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The Latest Breaking News from Mia Mottley

Slow start on World Bank reform angers climate-hit countries

World Bank meetings in Washington were supposed to be a first step in a new era of affordable loans for developing nations hard hit by climate change

The Independent UK

Age of globalisation is now the age of instability – and we need a plan

Bridgetown Initiative could be way for rich nations’ development finance words to become action

The Guardian - UK

Malpass resigns amid climate controversy

When asked about climate change, David Malpass said he’s “not a scientist.” Soon he won’t be a World Bank president

Salon

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It’s high time to rethink how the World Bank operates

Many believe there is little future in trying to tackle problems of the 2020s with institutions created in the 1940s

The Guardian - UK

Why World Bank head’s resignation is good news for climate crisis fight

David Malpass’s decision to quit has delighted frustrated developing nations, donors, experts and campaigners

The Guardian - UK

War accelerating clean energy adoption

Call it the Putin effect: Russia’s war is speeding up the global shift away from fossil fuels

Salon

How Putin’s war and small islands are accelerating the global shift to clean energy, and what to watch for in 2023

The year 2022 was a tough one for the growing number of people living in food insecurity and energy poverty around the world, and the beginning of 2023 is looking bleak.

The Conversation

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Barbados plans to make Tory MP pay reparations for family’s slave past

Richard Drax reported to have visited Caribbean island for meeting on next steps, including plans for former sugar plantation

The Guardian - UK

Trillions needed to fight climate change

At COP 27, negotiators have been haggling over how to pay for the mounting costs of climate change

Salon

Tackling climate change will require reforming the World Bank and IMF – here are two options

A global transition to a low-carbon economy will require investments of at least US$4 trillion a year (£3.4 trillion) according to the implementation plan agreed at COP27 UN climate change summit in Sharm El-Sheikh, Egypt. Delivering this funding will involve nothing less than “a swift and comprehensive transformation of the…

The Conversation

Barbados spearheads push on climate disaster financing

As climate-amped disasters ratchet up the suffering, the staid international finace system designed for an earlier age may be on the brink of change, driven by those on the front lines

The Independent UK

Climate-focused reform of World Bank could be done in a year, says Al Gore

Former US vice-president says bank should refocus its spending and end its role in ‘fossil fuel colonialism’

The Guardian - UK

4 signs of progress at the UN climate change summit

Something significant is happening in the desert in Egypt as countries meet at COP27, the United Nations summit on climate change.

The Conversation

Cop27 first week roundup: powerful dispatches, muted protest, little cash

Despite ‘loss and damage’ focus there have been more oil and gas lobbyists than delegates from the most vulnerable countries

The Guardian - UK

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The Guardian - UK

‘Like Vegas, but worse’: Sharm el-Sheikh fails to charm Cop27 delegates

On first week of summit there have been traffic jams, water shortages – and an atmosphere of state repression

The Guardian - UK

Banks are leaving the Caribbean. It’s unfair and will backfire on the west

Financial ‘de-risking’ is making life difficult in vulnerable regions and will lead to more corruption and tax evasion, says Caribbean analyst Kenneth Mohammed

Newsroom.co.nz

‘Significant’ moves on climate disaster funds lift COP27 hopes

There have been small but symbolic moves at summit where finance is critical include new loss and damage money and debt relief.

Newsroom.co.nz

Finance a COP sticking point

The third day of the COP summit in Egypt saw signs of movement on climate finance and the resurrection of a controversy about the views of the World Bank president.

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The Conversation

It’s the big issue of COP27 climate summit: poor nations face a $1 trillion ‘loss and damage’ bill, but rich nations won’t pay up

The costs of climate-related disasters are growing and the poorest countries are bearing the brunt of impacts, from the unprecedented floods in Pakistan to the expanding famine in Somalia. Natural disasters in 2022 alone cost the global economy an estimated US$227 billion.

Newsroom.co.nz

The fixation on a PM’s COP-out

Should we care Jacinda Ardern has skipped every UN climate summit?

The Guardian - UK

‘Significant’ moves on climate disaster funds lift Cop27 hopes

Small but symbolic moves at summit where finance is critical include new loss and damage money and debt relief

The Guardian - UK

Could Barbados blueprint be a Marshall Plan for the climate crisis?

Mia Mottley, PM of Barbados, who, at Cop27 called again for climate justice, is devising a debt relief and loan blueprint, targeting the IMF

The Guardian - UK

Ukraine president says peace is vital for saving climate; US called out for blocking ‘loss and damage’ funds – as it happened

Volodymyr Zelenskiy appears at climate summit via video link; climate experts say US has acted ‘in bad faith’ for decades

The Guardian - AU

Afternoon Update: Liberal senator’s ‘offensive’ ABC grooming comment; Bob Brown arrested; when to spot the blood moon

Alex Antic tells Senate hearing a Play School segment amounted to ‘adult content’. And Medibank hit by ‘distressing’ ransomware threat

Pedestrian.tv

We’re One Day Into COP27 And Australia’s Already Getting Roasted For Not Doing Its Fair Share

COP27 is here and rich nations including Australia are already being criticised on day one for not doing their "fair share".

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