Moriah Costa

BREAKING NEWS: The European Central Bank has just issued a fine of €7.5 million against Credit Agricole for not sufficiently identifying climate risks.

Trump Administration Erases the Government’s Power to Fight Climate Change

As a climate and financial journalist, I find it appalling that one can dismiss decades of research just like that, without any indication or proof that the work is inaccurate. www.nytimes.com/2026/02/12/c...

ECB’s green supervision grows teeth, but will banks avoid being bitten? Now the ECB has started issuing fines for failing to address climate risks, it's up to banks to respond to this more robust supervision, says Michael Hovarth of PwC.

After several years of issuing guidance and repeatedly calling on banks to take climate and environmental risk management seriously, the @ecb.europa.eu is moving from guidance and expectations to enforcement, says Michael Horvath.

greencb.co/4cfxJBi

So basically going back to what we used to have in major cities like Paris in the 1800s, before industrialization really kicked in.

It’s a depressing time to be a climate journalist but it’s more important than ever. Here’s to keeping up the good work!

Economic models need to go beyond GDP to account for climate change Modelling needs to incorporate wider factors such as mortality and capital loss to better anticipate climate impacts, say researchers.

Climate scientists have been saying for years that economic models used by economists don’t take into account the real risks from climate extremes.

Researchers hope to help lower that gap by expanding on solutions for how to go beyond just GDP.

greencentralbanking.com/2026/02/05/e...

Musk mugs Memphis again, with xAI’s Colossus 2 data center World’s largest AI facilities give Boxtown headaches with tons of air pollution, huge water usage, and massive energy demand

Elon Musk’s xAI Colossus 2 will burn enough gas to power nearly half of Memphis daily & pump 2,000+ tons of NOx into the air, according to @selc.bsky.social.

Residents call it environmental injustice in real time👇

www.climateandcapitalmedia.com/musk-mugs-me...

#AI #EnvironmentalJustice

The best climate books to give and read over the holidays Fiction and nonfiction picks (some quite uplifting) for closing out 2025

Looking for some gifts for a climate change skeptic or want to read a climate book that’s not all doom and gloom? Check out @climateandcap.bsky.social end of year book recommendations www.climateandcapitalmedia.com/the-best-cli...

US appeals court pauses California’s disclosure rules The ninth circuit court of appeals paused a rule requiring large companies operating in California to report on business risk from climate change.

More and more lawsuits are happening in the US over California’s climate disclosure rules. In the latest development, the court has paused one of those rules but lawyers warn the pause likely won’t last long. greencentralbanking.com/2025/12/01/u...

The Auto Industry’s Lead Recycling Program is Poisoning People We documented the toxic fallout of a green technology.

What struck me the most when reading this article is how clean lead recycling is possible, but the one company doing it in Nigeria went bankrupt because its expensive. At what cost do we become green? www.nytimes.com/interactive/...

EU omnibus: MEPs vote to slash sustainable reporting requirements EU parliament votes to cut requirements for green reporting and transition plans aligned with the Paris Agreement.

Is the EU’s green deal dead? greencentralbanking.com/2025/11/13/e...

The Philippines is the most at risk from natural disasters and climate change is going to make it worse. I spoke to the Philippines central bank about what they are doing to try and make their financial sector more resilient to climate change

Frank Elderson cautioned that “excluding too many firms from the #CSRD could impair the availability of comparable information about important parts of our economy.”

That’s why we’re revisiting a year of @greencb.bsky.social coverage on the EU’s proposed sustainability omnibus reforms. 🧵

Not everyone in Brussels agrees with the EU’s omnibus proposal.

It’s challenging to be a journalist these days when everything is about tariffs and you’re trying to let people know about other important climate finance news but you feel like everything not tariff related is getting drowned out.

‘This Is Worse’: Trump’s Judicial Defiance Veers Beyond the Autocrat Playbook The president’s escalating conflict with federal courts is even more aggressive than what happened in countries like Hungary and Turkey, experts say.

I’m terrified by what’s happening in the US and how complacent everyone seems to be. Where are the protests? Where are the objections? Please tell I’m wrong and people are actually fighting this. www.nytimes.com/2025/03/20/w...

EU omnibus sustainability proposal: Why experts are concerned The European Commission is planning an EU omnibus regulation to simplify many of the corporate sustainability reporting requirements. The omnibus proposal

I’ve been following the EU sustainability omnibus proposal closely. It’s technical and confusing so I wrote an explainer for @greencb.bsky.social on what’s happening and why experts are concerned about its impact on climate risk mitigation. greencentralbanking.com/2025/02/26/e...

A Climate Solution On The Half Shell | NOEMA Oysters can feed a growing planet while protecting our coastlines, but only if we help them first.

I love oysters. Now I have even more reasons to love them. www.noemamag.com/a-climate-so...

Analysis: 95% of countries miss UN deadline to submit 2035 climate pledges - Carbon Brief Around 95% of countries have missed a UN deadline to submit new climate pledges for 2035, Carbon Brief analysis shows.

Around 95% of countries have missed a UN deadline to submit new climate pledges for 2035, @carbonbrief.org analysis shows www.carbonbrief.org/analysis-95-...

How Trump's USAID shutdown threatens the world’s climate goals USAID was a key player in renewable energy and disaster protection around the world — until Elon Musk showed up.

The USAID shutdown will have far reaching consequences on the worlds climate change mitigation efforts grist.org/politics/usa...

$1.1 trillion investment opportunity in Asia’s energy transition - Climate and Capital Media Asia's renewable energy market offers investment opportunities beyond manufacturing solar panels and wind turbines.

While the US cuts #renewables funding, #Asia takes a global lead with #climate #investment targets worth $1T

@karihuus.bsky.social @barclay2.bsky.social @blairpalese.bsky.social @petermckillop.bsky.social @climateandcap.bsky.social

No plans to back out of climate risk work or NGFS, says ECB climate head The ECB has no intention of backing down on its work around climate change risk or global cooperation, said Irene Heemskerk, head of the ECB’s climate change centre.

I spoke with the head of the European Central Bank’s climate change centre about the importance of banks accounting for climate change risk and the central bank’s plan to continue its work with the NGFS. greencentralbanking.com/2025/02/04/i...

Time series or daily global temperature anomalies from ERA5.

Despite the recent cold in the USA, and the presence of a (weak) La Niña in the Pacific, January is on track to be the warmest January on record. 😬

Some good news to start the weekend.

Two people sit at a dining room table. One shows the other the weather app on their phone, and says, “It says it’s nineteen degrees out, but the general lack of empathy in our current climate makes it feel colder.”

Today’s Daily Cartoon, by Matt Reuter. #NewYorkerCartoons

Drawing strangers on the metro to distract myself from current events.

Trump plan to withdraw from Paris Agreement (again) threatens global green transition efforts If Trump wins a second term, he could not only pull out of the Paris Agreement once more but also withdraw funding from the World Bank and IMF.

Sharing an article I wrote a few months ago now that Trump has officially withdrawn the US from the Paris agreement. greencentralbanking.com/2024/10/04/t...

Basel committee committed to climate disclosures, despite US pushback US regulators reportedly will not back the Basel committees framework on climate disclosures, leaving its future uncertain.

Despite pushback from the US, the Basel committee is still considering climate disclosures for banks greencentralbanking.com/2024/11/26/b...

Well this isn’t looking good.

Snow in Paris today. Yet on Sunday the forecast is for a high of 19 C (66 F).