3 Climate Policy Developments To Follow In 2025
As we move into 2025, Forbes’ Simi Thambi reports on significant climate policy developments poised to shape the global response to climate change. One major update comes from the Nationally Determined Contributions (NDCs) that countries are submitting under the Paris Agreement, with an emphasis on greater ambition to curb global emissions. A notable example is the USA’s goal to reduce net greenhouse gas emissions by up to 66% by 2035. Climate experts anticipate that these updated NDCs will address critical sectors like food systems, which contribute to a third of global emissions.
Additionally, the potential impact of the new U.S. administration, particularly on the Farm Bill and climate-smart agriculture, could influence key strategies in reducing emissions from the agricultural sector. As policy discussions unfold, the fate of climate funding and regulations will be closely watched.
In Europe, the EU's upcoming Deforestation Regulation promises to dramatically change supply chains by requiring companies to certify that their products are deforestation-free, with heavy penalties for non-compliance. This regulation could have far-reaching effects on industries like palm oil and cocoa, especially in high-risk countries such as Brazil and Indonesia. These evolving policy landscapes highlight the urgent need for global action on climate change and the pivotal role of governments, businesses, and citizens in shaping a sustainable future.
