Key Impact Points: COP29 Kicks Off Amid Global Tensions The 2024 UN climate summit, COP29, has begun in Baku, Azerbaijan, drawing over 32,000 participants from 198 countries. This summit, branded the “finance COP,” aims to secure greater funding for climate action and emissions reduction, especially for lower-income countries. Yet, controversy
3 Key Impact Points: Understanding COP29’s Climate Jargon With climate negotiations becoming more complex each year, COP29 in Baku is set to tackle a broad range of terms integral to global discussions. Here’s what to know: UNFCCC and COP UNFCCC stands for the United Nations Framework Convention on Climate Change.
Key Impact Points: 1. Will the Inflation Reduction Act Face Modifications? A critical question for the upcoming administration is the future of the Inflation Reduction Act (IRA). Trump has indicated plans to cut or scale back funding for the IRA, which currently supports renewable energy projects and investments. This could
Key Points: Baku Takes Center Stage for COP29 Azerbaijan is set to host COP29, making it the focal point of climate action discussions for the next two weeks. This event marks another pivotal moment for addressing climate change as world leaders, top financiers, and industry experts converge in Baku to
Record-Breaking Solar Capacity Global solar capacity has reached a historic 2 terawatts (TW), according to exclusive data from the Global Solar Council shared with Reuters. This figure represents a surge in solar power deployment, with the last two years alone contributing more capacity than the previous 68 years combined. Comprehensive
Key Impact Points: Strategic Shift in Leadership to Drive Sustainable Focus Schneider Electric’s board has appointed Olivier Blum as the new CEO, replacing Peter Herweck in a surprise move. The change reflects the board’s desire for rapid progress in sustainable IT, AI readiness, and data center expansion. “The Board of
Key Points: As global leaders convene for the 29th Conference of the Parties (COP 29) in Baku, the spotlight will be on setting a transformative New Collective Quantified Goal (NCQG) for climate finance. This new commitment, starting at a floor of $100 billion per year, aims to empower developing countries
Key Impact Points: Amazonia Bonds: A New Financial Instrument for Conservation and Development The Inter-American Development Bank (IDB) and the World Bank have introduced comprehensive guidelines for Amazonia Bonds, aimed at financing projects that benefit Amazonian biodiversity, local communities, and zero-deforestation initiatives. These bonds are designed as a credible, standardized
Key Impact Points Cleantech Investment Surge Clean energy technology investment in 2024 is forecasted to reach nearly $800 billion, a significant increase from 2023. This momentum is largely driven by solar investments, which will account for 55% of the total spend, while onshore wind follows closely. Battery energy storage and
Key Impact Points: Global Gathering for Biodiversity and Sustainability COP16, held in Cali, Colombia, unites representatives from nearly 200 nations, industry leaders, and advocates to address biodiversity. With wildlife populations having plummeted by 69% in the last fifty years, the event emphasizes urgent measures to restore ecological balance. The aim:
