Trade and Security on Agenda as India’s Modi Visits Japan
Indian Prime Minister Narendra Modi arrived in Japan on Thursday to meet his Japanese counterpart, Shigeru Ishiba, with trade and security high on the...
Jeff Bezos’ $10-billion Earth Fund has withdrawn its backing from the Science Based Targets initiative (SBTi), a key verifier of corporate climate goals, according to the Financial Times.
The decision follows internal complaints from SBTi staff about the Earth Fund’s potential influence over the organization, the FT reported. The move also comes amid broader criticism directed at SBTi, including from its own employees, over a decision last year to loosen rules on how companies can use carbon credits to offset their supply-chain emissions.
Some staff members questioned whether meetings hosted by the Bezos Earth Fund in London shortly before the rule changes could have influenced SBTi’s decision. Neither SBTi nor the Bezos Earth Fund responded to requests for comment outside regular business hours.
The Bezos Earth Fund is one of SBTi’s two main funders, alongside the IKEA Foundation, according to the organization’s website.
The timing of the withdrawal has also been linked to shifting political dynamics. The FT report suggests the move may be a response to policies favored by former President Donald Trump, who recently ordered the U.S. withdrawal from the Paris Agreement on climate action.
SBTi plays a significant role in assessing and verifying corporate commitments to reducing greenhouse gas emissions in line with the Paris Agreement targets. The group’s credibility has been challenged recently, with critics arguing that loosening carbon credit rules undermines the integrity of corporate climate reporting.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Pakistan’s eastern towns of Chiniot and Hafizabad are at risk of devastating floods if an irrigation barrage on a major upstream river collapses after torrential rains pushed it beyond capacity, officials warned on Thursday.
Egypt, the United Arab Emirates (UAE), and Bahrain have signed an agreement with China to jointly develop a $220 million solar energy project.
A deadly landslide triggered by heavy rain struck a major Hindu pilgrimage route in Jammu, killing at least 30 people and disrupting communication across the region.
Wind farm developer Orsted's plan to raise much-needed capital is at risk following a U.S. order to halt construction of a near-complete project, and the Danish group's share price could come under pressure on Monday, analysts said.
Brazil’s government has ruled out subsidising hotel costs for delegates attending the COP30 climate summit in Belém this November, despite growing concerns over soaring accommodation prices.
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