The European Commission has announced €4.8 billion in grants under the Innovation Fund to 85 important climate and energy projects across 18 countries. Among them are 16 projects involving carbon capture and storage (CCS). Key takeaways on carbon capture projects announced by the Innovation Fund: First Onshore CO2 Storage in the EU: The Danube Removals project in Hungary marks the first onshore CO2 storage project supported by the Innovation Fund in the EU, as well as Hungary’s first commercial-scale CCS project. The project aims to deliver carbon removals through the…
Read MoreDay: 10 December 2024
The Kladno LEGO factory more than doubles its renewable energy capacity through installation of new solar panels
The LEGO factory in Kladno has completed yet another phase in the expansion of its rooftop solar park, supporting the company’s commitment to increase capacity and production of renewable energy at its sites. With these new solar panels, the company has more than doubled the total renewable energy generated at the factory – increasing from an existing 1 MWp of energy generated by previously-installed solar panels to a total of 2.5 MWp. This total capacity is the equivalent of powering 400 homes. Michaela T. Horáková, general manager of the LEGO…
Read MoreGCF Board’s USD 1 billion for climate projects signals increased climate finance ahead of COP29
The Green Climate Fund (GCF) Board has approved a slate of innovative climate projects allocating more than USD 1.0 billion of GCF investment and bringing GCF’s portfolio of investments to a total of USD 16 billion, USD 61.5 billion, including expected co-financing, across 286 projects. The 40th Board meeting of the world’s largest multilateral climate fund concluded this week by approving 16 projects across 37 developing countries. In 2024, GCF committed USD 2.5 billion to 44 new projects, bringing the total number of countries with projects to 133. GCF is…
Read MoreBrits expected to donate £2.8bn to charity during the festive season
The British public are expected to give an estimated £2.8 billion to charities during November and December this year, according to Charities Aid Foundation’s UK Giving research. November and December are typically the peak months for giving, when the highest number of people say they give to charity. This coincides with Christmas charity campaigns, and events such as Giving Tuesday, Children in Need and the Poppy Appeal. Some charities rely on their Christmas fundraising to fund their work for the following year. New Charities Aid Foundation (CAF) research has found…
Read MoreEducational charity launches outdoor advertising campaign to raise funds for the Enslaved Africans Memorial
Memorial 2007 – the educational charity bidding to build Britain’s first memorial to remember enslaved Africans and descendants of the Transatlantic slave trade – has launched an outdoor advertising campaign in partnership with Ocean. You can learn more about the important cause here. Memorial 2007 is working to raise the funds to create the Enslaved Africans Memorial Garden in London’s Hyde Park. The centrepiece is a sculpture which will honour the courage of those who were enslaved and their struggle for freedom. The bronze and granite artwork includes 14…
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