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The United Arab Emirates is set to unveil a new climate-focused investment fund worth $30 billion at the upcoming COP28, with support from major investors including BlackRock, three sources with knowledge of the matter told Reuters.
Financial leaders, corporations, and philanthropists are pooling resources of more than $2 billion to bolster efforts in carbon reduction and climate resilience across Africa, Asia, and Latin America, according to… read more →
While consensus and recognised standards exist for carbon footprint measurement and reporting, carbon offsetting and the quality of underlying projects are still subject to debate.
