News

Bank financing for the fossil fuel sector rose by $162.5 billion in 2024, more than 20% compared to 2023, according to a Rainforest Action Network report.

Vietnam’s first marine protected area (MPA), Nha Trang Bay, has lost nearly 200 hectares (494 acres) of coral reef since it was established in 2002, according to a new study. The study calls for stronger conservation measures.

90% of extreme weather events are linked to water, underscoring the urgent need for Adaptation through Water (AtW) strategies. Southeast Asian countries are particularly vulnerable to climate impacts, with projected economic losses of up to 25%.

Presidents and Indigenous leaders, fishers and financiers were all on the Mediterranean coast for the UN’s big ocean meeting. These items were the talk of the town.

The EU’s CBAM, starting in 2027, will impose carbon tariffs on high-emission imports—posing a major challenge to Vietnam’s steel exports. In response, Hoa Phat and VNSteel are stepping up decarbonization efforts and investing in green energy.

Seiko Epson, the Japanese electronics company, is developing a small carbon capture unit roughly the size of an office printer.

As cities around the world experience the growing impacts of climate change, the need for energy-efficient and sustainable cooling solutions is becoming more important than ever.

Germany’s most important car industry association VDA has called for a de facto reversal of the EU’s 2035 ban on the sale of new cars powered by a combustion engine, according to media reports.

A low-cost digital solution is having an outsized impact on carbon emissions. The Ports of Los Angeles and Long Beach in California have adopted a vessel queuing system, similar to OpenTable’s reservation model, to manage incoming ships.

Vietnam’s financial industry is gaining momentum in promoting sustainable development. According to the State Bank of Vietnam, a record 33 financial institutions released sustainability reports in 2024—the highest number to date.