Climate Impact Partners has launched a groundbreaking program to scale novel carbon dioxide removal (CDR) technologies, enabling companies from SMEs to multinationals to finance innovative solutions and meet global climate targets. By 2050, 10 billion tons of CO2 need to be removed annually from the atmosphere to meet net zero goals. This program targets this…

The Great Barrier Reef, one of Earth’s most iconic natural wonders, is facing unprecedented threats due to rising ocean temperatures, according to new research published in Nature. The study, led by Dr. Benjamin Henley from the University of Wollongong (UOW) and the University of Melbourne, provides alarming evidence of the severe impact of human-caused climate…

The U.S. Securities and Exchange Commission launched a defense in court of its new climate reporting rule, arguing that the proposed disclosures in the rule provide “information directly relevant to the value of investments,” and that it is within the Commission’s authority to mandate climate risk disclosures. In a brief filed this week with the…

The UK government is set to propose a law in 2025 aimed at regulating providers of Environmental, Social, and Governance (ESG) ratings, a move that could reshape the landscape of sustainable finance. This initiative, led by Finance Minister Rachel Reeves, seeks to address the growing concerns over the transparency and reliability of ESG ratings, which…

British Columbia is on alert for flooding along the banks of the Chilcotin River after a landslide created a large natural dam and triggered evacuation orders in the remote region in Canada's Pacific coast province, authorities. B.C.'s Minister of Emergency Management Bowinn Ma in an update said that in the worst case scenario, flows in…

Bolivia is grappling with a record number of fires in the first seven months of the year, satellite data showed, as the flames send villagers fleeing, kill wildlife and char the landscape. Diesel shortages across the country are further complicating firefighting efforts by making it more difficult to reach remote areas and tackle the blazes,…

Asia-Pacific business executives urged emerging economies in the region to issue climate bonds indexed to a basket of currencies, which would reduce the risk from foreign exchange fluctuation in raising funds for clean energy transition. The group of business executives comprising ABAC, which is APEC's Business Advisory Council, also proposed on Sunday launching a pilot…

A global accounting body on Wednesday proposed guidance on how companies can do more to show the impact of climate change on their financial performance, saying standalone disclosures do not give investors the clarity they need. Norms written by the International Accounting Standards Board (IASB) are applied by listed companies in more than 140 jurisdictions,…

The International Accounting Standards Board (IASB), the accounting standards-setting body of the IFRS Foundation, announced the publication of a consultation document, with a series of new proposed illustrative examples aimed at enabling companies to provide investors with better information about climate-related risks and other uncertainties. The IASB provides illustrative examples as non-mandatory guidance accompanying IFRS…

Google announced a new 10-year agreement with power company PacificLight and renewable energy developer RExus Bioenergy to build a wood-to-waste plant in Singapore, and provide clean energy to Google to power its data center and operations in the region. The deal marks the latest in a series of renewable energy announcements for Google in Asia,…

In the last month, two new regulations have been formally adopted: the EU’s Eco-design Sustainable Products Regulation (ESPR) and the Corporate Sustainability Due Diligence Directive (CSDDD). The ESPR is a framework regulation that will eventually require the majority of products sold on the EU market (food and medicine are the only exceptions) to make their products…

The House Judiciary Committee sent letters to more than 130 U.S.-based companies, retirement systems and government pension funds that are members of Climate Action 100+, questioning their involvement in the group, the committee announced Tuesday. In addition to asking for the organizations’ documents on their ESG goals, involvement in the climate coalition and communications with…