A landmark international framework designed to help financial institutions carry out credible, transparent and high‑integrity net zero transition planning has been published by BSI to encourage banks and financial institutions to close the gap between climate ambition and action. Net Zero Transition Planning for Financial Institutions (ISO 32212) specifies requirements and provides recommendations for strategic net zero transition planning by financial institutions.
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A path to €5k-a-month incomes for all countries within +1.8°C of warming
The World Inequality Lab has launched the Global Justice Report: a Plan for Equality and Prosperity Within Planetary Boundaries, during the opening of the World Inequality Conference 2026. The report sets out a new vision for global progress in the 21st century: grounding human development and equality in planetary habitability. It explores the conditions under which the world could move toward this horizon and traces an economically and ecologically consistent transition path from 2026 to 2100.
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WMO says: prepare for El Niño
Fuelled by unusually warm ocean waters in the tropical Pacific, El Niño conditions are developing and are set to influence global temperature and rainfall patterns, increasing the risk of extreme weather over the coming months, according to the World Meteorological Organisation (WMO).
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New WMO report says more global temperature records to come
Global average temperatures are likely to continue at or near record levels in the next five years, with Arctic temperature anomalies expected to continue to be higher than the global mean, according to a new report from the World Meteorological Organization (WMO), produced by the UK’s Met Office. The Global Annual-to-Decadal Update also takes a look at the observed climate over the past five years and gives regional predictions for temperatures and precipitation over the next five years.
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Draft framework to increase visibility of inequality launched
The Taskforce on Inequality and Social-related Financial Disclosures (TISFD) has released the first draft version of its framework, marking an important milestone in efforts to improve how businesses and financial institutions understand and report impacts, dependencies, risks and opportunities related to people.
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Sustainable debt market surpasses $7tn in aligned issuance
The global sustainable debt market has reached a major new milestone, with cumulative aligned issuance surpassing $7tr, according to the latest data from the Climate Bonds Initiative. The Climate Bonds’ database of green, social, sustainability and sustainability-linked (GSS+) bonds aligned with its methodologies has now crossed the $7tn threshold, demonstrating the rapid growth of sustainable finance from a niche segment into a significant part of global capital markets.
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British way of life under threat from heat, flooding and drought
The Climate Change Committee (CCC) has published A Well-Adapted UK. This new report sets out a comprehensive package of solutions to address the growing impacts of climate change affecting every aspect of life in the UK. The country’s independent climate advisors identify better cooling, flood protection and a more secure water supply as the most critical priorities to protect the UK from the three biggest climate risks – heat, flooding and drought.
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Commission: plan to secure Europe’s fertiliser supply and food security
The European Commission has adopted the Fertiliser Action Plan: an initiative to support farmers facing rising fertiliser costs and scarcity, reinforce domestic production and reduce Europe's dependency on imports. The Plan will directly help to ensure food security and reinforce Europe's strategic autonomy, while pursuing high climate and environmental goals.
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The world cannot wait any longer to reopen the Strait of Hormuz
The UK, alongside co-hosts South Africa, British International Investment and the Children’s Investment Fund Foundation, have convened a broad coalitions of partners, from governments, international organisations, business, technology philanthropy and civil society to rethink how to combine strengths in addressing global challenges, such as economic, climate and health shocks.
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Simulation tools from Fraunhofer EMI plan hydrogen infrastructure
Research scientists at the Fraunhofer Institute for High-Speed Dynamics, Ernst-Mach-Institut, EMI, are developing a hydraulic simulation tool to assist with the planning of a resilient hydrogen infrastructure designed to safeguard energy supply. Resilient infrastructure is critical for stable hydrogen supply. Simulation tools developed at Fraunhofer EMI analyse network reactions to disruptions and help mitigate risks due to extreme events.
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City-level economic growth is being decoupled from fossil fuels
An objective, globally consistent framework to measure decoupling between fossil fuel use and economic growth, either through reduced fuel use or shifts toward cleaner/more efficient combustion has been published. Analysing 5,435 cities globally over 2019–2024, the research has identified significant trends for 2,475 cities and classified them into four decoupling states.
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Mubadala invests in UK offshore wind farm alongside consortium
Abi Dhabi's Mubadala Investment Company has made a $325m investment in Ørsted’s Hornsea 3, which, once completed, will be the world’s single largest offshore wind farm, located off the Norfolk coast in the UK. Mubadala is investing alongside a consortium led by Apollo-managed funds, which includes USS and La Caisse. The investment follows Apollo Funds’ acquisition of a 50% stake in the joint venture holding Hornsea 3, with Ørsted retaining the remaining 50% ownership and continuing to lead the development, construction and operation of the project.
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Invinity ‘super battery’ delivered in first installation in Europe
Invinity Energy Systems has completed the delivery of 20.7MWh of Vanadium Flow Batteries to the Copwood VFB Energy Hub in East Sussex. It will be Europe’s largest vanadium flow battery installation when it enters service later this year. The project pairs 90 vanadium flow batteries – a form of long‑duration energy storage – with a 3MW solar array to enable more home-grown, low‑cost solar power to be used when needed.
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EU awards over €1bn to nine European hydrogen projects
The European Commission has selected nine hydrogen production projects under the third auction of the European Hydrogen Bank. Across seven countries in the European Economic Area. The projects are expected to provide almost 1.1 giga-watts of electrolyser capacity and produce over 1.3m tonnes of hydrogen over their first 10 years of operation, with an estimated greenhouse gas emissions avoidance of 9m tonnes of CO2 equivalent. The selected projects will receive a total of around €1.09bn in EU funding from the Innovation Fund, sourced from the EU Emissions Trading System.
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Early climate health investments generate 68-fold gains
New World Resources Institute (WRI) analysis, supported by The Rockefeller Foundation, reveals that every $1 invested in preparing for climate-caused health risks can yield up to $68 in benefits for communities in Africa, Asia, Latin America and the Caribbean, and the Middle East. Research shows how tools and services like early warning systems and disease surveillance significantly reduce deaths and illness, helping more communities in low- and middle-income countries become more resilient.