Global Scans · Climate Action · Weekly Summary

In September 2015, 193 world leaders agreed to 17 Global Goals for Sustainable Development. If these Goals are completed, it would mean an end to extreme poverty, inequality and climate change by 2030.
Goal 13: Take urgent action to combat climate change and its impacts.

• [New] Moody's analysis highlights the significant economic impact of physical climate risks, potentially leading to a global economic loss of 17% of GDP by 2050 if current policies persist. Environmental Finance
• [New] We see increasing potential across Asia-Pacific, emerging markets and parts of Europe as investors are increasingly calling for transition-labelled finance to support credible decarbonization strategies in hard-to-abate sectors and address the $2.4 trillion annual climate mitigation gap by 2030. Environmental Finance
• [New] The rise in headline inflation to 2.1% in 2028 is mainly attributed to a significant increase in energy inflation, driven by climate transition-related fiscal measures and, in particular, the introduction of ETS2, which is seen to push headline inflation up by 0.2 percentage points. European Central Bank
• [New] By 2026, over 60% of agricultural losses may be linked to climate volatility and biosecurity threats worldwide. Farmonaut
• [New] As institutions enter the 2026 SREP cycle, the ECB is signaling a shift from remediation to enforcement in respect of unresolved climate-risk deficiencies. JD Supra
• [New] Executive Summary The Russian invasion of Ukraine is a stark reminder that fossil fuels - a major contributor to climate change - are highly vulnerable to geopolitical risks. The Conference Board
• [New] The Climate Law allows the EU to postpone to 2028 the enforcement of ETS2, the new, complementary cap-and-trade system that complements the ETS by addressing emissions from road transport and heating systems. JD Supra
• [New] China released new climate and energy targets as part of its 2026-2030 Five-Year Plan, including goals to reduce carbon dioxide emissions intensity 3.8% in 2026 and 17% by 2030. ballotpedia
• [New] Only by mandating circular carbon content, including bio-based renewable sources, can Europe break the polyester bottleneck, unlock transformational investment, and deliver tangible circularity and climate outcomes by 2030. Unblocking circularity in textiles - bio-based syntheti
• [New] As weather events intensify, less climate-adapted buildings may increase health risks and place additional pressure on services. EurekAlert!
• [New] The Government of Canada is improving Canada's climate competitiveness by investing in green shipping corridors and clean ports, which will support economic growth and build a more efficient and cleaner transportation system. Yahoo Finance
• [New] El Nino events can have significant impacts on weather patterns and climate in California, including increased risk of drought, wildfires, and severe storms. National Today
• [New] To lower and stabilize global temperatures after they exceed climate targets, negative emissions will be essential. Nature
• [New] Large carriers now commonly use climate scenarios, portfolio steering tools and underwriting guidelines, even as Swiss Re and others warn that structurally higher catastrophe losses driven by both primary and secondary perils are part of a new normal for P & C profitability. Insurance Business
• [New] UK pension funds and insurers could unlock up to £119bn (€138bn) for climate transition investment by modestly increasing allocations to emerging markets and developing economies (EMDEs). IPE
• [New] California's climate disclosure laws will continue to have significant implications for large companies in the fashion and retail sector. National Law Review
• By 2030, the world is projected to face a 40% global water deficit under the business-as-usual climate scenario. InternationalDayForests
• As part of UNFCCC reporting guidelines and the Cancun Adaptation Framework, many GCC countries have started developing National Adaptation Plans that urge countries to outline climate risks and coping strategies, laying the foundation for coordination and climate finance. OBSERVER RESEARCH FOUNDATION ( ORF )
• Without climate action, the death rates from non-optimal temperatures are projected to reach up to 65.79 per 100,000 people in the Gulf region by 2090. OBSERVER RESEARCH FOUNDATION ( ORF )
• Investing just 1-2% of global GDP in climate adaptation by 2100 could prevent a decline in productivity of up to 34%. The Cool Down
• The Climate Change Committee recommends a 25% cut in meat consumption by 2040, a 35% cut by 2050 (40% for beef and lamb), and a 20% reduction in dairy consumption by 2035. Foodrise

Last updated: 22 March 2026