After spinning off its thermal coal assets, Adaro Energy Group, the world’s sixth-largest coal mining company, will have access to financing from two banks that previously withdrew funding for its aluminum smelter project in February 2023.
The UN has declared 2025 the International Year of Glaciers' Preservation as climate change speeds up ice loss not only in the Arctic and Antarctica, but in Asia's Hindu Kush Himalayas, which is warming three times the global average rate.
Public development banks must spearhead a systemic overhaul of global finance to ensure climate funding reaches the most vulnerable and accelerates the green transition.
The Federal Reserve is perhaps the most significant independent economic actor in the US. Yet it has surrendered to Trump – the Fed Board withdrew from a global network that brought together central banks to improve climate risk management.