Monday, 24 February 2025

Focus on United Nations

Governments are currently trying to iron out a new global finance climate agreement at Cop29 (Rafiq Maqbool/AP)
ChemicalsClimate FinanceGreen SteelHydrogenNewsPoliticsStorageTransmissionVoluntary Carbon Markets (VCMs)

Energy projects in developing countries to receive £79m in UK climate finance

The money comes under the UK’s existing pledge to spend £11.6 billion in climate finance over five years up to 2026.

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Innovative Baker Hughes Emissions Abatement Solution Chosen to Reduce Routine Flaring at SOCAR’s Baku Oil Refinery

Baker Hughes to deliver integrated gas recovery and hydrogen sulfide (H2S) removal system Solution expected to recover flare gas equivalent up to 7...

News ReleaseClimate FinanceEmissions MarketsVoluntary Carbon Markets (VCMs)

Verra’s REDD Methodology and Jurisdictional and Nested REDD+ Framework Secure ICVCM Approval

Approvals set a new benchmark for integrity in forest conservation, enabling the integration of project- and jurisdictional-level efforts, and empowering buyers to invest...

The Government has confirmed it will introduce legislation to restrict new coal mines (John Giles/PA)
CoalLegislationMiningNewsPoliticsRegulations

UK government to ban new coal mining schemes as country turns to clean energy

There may be limited exceptions to the ban for “safety or restoration purposes.”

A deal to provide the $1 trillion a year experts say is needed by 2030 for climate action in developing countries is the top priority at COP29 (AFP)
ClimateClimate FinanceNewsPolitics

Climate finance: who is being asked to pay what at COP29?

Of the annual $2.4 trillion needed, an estimated $1.4 trillion will need to come from developing countries themselves.

Signage is seen at the JPMorgan Chase & Co. New York Head Quarters in Manhattan, New York City, U.S., June 30, 2022. REUTERS/Andrew Kelly/File Photo
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JPMorgan gives green energy finance ratio for the first time

Banks are increasingly under pressure from investors to show how they are helping clients in the transition to clean energy.

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Clarity AI Joins Institutional Investors Group on Climate Change (IIGCC), Strengthening Its Role in Shaping Sustainable Investment Through Data and Expertise

LONDON--(BUSINESS WIRE)--Clarity AI, the leading global sustainability tech company, announced today during COP29 that it has become an associate member of the Institutional...

Members of Brazilian Institute for the Environment and Renewable Natural Resources (IBAMA) fire brigade work to extinguish a fire rising in Amazon rainforest in Apui, Amazonas state, Brazil, August 8, 2024. REUTERS/Adriano Machado/File Photo
BusinessClimateEmissionsEmissions MarketsEnvironmentNewsVoluntary Carbon Markets (VCMs)

Brazil’s Tocantins state to offer $430 million in carbon credits

The value and number of carbon credits is contingent on the state successfully reducing deforestation.

Activists participate in a demonstration for climate finance at the COP29 U.N. Climate Summit, Thursday, Nov. 14, 2024, in Baku, Azerbaijan. (AP Photo/Peter Dejong)
ClimateClimate FinanceEmissionsNewsPolitics

For 3rd straight year, no improvement in Earth’s projected warming

Earth remains on a path to be 2.7 degrees Celsius warmer than pre-industrial times, according to Climate Action Tracker.

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