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's Lead ESG Expert discusses biodiversity challenges, corporate sustainability reporting requirements, and upcoming national biodiversity strategies. Companies must now address nature-related impacts across their value chains.

South African President discussed electricity sector reforms, climate change impacts, and infrastructure development including renewable energy initiatives in address to National Council of Provinces.

North Rhine-Westphalia's Higher Administrative Court ruled in favor of solar installations on heritage-protected buildings in two separate cases, prioritizing renewable energy expansion over monument protection.

UK Transport Secretary announced new Integrated National Transport Strategy focusing on sustainable local transport systems, public ownership of railways, and empowering local leaders to design region-specific networks.

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.

SolarPower Europe has proposed an IPCEI for smart electrification to support EU's inverter industry, focusing on hardware, software and disruptive technology advancement. EU currently has 80 GW inverter manufacturing capacity.

Environment Agency issued Closure Notice to Walleys Quarry Ltd requiring permanent closure of Newcastle-under-Lyme landfill site due to failure to manage gas emissions effectively.

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