Key Impact Points: Funding at Risk for Major Carbon Capture Hubs The U.S. Department of Energy (DOE) is considering cutting hundreds of millions of dollars in grants to major carbon capture hubs in Texas and Louisiana, according to anonymous sources familiar with the matter. These Direct Air Capture (DAC) hubs
Key Impact Points: Quiet Momentum Continues Despite headlines suggesting companies are retreating from climate pledges due to economic pressures, PwC’s 2025 State of Decarbonization Report shows the opposite: quiet yet robust momentum in sustainability. According to the report, sustainability remains a strategic priority for companies, driven by rising energy demands,
Key Impact Points: Carbon removal has quickly evolved from a niche interest to a strategic necessity for leading companies. The Intergovernmental Panel on Climate Change (IPCC) emphasizes the need for gigatons of removals to mitigate global warming, while initiatives like the Science Based Targets initiative (SBTi) prioritize removals over other
Key Impact Points: Setting a New Standard for Banks ING today announced validation of its climate targets by the Science Based Targets initiative (SBTi), marking a significant milestone in global climate action for financial institutions. SBTi confirmed ING’s targets to cut emissions across its own operations and extensive client portfolio,
Key Impact Points: Amazon’s New Carbon Credit Initiative Amazon has begun offering “high-integrity science-based” carbon credits through its Sustainability Exchange resource hub, aimed at accelerating corporate climate action. Announced on March 19, these credits allow eligible companies to support nature-based projects and advanced carbon removal technologies. The credits are accessible
Key Impact Points: Landmark Carbon Removal Agreement Eion, a leading innovator in enhanced rock weathering (ERW), has secured a substantial $33 million carbon removal purchase from Frontier buyers. Under the agreement, Eion will remove 78,707 tons of CO2 between 2027 and 2030 by spreading olivine, a rapidly weathering mineral, across
Key Impact Points: Climate Volatility Hits Renewable Energy Renewable energy’s rapid expansion faces growing threats from climate variability. Despite record growth in renewable capacity, extreme weather driven by climate change is increasingly disrupting energy generation. Hamid Bastani from the World Meteorological Organization (WMO) highlighted significant impacts: “In Sudan and Namibia,
Key Impact Points: Food Systems Under Pressure Food systems globally face increasing strain due to climate change and a rapidly growing population. Young people lack the necessary skills employers seek, particularly in agriculture—the sector most affected by this skills mismatch. Laurent Freixe, CEO of Nestlé, emphasized, “A highly qualified future
In a significant shift to the international climate negotiation landscape, the United Nations Framework Convention on Climate Change (UNFCCC) announced the introduction of two global “mini-COPs”—officially branded as “Global Climate Weeks”—as a precursor to the annual UN Climate Change Conference (COP30). This innovative approach marks a departure from the traditional
Marking a major milestone in global environmental leadership, Panama is set to host the inaugural Nature Summit from May 19-22, 2025, in Panama City, taking place alongside the UNFCCC’s inaugural Global Climate Week. This high-level gathering will focus on scaling investment to achieve the ambitions of Global Climate Week by
