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BlackRock Exit Prompts Net-Zero Asset Managers Initiative to Suspend Activities

January 14, 2025 No Comments

Key Impact Points: NZAM Responds to BlackRock Departure The Net-Zero Asset Managers (NZAM) initiative, a coalition aiming to align asset management with global climate goals, has temporarily suspended its activities following BlackRock’s exit. BlackRock, managing $11.5 trillion in assets, cited “confusion over its climate efforts and legal inquiries from public

The Energy Transition in 2025: Key Trends to Watch

January 10, 2025 No Comments

Key Impact Points: Renewables Are Reshaping Global Power Renewable energy progress surged in 2024, with global solar capacity growing by 600 GW and grid storage installations doubling to 170 GWh. Renewables now outpace fossil electricity investments by a ratio of 10:1. “As a share of electricity, solar and wind are

Bill McKibben: The LA Fires and the Big Bang

January 10, 2025 No Comments

What’s happening right now in Los Angeles is almost too painful to write about. I’ve spent much of the day writing and calling back and forth with friends and colleagues. All report: horror. And since it’s playing out against the most familiar backdrop on earth, the scene of more movies

JPMorgan Exits NZBA Amid Broader U.S. Bank Departures

January 10, 2025 No Comments

Key Impact Points: JPMorgan Joins Growing U.S. Bank Exodus from NZBA JPMorgan Chase confirmed its departure from the United Nations-backed Net Zero Banking Alliance (NZBA), becoming the latest in a wave of U.S. banks exiting the climate coalition. This move follows the recent withdrawals of Bank of America, Citigroup, Morgan

McDonald’s Redefines DEI Approach, Prioritizing Inclusion

January 10, 2025 No Comments

Key Impact Points: McDonald’s Shifts Focus to Inclusion McDonald’s has announced a significant shift in its diversity, equity, and inclusion (DEI) strategy, emphasizing “inclusion” while phasing out the terms “diversity” and “equity.” The company’s updated approach is outlined in a letter from CEO Chris Kempczinski, who stated, “We are immensely

Major U.S. Banks Leave Net-Zero Banking Alliance: Will the UN Step In Again Like It Did With the NZIA?

January 7, 2025 No Comments

Big Banks Exiting the Net-Zero Banking Alliance. Will the Solution Follow the Pattern of the NZIA With a Hail Mary Style Rescue From the UN? Key Impact Points: The NZBA’s Membership Exodus The Net-Zero Banking Alliance (NZBA), launched to align financial institutions with global climate goals, is facing a major

Key Climate Change Issues to Address in 2025

January 7, 2025 No Comments

Key Impact Points Climate Change: A Pivotal Issue The impacts of climate change are no longer distant—they’re here and worsening. From rising sea levels to extreme weather, the ripple effects touch every corner of life on Earth. “The world experienced its hottest year on record in 2024, with CO₂ levels

Trump’s Environmental Policy Reset: Key Shifts in the First 100 Days

January 7, 2025 No Comments

Key Impact Points: Policy Shifts Under the Trump Administration Executive Orders and Regulatory Changes President-elect Trump has signaled plans to pause pending rules, delay effective dates of new regulations, and work with Congress to repeal recently finalized rules. Key areas of focus include power, mining, oil and gas, water quality,

U.S. Electricity Demand to Surge 15.8% by 2029: Grid Strategies Report

December 20, 2024 No Comments

Key Impact Points: U.S. Electricity Demand Forecast Electricity demand in the U.S. is set to increase significantly, with Grid Strategies projecting a 15.8% rise—128 GW—by 2029. This represents a 456% surge in load growth forecasts over two years, driven by booming data centers and manufacturing industries. “We are now looking

U.S. White House Unveils Ambitious 2035 Climate Target to Cut Emissions by 66%

December 20, 2024 No Comments

Key Impact Points A Bold Climate Vision President Biden announced an updated U.S. Nationally Determined Contribution (NDC) under the Paris Agreement, targeting a 61-66% reduction in greenhouse gas emissions by 2035 from 2005 levels. This target builds on the Administration’s previous 2030 goal of a 50-52% reduction and aims to