NEW YORK — October 16, 2025 — A new collaboration between Carbon Direct and JPMorgan Chase is aiming to redefine how the voluntary carbon market values nature. The two organizations have released Optimizing for Biodiversity with Nature-Based Projects in the Voluntary Carbon Market: Principles for Pursuing Dual Outcomes, a data-driven
LONDON, Oct. 17, 2025 — What was meant to be a historic breakthrough for global climate cooperation collapsed today inside a packed conference hall at the International Maritime Organization. After years of negotiations, diplomats had gathered to approve the world’s first global shipping carbon fee — a measure designed to
WASHINGTON — The United Nations Environment Programme (UNEP) has launched a major new initiative to bridge the divide between global climate and biodiversity goals. The Net-Zero Nature-Positive Accelerator Integrated Programme, unveiled alongside the Global Environment Facility (GEF), the Development Bank of Latin America (CAF), and the Asian Development Bank (ADB),
WASHINGTON — In a fresh reversal of post-Paris financial policy, U.S. banking regulators have withdrawn landmark guidance on climate-related financial risks, erasing a federal framework that had directed the largest banks to account for climate exposure in governance and risk management. The Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and
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
