The Week in Sustainability

November 18–22, 2024

This week:

We dive into the highlights, controversies, and challenges of COP29 in Azerbaijan. While ambitious climate commitments were announced, such as the UN's 81% emissions reduction target by 2035 and Indonesia’s plans for net zero by 2060, skepticism remains about how these goals will be achieved. The conference also saw significant milestones, including the establishment of global carbon market standards under Article 6 of the Paris Agreement, which could dramatically reduce the cost of implementing NDCs. However, criticism marred the summit, with allegations of fossil fuel deals overshadowing its mission. As global negotiations continue, the podcast underscores the necessity of these forums despite their imperfections, emphasizing their pivotal role in advancing climate action.

The Week in Sustainability

November 11–15, 2024

This week:

After the 2024 U.S. election, several states took significant climate action despite federal uncertainties. Washington voters upheld the Climate Commitment Act, ensuring funding for carbon reduction projects, while California approved a $10 billion resilience fund targeting wildfire prevention, water conservation, and clean energy. Hawaii launched a Climate Resiliency Fund, and Louisiana allocated renewable energy revenue for coastal restoration. In South Dakota, voters repealed a law favoring pipeline development, prioritizing landowner rights. Meanwhile, Texas reinforced fossil fuel policies, leaving climate action to local efforts. These state-level initiatives reflect growing public support for policies that enhance safety and resilience.

This week:

Covers the potential impacts of the 2024 U.S. presidential election on climate policy, with anticipated rollbacks under a second Trump administration, including possible withdrawal from the Paris Agreement and increased fossil fuel production. However, strong state-level policies, investor demands, and market dynamics are likely to sustain sustainability progress.

In addition, we recap Workiva’s recent Amplify Conference in EMEA, where industry leaders discussed the complexity of financial and ESG reporting under regulations like the EU's CSRD. Keynotes emphasized the importance of cross-functional collaboration, digital transformation, and assured integrated reporting to meet stakeholder expectations in an evolving regulatory landscape.