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...
Air New Zealand Revises 2030 Climate Targets with Focus on SAF and Realistic Emissions Reduction
Air New Zealand has updated its climate targets for 2030, aiming to reduce net greenhouse gas emissions by 20% to 25% from 2019 levels. This shift comes after the airline dropped its original Science Based Targets initiative (SBTi)-approved goal, which it deemed unattainable due to delays in enabling technologies, sustainable av...
Envision to Build Latin America’s First Net-Zero Industrial Park in Brazil
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...
World’s First Large-Scale E-Methanol Plant Launches in Denmark
The world’s first commercial-scale e-methanol facility is now operational in Kassø, Denmark, marking a significant leap in the global transition to low-emission fuels. The €150 million plant, a joint venture between European Energy (51%) and Japan’s Mitsui & Co. (49%), will produce 42,000 tonnes of e-methanol annually—equiva...
Google Launches AI for Energy Accelerator to Drive Europe’s Clean Energy Future
Google has announced the launch of its AI for Energy Accelerator in Europe and Israel, aimed at supporting startups focused on transforming the region’s energy systems using artificial intelligence. The 12-week, equity-free program is designed to help early-stage companies harness AI-driven solutions for grid modernization...
MDBs Commit to Scaling Urban Climate Finance, but Major Gaps Remain
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Green Finance
Multilateral Development Banks (MDBs) are ramping up their efforts to address the urgent need for urban climate finance, with a focus on bridging the annual $4.5 trillion gap required to meet climate goals by 2030. The effort comes as cities around the world demand more direct funding and strategic integration of their climate p...