New global climate 'loss and damage' fund names first director 23/9/2024

The board of The Fund for Responding to Loss and Damage to help countries ravaged by climate-driven disasters named Senegalese finance specialist Ibrahima Cheikh Diong as its first director, the UN Framework Convention on Climate Change announced on Saturday. ...more

US to award $3 billion to 25 projects for battery manufacturing sector 23/9/2024

The U.S. Energy Department said Friday it plans to award $3 billion to 25 battery manufacturing sector projects in 14 states as the Biden administration works to shift the supply chain away from China. ...more

Scant green premium stalls over 450 low-carbon projects, analysis shows 23/9/2024

High-emitting industries are struggling to finance more than 450 large-scale low-carbon projects, with demand for green products still too weak to justify investment, according to data from the Industrial Transition Accelerator (ITA), a UN-backed initiative. ...more

World Bank climate finance reaches record $42.6 bln in fiscal 2024 23/9/2024

The World Bank Group said on Thursday it delivered a record $42.6 billion in climate finance during fiscal 2024, a 10% increase over the $38.6 billion the prior year and close to its target of a 45% share of total financing devoted to climate projects. ...more

UK public washing their clothes too often, says major laundry brand 23/9/2024

A company that sells cleaning products is giving customers some surprising advice: wash your clothes less. ...more

Environment Agency–Abu Dhabi, in Partnership with the Ministry of Climate Change and Environment and Emirates Nature-WWF, Launches National Guidelines for Mangrove Restoration 20/9/2024

In line with Abu Dhabi Mangrove Initiative (ADMI), the Environment Agency–Abu Dhabi (EAD), in collaboration with the Ministry of Climate Change and Environment (MOCCAE) and Emirates Nature-WWF, launched a first-of-its-kind ‘Guidelines for Mangrove Restoration in the UAE’. ...more

Fossil fuel firms 'spent £4bn on sportswashing' says report 20/9/2024

Fossil fuel companies have invested more than £4bn in sports sponsorship "in an attempt to divert attention from their role in fuelling the climate crisis and harming human health”, according to a new report. ...more

‘Vast’ carbon sink of mud on seabed needs more protection, study shows 20/9/2024

Landmark research finds 244m tonnes of organic carbon is stored in top 10cm of marine sediment in British waters. ...more

Weak demand for low-carbon products hampers green investment, COP28 initiative says 20/9/2024

Weak demand for green products is curbing needed investment of up to $700 billion in low-carbon projects in heavy-emitting industries such as aluminium, steel and cement, an initiative launched at last year's United Nations Climate Summit says. ...more

Coffee growers look to postpone EU deforestation requirement 20/9/2024

The world's top coffee body is set to request that the European Union postpone a requirement that imported beans come from areas not linked with deforestation, the group's head said on Wednesday. ...more