Electric cookstove maker receives cash injection from European Investment Bank
A cookstove manufacturer and project developer has secured $15 million from the European Investment Bank (EIB) to scale electric cooking in east Africa, avoiding 12 million tonnes of carbon emissions over a period of five years.
Read MoreClean Cooking Alliance lays off staff, loses donor funding amid challenging conditions
The Clean Cooking Alliance (CCA), which leads global efforts to promote clean cooking technologies, has laid off a number of its staff and lost donor funding as a result of broader financial difficulties in the voluntary carbon market, Carbon Pulse has learned.
Read MoreDraft COP29 negotiating text sets out three options for global climate finance
The latest version of the new global climate finance goal due to be agreed at COP29 sets out three options for structuring the headline target, including the transfer of trillions of dollars per year from wealthy to poor countries, or a wider annual investment sum from public and private sources.
Read MoreCOP16: Mining a key driver of tree cover loss in tropical primary rainforests, Indigenous land -report
Mining has increased by 52% since the turn of the century due to surging demand for metals and minerals, exerting an outsized impact on tree cover loss in tropical primary rainforests and in Indigenous and local community territories, according to a new report by a non-profit.
Read MoreBRIEFING: IMF falls short on climate finance and needs reforms, world leaders say
Leaders of countries most vulnerable to the impacts of climate change called on the International Monetary Fund (IMF) to reform its programmes to better support climate resilience and sustainable development during a panel Tuesday.
Read MoreFEATURE: Clean cooking sector on tenterhooks after alleged fraud slips past VCM quality checks
Inconsistencies in the verification of clean cookstove initiatives developed by C-Quest Capital, which saw its former executives charged with fraud earlier this month by US federal prosecutors, have sent shockwaves across the voluntary carbon market (VCM) ahead of crucial integrity decisions concerning this project type.
Read MoreFinancial GHG emissions accounting protocol steps up efforts in MENA region
An industry-led greenhouse gas emissions accounting protocol for financial institutions, used by public sector and civil society decarbonisation standards, is expanding into the Middle East and North Africa, it announced on Wednesday.
Read MoreOff-grid solar provider selected for World Bank-backed project in Kenya
A San Francisco-headquartered off-grid solar provider has been chosen to participate in a World Bank-funded government programme in Kenya that aims to boost the adoption of off-grid solar home system and clean cookstoves in rural counties, the company announced on Tuesday.
Read MoreUp to $41 bln in World Bank climate finance is unaccounted for, Oxfam reveals
Up to $41 billion in World Bank climate finance, almost 40% of the total funds the institution has disbursed over the past seven years, is unaccounted for, according to a new report by Oxfam published on Thursday.
Read MoreAfrican biodiversity credit market needs fair prices and regulations to scale, report says
The biodiversity credit space in Africa could evolve from a small-scale market to a ‘nature economy superpower’ if clear regulations and fair prices are implemented, as progress in monitoring and transparency are proving the continent’s potential, a Swiss-headquartered non-profit said.
Read More