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CalPERS has invested $53 billion towards climate solutions, more than halfway to its $100 billion target. However, it faces calls to stop purchasing ExxonMobil bonds, which critics argue fuel the climate crisis.

Experts believe China’s CO2 emissions and coal use could peak by 2025, driven by clean energy growth. However, fast energy consumption growth may challenge global climate targets.

Extantia Capital closes its €204M climate tech fund to back startups advancing sustainable solutions, focusing on early-stage investments and scaling innovations that align with economic and environmental goals.

BNP Paribas Asset Management halts investments in new oil and gas bonds, requiring companies to meet strict climate commitments as part of its push for sustainability-focused financial strategies.