Thousands of hectares of vital peatland will be better protected and managed thanks to nearly £50m in new funding. This will help to reduce carbon emissions, better protect rural communities from the risks of wildfire and flooding and support local economies.
Category: Finance
Post
Middle East disruptions and high fuel prices halve airline profitability
The International Air Transport Association (IATA) released its latest financial outlook for the global airline industry showing a halving of profitability as a result of war-related Middle East disruptions and high fuel prices. The regional landscape, however, is highly differentiated. At the geographic centre of the Middle East war, airlines in the Middle East are expected to collectively fall into the red with weak demand and operational disruptions. All other regions are expected to deliver profits, but at reduced levels from previous projections.
Post
Middle East conflict sends global growth to lowest rate since COVID-19
The conflict in the Middle East is expected to slow global growth to the lowest rate since the onset of the COVID-19 pandemic amid higher energy prices, steeper inflation, and increased borrowing costs, according to the World Bank Group’s latest Global Economic Prospects report. Global growth is forecast to slow to 2.5% in 2026, down from 2.9% in 2025. Forecasts for two-thirds of economies have been downgraded relative to January of this year.
Post
Commission presents first EU strategies for islands and coastal communities
The European Commission has adopted two dedicated strategies, one for EU islands and one for EU coastal communities, setting out for the first time a coordinated European approach to support both types of territories and unlock their long-term potential. The two initiatives introduce a targeted approach, dedicated to the specific needs and unique challenges of: 17m people living on more than 4,000 islands across 16 EU Member States; and 95m people living along the 70,000km of EU coastlines and in coastal areas across 22 EU Member States.
Post
Landmark global framework for net zero transition planning launches
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.
Post
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.
Post
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.
Post
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.
Post
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.
Post
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.
Post
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.
Post
War spending could help close the climate funding gap
Military spending has been increasing for more than a decade, reaching $2.7tr in 2024 and $2.88tr in 2025. Meanwhile, there is a $4tr dollar shortfall in funding needed to achieve the world’s Sustainable Development Goals and, of that, a $2tr funding gap for climate and energy transition action.
Post
MDBs work together to help build critical minerals to manufacturing value chains
The Multilateral Development Banks (MDBs) have issued a statement recognising the importance of working together to help build diversified, resilient and responsible critical minerals to manufacturing value chains, in order to scale up support for clean, affordable and reliable energy access, as well as the digital and economic transformation of their client countries.
Post
JP Morgan addresses climate and “under-modelled” tipping points
Climate decision-making requires acting on long-term scientific signals with imperfect estimates of financial and societal impact, sometimes well before markets fully price in the risks. Leaders make strategic choices under this uncertainty, which may only become visible to the broader market years later, writes Dr Sarah Kapnick, Global Head of Climate Advisory, Commercial & Investment Bank, J.P. Morgan.
Post
New approaches needed to address supply chain risks for rare earth elements
Rare earth elements are moving rapidly to the forefront of global policy making for energy, transport, advanced manufacturing and digital technologies as demand continues to expand while supply chains remain highly concentrated, according to a new International Energy |Agency (IEA) report developed to inform G7 discussions this year.