Environment

               
White House renews talks on declaring climate emergency
White House officials are revisiting the possibility of declaring a national climate emergency, a groundbreaking action that could grant federal powers to limit oil development. 
               
Climate change to cause $38 trillion losses a…
Climate change is projected to cause annual economic losses totaling $38 trillion by 2049, according to findings from the Potsdam Institute for Climate Impact Research…
               
Three-quarters of the Great Barrier Reef affected by…
A recent report from Australian authorities has delivered concerning news about the state of the Great Barrier Reef, revealing that approximately three-quarters of the reef…
               
World leader urge nations to ratify UN Ocean…
The European Union, along with the governments of 13 countries, has called upon nations to prioritize the ratification of a UN treaty aimed at protecting…
               
Dubai comes to a standstill as cloud seeding…
Torrential rains have caused flooding across the United Arab Emirates, leading to flight cancellations, school closures, and traffic jams. The heavy rainfall is partly due…
               
EU to invest 3.5 billion euros for ocean,…
The European Union has pledged 3.5 billion euros towards ocean protection and sustainability this year through a series of initiatives, the EU's top environment official…
               
India braces for soaring temperature as parts of…
India is preparing for a temperature surge in the upcoming weeks, which could strain power grids and endanger lives, especially as election rallies increase. 
               
Renewable energy growth falls short of climate targets,…
According to a report released on Thursday by the prominent think tank REN21, the global addition of renewable energy capacity fell short of the necessary…
               
Taiwan hit by the strongest earthquake in a…
Taiwan experienced its most powerful earthquake in twenty-five years, which collapsed numerous buildings on the eastern side of the island, injured over 50 people, and…
               
CapitaLand Investment’s climate resilience report flags coastal flooding…
CapitaLand Investment's (CLI) inaugural standalone climate resilience report, released on April 1st, highlights coastal flooding as the most significant threat to its global portfolio of…
               
Climate-driven Amazon drought spurs devastating wildfires in Venezuela
On Monday, data showed Venezuela facing a surge in wildfires due to a drought linked to climate change in the Amazon rainforest region.
               
US landfill methane output underestimated by 40%: study
A recent study published in Science reveals that methane emissions from prominent US landfills are, on average, 40% higher than previously documented. Utilizing aerial surveys,…
               
EU countries call for urgent revision of anti-deforestation…
According to a document examined by Reuters on Monday, a coalition of EU nations, led by Austria, is urging immediate revisions to the bloc's forthcoming…
               
Regulators address seabed mining challenges amidst EV battery…
A marine scientist has emerged as a potential new leader for the International Seabed Authority (ISA), signalling a possible shift in the organization's approach to…
               
Study links West Africa’s intense February heatwave to…
A scorching heatwave that hit West Africa in February has been determined by a study to have been intensified by 4 degrees Celsius and made…
               
Highly accurate AI model by Google to predict…
Globally, climate change is exacerbating the frequency and severity of flooding events. However, artificial intelligence (AI) holds promise in mitigating some of these impacts by…
               
US raises alarm over foreign hackers carrying out…
In a letter made public on Tuesday, National Security Advisor Jake Sullivan and Environmental Protection Agency Administrator Michael Regan cautioned state governors about disruptive cyberattacks…
               
International Day of Forests 2024: Forests and Innovation
The International Day of Forests is celebrated on 21st March every year. The theme for International Day of Forests 2024, "Forests and Innovation: New Solutions…
               
The world is ‘losing the battle’ against electronic…
On Wednesday, a UN expert warned that the global struggle against electronic waste is faltering. This caution comes in the wake of a report revealing…
               
Only 10 countries met air quality guidelines by…
A recent analysis revealed that in the past year, only 10 nations and approximately 9% of cities worldwide met the air quality standards outlined by…
               
Why recycling needs a new perspective?
Recent reports about plastic recycling have made it clear that the plastics industry sold recycling as a glorified solution to the planet’s plastic waste problem.…
               
Antarctic scientists raise alarm on bird flu following…
Antarctic scientists are issuing warnings about the transmission of a highly contagious H5N1 avian flu virus, initially identified on the continent's mainland last month and…
               
Shell revises 2030 carbon emissions reduction target 
Shell announced on Thursday that it had revised its target to reduce the intensity of its overall carbon emissions by 2030, attributing this adjustment to…
               
‘Water for All’ resounds on 27th celebration of…
March 14: Global celebration of rivers - vital for ecosystems. Advocates unite to protect and raise awareness for International Day of Action for Rivers.
               
Texas fires release record carbon dioxide in January,…
In January and February, extensive wildfires in Texas emitted 920,000 metric tons of carbon dioxide, marking the second-highest release for that period ever on record.
               
Waste-to-energy technology raises environmental concerns 
Waste-to-energy technology, a waste disposal method by incinerating materials like paper, plastic and wood, has created concerns among environmental groups method as a ‘quick fix’…
               
Mango to choose adaptable clothing as climate change…
Mango, the Spanish retailer, is focusing on adaptable clothing to assist customers in coping with unpredictable temperature fluctuations due to climate change, according to Chief…
               
Europe not ready for accelerating climate risks, report…
The European Environment Agency (EEA) has issued its first risk assessment, indicating that Europe is not well-prepared for the quickly increasing climate dangers it faces.
               
Deforestation in Brazil’s Amazon rainforest fell 30% in…
Government data released on Friday revealed a 30% decrease in deforestation across Brazil's Amazon rainforest in February compared to the previous year. 
               
Extreme heat causes mass coral bleaching of Great…
A government agency reports that a mass coral bleaching event has impacted Australia's Great Barrier Reef. The event was likely triggered by heat stress accumulated…
               
February 2024: Hottest on record amidst alarming climate…
Last month was recorded as the hottest February, according to new data from Copernicus, the European Union’s climate monitoring service. This marks the ninth consecutive…
               
Bengaluru’s acute water shortage hurts international firms
Bengaluru's severe water scarcity is impeding production at its garment factories, doubling restaurant water expenses, and compelling managers at certain global companies to address unconventional…
               
Ocean temperatures hit a record high in February
In February, ocean temperatures reached an unprecedented peak, according to the European Union's Copernicus Climate Change Service (C3S). 
               
EU wins WTO battle over palm oil biodiesel
On Tuesday, the European Union succeeded at the World Trade Organization when a panel dismissed Malaysia's complaint against the EU's decision to exclude palm oil…
               
France aims to curb fast fashion’s environmental impact…
French ruling-majority MPs propose a new bill suggesting penalties of up to 50% of the selling price for fast fashion brands like Shein. 
               
Climate tech firm trials fast-paying flood insurance in…
Floodbase, a New York-based climate tech firm specializing in satellite flood tracking, announced plans to roll out parametric flood insurance for small farmers in Malawi…
               
One-fifth of Mekong river fish species near extinction:…
Unsustainable development threatens the health and biodiversity of the Mekong River, says a report from conservation groups revealing that one-fifth of the fish species in…
               
California faces dangerous wind gusts, while Texas wildfires…
California and the US West still confront dangerous wind gusts and heavy snow until the week's start. Additionally, high winds increase fire dangers in the…
               
Report urges scrapping subsidies for Conifer forests to…
A report from the Royal Society of Edinburgh (RSE) has called on ministers to rethink the substantial subsidies and tax breaks allocated to conifer forests,…
               
Texas wildfire engulfs record 1.1 million acres, marks…
A colossal fire rages across the Texas Panhandle and parts of Oklahoma, engulfing nearly 1.1 million acres (equivalent to 1,700 square miles) and becoming the…
               
Cutting emissions is “essentially” the responsibility of G20…
UN Secretary-General Antonio Guterres stated that cutting emissions is "essentially" the duty of G20 nations, the biggest polluters. He urged more challenging targets and fairer…
               
Global waste production to skyrocket by 2050: UN…
By 2050, waste generated by the public will increase substantially, leading to hundreds of billions of dollars in damage due to biodiversity loss, climate change,…
               
New Zealand to review forestry costs in emissions…
The New Zealand government announced it will start an independent review of the expenses related to the forestry part of the country's Emissions Trading Scheme. 
               
US EPA to launch cleanup projects at hazardous…
On Tuesday, the US environmental regulator announced new cleanup initiatives at 25 hazardous waste sites spanning from New Jersey to Oregon, backed by $1 billion…
               
Brazil partners with largest climate finance alliance to…
Brazil, on Monday, revealed its collaboration with the world's largest financial climate coalition to enhance funding for clean energy and nature restoration initiatives, including the…
               
Activists push back against EU’s decision to exclude…
Climate activists urge the European Union to rethink its choice to leave banks out of a crucial deforestation rule, aiming to avoid an official review…
               
Study finds microplastics present in 100% samples of…
Recent research conducted by University of New Mexico Health Sciences researchers has revealed the presence of microplastics in human placentas, shedding light on a concerning…
               
Climate change raises concerns of more deadly wildfires…
A recent report suggests that deadly wildfires, similar to the ones in central Chile that claimed at least 133 lives this month, could become more…
               
India’s Bengaluru faces acute water shortage
India’s tech city, Bengaluru, is experiencing severe water scarcity even before the peak summer months. Residents are rationing water and paying nearly twice the regular…
               
Britain to miss its decarbonisation targets for 2030,…
Britain is expected to fall short of its goals to cut carbon emissions by 2030 and achieve net zero emissions by the middle of the…
               
Campaign groups accuse UK’s climate strategy of misleading…
Three environmental groups have told London's High Court that Britain's new climate action plan is unlawful because ministers received incorrect information about meeting emissions targets. 
               
Protest at PM Sunak’s residence lands climate activists…
Three Greenpeace activists will face charges for climbing onto Prime Minister Rishi Sunak's home in protest against the government's plan to grant numerous North Sea…
               
High-resolution satellite maps reveal coral reefs larger than…
A new comprehensive high-resolution assessment of the world's corals reveals that the total area covered by coral reefs is more extensive than previously believed. 
               
Solar use soars by 30% on US farms…
According to the latest US Census of Agriculture, solar power is gaining popularity on American farms, with a 30% increase in photovoltaic installations. 
               
Global warming, drought & other disruptions could collapse…
Scientists warned on Wednesday, in a study, that a combination of drought, heat, and other factors, including climate change, could collapse South America's Amazon rainforest…
               
Stora Enso partners with IUCN to develop framework…
Stora Enso announced that it has partnered with the International Union for Conservation of Nature (IUCN) on a framework to verify net positive impact on…
               
California’s atmospheric rivers boost hydropower supplies
The recent atmospheric rivers in California will help its hydropower systems by replenishing reservoirs and increasing snowpack levels. 
               
20% of world’s migratory species in danger of…
The United Nations' first-ever report on migrating animals, released on Monday, reveals that one in five of the world's migrating species face extinction due to…
               
Atlantic Ocean’s circulation reaching a tipping point that’s…
According to a study published in Advanced Sciences, the Atlantic Ocean's circulation, an enormous system of currents, is getting close to a tipping point and…
               
Tensions rise in California’s Morro Bay as conservation…
President Joe Biden's key goals - conservation and transitioning to clean energy - clash in the ocean along California's serene Central Coast. 
               
January was the world’s hottest month ever recorded:…
The European Union's Copernicus Climate Change Service (C3S) reported that this January was the hottest on record, continuing a trend of extreme heat driven by…
               
GEF Council approves $916 million for urgent environmental…
On February 5, the Global Environment Facility allocated $916 million for international action on biodiversity, climate change, nature renewal, and pollution control and to advance…
               
EU Commission set to propose major CO2 cuts…
The European Commission plans to suggest on Tuesday that the EU should reduce the amount of greenhouse gases it produces by 90% by the year…
               
California’s historic storm causes $11 billion in economic…
The recent record storm known as ‘Atmospheric River’ in California, with its unprecedented rainfall, resulted in two fatalities and up to $11 billion in damages…
               
‘Atmospheric river’ blankets over California, governor declares emergency 
Severe weather struck California on Sunday, with heavy rainfall and hurricane-force winds affecting a wide area. A phenomenon known as an atmospheric river. Power outages…
               
Brazil’s Amazon Fund raised $640 million in donations…
Amazon Fund, in 2023, which focuses on developing the rainforest sustainably, received $640 million in new pledged donations from developed countries, Tereza Campello, environmental director…
               
Record Amazon drought linked to climate change, says…
A recent study by World Weather Attribution, an international group of scientists, points to climate change as the primary cause of a historic drought in…
               
UK is not prepared for the worst 2024…
Environmental Audit Committee said in a report published Wednesday that the UK government’s plans to mitigate the effects of rising temperatures published last July mostly…
               
EU leaders show signs of toxic disease due…
Top European leaders, including former vice presidents like Frans Timmermans and the current environment commissioner Virginijus Sinkevičius, have tested positive for a toxic chemical disease…
               
Spain’s Catalonia makes a multi-billion strategy to survive…
In an effort to address water scarcity resulting from less rainfall, Catalonia, home to Spain's second-largest regional economy and the renowned tourist destination Barcelona, is…
               
EPA report: Ireland experiences 1°C temperature rise amid…
Ireland is increasingly susceptible to the effects of climate change, as highlighted by the Environmental Protection Agency's (EPA) groundbreaking Climate Change Assessment Report, which serves…
               
European Alps could lose 46% of glaciers by…
A new computer model developed by scientists from the University of Lausanne, in collaboration with the University of Grenoble, ETHZ, and the University of Zurich,…
               
World Wetlands Day celebration sheds light on ecosystem’s…
Environmental experts, aspiring city planners, and students participated in a guided tour of Bhopal’s wetland on Sunday, on the occasion of World Wetlands Day. 
               
Panama Canal seeks help of coffee farmers to…
In Panama, coffee farmers are being encouraged to plant trees near the country's famous canal in an incentive program. This program not only benefits the…
               
Worries rise over methane emissions as world’s largest…
As the world's largest cruise ship, Icon of Seas, began its maiden voyage on Saturday from Miami, environmental groups are concerned about the release of…
               
China breaks solar records in 2023, surpasses 50%…
In 2023, China exceeded the total solar panel installations of any other nation, contributing to its already substantial lead in the global renewable energy landscape. 
               
Global groundwater levels see ‘accelerated’ decline – study 
A study published on Wednesday reveals a significant and accelerated decline in global groundwater levels over the last four decades. 
               
Nigerian Conservation Foundation’s Green Recovery Nigeria initiative targets…
The Nigerian Conservation Foundation (NCF) announced that through its Green Recovery Nigeria Program, it will aim to reforest about 25% of Nigeria’s total landmass. 
               
West Africa’s city that provides clean water under…
Sierra Leone's capital, Freetown, is facing a severe threat to its clean water supply from a national park.Human activities like land grabbing, charcoal burning, quarrying,…
               
Germany poised for a record wind power as…
Germany's weather service predicts strong gusts in the north, west, and central areas overnight into Monday, with heavy squalls in the North Sea and near…
               
Met Office predicts record high CO2, nears climate…
Carbon dioxide emissions are set to experience one of the largest increases in history this year, bringing the planet closer to the brink of catastrophic…
               
IIT Bombay and Mindspace REIT collaborate for climate…
Mindspace Business Parks REIT has collaborated with the Indian Institute of Technology Bombay for a research project on climate risk assessment. The pilot project currently…
               
Bloomberg’s Zero Podcast examines impact of Trump’s comeback…
On this week’s episode of Bloomberg’s Zero Podcast, Tom Steyer, a hedge-fund billionaire, speaks to Zero host Akshat Rathi about the effects of former US…
               
Nestlé Vietnam invests an additional $100 million in…
Nestlé Vietnam announced an additional investment of $100 million to increase the sustainable coffee production capacity of the Nestlé Tri An factory. This brings the…
               
Trawling ocean seabeds for seafood is releasing huge…
A recent study reveals that the practice of trawling, a destructive fishing technique, the ocean floor for shrimp, cod, and other seafood results in the…
               
EU to cut 90% emissions by 2040
In an ambitious move, the European Union’s executive arm is set to recommend a 90% net reduction of greenhouse gases by 2040 from 1990 levels. 
               
Indonesia to triple its biomass consumption in 2024 
Indonesia plans to increase its use of biomass in power generation to 2.83 million metric tons in 2024, three times the 991,000 tons consumed last…
               
EU bans ‘misleading’ sustainability claims relying on offsets
The EU parliament on Wednesday voted to ban the use of terms such as “climate neutral” or “climate positive” for products and services. This decision…
               
New research shows disturbing decline in Greenland’s last…
According to a study by Nature, a climate change journal, Greenland’s ice sheet has lost 5,091 sq km (1930 sq miles) of area between 1985…
               
US elections will be significant for global climate…
As the US elections pave the path for many major decisions in 2024, John Kerry, who stepped down from his position as a climate envoy,…
               
Unlocking Japan’s Forests: Study finds route to carbon…
A study on Japan's forests has predicted that afforestation and proper forest management can increase CO2 removal and contribute to the national and regional natural…
               
Biodiversity loss requires just as swift action from…
UBS Group AG has warned that investors have largely undermined the effects of biodiversity loss.  UBS Chair Colm Kelleher and Chief Executive Officer Sergio Ermotti…
               
London is not equipped for the consequences of…
London is inadequately prepared for the imminent challenges of heatwaves, flooding, and rising sea levels, according to a report commissioned by Mayor Sadiq Khan.
               
EIA forecasts wind, solar to spearhead US power…
Wind and solar energy will lead power generation in the United States for the next two years, a report by the Energy Information Administration (EIA)…
               
Saving glaciers by taxing tourists: Alaska town doing…
Juneau, Alaska, is addressing the impact of tourism-related emissions on its environment with a distinctive initiative. 
               
EU to develop new law after plastic pellets…
European Union (EU) lawmakers are looking into developing a stronger law against microplastic pollution, after millions of tiny pellets of microplastic washed up on the…
               
Dutch-Caribbean island files lawsuit, urges more measures over…
A lawsuit was filed by the residents of the Dutch-Caribbean island of Bonaire, on Thursday, against the Dutch state demanding the government take more effective…
               
US households dispose 76% of their recyclables
The Environmental Protection Agency's assessment indicates that the United States has an overall recycling rate of just 32% for materials such as glass, plastic, cardboard,…
               
US greenhouse gas emissions dropped for first time…
Greenhouse gas emissions in the United States experienced a 1.9% decrease last year compared to the preceding year. 
               
Greenland startup enters Dubai’s cocktail bars with glacier…
A Greenland-based startup, launched in 2022, aims to enhance the international experience by adding glacier ice, extracted from ancient fjords, into drinks sold at exclusive…
               
Biden’s climate policy shift creates hurdles for LNG…
The Biden administration is reassessing the environmental standards applied in approving upcoming liquefied natural gas export facilities, potentially causing delays in ongoing projects as the…
               
Experts predict 2024 could surpass 2023 as hottest…
Experts are forecasting that 2024 might surpass 2023 as the hottest year in recorded history, attributing this prediction to the exacerbating effects of climate change…
               
COP29 host Azerbaijan to ramp up fossil fuel…
Azerbaijan, the host of this year's UN climate talks, is planning to boost its fossil fuel production by a third over the next decade, as…
               
France aims to cut fossil fuel share to…
France is set to target a reduction in the proportion of fossil fuels in its energy consumption mix to 40%, down from over 60%, by…
               
Spain’s electricity consumption fell 2.3% for a second…
Electricity consumption in Spain experienced a consecutive 2.3% decline in 2023 for the second year in a row, sparking concerns about a surplus in supply. 
               
US solar industry to experience modest growth in…
The solar industry in the United States is expected to see moderate growth in 2024, with a decline in electricity prices and the support of…
               
West Texas earthquake rate plummets after crackdown on…
In 2023, West Texas witnessed a notable decrease in earthquake frequency, marking the first such decline in over five years. This shift followed regulatory actions…
               
Antarctica’s transformative changes in 2023 ring alarm bells…
As the sun hangs perpetually in the sky of the Antarctic summer, scientists have witnessed unprecedented environmental upheavals in 2023, prompting concerns about humanity's lasting…
               
Climate groups criticize Berlin’s proposal for driverless magnetic…
Efforts are underway to implement a driverless magnetic train system in Berlin, designed to traverse the city and transport both passengers and goods. This initiative…
               
Australia’s Agriculture Minister cites climate change impact on…
Australia's Agriculture Minister, Murray Watt, addressed the challenges in predicting extreme weather events, attributing the difficulty to climate change effects. Speaking on the Australian Broadcasting…
               
Met office records highest Christmas Day minimum temperatures,…
The Met Office has provisionally documented a historical milestone, marking the highest daily minimum temperatures for Christmas Day on record, amid forecasts predicting exceptionally warm…
               
Developing nations face the most climate finance challenges,…
Amidst the relentless onslaught of the climate crisis, developing nations find themselves on the frontlines, grappling with distinct vulnerabilities such as floods, droughts, and unpredictable…
               
Older women to sue Switzerland, seeking climate action
The Swiss organization of older women, KlimaSeniorinne, is taking the government to the European Court of Human Rights, alleging insufficient efforts in addressing the climate…
               
Kerbside drop points for small electric goods to…
Government proposals aim to enhance recycling efforts in the UK by potentially introducing kerbside collections for small electrical items like toasters and hairdryers starting in…
               
Heavy fog in China braces for transport disruptions…
Holidaymakers throughout China were preparing for potential transportation disruptions. 
               
River Danube bursts its banks, water levels at…
On Thursday, the River Danube overflowed in Budapest, reaching its highest water levels in a decade. The surge resulted from a combination of heavy rain…
               
UK in turmoil as climate change triggers seasonal…
The National Trust emphasizes that the disruption of predictable weather patterns is creating disorder in nature. 
               
European power prices dive into negative due to…
Robust wind generation and reduced demand during the holiday season caused electricity prices to drop below zero in Germany. Wholesale markets in France, Denmark, and…
               
Northwestern Chinese cities implement industrial halts to combat…
In Northwestern China, the cities of Xian and Yinchuan have urged residents to remain indoors, restricted heavy industrial activities, and ceased coal processing.
               
China to face extreme heat in 2024 
Experiencing one of its coldest Decembers on record, China is anticipated to face the challenges of scorching heat and heightened extreme weather conditions next year,…
               
India invests in AI models to forecast severe…
India is experimenting with artificial intelligence (AI) to develop climate models aimed at enhancing weather forecasting, given the rising occurrences of torrential rains, floods, and…
               
International Ski Federation urged to cut emissions as…
Following an initial promise of early snowfall in certain European regions this autumn, the familiar pattern of recent years returned, with rain and sleet taking…
               
Global food supplies expected to remain tight amid…
Rising food prices have spurred increased planting of cereals and oilseeds by farmers worldwide. However, consumers are anticipated to face continued tight supplies throughout 2024…
               
UK’s Sheffield City emission reduction stalls at 3%…
A recent report has disclosed that a council, despite declaring a "climate emergency" over four years ago, has only managed to reduce emissions by 3%.
               
French climate damage measures deemed sufficient despite delays,…
France's efforts to curb climate damage, though belated, were deemed adequate by a French court on Friday, dealing a setback to environmental campaigners seeking a…
               
Uganda renews Nigerian firm’s oil exploration license by…
Uganda's Ministry of Oil has announced the approval of a two-year renewal for the oil exploration license granted to the Nigerian company Oranto Petroleum Limited. 
               
Canada PM says Trump’s win in 2024 could…
Canadian Prime Minister Justin Trudeau expressed concern about the potential adverse impact on global climate change efforts if the leading Republican candidate, Donald Trump, were…
               
US secures rights to massive seabed area amid…
The United States has extended its claims over the ocean floor, encompassing an area twice the size of California. This extension grants the US exclusive…
               
Regenerative grazing: How cattle could become a climate…
Industrial cattle production is notoriously destructive, churning out potent greenhouse gasses. But studying the migratory patterns of ancient bison herds reveals a sustainable alternative: regenerative…
               
Indonesia imposes $310 million fines on palm oil…
On Friday, Indonesia announced its intention to impose fines totaling 4.8 trillion rupiah ($310.1 million) on palm oil companies operating within forest areas.
               
Widespread bird flu outbreak in Antarctic could cause…
Experts on the highly contagious bird flu warn of its likely expansion in the Antarctic region, posing a significant threat to wildlife. 
               
World’s largest iceberg heading towards the open ocean,…
The colossal iceberg A23a, almost 4,000 square kilometers in size, three times the size of New York City, has finally begun its first movement in…
Strategies for accelerated climate finance according to the World Economic Forum

As the urgency of climate change intensifies, governments worldwide are implementing policies to stimulate private climate finance. However, effective mobilization requires innovative strategies tailored to incentivize investment, promote accountability, and mitigate risks. Here are four key considerations mentioned in a World Economic Forum report:

ABB invests in GridBeyond to enhance energy management solutions

ABB has announced a minority investment in GridBeyond, a technology company specializing in energy management solutions driven by artificial intelligence and data science. 

Scotiabank issues first €1 billion green bond in European market 

Scotiabank has launched its first-ever €1 billion, 5-year senior fixed-rate green bond in the European market. This issuance aligns with Scotiabank's Sustainable Issuance Framework, released on April 5, 2024. 

Australia delays environmental law reforms, raising concerns for wildlife

The Australian government has backtracked on its commitment to reform environmental protection laws, indefinitely deferring necessary changes to the Environment Protection and Biodiversity Conservation Act. 

JDE Peet’s expresses concerns over tight deadline to EU’s deforestation law

JDE Peet's, a major coffee company, raised concerns over the stringent timeline set by the new EU law banning the import of commodities and related goods linked to deforestation worldwide, Reuters reported.

EU carbon price drop threatens funding for green tech

The European Union faces a potential shortfall in funding for green technologies as the price of carbon permits dropped significantly this year, affecting the EU Innovation Fund and low-carbon projects.