Global
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UK local authorities increase climate projects despite budget constraints. Nearly half report financial hurdles, with £67 billion identified for climate initiatives. A new CDP report highlights the importance of local actions amid projected GDP declines due to climate disruptions.
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UK aims for 45,000 jobs with new wind strategy. The Onshore Wind Strategy seeks to reverse stagnation, creating skilled jobs and expanding wind capacity by 2030. It includes measures for faster development, community funding, and industry collaboration.
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Phlair and Carbon Removal to build Norway’s first DAC facility. The Øygarden project aims to remove 60,000 tonnes of CO2 annually, scaling to 500,000 tonnes, using DAC technology powered by solar energy, enhancing Europe’s carbon management capabilities….
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JPMorgan’s Kinexys tests blockchain to tokenize carbon credits. The initiative seeks to address standardization and transparency issues in the voluntary carbon market, partnering with S&P Global Commodity Insights, EcoRegistry, and the International Carbon Registry to facilitate credit tokenization….
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New rules requiring small businesses to file detailed accounts paused. The government has delayed implementing Companies House reforms over concerns about excessive regulatory burdens on smaller businesses, aligning with its strategy to reduce administrative costs and support economic growth.
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ISSB releases new exposure drafts amending SASB sustainability standards. The drafts focus on nine priority industries, aligning SASB standards with ISSB requirements. Stakeholders can provide feedback until 30 November, with final enhancements expected in 2026….
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Bank of England shows openness to stablecoins in wholesale markets. Sasha Mills, Executive Director of Financial Market Infrastructure, indicated a potential role for stablecoins in wholesale markets, signalling a shift from the Bank’s cautious stance, amidst industry feedback.
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Nadia Nikolova appointed CEO of responsAbility Investments in 2025. M&G’s impact unit responsAbility Investments appoints Nadia Nikolova as CEO, succeeding Rochus Mommartz. Founded in 2003, responsAbility focuses on financial inclusion, climate finance, and sustainable food….
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Seventeen UK firms adopt four-day week after successful trial. The six-month trial led by the 4 Day Week Foundation showed improvements in staff wellbeing and productivity, prompting 12 companies to adopt a permanent four-day week and five to implement a “nine-day fortnight”.
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UBS’s SDG Outcomes Fund reaches $100 million in commitments. The fund, developed by UBS Optimus Foundation and Bridges Outcomes Partnerships, aims to accelerate progress towards UN Sustainable Development Goals through outcomes-based financing in low- and middle-income countries….