WASHINGTON — In a fresh reversal of post-Paris financial policy, U.S. banking regulators have withdrawn landmark guidance on climate-related financial risks, erasing a federal framework that had directed the largest banks to account for climate exposure in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
Belem, Brazil — As world leaders and climate negotiators prepare to gather in the Amazonian city of Belem this November for COP30, an unexpected obstacle is overshadowing the climate agenda: soaring hotel prices. Many delegations are warning that accommodation costs have become so high that some countries may be forced
Developers rush to build solar, wind, and battery projects before federal incentives vanish WASHINGTON — Across the United States, a quiet race is unfolding in the deserts of Nevada, the plains of Texas, and the coastlines of New England. Solar panels are rising, wind turbines are spinning, and massive batteries
Global Report Confirms Planetary Threshold Crossed In a landmark assessment released this week, an international coalition of scientists declared that the world’s coral reefs have officially crossed a climate tipping point—becoming the first major Earth system to enter irreversible decline. The findings, published in the Global Tipping Points Report 2025,
WASHINGTON — The Trump Administration has canceled a massive solar energy project in Nevada that was expected to power nearly two million homes, a move that underscores the White House’s escalating campaign to slow the expansion of renewable energy across the United States. The project, known as Esmeralda 7, was
A New Reality in the Pacific In the low-lying islands of the Pacific, the ocean has become both a giver of life and a harbinger of exile. Rising tides now lap at homes that once stood firm for generations. Families from places like Tuvalu, Kiribati, and Tokelau speak of nights
The Sahel stretches across the spine of Africa like a fragile thread, a vast semi-arid belt where the desert meets the savannah and where, today, the future of millions hangs in the balance. The UN warned on Friday that nearly four million people have been uprooted across the region, forced
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
PARIS — In a decision that blends symbolism with strategic urgency, the executive board of UNESCO has nominated Egyptian Egyptologist and former minister Khaled el-Enany to serve as its next Director-General. If confirmed by the organization’s full membership next month, he will become the first Arab leader to helm the
Why Pope Leo XIV speaks differently after a UNGA that echoed old divides When the world’s leaders assembled at the UN General Assembly last week, the climate debate again exposed the fracture lines in global solidarity. Familiar posturing, evasions, and outright denialism overshadowed the urgent need for decisive action. In
