Sustainable Development
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NEWS
FarmCarbon Closes $53 Million to Bring Climate Finance to Smallholder Farmers Across Africa and Asia
A new climate finance vehicle designed to put clean energy technology in the hands of smallholder farmers has closed its first round of funding, marking one of the most ambitious attempts yet to channel institutional capital into agricultural methane reduction in the developing world. Sistema.bio announced on March 17 that it had closed $53 million in initial funding for FarmCarbon,…
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CLIMATE CHANGE
France, Kenya, and Others Push for Tax on Wealthy Air Travelers to Fund Climate Action
A group of countries, including France, Kenya, Barbados, and Spain, have launched a global coalition aimed at taxing wealthier air passengers to help fund climate action in developing nations. The initiative, announced by the French presidency during a climate finance summit, is designed to raise sustainable revenue for countries most affected by climate change but least responsible for it. The…
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