The World Bank updates its climate strategy, shifting focus from fixed finance targets to development outcomes, amid pressure from major shareholders.
The Myrtle demonstration plant captures CO₂ from an ammonia facility and uses mineral carbonation to lock it into stable compounds like calcium carbonate
Version 2.0 provides companies with a more comprehensive framework for implementing and maintaining progress towards net-zero emissions.
The initiative aims to increase electricity’s share in global energy demand from 20% to 35% by 2035.
While the target sets a clear direction for investors, a detailed sectoral roadmap is still pending, and the next phase of decarbonization faces steep challenges.
The initiative generated more than 60,000 credits from 160 farms using high-density mango agroforestry systems.
Decisions involving 65 methodologies enforce rigorous additionality and governance standards to ensure carbon credits represent genuine climate impact.
The plan consolidates existing policies, boosts electrification in transport and heating, and expands nuclear and renewables.
Carbon credits generated using VM0047 under the VCS program can carry CCP labels, increasing buyer confidence and attracting investment in nature-based solutions.