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.
Category: Finance
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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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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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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.
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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.
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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.
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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.
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EIC awards €118m to 30 breakthrough research projects
The European Innovation Council (EIC) has selected 30 new projects under the 2025 EIC Pathfinder Challenges Call for cutting edge research projects delivering breakthroughs in four strategic areas: biotech for climate resilient crops and plant-based biomanufacturing; generative-AI based agents to revolutionise medical diagnosis; robot collectives; and waste-to-value devices - circular production of renewable fuels, chemicals, and materials.
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Hormuz shipping disruptions raise risks for energy, fertilizers and economies
UN Trade and Development (UNCTAD) has released a rapid analysis – Strait of Hormuz disruptions: Implications for global trade and development – examining the implications of recent disruptions to maritime traffic in the Strait of Hormuz, one of the world’s most critical trade corridors.
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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.
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£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.
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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.