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Today’s ESG Updates New Zealand Report Finds Record Gas Levels and Glacier Decline: Glacier volume fell from 56 to 30 cubic kilometers between 1997 and 2023, and heatwaves are very likely to grow longer and more intense. Seoul Unveils $747 Billion K-GX Green Transformation Plan: The strategy sets a 100 GW renewables goal for 2030
Today’s ESG Updates Google and Apple’s Verification Nightmare: Facing an enormous number of lawsuits, tech companies have begun lobbying for influence in how age-verification laws are being written. Companies aim to stop private lawsuits by passing responsibility for prosecution to state Attorneys General. Driven by ‘privacy’ claims and First Amendment infringement for minors. Russia Latches
Today’s ESG Updates EU Proposes Data Center Transparency Rules: The European Commission unveiled a rating scheme requiring data centers over 500 kW to disclose their water and energy use. Mombak Partners With Salesforce on Carbon Removal: The Brazilian startup signed a multi-year carbon credit agreement with Salesforce and launched a second Amazon Reforestation Fund. African
Every generation of sovereign debt crises produces its own fix. Every fix eventually runs into the same wall: someone must absorb a loss. The institutions best positioned to absorb it usually refuse to do so. That was true of the Baker Plan in the 1980s. It held for the Brady Plan (1989-1999) that followed it.
Today’s ESG Updates Hungary Warns of Electricity Strain After Paks Shutdown: Low Danube water levels forced the closure of the nuclear plant that supplies 40% of the country’s power. India Sets Renewable Energy Record in July: Solar and wind output made up 20% of the country’s energy mix, while coal-power generation fell. Ghana Unveils $4.4
Today’s ESG Updates AfDB Approves €100 Million for Battery Manufacturing in Africa: The loan will help fund a Gotion Power Morocco lithium iron phosphate battery gigafactory. Wildfires Spark Political Tensions in Spain: Blazes that have forced over 100,000 evacuations and prompted a national emergency declaration have fueled clashes between Spain’s left and right political parties.
Today’s ESG Updates U.S. Oil and Gas Executives Fight Climate Protections: U.S. producers are pressuring Europe to change its methane emissions regulation. Europe Recategorizes Livestock as Critical Infrastructure: The European Commission adopted a “Livestock Strategy” to strengthen the bloc’s food security. EIB Invests €60 Million in Bangladesh’s Circular Economy: The European Investment Bank allocated funding
Today’s ESG Updates U.S. Supreme Court Backs Trump in Major Agency Firing Case: The decision allows dismissal of independent commissioners without cause, reshaping limits on executive power. World Bank Drops 45% Climate Lending Target: The lender is retiring its climate finance targets in favor of an outcome-based approach centered on “smart development.” EU Slashes Duty-Free
Today’s ESG Updates Florida Data Center Development Stalled: Residents are pushing back against proposed data center projects through petitions and public meetings, citing concerns over noise, water use, energy demand, and impacts on local quality of life. South Korea Bets Big on AI: The government has unveiled an ambitious industrial strategy focused on advancing AI,
Today’s ESG Updates Global Green Steel Delays: Industry leaders warn that steel emissions will not fall without increased green steel production, with over half of global green steel projects delayed. Trump Pays $765M to Cancel Offshore Wind: The Interior Department is reimbursing Invenergy to voluntarily terminate four offshore wind leases. Cameroon Launches Circular Economy Plan:
Today’s ESG Updates Trump Weakens Toxic Gas Rules: The administration plans to roll back EPA limits on ethylene oxide emissions despite major health concerns. EU Eyes Carbon Pricing for Global Flights: Brussels is considering extending emissions costs to international flights departing Europe. UK Groups Demand Tougher Air Pollution Laws: Charities are pushing for bans on
Most international institutions (the IOs) are underfunded or under other forms of attack, with some on what could be called life support. These attacks make it more important than ever that the IOs have competent leadership, with a vision, integrity, and some willingness to listen to the staff of the institutions they supposedly lead. The World