Green Climate Fund whistleblowers urge US to take its money elsewhere – until ‘toxic’ workplace is fixed
(Climate Home News, 12 Mar 2021) John Kerry is promising the US will “make good” on its contribution to the Green Climate Fund.
The presidential climate envoy is seeking to rebuild bridges with the rest of the world after Donald Trump reneged on US climate commitments.
Delivering a $2 billion outstanding pledge to the UN-backed climate fund, for distribution to projects in developing countries, is widely seen as a good place to start.
Campaigners are calling on the Biden administration to commit a further $6bn to the fund. Yannick Glemarec, executive director of the fund, says US reengagement “will send an extraordinarily positive signal” and allow it to accelerate support for the green recovery from the coronavirus pandemic.
But the latest staff survey results, presented internally last month and seen by Climate Home News, show faith in the fund’s leadership is at rock bottom. Views of the senior management team were 24% favourable, 40% unfavourable.
Unless there is urgent reform, whistleblowers tell Climate Home News, the money would be better directed elsewhere.
External link
More Related News
Green recovery
31 Jan 2022: Stalled 'Build Back Better' package threatens U.S. climate influence
20 Dec 2021: Manchin delivers potential fatal blow to Biden's $1.75 trillion spending bill
18 Oct 2021: How to tackle COVID-19 jobs crisis and climate change? Invest in clean energy
2 Sep 2021: Pandemic a lost opportunity to speed energy transition, consultancy says
26 Aug 2021: Scottish Green Party announces plan with Government to build a green economic recovery
20 Jul 2021: Emissions will hit record high by 2023 if green recovery fails, says IEA
15 Jul 2021: Trillions of dollars spent on Covid recovery in ways that harm environment
11 Jun 2021: Hard-hit by COVID-19, Latin America seen skimping on climate cash
31 May 2021: EU, Japan seal ‘green alliance’ in bid for climate neutrality
26 Apr 2021: Clean energy shift a chance to 'raise' people and the economy, Biden says
20 Apr 2021: Green stimulus plan could create 1.2m UK jobs in two years, research finds
19 Apr 2021: Plotting a green Covid recovery: How the EU, US and China stack up
8 Apr 2021: World Bank, IMF eye ways to link debt relief to climate change spending
6 Apr 2021: Urgent policies needed to steer countries to net zero, says IEA chief
15 Mar 2021: Abolition of energy-saving certificates worries French building sector
11 Mar 2021: Hall of shame: 9 countries missing the chance of a green recovery
5 Mar 2021: Africa urged to embrace wind power to create jobs and go green
22 Feb 2021: Keep funding green homes to meet emissions target, say businesses
18 Feb 2021: What is in store for Southeast Asia’s clean energy sector in 2021?
11 Feb 2021: Preview-covid, climate, tax feature at first post-Trump G7 talks
8 Feb 2021: 'Eat and have a job': Moldovan youth advisor lays out economic basis for climate action
11 Jan 2021: World Bank to invest $5 bln in 11 African countries
21 Dec 2020: Time for a global Green New Deal
17 Dec 2020: Few major economies investing in nature-friendly COVID-19 recovery, index finds
10 Dec 2020: The climate crisis should be at the heart of the global Covid recovery
3 Dec 2020: IEA: Energy efficiency plays notable role in global economic recovery packages
30 Nov 2020: Fixing EU carbon market crucial to airlines ‘building back better’
24 Nov 2020: Not just emissions: why a green recovery from Covid-19 means more jobs
23 Nov 2020: Covid-19: Can Asean make sustainable recovery a reality?
23 Nov 2020: China seeks green cooperation with EU in post-pandemic recovery
16 Nov 2020: EU countries urged to support ‘green recovery’ across the globe
12 Nov 2020: Financing for global goals under threat just when most needed, says OECD head
12 Nov 2020: It’s time for recovery finance to step up
12 Nov 2020: Why India should keep coal out of its infrastructure story
10 Nov 2020: Biden’s election offers opportunity to cut energy emissions and fight climate change
9 Nov 2020: World is running out of time on climate, experts warn
5 Nov 2020: Debt-for-climate swaps can help developing countries make a green recovery
2 Nov 2020: Green recovery led by industry or government – America’s choice between two future
29 Oct 2020: Asia's aspiring 'green-collar' workers hope for jobs in COVID recovery
29 Oct 2020: South Korea mirrors European Green Deal with net-zero pledge for 2050
16 Oct 2020: Tenth of pandemic stimulus spend could help world reach climate goals – study
15 Oct 2020: World Bank and IMF must spearhead a green and inclusive recovery
15 Oct 2020: Ballooning debt cripples poor countries’ hopes of green recovery from Covid
13 Oct 2020: Climate change poses 'profound threat' to global growth -IMF chief
28 Sep 2020: Can Asean balance growth and sustainability in post-Covid infrastructure development?
28 Sep 2020: World leaders pledge to halt Earth’s destruction ahead of UN summit
14 Sep 2020: Governments urged to invest more in green cities to beat coronavirus slump
10 Sep 2020: Showcasing the need to improve energy performance of industry
8 Sep 2020: African ministers call for investment in Great Green Wall to aid Covid-19 recovery
4 Sep 2020: Create jobs and protect the climate? Analysis shows these investments would deliver.
4 Sep 2020: France's 'big green recovery plan' not big enough for campaigners
24 Aug 2020: Climate fund for poor nations vows to drive green COVID recovery
23 Jul 2020: Britain to provide 350 mln stg to help industry cut carbon emissions
23 Jul 2020: Guterres confronts China over coal boom, urging a green recovery
17 Jul 2020: S.Korea to spend $95 bln on green projects to boost economy
17 Jul 2020: More nature, more jobs? Green investment seen as driver of coronavirus recovery
15 Jul 2020: Green budget rules won’t be the hottest potato at EU summit talks
13 Jul 2020: Renewable hydrogen: a strategic opportunity for global green recovery
10 Jul 2020: Why national building renovation plans are key for the recovery
10 Jul 2020: ECB’s Lagarde to pursue ‘every avenue’ to fight climate change
10 Jul 2020: Air France’s promise to nix domestic flights: Not good enough for the environment
10 Jul 2020: EU Commission charts path towards 100% renewable hydrogen
30 Jun 2020: Climate fund targets $2.5 bln in clean energy investment for SE Asia
29 Jun 2020: How green are Asia’s post-Covid economic recovery plans?
29 Jun 2020: What is green finance’s role in the Covid-19 recovery?
29 Jun 2020: Ireland to set annual emissions goals to reach 2050 carbon neutrality
29 Jun 2020: US to join summit on global green recovery from Covid-19 crisis
29 Jun 2020: France's Macron pledges 15-billion-euro green push after vote rout
25 Jun 2020: POLL-Americans split along party lines over green stimulus
22 Jun 2020: Britain still failing on climate crisis, warn advisers
19 Jun 2020: Hopes for EU–China climate deal centre on a green recovery
18 Jun 2020: IEA: States should invest $3 trillion in sustainable energy
11 Jun 2020: Local Government: Green recovery could create over one million jobs
11 Jun 2020: New Jersey regulators enable major progress on energy efficiency
9 Jun 2020: Envisioning a blue recovery
8 Jun 2020: 'No one can self-isolate from climate change'; UK, French c.banks urge action
8 Jun 2020: ANALYSIS-Jobs come first in S.Korea's ambitious 'Green New Deal' climate plan
8 Jun 2020: COVID-19 relief for fossil fuel industries risks green recovery plans
4 Jun 2020: Boris Johnson under pressure to ensure green recovery in UK
4 Jun 2020: Solar pumps, migrant homes help shield post-coronavirus world
4 Jun 2020: Green Recovery: Germany unveils plans for €40bn climate spending surge
2 Jun 2020: Japan to launch ‘green recovery’ platform and ministerial meeting
28 May 2020: Clean energy is vital to the Covid-19 response in the world’s poorest countries
28 May 2020: UK support grows for a green Covid-19 exit
26 May 2020: The case for green buildings in the COVID-19 recovery
26 May 2020: World health leaders urge green recovery from coronavirus crisis
25 May 2020: Will China’s Covid recovery be green? – Climate Weekly
21 May 2020: Heed lessons of 2008 crisis, experts warn global leaders
19 May 2020: Business giants call for science-based green economic recovery
18 May 2020: Labour to plan green economic rescue from coronavirus crisis
18 May 2020: Labour to plan green economic rescue from coronavirus crisis
15 May 2020: Transparent data is the key to Asia’s green recovery in a post-Covid world
15 May 2020: Beware of jobs vs. climate clash in virus aftermath, EU warned
14 May 2020: Deutsche Bank targets 200 bln euros of sustainable investment by 2025
14 May 2020: Seizing the moment: how Australia can build a green economy from the Covid-19 wreckage
12 May 2020: Republicans urge Trump to bar banks from shunning fossil fuel loans, investments
11 May 2020: Reconstruct without rebuilding
4 May 2020: IMF chief: $1 trillion post-coronavirus stimulus must tackle climate crisis
Sustainable finance
22 Mar 2024: Climate-focused investment firm World Fund raises 300 mln euros
19 Mar 2024: Fossil fuel sector should pay climate finance, EU ministers say
12 Mar 2024: Do the EU’s new ESG rules make ratings more reliable?
27 Feb 2024: Brazil partners with largest climate finance alliance to boost green growth
23 Feb 2024: EU Commission eyes ‘Juncker plan on steroids’ to boost green investments
9 Feb 2024: Barclays to adopt fresh curbs on oil and gas financing
23 Jan 2024: Most euro zone banks face risk from climate complacency, ECB finds
27 Nov 2023: Australian super fund puts billions into backing Britain’s energy transition
14 Nov 2023: Time to close the gap that allows EU companies to fuel the climate crisis
28 Sep 2023: Big European insurers ‘underwrite 30% of US coal despite net zero pledges’
4 Jul 2023: Climate change talk is cheap without projects to finance
30 Jun 2023: Establishing criteria for foreign investment in Ukraine’s energy sector
30 Jun 2023: Climate groups accept millions from charity linked to fossil fuel investments
30 Jun 2023: Public banks agree to check investments against countries’ climate plans
22 Jun 2023: No new EU money for green tech in latest budget review
9 Jun 2023: Rich world’s leaders fail to commit to Paris global financing summit
2 Jun 2023: “Green” finance bankrolls forest destruction in Indonesia
9 May 2023: Central banks raising interest rates makes it harder to fight the climate crisis
21 Apr 2023: UN’s Green Climate Fund too scared of risk, finds official review
21 Apr 2023: In meeting with big economies, US announces more funds to fight climate change
18 Apr 2023: As the climate suffers, enforcement needed for corporate green pledges
14 Apr 2023: Banks say they’re acting on climate, but continue to finance fossil fuel expansion
13 Apr 2023: Why the World Bank must boost green investment in emerging markets
20 Mar 2023: US banks are sacrificing poor communities to the climate crisis
3 Mar 2023: EU negotiators agree on rules defining European green bonds
24 Feb 2023: ‘We have no time to lose’: Ban Ki-moon criticises climate finance delays
23 Feb 2023: India set to push for green World Bank reforms at G20
17 Feb 2023: Climate transition plans for banks: EU legislators on a razor’s edge
27 Jan 2023: Just 7% of global banks’ energy financing goes to renewables, new data shows
17 Jan 2023: Banks still investing heavily in fossil fuels despite net zero pledges – study
29 Nov 2022: New transparency rules a ‘gamechanger’ for European green finance
28 Nov 2022: Here’s how to get private finance into climate action
25 Oct 2022: Mark Carney denies big banks threatened to quit climate finance group
13 Oct 2022: US, Germany back ‘fundamental reform’ of World Bank to scale climate finance
4 Oct 2022: Philippines raises minimum renewable energy capacity to 2.5% in power mix
3 Oct 2022: World Bank criticised over climate crisis spending
16 Sep 2022: Five priorities for a meaningful post-2025 climate finance target
13 Sep 2022: You can’t stock-pick your way out of environmental collapse, superannuation boss warns
26 Aug 2022: India's climate entrepreneurs are struggling to finance their future
22 Jul 2022: Massachusetts set to enable citizens to give climate finance to vulnerable nations
17 Jun 2022: Bank group accused of exploiting loopholes and ‘greenwashing’ in climate pledge
5 May 2022: EU body sets out draft sustainability disclosure standards
3 May 2022: Going green? Chinese policy banks’ changing role in global energy development
12 Apr 2022: World Bank condemned by watchdog for helping finance Philippines coal boom
1 Apr 2022: Big banks failing to quit fossil fuel, despite climate pledges
11 Mar 2022: Rich countries close in on $100B pledge for international climate finance
17 Feb 2022: As the AIIB reviews its energy strategy, will it finally go fossil free?
4 Feb 2022: Indian village banks on tree mortgages in bid to go carbon-neutral
24 Jan 2022: £262bn investor says it will target bosses who fail on climate or human rights
20 Jan 2022: BlackRock’s Larry Fink: climate policies are about profits, not being ‘woke’
16 Nov 2021: Finance must combat climate change - or else
5 Nov 2021: Banks are still financing fossil fuels – while signing up to net zero pledges
29 Oct 2021: EU climate and infrastructure agency eyes end of fossil fuel projects
28 Oct 2021: European Investment Bank to end all loans to oil and gas firms
21 Oct 2021: New Zealand passes climate change disclosure laws for financial firms in world first
21 Oct 2021: Hedge fund billionaire calls for higher capital requirements for fossil fuel financing
12 Oct 2021: Dispute grips Green Climate Fund over net zero condition for accessing finance
23 Sep 2021: World leaders at UN urged to end public finance to fossil fuels
13 Sep 2021: Harvard University to end investment in fossil fuels
31 Aug 2021: Singapore exchange proposes mandatory climate-related disclosures
26 Aug 2021: Joe Biden can seal a breakthrough deal to end global public finance for fossil fuels
13 Jul 2021: BlackRock CEO calls for stronger climate finance plan at G20 meet
8 Jul 2021: ECB ramps up its role in tacking climate change
24 Jun 2021: EU watchdog tells banks to have a 10-year climate plan
15 Jun 2021: EU, US eye ‘Green Technology Alliance’ at Brussels summit
11 Jun 2021: G7: why major economies are delaying a break with the fossil fuel industry.
11 Jun 2021: Asian Development Bank no longer to support coal
11 Jun 2021: Fashion label Chanel invests $25 million in new climate adaptation fund
10 Jun 2021: Leading investors urge governments to end support for fossil fuels
8 Jun 2021: New investor club pushes Asian electric utilities to slash emissions
7 Jun 2021: G7 finance policies are urgently needed to achieve net-zero goals
7 Jun 2021: Republicans pledge allegiance to fossil fuels like it’s still the 1950s
7 Jun 2021: G7 agree on ‘historic steps’ to make climate reporting mandatory
27 May 2021: Exxon loses board seats to activist hedge fund in landmark climate vote
25 May 2021: British banks finance 805m tonnes of CO2 production a year
10 May 2021: Asian Development Bank to end coal, oil and gas financing -draft statement
20 Apr 2021: The EIB needs to support the transformation of EU mobility, not undermine it
30 Mar 2021: Green investing 'is definitely not going to work’, says ex-BlackRock executive
29 Mar 2021: One fifth of the world’s largest companies have set net zero targets
22 Mar 2021: New EU reporting requirements will force firms to ‘get serious’
22 Mar 2021: Investors urge Europe to prioritise climate in agriculture reform
22 Mar 2021: Fossil fuel polluters are the new tobacco
18 Mar 2021: 'Green' funds shown to herd less, cutting climate shock risk - EU watchdog
16 Mar 2021: Unleashing the climate market
15 Mar 2021: Coal-backing Japanese bank bids for Green Climate Fund partnership
11 Mar 2021: EU prepares to turn the screw on asset managers over greenwashing
11 Mar 2021: France urges common U.S.-EU green finance rules after Kerry talks
1 Mar 2021: Banks in EU should publish yardstick of ‘green’ activity, says watchdog
1 Mar 2021: Spanish energy companies to carry the torch for renewable deals
1 Mar 2021: British insurer Aviva sets out net zero 2040 climate strategy
25 Feb 2021: Show us the plan: Investors push companies to come clean on climate
18 Feb 2021: Finance ministers have to be green in today's world, says OECD head
11 Jan 2021: Africa's leap to clean energy seen needing policy change, investment
15 Dec 2020: Europe's banks have a way to go on sustainability - BlackRock study
26 Nov 2020: EU ombudsman criticises BlackRock contract
17 Sep 2020: BlackRock votes against 49 companies for lack of climate crisis progress
8 Sep 2020: Luxembourg raises 1.5 bln euros in Europe's first 'sustainability' government bond