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illuminem summarises for you the essential news of the day. Read the full piece on The Wall Street Journal or enjoy below:
🗞️ Driving the news: As Climate Week NYC 2025 begins, the mood is more cautious than celebratory. Amid a wave of regulatory rollbacks, defunding, and legal threats—especially under President Trump’s administration—the climate and sustainability sector is navigating a turbulent landscape
• Nonprofits like Greenpeace and standard-setters such as SBTi and CDP have come under legal scrutiny, while many companies are adopting a quieter posture on sustainability amid fears of greenwashing accusations and political backlash
🔭 The context: Climate Week NYC is the largest global climate event after the UN COP summits, running alongside the UN General Assembly
• It has historically served as a platform for showcasing ambitious climate action. This year, however, political hostility in the U.S. has tempered corporate enthusiasm
• Recent lawsuits and investigations, including a $700 million judgment against Greenpeace and probes into ESG alliances by Republican attorneys general, have created a chilling effect on public climate advocacy in the corporate sector
🌍 Why it matters for the planet: Despite the hostile U.S. political environment, corporate and financial momentum for sustainability remains strong
• Global renewable energy investment hit a record $386 billion in H1 2025, and companies setting science-based targets more than tripled since 2023, covering 41% of global market capitalization
• This suggests that while public discourse may have cooled, private-sector action and long-term climate investment continue to scale
• The challenge is ensuring these efforts remain credible, integrated, and resilient under political pressure
⏭️ What's next: This year’s Climate Week is expected to focus less on bold public announcements and more on practical strategy, coalition-building, and internal accountability
• Companies are reframing sustainability in financial terms—shifting the conversation to risk management, return on investment, and operational efficiency
• Behind closed doors, stakeholders are looking to reinforce alignment, validate approaches, and prepare for more adversarial political and legal conditions, particularly heading into the 2026 U.S. midterm elections and COP31
💬 One quote: “Despite the noise, the story of corporate climate action isn’t one of retreat—it’s one of resilience.” – David Kennedy, CEO of the Science Based Targets initiative
📈 One stat: $386 billion – Global renewable energy investment in the first half of 2025, a 10% increase year-over-year, setting a new record (BloombergNEF)
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