By Tim Mohin After narrowly making its way through the Senate and House, President Donald Trump signed his cornerstone tax cuts and spending bill, ‘The One Big Beautiful Bill Act’, on July 4th. The law claws back unobligated funding, expands new oil and gas leasing, changes or eliminates energy and
Key Impact Points: Microsoft Backs Carbon Capture at Danish Waste-to-Energy Facility Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund (CI ETF I), and Danish utility Vestforbrænding have signed a long-term carbon removal agreement with Microsoft via their joint venture, Gaia ProjectCo P/S. The deal secures Microsoft’s offtake of up
Key Impact Points: Frontier Backs Arbor’s $41M CDR-Energy Deal California-based startup Arbor has landed a $41 million carbon removal offtake agreement from Frontier, one of the coalition’s biggest such deals to date. The funding will support Arbor’s first commercial-scale facility in Louisiana, expected to launch in 2028 and remove 116,000
Key Impact Points: UN Launches Landmark Net-Zero Transition Guide for Insurers The United Nations-convened Forum for Insurance Transition to Net Zero (FIT) has published “Underwriting the Transition”, the first global guidance tailored specifically to insurance and reinsurance underwriting portfolios. The guidance was unveiled at the inaugural FIT Transition Insurance Summit
Key Impact Points: Small Islands, Big Impact More than 30 small island developing states (SIDS) are accelerating environmental action through ambitious partnerships with the United Nations Environment Programme (UNEP). These island nations—though among the most vulnerable to climate change, biodiversity loss, and pollution—are positioning themselves as global leaders in resilience
Key Impact Points: EU Charts a Realistic Course to Climate Neutrality The European Commission has proposed a major amendment to the EU Climate Law, introducing a legally binding 2040 target of reducing net greenhouse gas emissions by 90% compared to 1990 levels. The proposal builds on the existing 2030 target
Key Impact Points: Coalition Targets Luxury Air Travel to Fund Climate Action Eight nations—France, Spain, Kenya, Barbados, Somalia, Benin, Sierra Leone, and Antigua & Barbuda—have formed a new coalition to introduce levies on premium air travel and private jets to generate new, debt-free financing for global climate adaptation. The plan
Key Impact Points: ISSB Launches Major Revisions to Align SASB and IFRS S2 Guidance The International Sustainability Standards Board (ISSB) today released two exposure drafts proposing updates to the SASB Standards and related changes to the IFRS S2 Industry-based Guidance. These amendments mark a pivotal step in aligning industry-based sustainability
Key Impact Points Google has released its 10th annual Environmental Report, detailing how the company is navigating the energy-intensive rise of AI while scaling real-world environmental solutions. The 2025 report is centered on three core themes: energy, AI, and resilience—each tied to Google’s “climate moonshots” of achieving 24/7 carbon-free energy
Key Impact Points: Groundbreaking Guidance for the Insurance Sector As part of London Climate Action Week, the UNEP Principles for Sustainable Insurance (PSI) Working Group for Nature unveiled a foundational report titled Rooted in Risk: Framing nature-related assessments for insurers. This marks the first release in a new series aimed
