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Chancellor Merz calls for full cancellation of the EU’s Corporate Sustainability Due Diligence Directive (CSDDD). German government plans to revoke its national implementation of the directive. Business community concerns over compliance burden gain high-level political backing. German Chancellor Friedrich Merz has publicly urged the European Union to cancel its Corporate Sustainability Due Diligence Directive (CSDDD), signaling a potential reversal in Europe’s approach to ESG regulation. “We will revoke the national law in Germany. And I also expect the European Union to follow suit and really cancel this directive,” Merz said during his first official visit to Brussels as Chancellor. German…
More than 200 marine species, including deepwater sharks, leafy sea dragons and octopuses, have been killed by a toxic algal bloom that has been affecting South Australia’s coastline since March.Nearly half (47%) of the dead species were ray-finned fish and a quarter (26%) were sharks and rays, according to OzFish analysis of 1,400 citizen scientist reports.Cephalopods – like squid, cuttlefish and octopuses – accounted for 7%, while decapods – like crabs, lobsters and prawns – made up 6% of species reported dead or washed up on beaches.The OzFish South Australian project manager, Brad Martin, said the harmful bloom – of…
New Tools for Carbon Risk Management: Fastmarkets’ carbon services offer pricing, forecasts, and regulatory insights to help industries manage growing decarbonization pressures. CBAM-Focused Intelligence: Early access to CBAM cost and supply chain analysis positions companies to navigate EU climate regulation ahead of its full rollout. Revenue Opportunities in Carbon Markets: Tailored solutions support forestry, agriculture, and heavy industry in monetizing carbon credits and reducing compliance risk. Fastmarkets, a global leader in commodity price reporting and market intelligence, has launched a new carbon intelligence service aimed at helping businesses meet urgent decarbonization demands and manage regulatory risk across supply chains. With…
Catalyst for Decarbonization: IFC’s $100M investment is part of a $600M package targeting Mexico’s 35% emissions reduction goal by 2030. Fleet Electrification Drive: Funding supports acquisition of BEVs, HEVs, PHEVs, and charging infrastructure for commercial fleets. Sustainability-Linked Incentives: Loan ties financing to environmental and gender inclusion benchmarks to foster impact and accountability. The International Finance Corporation (IFC), part of the World Bank Group, has committed $100 million to Element Fleet Management Corporation to accelerate the transition to electric vehicles (EVs) in Mexico. This marks the first phase of a larger $600 million financing program designed to align with Mexico’s national…
JP Morgan names Kai-Christian Nerger as Head of Green Economy Banking for Europe, reinforcing its commitment to the region’s energy transition. The role aims to help clients lower carbon emissions and seize opportunities in renewable energy and green technology. Despite industry-wide pullbacks, JP Morgan reaffirms its $1 trillion climate pledge, with $242 billion in green financing already deployed since 2021. JP Morgan has named Kai-Christian Nerger as its new Head of Green Economy Banking for Europe, a move that strengthens the bank’s green finance leadership amid a shifting global climate finance landscape. In an internal memo, the bank announced the…
The U.S. Energy Information Administration (EIA) has reduced its Henry Hub natural gas spot price forecast for 2025 in its latest short term energy outlook (STEO), which was released on May 6. In this STEO, the EIA projected that the Henry Hub spot price will average $4.12 per million British thermal units (MMBtu) this year. In its previous STEO, which was released in April, the EIA forecast that the Henry Hub natural gas spot price would average $4.27 per MMBtu in 2025. The EIA increased its Henry Hub natural gas spot price forecast for 2026 in its May STEO. This…
Expanded Climate Risk Coverage: ICE’s platform now includes risk data for over 20,000 corporates and sovereigns and 3 million global asset locations. Asset-Level Analysis: Uses building-level geospatial data and scenario-aligned climate risk metrics to inform investment and regulatory decisions. Unified Climate Risk View: Combines physical and transition risks—including emissions footprints, targets, and exposure to 8 key hazards. Intercontinental Exchange has expanded its geospatial analytics platform with the launch of the ICE Global Climate Risk Solution, offering institutional investors forward-looking, scenario-aligned risk insights across global asset portfolios. The platform now covers over 20,000 corporates and sovereigns and 3 million building-level asset…
China is bolstering export controls on the entire supply chain of critical minerals as it seeks to keep its dominant position in the sector.China’s relevant authorities will track the exports of critical minerals and will strictly prevent illegal exports, the Chinese Commerce Ministry said on Monday.“Since the export control of strategic minerals has much to do with national security, strengthening the control of the whole export chain is the key,” the ministry’s statement read, as carried by Reuters.Last week, the commerce ministry announced “a special operation to crack down on the smuggling and illegal export of strategic minerals.”China aims to…
A new report from Interact Analysis forecasts limited adoption of humanoid robots through 2032, despite a surge in industry hype and investment. Global shipments are expected to exceed 40,000 units by 2032, with total market revenue reaching approximately $2 billion. What’s RelatedAccording to the report, the humanoid robot market represents a significant long-term opportunity, with an addressable market estimated at $2 trillion. However, key challenges are slowing progress. These include high production costs, limited dexterity compared to human performance, safety and regulatory concerns, and questions about whether humanoid form factors best fit most robotics applications. “The humanoid robot market is…
The bitcoin mining company backed by President Donald Trump’s sons, Eric Trump and Donald Trump Jr., is set to go public on the Nasdaq through an all-stock merger with Gryphon Digital Mining.Shares of Gryphon were up more than 300% Monday.The combined company, American Bitcoin, will trade under the ticker symbol “ABTC,” with the transaction expected to close as early as the third quarter of 2025.Existing stockholders of American Bitcoin, including the president’s two eldest sons, will own about 98% of the new entity.It is the latest high-profile move from the Trump family’s growing crypto empire, which already includes the controversial…