Pakistan secures new funding deal with IMF, likely to impose carbon levy from July
Pakistan has reached an agreement with the International Monetary Fund (IMF) under the Extended Fund Facility (EFF), with the South Asian nation agreeing to introduce a carbon levy from July.
Read MoreUK carbon developer to distribute 250k improved cookstoves in Sierra Leone
A UK-based carbon project developer is preparing the expansion of a cookstove project in Sierra Leone, with fuel-efficient equipment to be distributed to a further quarter of a million households, it announced this week.
Read MoreDubai business group partners with Indian firm to drive global industrial decarbonisation
A clean technology business group based in the UAE has partnered with an Indian renewable energy company to integrate carbon markets, power transmission, and sustainable energy solutions into the clean economy in Africa and across global markets.
Read MoreEthiopia to adopt carbon market law, issue 15 mln credits in 2025 -official
The Ethiopian government is planning to put in place its national carbon markets legislation in the first half of 2025 and issue more than 15 million emissions reduction and removal credits in the second half of the year, an official told a World Bank seminar Tuesday.
Read MoreAgri-tech firm secures $10-mln investment to expand operations across India
An Indian agriculture technology startup has raised INR 830 million ($10 mln) from a UK investor to expand its carbon farming operations across the South Asian nation, it announced Tuesday.
Read MoreFunding facility issues call for blended climate finance projects in developing nations
The Catalytic Climate Finance Facility (CC Facility) on Tuesday issued a tender looking for high-impact, scalable, and market-ready blended climate finance solutions in developing economies.
Read MoreClimate tech firm, local university team up to generate carbon removal credits in Nigeria
A Nigerian climate tech firm has partnered with an agriculture university to generate high-quality carbon removal credits by planting indigenous African trees on the university’s land.
Read MoreHurdles in applying corresponding adjustments to carbon credits may undermine CORSIA -report
The effectiveness of the CORSIA international aviation offsetting scheme could be limited by implementation challenges such as the structural barriers in applying corresponding adjustments under Article 6 of the Paris Agreement, according to a report released over the weekend.
Read MoreBRIEFING: Industry groups eye pilot for common ASEAN carbon market by late 2025
The signatories of the ASEAN Common Carbon Framework (ACCF) met this week to discuss the modalities of a common carbon market for the region, expecting to launch a pilot by Q4 2025.
Read MoreAramco launches first DAC pilot unit in Saudi Arabia
Saudi oil major Aramco has launched Saudi Arabia’s first CO2 direct air capture (DAC) test unit, with a capacity to remove 12 tonnes of CO2 per year, it has announced.
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