Category: News
In this week’s ESG News Week In Review, policymakers and markets sent mixed signals on climate action. The Federal Reserve and FDIC withdrew proposed climate risk rules for large banks,...
• New six-principle framework offers data-backed guidance to align carbon removal and biodiversity outcomes in voluntary carbon market (VCM) projects.• Analysis of 1,639 global VCM projects reveals biodiversity integration remains...
• The Federal Reserve, FDIC, and OCC have jointly rescinded the 2023 climate risk management principles for large financial institutions.• Regulators said existing safety and soundness standards sufficiently address all...
• Indonesia lifts its four-year moratorium on international carbon trading through a new presidential decree.• Cross-border transactions can resume under national or international standards, tracked by a decentralized real-time registry.•...
• Malaysian pension fund KWAP launches Dana Iklim+, a 2 billion ringgit ($475 million) climate-focused investment fund.• Targets multi-asset climate solutions spanning infrastructure, private equity, real estate, and nature-based projects.•...
• €1.7 billion financing secured for one of Europe’s largest steel decarbonization projects• Backed by Germany’s federal and Saarland governments under a €2.6 billion transformation program• Project aims to cut...
• South Korea to require 1% SAF blending for all international departures by 2027, increasing to up to 10% by 2035.• Airlines must source 90% of annual refuelling volumes from...
Rulemaking shift to 2026 The California Air Resources Board (CARB) announced it will delay the initial rulemaking for the new California climate disclosure laws SB 253 and SB 261 into...
• New solar and wind projects in five European countries will add 650 MW of renewable capacity, mobilising over $600 million in financing.• The expansion supports Apple’s 2030 carbon neutrality...
• Brookfield to invest up to $5 billion in Bloom Energy’s fuel cell technology to power global AI factories.• Partnership marks Brookfield’s first deal under its dedicated AI Infrastructure strategy.•...
EU Moves to Cut Scope of Sustainability Rules The European Parliament’s Legal Affairs Committee (JURI) voted on October 13 to approve sweeping reductions to two cornerstones of the European Green...
• Schroders now sources 100% of its electricity globally from renewable energy, meeting its RE100 commitment a year early.• The firm’s Horsham solar project generates 1.13 GWh annually, covering nearly...
• €5 billion investment through 2027 expands Google’s St. Ghislain data center and creates 300 new jobs.• 110 MW in new carbon-free energy deals with Eneco, Luminus, and Renner to...
• Climate Investor Two surpasses $1 billion target to become the largest adaptation infrastructure fund in emerging markets.• Backed by $190 million in new commitments and a €205 million EU...
Mexico City Launch Strengthens Legal Frameworks for Climate Action UK-based legal nonprofit The Chancery Lane Project (TCLP) has released 17 climate-aligned clauses adapted to Mexican law, making them available in...
• India’s Central Electricity Authority unveils 6.4 trillion rupee ($77 billion) plan to transmit 76 GW of hydro power from the Brahmaputra basin by 2047.• The basin, spanning eight northeastern...
• The US has threatened sanctions on countries supporting an EU-backed global framework to cut shipping emissions.• The IMO proposal would introduce the first global pricing mechanism for maritime emissions,...
In this week’s ESG News Week In Review, renewable power overtook coal for the first time globally — a defining moment in the clean energy transition. The EU delayed new...
• 19 of 25 World Bank executive directors back continued climate financing despite US opposition.• Directors representing 120 nations call for alignment with the Paris Agreement and a 45% climate...
Canada Expands Its Carbon Removal Frontier Deep Sky, the Montreal-based carbon removal project developer, has selected Manitoba as the site for one of the world’s largest carbon removal facilities. The...
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