Key Impact Points: Marine Issues: Slow Progress at COP29 The ocean, as the planet’s largest carbon sink, plays a pivotal role in mitigating climate change, yet it remains on the sidelines of global climate discussions. While the COP29 conference in Baku is dubbed the “finance COP,” marine climate solutions are
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
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
Key Impact Points The Coral Triangle’s Growing Fossil Fuel Threat The Coral Triangle, a biodiversity hotspot spanning seven countries in Southeast Asia and the Pacific, faces escalating risks as fossil fuel operations expand. A new report titled “Coral Triangle at Risk: Fossil Fuel Threats and Impacts” highlights how oil and
Key Impact Points: Record-Breaking Launch Invesco Ltd. (NYSE: IVZ), a global asset management leader, has launched the Invesco MSCI North America Climate ETF (KLMN) on the New York Stock Exchange. Backed by $2.4 billion from Varma, Finland’s pension insurer, this ETF marks the largest funding ever for a newly launched
Key Impact Points The Growing Business Case for Climate Action A new Deloitte report reveals a foundational shift in corporate sustainability, driven by climate risks, evolving regulations, and stakeholder demands. Record-breaking climate disruptions, such as extreme weather and rising insurance costs, are reshaping business strategies globally. “Seventy-nine percent of respondents
Key Impact Points: The Climate Risk Scorecard 2024: A Snapshot The Ceres Accelerator for Sustainable Capital Markets unveiled its latest Climate Risk Scorecard, providing a comprehensive evaluation of how 10 federal financial agencies are tackling the systemic financial risks posed by climate change. These agencies include the Federal Reserve Bank,
Key Impact Points: A New Climate Finance Target At COP29, countries finalized a New Collective Quantified Goal (NCQG) on climate finance. Developed countries pledged to lead efforts to mobilize $300 billion annually by 2035, within a broader target of $1.3 trillion for developing nations. This commitment shapes climate finance talks
Key Impact Points Fossil Fuel Influence and Business Silence For decades, fossil fuel companies have used lobbying, PR campaigns, and political donations to shape public opinion and block climate progress. Despite experiencing climate-related disruptions like supply chain shocks and natural disasters, the broader business community has largely remained on the
Key Impact Points: Goldman Sachs Exits NZBA Amid Political Pressures Goldman Sachs, a prominent member of the Net-Zero Banking Alliance (NZBA), has decided to leave the coalition. The alliance, established three years ago, united over 140 global banks to align financial operations with net-zero emissions goals by 2050. However, rising
