Major biochar project to get grant funding in Western Australia
One of the world’s largest biochar carbon removals projects is among the five recipients to receive a total A$33.6 million ($21.7 mln) in concessional grant funding from the government of Western Australia, according to an official announcement.
Read MoreChinese conglomerate launches climate tech innovation programme
A Chinese tech major on Tuesday launched the second phase of its carbon accelerator programme, calling on proposals for low-carbon innovations globally, with the purpose of providing funding and support to the tune of tens of millions of dollars.
Read MoreVerra suspends issuances from six ARR carbon projects in India, China
International carbon standard Verra has suspended credit issuance from six afforestation projects in India and China, and placed them on hold following stakeholder comments.
Read MoreIndian aluminium major teams up with global consultancy for carbon offset projects
India’s largest aluminium producing company has partnered with an auditing and consulting firm for carbon reduction projects and biodiversity conservation in the Indian state of Odisha.
Read MoreADB approves $500 mln loan to help Philippines implement NDC, adapt to climate change
The Asian Development Bank (ADB) has approved a $500-million policy-based loan to help the Philippines implement its Nationally Determined Contribution (NDC) and more broadly mitigate the effects of climate change.
Read MoreKenyan power firm to help build country’s carbon market framework
The Kenyan government has appointed Kenya Electricity Generating Company (KenGen) to the taskforce responsible for building the country’s carbon market framework.
Read MoreCOP29: India “in talks” with Singapore, South Korea for ITMO deals -sources
India is in talks with the governments of South Korea and Singapore to sign agreements on a framework for the transaction of Internationally Transferred Mitigation Outcomes (ITMOs) under Article 6 of the Paris Agreement, sources have told Carbon Pulse on the sidelines of COP29 in Baku.
Read MoreCOP29: Backslide in Baku as 1.5C wiped from mitigation text
A late-stage presidency text for the Mitigation Work Programme (MWP) has eliminated any mention of the Paris Agreement’s global warming limit goals, and repeated its exclusion of ‘fossil fuels’ or ‘renewables’ language, reversing course on last year’s landmark COP28 Global Stocktake (GST).
Read MoreCOP29: Fossil fuels transition dropped from hollowed-out deal on emission reductions
Large, heavy-emitting economies appear to be winning the battle over if and how the COP29 summit should push forward on last year’s landmark commitment to transition away from fossil fuels — raising alarm bells for many in Baku.
Read MoreCOP29: “Is it a joke?” — Climate finance splits persist as negotiators await new text
Developing countries have rebuffed the idea of a $200 billion annual climate finance target for wealthy government coffers, calling it a “joke” as ministers rushed to bridge persistent differences in the last stretch of COP29 negotiations on Wednesday.
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