LCAW26: Ministers look to scale forest financing ahead of COP31
Government officials set out their priority actions for scaling forest finance ahead of of November’s COP31, with a minister from Ghana sharing ambitions to ramp up forest financing “from millions to billions” during a London Climate Action Week event on Tuesday.
Read MoreInvestor guide to corporate climate goals updated to check for real world action
Academics at Oxford University have updated guidelines to help investors engage with companies to reflect the increasing complexity of meeting carbon reduction goals.
Read MoreGovernments join push to scale CORSIA credit supply ahead of 2027 demand
Five governments have joined an aviation carbon market alliance aimed at scaling the supply of eligible carbon credits for international airlines, as the sector looks to meet expected demand of up to 250 million emissions units by spring 2027.
Read MoreNature-based solutions fund raises €124 mln in first close
A new fund aiming to scale up nature-based solutions has raised €124 million in a first close, with a target of sequestering at least 7 mln tonnes of CO2 over 25 years.
Read MoreForest projects sequester carbon but fall short on biodiversity, ecosystem health -study
Most forest carbon projects analysed by a group of researchers failed to improve the wider ecological health of the land they cover, even when they succeeded in reducing deforestation, according to a new study.
Read MoreEthiopia drafts bill to include banking sector in carbon markets -local media
Ethiopia’s legislature is reviewing a draft Carbon Market Proclamation that would permit local commercial banks and financial institutions to participate directly in carbon trading, local daily Ethiopia Today reported.
Read MoreLCAW26: UN ramps up pressure on high methane-emitting sectors
The UN is launching a new push to tackle methane emissions, putting pressure on the sectors most responsible for the potent greenhouse gas – fossil fuels, waste, and agriculture, Secretary-General Antonio Guterres announced in London on Tuesday.
Read MoreLCAW26: BRIEFING – AI surges to top concern in efforts to stem climate change
AI is the new bugbear for efforts to tackle climate change, fuelling concerns about its surging demand for energy, water, and land – despite the potential benefits it can bring, according to experts.
Read MoreUK forestry firm launches $115-mln Ghana reforestation fund
A UK‑based forestry company has announced the launch of a $115‑million Alternative Investment Fund (AIF) to finance large‑scale commercial hardwood plantations in Ghana’s Afram Headwaters Forest Reserve.
Read MoreClimate finance won’t meet minimum needs until 2030s as growth rate slows, report warns
Global climate finance flows neared $2.1 trillion last year, but will not meet minimum requirements for mitigation until “well into” the 2030s, as the annual rate of acceleration has dropped significantly, a report warned on Tuesday.
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