climate finance

New environmental regulations, like the EU's carbon tax and India's proposed credit trading scheme, are making ESG a crucial business compliance issue, not just voluntary reporting. Experts warn companies without robust carbon data systems risk losing competitiveness. Implementation readiness and data credibility are now paramount for navigating these evolving global standards and securing green finance.

In a bold move against climate change, Bihar's Deputy Chief Minister has unveiled the new Green Climate Fund, aimed at enhancing the state's greenery. This fund will be supported through cesses on various state activities, mining operations, and vehicle registrations (with EVs excluded), alongside voluntary and CSR donations.

A groundbreaking $1.1 billion initiative at Stanford, the Doerr School of Sustainability, is revolutionising environmental problem-solving. By dismantling academic silos and fostering collaboration, it connects basic science with real-world applications. This innovative approach translates research into tangible actions, like coastal monitoring systems, demonstrating how substantial philanthropy can create public platforms for global environmental protection.

And not just fakes, the RBI destroyed 1.7 lakh currency notes that were damaged or soiled beyond use in 2025. Plastic notes – that last longer and are much more difficult to create fakes of – may be the solution

Pope Leo XIV unveiled his encyclical, “Magnifica Humanitas,” addressing human dignity in the AI era. This historic document, presented with an AI pioneer, marks the Catholic Church's continued engagement with contemporary challenges through its ancient tradition of papal letters. The encyclical joins a lineage of influential papal teachings on critical social issues.

In a significant step towards revitalizing its economy, Pakistan has wrapped up vital discussions with the IMF, centering on fiscal strategies and essential reforms. The dialogues emphasized changes in the energy sector, restructuring of state-owned enterprises, and efforts to draw in private investment.