This week, The World Bank approved $1.5 billion in financing to support India's low-carbon transition. This approval represents a massive step towards addressing climate change and promoting sustainable development in India.

This week, there was a major turning point in the United States’ commitment to sustainability and environmental stewardship. The Biden-Harris Administration's recent announcement of an unprecedented $11 billion investment plan for the creation of clean energy programs across rural America is the largest investment of this kind that the states have ever seen and is guaranteed to have residual impacts. This significant investment has the potential to accelerate the shift to renewable energy, stimulate economic growth, and combat climate change challenges.

This week IRENA’s Director-General Fancesco La Camera shared the World Energy Transitions Outlook 2023 Preview and warned that our world needs a dramatic shift in the energy transition to avoid surpassing our 1.5 C climate target. What this translates to is a total of $35 trillion is needed by 2030 to expedite this energy transition.

In the first mandate of its kind, the Japanese capital’s local assembly now requires all new houses built in Tokyo by large-scale homebuilders after 2025 must install solar panels.

This week, the Biden-Harris Administration announced the first federal building standards designed to reduce energy use while electrifying equipment and appliances in 30% of the building space owned by the Federal government by 2030. This announcement was partnered by the U.S. Department of Energy (DOE) announcing a proposal to electrify new Federal buildings and Federal buildings undergoing major renovations. Last and certainly not least, to further drive home the cause, the State of California announced that it will be joining President Biden’s National Building Performance Standard Coalition that has committed to reducing the emissions of existing buildings. These three changes represent massive progress for the U.S. and will certainly have a ripple effect across the US.

France’s Senate approved new legislation that will now require all parking lots with spaces for 80 vehicles or more to be covered by solar panels. This legislation expands to both and new and old parking lots.

On Wednesday Amazon announced that they would expand their already vast portfolio of renewable energy projects by 71 more projects. With a total of now 379 renewable energy projects these 71 new projects are dedicated to wind and solar around the world which will add 2.7 GW of energy capacity. Amazon expects that all 379 of these renewable energy projects will generate about 50,000 GWh of clean energy which equals enough energy to power 4.6 million US homes each year.

Last week, California governor Gavin Newsom signed on a package of legislation that will address a wide array of climate measures designed to ensure the state will reach it commitment of net-zero greenhouse gas emissions by 2045 among other ambitious goals. Legislation includes bills to reduce carbon emissions, protect Californians from big polluters and accelerate the transition to clean energy.

California is commonly known for it’s earthquake risk and more recently, severe drought and wild fires. However, the tides are changing for California as a new study from UCLA predicts that potentially catastrophic flooding or what being called a “megaflood” is likely to happen. While there isn’t a clear timeline on when this “megaflood” may hit, the study from UCLA indicates that the possibility has been almost doubled thanks climate change.

This week, The California Energy Commission (CEC) adopted a set of goals that will enable the state to develop clean energy through offshore wind. This offshore wind development is expected to generate 2,000-5,000 megawatts (MW) of offshore wind by 2030, and should increase to 25,000 MW by 2045. Assuming the state hits these goals, that would be enough electricity to power 3.75 million homes by 2030 and 25 million homes by mid-century.