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Europe Draws a Climate Red Line as World Bank Retreat Sparks Battle Over the Future of Development Finance

Europe Draws a Climate Red Line as World Bank Retreat Sparks Battle Over the Future of Development Finance

European Investment Bank reaffirms climate leadership after World Bank abandons financing target, exposing widening divisions across the multilateral system The world’s largest multilateral development banks are entering a defining moment over climate finance. Just days after the World Bank announced it was abandoning its long-standing target that 45 percent of

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Trump’s Clean Energy Tax Credit Rollback Sparks Last-Minute Investment Rush

Trump’s Clean Energy Tax Credit Rollback Sparks Last-Minute Investment Rush

Developers race to lock in federal incentives as renewable energy enters a more expensive era driven by AI-powered electricity demand The scramble is on. Across the United States, renewable energy developers have spent recent weeks rushing to qualify projects before the expiration of federal clean energy tax credits, setting off

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Trump Pressured the World Bank to Retreat on Climate Finance

Trump Pressured the World Bank to Retreat on Climate Finance. Now What?

Days after the World Bank dropped its 45% climate finance target under U.S. pressure, the immediate fight over the benchmark is over. The bigger question now is whether climate resilience remains central to development finance, or becomes politically negotiable. The World Bank’s decision this week to scrap its 45% climate

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Middle East Conflict Risks Triggering $1 Trillion Fossil Fuel Subsidy Surge, UNDP Warns

Middle East Conflict Risks Triggering $1 Trillion Fossil Fuel Subsidy Surge, UNDP Warns

Developing nations forced to divert scarce public resources from education, healthcare and clean energy as geopolitical instability reshapes global development priorities. The economic consequences of the conflict in the Middle East are extending far beyond the region, threatening to reverse years of progress toward sustainable development and the global energy

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As London Climate Week Concludes, Leaders Call for Renewed Climate Cooperation Ahead of COP31

As London Climate Week Concludes, Leaders Call for Renewed Climate Cooperation Ahead of COP31

LONDON — As London Climate Action Week drew to a close, one message emerged consistently from government leaders, investors and climate experts: sustaining international cooperation may be the world’s greatest climate challenge over the next eighteen months. Against a backdrop of geopolitical tensions, economic uncertainty and growing pressure on energy

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Venezuela's Deadliest Earthquake in More Than a Century Sparks Massive National and International Response

Venezuela’s Deadliest Earthquake in More Than a Century Sparks Massive National and International Response

The twin earthquakes that struck northern Venezuela on June 24 have become one of the country’s deadliest natural disasters in more than a century, leaving hundreds dead, thousands injured, and rescue teams racing against time to find survivors beneath collapsed buildings. The two earthquakes—measuring 7.2 and 7.5 in magnitude and

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Europe’s Heat Emergency: Record Temperatures Push Governments Into Crisis Mode

Europe’s Heat Emergency: Record Temperatures Push Governments Into Crisis Mode

Europe is confronting one of the most severe heat emergencies in its modern history, as record-breaking temperatures sweep across the continent, overwhelming hospitals, disrupting transportation, closing schools, and forcing governments to activate the highest levels of emergency response. What was once considered an extraordinary weather event is increasingly becoming a

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From Ideas to Impact: Climate Solutions Prize Awards More Than $1 Million to Accelerate Breakthrough Climate Technologies

MONTREAL, Canada — At a time when the world is searching for pathways to turn climate ambition into tangible results, the Climate Solutions Prize (CSP) is proving that one of the greatest opportunities may lie in identifying and scaling the innovators already building solutions. During the 2026 Climate Solutions Prize

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The Fastest Climate Win on Earth? UN Launches Global Push to Slash Methane Emissions

The Fastest Climate Win on Earth? UN Launches Global Push to Slash Methane Emissions

As governments struggle to keep the Paris Agreement’s 1.5°C target alive, the United Nations is elevating an often-overlooked climate reality: cutting methane emissions may be the fastest and most effective way to slow global warming in the coming decades. Speaking during London Climate Action Week, United Nations Secretary-General António Guterres

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