Lawmakers in the European Parliament voted 418-79 on Thursday to approve the adoption of a new European Green Bond (EuGB) label, aimed at fighting greenwashing and providing investors with confidence that their investments are being appropriately directed towards financing sustainable…
Summary What is climate finance? Climate finance refers to financial resources and instruments that are used to support action on climate change. Climate finance is critical to addressing climate change because of the large-scale investments that are needed to transition…
The Science Based Targets initiative (SBTi) has launched the world’s first science-based decarbonization framework for all iron- and steelmakers worldwide to develop and set emissions reduction targets within the unique context of the industry. Through this guidance, the SBTi outlines by how…
Lawmakers in the European Parliament voted 470-120 to approve new legislation mandating that renewables constitute 42.5% of the EU’s energy consumption by 2030, as well as setting more ambitious clean energy targets to several high-emitting sectors, and speeding up the…
Geneva, 6 September 2023 – Today, 27 of the world’s largest nature conservation organizations, institutes, business and finance coalitions, including WBCSD, have come together to launch a new initiative aimed at driving alignment around the definition, integrity and use of the…
The Chairman of the Turkish Parliament’s Environmental Committee and AK Party Istanbul Deputy, Murat Kurum, has announced that the Climate Law will be presented to the parliament for approval in the new term. Kurum stated, “Following discussions within our Environmental…
Water and climate change are inextricably linked. Climate change affects the world’s water in complex ways. From unpredictable rainfall patterns to shrinking ice sheets, rising sea levels, floods and droughts – most impacts of climate change come down to water water (UN…
Europe is experiencing some of the hottest temperatures of summer 2023 so far, as a ‘heat dome’ expands over the southern half of the continent. This weather pattern allows a warm air mass to build up under a high-pressure system,…
Collaboration is crucial if we are to accelerate the transformation to a net-zero economy. Ayla Dinçay, Technical Manager for the Science Based Targets initiative (SBTi) Buildings Project, explains what the initiative is doing to foster cooperation and accelerate the decarbonization of…
Companies reporting under the new climate disclosure standards being developed by the International Sustainability Standards Board (ISSB) of the IFRS Foundation will be given an additional year to provide disclosure on some sustainability-related risks, in order to enable them to…