COP27 just ended. Click here to read the key highlights and curated articles about the conference.

COP27, the UN Climate Change Conference, got underway on November 6th in Sharm El Sheikh, Egypt. The Conference will focus on climate finance, implement the Paris Agreement 2015, operationalize the recommendations of the Glasgow Conference 2021, and mobilize collective action on adaptation and mitigation actions. Read on for week 1 highlights.

We are in the midst of a global hunger/food crisis that has been triggered by the Ukraine-Russia war and climate change. Ukraine and Russia account for 1/3 of global grain exports and a significant portion of other agrifood products as well as fertilizer. Due to the war, Ukraine’s ports were unable to facilitate shipments for nearly five months. However, the UN and Turkey brokered a deal (under the “Joint Coordination Center “/JCC) that reopened the ports and enabled food shipments to resume. Here’s the background information on the JCC and the key role that Ukraine and Russia play in the context of global food security.

If you missed UN/GA Week and Climate Week, we have a summary for you.

At TBG Purpose, we create the best and latest Climate Change/Climate Action stories that should be on your radar. Bookmark this page and check back regularly. This service is provided by TBG Purpose, a leading Corporate Social Responsibility (CSR)/Sustainability partner for corporations, institutions and governments. TBG Purpose provides an integrated set of solutions and enables organizations to meet their Sustainability and ESG objectives in line with the SDGs and global reporting standards and frameworks. Get in touch with our team for a free TruePurpose Sustainability Assessment and find out your TruePurpose Score.

Today, 56% of the world’s population lives in urban centre. That number is projected to rise to approximately 70% by 2050. With such a large labor pool, it may not be surprising that cities account for 80% of Gross National Product globally. The flip side of being the engines of economic growth, is that they contribute to 75% of total greenhouse gas emissions.These realities position cities as a great source of opportunity but also a great source of risk.

The global supply chain can hardly sail with favorable winds. Unpredictable factors at regional and international levels affect the beginning-to-end process of product supply. Only through reflecting, innovating, and collaborating, can we increase the resilience and preparedness of the global supply chain.

In May 2020, the World Bank and the International Monetary Fund urged the G20 to establish the Debt Service Suspension Initiative (DSSI) to help least developed countries concentrate their resources on “fighting the pandemic and safeguarding the lives and livelihoods of millions of the most vulnerable people”. From May 2020 to December 2021, the DSSI suspended $12.9 billion in debt-service payments for 48 countries, which expired at the end of December 2021. However, the Russia - Ukraine conflict has escalated debt situations in developing countries. According to the IMF, 60 percent of low-income countries are at high risk of/or already in debt distress. Middle-income countries have experienced the highest debt-service burdens in three decades. High inflation, slower growth, and tightening financial conditions are likely to undermine debt sustainability, further impeding investments in climate resilience.

At TBG Purpose, we create the best and latest Climate Change/Climate Action stories that should be on your radar. Bookmark this page and check back regularly. This service is provided by TBG Purpose, a leading Corporate Social Responsibility (CSR)/Sustainability partner for corporations, institutions and governments. TBG Purpose provides an integrated set of solutions and enables organizations to meet their Sustainability and ESG objectives in line with the SDGs and global reporting standards and frameworks. Get in touch with our team for a free TruePurpose Sustainability Assessment and find out your TruePurpose Score.

Did you know that sustainable companies typically outperform their industry peers on gross profit, EBITDA, EBIT and net profit metrics? Click for more insights.

West Virginia, historically a leading coal producer, has a great potential when it comes to renewable energy. However, the path towards a greener future is not easy. Our analysis below goes through the obstacles and opportunities the state faces in relation to energy transition.

Cryptocurrencies are digital currencies known for revolutionizing traditional banking, given they are decentralized, flexible, and easy to access via multiple platforms. Over the last few years, we have witnessed a massive surge of interest in Crypto, followed by considerable volatility and declines. But there is another aspect that makes Crypto controversial in many countries. Cryptocurrency mining uses an immense amount of energy. So how can such nations continue producing Cryptocurrencies while maintaining their goals to reduce carbon footprints?

In June 2021, at the Bitcoin 2021 conference in Miami, El Salvador President Nayib Bukele announced that El Salvador would become the world's first sovereign nation to adopt bitcoin as its legal tender. The digital currency Bitcoin legal tender came into effect on September 7, 2021, as per the legislation published by the El Salvador government. Bitcoin is accepted as payment for goods or services and used in any transaction in El Salvador. However, in June 2022, Bitcoin experienced the most significant monthly price drop - over 37.3% - since 2011. As of August 2022, it maintained a USD 22,602 price level, which is still much lower than the price in 2021. The cryptocurrencies' value collapse is also causing trouble in El Salvador. According to Bloomberg, the 2,381 Bitcoins the government has purchased with public funds are now worth about 50% less than what authorities paid. So, why did President Nayib Bukele think adopting bitcoin as an official currency was a good idea?

Greece is working to reduce harmful emissions by at least 55 percent by 2030 and aspires to make all of its inhabited islands environmentally friendly. Several projects are being implemented across the country which will allow some islands to replace their oil-burning generators with renewable energy produced by Greece's plentiful wind and sun.

Change/Climate Action stories that should be on your radar. Bookmark this page and check back regularly. This service is provided TBG Purpose, a leading Corporate Social Responsibility (CSR)/Sustainability partner for corporations, institutions and governments. TBG Purpose provides an integrated set of solutions and enable organizations to meet their Sustainability and ESG objectives in line with the SDGs and global reporting standards and frameworks. Get in touch with our team for a free TruePurpose Sustainability Assessment and find out your TruePurpose Score.

The Senate still has to ratify the instrument, but the climate provisions in the Inflation Act are the most bold climate package ever passed in the U.S., and would allow the country to play a significant role as an environmental example.

Last week Saudi Arabia revealed its plans for the futuristic urban project "THE LINE." THE LINE will be part of the mega-city, NEOM, which Saudi Arabia announced in 2017. NEOM will cost $500 billion, and the Saudi Arabian Public Investment Fund (PIF) is funding the project. Is THE LINE real or fantasy, and what is Saudi Arabia doing to complete the project successfully?