Key Impact Points: California Sticks to 2026 Climate Disclosure Timeline California’s sweeping climate laws will go into effect as planned in 2026, with no delays to reporting requirements despite the California Air Resources Board (CARB) falling behind on regulatory development. KPMG’s June 2025 update confirms that reporting under SB-253 (GHG
Key Impact Points: Basel Committee Publishes Voluntary Climate Disclosure Framework The Basel Committee on Banking Supervision has released a voluntary framework for disclosing climate-related financial risks, allowing individual jurisdictions to decide whether and how to implement it domestically. Built-in Flexibility for Evolving Data Recognizing the rapid evolution of climate-related data,
Key Impact Points: Enfinity Expands Solar Footprint in Italy U.S.-based Enfinity Global has signed Power Purchase Agreements (PPAs) to deliver renewable energy from 420 megawatts of solar PV projects in Italy to an undisclosed U.S. technology company. Supporting Energy Transition “We are pleased to continue supporting our customers across diverse
Key Impact Points: Luxembourg and EIB Global Join Forces for Ocean-Based Climate Solutions Luxembourg is partnering with EIB Global to contribute €5 million to the Outrigger Impact Fund I, a new initiative designed to support climate resilience and low-carbon development in Small Island Developing States (SIDS). The fund, managed by
Key Impact Points: U.S. Energy System Grows More Productive as Demand Rises The 2025 Sustainable Energy in America Factbook, released by the Business Council for Sustainable Energy (BCSE) and BloombergNEF, shows that the U.S. energy system is increasingly efficient and capable of meeting rising demand with cleaner sources. In 2024:
The Be Cool! Campaign grew from “I Wanna Be Cool”, an Americana meets Beatles pop anthem bringing more than awareness to the climate crisis. The goal of the Campaign is to inspire meaningful climate action and mobilize global youth to combat the world’s worsening climate crisis. The Campaign was launched
Key Impact Points: Call for Balanced and Inclusive Standards Climate Impact Partners has submitted formal feedback to the Science Based Targets initiative (SBTi) as part of its consultation on the Corporate Net-Zero Standard Version 2.0, urging the organization to adopt a more pragmatic, flexible approach. “The SBTi’s work is vital.
Key Impact Points: DOE Terminates $3.7 Billion in Climate Awards The U.S. Department of Energy has rescinded $3.7 billion in previously announced awards for carbon capture and decarbonization projects. Among those affected are Calpine Texas CCUS Holdings, LLC, ExxonMobil, Ørsted Star P2X LLC, and PPL Corporation, according to a project
Key Impact Points: Meta Backs Nuclear to Power Clean AI Future Constellation and Meta have signed a 20-year power purchase agreement (PPA) for 1,121 megawatts of emissions-free nuclear power from the Clinton Clean Energy Center in Illinois. Starting in June 2027, this agreement replaces public subsidies from Illinois’ Zero Emission
Key Impact Points: Africa Steps Up as Global Carbon Market Leader The African Development Bank (AfDB) announced the launch of the Africa Carbon Support Facility (ACSF)—a first-of-its-kind platform to scale carbon markets across Africa—during a high-level dialogue held at the 2025 AfDB Annual Meetings in Abidjan, Côte d’Ivoire. Framed as
