Climate Policy Initiative

Mundo Verde Climate Leads Groundbreaking Transaction in the Global Voluntary Carbon Market

Retrieved on:

Tuesday, February 6, 2024

COP, Climate Policy Initiative, Plastic, Carbon, CO2, Climate change, Certification, Risk management, COP28, Multilateralism, Renewable energy

Geneva, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Mundo Verde Climate, a global player in climate finance and climate change risk management advisory, announced its pivotal role in one of the most significant transactions of 2023 within the global voluntary carbon market.

Key Points:

Geneva, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Mundo Verde Climate, a global player in climate finance and climate change risk management advisory, announced its pivotal role in one of the most significant transactions of 2023 within the global voluntary carbon market.
Mundo Verde Climate took an instrumental role in developing the voluntary carbon units from Biotrend’s waste to energy activities through a certification and verification process under VERRA.
The transaction, covering over 2.4 million tons of CO2 in total, refers to voluntary carbon credits for release on the international market.
Mundo Verde Climate, together with Biotrend, hopes that the initiative will provide much-needed carbon credits to satisfy demand in the voluntary offsetting market and inspire others to advance their projects and stimulate the market.

COP28: The Rockefeller Foundation, ACEN Corporation, Monetary Authority of Singapore Partner to Explore Phasing Out Coal Plant in Philippines

Retrieved on:

Monday, December 4, 2023

CCCI and ACEN are working with the Monetary Authority of Singapore (MAS) to advance the potential project.

Key Points:

CCCI and ACEN are working with the Monetary Authority of Singapore (MAS) to advance the potential project.
"To retire coal plants, avoid those emissions, and create jobs, we need to create the right incentives for asset owners and communities and mobilize additional finance.
This innovative CCCI agreement will pilot a coal-to-clean credit methodology in the Philippines, one critical step toward breaking that overreliance and building a better future."
The project, the South Luzon Thermal Energy Corporation (SLTEC) coal plant, would become the world's first coal-fired power plant to leverage carbon credits to enable its early decommissioning.

COP28: The Rockefeller Foundation, ACEN Corporation, Monetary Authority of Singapore Partner to Explore Phasing Out Coal Plant in Philippines

Retrieved on:

Monday, December 4, 2023

CCCI and ACEN are working with the Monetary Authority of Singapore (MAS) to advance the potential project.

Key Points:

CCCI and ACEN are working with the Monetary Authority of Singapore (MAS) to advance the potential project.
"To retire coal plants, avoid those emissions, and create jobs, we need to create the right incentives for asset owners and communities and mobilize additional finance.
This innovative CCCI agreement will pilot a coal-to-clean credit methodology in the Philippines, one critical step toward breaking that overreliance and building a better future."
The project, the South Luzon Thermal Energy Corporation (SLTEC) coal plant, would become the world's first coal-fired power plant to leverage carbon credits to enable its early decommissioning.

Countries, Companies Signal Support for Energy Transition Accelerator

Retrieved on:

Sunday, December 3, 2023

"The Energy Transition Accelerator brings a market-based solution to the table, in turn unlocking billions of dollars for clean energy.

Key Points:

"The Energy Transition Accelerator brings a market-based solution to the table, in turn unlocking billions of dollars for clean energy.
EDF is proud to have developed the Just Transition Framework for the Energy Transition Accelerator, guiding it toward a holistic approach with justice and equity at its core."
"The Energy Transition Accelerator can make a vital contribution to this transition by mobilizing a new source of climate finance, serving to bring together companies and others seeking to buy high-quality carbon credits with developing countries that are poised to invest.
The Department of State, the Bezos Earth Fund, and The Rockefeller Foundation are collaborating for the purpose of developing the Energy Transition Accelerator as an independent initiative.

ENERGY TRANSITION ACCELERATOR AND WORLD BANK ANNOUNCE STRATEGIC COLLABORATION TO SCALE UP CLEAN ENERGY FINANCE

Retrieved on:

Tuesday, September 19, 2023

NEW YORK, Sept. 19, 2023 /PRNewswire/ -- The U.S. Department of State, the Bezos Earth Fund, The Rockefeller Foundation, and the World Bank today announced a strategic collaboration between the Energy Transition Accelerator (ETA) and the World Bank to mobilize finance to support just, accelerated energy transitions in developing countries.

Key Points:

NEW YORK, Sept. 19, 2023 /PRNewswire/ -- The U.S. Department of State, the Bezos Earth Fund, The Rockefeller Foundation, and the World Bank today announced a strategic collaboration between the Energy Transition Accelerator (ETA) and the World Bank to mobilize finance to support just, accelerated energy transitions in developing countries.
The strategic collaboration between ETA and SCALE, announced at a Climate Week event hosted by The Rockefeller Foundation, aims to leverage the strengths of each initiative to mobilize finance for effective energy transitions.
The United States, the first contributor to SCALE, will work with the World Bank to enlist other contributors.
"The Energy Transition Accelerator and the World Bank's SCALE initiative each bring vital tools to this effort.

The Rockefeller Foundation and GEAPP to Design the World's First 'Coal-To-Clean' Credit Program in Emerging Economies

Retrieved on:

Wednesday, June 14, 2023

The Rockefeller Foundation and Global Energy Alliance for People and Planet (GEAPP) will be supported by implementing partner South Pole, with technical and convening expertise from RMI and Climate Policy Initiative (CPI).

Key Points:

The Rockefeller Foundation and Global Energy Alliance for People and Planet (GEAPP) will be supported by implementing partner South Pole, with technical and convening expertise from RMI and Climate Policy Initiative (CPI).
The Rockefeller Foundation and GEAPP plan to present CCCI's methodology during the United Nations Climate Change Conference (COP28) in Dubai with the endorsement of a leading carbon standard.
"Emerging and developing countries have the right to create opportunity, jobs, and electricity for their people without triggering a climate emergency," said Dr. Rajiv J. Shah, President of The Rockefeller Foundation.
The Rockefeller Foundation and GEAPP will be supported by implementing partner South Pole, with technical and convening expertise from RMI and CPI.

U.S. Department of State, Bezos Earth Fund, and The Rockefeller Foundation Announce Winrock International as Crediting Body for Energy Transition Accelerator

Retrieved on:

Tuesday, April 11, 2023

WASHINGTON, April 11, 2023 /PRNewswire/ -- The U.S. Department of State, the Bezos Earth Fund, and The Rockefeller Foundation today announced that Winrock International will develop and administer the carbon crediting standard to be employed by the Energy Transition Accelerator (ETA).

Key Points:

WASHINGTON, April 11, 2023 /PRNewswire/ -- The U.S. Department of State, the Bezos Earth Fund, and The Rockefeller Foundation today announced that Winrock International will develop and administer the carbon crediting standard to be employed by the Energy Transition Accelerator (ETA).
The ETA is a joint initiative to catalyze private capital to accelerate the transition from fossil fuel to clean power in developing countries.
Annual clean energy investment must triple to $4.2 trillion by 2030 to keep a 1.5°C limit on warming within reach, according to the International Energy Agency.
The Department of State, the Bezos Earth Fund, and The Rockefeller Foundation are collaborating for the purpose of developing the ETA as an independent initiative.

MEDIA ADVISORY: Heads of State and Government and Global Leaders to attend Africa Adaptation Summit hosted by the Global Center on Adaptation

Retrieved on:

Tuesday, August 23, 2022

Rotterdam, the Netherlands, 19 August 2022 With two months to go until the next global climate summit (COP27) in Sharm el-Sheikh, Egypt, heads of state and government and global leaders will gather in Rotterdam, the Netherlands, for the Africa Adaptation Summit .

Key Points:

Rotterdam, the Netherlands, 19 August 2022 With two months to go until the next global climate summit (COP27) in Sharm el-Sheikh, Egypt, heads of state and government and global leaders will gather in Rotterdam, the Netherlands, for the Africa Adaptation Summit .
The Summit is expected to garner further support and resources for the regions flagship Africa Adaptation Acceleration Program.
The program is realizing the vision of the Africa Adaptation Initiative by mobilizing $25 billion of investments by 2025 for climate adaptation in food security, resilient infrastructure, adaptation jobs and climate finance.
Heads of State and Government attending from Africa include President Macky Sall of Senegal and Chairperson of the African Union; and the outgoing President of Kenya and Global Champion of the Africa Adaptation Acceleration Program (AAAP), Uhuru Kenyatta.

Trst01 and Rubix Partner to Accelerate Climate Action Through Green Blockchain Platforms

Retrieved on:

Tuesday, May 3, 2022

Trst01 and Rubix announced today a partnership to jointly leverage their unique Web3 green blockchain technology platforms and solutions expertise to help governments, organizations and citizens accelerate their climate actions to significantly reduce the cost of transitioning to a sustained, successful green economy.

Key Points:

Trst01 and Rubix announced today a partnership to jointly leverage their unique Web3 green blockchain technology platforms and solutions expertise to help governments, organizations and citizens accelerate their climate actions to significantly reduce the cost of transitioning to a sustained, successful green economy.
They now play a pivotal role in how people around the world navigate the compounding public health crisis inherent in climate change.
This will drive transparent business decision making which in turn will improve organizational agility and accelerate climate actions.
About Rubix Blockchain Pte Ltd: Rubix is a Layer 1 blockchain protocol for peer-to-peer data transfer & transactions.

Mobilizing finance to meet Indonesia’s renewable energy ambition – Difficult but not impossible

Retrieved on:

Friday, March 4, 2022

Both government and the private sector need to show increased commitment by investing in the clean energy transition.

Key Points:

Both government and the private sector need to show increased commitment by investing in the clean energy transition.
Greater investments in renewable energy solutions are key for Indonesia to meet its ambitious renewable energy targets and to ensure a just energy transition for all, said Tamojit Chatterjee, Energy Specialist at SEforALL.
Moving forward, innovative solutions will be needed to unlock finance for renewables that deliver new energy access to people and support the countrys plans for a low-carbon energy transition.
Continue investments in renewables whilst scale lending in renewable energy infrastructure, such as deployment of smart grids, energy management systems, and transmission infrastructures.