Global Climate News

IBM released State of Sustainability Readiness Report 2024 and launched multiple AI-powered tools for sustainability, including Envizi ESG planning, Maximo asset management, and partnerships with WWF and UNDP.

221 fossil fuel and petrochemical industry representatives have registered for UN plastic pollution treaty talks (INC-5) in Busan, making up 6% of attendees, as nations attempt to agree on plastic production curbs.

University of Birmingham researchers have developed a five-point action plan to integrate climate resilience into UN Sustainable Development Goals, following COP29 discussions in Baku.

WRI Indonesia has assessed that Indonesia needs private sector funding to achieve 75GW renewable energy target. President Prabowo offered construction of clean energy generators worth US$234 billion over 15 years.

Patch has published a report analyzing conversations with 400+ buying decision makers to identify barriers in carbon credit purchasing and propose pathways for scaling carbon dioxide removal demand.

Proveye has secured a $950,000 contract with ESA to develop its remote sensing platform for monitoring land use, carbon sequestration and biodiversity in grasslands.

COP29 in Baku concluded with a new climate finance goal of $300 billion per year by 2035, carbon market rules agreement, but faced opposition on fossil fuel discussions and adaptation financing.

COP29 in Baku concluded with agreement on New Collective Quantified Goal setting $300 billion climate finance target for developing nations by 2035, falling short of the expected $1 trillion requirement.

South Africa announced at COP29 its commitment to submit first Biennial Transparency Report and National Inventory Document by December 2024, tracking NDC implementation and emissions targets for 2025 and 2030.