Summary What is climate finance? Climate finance refers to financial resources and instruments that are used to support action on climate change. Climate finance is critical to addressing climate change because of the large-scale investments that are needed to transition…
The Science Based Targets initiative (SBTi) has launched the world’s first science-based decarbonization framework for all iron- and steelmakers worldwide to develop and set emissions reduction targets within the unique context of the industry. Through this guidance, the SBTi outlines by how…
Lawmakers in the European Parliament voted 470-120 to approve new legislation mandating that renewables constitute 42.5% of the EU’s energy consumption by 2030, as well as setting more ambitious clean energy targets to several high-emitting sectors, and speeding up the…
More than 90% of executives are expecting to meaningfully increase their spending this year on ESG data, with the vast majority believing that ESG data investment is required to keep pace with competitors or to develop a competitive advantage, according…
Governments meeting at COP28 need to “support systems transformations” that mainstream climate resilience and low GHG emissions development to reinforce global efforts to tackle climate change. The need for systems transformations was emphasized in the Synthesis Report on the Technical Dialogue…
Geneva, 6 September 2023 – Today, 27 of the world’s largest nature conservation organizations, institutes, business and finance coalitions, including WBCSD, have come together to launch a new initiative aimed at driving alignment around the definition, integrity and use of the…
The Chairman of the Turkish Parliament’s Environmental Committee and AK Party Istanbul Deputy, Murat Kurum, has announced that the Climate Law will be presented to the parliament for approval in the new term. Kurum stated, “Following discussions within our Environmental…
Water and climate change are inextricably linked. Climate change affects the world’s water in complex ways. From unpredictable rainfall patterns to shrinking ice sheets, rising sea levels, floods and droughts – most impacts of climate change come down to water water (UN…
The world’s average temperature has reached a new high for the third time in a week, unofficial records show. Data analysed by a group of US scientists shows the global average temperature on Thursday was 17.23C. It breaks the 17.01C…
The global shipping industry has agreed to reduce planet warming gases to net-zero “by or around 2050”, but critics say the deal is fatally flawed. Ships produce around 3% of global CO2 but countries will now have to reduce this…