Majority of countries ramping up renewables ambition in updated NDCs -report
A total of 15 of the 19 countries that have submitted updated Nationally Determined Contributions (NDCs) under the Paris Agreement are planning to increase their renewable energy ambition ahead of 2035, according to a report by two non-profit research and campaign groups.
Read MoreAramco launches first DAC pilot unit in Saudi Arabia
Saudi oil major Aramco has launched Saudi Arabia’s first CO2 direct air capture (DAC) test unit, with a capacity to remove 12 tonnes of CO2 per year, it has announced.
Read MoreIMF-Morocco deal wraps up without implementing CO2 tax
Morocco has delayed introducing a long-awaited carbon tax that was expected to be part of a $1.2 billion financing deal with the North African country, the International Monetary Fund (IMF) has revealed.
Read MoreSaudi, Finnish firms team up to use microalgae carbon capture solutions across Middle East and India
A carbon advisory firm headquartered in Saudi Arabia has partnered with a Finland-based cleantech company to deploy integrated microalgae-sequestered carbon capture technology across the Middle East and India.
Read MoreNet-Zero Banking Alliance in talks to raise warming target above 2C, says former member
The world’s largest alliance of net zero-committed banks is considering rolling back its mitigation target to just above 2C, from 1.5C at present, a former member said at an event in New York on Monday.
Read MoreBahrain officials propose carbon pricing in national budget package
Bahraini representatives in charge of the General Budget (2025-26) have proposed a carbon pricing system for businesses to support financial sustainability and achieve the country’s goal for net zero emissions.
Read MoreAustralia may miss green iron opportunity, think tank says
The world’s largest iron ore exporter may miss the jump on greening its product into a higher-quality product thanks to lower gas supplies and high gas prices, a think tank has suggested.
Read MoreAramco Ventures backs startup Ucaneo to scale DAC tech
Berlin-based direct air capture (DAC) startup Ucaneo has secured investment from Aramco Ventures, the venture capital arm of Aramco, to advance its technology.
Read MoreINTERVIEW: Interactive map platform to help decarbonise agribusiness launches
A Swiss startup on Wednesday launched a free web platform that leverages publicly available geospatial data to create interactive, high-resolution maps of land use change emissions factors, aiming to help decarbonise agribusiness in line with GHG Protocol and Science Based Targets initiative (SBTi) guidelines.
Read More‘Water-positive’ DAC startup raises $27.5 mln in Series A, project funding
A startup specialising in water recovery and carbon removal technologies has secured $27.5 million in Series A and project funding.
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