Markets

The Basel Committee on Banking Supervision has committed to intensifying its efforts to assess and disclose the financial risks posed by climate change, particularly in relation to extreme weather events. At a meeting held on May 12, 2025, the Group of Central Bank Governors and Heads of Supervision (GHOS) reaffirmed its dedicat...

Envision, a global leader in green technology, has partnered with the Brazilian government to establish Latin America’s first Net-Zero Industrial Park in Brazil, marking a significant milestone in the region’s green energy transition. This ambitious project will focus on the production of Sustainable Aviation Fuel...

Governor Kathy Hochul has announced a landmark $1 billion investment in New York’s future as part of the state’s FY 2026 Enacted Budget, marking the most ambitious climate, environmental, and agricultural agenda in the state’s history. The Sustainable Future Program, a central component of the budget, aims to transform New...

German Chancellor Friedrich Merz has called for the full cancellation of the European Union’s Corporate Sustainability Due Diligence Directive (CSDDD), signaling a potential shift in Europe’s approach to environmental, social, and governance (ESG) regulation. In a statement made during his first official visit to Bru...

The Council of the European Union has approved a significant amendment to CO₂ emissions regulations for new passenger cars and vans, providing car manufacturers with greater flexibility in meeting the 2025 emissions targets. The new framework will assess compliance over a three-year average (2025-2027), rather than annually, eas...

The U.S. Department of Justice (DOJ) and a coalition of 24 state attorneys general have launched legal challenges against New York and Vermont’s newly enacted “climate superfund” laws. These laws aim to hold fossil fuel companies accountable for the environmental damage caused by climate change, potentially extractin...