The Latest Breaking News from Mia Mottley

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

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…

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

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

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

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

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

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

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

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.

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.