LONDON — The global effort to put a price on maritime emissions has run aground once again. The International Maritime Organization (IMO) voted to delay by one year a decision on a carbon pricing mechanism for shipping, following sustained pressure from the United States and Saudi Arabia and support from
WASHINGTON — Fault lines in global climate finance deepened this week when the United States stood apart from nearly every other major shareholder, refusing to sign a World Bank joint statement calling for a stronger climate mandate. The statement, backed by 19 of the Bank’s 25 executive directors, urged that
GENEVA — As the race for clean energy accelerates, the minerals powering the transition—lithium, nickel, copper, and rare earths—are creating new frontlines of inequality. A United Nations report released this week warns that without an overhaul of how mining is financed, the energy transition could reproduce the same social and
BRUSSELS — The European Union is preparing to confront the United States over the future of global development finance. As ministers gather for the World Bank and International Monetary Fund meetings this month, a widening divide between Brussels and Washington is emerging over how multilateral banks should respond to the
The words “inclusivity,” “resilience,” and “reforms” pulsed in green and blue across digital screens at UN Headquarters last week, a visual cue from artist Marsha Dunn for what was billed as a historic debut. On 24 September, the United Nations convened its first-ever Biennial Summit for a Sustainable, Inclusive and
NEW YORK — A quiet shift is underway in corporate boardrooms: what once looked like a regulatory burden is increasingly being recognized as a lever of competitiveness. KPMG’s 2025 ESG Assurance Maturity Index, based on a survey of 1,320 senior executives and board members worldwide, finds that sustainability assurance is
Marine resources seen as engine for growth, but governance, investment, and cooperation will determine outcomes At dawn in coastal West Africa, the shoreline tells two stories. Fishing communities pull in ever smaller catches, their livelihoods eroded by overfishing, rising seas, and shifting ecosystems. At the same time, the same waters
Survey shows resilience and maturing strategies as Asia Pacific and nature-based solutions emerge as leading priorities HONG KONG — Even as political and financial headwinds unsettle global markets, family offices are quietly deepening their commitments to sustainable finance. A new survey by the Sustainable Finance Initiative (SFI) of 144 family
SÃO PAULO — São Paulo became the stage this week for a rare alignment between global development finance and private capital. The International Finance Corporation and Brazil’s BTG Pactual signed a partnership on August 28 designed to channel as much as $1 billion in sustainable investments by 2028, a deal that
Washington – The American Forest Foundation (AFF) confirmed a 15-year agreement with Netflix to purchase verified carbon credits from Fields & Forests (F&F), an afforestation and reforestation effort built for family landowners who have been largely excluded from carbon markets. The commitment will help catalyze the first 6,000 acres and
