CLIMATE CHANGE
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Green Climate Fund approves $151 million for AfDB’s climate resilience programme
The Green Climate Fund has approved $151 million in financing for a major resilience programme supported by the African Development Bank (AfDB) to address climate vulnerability in the Horn of Africa. The approval was granted at the Fund’s 39th Board meeting and comprises a $90.7 million grant and a $60.3 million loan. The financing will support the Bank Group’s “Building Climate…
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AJEN Roundtable Focuses on Sustainable Journalism Education
The 2024 African Journalism Education Network (AJEN) has convened participants across Africa to explore innovative approaches to teaching journalism across African institutions of higher learning, emphasizing the need for curricula that equip students with the skills to produce high-quality, ethical, and sustainable content. This conference brings together leading academics, journalists, and policymakers from around the globe to discuss the pivotal role of…
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Daniella Nyakuraya: Ways The Kenyan Real Estate Sector Can Tap Into The ESG Agenda To Make An Impact
Since the Environmental, Social, and Governance (ESG) concept started taking shape, there have been various campaigns encouraging businesses globally to adopt more sustainable business practices, pushing them to shift their attention from product and service delivery to sustainability. Despite ESG reporting not having gained much traction in Kenya, we are gradually incorporating it into company standards. The Kenya Companies Act of…
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NCBA Plants 10,000 Trees In Nakuru County To Mark World Environment Day
NCBA has today partnered with Baboon Project Kenya for a tree planting drive across Nakuru. The initiative is part of NCBA’s commitment to environmental sustainability including combating climate change, enhance biodiversity, and restore natural landscapes in Kenya and in line with this year`s World Environment Day theme: Focusing on land restoration, desertification and drought resilience. The Baboon Project Kenya is…
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Hamburg-based Novocarbo raises €25m funding to catalyze Europe’s net zero infrastructure
Hamburg-based startup Novocarbo, has secured €25 million in growth funding to establish a pan-European infrastructure network of its net-zero solution. The investment, made by SWEN Capital Partners (SWEN CP), marks one of the largest CDR-investments in Europe within the last year. With the new financing through the SWEN Impact Fund for Transition 2 fund, Novocarbo will further expand its network…
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Uptake Alliance announces inaugural cohort of 15 climate-tech startups
Uptake Alliance, an emerging venture development program dedicated to fostering breakthrough climate technologies, has announced the selection of its inaugural startup cohort. The innovation program, designed to facilitate and propel startups to secure commercial agreements, boost revenue, assemble exceptional teams, and secure funding, launches later this month. The program will feature an extensive and bespoke curriculum, mentorship from industry experts,…
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Epson on CDP A List for Tackling Climate Change
Epson Corporation has been placed on the A list for its achievements in tackling climate change and water security by Carbon Disclosure Project [CDP], the international environmental organisation. CDP is an independent not-for-profit charity that runs the global environmental disclosure system. Each year, it encourages companies to measure and manage their risks and opportunities related to climate change, water security and deforestation. CDP…
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World Vision Initiative Regreening Africa Honored as UN World Restoration Flagship,
The United Nations Environment Programme (UNEP) and the Food and Agriculture Organization of the United Nations (FAO) have named Regreening Africa Initiative among other six initiatives as United Nations World Restoration Flagships. The recognition makes the initiative eligible for technical and financial support from the UN. The announcement comes ahead of the 6th session of the United Nations Environment Assembly (UNEA-6),…
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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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Controlled environment agriculture startup Hippo Harvest announces $21m Series B funding to scale next-generation greenhouse platform
Hippo Harvest, a Controlled Environment Agriculture (CEA) startup developing advanced greenhouse systems that produce sustainably-grown produce, has announced the close of its $21 million Series B funding round led by Standard Investments. Congruent Ventures, Amazon’s Climate Pledge Fund, Hawthorne Food Ventures, and Energy Impact Partners also participated in the round. The funding will be used to scale the company’s greenhouse operations and to…
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