Hundreds of millions of dollars pledged for carbon credits at inaugural African climate summit
The United Arab Emirates Carbon Alliance has committed to buying $450m worth of carbon credits from the continent’s carbon market.
07 September 2023
07 September 2023
The United Arab Emirates Carbon Alliance has committed to buying $450m worth of carbon credits from the continent’s carbon market.
The MP that signed the UK's net-zero pledge into law, told a conference that the challenge is political, not technological.
The US climate envoy also expressed hope that COP28 in Dubai will mark a chance to renew climate action.
The project is part of Amp Energy’s Renewable Energy Hub of South Australia, a A$2bn portfolio across the state.
The move to permanently close the power plant follows its restart to compensate for reduced gas supplies in August last year.
Due to be operational in the first quarter of next year, the 50MW solar plant will power approximately 29,500 households.
The Eraring plant could remain open beyond 2025 to ensure sufficient electricity supply.
The UK needs private investment to reach its net-zero target, but unclear policies and insufficient public funding pose problems.
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