New clean cooking partnership to invest USD 100m
The new Partnership Platform for Clean Cooking Finance announced at the Africa Climate Summit aims to mobilize US $100 million for clean cooking by 2026.
The new Partnership Platform for Clean Cooking Finance announced at the Africa Climate Summit aims to mobilize US $100 million for clean cooking by 2026.
African leaders have stopped short of calling for a phase-out of fossil fuels in a joint declaration that forms the basis of their negotiating position at COP28.
Bank of America Corporation completed its first debt-for-nature transaction, which involved the refinance of USD 500 million of Gabon’s sovereign debt.
President Irfaan Ali articulated the nation’s ambition to drive the carbon credit price to USD 70 per tonne.
Zimbabwe will allow developers of carbon credits to keep as much as 70% of the proceeds for the first decade of the project, with 30% paid as an environmental levy.
Zimbabwe will allow developers of carbon credits to keep as much as 70% of the proceeds for the first decade of the project, with 30% paid as an environmental levy.
Zimbabwe will allow developers of carbon credits to keep as much as 70% of the proceeds for the first decade of the project, with 30% paid as an environmental levy.
Zimbabwe will allow developers of carbon credits to keep as much as 70% of the proceeds for the first decade of the project, with 30% paid as an environmental levy.
Zimbabwe will allow developers of carbon credits to keep as much as 70% of the proceeds for the first decade of the project, with 30% paid as an environmental levy.
Zimbabwe will allow developers of carbon credits to keep as much as 70% of the proceeds for the first decade of the project, with 30% paid as an environmental levy.
Zimbabwe will allow developers of carbon credits to keep as much as 70% of the proceeds for the first decade of the project, with 30% paid as an environmental levy.
Gabon has delayed a bond buyback that will kick off a $500m 'debt-for-nature' swap, Africa's first with international sovereign bonds.
The African Development Bank and the UN Environment Programme are joining forces to implement the Kunming-Montreal Global Biodiversity Framework in Africa.
Zimbabwe has thrown into doubt the fate of 2m Russian offsets that a Belarusian trade associate said it would list on the country's new exchange.
Michael Usi, a Malawian cabinet minister with responsibility for the environment, said he has ordered a review of all carbon credit projects in the country.
South Africa has reached an agreement to launch a USD 1 billion blended finance fund to help accelerate the development of the green hydrogen sector in the country.
The Nigeria Sovereign Investment Authority and its National Council on Climate Change signed a Memorandum of Understanding to develop a climate change framework to provide guidelines for regulating emissions.
Bank of America will arrange the $500m debt swap for marine conservation project development in Gabon.
UpEnergy, a social enterprise from Uganda, announced it has issued the world's first credits linked to emission savings from the use of electric clean cooking devices.
Absa Group, Africa’s largest funder of renewables, announced today its long-term ambition to reach net zero by 2050 for scope 1, 2, and 3 emissions.
Equateur Province in the Democratic Republic of Congo (DRC) announced a 25-year Jurisdictional Nested REDD+ agreement for the protection of its peatlands .
The government is exploring various ways to mobilise resources to grow 15 billion trees with an estimated 10-year budget of Sh600Bn ($4.5Bn).
Newly-elect President Bola Tinubu has said that without climate finance from rich nations, Nigeria would "not comply with your climate change”.
Rwanda will announce its offering on the carbon market in April following ongoing consultations, Minister of Environment Jeanne d'Arc Mujawamariya said.
President Lazarus Chakwera wants Malawi to produce 5 million carbon credits per year to mobilize up to MK 104Bn ($100m) and support over 250,000 jobs.
Tanzania's regulator has approved the East African Crude Oil Pipeline (EACOP) project, allowing construction to begin.
Nigeria’s Climate Change Council has announced plans to unveil a carbon taxing policy in accordance with the provisions of the Climate Change Act 2021.
The institution - to be referred to as Kenya Green Investment Bank (KeGIB) - will incentivise private sector investments in 'green' projects.
The ACMI, launched at COP27, aims to scale the voluntary carbon market in Africa to 300m credits being retired annually by 2030, and 1.5Bn credits annually by 2050.
Prime Minister Abiy Ahmed confirmed that Ethiopia has developed along-term net zero and climate resilient 2050 strategy to support the country's decarbonisation.
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