Search Results for: projects

New Rice Farming Methodology From Global Heat Reduction Initiative Zeros In on Projects That Reduce Climate Super Pollutants

Stuart Mitchell

The Global Heat Reduction Initiative (GHR) released a first-of-its-kind methodology that will measure and reward the reduction in climate super pollutants achieved through more sustainable rice cultivation practices. In addition to covering the full range of greenhouse gases including the powerful climate pollutants, methane and nitrous oxide, it also accounts for black carbon emissions associated with burning and equipment operations. The methodology also enables users for the first time to assess the global heat reduction value of reducing these emissions over near-term timeframes, such as between now and 2030 or…

91% of New Renewable Projects Now Cheaper Than Fossil Fuels Alternatives

Stuart Mitchell

Renewables maintain their cost leadership in global power markets, IRENA’s new report on Renewable Power Generation Costs in 2024 confirms. The report confirms that renewables maintained their price advantage over fossil fuels, with cost declines driven by technological innovation, competitive supply chains, and economies of scale. In 2024, solar photovoltaics (PV) were, on average, 41% cheaper than the lowest-cost fossil fuel alternatives, while onshore wind projects were 53% cheaper. Onshore wind remained the most affordable source of new renewable electricity at USD 0.034/kWh, followed by solar PV at USD 0.043/kWh.…

Nine new projects set for implementation after approval at record-breaking GCF Board meeting

Stuart Mitchell

Nine new projects backed by the Green Climate Fund (GCF) are ready for implementation. Project agreements were signed for each project on the margins of GCF’s 42nd Board meeting (B.42), where the projects were approved. In addition, three projects received their first disbursement shortly after the agreement signings. B.42, which took place in Papua New Guinea from 30 June to 3 July 2025, saw a record volume of GCF investment approved in a Board meeting – USD 1.225 billion for 17 projects. GCF now has a portfolio of 314 projects…

M&S Funding New Industry-First Innovation Projects

Stuart Mitchell

Marks & Spencer, the UK’s most trusted brand, has announced new pioneering projects to support its journey to net zero by 2040.   With targets now revalidated by the SBTi, M&S has a clear glidepath to becoming net zero across the entire supply chain by 2040. The biggest challenge in achieving these targets – a full ten years earlier that the Governments UK-wide strategy – is in the supply chain, where 95% of emissions sit. To meet these targets, M&S created the Plan A Accelerator Fund to find innovative lower…

Record-breaking Green Climate Fund Board meeting approves USD 1.225 billion for new projects, reforms accreditation model and invites bids to host regional presence

Stuart Mitchell

The Green Climate Fund (GCF) Board recently approved a record volume of climate finance for developing countries, green-lighting 17 new projects for climate action around the world. The USD 1.225 billion total is the largest amount approved at a single Board meeting, during a year in which the Fund is scaling up its activities in response to the global demands for climate finance. GCF now has a portfolio of 314 projects amounting to USD 18 billion in GCF resources, USD 67 billion including co-financing.  The projects will bring urgently needed…