EXCLUSIVE INTERVIEW: From C-Quest Capital’s ashes, a new Bridge is built
Senior executives and a major investor in beleaguered developer C-Quest Capital (CQC) have launched their own company, Bridge Carbon, acquiring CQC’s best projects as the firm is wound down after its founder was indicted on fraud charges.
Read MoreRedesigning payments for forest conservation could boost cost-effectiveness, researchers find
New research suggests that redesigned contracts in forest conservation programmes could significantly reduce deforestation at a fraction of the usual cost.
Read MoreClimate adaptation significantly underfunded in low-income, low-emission countries -report
Climate finance flows from multilateral development banks (MDBs) are falling short on adaptation support for low-income, low-emission countries, according to a new report released on Thursday.
Read MoreBRIEFING: Experts from vulnerable countries call for higher quality, wider range of climate financing
A consortium of think tanks focused on developing countries vulnerable to climate disasters called for enhanced quality and an expanded scope of funding sources in global climate finance ahead of COP29 in a webinar Thursday.
Read MoreGhana biochar producer receives finance to launch carbon removal project
A Ghana-based producer of biochar from coconut husks has received investment from a development finance institution to expand its business and to launch a carbon removal project in West Africa.
Read MoreAlliance of asset owners trims annual emissions and sets near-term targets
An alliance of large asset owners committed to reaching net zero has so far cut emissions by an average 6% per year since launching, with most members setting decarbonisation targets for 2025 in line with the Paris Agreement goals, according to the group’s latest progress report.
Read More1.6C warming achievable with faster clean tech adoption, report says
Limiting global warming to 1.6C will be a monumental task but achievable, as renewable capacity installations are smashing records and the costs of clean technologies are falling rapidly, according to an energy consulting firm.
Read MoreCOP16: Global South alliance signals biodiversity financing “not working for us”
A group of ministers from 20 countries in the Global South have published a statement seeking urgent action to boost biodiversity financing for developing countries, while flagging issues with the global fund intended to support them.
Read MoreOmbudsman says International Finance Corporation’s emissions rules are too weak
The World Bank Group’s International Finance Corporation (IFC) is failing to enforce its own greenhouse gas emission requirements with clients, which already fall short of what is needed to meet the Paris Agreement’s 1.5C temperature goal, the finance institution’s ombudsman warned.
Read MoreLiberia steps up plans to sell forestry credits under Paris Agreement
The densely forested west African country of Liberia is looking to harvest Internationally Transferred Mitigation Outcomes (ITMOs) under Article 6.2 of the Paris Agreement after signing a letter of engagement with the Coalition of Rainforest Nations (CfRN), it was announced Wednesday.
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