Global Scans · 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] While the rising physical impacts of climate change will increase demand for insurance products, the complexities of accurately pricing risk may mean that a high percentage of assets become uninsurable if global average temperatures rise by more than 3 °C. GOV.UK
• [New] Brazil's newly launched Plano Clima 2024-2035 shows how countries can turn climate commitments into concrete action through science-based planning, transparency, and broad stakeholder participation. UNEP - UN Environment Programme
• [New] Global demand for all types of solutions will continue to rise beyond 2035 as the effects of climate change become more acute and risk modelling services continue to improve. GOV.UK
• [New] While guidance so far has only been issued for the largest US banks, in Europe and Asia, strict financial regulation based on climate-related credit risk for all banks is already in place. Ardmore Banking Advisors, Inc
• [New] Funds raised through 2 Legs for 4 will be managed by EAE and will go towards crucial conservation projects such as installing solar lighting to reduce dangerous encounters between humans and tigers in India and supporting research on the effects of climate change on tiger habitats in Bhutan. BusinessMole
• [New] Combined with the ongoing rising temperatures from the climate crisis, a super El Nino could spell major disruption of weather patterns and ocean circulation worldwide. Times of San Diego
• [New] 2026's El Nino will almost certainly become the strongest ever recorded, an analysis by a prominent climate researcher has warned. Live Science
• [New] Over the last few months, the world's weather experts have become more united in the belief that we were going to be hit by a new El Nino climate pattern, and the consensus of computer models suggests it will probably be a very strong one. Los Angeles Times
• [New] Canada faces similar climate-related challenges, with coastal regions like British Columbia vulnerable to rising sea levels and flooding, and interior provinces facing increasing wildfire threats. Climate X
• [New] Over the next 3 years, the UK will spend £6 billion of ODA as International Climate Finance. GOV.UK
• [New] In the UK, climate-change damages could cost 3% to 4% of UK GDP by 2050, deepening to around 8% by the 2070s based on implementation of current international climate policies. GOV.UK
• [New] Climate-risk analytics and decision support: the UK has a strong base of digital, modelling and data-enabled services that can be delivered internationally. GOV.UK
• [New] The UK Sustainability Reporting Standards, due to be phased in by the Financial Conduct Authority from 2027, will fortify existing requirements for a range of public and private actors to identify and manage physical climate risks. GOV.UK
• [New] In the dry climate more than one-third of households in Santa Cruz could struggle to afford water, highlighting the scale of potential impacts without any additional policy interventions. Nature
• [New] Oxygen is disappearing from oceans, lakes, rivers, and coastal waters at an alarming rate, threatening aquatic life and weakening the natural processes that help regulate Earth's climate. ScienceDaily
• [New] The risks of Michigan's problem dams are compounded by climate change, which is making intense storms more common, further testing structures that could barely handle old weather patterns. Insurance Journal
• [New] New UNEP FI reports reinforced that climate resilience is now a financial imperative, with the launch of the Adaptation Finance Taxonomy Playbook and new guidance to help banks better integrate sustainability risks into decision-making. UNEP - UN Environment Programme

Last updated: 26 July 2026