Aramco buys domestic carbon credits to lower shipment emissions
Saudi Aramco has purchased carbon credits from a compatriot carbon market participant to offset residual greenhouse gas (GHG) emissions from a shipment of Arabian light crude.
Read MoreRich-poor divisions threaten to delay and weaken next round of Paris pledges, report warns
A growing rift between developing and developed countries over how to interpret last year’s Global Stocktake of Paris Agreement progress, and ongoing negotiations over a new climate finance goal, threaten to delay and weaken the third generation of national pledges, a think-tank warned on Wednesday.
Read MoreINTERVIEW: Sovereign funds fit early-stage green hydrogen investment needs
A number of high-profile green hydrogen investment announcements by Saudi and Emirati sovereign funds in recent months could be a win-win, rather than a driver of interregional competition, a European green industrial transformation and geopolitics advisor told Carbon Pulse.
Read MoreFirst trade of new Egyptian voluntary carbon market likely this week -media
Egypt’s new voluntary carbon market (VCM) trading platform will likely see its first carbon credit trade occur this week, between an agricultural collective seller and a food processing company buyer, according to local media.
Read MoreFEATURE: Egypt’s Article 6 bet could cash in, but doubts remain around additionality
Egypt is slated to receive $6 billion in loans from the World Bank by 2027 contingent in part on meeting Article 6 carbon trading infrastructure milestones – but the North African country’s proclivity for renewables projects could compromise credible additionality.
Read MoreEgyptian voluntary carbon market opens for trading, awaits first deals -media
Egypt’s long-awaited voluntary market (VCM) is ready to start trading, and the Egyptian Stock Exchange (EGX) is currently awaiting the execution of its very first deals, according to local media reports.
Read MoreClimate tech startup secures $10 mln to expand water-based CDR technology
An Israeli climate tech startup has completed a seed funding round to scale and deploy its water-based CO2 removal (CDR) technology. This latest round brings the total funding raised by the company to $10 million.
Read MoreAlgeria sets sights on CCS to lower national carbon footprint -media
Algeria’s government and private sector are looking to carbon capture and storage (CCS) to counterbalance emissions from oil and gas production, with an eye to minimising the impact of the EU’s Carbon Border Adjustment Mechanism (CBAM), according to local media sources.
Read MoreAzerbaijan launches Climate Finance Action Fund with initial target of $1 bln
Azerbaijan has today announced the launch of the Climate Finance Action Fund (CFAF), initially targeting $1 billion in financing from fossil fuel producing countries and companies, and half of the capital to go towards climate projects in developing countries.
Read MoreEON subsidiary to present carbon crediting plan for battery storage projects at COP29
A subsidiary of large European energy firm EON plans to present a plan for crediting emissions reductions from battery storage projects at COP29 in November.
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