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.
African leaders hold first Africa Climate Summit
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.
First ‘Debt-For-Nature’ swap complete in Gabon
Bank of America Corporation completed its first debt-for-nature transaction, which involved the refinance of USD 500 million of Gabon’s sovereign debt.
Guyana wants carbon credit price to be USD 70 per tonne
President Irfaan Ali articulated the nation’s ambition to drive the carbon credit price to USD 70 per tonne.
Zimbabwe to take 30% of carbon credit revenue
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 to take 30% of carbon credit revenue
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 to take 30% of carbon credit revenue
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 to take 30% of carbon credit revenue
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 to take 30% of carbon credit revenue
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 to take 30% of carbon credit revenue
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 to take 30% of carbon credit revenue
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 ‘debt-for-nature’ swap delayed amid market volatility
Gabon has delayed a bond buyback that will kick off a $500m 'debt-for-nature' swap, Africa's first with international sovereign bonds.
African Development Bank and UNEP partner on biodiversity
The African Development Bank and the UN Environment Programme are joining forces to implement the Kunming-Montreal Global Biodiversity Framework in Africa.
Africa ‘only’: Zuma’s Belarus carbon credit push fails
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.
Malawi orders review of all carbon credit projects
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 to launch USD 1b green hydrogen fund
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.
Nigeria signs MoU on management of carbon registry
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.
Gabon enters debt-swap agreement over $500m
Bank of America will arrange the $500m debt swap for marine conservation project development in Gabon.
First credits for Sub-Saharan African electric cookstoves issued
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 announces 2050 net zero targets
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.
DRC signs Jurisdictional REDD+ agreement for peatlands
Equateur Province in the Democratic Republic of Congo (DRC) announced a 25-year Jurisdictional Nested REDD+ agreement for the protection of its peatlands .
Kenya seeks $4.5Bn to plant 15 billion trees in 10 years
The government is exploring various ways to mobilise resources to grow 15 billion trees with an estimated 10-year budget of Sh600Bn ($4.5Bn).
Finance is the key climate issue for new Nigerian president
Newly-elect President Bola Tinubu has said that without climate finance from rich nations, Nigeria would "not comply with your climate change”.
Rwanda to announce carbon credit offerings in April 2023
Rwanda will announce its offering on the carbon market in April following ongoing consultations, Minister of Environment Jeanne d'Arc Mujawamariya said.
Malawi’s government pursues carbon trading
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 approves EACOP construction amidst protests
Tanzania's regulator has approved the East African Crude Oil Pipeline (EACOP) project, allowing construction to begin.
Federal government to unveil carbon tax system for Nigeria
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.
Kenyan government set to establish climate finance bank
The institution - to be referred to as Kenya Green Investment Bank (KeGIB) - will incentivise private sector investments in 'green' projects.
Africa Carbon Markets Initiative announces 13 action programs
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.
Ethiopia working towards net zero emissions by 2050: PM
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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