• COP30 ended without a roadmap to phase out coal, oil and gas, despite support from more than 80 countries.• Governments backed climate finance ambitions of $1.3 trillion annually for...
• Countries agreed to mobilise at least $1.3 trillion annually by 2035 for global climate action, with adaptation finance set to triple.• The loss and damage fund moves into a...
• Negotiators enter the midpoint of COP30 with core issues split into separate tracks, raising questions over whether a unified deal can still emerge.• Indigenous leaders intensify pressure on Brazil’s...
The global banking group HSBC Holdings plc has published an updated Net Zero Transition Plan (NZTP), reaffirming its objective to become a net zero bank by 2050. Yet the move...
By ESG News Staff San Francisco–based Perigon Wealth Management has acquired Gitterman Wealth Management and Gitterman Asset Management, two New Jersey–based firms known for their focus on climate-aware investing. The...
Long-Term Climate Credit for High-Risk Economies Climate Fund Managers (CFM), MUFG Bank, FinDev Canada, and the Green Climate Fund (GCF) have achieved a $600 million first close for the GAIA...
• France’s new development minister Eleonore Caroit says Paris will continue backing the World Bank’s 45% climate finance target despite U.S. opposition.• The Trump administration is pressing the lender to...
• British International Investment’s (BII) $60 million investment supports the $510 million Green Investment Partnership (GIP) under Singapore’s FAST-P framework.• The initiative aims to close Southeast Asia’s $210 billion annual...
A Coalition Unravels The UN-backed Net-Zero Banking Alliance (NZBA), once the flagship coalition of global lenders committed to decarbonizing finance, has ceased operations following a membership vote. The decision closes...