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Consortium of investors has committed to investing $3.4mn to support growth of French start-up Zembo’s electric motorcycle business in the capital of Uganda.
Over 63mn voluntary carbon credits have been retired by projects in African countries with forestry and land use activities accounting more than half of transactions.
The COP26 conference finished 26 hours late on November 13, with a last-minute intervention by India watering down the final agreement’s commitment on coal.
An initial assessment by Climate Action Tracker of the impact of the Glasgow sectoral announcements for methane, coal, forests and transport show they would reduce the 2030 emissions gap between current government action and a 1.5C pathway by 9%.
The UK government has announced GBP27.5mn ($37.1mn) of seed funding to support the UK Urban Climate Action Programme in a bid to tackle climate change and reduce emissions in cities in Africa, Asia and Latin America.
UN Secretary-General António Guterres told the COP26 summit that much work remains to be done to fill the emissions gap and the finance and adaptation gap, despite welcoming the agreements on forests, methane and coal made so far.
November 10 was Transport Day at COP26 in Scotland, and parts of the automotive industry had pledged to end the sale of petrol and diesel cars and vans by 2035 in leading markets and by 2040 across the globe.
COP26 has come up with a first draft agreement that calls on governments to improve substantially by the end of 2022 their emissions reduction targets and long-term strategies for reaching net zero.
The first week of COP26 was dominated by grand statements by governments, and a number of sector-specific targets covering methane, coal and deforestation.
The UN’s COP26 climate conference in Glasgow has seen development banks from around the world come together to outline their contributions to a low-carbon future. Robust financial infrastructure is key to a just and efficient transition.
Savannah Energy, a UK-based independent active in Nigeria and Niger, says its Accugas subsidiary has started selling natural gas to FIPL Afam, a thermal power plant (TPP) owned by First Independent Power Ltd (FIPL) of Nigeria.
Offshore wind is closing the gap on oil and gas investments and is forecast to surpass them in “several key markets” by 2030, according to a new Rystad Energy analysis.
South Africa, India, Indonesia and the Philippines are to receive up to $2.5bn of climate financing from the World Bank’s Climate Investment Funds (CIF) in a bid to advance a just transition from coal power to clean energy in emerging economies.