In a world running fiscal and carbon deficits, debt-for-nature swaps can help alleviate the harms associated with the long-term challenges of both sovereign debt and climate change.

When it comes to clean industrial policy, the US and EU diverged fundamentally in their approaches during 2025. The next four years will determine who played their cards right.

Fires and floods caused by extreme weather are becoming ever more common—and making insurance unaffordable. This will have dramatic consequences for economic security as well.

With the world “overspending” on carbon emissions, carbon removal technology is in the spotlight as a means to “balance the carbon budget.” But so far these projects have failed to deliver.