Climate Archives - AfricaBusiness.com

10Nov

By Africa BusinessNo Comments

Startups

SeaO₂ Secures €2+ Million for Pioneering Ocean Carbon Removal Technology

Dutch climate tech startup SeaO₂ has announced a major funding boost of over €2 million, aimed at accelerating its innovative carbon removal technology. Specializing in Direct Ocean Capture (DOC), SeaO₂ extracts CO₂ directly from seawater, helping reduce atmospheric CO₂ levels by enhancing the ocean’s natural absorption capacity. With backing from investors including DOEN Participaties, NEW-TTT fund, Future Tech Ventures, and CarbonFix, this funding will support SeaO₂ in scaling from prototype to a pilot plant with a planned capacity of 250 tons of CO₂ per year by 2025. “This investment is a recognition of our team’s dedication,” said CEO Ruben Brands, “and it’s a crucial step towards our mission of removing one gigaton of CO₂ by 2045.” SeaO₂’s partnerships with organizations like XPRIZE...

10Nov

By Africa BusinessNo Comments

Kenya News

COP29 Climate Christmas in Azerbaijan

By Ashay Abbhi, Principal, Energy and Climate Change, Intellecap The festival season is upon us again. Shimmering lights, exotic foods, heartfelt greetings, people flying over from all around the world to be with family and friends, gifts and rewards, gala times, great conversations, and promises to do better this year. Like all its previous editions, COP29 guarantees all of this and much more under the presidency of H.E. Mukhtar Babayev, COP29 President-Designate. The annual climate Christmas taking place in Baku, Azerbaijan, also aspires to be what every COP before it did – different. But will Climate Christmas really be different this year? In this article, let’s explore the possibility and what it means for Kenya and Africa. Kenya’s contribution in Baku will be more pronounced this y...

3Dec

By Africa BusinessNo Comments

Energy, Green Energy, Kenya News

A Just Transition to Climate Resilience Could Transform Kenya into a Green Powerhouse

The Continent Is Highly Vulnerable to Climate Change, However, and Needs Significant Global Investment to Adapt to Higher Temperatures, Build Low-Carbon Economies, and Create Local Green Employment African countries face major climate-related challenges, but at the same time they have the opportunity to achieve sustainable low-carbon economies, according to a new report by Boston Consulting Group (BCG). The report, titled “Building a Climate-Resilient, Low-Carbon, Job-Rich Africa,” identifies particular disadvantages that countries on the continent must overcome but also their potential to become a model for transforming a power system based on fossil fuels to one based on renewables. Although Africa was responsible for only 4% of global CO2 emissions in 2019, it accounts for 35 of the 5...

4Nov

By Africa BusinessNo Comments

African News, Agriculture, Democratic Republic of the Congo, Kenya News, Uganda News

African climate innovators dominate global climate prize at COP26

Four African climate innovators were named as winners at 2021's presigious Ashden Awards held on November 4 at the global climate summit COP26 in Glasgow, UK. Three more of the continent’s low carbon pioneers were announced as runners up. The Ashden Awards honour pioneering organisations from the UK and low-income countries lowering carbon emissions and building a fairer world. World leaders and international organisations are gathering in Glasgow from November 1 to 13 to agree a global plan for tackling the climate crisis. The key note speech at the awards ceremony was given by Costa Rican President, Carlos Alvarado, who said: “We share the conviction that sustainable development goes hand in hand with economic growth, as well as a deep commitment to decarbonization and to promote nat...

31Oct

By Africa BusinessNo Comments

Energy, Events, Green Energy, South Africa News

Gaia Africa Climate Fund selected by the ICFA Luxembourg to be accelerated

Cape Town, South Africa: The Gaia Africa Climate Fund has been selected as one of five funds to be accelerated by the International Climate Finance Accelerator in Luxembourg (ICFA). Being selected by the ICFA entails that the Gaia Africa Climate Fund – which was launched in July 2021 – will benefit from a financial award, training, access to a range of investor platforms and guidance on best practice. According to Renier de Wit, Managing Director of Gaia Fund Managers: “Gaia is absolutely thrilled to be selected as an ICFA cohort winner in 2021. The award accelerates the establishment of Gaia Africa Climate Fund in Luxembourg, ensuring this dream becomes a reality for the Gaia team. Gaia has significant value to bring to the African sustainable infrastructure market and to investors from...

18Oct

By Africa BusinessNo Comments

African News, Energy, Green Energy

Gaia Africa Climate Fund selected by the ICFA Luxembourg to be accelerated

The Gaia Africa Climate Fund has been selected as one of five funds to be accelerated by the International Climate Finance Accelerator in Luxembourg (ICFA). Being selected by the ICFA entails that the Gaia Africa Climate Fund – which was launched in July 2021 – will benefit from a financial award, training, access to a range of investor platforms and guidance on best practice. According to Renier de Wit, Managing Director of Gaia Fund Managers: “Gaia is absolutely thrilled to be selected as an ICFA cohort winner in 2021. The award accelerates the establishment of Gaia Africa Climate Fund in Luxembourg, ensuring this dream becomes a reality for the Gaia team. Gaia has significant value to bring to the African sustainable infrastructure market and to investors from developed markets seekin...

30May

By Africa BusinessNo Comments

African News, Agriculture, Fintech, Libya News, Mauritania, Morocco News, Startups, Tech, Tunisia News

Official launch of the second cycle of EMERGING Mediterranean – the springboard programme for emerging Mediterranean Tech For Good leaders

The call for applications is open to any startup based in Mauritania, Morocco, Algeria, Tunisia or Libya that has been operating for over 18 months in one of the following areas: e-health, climate, mobility, agritech, social economy and financial inclusion. As a result of the work done during the preparatory forums for the Summit of the Two Shores and with the support of the French Development Agency, EMERGING Mediterranean, created by Samir Abdelkrim in 2020, aims to increase the impact of Mediterranean startups that help their societies become more resilient. After the first year of the programme in 2020 underlined a strong demand for support from entrepreneurs in the Mediterranean, EMERGING Mediterranean is launching its second call for applications to identify, accelerate and publicise...

14Apr

By Africa BusinessNo Comments

Energy, Green Energy

African climate innovators lead Ashden Awards longlist

Ashden • Climate Change Charity Africa’s outstanding climate solutions lead the way in the longlist for the prestigious Ashden Awards, announced today (April 14). The annual awards, now in their 20th year, celebrate innovation that lower emissions while creating better lives and fairer societies. Areas covered by this year’s awards include energy access, natural climate solutions, regenerative agriculture, and cooling in informal settlements. 38 organisations from around the world have been longlisted for the awards, which feature three UK and six global categories. 13 of the 23 organisations on the international category longlists are from Africa. Photo:: Technical solar installers pose with their training certificates after attending a five-week solar technology course with Sendea Acade...

25Jan

By Africa BusinessNo Comments

Events, South Africa News

Leading financial firms call on governments to step up action on climate risk reporting, boost adaptation finance

UNEP’s Adaptation Gap 2020 report released last week found that with annual adaptation costs in developing countries alone estimated to reach $130-300 billion per year by 2030, public and private finance for climate change adaptation must be stepped up urgently. Financial institutions have the power to direct investment and project finance to help the world adapt to climate change but they need to first understand and measure the risks and opportunities for their businesses. Ten financial institutions convened by UNEP FI are calling on governments to encourage adaptation finance by making climate risk disclosures mandatory, ensuring the availability of robust data, and developing standards to guide the finance industry. The financial institutions are the European Bank for Reconstruct...

14Dec

By Africa BusinessNo Comments

African News, South Africa News

DHL Global Connectedness Index shows signs of progress for Africa and others

By Thandisizwe Mgudlwa The latest reports on African Connectedness are showing great things for the future. And African countries are showing the largest increases in their global connectedness, according to DHL. While recent announcements from Cape Town, South Africa reveal: • The countries with the largest increases are Mozambique, Togo, Ghana, Guinea and Zambia • Global connectedness has yet to recover from its steep drop at the onset of the financial crisis • The world’s shifting economic center of gravity is reshaping industry connectedness DHL recently released the second edition of the DHL Global Connectedness Index (GCI), a comprehensive analysis of the state of globalization around the world. The report, drawing on over one million data points fr...