Africa needs an estimated $2.7 trillion by 2030 to implement its climate commitments, according to the African Development Bank, while the continent contributes only about 3% of global greenhouse gas emissions. The gap between its financing needs and available capital is putting carbon markets under scrutiny as a potential source of climate finance.
South Korea is moving to establish its first domestic source of green methanol for shipping, with a planned facility in Taebaek, Gangwon State, designed to produce 15,000 tons annually from forestry residues.
