NEWS
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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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COP29: SEforAL and IBM Unveil AI Solutions for Energy and Urban Growth
At COP29, IBM and Sustainable Energy for All (SEforALL) unveiled new AI-powered solutions to support sustainable urban development globally. The two said in a statement that these publicly available tools help policymakers and decision-makers map urbanization and address energy and infrastructure needs in developing regions. “At IBM, we’re proud to launch solutions that harness the power of artificial intelligence to…
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Oslo-based Glint Solar closes $8m to accelerate global solar power adoption
Oslo-based solar developer software Glint Solar, has secured $8 million Series A funding round led by Smedvig Ventures with participation from Momentum, Futurum Ventures, and Antler. The solar power industry has seen record growth over the last few years, with the annual global solar PV capacity increasing by 87% between 2022 and 2023. However, more still needs to be done to…
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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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KCB Group CEO among 100 Global CEO feted for Championing Sustainability
Four Kenyan business leaders are among 100 global recipients of the 2024 Meaningful Business 100 (MB100) award, which recognises leaders who transform their businesses to benefit society and generate profits. The four honorees stood out as national role models in sustainability and impact-driven innovation. The 2024 Kenyan MB100 awardees include: Paul Russo, CEO, KCB Group Lucy Mutinda, Founder & CEO,…
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UK startup Naturbeads secures £7.8m funding to address worldwide microplastic pollution
UK startup Naturbeads has secured £7.8 million Series A funding round to further develop its pioneering technology that addresses worldwide microplastic pollution. Eos Advisory led the round alongside existing investor Progress Tech Transfer, and new investors CDP Venture Capital through its Corporate Partners I Fund, PI-NB, and Paragon Capital Management in Singapore through its early-stage VC fund, Paragon Ventures I.…
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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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(B)energy Relaunches Africa-Focused Clean Cooking Solution
Africa-focused biogas company (B)energy has re-launched BiogasUnite, a digital platform designed to boost the use of biogas for clean cooking in Africa. The platform was launched during a technical workshop at African Energy Week: Invest in African Energies 2024 last week. Katrin Puetz, Founder and Managing Director of (B)energy, said the company is seeking £780,000 from African and global investors…
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Can AI help us better prepare for climate-related disasters in Kenya?
After years of drought, the sudden arrival of heavy rain that began in Kenya late last year seemed like a long-awaited turn in fortune. However, as the rain continued to fall, the celebrations quickly turned into a nightmare, with people swept away and homes completely inundated. Indeed, for many in Kenya the catastrophic floods that shook the nation earlier this…
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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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