COP16 Riyadh Secures $12 Billion to Combat Drought and Land Degradation
$12 Billion Commitment: Global pledges include $10 billion from the Arab Coordination Group and $1 billion each from OPEC Fund and Islamic Development Bank (IsDB). Critical Funding Gap: Annual investments of $355 billion are needed, but current commitments fall short by $278 billion. High Returns Potential: Restoring over 1 billion hectares of land could yield […]
EU Delays Deforestation Regulation Implementation by One Year but Discards Changes
Extended Deadline: The EU postpones the application of its deforestation regulation to December 30, 2025. Preparation Time: Businesses and authorities gain an extra year to establish due diligence systems. Regulation Unchanged: Core objectives remain to ensure only deforestation-free products enter or exit the EU market. The European Union has agreed to delay the enforcement of […]
EBRD Appoints Harry Boyd-Carpenter as Head of Sustainable Infrastructure Group
Leadership Change: Harry Boyd-Carpenter appointed Managing Director of the Sustainable Infrastructure Group (SIG), effective January 2025. Green Focus: Brings expertise in advancing EBRD’s 50% green investment target and Paris Agreement alignment. Strategic Role: SIG represents one-third of EBRD’s business, spanning energy, transport, and municipal infrastructure sectors. The European Bank for Reconstruction and Development (EBRD) has […]
Aramco, TotalEnergies, and SIRC Partner to Assess Saudi Arabia’s First Sustainable Aviation Fuels Plant
Innovative Collaboration: Joint venture aims to assess a plant in Saudi Arabia to produce sustainable aviation fuels (SAF) from local waste. Global Energy Transition: SAF production aligns with decarbonization goals for aviation, leveraging expertise from three industry leaders. Vision 2030 Support: Advances Saudi Arabia’s sustainability goals and circular economy initiatives. Aramco, TotalEnergies, and the Saudi […]
Biden Awards Over $100 Billion in Clean Tech Grants Ahead of Trump Transition
Over $100 billion in grants from the Inflation Reduction Act (IRA) have been awarded by the Biden administration to advance clean energy and climate resilience. The milestone secures funding for renewable energy projects and sustainability initiatives, even amid political uncertainty. Republican-led states are among the primary beneficiaries of the IRA’s investments. The Biden administration has […]
