ING Bank Faces Lawsuit from Dutch Nonprofit over Alleged Climate Failures
ING Group, one of the largest financial institutions in the Netherlands, has recently come under fire as it faces a lawsuit filed by the Dutch nonprofit organization, Milieudefensie. The environmental group accuses the bank of failing to adequately address and mitigate climate risks associated with its financing activities, particularly in connection with industries contributing significantly to carbon emissions.
Continue reading
Indonesia Secures $20 Billion Climate Deal Despite US Withdrawal
In a monumental move for climate finance, Indonesia has officially confirmed a groundbreaking $20 billion deal aimed at reducing emissions and combating climate change. This agreement was solidified even in the face of the recent United States exit from similar international climate commitments. The deal is expected to play a significant role in not only safeguarding Indonesia's rich biodiversity but also in promoting sustainable development across the archipelago.
Continue reading
The Resurrection of the 1.5°C Climate Threshold: A New Hope for Global Efforts
Recent discussions among climate scientists and policymakers have reignited optimism regarding the possibility of limiting global warming to 1.5°C above pre-industrial levels. Once deemed almost impossible due to alarming trends in greenhouse gas emissions and a surge in climate-impacting events, the 1.5°C target is now back on the table as nations reassess their commitments to this ambitious goal.
Continue reading
Indonesia Unveils New Carbon Offset Sales to Strengthen Trading Market
In a strategic move aimed at fortifying its carbon trading market, Indonesia has announced plans to officially permit new carbon offset sales. This decision, revealed on March 14, 2025, marks a significant shift in the nation’s approach to environmental sustainability and carbon emissions reduction. The initiative is part of Indonesia's broader commitment to combat climate change and bolster its position in the global carbon market.
Continue reading
Bankers Climate Alliance Faces Crucial Decision on 1.5°C Climate Goal
The Bankers Climate Alliance, a coalition of leading financial institutions committed to climate action, is gearing up for a significant vote that could alter its long-standing commitment to the internationally recognized 1.5°C global temperature increase limit. This forthcoming decision comes amid rising pressures on the financial sector to address and navigate the multifaceted challenges posed by climate change.
Continue reading
Malaysia Sets Ambitious Goal with New CO2 Storage Bill to Become Regional Hub
In a pivotal move towards environmental sustainability, Malaysia has unveiled a groundbreaking bill aimed at promoting carbon dioxide (CO2) storage. This legislation represents a strategic initiative to transform the country into a regional hub for carbon capture and storage (CCS) technology, as it responds to growing concerns regarding climate change and the race to meet global carbon reduction targets.
Continue reading
China's Steel Industry Faces Major Cuts to Achieve 2025 Climate Targets
In a significant development towards its ambitious climate goals, China has been urged to reduce its steel production capacity by 15% by the year 2025. This directive comes as part of the nation's broader commitment to limit carbon emissions and transition to more sustainable practices within one of its most polluting sectors.
Continue reading
Japan Unveils Ambitious 2035 Emissions Reduction Target Amid Global Climate Goals
In a significant move suggesting its commitment to combating climate change, Japan has officially announced its emissions reduction target for 2035. However, this target is being scrutinized, as it appears to fall short of the global goals established to tackle the urgent climate crisis. The plan aligns with Japan's long-term climate strategy but has been met with criticism from environmental groups and experts who highlight the need for more aggressive measures.
Continue reading
World's Climate Crisis: We Have Likely Crossed the 1.5°C Threshold
In a concerning development for the global climate, recent analysis suggests that the world has now virtually crossed the critical threshold of 1.5 degrees Celsius in temperature rise since the pre-industrial era. This figure, which has long been viewed as a pivotal limit in international climate agreements, indicates a significant shift towards increasingly severe climate impacts that could outpace efforts to mitigate catastrophic consequences.
Continue reading
Japan Faces Challenges in Submitting New Climate Goals on Time
Japan has recently announced the difficulties it faces in meeting the deadline for its updated climate goals, which were mandated under the Paris Agreement. The commitment includes a target for emissions reductions, a crucial element in the global fight against climate change.
Continue reading