Brussels — The European Union has agreed to slash greenhouse gas emissions by 90 percent by 2040, setting the stage for the bloc’s long-term climate policy ahead of COP30 in Belém, Brazil. But the compromise deal — brokered under Denmark’s EU Council presidency — adds new flexibilities that could allow
Floodwaters continue to reshape coastlines from the Caribbean to coastal Bangladesh, where the front line of climate change now runs through local budgets and public-works departments. Into that fragile space, a new financing model has begun to flow. Climate Fund Managers, together with MUFG Bank, FinDev Canada, and the Green
Abu Dhabi — The bright lights of Abu Dhabi’s ENACT Majlis reflected off the mirrored façades of a city built on oil wealth — but this week, the conversation turned to algorithms. ADNOC, Masdar, XRG, and Microsoft have launched a new collaboration to fuse artificial intelligence with the infrastructure that
France has launched the world’s first dynamic induction charging highway—capable of wirelessly delivering more power than a Tesla Supercharger—marking a major step toward decarbonizing heavy transport. The nearly one-mile (1.5-kilometer) stretch of the A10 motorway southwest of Paris, equipped by Israeli company Electreon, allows electric vehicles to charge while in
Enfinity Global has signed a decade-long agreement with VW Kraftwerk GmbH, a subsidiary of the Volkswagen Group, to supply 400 gigawatt-hours (GWh) of renewable Guarantees of Origin (GOs) from its solar power plants in Italy—bolstering Volkswagen’s drive toward carbon-neutral mobility across Europe. Powering Volkswagen’s Transition to Carbon-Neutral Mobility Under the
Brazil has opened three weeks of climate-related events ahead of COP30, seeking to rekindle global commitment to tackling climate change amid economic volatility and eroding international cooperation. From São Paulo to Belém, leaders, investors, and civil society are converging to signal that multilateral climate ambition is not yet lost. Business
When TIME unveiled its TIME100 Climate 2025, one theme stood out: as legislative momentum falters in major economies, the world’s climate agenda is being carried forward by business leaders, innovators, and reform-minded officials reshaping governance itself. The list celebrates 100 individuals driving climate progress across finance, technology, and public policy
Small and medium-sized enterprises (SMEs) are the backbone of the global economy — but they remain one of the most underfunded segments in the race to net zero. A new report by the International Chamber of Commerce (ICC) and Sage, released ahead of COP30, warns that without targeted reforms in
KAMPALA — Uganda has become the first African country to receive a results-based payment from the Green Climate Fund (GCF), securing US$31 million for verified emission reductions achieved through sustainable forestry and land management. The landmark approval recognizes measurable success under the “Uganda REDD-plus Results-Based Payment for Emission Reductions (2016–2017)”
KINGSTON, JAMAICA — When Hurricane Melissa slammed into Jamaica on October 28, 2025, the Category 5 storm left a trail of devastation – and put the world’s spotlight on one of the most ambitious disaster-financing systems ever built by a small island nation. With 185 mph (295 km/h) winds and
