Key Impact Points: The Start of COP29: Urgency for Climate Finance The UN’s COP29 kicked off this past Monday in Baku, Azerbaijan, against the backdrop of a year marked by unprecedented heatwaves, wildfires, floods, and hurricanes. Dubbed the “climate finance COP,” the summit aims to secure financial commitments to support
Key Impact Points: COP29 Leader Faces Allegations A senior official at COP29, Elnur Soltanov, has been caught in a controversial situation after being filmed discussing potential fossil fuel investments while promoting the upcoming climate summit. Soltanov, who is also Azerbaijan’s deputy energy minister and sits on the board of state
Key Impact Points: Companies Falling Short on Climate Action The 2024 EY Global Climate Action Barometer reveals that while climate-related disclosures are improving, they fall short of the pace needed to combat the climate crisis. Despite increased coverage (94%) and improved quality (54%) of disclosures, only 41% of large companies
Key Impact Points: The Importance of Climate Transition Plans Climate transition plans (CTAPs) are becoming a crucial part of corporate sustainability efforts. By 2025, European regulations will require companies to disclose their CTAPs or justify why they don’t have one. This shift represents a significant push towards transparency and accountability
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
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
The Discovery of Chonkus An international research team, led by Max Schubert, Ph.D., and Braden Tierney, Ph.D., from Harvard, discovered a remarkable type of algae in the CO2-rich waters near Vulcano, Italy. Named “Chonkus,” this round and heavy algae was found to thrive in carbon-abundant environments. Field Observations and Lab
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
