Moriah Costa

Frank Elderson cautioned that “excluding too many firms from the #CSRD could impair the availability of comparable information about important parts of our economy.”

That’s why we’re revisiting a year of @greencb.bsky.social coverage on the EU’s proposed sustainability omnibus reforms. 🧵

Not everyone in Brussels agrees with the EU’s omnibus proposal.

It’s challenging to be a journalist these days when everything is about tariffs and you’re trying to let people know about other important climate finance news but you feel like everything not tariff related is getting drowned out.

‘This Is Worse’: Trump’s Judicial Defiance Veers Beyond the Autocrat Playbook The president’s escalating conflict with federal courts is even more aggressive than what happened in countries like Hungary and Turkey, experts say.

I’m terrified by what’s happening in the US and how complacent everyone seems to be. Where are the protests? Where are the objections? Please tell I’m wrong and people are actually fighting this. www.nytimes.com/2025/03/20/w...

EU omnibus sustainability proposal: Why experts are concerned The European Commission is planning an EU omnibus regulation to simplify many of the corporate sustainability reporting requirements. The omnibus proposal

I’ve been following the EU sustainability omnibus proposal closely. It’s technical and confusing so I wrote an explainer for @greencb.bsky.social on what’s happening and why experts are concerned about its impact on climate risk mitigation. greencentralbanking.com/2025/02/26/e...

A Climate Solution On The Half Shell | NOEMA Oysters can feed a growing planet while protecting our coastlines, but only if we help them first.

I love oysters. Now I have even more reasons to love them. www.noemamag.com/a-climate-so...

Analysis: 95% of countries miss UN deadline to submit 2035 climate pledges - Carbon Brief Around 95% of countries have missed a UN deadline to submit new climate pledges for 2035, Carbon Brief analysis shows.

Around 95% of countries have missed a UN deadline to submit new climate pledges for 2035, @carbonbrief.org analysis shows www.carbonbrief.org/analysis-95-...

How Trump's USAID shutdown threatens the world’s climate goals USAID was a key player in renewable energy and disaster protection around the world — until Elon Musk showed up.

The USAID shutdown will have far reaching consequences on the worlds climate change mitigation efforts grist.org/politics/usa...

$1.1 trillion investment opportunity in Asia’s energy transition - Climate and Capital Media Asia's renewable energy market offers investment opportunities beyond manufacturing solar panels and wind turbines.

While the US cuts #renewables funding, #Asia takes a global lead with #climate #investment targets worth $1T

@karihuus.bsky.social @barclay2.bsky.social @blairpalese.bsky.social @petermckillop.bsky.social @climateandcap.bsky.social

No plans to back out of climate risk work or NGFS, says ECB climate head The ECB has no intention of backing down on its work around climate change risk or global cooperation, said Irene Heemskerk, head of the ECB’s climate change centre.

I spoke with the head of the European Central Bank’s climate change centre about the importance of banks accounting for climate change risk and the central bank’s plan to continue its work with the NGFS. greencentralbanking.com/2025/02/04/i...

Time series or daily global temperature anomalies from ERA5.

Despite the recent cold in the USA, and the presence of a (weak) La Niña in the Pacific, January is on track to be the warmest January on record. 😬

Some good news to start the weekend.

Two people sit at a dining room table. One shows the other the weather app on their phone, and says, “It says it’s nineteen degrees out, but the general lack of empathy in our current climate makes it feel colder.”

Today’s Daily Cartoon, by Matt Reuter. #NewYorkerCartoons

Drawing strangers on the metro to distract myself from current events.

Trump plan to withdraw from Paris Agreement (again) threatens global green transition efforts If Trump wins a second term, he could not only pull out of the Paris Agreement once more but also withdraw funding from the World Bank and IMF.

Sharing an article I wrote a few months ago now that Trump has officially withdrawn the US from the Paris agreement. greencentralbanking.com/2024/10/04/t...

Basel committee committed to climate disclosures, despite US pushback US regulators reportedly will not back the Basel committees framework on climate disclosures, leaving its future uncertain.

Despite pushback from the US, the Basel committee is still considering climate disclosures for banks greencentralbanking.com/2024/11/26/b...

Well this isn’t looking good.

Snow in Paris today. Yet on Sunday the forecast is for a high of 19 C (66 F).

👏🏻👏🏻👏🏻👏🏻

One key issue they are missing is what to do about Paris’s iconic slate rooftops, which absorb a lot of heat. While historic and beautiful, being in a building with a slate rooftop during a heatwave is unbearable.

And it’s only expected to get worse and more unstable in the coming years.

#COP29 UPDATE

Presidency just outlined plan to wrap up:

🕛midnight new texts on NCQG, MWP, JTWP, UAE dialogue
🕖other texts tomorrow 7am
🗣️single-setting chat to discuss package
✍️then 2nd text iterations
⏰finish on Friday 🤔

STILL NO COVER TEXT: "don’t want to open a new battle front"

Central Bank of Azerbaijan releases global green taxonomy roadmap at Cop29 The Central Bank of Azerbaijan released a green taxonomy roadmap to improve cross-border flows of sustainable finance among emerging economies.

The Central Bank of Azerbaijan released a global green taxonomy at Cop29. Cross-border financial flows can get bogged down with all the different taxonomies. Is this yet another roadmap or will it actually help increase sustainable finance in emerging markets? greencentralbanking.com/2024/11/19/c...

The G20 met in Rio de Janeiro these days and have agreed on a declaration. It is a mixed bag at best and a missed opportunity to provide impetus to the ongoing #COP29 🧵

www.g20.org/en/documents...

The energy transition will be much cheaper than you think Most analysts overestimate energy demand and underestimate technological advances

Lots to be depressed about right now, but this may be a bright spot - moving to net zero may not be as costly as estimates suggest
www.economist.com/interactive/...

Dollar-denominated debt: the hidden threat to global climate ambitions Currency exchange costs on dollar loans are hindering uptake of renewable energy in global south countries – but there are solutions, say policy experts.

With the G20 starting today, I thought I would share this excellent report from a colleague of mine on why US-dollar dominated debt is a threat to climate ambitions, especially for the global south. greencentralbanking.com/2024/11/12/d...