Climate Finance

Climate and species protection is indispensable – and costs money. Germany must not shirk its responsibilities in these areas by invoking the debt brake. Sources of financing are available – the next federal government should use them.

COP29 was expected to deliver a global goal for climate finance that meets the challenges of the future. It failed to do so. Instead, it launched international carbon markets that create new loopholes for fossil fuel emitters.

When the Loss and Damage Fund was created last year, it was hailed as a triumph for climate justice. But it might turn out to be just the opposite, as it not only fails to deliver the support developing countries need to cope with loss and damage, but also provides an excuse not to include such support in new climate-finance goals.

COP29 in Baku will decide the future of global climate finance. As developing nations demand $1 trillion in annual support, tensions rise over who should contribute and how funds are allocated. Will this summit deliver on the promise of climate justice and equity?

Azerbaijan is the third authoritarian and repressive petro state in a row to host the COP presidency. The most important issues on the COP29 agenda: the new global goal on climate finance (NCQG) and the negotiations on carbon markets - and for both is true: the climate crisis is a matter of global justice.

The new Loss and Damage Fund (FRLD) aims to support climate-vulnerable countries against escalating damages. Despite meeting setup milestones, key questions on funding scale, the operational model, and access policies remain unresolved. Can the FRLD truly deliver?

Climate finance is high on the agenda of this year's international climate negotiations. Climate finance expert Liane Schalatek explains the key sticking points and what civil society calls for.

Ahead of the 80th anniversary of the Bretton Woods Conference, together with partner institutions, we propose reforms in eight critical areas of the international economic and financial architecture to reflect the changing global realities and challenges.