Key Impact Points: $6 Billion for Clean Energy and Jobs The U.S. Department of the Treasury and the Internal Revenue Service (IRS) announced the allocation of $6 billion in tax credits under the second round of the Inflation Reduction Act’s (IRA) § 48C Qualifying Advanced Energy Project Tax Credit Program.
Key Impact Points: Bahamas Debt Conversion Project: A Financial Breakthrough for Conservation The Government of The Bahamas, in partnership with The Nature Conservancy, Standard Chartered, the Inter-American Development Bank (IDB), and other financial stakeholders, has launched the inaugural Bahamas Debt Conversion Project for Marine Conservation. This pioneering initiative is projected
Key Impact Points: $500M Bond Issuance Success The Climate Investment Funds (CIF) launched its debut $500 million bond on Tuesday, marking a milestone in diversifying its funding base to attract private sector investment for clean energy projects in emerging markets. The bond, which was six times oversubscribed, highlights the growing
Key Impact Points: Significant Shifts in ESG for 2025 Businesses in 2025 are predicted to undergo transformative changes in how they approach Environmental, Social, and Governance (ESG) initiatives. Companies are redefining sustainability, emphasizing material risks and opportunities, strengthening governance, and embedding ESG into core strategies. Prediction 1: ESG Label Evolves
This article is written by Tim Mohin Welcome back! We sincerely hope that our readers took some meaningful time away from work to relax, reflect, and recharge. By now, you have read a few 2025 forecasts. While no one knows the future, 2025 is shaping up to be a difficult
Key Impact Points: NZAM Responds to BlackRock Departure The Net-Zero Asset Managers (NZAM) initiative, a coalition aiming to align asset management with global climate goals, has temporarily suspended its activities following BlackRock’s exit. BlackRock, managing $11.5 trillion in assets, cited “confusion over its climate efforts and legal inquiries from public
Key Impact Points: Renewables Are Reshaping Global Power Renewable energy progress surged in 2024, with global solar capacity growing by 600 GW and grid storage installations doubling to 170 GWh. Renewables now outpace fossil electricity investments by a ratio of 10:1. “As a share of electricity, solar and wind are
What’s happening right now in Los Angeles is almost too painful to write about. I’ve spent much of the day writing and calling back and forth with friends and colleagues. All report: horror. And since it’s playing out against the most familiar backdrop on earth, the scene of more movies
Key Impact Points: JPMorgan Joins Growing U.S. Bank Exodus from NZBA JPMorgan Chase confirmed its departure from the United Nations-backed Net Zero Banking Alliance (NZBA), becoming the latest in a wave of U.S. banks exiting the climate coalition. This move follows the recent withdrawals of Bank of America, Citigroup, Morgan
Key Impact Points: McDonald’s Shifts Focus to Inclusion McDonald’s has announced a significant shift in its diversity, equity, and inclusion (DEI) strategy, emphasizing “inclusion” while phasing out the terms “diversity” and “equity.” The company’s updated approach is outlined in a letter from CEO Chris Kempczinski, who stated, “We are immensely
