Global Climate News

World Bank pioneered green bonds in 2008, followed by Poland and France in 2017. Sovereign sustainable bonds have grown significantly, with Chile and Uruguay leading sustainability-linked bonds adoption.

Nordea has engaged with oil and gas companies through field trips to Texas and Calgary, promoting OGMP 2.0 membership for methane emissions reduction. 14 companies have joined the initiative targeting 45% reduction by 2025.

Net-Zero Banking Alliance released 2024 Progress Report showing strong progress in banks' climate commitments. Nordea, the only Nordic bank in NZBA Steering Group, highlighted for its transition assessment tool.

German Constitutional Court rejected complaint by Lichtblick and 21 other renewable energy operators against government's revenue skimming regulation during energy crisis.

UK has launched Tree Planting Taskforce with ministers from four nations to oversee nationwide tree planting initiative. Government committed £400 million for tree planting and peatland restoration in England.

UK government has paid £57.5 million to farmers through Farming Recovery Fund for flood damage recovery, with £5 billion farming budget announced for sustainable food production over next two years.

UK has announced £1.98 billion investment over three years to IDA, World Bank's fund for lowest-income countries, for economic growth, poverty reduction and climate change projects.

Abu Dhabi's IHC has maintained its investment outlook in Adani Group despite US indictments, citing confidence in their green energy contributions. IHC previously invested $2 billion across Adani companies in 2022.

IUCN Red List has completed a major update on coral reef species assessment, revealing increased threats. Global Fund for Coral Reefs and ICRI launched $12 billion conservation initiative for coral protection.