[{"_id":"69b2a531e5c3ba8f101d65d4","title":"Singapore Sets Climate Risk Management Expectations for Financial Institutions","slug":"singapore-sets-climate-risk-management-expectations-for-financial-institutions","author":"admin","subheading":"","content":"Singapore’s central bank, the Monetary Authority of Singapore (MAS), has issued new guidelines outlining how banks, insurers and asset managers should manage climate-related risks. The framework sets supervisory expectations for financial institutions to strengthen their risk management practices and improve resilience to climate impacts.\n\nThe guidelines require financial institutions to assess both physical risks from climate change and transition risks linked to the shift toward low-carbon economies. Firms are expected to integrate climate considerations into governance structures, business strategies and risk-management systems to better identify and manage potential financial exposures.\n\nMAS also encourages institutions to engage with clients and portfolio companies to help them manage climate risks instead of immediately withdrawing financing from high-emission sectors. Regulators say such engagement can help support an orderly transition while maintaining financial stability.\n\nThe new guidance expands Singapore’s Environmental Risk Management framework introduced in 2020 and will take effect in September 2027, following an 18-month transition period for financial institutions to strengthen governance, data capabilities and climate risk analysis.","date":"2026-03-12T16:35:42.000Z","weekday":"Thursday","status":"Published","image":"https://cognitud.s3.ap-south-1.amazonaws.com/cognitud-news-images/1773315376161-climate-data-analyst-with-laptop-analyzing-global-temperature-trends-office-3d-flat-icon-concep (1).jpg","category":"Asia-Pacific","type":"Featured News","pdf":"","metaTitle":"Singapore sets climate risk rules for banks and insurers","metaDescription":"Singapore’s central bank issues new guidelines requiring banks, insurers and asset managers to integrate climate risks into governance and risk management.","__v":0},{"_id":"69b3a880e0066951fd748502","title":"U.S. Sues California Over EV Mandates, Escalating Battle Over Vehicle Emissions Rules","slug":"us-sues-california-over-ev-mandates-escalating-battle-over-vehicle-emissions-rules","author":"admin","subheading":"","content":"The Trump administration has filed a lawsuit against California, challenging the state’s ambitious zero-emission vehicle (ZEV) mandates and greenhouse gas limits for cars and trucks, in the latest escalation of a long-running federal-state clash over climate policy.\n\nThe legal action, brought by the U.S. Department of Transportation against the California Air Resources Board (CARB), argues that California’s rules are preempted by federal law and therefore unlawful. The case was filed in federal court and seeks a ruling declaring the state’s zero-emission vehicle mandates unenforceable.\n\nAt the center of the dispute are California’s vehicle standards requiring automakers to steadily increase sales of electric vehicles and comply with stricter tailpipe emissions limits. The state’s long-term plan aims to phase out the sale of new gasoline-powered cars by 2035 under its Advanced Clean Cars II framework.\n\nFederal officials argue the state’s policies create conflicting regulatory regimes for automakers. Jonathan Morrison, head of the National Highway Traffic Safety Administration, said the lawsuit would help manufacturers design vehicles under a single nationwide fuel economy standard.\n\nCalifornia officials, however, dismissed the lawsuit as meritless. A spokesperson for Governor Gavin Newsom said the state would continue pursuing policies that promote cleaner vehicles and reduce dependence on volatile global oil markets.\n\nCalifornia has historically been granted special authority to set stricter vehicle emissions standards due to its severe air pollution challenges. In 2022, the U.S. Environmental Protection Agency approved the state’s earlier rules known as Advanced Clean Cars I, which California maintains are still in force.\n\nThe lawsuit follows other federal actions targeting California’s climate policies. The administration previously challenged the state’s stricter emissions standards for heavy-duty trucks and supported congressional efforts to revoke California’s authority to ban gasoline-powered vehicle sales after 2035.\n\nThe dispute reflects a broader policy divide over the future of U.S. transportation. While California argues that stronger EV mandates will lower long-term fuel costs and cut emissions, the federal government has moved to weaken national fuel economy and tailpipe rules, setting up a potentially prolonged legal battle over the direction of American climate and automotive policy.","date":"2026-03-12T11:32:21.000Z","weekday":"Thursday","status":"Published","image":"https://cognitud.s3.ap-south-1.amazonaws.com/cognitud-news-images/1773381759864-5959 (copy).jpg","category":"North America","type":"Featured News","pdf":"","metaTitle":"US Sues California Over EV Mandates and Emissions Rules","metaDescription":"The Trump administration sued California over EV mandates and vehicle emissions rules, escalating a federal–state clash on climate policy.","__v":0},{"_id":"69b39ffd6fca8bd54d8fa95e","title":"Government Plans Green Budget for 2026–27 to Promote Sustainable Development","slug":"government-plans-green-budget-for-202627-to-promote-sustainable-development","author":"admin","subheading":"","content":"The Government of Delhi is preparing to introduce a Green Budget for the financial year 2026–27 to strengthen its commitment to sustainability and environmentally responsible governance. The initiative aims to integrate environmental priorities into the government’s financial planning by identifying and tracking expenditures that support sustainability and climate-related goals.\n\nUnder the proposed green budgeting framework, different government departments will classify and monitor spending related to pollution control, renewable energy, water conservation, waste management, biodiversity protection, and green infrastructure. This system will allow authorities to assess how public funds contribute to environmental protection and sustainable development initiatives.\n\nThe green budget approach is also intended to enhance transparency and accountability in environmental spending, ensuring that government investments align with long-term climate and sustainability objectives. By linking budget allocations with environmental outcomes, policymakers will be able to evaluate the effectiveness of various programs and prioritize funding for projects that deliver stronger environmental benefits.\n\nOfficials believe the initiative could support sustainable urban development, including efforts to improve air quality, expand green spaces, promote clean mobility, and strengthen waste management systems. The move reflects a broader policy effort to incorporate sustainability into economic planning and public finance management.\n\nOnce implemented, the green budget will serve as an important tool for tracking environmental expenditure and guiding future investments toward climate resilience and sustainable growth.","date":"2026-03-12T05:59:21.117Z","weekday":"Thursday","status":"Published","image":"https://cognitud.s3.ap-south-1.amazonaws.com/cognitud-news-images/1773379580121-green budget.jpg","category":"India","type":"Featured News","pdf":"","metaTitle":"Government Plans Green Budget for Sustainable Development","metaDescription":"Government plans a green budget for 2026–27 to track environmental spending and support sustainability, climate action, and eco-friendly development.","__v":0},{"_id":"69b2a8b1754af5dcec29fcdd","title":"Saudi Arabia and UNESCO Promote Sustainable AI Under Vision 2030","slug":"saudi-arabia-and-unesco-promote-sustainable-ai-under-vision-2030","author":"admin","subheading":"","content":"Saudi Arabia and UNESCO have highlighted the importance of developing sustainable and responsible artificial intelligence (AI) during discussions involving policymakers, academics and technology leaders. The dialogue focused on ensuring that AI systems are designed to be efficient, ethical and environmentally responsible as digital technologies continue to expand globally.\n\nThe discussions were linked to Saudi Arabia’s broader digital transformation agenda under Vision 2030, which includes major investments in AI infrastructure, data centres and cloud computing. Participants emphasised that sustainability should be embedded across the AI lifecycle through a “sustainable-by-design” approach that considers environmental impact alongside technological innovation.\n\nSaudi officials highlighted initiatives led by the Saudi Data and AI Authority (SDAIA) and the country’s National Strategy for Data and AI, which aim to strengthen governance frameworks and ethical standards for AI deployment. The Kingdom is positioning itself as an active contributor to global discussions on responsible AI development and regulation.\n\nExperts at the event also stressed that sustainable AI should focus on augmenting human capabilities rather than replacing them, while reducing the environmental footprint of digital infrastructure. The discussions underscored the need for collaboration between governments, academia and industry to ensure AI technologies support sustainable development goals.","date":"2026-03-11T17:16:21.000Z","weekday":"Wednesday","status":"Published","image":"https://cognitud.s3.ap-south-1.amazonaws.com/cognitud-news-images/1773316273735-big-data-smart-farming-agriculture-innovation-young-corn-sprout-with-flow-data-ai.jpg","category":"GCC","type":"Featured News","pdf":"","metaTitle":"Saudi Arabia and UNESCO discuss sustainable AI","metaDescription":"Saudi Arabia and UNESCO highlight the need for sustainable AI development under Vision 2030, focusing on ethical governance and environmental responsibility.","__v":0}]