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The Latest Breaking News from Developing Countries

World Bank warns record debt levels could put developing countries in crisis

High interest rates siphoning money away from spending on health, education and tackling climate crisis

The Guardian - UK

Why ‘implementation’ matters in the global fight against the climate crisis

Developing countries argue they don’t lack ambition when it comes to phasing out fossil fuels – it’s all about the means

The Guardian - UK

How lending-based climate finance is pushing poor countries deeper into debt

After more than a decade of disappointment, the world’s wealthiest countries may have finally fulfilled their 2009 promise to mobilise $100 billion a year to help developing countries face the climate crisis. But the harsh truth is that developing nations are going to have to pay most of that money…

France 24

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Last-ditch attempt to forge fresh Cop28 deal after original rejected

Sultan Al Jaber, the Cop president, engaged in shuttle diplomacy past deadline to finalise text on fossil fuels

The Guardian - UK

5 big promises made at annual UN climate talks and what has happened since

At the end of every annual UN climate conference, big promises are made

The Independent UK

Key COP28 draft document says countries must show progress on adapting to climate change by 2030

By 2025, all countries must have plans to adapt to climate change and demonstrate progress by 2030. Negotiators proposed targets such as enhancing adaptive capacity by 50-90% by 2030-50. Developed countries must invest trillions in developing countries to help them adapt. India is meeting most of its adaptation expenses with…

The Hindu

Equity and climate justice must be basis of climate action: India at COP28

India firmly believes equity and climate justice must be basis of global climate action. India has reduced emission intensity and achieved 40% of installed electric capacity through non-fossil fuel sources. India looks forward to Global Stocktake's outcomes and resource mobilisation for developing countries. India has contributed to climate action through…

The Hindu

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Cop28 failing on climate adaptation finance so far, African group warns

Continent’s chief negotiator says an agreement for fair and equitable funding is a matter of life and death

The Guardian - UK

Letter: Lady Kinnock of Holyhead obituary

Helen O’Connell writes: Her zeal for tackling poverty and injustice in developing countries was such that she came to be known as ‘the MEP for Soweto’

The Guardian - UK

$700m pledged to loss and damage fund at Cop28 covers less than 0.2% needed

Money offered so far falls far short of estimated $400bn in losses developing countries face each year

The Guardian - UK

Climate finance takes spotlight at COP28

Money pledges were in the spotlight at COP28 in Dubai on Monday as delegates turned their focus to the yawning gap in how much climate finance is needed and what's on tap, particularly for developing countries that need funds each year just to adapt to the warming world.

France 24

Countries promise millions for damages from climate change. So how would that work?

A historic agreement at the international climate talks will provide hundreds of millions of dollars for developing countries. It's nowhere near enough.

WEKU

COP28 | Rising ambitions on climate action must see matching progress on climate finance: PM Modi

PM Modi calls for climate financing, tech transfer to developing countries. India, UAE join forces to shape greener future, advancing global discourse on climate action. India-UAE ties span entire energy spectrum, focus on sustainability. Nations must ensure development priorities of Global South not compromised. COP28 to bring fresh impetus to…

The Hindu

PM Modi arrives in Dubai to attend World Climate Action Summit

Modi arrives in Dubai for World Climate Action Summit, calls for support to developing countries with climate financing and tech transfer. Urges focus on climate action based on equity, justice and differentiated responsibilities

The Hindu

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International Business Times

COP28 Opens With Climate Disaster Fund Commitments From UAE, US, UK, Japan and Germany

The total commitments fall short of developing countries' prior requests, but experts view it as a positive sign.

The Hindu

India walked the talk when it comes to climate action: PM Modi

PM Modi calls for supporting developing countries with climate financing and tech transfer to enable them to tackle climate change. India has taken concrete steps on climate action during its G20 presidency.

The Conversation

COP28 begins: 4 issues that will determine if the UN climate summit is a success, from methane to money

The United Nations climate conference is underway in Dubai, and representatives from around the world will be confronting an extraordinary array of challenges over its two weeks. They carry with them some long-held – and new – grievances, and strong expectations.

The Guardian - UK

Why loss and damage funds are key to climate justice for developing countries at Cop28

Nations contributing least to greenhouse gas emissions are least equipped to deal with climate-related destruction

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news in one place.

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The Conversation

China is already paying substantial climate finance, while US is global laggard – new analysis

Finance is poisoning international cooperation on the climate crisis.

The Conversation

Climate change: 3 key goals Nigeria must focus on at COP28

Global environmental stakeholders will converge in Dubai, the United Arab Emirates, from 30 November to 12 December 2023 for the UN Climate conference known as COP28. The conference aims to continue negotiations to address the global climate crisis. Nigeria’s main agenda in the conference is climate finance needed for climate…

The Conversation

Low emissions and economic survival – countries in the global south aren't getting a fair deal

In 2015, more than 140 countries signed up to the goal of achieving net-zero emissions by 2050. For countries in the global south this is a huge task. On the one hand they have committed to low emissions. On the other their economic survival depends on using resources that produce…

The Guardian - UK

What is Cop28 and why does it matter?

UN climate summit begins in Dubai on 30 November and will readdress finance for loss and damage

The Hindu

Unpacking the Dubai climate meeting

At the top of the COP28 agenda is the first Global Stocktake, a key part of the Paris Agreement machinery

WEKU

Climate funding is in short supply. So some want to rework the financial system

Efforts to boost climate financing have moved beyond national pledges. Now the focus is on overhauling organizations like the World Bank and providing countries debt relief.

The Guardian - UK

Revealed: Saudi Arabia’s grand plan to ‘hook’ poor countries on oil

Climate scientists say fossil fuel use needs to fall rapidly – but oil-rich kingdom is working to drive up demand

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