In a series of new executive orders, the re-elected US president declared a national energy emergency that would weaken environmental safeguards for energy projects.
Biodiversity bonds hit new highs and record shareholder resolutions on nature were filed. But conservation-renewables trade-offs and absent finance pledges from rich nations at COP16 may test this asset class's resilience in the year ahead.
The rate at which atmospheric CO2 is increasing is now outpacing the pathways set out by the Intergovernmental Panel on Climate Change (IPCC) that limit global warming to 1.5C.