London Mayor: UK Tops Green Finance Rankings for Eighth Straight Year
Greek Energy Pulls In $26B As Europe Scrambles To Replace Russian Gas Russian-installed authorities in occupied Crimea… CityAM.com is the online presence of City A.M., London's first free daily business newspaper. Both platforms cover financial and business news as well as sport and… As the City of London Corporation marks the fifth instalment of theNet Zero Delivery Summitthis week, I reflect on the world we were in back in 2022.
Only four years ago businesses and communities were recovering from Covid, war had returned to the European continent with the invasion of Ukraine, and surging fuel and food prices were driving global inflation to historic levels.
Since then, global instability has only deepened, with conflict in the Middle East and tariff wars disrupting global trade.
We have to face a difficult truth that the relative stability among major powers that has defined the period since the Second World War – what the historian John Lewis Gaddis called the Long Peace – was actually more of an anomaly.
We are living through a period of more volatile geopolitics, faster-moving innovation, and fiercer global competition for investment than at almost any point in recent memory.” When I travel to overseas markets as Lady Mayor, however, one thing remains constant.
Whatever the local view on net zero or climate change, businesses and government leaders are acutely aware that climate resilience is no longer a nice-to-have or an afterthought, it’s critical.
Putting my insurance hat on for a moment: global natural catastrophes have increased five-fold over the past 50 years, according to the World Meteorological Organization.
The 2025 California wildfires are estimated to have cost insurers around $40bn, among the largest insured losses on record for a wildfire event.
The business case for greater climate resilience and adaptation makes itself.
So does the case for accelerating the transition to clean energy in our heavy-emitting industries, and for scaling up carbon credit markets.
These measures don’t just give us a genuine chance to ease the mounting pressures of climate change, they create jobs, opportunity and innovation here in the UK and globally.
But I sense among business and sustainability leaders a real appetite to move beyond the stop-start approach and dithering on climate action.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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