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- NYC Climate Week Hits Record Scale: <\/b>Over 1,000 events and big investments expected despite policy headwinds from Trump.<\/li>\n
- Brazil to Lead Global Forest Fund: <\/b>President Lula will announce on Tuesday the first national investment in $125B tropical forest conservation facility.<\/li>\n
- Santos Ltd. Starts Barossa Gas Project: <\/b>Australia begins output from one of its dirtiest LNG projects, despite the country\u2019s recent climate promises.<\/li>\n
- The High Seas Treaty is Set to Become International Law: <\/b>The oceans pact secured its 60th ratification on Friday and is set to enter into force in January.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
New York readies for the UN General Assembly and a record Climate Week<\/p>\n
New York City\u2019s Climate Week<\/strong> will be its largest yet, with more than 1,000 events<\/strong> despite the U.S. administration\u2019s fossil fuel agenda. This surge in participation is likely a counter-response to Trump\u2019s climate-denying stance, as companies, NGOs, and philanthropies accelerate action outside government channels<\/strong>. The long-anticipated UN General Assembly<\/strong> will also take place alongside Climate Week, with the climate change talks planned for Wednesday<\/strong>. Leaders will announce new climate targets, or Nationally Determined Contributions<\/strong>. Unlike in the past, the European Union and the U.S. will not be leading the discussions on these targets. China<\/strong>, Brazil<\/strong>, and other rapidly developing nations are now taking a more active role in shaping the global agenda.<\/p>\n
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Further reading: New York readies for record Climate Week despite Trump chill factor<\/a><\/p>\n
Brazil is the first to invest in the Tropical Forests Forever Fund
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Brazil\u2019s President Lula to kickstart $125B Global Forest Fund with first investment. Photo Credit: Pal\u00e1cio do Planalto<\/a><\/p>\nBrazil will become the first country to invest in the Tropical Forests Forever Facility (TFFF)<\/strong>, a $125 billion fund<\/strong> designed to reward nations for preserving tropical forests. President Lula is expected to announce the investment at the U.N. General Assembly, signaling Brazil\u2019s commitment ahead of COP30<\/strong>, which it will host in the Amazon this November. China<\/strong> has also indicated plans to contribute, alongside interest from the UK, France, Germany, Norway<\/strong>, and the UAE<\/strong>. Brazil\u2019s early pledge aims to unlock the first $25 billion<\/strong> from governments <\/strong>and philanthropies<\/strong>, setting the stage ahead of the assembly for additional private-sector contributions to drive global forest conservation.<\/p>\n
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Further reading: Exclusive: Brazil will be first to invest in global forest fund, sources say<\/a><\/p>\nFeatured ESG Tool of the Week:<\/strong>
\nKlimado<\/a> \u2013 Navigating climate complexity just got easier. Klimado offers a user-friendly platform for tracking local and global environmental shifts, making it an essential tool for climate-aware individuals and organizations.<\/p>\nSantos starts the Barossa gas project in Australia
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Output begins at Australia\u2019s Barossa, one of the world\u2019s dirtiest gas projects. Photo Credit: Santos Limited<\/a><\/p>\nSantos Ltd<\/strong>. has begun production at the Barossa gas field<\/strong>, one of Australia\u2019s most carbon-intensive LNG projects. The project, which will supply up to 3.7 million tons of LNG<\/strong> annually to Asian buyers,<\/strong> has faced years of opposition from environmental groups and Indigenous Tiwi Islanders. The gas field releases an exceptionally high quantity of CO\u2082, making it extremely incompatible with Australia\u2019s brand new pledge to cut emissions 62\u201370% by 2035<\/strong>. Santos says it will rely on offsets<\/strong> and carbon capture<\/strong> to comply with regulations, but offset investments do not change the fact that the project undermines Australia\u2019s climate credibility. Expanding fossil fuel exports is one of the most carbon-intensive choices a country can make.<\/p>\n
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Further reading: Santos Starts Barossa Gas Project, Among Australia\u2019s Dirtiest<\/a><\/p>\n
Key global oceans treaty gains 60th ratification\u200b\u200b to come into force
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The High Seas Treaty has secured ratifications and will enter into force in January. Photo Credit: Marek Okon<\/a><\/p>\nThe High Seas Treaty<\/strong>, a landmark global agreement to protect international waters<\/strong>, reached 60 ratifications<\/strong> last Friday and will enter into force in January<\/strong>. Covering two-thirds of the world\u2019s oceans<\/strong>, the treaty enables the creation of Marine Protected Areas<\/strong> to combat overfishing, pollution, and biodiversity loss. Environmental groups are hailing the successful treaty as \u201cmonumental,\u201d marking a turning point for ocean governance after decades of negotiation. Currently, only 1% of the high seas are protected<\/strong>, though nations have pledged to safeguard 30% by 2030. While ratification was unusually swift, enforcement challenges remain as countries retain control over their own assessments.<\/p>\n
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Further reading: Key oceans treaty crosses threshold to come into force<\/a><\/p>\n
- Brazil to Lead Global Forest Fund: <\/b>President Lula will announce on Tuesday the first national investment in $125B tropical forest conservation facility.<\/li>\n