Development banks pledge $12 bln for land degradation
Financiers, mostly development banks, at the UN desertification conference COP16 in Riyadh, Saudi Arabia this week have committed $12 billion towards drought resilience, land restoration, and combatting land degradation.
Read MoreCanadian tech company partners with Saudi firms to produce low-carbon concrete
A Canadian tech company has collaborated with a concrete producer and a gas distributor in Saudi Arabia to produce low-carbon materials by incorporating captured CO2, the companies announced this week.
Read MoreLufthansa expands carbon credit, SAF scheme to international flights
The Lufthansa Group will extend its sustainable “green” travel tariff to long-haul flights, the German company announced on Wednesday, expanding a scheme that currently helps finance sustainable aviation fuels (SAF) and carbon projects.
Read MoreSaudi Aramco partners with Danish firm to scale low-carbon hydrogen technology
Danish CO2 reduction company Topsoe has partnered with Saudi oil giant Aramco to develop and commercialise low-carbon hydrogen technology, the two companies announced on Wednesday.
Read MoreUAE considers carbon tax, cap-and-trade emissions scheme -Bloomberg
The United Arab Emirates (UAE) are considering implementing a compliance carbon scheme similar to the EU ETS, as well as an emissions levy, according to sources familiar with the matter, as reported by Bloomberg.
Read MoreCOP29: Reactions to the new Baku Finance Goal, Article 6 deal
Here are selected party, stakeholder, and expert reactions to the New Collective Quantified Goal on climate finance (NCQG), dubbed the Baku Finance Goal, as well as the agreement on Article 6 reached at the COP29 climate summit, which wrapped up early Sunday.
Read MoreINTERVIEW: AI-powered building optimisation can cut energy use by 20-30%
AI-powered building optimisation can boost energy efficiency by 20-30% at a fraction of traditional capital expenses, an executive at a Lithuanian proptech startup has told Carbon Pulse.
Read MoreZefiro plugs first gas well in Oklahoma, eyes expansion in US, Middle East
Zefiro Methane Corp. announced on Monday that its subsidiary Plants & Goodwin (P&G) has completed the company’s inaugural gas well remediation project in Oklahoma.
Read MoreCOP29: Norway signs slate of Article 6 agreements through new $740 mln funding facility
The Norwegian government is signing agreements with four developing countries in Baku through a new Article 6 financing initiative in support of the Nordic country’s national and UN climate targets.
Read MoreFEATURE: Vertical farms in UK, Saudi Arabia grow trees fast, aiming to generate carbon credits
Vertical farm developers in England and Saudi Arabia say they can grow trees faster and healthier than with conventional methods. The companies aim to generate credits from reforestation, with oil companies and data centres among the potential first buyers.
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