Key Impact Points: DOE Terminates $3.7 Billion in Climate Awards The U.S. Department of Energy has rescinded $3.7 billion in previously announced awards for carbon capture and decarbonization projects.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
Key Impact Points: UN Releases Blueprint to Finance a Thriving Ocean Economy The United Nations Global Compact and the UN Environment Programme Finance Initiative (UNEP FI) have launched the Ocean Investment Protocol, a landmark framework designed to scale finance for a resilient, inclusive, and sustainable ocean economy. Building on existing
Key Impact Points: Climate Week in Panama: A Strategic Launchpad for Climate Solutions The first revamped Climate Week of 2025 concluded in Panama City, signaling a shift from climate ambition to implementation. “This Forum has served as much more than a venue just for discussion — it has been a
Key Impact Points: UNDP and Japan Launch ASEAN Blue Carbon Finance Project to Scale Climate Action in Southeast Asia The ASEAN, Government of Japan, and UNDP officially launched the ASEAN Blue Carbon and Finance Profiling (ABCF) Project in Jakarta, marking a strategic step forward in managing blue carbon ecosystems across
Key Impact Points Carbon Direct, in collaboration with Microsoft, today released a first-of-its-kind guide outlining science-based criteria for high-quality environmental attribute certificates (EACs) in the concrete and steel sectors. The criteria address scope 3 emissions from embodied carbon and seek to shape a credible market for low-carbon building materials. Embodied
Key impact points What the draft law sets out Panama’s Ministry of Environment (MiAMBIENTE) introduced the draft Framework Law on Climate Change to: Why it matters “The law has a single objective: to ensure that all future decisions are aligned with protecting the climate system. It’s a commitment to the
Key Impact Points: Brazil’s Climate Fund Supports Biodiversity-Labeled Restoration Deal Brazilian forest restoration company re.green has secured R$ 80 million from the Brazilian Development Bank (BNDES) via the Climate Fund, marking the first-ever biodiversity-labeled restoration financing deal in the country. The initiative is part of the bank’s Arco da Restauração
Key Impact Points: Microsoft Signs Multi-Year Deal for Nature-Based Carbon Credits Climate Asset Management (CAM) has finalized a long-term carbon credit offtake agreement with Microsoft, securing the delivery of up to 700,000 nature-based removal credits by 2035. The credits will come from CAM’s first U.S. forestry asset in Washington’s Olympic
