The “Scaling Transition Finance” report, published in October 2024 by the Transition Finance Market Review (TFMR), offers a comprehensive roadmap for mobilizing the substantial capital required to achieve global net-zero goals. Commissioned by the UK government and hosted by the City of London Corporation, the report emphasizes the pivotal role
Key Impact Points: Ceres Launches Climate Disclosure Guide for Municipal Bond Market As climate-related disasters escalate in frequency and cost, Ceres has released “Leading with Transparency: A Guide to Strengthening Climate Disclosure and Resilience in the Municipal Bond Market” to help state and local governments improve transparency, access capital, and
Key Impact Points: USGCRP Funding Terminated, National Climate Report in Peril The White House has ended federal support for the coordination of the US Global Change Research Program (USGCRP)—the key body that delivers the U.S. government’s official assessment on climate change every four years. The move, confirmed by multiple sources,
Key Impact Points: Major Boost for Biofuel Infrastructure The U.S. Department of Agriculture (USDA) has announced a landmark $537 million investment in biofuel infrastructure, spread across 543 projects in 29 states. This initiative is part of the Higher Blends Infrastructure Incentive Program (HBIIP), established during the Trump Administration. Secretary Brooke
Key Impact Points: Immediate Fallout from Funding Freeze More than 200 health facilities run by the World Health Organization in Afghanistan have been forced to close or halt operations following severe funding cuts implemented under former President Donald Trump’s administration. This has abruptly terminated vital medical services such as vaccinations,
Key Impact Points: Major Global Conservation Efforts in Jeopardy A wave of uncertainty is sweeping through hundreds of wildlife conservation projects globally following U.S. funding reductions initiated under the Trump administration. Once a lifeline for initiatives protecting critical habitats and endangered species, cuts to USAID and related agencies are now
Key Impact Points: Chaudhury to Shape Global Sustainability in Insurance Amita Chaudhury, Group Head of Sustainability at AIA Group Limited, has been appointed Vice Chair of the United Nations Environment Programme Finance Initiative (UNEP FI) Principles for Sustainable Insurance (PSI), the largest collaborative effort between the UN and the insurance
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: 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
H.E. Ambassador Ilana Seid, Permanent Representative of the Republic of Palau to the United Nations, has recently assumed the prominent role of Chair of the Alliance of Small Island States (AOSIS). Ambassador Seid’s distinguished background in global finance uniquely positions her to champion investment strategies aimed at achieving resilience and
