FEATURES

PH Completes In-Country Consultation and Stocktake in the Global Shield Implementation
The Republic of the Philippines continues to make strides as a country pathfinder under the G77-V20 Global Shield against Climate Risks initiative after completing the in-country process and stocktake, led by the Climate Finance Policy Group of the Department of Finance (DOF) and the Institute for Climate and Sustainable Cities (ICSC). Progress is underway for the gap analysis, bringing the country closer to developing its request for Climate and Disaster Risk Finance and Insurance (CDRFI) support.

ICJ Climate Ruling Empowers Youth-Led Fight for Climate Justice
By CVF Youth Fellows As young leaders from the world’s most climate-vulnerable nations, we see the International Court of Justice’s (ICJ) advisory opinion not only

42nd GCF Board Decisions Unlock Critical Support for 26 CVF-V20 Nations
July 30, 2025—Seventeen (17) new climate projects valued at USD1.225 billion are set to benefit low-income developing countries and small islands developing states, including 26

Kenya Unveils Draft Regulations for National Carbon Registry
July 30, 2025—The Republic of Kenya has unveiled its first draft of the Climate Change (Carbon Registry) Regulations, marking a significant milestone in its efforts

Barbados Takes the Lead in Regional Debt Swap Prototype
July 30, 2025—A multibillion-dollar regional “debt-for-resilience” facility, supported by the Inter-American Development Bank (IDB), the World Bank, The Development Bank of Latin America and the

Pakistan CPP Consultations Expand to Gilgit-Baltistan
Gilgit-Baltistan, Pakistan | July 18, 2025—As part of its nationwide efforts to develop a robust Climate Prosperity Plan (CPP), Pakistan has expanded consultations to Gilgit-Baltistan,

Breaking the Sovereign Debt Doom Loop: Reprofiling with rate cuts can unlock USD $454 billion until 2031 says new report
1 July 2025, Sevilla, Spain – A debt review just released by a bloc of 74 finance ministers revealed climate vulnerable countries are spending four

Nepal reaffirms commitment to clean air
June 30, 2025—The recently published World Bank report, “Towards Clean Air in Nepal,” identifies air pollution as Nepal’s leading health risk, responsible for around 26,000

Solomon Islands and Vanuatu chart vast indigenous-led Ocean Reserve in Pacific
June 30, 2025—The Solomon Islands and Vanuatu are stepping forward to create the Melanesian Ocean Reserve, a groundbreaking initiative to protect the waters of the

Nicaragua taps 70 MW solar project to boost water access
June 30, 2025—Work has begun on Nicaragua’s largest solar energy project, the 70 MW Enesolar-3 plant in Nindirí, with an $83 million investment support from

Major Reforms to IMF, Global Tax Rules Needed to Bridge Climate Investment Gap
June 30, 2025—A new policy brief authored by Daniel Titelman, Marilou Uy, and Amar Bhattacharya from the Task Force on Climate, Development, and the International

Why We Should Protect High Seas From All Extraction, Forever
June 30, 2025—As the UN Oceans Conference opened in Nice, France, in early June, a landmark paper published in the prestigious journal Nature, led by



