Our Scans · (LF.13) 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] For financial institutions (and lawyers advising them), the ECB decision and current UK regulatory approach underscore that climate and environmental risk governance should be treated as a prudential matter, not merely a sustainability disclosure issue. Mishcon de Reya LLP
• [New] Institutions that failed to meet subsequent deadlines were made subject to binding requirements and potential penalties, with Credit Agricole now becoming the second Eurozone bank (after Spain's ABANCA) to face a climate risk related fine. Mishcon de Reya LLP
• [New] The ECB has issued a €7.55 million periodic penalty against Credit Agricole for failing to meet a supervisory deadline to assess the materiality of its climate related and environmental risks. Mishcon de Reya LLP
• [New] Last week, the European Central Bank fined Credit Agricole €7.55 million for failing to complete a mandatory climate risk materiality assessment, signalling a decisive shift from guidance to enforcement. Mishcon de Reya LLP
• [New] Accelerating climate risks are already driving up insurance premiums across the US, especially in the fiery west and hurricane-prone south-east. The Guardian
• [New] Storms, heat and other climate-related disruptions are already altering event timing and financial viability across countries including Australia, the UK and the United States. The Conversation
• [New] Dengue incidence could rise by 50-75 percent by 2050 under current climate change trends. KPVI
• [New] Over the next ten years, climate change and its consequences will pose the greatest risk to the world. Statista Daily Data
• [New] When projected onto future climate simulations and combined with demographic and poverty projections consistent with the IPCC Shared Socioeconomic Pathways, the AI model reveals sharply diverging food-crisis risks by century's end. Joint Research Centre
• [New] Accounting for the costs of climate change by their method, they calculate that forty-seven of the sixty-six low-income countries in their sample breach critical thresholds by 2028. Carnegie Endowment for International Peace
• [New] A world of plenty would require perhaps two to three times today's total power generation, alongside a vast expansion of clean electricity to sustain growth while containing climate risks. American Enterprise Institute - AEI
• [New] Hazards intensified by climate change, like drought and flooding, threaten both the quantity and quality of drinking water across the U.S.. ABC News
• [New] Malawi is emerging as a model for climate-vulnerable nations by uniting political leadership, communities, and international partners to strengthen early warning systems under the Climate Risk and Early Warning Systems (CREWS) initiative. CODATA, Committee on Data of the ISC
• [New] ADB urges governments to integrate climate risk into infrastructure policy and financing while expanding resilience bonds, blended finance, and adopting nature-based solutions. CODATA, Committee on Data of the ISC
• [New] Climate change is a systemic risk that threatens the very foundation of the financial sector. Times of San Diego
• [New] PwC identifies 2026 as a critical turning point when AI adoption is going to significantly accelerate the integration of ESG, risk management, and climate reporting. Sustainable Stories Africa
• [New] Climate change adaptation efforts are growing around the world, but climate risks are increasing even faster, leaving a widening gap between current action and what is needed. Nature
• [New] Artificial Intelligence Enablement: By 2028+, AI will not only forecast SDS outbreaks but also recommend hybrid, hyper-localized solutions-closing the loop for integrated, climate-resilient soybean production. Farmonaut
• [New] The UN is seeking to draw corporate leaders back to global climate talks, arguing that the summit process is entering a new era that is focused less on pledges and will bring more opportunities for investment. Energy in Demand - Sustainable Energy - Rod Janssen
• [New] Neither the U.S. federal government, nor high-emitting nations like Russia, China, and India, will reduce greenhouse emissions in a timeframe that will avert serious climate impacts that ultimately will cause profound, irreversible harm to the world. The Grand Junction Daily Sentinel
• [New] Urban extreme heat is an escalating climate risk across the Asia-Pacific region, driven by climate change, rapid urbanization, and existing social and economic vulnerabilities. Indico.UN (Indico)

Last updated: 02 March 2026