The International Maritime Organization (IMO) has unveiled a landmark framework that will commit the global shipping sector to net-zero emissions by 2050, marking one of the most significant climate actions in maritime history. The framework, targeting vessels over 5,000 gross tonnage—which account for roughly 85%...
Roche Sets 2045 Net-Zero Target with 90% Emissions Cut: “Planetary and human health are interconnected”
Swiss healthcare leader Roche has announced an ambitious roadmap to reach net-zero emissions by 2045, targeting a 90% absolute reduction across its full value chain—a plan now validated by the Science Based Targets initiative (SBTi) in line with the 1.5°C Paris Agreement threshold. The move place...
SBTi Targets Big Polluters with New Sector Standards: “Tools to lead the energy transition”
The Science Based Targets initiative (SBTi) is accelerating global decarbonization with a major update to its sector-specific standards, focusing on oil and gas, chemicals, and power—industries responsible for a substantial share of global greenhouse gas emissions. The initiative’s goal is to equip high-impact sectors ...
Verra Joins SSFA to Strengthen Southeast Asia’s Climate Finance Ecosystem
In:
Decarbonization
Verra, the nonprofit global standard-setter for climate and sustainability action, has officially joined the Singapore Sustainable Finance Association (SSFA) to accelerate the development of high-integrity carbon markets and climate finance in Southeast Asia. The move underscores Verra’s growing presence in t...
USDA Shifts Focus to Farmer-Centered Funding with New AMP Program
In:
Green Finance
The U.S. Department of Agriculture (USDA) has announced the discontinuation of the Partnerships for Climate-Smart Commodities (PCSC) program, replacing it with the Advancing Markets for Producers (AMP) initiative. The shift is part of a strategy to reduce inefficiencies and ensure that federal funds are better allocated to benef...
Masdar to Develop $1B Floating Solar Projects in Indonesia, Expanding Renewable Energy Capacity
Masdar, the UAE’s leading renewable energy company, has secured two major agreements with PT PLN (Persero), Indonesia’s state-owned electricity provider, to accelerate the deployment of floating solar power in the Southeast Asian nation. The agreements, which were signed during a state visit by Indonesia’s President H.E. Prabowo...