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Half of nearly $8b in global climate funds going to just 10 nations: Study
2014-12-08 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Business Times: More than half of the $7.6 billion in international funds given to the developing world to cut emissions of greenhouse gases and mitigate the effects of climate change has gone to just 10 nations, according to a study conducted by Overseas Development Institute (ODI), a London-based think tank. The study also found that countries most at risk from a warming climate had, over the last decade, received much smaller amounts than needed. The top recipients of finance were Morocco, Mexico and Brazil,...
United Kingdom: Fossil fuel investing risk to pension funds, says Ed Davey
2014-12-07 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Telegraph: Investing in fossil fuels is becoming increasingly risky because global action to tackle climate change will curb demand, forcing companies to leave unprofitable reserves in the ground, Ed Davey, the energy secretary, has warned. Financial authorities must examine the risks posed by coal, oil and gas companies to prevent pension funds investing in what could become "the sub-prime assets of the future', Mr Davey said. The comments are Mr Davey's first intervention into the debate over the "carbon...
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Uber's Investor Club Adds Two Hedge Funds,...
2014-12-05 07:45:25| IT Services - Topix.net
New investors in the ride-sharing startup's $1.2 billion round of funding included Middle East sovereign wealth fund Qatar Investment Authority and two hedge funds, Valiant Capital Partners and Lone Pine Capital, according to people familiar with the matter. One of the world's oldest and largest venture-capital firms, New Enterprise Associates, also bought shares in the round, people briefed on the deal said.
Tags: club
funds
investor
adds
Japans Misuse Climate Funds for Dirty Coal Plants Exposed
2014-12-03 22:51:00| Climate Ark Climate Change & Global Warming Newsfeed
Inter Press Service: World governments gathered in Lima, Peru for the latest round of U.N. climate negotiations should have finance on their mind. Making a just transition to a climate-safe future means helping developing countries to deal with damage from climate change, equipping them with the technology and skills to adapt to new circumstances, and to continue to develop on their own paths in the face of the climate crisis.The GCF still suffers from dismally low finance pledges compared to what is really needed...
Tags: funds
plants
dirty
exposed
Oopsie! $1 Billion UN Funds to Fight Climate Change Built Coal Power Plants
2014-12-02 15:30:00| Climate Ark Climate Change & Global Warming Newsfeed
Newsweek: About $1 billion in United Nations funding meant to help developing countries take action against climate change went, unnoticed, towards Japanese companies for the construction of three coal-fired power plants, the Associated Press reported Monday. Coal-burning power plants are the worlds biggest source of atmospheric CO2, a key driver of global warming. U.N. climate chief Christiana Figueres was apparently unaware of where those funds wound up until it was brought to her attention by the...
Tags: change
power
built
funds
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