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[financial]ELEVATEDresolved

Climate Fiscal Policy and Intergenerational Equity

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—France 24 InternationalNo Trust Score Issued

Colombia climate conference highlights lack of financing for shift from fossil fuels

A global conference in Colombia highlighted the lack of financing as a major barrier to transitioning away from fossil fuels, with officials and experts calling for concrete mechanisms to support the shift to cleaner energy. The conference comes as governments face increasing pressure to move beyond climate pledges and outline plans to phase out oil, gas, and coal. The economic challenges of transitioning to cleaner energy are being faced by countries and regions largely on their own, with few c

—RapplerNo Trust Score Issued

Fossil fuel, renewable financing reached ‘new heights’ in 2025 – report

A report has found that top Philippine domestic banks' funding for coal, gas, and renewables reached record levels in 2025, with coal financing at its highest since 2019 and gas financing amounting to $3.37 billion. Meanwhile, financing for renewables quadrupled to $5.79 billion. Environmental advocates are calling on banks to divest from fossil fuels and phase out their support for coal and gas. The report comes as countries prepare to gather for a conference on fossil fuel phaseout, which coul

Climate Disasters and Intergenerational Equity: A Fiscal Rule for Sustainable Development -- by Harrison Hong, Heqing Huang, Neng Wang

Researchers Harrison Hong, Heqing Huang, and Neng Wang present an economic model examining how governments can address intergenerational equity risks posed by climate disasters through state-contingent fiscal rules. The model proposes that when perceived disaster risk is high, governments should raise consumption taxes to finance resilience investment subsidies, aligning with UN Sustainable Development Goals principles. The study finds this sustainability-constraint approach improves asset valua