Simon Jessop

Paul Bodnar, the head of sustainability policy and engagement at BlackRock , the world's biggest asset manager, is to join tech mogul Jeff Bezos' $10 billion Bezos Earth Fund, a memo to staff on Friday reviewed by Reuters shows.

The world's largest multilateral climate fund has made its largest financial commitment to date to help build a $6 billion water desalination project in Jordan, its top executive said.

Events next week in Rio and other Brazilian cities linked to the COP30 climate summit will be safe for visitors, a Brazilian ministry official said, seeking to reassure attendees after a bloody police crackdown on a drug gang that led to dozens of deaths.

Carbon Measures, a global carbon accounting initiative backed by several big energy and multinational companies, will form an independent panel to help guide its work, its CEO told Reuters.

The European Bank for Reconstruction and Development could lend up to $1.5 billion for a Central Asian hydropower plant, its president told Reuters, adding that demand for renewables is rising despite some opposition to funding green energy.

A group of 20 developing countries affected by conflict has approved a plan to provide emergency support to members facing international disputes or high-stakes talks with companies on natural resources and infrastructure, its deputy general-secretary told Reuters.

A group of 35 finance ministers laid out suggestions on Wednesday for scaling climate finance to $1.3 trillion a year, a key demand by developing nations ahead of this year’s COP30 talks in Brazil.

The European Union will double down on its support for reforming global development banks to do more to fight climate change, a draft EU document showed, a stance that puts Brussels at odds with the U.S. ahead of World Bank and IMF meetings this month.

The Net-Zero Banking Alliance is to cease operations after a vote to wind up the group which had already lost many of its members amid allegations from some U.S. lawmakers that membership breached antitrust regulations.

The development bank for Latin America and the Caribbean will channel $5 billion in the next five years toward projects that help children, part of a wider U.N. campaign to ensure that financial investments do not harm the world’s youth.