Key impact points What the draft law sets out Panama’s Ministry of Environment (MiAMBIENTE) introduced the draft Framework Law on Climate Change to: Why it matters “The law has a single objective: to ensure that all future decisions are aligned with protecting the climate system. It’s a commitment to the
Key Impact Points: Basel Retreat from Mandatory Climate Standards Sparks Concern Global financial watchdogs have scaled back their climate oversight ambitions. At its latest meeting in Basel, Switzerland, the Group of Central Bank Governors and Heads of Supervision (GHOS) approved a pivot for the Basel Committee on Banking Supervision—favoring voluntary
Key Impact Points: Republicans propose rollback of Biden-era clean energy incentives House Republicans released draft legislation Monday proposing to eliminate or phase out several key clean energy tax credits to help fund an extension of former President Donald Trump’s tax cuts. The proposal targets credits enacted under President Biden’s Inflation
Key Impact Points: ISSB Responds to Market Feedback The IFRS Foundation’s International Sustainability Standards Board (ISSB) announced proposed amendments to its climate-related disclosure standard (IFRS S2), aiming to ease application challenges without compromising decision-useful information for investors. The proposed changes would significantly affect financial sector companies, offering new reliefs to
Key Impact Points: Sustainable Funds See Record Outflows Amid ESG Backlash Global sustainable funds recorded net outflows of $8.6 billion in Q1 2025, the largest on record, according to Morningstar. The pullback is tied to growing resistance to climate and social investing, driven in part by the return of U.S.
Key Impact Points: EU Plans Final Push to Cut Russian Fossil Fuel Dependence European Commission President Ursula von der Leyen announced Thursday that the EU will publish a detailed roadmap within the next two weeks to phase out all imports of Russian fossil fuels, reaffirming its pledge to sever energy
Key Impact Points: CSA Pauses Key Sustainability Disclosure Rules Amid Global Shifts The Canadian Securities Administrators (CSA) has announced a pause on developing new mandatory climate-related and diversity-related disclosure rules. The decision aims to help Canadian markets adjust to evolving global regulatory landscapes, including developments in the U.S. and EU.
Key Impact Points: Potential Earth Day Action Against Green Groups White House officials are weighing executive orders that could revoke the tax-exempt status of prominent environmental nonprofits, according to sources familiar with the matter. The move, timed around Earth Day, aligns with former President Donald Trump’s broader campaign to expand
Key Impact Points: NZBA Relaxes Climate Target Requirements The United Nations-backed Net-Zero Banking Alliance (NZBA) has officially lowered its climate ambition, scrapping the requirement for member banks to align with a strict 1.5°C warming scenario. New guidelines released April 15 now aim to keep warming “well below 2°C, striving for
Key Impact Points: UNDP and BMUV Deepen Support for Nature-Based Corporate Reporting The United Nations Development Programme (UNDP) and the German Federal Ministry for the Environment (BMUV), through the International Climate Initiative (IKI), have announced new support for the IFRS Foundation and the International Sustainability Standards Board (ISSB)’s Nature-related Disclosure
