As the year is coming to a close, it is important to learn about “Earth Overshoot Day”. This day occurs every year and it marks the date when humanity’s demand for ecological resources and services in a given year exceeds what Earth can regenerate in that year. In 2023, this date fell on August 2nd, which means that the world exceeded its annual renewable resources four months before the year ended.

The World Resources Institute recently published, “The State of Climate Action 2023”. This report provided insight into a roadmap that the world can follow to reach the agreed-upon 1.5℃ degree target in each high-impact area of the market.

IPCC Climate Change Mitigation Report: What you need to know.

Early in April, the Intergovernmental Panel on Climate Change (IPCC) published the second part of their sixth evaluation report. This report primarily focuses on mitigation of further climate change, reducing greenhouse gas (GHG) emissions, and removing carbon dioxide (CO2) from the atmosphere.

Yesterday, The European Securities and Market Authority (ESMA) published their final report on the European Union Carbon Market. Key findings from the ESMA website note that while there weren’t any major deficiencies found, there are a few policy recommendations that to no surprise, end up centralized around transparency and monitoring.