Key Impact Points On Tuesday, the International Tribunal for the Law of the Sea (ITLOS) expanded the definition of marine pollution under the United Nations Convention on the Law of the Sea (UNCLOS) to include greenhouse gases. The decision, made by 21 judges, acknowledges that greenhouse emissions are harmful to
Key Impact Points IFC and the Italian Climate Fund have announced a $210 million investment in Eni S.p.A.’s Kenya subsidiary. This investment will expand advanced biofuel production, supporting decarbonization and benefiting up to 200,000 small-scale Kenyan oilseed farmers. IFC will contribute $135 million, while the Italian Climate Fund will add
Global banks and financial institutions have an annual $44 billion revenue opportunity through 2030 from an increasingly pressing requirement for financing and investment in the low-carbon transition, Bain & Company research reveals today in a new analysis. Bain’s study highlights a $600 billion “addressable opportunity” for banks and other global financial institutions to fill a gap
By Christopher Daniel, Varad Pande, Rami Rafih, Makoto Morihara, Charmian Caines, and Tina Zuzek-Arden Key Takeaways Governments have two key strategies—evolving existing economic clusters to remain competitive and capitalizing on emerging opportunities—to help economic clusters rapidly adapt to the green transition. From the tech innovators of Silicon Valley to the leatherworkers of Tuscany and the textile
Deloitte’s 2024 Gen Z and Millennial Survey, now in its 13th edition, highlights the significant environmental concerns of Gen Z, demonstrating their commitment to addressing climate change and environmental sustainability. The survey, encompassing over 22,800 respondents from 44 countries, underscores how these younger generations are actively pushing for substantial societal
By Rach Colling A new science-policy study from EFI sets out how forest-related biodiversity could be included in the EU Taxonomy, to help encourage sustainable investments in forests. The EU Taxonomy Regulation creates a common set of indicators and criteria to classify sustainable commercial activities and investments. While forest-related activities
Our planet has been plagued by socio-economic instability, record temperatures and deepening inequalities, worsened by crises and emergencies. The world has witnessed a stagnation in progress on the 2030 Agenda for Sustainable Development, with only 15 per cent of targets set by the Sustainable Development Goals (SDGs) are on track
Europe needs smart investments to strengthen disaster resilience, adaptation and finance response to disaster and climate risks, say new reports on the Economics for Disaster Prevention and Preparedness, released by the World Bank and the European Commission today. Europe is warming faster than any other continent and is highly vulnerable to
At the Clean Cooking Summit organized by the International Energy Agency (IEA), TotalEnergies announced its ambition of giving 100 million people in Africa and India access to clean cooking by 2030. TotalEnergies will therefore invest more than $400 million in the development of liquefied petroleum gas (LPG) for cooking. In
Close to 60 countries, as well as companies and development institutions, gather in Paris to channel unprecedented resources towards addressing a challenge affecting huge numbers of women and children The first ever high-level Summit focused on providing clean cooking access to the more than 1 billion people in Africa who
