Deforestation in Brazil's Amazon rose in July, breaking a 15-month streak of falling destruction under President Luiz Inacio da Silva, preliminary government data showed on Wednesday, amid a strike by environmental workers. Roughly 666 sq km (257 sq miles) of jungle were cleared in July, 33% higher than the 500 square km for the same…

Temperatures in Britain hit their highest this year on Monday, reaching 34.8 degrees Celsius (94.64 Fahrenheit) in Cambridge, the Met Office said. Temperatures rose above the year's previous high of 32 C reach on July 30, but remain well below Britain's highest recorded temperature of 40.3 C in 2022. Monday's temperature is the highest recorded…

More than 47,000 people died in Europe due to scorching temperatures in 2023, with countries in the region's south hit the hardest, according to a report by the Barcelona Institute for Global Health (ISGlobal) published on Monday. Last year was the world's hottest on record. As climate change continues to increase temperatures, Europeans live in…

The management of natural resources is crucial for reducing carbon emissions. This study investigates how economic, financial, and political risks influence the relationship between natural resources rents and carbon emissions, using data from 66 countries and employing methods like quantile regression and dynamic threshold regression. Findings Consistent Emissions Increase: Natural resources rents tend to increase carbon…

Norges Bank Investment Management (NBIM), the investment arm of the Norwegian Central Bank, has submitted a letter to the Sustainability Standards Board of Japan (SSBJ) advocating for enhanced alignment between Japan’s sustainability disclosure standards and the global framework established by the International Sustainability Standards Board (ISSB). The letter, dated July 31, 2024, emphasizes the critical…

Despite data quality issues, a significant number of companies are integrating sustainability into their strategies. According to Deloitte’s 2024 “Sustainability Action Report,” over 75% of executives have seen progress in their sustainability goals. “Sustainability reporting and transparency can drive trust with stakeholders and is now subject to assurance and regulatory scrutiny in many jurisdictions,” says…

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,…