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United Airlines Backs Twelve’s CO2-to-Fuel Tech for Greener Skies

Mining Giants Push for Renewable Energy in Interior Alaska

Multibillion-dollar mining companies in Alaska’s Interior are joining climate advocates in urging a transition from fossil fuels to renewable energy. Kinross and Northern Star, operators of the region’s largest gold mines, are pressuring the local utility to embrace clean energy—while weighing their own options as federal climate funding stalls and fossil fuel reliance remains entrenched.

Climate Risks Shake UK Finance, but New Rules Spark Hope

The Bank of England’s Prudential Regulation Authority (PRA) has issued a critical warning that UK banks and insurers are inadequately prepared for the mounting financial threats posed by climate change. Through a new Consultation Paper open until July 30, 2025, the PRA proposes stronger climate risk frameworks, including scenario analysis, clearer risk appetites, and improved data governance. Despite some progress, most firms remain in the early stages of integrating climate risk into their operations. The article highlights voices from within the industry and emphasizes the global alignment of these proposals with international sustainability goals. The initiative aims not just to protect financial institutions but to foster a more resilient, equitable transition to a net-zero economy.

ESMA Unveils Draft Rules to Strengthen ESG Ratings and Sustainability Reporting

The European Securities and Markets Authority (ESMA) has released draft Regulatory Technical Standards (RTS) under the 2024 ESG Rating Regulation, introducing strict requirements for ESG ratings providers in the EU. These include authorization, transparent disclosure of methodologies, and robust conflict-of-interest safeguards, with operational separation required for firms offering advisory services. A public consultation is open until June 20, 2025, with final rules expected by October 2025. Additionally, ESMA’s new Guidelines on Enforcement of Sustainability Information strengthen oversight of sustainability reporting, aligning it with financial standards. The risk-based approach targets greenwashing and double materiality, with coordinated EU-wide enforcement. Companies face increased scrutiny, requiring enhanced governance and compliance to meet these rigorous ESG data and reporting standards.

C40, Bloomberg Philanthropies Convene MDBs to Scale Urban Climate Finance

The article details a roundtable convened by C40 Cities, GCoM, and Bloomberg Philanthropies on April 28, 2025, focusing on scaling urban climate finance to meet a $4.5 trillion annual gap by 2030. MDBs pledged increased concessional funds, subnational lending, and risk mitigation to bridge the gap, which current financing ($830 billion annually) covers only 23% of the $800 billion yearly target. Mayors, following a 2024 open letter, urged MDBs to prioritize urban climate needs and direct funding. The dialogue, led by mayors from Tshwane and Kisumu, emphasized adaptation in the Global South and multilevel governance via initiatives like CHAMP. Challenges include limited adaptation finance and Global South funding gaps, but opportunities like the C40 Cities Finance Facility and Bloomberg’s programs offer hope for inclusive, resilient urban solutions.

Brazil Targets $2B in Sustainable Finance to Restore 1 Million Hectares of Degraded Land

Brazil’s Eco Invest Brazil program is launching a $2 billion blended-finance auction to support large-scale sustainable land restoration, with a focus on degraded pastures. With $1 billion in public funds and significant international private capital required, the program is set to become a pioneering effort in climate-aligned investment in emerging markets and a cornerstone of Brazil’s ecological transformation.

France Launches Charter to Support Use of High-Integrity Carbon Credits

France’s new charter for carbon credits emphasizes high integrity and transparency in the carbon market, aligning with the Paris Agreement. Companies are now required to prioritize emissions reductions while using carbon credits only as a complement to their decarbonization efforts. This initiative aims to provide a credible framework for the global carbon market and encourage businesses to invest in high-quality, impactful projects.

France Launches Charter to Support Use of High-Integrity Carbon Credits

New York State Pension Fund Commits $2.4 Billion to Climate Investment Strategies

UK Unveils Integrity Principles to Boost Trust in Carbon and Nature Credit Markets

With carbon and nature credit markets projected to grow exponentially, the UK is laying the groundwork for a new era of credible, investable environmental finance. Its integrity principles seek to balance corporate climate ambition with transparency and scientific rigor—while positioning the UK as a global leader in high-integrity carbon markets.

Trump Administration Halts $5 Billion New York Offshore Wind Project

The federal government’s decision to freeze the Empire Wind project represents a dramatic shift in U.S. energy priorities, with broad implications for climate policy, clean energy investment, and state-federal relations. With billions at stake and a rapidly closing window for climate action, the controversy is shaping up to be a defining battle in the country’s renewable energy narrative.

EU Commission Introduces Key Changes to Simplify Deforestation-Free Supply Chain Law

The European Commission’s updates to the EUDR strike a balance between strong environmental governance and realistic corporate compliance. By introducing annual submissions, reuse permissions, and upstream flexibility, the EU reinforces its leadership in sustainability while acknowledging the need for practical business operations.