Global investment in clean fuels will need to quadruple by 2030 to meet global clean fuel ambitions, according to a new World Economic Forum report 'Fuelling the Future: How Business, Finance and Policy can Accelerate the Clean Fuels Market', developed in collaboration with Bain & Company. Highlighting the potential of the sector to stimulate job growth and diversify energy supply, the report sets out policy, business and financing measures that can turn global goals into credible, economically viable projects.
Features

Severe convective storms the costliest insured peril of this century
Severe convective storms (SCS) have surpassed tropical cyclones to become the costliest insured peril of the 21st century, according to Aon's annual Climate and Catastrophe Insight report. The report shows how increasingly common, high-volume events are reshaping global loss patterns and highlights the critical importance of both physical and financial resilience to help organisations manage volatility and unlock insurability.

WEF: global cooperation remains good in the face of geopolitics
Global cooperation is proving resilient even as multilateralism continues to face strong headwinds, according to the World Economic Forum’s Global Cooperation Barometer 2026. However, cooperation is below where it needs to be to address critical economic, security and environmental challenges. Dialogue is a critical factor in identifying pathways that advance shared interests.

Commission takes measures to transition Europe to a circular economy
The European Commission has unveiled a first set of pilot actions to accelerate Europe's transition to a circular economy, with a particular focus on the plastics sector. The Commission says that by optimising the recycling of plastics, these measures will further unlock the potential of the Single Market and enhance the EU's economic security, strategic autonomy, competitiveness and environmental sustainability.
Updates
Spain’s Repsol installs its second 100MW electrolyser
Repsol is making further progress in its industrial decarbonisation strategy through renewable hydrogen and will install its second large-scale electrolyser at its Petronor refinery in Muskiz close to Bilbao in Northern Spain. Last September, the company approved the construction in Cartagena of its first large electrolyser, with a capacity of 100 megawatts (MW).
More decisive reform needed to secure UK leadership in finance
TheCityUK and PwC UK have published a report setting out the actions needed for the UK to lead in the next era of global finance. The report, ‘No time to lose: Reasserting UK leadership in financial and related professional services’, draws on engagement with over 300 senior leaders across industry, government, regulators and academia – and is underpinned by new economic modelling and international benchmarking from PwC.
Millions in UK water company fines for waterway restoration
Water companies who broke environmental rules are now funding the recovery of England’s waterways, as local communities and environmental groups are being put in the driving seat to clean up rivers, lakes and seas. The UK Government is reinvesting £29m from water company fines into local projects which clean up the environment – funding over 100 projects which will improve 450km of rivers, restore 650 acres of natural habitats and plant 100,000 new trees.
£43m boost for UK green aviation to drive growth
The investment comes as the UK Government drives forward plans for expansion at Heathrow, Gatwick and Luton airports. With the production of low-carbon fuels alone expected to add up to £5bn to the economy by 2050, the funding will drive millions of pounds of private investment into the aviation sector, says the Government.
UN: global economy holding up but clouded by uncertainty
The global economy has shown resilience, but the outlook remains clouded by trade tensions, fiscal strains and persistent uncertainty, according to a United Nations report. Growth is expected to slow to 2.7% in 2026, below 2025 levels and the pre-pandemic average, as subdued investment and structural headwinds weigh on momentum despite easing inflation and monetary loosening.
World Bank: worldwide economy steady but developing economies struggling
The global economy is proving more resilient than anticipated despite persistent trade tensions and policy uncertainty, according to the World Bank’s latest Global Economic Prospects report. Global growth is projected to remain broadly steady over the next two years, easing to 2.6% in 2026 before rising to 2.7% in 2027, an upward revision from the June forecast.
FGS: The Global Radar 2026 reveals a world that is being rewired
The FGS Global Radar 2026 reveals a world that is being rewired - politically, economically, technologically and socially. Public pessimism is reaching crisis levels, divides are deepening, institutions that once moderated are losing their grip.
Oliver Wyman & Uni of California: Industry 5.0 is a driver of GDP
Industry 5.0 places human creativity and welfare, sustainability, and resilient systems at the centre of business and government strategies for the benefit of economies, societies and the planet. The combination of these elements can add $1tr annually to global GDP in addition to technology-driven profits, says 'The Industry 5.0 Index', created by the Oliver Wyman Forum and the University of California, Berkeley.
Growth unlocked through enhanced sustainability data
The UK Sustainable Investment and Finance Association’s (UKSIF’s) institutional investor members were surveyed in November 2025 to gauge the investment community’s experience and use of sustainability data from investee companies and wider assets. Sustainability data – specifically the environmental, social, and governance (ESG) information that companies and assets disclose – is increasingly crucial for financial markets.
Carbon Border Adjustment Mechanism (CBAM) goes live on 1 January 2026
Those importing more than 50 tonnes of cement, iron and steel, aluminium, fertiliser, as well as all importers of electricity or hydrogen, need to have submitted an application for a CBAM account number or a CBAM application
reference number under the EU CBAM (or received an authorisation at the time of import). Importers who have not already submitted applications need to act fast now to avoid risking disruptions, delays or penalties. Applications must be submitted prior to import and at the latest by 31 March 2026 for all concerned import companies.
World Weather Attribution: was 2025 a bad year for extreme weather?
Every December, the World Weather Attribution (WWA) asks: was it a bad year for extreme weather? And each year, the answer becomes more unequivocal: yes. Fossil fuel emissions continue to rise, driving global temperatures upward and fuelling increasingly destructive climate extremes across every continent. Although 2025 was slightly cooler than 2024 globally, it was still far hotter than almost any other year on record and the impacts of this hotness were unmistakable.
Researchers say global warming could trigger the next ice age
A missing feedback in earth’s carbon cycle could cause global warming to overshoot into an ice age, say researchers at University of California - Riverside. As the planet warms, nutrient-rich runoff fuels plankton blooms that bury huge amounts of carbon in the ocean. In low-oxygen conditions, this process can spiral out of control, cooling earth far beyond its original state. While this won’t save us from modern climate change, it may explain earth’s most extreme ancient ice ages.
New funds to unlock millions for frontline environmental action
A new package of $67m has been approved by the Global Environment Facility to help nations take frontline action on biodiversity loss, pollution and a rapidly warming planet. With UNDP’s support, the funding will be channelled to nine projects targeting some of the world’s most fragile ecosystems and climate-vulnerable communities in Africa, Asia-Pacific, Latin America and the Middle East and North Africa.
New regional hub to strengthen climate action in Hindu Kush
The United Nations Framework Convention on Climate Change and the International Centre for Integrated Mountain Development (ICIMOD) has launched the Hindu Kush Himalaya Regional Climate Action Transparency Hub. The launch builds on a three-year memorandum of understanding, establishing a dedicated platform for ICIMOD’s eight Regional Member Countries – Afghanistan, Bangladesh, Bhutan, China, India, Nepal, Myanmar and Pakistan. The hub aims to provide sustained capacity building and promote data and experience sharing across the region.
Behaviour

WEF: global cooperation remains good in the face of geopolitics
Global cooperation is proving resilient even as multilateralism continues to face strong headwinds, according to the World Economic Forum’s Global Cooperation Barometer 2026. However, cooperation is below where it needs to be to address critical economic, security and environmental challenges. Dialogue is a critical factor in identifying pathways that advance shared interests.

Analysis: humans are built for nature not modern life
Human biology evolved for a world of movement, nature, and short bursts of stress, not the constant pressure of modern life. Industrial environments overstimulate our stress systems and erode both health and reproduction. Analysis from the University of Zurich and Loughborough University says that evidence shows the toll of this mismatch.

The surprising psychology of dietary choices
Food systems are a major contributor to environmental impacts, such as greenhouse gas emissions and biodiversity loss, with widespread dietary changes required to avoid surpassing safe planetary boundaries by 2050. A study published in Elsevier’s Journal of Cleaner Production analyses the dimensions underlying public perceptions and misperceptions of food's environmental impact.

Wilful blindness: turning a blind eye to planetary insolvency
The global economy could face a 50% loss in GDP between 2070 and 2090 unless immediate policy action on risks posed by the climate crisis is taken. This is the stark warning set out in ‘Planetary Solvency – finding our balance with nature’ by the Institute and Faculty of Actuaries (IFoA) in collaboration with climate scientists.

Climate silence: does it matter or is it golden?
Anyone who has read the article “Why well-off Brits who think collapse is coming still stay silent” will recognise the scenarios it calls out. Those silent Brits are familiar to us all: they know the planet is hurtling towards existential crisis but they do not use their voice to influence others while they live comfortably within a system that cannot endure (and they know it).

Big shout out to growing list of companies committing to DEI
Impactivize has published a long list of companies who have publicly stated their commitments to diversity, equity and inclusion (DEI) initiatives. The list includes some big names. Amongst them are: Adidas, American Express, Apple, AstraZeneca and Audible. And that's only in the section under 'A'.
