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Regulators, citizens, and activists are pushing for climate accountability across sectors. While global banking bodies draft climate risk disclosure frameworks, Norway eyes purpose-driven investing—even at lower returns. In Asia, Nepal mourns the Yala Glacier’s retreat, and Pakistan grapples with the growing burden of climate disasters on its most vulnerable communities..

🌍Global Climate Watch

Global Regulators Prioritize Climate Risk Disclosures

The Basel Committee on Banking Supervision has announced plans to release voluntary guidelines for banks to disclose climate-related financial risks. This move aims to standardize assessments of climate risks in the banking sector, despite resistance from U.S. regulators. Reuters

Norwegians Advocate for Climate-Focused Investments

A citizen panel in Norway recommends that the country's $1.8 trillion sovereign wealth fund prioritize investments addressing global challenges like climate change and health, even if it means accepting lower financial returns. Reuters

Nepal Holds Funeral for Vanishing Yala Glacier

Nepal conducted a symbolic funeral for the Yala Glacier, which has significantly shrunk due to climate change. The ceremony highlights the alarming rate of glacial retreat in the Himalayas and its implications for regional water security. Phys.org

Pakistan Climate Watch

Climate Disasters Increase Risks for Vulnerable Populations

Amnesty International reports that Pakistan's healthcare and disaster response systems are failing to meet the needs of children and older people during extreme weather events, leading to increased risks of death and disease. Amnesty International Australia

📊 🌍 Climate Fact Of The Day

The richest 1% of the global population emits more carbon than the poorest 66%.
According to a 2023 Oxfam report, the wealthiest individuals are responsible for a disproportionate share of global emissions. Their consumption-driven lifestyles and investments—particularly in industries like aviation, luxury goods, and fossil fuels—significantly outpace the emissions of billions living in poverty. Tackling climate change effectively means addressing this carbon inequality.

💬 Comment Corner

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