Search Results for: carbon
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NEWS
Bboxx Launches $100 Million Pan-African Carbon Credit Program for Clean Technologies
Bboxx has achieved Gold Standard carbon credit certification for its clean energy projects in multiple countries in Africa, including Rwanda, Kenya, Togo, and the DRC. This recognition covers solar home systems, PAYGO clean cooking solutions, and solar-powered water pumps, collectively generating over 35,000 carbon credits annually. In total, the projects are expected to offset more than 20 million tons of…
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CLIMATE CHANGE
Accelerate Regulations to Boost Kenya’s Carbon Markets, Experts Urge
Kenya could earn billions of dollars from the global market in carbon credits but needs to finalise the regulations needed to achieve that potential. This is according to speakers at Diamond Trust Bank’s Sustainability and Economic Forum. Despite being the first country in Africa to enact Kenya Climate Change Act in 2016 to help tackle climate change, it amended the law in 2023 to include…
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CLIMATE CHANGE
CarbonPool closes $12m to underwrite the carbon credit markets
CarbonPool, the world’s first insurance company with a carbon credit balance sheet, has closed a $12 million funding round to underwrite the carbon credit markets. Founded by former Allianz executives Coenraad Vrolijk, Nandini Wilcke and Frederic Olbert, CarbonPool aims to accelerate investment in carbon credits, which are crucial to achieving net zero, by providing carbon credit insurance with claims payments…
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BRAND & SUSTAINABILITY
Kenya Power launches new sustainability strategy
Kenya Power has officially launched its Sustainability Strategy that will provide a roadmap for the entrenchment of sustainable business operations within the Company. The Strategy will drive the implementation of measures to reduce environmental carbon footprint, prioritisation of inclusivity and well-being of the Company’s stakeholders, responsible utilization of resources, and upholding of corporate and ethical practices. The Strategy also identifies…
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NEWS
Global climate leaders call for urgent overhaul of UN climate process
The global climate policy process is no longer fit for purpose and requires a comprehensive overhaul to ensure planetary stability and a liveable future for humanity. This is the urgent message of an open letter to the Member States of the UN and Executive Secretary of the UNFCCC Secretariat Simon Stiell, signed by a group of prominent scientists, advocates, and…
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EUROPE
OpenAirlines secures €45m imvestment to accelerate aviation industry’s ecological transition
OpenAirlines, a global provider of eco-flying software solutions, has announced a new milestone in its growth trajectory after raising €45 million from Eiffel Investment Group, leading the operation through its Eiffel Essentiel fund, with the backing of Mirova, a Natixis Investment Managers affiliate dedicated to sustainable investments. Both funds are leading the way in Europe’s energy transition. These two players…
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RENEWABLE ENERGY
Teraco commences construction on 120MW utility-scale solar power plant
Teraco has announced today that it has started construction of its 120MW utility-scale solar PV power plant in the Free State province of South Africa. In a world first for data centre operators, Teraco will own the 120MW solar PV plant and wheel the renewable energy to its data centres, with the plan to create its own sustainable energy source to power…
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NEWS
Climate finance and natural capital accounting by African countries top AfDB’s COP29 agenda
The world’s largest annual climate conference opens in Baku, Azerbaijan, on Monday, with African nations ramping up efforts to tackle climate change. At COP29, the African Development Bank (AfDB) aims to mobilize additional resources for climate action in Africa and launch a bold new approach to assessing African economies by including their “green wealth.” Organized by the United Nations Framework…
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CLIMATE CHANGE
[Peter Nalika] What Africa Should Demand at COP29
With COP29 around the corner, Africa aims to take a more assertive stance in advocating for technology-driven climate action. Building on the outcomes of COP28, Africa’s demands at this year’s conference should centre around advancing climate technology access, fostering local innovation ecosystems, and ensuring the continent’s unique needs and challenges are integral to global climate tech conversations. COP28’s Green Digital…
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CLIMATE CHANGE
COP29 – Climate Christmas in Azerbaijan
The festival season is upon us again. Shimmering lights, exotic foods, heartfelt greetings, people flying over from all around the world to be with family and friends, gifts and rewards, gala times, great conversations, and promises to do better this year. Like all its previous editions, COP29 guarantees all of this and much more under the presidency of H.E. Mukhtar…
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