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] Governments will return to London next week for another round of negotiations over the International Maritime Organization's Net-Zero Framework, with countries still sharply divided over the future of the landmark shipping climate agreement. gCaptain
• [New] The International Energy Agency emphasizes that, without SAF, commercial aviation does not have a credible pathway to align with climate objectives in 2050. Moeve Global
• [New] Catastrophic floods in Nepal may have resulted from a hazard cascade that may have been amplified by climate change. Live Science
• [New] Forecast to be a super El Nino, it is expected to usher in even more severe extreme weather events as the global climate edges closer and closer to temporarily overshooting the Paris Agreement's goal of limiting warming to 1.5 °C above pre-industrial times. Greenpeace International
• [New] Amid rising emissions and strong indications the El Nino will continue to develop in coming months and dominate global climate patterns in the August-October period, Berkeley Earth calculated there's a 69% chance that 2026 will become a record hot year. Greenpeace International
• [New] Global investment requirements remain substantial, with the world estimated to need US$ 6.3 trillion in annual investment through 2030 to avoid the most severe effects of climate change, compared with current annual investment of US$ 2.3 trillion. GCC BUSINESS WATCH
• [New] Water and food security will form another major pillar of WGES 2026, reflecting the growing pressure that climate change is placing on essential resources. GCC BUSINESS WATCH
• [New] As temperatures rise, the world increasingly faces the risk of crossing climate tipping points with irreversible and potentially cascading effects. Lowy Institute
• [New] A share of nearly 67.4% is expected to be held by the U.S. in 2026 in North America, as farmers are now using digital technologies to address labour shortages, rising input costs, and climate-related risks. Persistence Market Research
• [New] The FCA has signalled that its supervisory expectations will continue to evolve as climate science develops and as international standards mature. Global Regulation Tomorrow
• [New] Beyond disclosure, the FCA expects firms to embed climate considerations into their governance frameworks and risk management processes. Global Regulation Tomorrow
• [New] By closing loopholes on profit-shifting and tax havens, and setting new taxes, nationally and globally, on the profits of the biggest polluters and on extreme wealth, countries could unlock public funds urgently needed for climate action, nature protection and essential public services. Greenpeace International
• [New] For Luxembourg's financial center, biodiversity could become an increasingly important area for sustainable finance complementing the focus on climate transition. Forbes Luxembourg
• [New] Environment and Climate Change Canada is monitoring the ice island's movement, as it has done following previous Arctic ice shelf calving events, while evaluating potential risks to vessels and offshore infrastructure. ScienceDaily
• [New] Kew Gardens reduced its fossil-fuel consumption by more than a fifth across its sites last year, as it seeks to become climate-positive by 2030. Third SectorMainNet
• [New] The Japanese beverage giant's latest climate-risk assessment estimates that carbon pricing could add ¥43.8bn to packaging costs by 2050 under its Sustainable Scenario, which assumes a stronger global shift towards a low-carbon economy. FoodNavigator.com
• [New] Carbon pricing could affect agricultural raw materials, with the estimated impact ranging from ¥0.9 bn-¥4.1bn under the Sustainable Scenario to ¥2.2 bn-¥8.1bn under the High Degradation & Climate Change Progression Scenario. FoodNavigator.com
• [New] Declining agricultural yields could have a financial impact of ¥0.9 bn-¥2.6bn by 2050 under the Sustainable Scenario, rising to ¥3.1 bn-¥12.1bn under the High Degradation & Climate Change Progression Scenario. FoodNavigator.com
• [New] Carbon pricing could add ¥91.8bn to energy costs by 2050 under its Sustainable Scenario, compared with ¥3.8bn under the Middle Degradation Scenario and ¥3.1bn under the High Degradation & Climate Change Progression Scenario. FoodNavigator.com
• [New] Under Kirin's Middle Degradation Scenario, the estimated impact falls to ¥1.1bn by 2050, while the High Degradation & Climate Change Progression Scenario puts it at just ¥0.1bn. FoodNavigator.com
• [New] As food prices in general continue to rise, due to climate change disruption and geopolitical unrest, prior research from Madre Brava shows that the gap in price between meat and beans in the UK has widened, making plant sources of protein the most economical choice. Plant Based Health Professionals UK
• [New] As much of Europe braces for another heatwave and prolonged dry conditions, scientists warn climate change is making extreme weather events more intense and frequent. Euronews
• [New] Added to the effects of human-induced climate change, the Met Office is warning that it is very likely to mean 2027 is the hottest year on record globally. BBC Weather

Last updated: 31 August 2026