US-based carbon credit firm signs MoU with DRC province for offset projects
A carbon credits trading firm based in Massachusetts has signed a Memorandum of Understanding (MoU) with a regional government in the Democratic Republic of Congo (DRC) that aims to attract revenue locally to develop agricultural projects and implement regenerative farming practices.
Read MoreClimate tech funding round launched to develop GHG removal solutions
Singapore bank DBS launched has launched with a host of partners the second cycle of the Sustaintech Xcelerator initiative, a funding programme kickstarted last year that aims to accelerate the development of climate tech solutions to help businesses reduce their GHG emissions, it was announced on Tuesday.
Read MoreStartup raises $4.8 mln to scale up emissions-saving AI tech for heavy industries
A UK-based climate tech startup has raised £4.2 million ($4.76 mln) in seed funding to scale up the development and deployment of software to reduce emissions in energy-intensive industries such as cement, it was announced on Monday.
Read MoreTonga appoints Singapore firm to study, develop blue carbon potential
The Pacific island nation of Tonga has appointed a Singapore-headquartered firm as its private sector partner for the study and development of blue carbon projects, it was announced.
Read MoreShell taken to consumer, advertising tribunals in Australia for alleged greenwashing
An Australian legal non-profit that advocates on environmental issues has referred Shell in Australia to corporate and advertising regulators for alleged misleading or deceptive statements about the climate impact of its products and operations, it announced on Friday.
Read MoreShell teams up with three companies to develop massive China “open source” CCUS project
Oil major Shell has partnered with Chinese national oil company Sinopec, steelmaking giant Baowu, and chemicals company BASF to explore the feasibility of developing an “open source” CCUS project in eastern China that could potentially handle “tens of millions” of tonnes of CO2 annually, the partners announced on Friday.
Read MoreThailand boosts 2030 emissions target to 30% cut from BAU scenario, sees role for Article 6 cooperation
Thailand has raised its 2030 climate target in its 2nd updated NDC submitted to the UNFCCC this week, with the revised commitment also stating that the Southeast Asian country’s aims to reach carbon neutrality by 2050 and net zero emissions by 2065.
Read MoreOver 90% of top global companies will miss climate targets without picking up pace of emissions reduction, consultancy warns
The share of the world’s largest companies committing to a net zero target has increased to one-third, but some 93% of them will miss their long term climate goals if they do not at least double the pace of their emissions reduction by 2030, a report has found.
Read MoreG20 finance for fossil fuels slumped in 2019-21 but still nearly double than for clean energy -report
G20 countries and multilateral development banks (MDBs) provided at least $55 billion per year in international public finance for oil, gas, and coal projects between 2019-21, nearly twice as much as was provided by from those sources for clean energy over the same period, a report from non-profit climate groups revealed on Tuesday.
Read MoreOil and gas companies improving in methane measurement, reporting, but need to step up efforts -report
Oil and gas companies are showing improvement in their measurement and reporting of methane, but efforts by the industry need to accelerate so that emissions of the potent greenhouse gas can be reduced quickly enough to align with a 1.5C pathway by 2030, a report released this week said.
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