Key Impact Points: What’s Happening Climate change is front and center at this year’s Democratic National Convention (DNC) in Chicago, where the party’s platform underscores climate change as one of the most pressing issues of our time. Vice President Kamala Harris will be officially recognized as the 2024 presidential nominee,
Key Impact Points: Why it matters The Climate Mitigation Journey (CMJ) offers banks a detailed guide on how to align their operations with global climate targets. By focusing on developing essential business capabilities, banks can work toward net zero while navigating the complexities of an evolving regulatory landscape. How it
Key Impact Points: Grenada has become the first country to activate a hurricane clause in a government bond, delaying debt payments after the destruction caused by Hurricane Beryl last month. The decision marks a significant milestone in financial planning for climate-related disasters. Prime Minister Dickon Mitchell estimates the damage at
Impact Points: Why it matters Amid the ongoing climate crisis, the UK’s new government faces a historic opportunity. Strategic climate finance policies not only position the country as a leader in the global net-zero transition but also promote long-term economic resilience. The first 100 days of leadership are critical to
Key Impact Points: The Largest Carbon Capture Facility in the US Heimdal, a startup backed by Sam Altman, Marc Benioff, and Y Combinator, has announced the opening of the largest US facility for pulling carbon dioxide from the air. Located in Shidler, Oklahoma, the plant is capable of capturing 5,000
The second anniversary of the Inflation Reduction Act (IRA), signed into law on August 16, 2022, marks a moment of reflection on one of the most ambitious legislative efforts in U.S. history. Designed to address climate change, healthcare costs, and economic inequality, the IRA is celebrated by Democrats and criticized
Key Impact Points: The Challenge Heinz is facing a new climate reality: its prized tomatoes, grown in California, are under threat as heat waves scorch the region. This year’s heat shattered records, putting the crop’s yield in question. “Some people say 20%,” said Patrick Sheridan, Kraft Heinz’s vice president of
This week, several communities in Canada’s Far North experienced their hottest temperatures ever recorded, marking a historic heat wave across the Arctic Circle. In a rare meteorological event, temperatures in parts of the Northwest Territories soared higher than those in Miami, Florida, highlighting the extreme and unusual nature of this
In the report “Materiality in the Long Now: Navigating the Intersection of Decision-Making, Time, and Strategy,” Daniel M. Labovitz and Alexander Kontoleon critically examine the traditional concept of materiality in the context of climate and sustainability reporting. They argue that the prevailing focus on short-term impacts—the “Short Now”—is insufficient for
How to Fund Biodiversity and Fight ‘Biopiracy’ As negotiators from 196 countries prepare to gather at COP16 in Cali, Colombia this October, a critical challenge looms large: how to bridge the staggering $200 billion annual funding gap for biodiversity protection and restoration. Addressing this gap will be at the top
