Vol 64 No 21

Published 19th October 2023

Radical climate finance strategies go mainstream

13 Oct 2023

PREVIEW

Leaders of the IMF and World Bank back carbon taxes and a plan to end fossil fuel subsidies | Special Report by Tim Concannon

Welcome to the first in our series of special reports in the run-up to the UN COP28 Climate Summit in Dubai opening on 30 November.

Africa Confidential's Environment Editor Tim Concannon will explain and analyse the key issues at stake in Dubai and how African governments, companies and regional institutions are approaching the negotiations. Much of the focus in Dubai will be on climate finance.

Our first report in the series examines how the IMF and World Bank are changing policy on climate finance, boosting lending and calling for carbon taxes and the ending of fossil fuel subsidies.

For a detailed analysis of these shifts, read this Special Report here: Radical climate finance strategies go mainstream.

Prepared for Free Article on 16/08/2026 at 16:34. Authorized users may download, save, and print articles for their own use, but may not further disseminate these articles in their electronic form without express written permission from Africa Confidential / Asempa Limited. Contact subscriptions@africa-confidential.com.

Vol 62 No 4 |

NIGERIA
CLIMATE CHANGE

Shell retreats from the Delta

18th February 2021

The Anglo-Dutch giant is losing its battle to fight off international lawsuits over pollution

Shell is retreating from onshore oilfields in the Niger Delta under a cloud, facing lawsuits, recriminations and so far failing to deal with some of the most serious...

Vol 65 No 1 |

CLIMATE CHANGE
SPECIAL REPORT

What did the UN COP28 Climate summit deliver for Africa?

29th December 2023

The final communiqué at the end of the UN COP28 summit in Dubai on 13 December produced what its authors hailed as a breakthrough – it approved a roadmap for 'transitioning away from fossil fuels' | By Tim Concannon

It was a first for a UN Climate Conference. But it stopped short of what many delegates had called for – 'a phase-out' of the use of coal,...

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Vol 64 No 22 |

CLIMATE CHANGE
SPECIAL REPORT

Fight over control of loss and damage fund dominates pre-summit talks

31st October 2023

Key questions are whether the World Bank or the UN will control the new fund – and the cost of its loans | Special Report by Tim Concannon

The schism between the west and developing economies over compensation for the damage caused by climate change is dominating preparatory talks ahead of the UN COP28 Climate summit...

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Vol 66 No 24 |

Johannesburg and Belém summits send defiant message to Trump

26th November 2025

Multilateralism survived and African leaders got some progress on debt, minerals and climate change at the G20 and the COP30

Winning a sort of victory in the teeth of United States opposition, South Africa’s President Cyril Ramaphosa rescued Africa’s first G20 on 22-23 November, pushing through a leaders’...

Vol 64 No 3 |

CLIMATE CHANGE
AFRICA IN 2023

Finance and energy access come first

23rd January 2023

The IMF, World Bank and G20 face growing pressure to raise funds for climate goals ahead of the UN COP28 summit in Dubai

Arguments over emissions cuts, climate finance and developing economies' access to energy are set to dominate the UN COP28 Climate summit in Dubai in November. Despite sharpening geopolitical...

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