The war in Iran is not confined to the Middle East. Its most profound consequences are being felt thousands of miles away—across Africa, Asia, and other parts of the Global South—where fragile economies are absorbing the full force of a global energy and financial shock. An Energy Crisis Hits the
In a decision that cuts to the heart of today’s shifting global order, Norway’s $2.2 trillion sovereign wealth fund—the largest pool of capital on Earth—has thrown its support behind BP’s leadership, backing the re-election of Chair Albert Manifold ahead of the company’s annual meeting. At first glance, it is a
WELLINGTON — New Zealand’s capital has once again been pushed into a state of emergency after record-breaking rainfall triggered flash flooding, landslides, and widespread disruption—reviving a pattern that has defined the city’s relationship with extreme weather for decades. In less than an hour, Wellington was hit with an unprecedented burst
Peru’s 2026 presidential election is no longer just a political contest—it is a national reckoning over how to restore order, rebuild trust, and redefine the role of the state in a country that holds some of the world’s most critical ecosystems. With a crowded field narrowing into a high-stakes runoff,
In the race to align capital with a rapidly changing climate reality, one obstacle has consistently held back progress: data. Not the absence of it, but its fragmentation, cost, and complexity. Now, the United Nations Environment Programme Finance Initiative is attempting to solve that problem at scale, unveiling a new
HANOI — In a move that may signal a turning point for energy strategy across emerging markets, Vingroup has proposed abandoning what was set to be Vietnam’s largest liquefied natural gas power project—opting instead for a massive renewable energy buildout. The decision is not being driven by climate ambition alone.
The world’s largest climate finance institution is moving closer to the frontlines—and Panama has emerged at the center of that shift. The Green Climate Fund (GCF) has selected five locations for its first-ever regional hubs, marking a structural transformation in how climate finance is delivered to developing countries. Among them,
WASHINGTON — The global energy system, already strained by escalating conflict in the Middle East, is now colliding with a political rupture among Western allies that could redefine the rules of cooperation in times of crisis. In a series of extraordinary posts on Truth Social, Donald Trump urged countries facing
The United Kingdom is sharply reducing one of its most consequential tools of global climate leadership: the financing it provides to developing countries on the frontlines of the crisis. A new analysis finds that, when accounting for inflation and shifting budget structures, the UK is effectively halving the climate finance
The world received a stark update today. The State of the Global Climate 2025 report, released by the World Meteorological Organization, delivers one of the clearest assessments yet of a planet undergoing rapid and accelerating change. It is not a projection of the future. It is a diagnosis of the
