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? Good COP, Bad COP

Climate Tech VC

  Maybe it was the offer of warm sun in December, but this year’s COP drew 100K attendees, almost double the size of COP15 in Paris. Climate tech played its biggest role ever at COP this year. The oil & gas COP. This was the COP of the climate and O&G juxtaposition. The greenwashing was unavoidable.

COP 69
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COP28: Dispatches from the Field

Elemental Excelerator

In a variety of conversations it became clear to me that to some degree, regardless the outcome of COP negotiations, undrilled oil will soon become stranded assets,” Director of Innovation, Mobility & Innovation Gabriel Scheer shared. CarbonCure announced its first deployment in Africa — its 6th continent!

COP 59
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COP27: Egypt commissions first green hydrogen plant

Business Green

Dubbed 'Egypt Green', the project is being developed by a consortium of companies and investors, including nitrogen fertilizer specialist Fertiglobe, renewables developer Scatec ASA, infrastructure firm Orascom Construction, and The Sovereign Fund of Egypt.

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Fossil Fuel-Linked Companies Dominate Sponsorship of COP27

DeSmogBlog

billion to turn North Africa into a regional natural gas hub, and $830 million in oil projects over the next two years, the analysis found. German engineering company Siemens, another COP27 sponsor, services firms such as Cairo-based Orascom Construction, which built one of the world’s biggest gas power plants in Egypt in 2018.

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? Alterra’s $30B bridge for climate financing #176

Climate Tech VC

The first few days of COP have ushered in a wave of major announcements and funding pledges. Near-term commitments include 6 GW of clean energy in India alongside considerations for wind and solar in Africa and rural electrification in Latin America. Happy Monday!    And happy COPing to those on the ground in Dubai!

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'Failure of leadership': Rishi Sunak blasted for opting to miss COP27 Climate Summit

Business Green

It comes despite Sunak's promise to prioritise environmental issues as Prime Minister on the steps of Downing Street earlier this week, and is likely to ruffle feathers on the global stage given UK will still holds the COP Presidency until it passes on the baton to Egypt at the summit.

COP 36
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Reports: Alok Sharma in running for UN Climate Chief post

Business Green

As such, it had been widely expected that the next appointment would come from a developing economy in Africa or Asia. Of the five UNFCCC executive secretaries to date three have been from Europe and two from Latin America. The online application form also notes that submissions from women would be especially welcome.

COP 36