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Sustainability analysts predict a significant increase in adaptation financing by 2026 due to escalating physical risks from climate change. Following COP30, there is a call to increase adaptation finance to US$120 billion by 2035, with new metrics to track progress. This framework aims to help governments and businesses incorporate adaptation strategies into their plans and investments, according to Sharad Somani from KPMG.

Businesstimes News

Adaptation financing to gain momentum in 2026: sustainability analysts

OMV CEO Alfred Stern cautioned that strict regulations on plastic recycling could hinder innovation in the sector. Speaking at the World Economic Forum in Davos, he highlighted the challenge of new technologies competing against established petrochemical supply chains. Stern emphasized the need for financial incentives to improve collection and sorting systems, as OMV views recycling as a growth opportunity. The company is investing in significant recycling capacity and urged global treaty negotiators to consider regional differences and stop exporting waste, which should be treated as a valuable local resource.

Reuters

OMV CEO says strict rules on plastic recycling could stifle innovation

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A recent report indicates that the global carbon dioxide emissions reached a record high of 34 billion metric tons in 2020, despite a 6.4% decrease in emissions in the United States due to the COVID-19 pandemic. The report also reveals that China remains the largest emitter of carbon dioxide with 27% of the global total emissions, while the European Union saw a 10% decrease in emissions. These findings highlight the urgent need for countries to take action in reducing carbon emissions to combat climate change.

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iShares U.S. Power Infrastructure ETF

Li-FT Power announces new financing with $10 million to support expansion efforts.

In Davos, Switzerland, during the World Economic Forum, Saudi Arabia announced its leadership in a worldwide initiative to safeguard coral reefs and harness the potential of artificial intelligence. This new global effort aims to protect marine ecosystems and leverage AI technologies for environmental conservation.

Saudi Arabia is leading global efforts to protect coral reefs, and unlock the potential of Artificial Intelligence at the World Economic Forum.

Saudi Arabia will host the first Global Coral Reef Summit in 2026, announced Princess Reema bint Bandar at the World Economic Forum. The summit aims to unite global leaders, scientists, and investors to address coral reef protection and recovery. Princess Reema emphasized the oceans' vital role in climate regulation and food security, warning of the pressures on marine ecosystems. She highlighted Saudi Arabia's commitment to marine biodiversity and its leadership in the Global Coral Reef Initiative, stressing the urgent need for international cooperation to ensure the future of coral reefs.

Zawya

ZAWYA-SNG: Saudi Arabia to host first Global Coral Reef Summit in 2026, Princess Reema says

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Trafigura CEO Richard Holtum stated at the World Economic Forum that clean fuels need subsidies and mandates to compete with conventional fuels due to higher costs. He emphasized that consumers would need to pay significantly more for these fuels. Trafigura also announced a six-year agreement to purchase sustainable aviation fuel from Syzygy Plasmonics, with deliveries expected in 2028. Holtum highlighted the importance of immediate carbon reduction through coal-to-gas switching over long-term projects and suggested that excess renewable energy should be directed to electricity grids.

CleanSpark

Clean fuels require subsidies and mandates to survive in free market, Trafigura CEO says

An international agreement, the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement, has come into force to protect and sustainably use marine life in international waters and the seabed. This legally binding UN treaty covers over two-thirds of the ocean's surface and aims to address climate change, biodiversity loss, and pollution. It has been ratified by 81 nations, including major economies like China and Germany, but the U.S. has not yet ratified it. The treaty emphasizes inclusive ocean governance and the engagement of Indigenous Peoples and local communities.

rttnews

International Marine Protection Treaty Comes Into Force

Ecolab, CDP Collaborate to Launch Water-Use Efficiency Index

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Ecolab

Ecolab, CDP Collaborate to Launch Water-Use Efficiency Index

Ecolab and CDP have launched the Water Use Efficiency Index to help companies improve operational water performance. This benchmark provides sector-specific guidelines for water management, starting with the Beverage and Brew segment of the Food, Beverage, and Agriculture industry. The initiative aims to enhance water efficiency, reduce costs, and support sustainability in water-stressed regions. By leveraging data from CDP and Ecolab, the Index offers insights into best-in-class water use, enabling companies to benchmark their performance and identify improvement opportunities. This partnership seeks to drive meaningful growth and positive impact in water management.

LanzaTech Global - CW23(LNZAW.US)

Adaptation financing to gain momentum in 2026: sustainability analysts

OMV CEO says strict rules on plastic recycling could stifle innovation

Li-FT Power announces new financing with $10 million to support expansion efforts.

Saudi Arabia is leading global efforts to protect coral reefs, and unlock the potential of Artificial Intelligence at the World Economic Forum.

ZAWYA-SNG: Saudi Arabia to host first Global Coral Reef Summit in 2026, Princess Reema says