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Climate news articles from Bloomberg Green + FT Climate Capital

Reading time: 8 min.

If climate news were a Netflix series, the past two weeks would’ve been a blockbuster, leaving us gripping the edges of our seats . . . and sometimes, burying our faces in our hands. What have we seen?

We saw unsettling scenes: businesses withdrawing from the crucial UN climate summit in Belém . . . deterred by politics + excessive hotel prices + difficult travel = symbolizing exactly the type of short-term thinking that landed us here in the first place. ExxonMobil’s CEO urged Donald Trump to weaponize trade talks against the EU’s “bone-crushing” climate regulations = Business-as-Usual power dynamics prioritizing profits over planetary decency. Meanwhile, Trump continues dismantling climate progress: gutting US Environmental Protection Agency (EPA) greenhouse gas oversight + slashing ocean areas designated for wind farms + encouraging scientists who dismantle climate consensus. Heatwaves shattered records from London to Tokyo + disrupted subways in NYC + sent energy demands soaring. Extreme weather events drove food prices sharply upwards worldwide. The oceans themselves are crying out . . . experiencing “unprecedented” heat waves that we are approaching dangerous tipping points sooner than we imagined.

Yet amid the climate horror movies playing out before us, real heroes step forward. Small island nations’ students successfully took major polluters to court, proving that the seemingly powerless can challenge and defeat giants. Scotland boldly approved the world’s largest offshore wind farm, while Australia doubled down on solar strategies to tackle drought and evaporation. A green steel startup declared it could now out-price traditional steel, challenging assumptions that sustainability must come at a premium.

There’s also strategic courage: Eni, Italy’s oil titan, commits to making energy-transition profits match its traditional oil and gas by 2035. Japan’s pension funds embrace ESG and find robust returns. Even Formula 1’s pivot to renewable energy has achieved a remarkable 26% reduction in its carbon footprint.

Still, it’s clear we’re far from safe shores. Germany faces declining investments in residential solar, and Europe’s far-right wants to derail critical 2040 climate targets. Meanwhile, China . . . despite its global renewable leadership . . . continues controversial mega-projects like the $167 billion Tibetan dam = risking environmental upheaval while ramping up coal capacity thus undermining global emission goals.

Luxembourg, too, has been drawn into controversy, investigating potential wrongdoing in CO₂ credit schemes linked to China. Such cases remind us that transparency and accountability are as vital in climate finance as in activism.

The complexity can feel overwhelming, but we must remain clear-eyed: our choices today define tomorrow. As United Nations Secretary-General António Guterres warns: fossil fuels are “running out of road,” and renewable energy has already become our primary lifeline. Technology can help . . . AI accelerates climate research, and clean tech innovations surge forward . . . but only alongside human determination + bold governance + shared global vision.

The climate crisis is not just scientific or economic: it’s profoundly moral and human. It demands relentless courage. We cannot afford to retreat, ignore, or despair.

Together, we must stay hopeful, vigilant, and committed, keeping the climate story firmly in our hands. The Youth4Planet community thrives not just on facing difficult truths, but on turning difficult truths into powerful, courageous action. So, as central bankers serve existential warnings and politicians stall, the world desperately needs you . . . us . . . to turn the tides. We have the tools, stories, and bravery to write a new script. Let’s make sure it’s one worth telling.

Here are the the Financial Times Climate Capital news articles and Bloomberg Green articles for the 2 weeks ending today, Friday 1st August 2025:

  • A host of businesses and consultants are backing away from the UN climate summit at the city of Belém, known as the gateway to the Amazon, deterred by a difficult political backdrop, up to $2,000-a-night for hotel rooms and lengthy travel https://on.ft.com/4l6zykG
  • Exxon chief urges Donald Trump to use trade talks to fight ‘bone-crushing’ EU regulation . . . Darren Woods says bloc’s climate and human rights directive will hurt competition https://on.ft.com/4ogPBiF
  • Eni bets on energy transition profits to match oil and gas by 2035 . . . Italian oil major sticks with ‘satellite’ strategy for low-carbon units as others pull back https://on.ft.com/40G7Tjr
  • Central bankers are more like David Cronenberg than Steven Soderbergh — they don’t hop around between genres trying to create a quirky feel-good experience, they just stick to what they know and hit you with repeated waves of existential horror. The latest summer blockbuster from the ECB Blog is a perfect example — if you take a minute to think about what it’s saying, it will chill your spine https://on.ft.com/44RBQyg
  • Fossil fuels were “running out of road” as the cost of renewable energy dropped sharply, the UN secretary-general said, after clean energy made up the bulk of all new electricity capacity additions globally in 2024 https://on.ft.com/4lJ4Mjb
  • A senior central banker has defended supervisors’ work on climate change after attacks from the US, and warned officials had previously “completely underestimated” the risks rising temperatures pose to the financial system https://on.ft.com/4lWTiJ7
  • Extreme weather drives food price surges across the globe. Unusual climatic events are directly linked to short-term spikes in cost of basic foodstuffs, study shows https://on.ft.com/4lDrSYl

Last Edited: 01. Aug 2025

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