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<title>99% of climate news is Trump...but what actually happened in climate policy trends in the past 6 months?</title>

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<!---->

<!--[if !gte mso 9]><!----><span class="mcnPreviewText" style="display:none; font-size:0px; line-height:0px; max-height:0px; max-width:0px; opacity:0; overflow:hidden; visibility:hidden; mso-hide:all;">+ for a refreshing take and conversation on existential risks, join us for the Pocket Guide book event in London this Monday May 12th 5-7pm</span><!--<![endif]-->

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Join our CEO Jakob Thomä this Monday in London for his book launch "Pocket Guide to Planetary Peril", in conversation with Sophie Robinson-Tillett (Founder, <a href="https://real-economy-progress.com/" target="_blank" style="mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #007C89;font-weight: normal;text-decoration: underline;">RealEconomyProgress)&nbsp;</a>and Catherine Howarth (CEO, ShareAction). No registration needed, event is from 5-7pm at SOAS Senate House. We hope to see you there!<br>

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<a href="https://ipr.transitionmonitor.com/" title="" class="" target="_blank" style="mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;">

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<div style="text-align: center;"><span class="break-words tvm-parent-container"><span dir="ltr"><span style="font-size:18px">📢 99% of climate news is Trump....<br>

but what actually happened to climate policies in the past 6 months? </span></span></span><br>

&nbsp;</div>

<span class="break-words tvm-parent-container"><span dir="ltr">The Inevitable Policy Response tracks quarterly policy developments (announcements and legislation) since January 2022. This provides a unique database of policy momentum - both real and 'perceived' - sector by sector, country by country, across the G20.<br>

<br>

In the context of increased climate policy uncertainty, our 'live' tool supports financial institutions in separating the signal from the noise and the 'policy backlash' headlines, dominated by a few markets, from the work on the ground across major markets.<br>

<br>

🔍<a href="https://ipr.transitionmonitor.com/policy-table/" target="_blank" style="mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #007C89;font-weight: normal;text-decoration: underline;">Our database now encompasses over 600 'policy events' over the past three years. It is provided as a public good, searchable tool on our Transition Monitor website</a>.<br>

<br>

We score each policy development for an easy benchmark to understand ambition relative to the IPR forecast, recently updated based on a global survey of 250 climate policy experts. Find our latest transition forecast, powered by +7,000 sentiment data points, <a href="https://ipr.transitionmonitor.com/cms/wp-content/uploads/2025/02/IPR-2025-Transition-Forecast-Final-1.pdf" target="_blank" style="mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #007C89;font-weight: normal;text-decoration: underline;">here</a>. and identify the markets and sectors where experts are 'bears' or 'bulls' when it comes to transition speed. Which policy targets do experts expect will be met? Which ones missed? And where is acceleration expected? <a href="https://ipr.transitionmonitor.com/cms/wp-content/uploads/2025/04/20250422_Q4-2024_Q1-2025-QFT-Final-1-1.pdf" target="_blank" style="mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #007C89;font-weight: normal;text-decoration: underline;">You can find a deep-dive on the past 3-6 months in our quarterly report.</a><br>

<br>

Interested in how you can use our policy tracker for your work and opportunities to develop your own in-house forecasts as to future policy developments? Emails us to find out how you can use the policy tracking in your work, or to develop 'in-house forecasts' that allow your institution to build conviction into which scenario is the most likely to materialize.&nbsp;</span></span><br>

<br>

Ultimately, financial instiuttions lend to and invest in the future they believe in. Meanwhile, regulators are now increasingly asking financial institutions to 'justify' their scenario choice. Without a meaningful process to identify internal beliefs, these scenarios (and by extension their outputs) will remain black boxes. Reach out and find out how you can shed light on them.<br>

<br>

As always, reach out if you have questions / comments or feedback.

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<strong>About Inevitable Policy Response (IPR):</strong><br>

The IPR is a climate transition forecasting consortium that aims to prepare institutional investors for the portfolio risks and opportunities associated with a forecast acceleration of policy responses to climate change.<br>

To help prepare markets and investors, IPR then models in detail the impact of the forecasted policies on the energy system, food &amp; land use system, and real economy. More information is <a href="https://ipr.transitionmonitor.com/" style="mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #007C89;font-weight: normal;text-decoration: underline;">available here</a>.<br>

<br>

The IPR consortium is led by Energy Transition Advisers&nbsp;(ETA) &amp; Theia Finance Labs. Analytical support is provided by Deloitte who is part of a Research Partner Group which includes the Carbon Tracker Initiative, Climate Bonds Initiative &amp; Planet Tracker Initiative.<br>

IPR was commissioned by the Principles for Responsible Investment (<a href="https://www.unpri.org/" style="mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #007C89;font-weight: normal;text-decoration: underline;">PRI</a>) in <a href="https://www.unpri.org/news-and-press/take-action-on-climate-now-or-risk-disruptive-policies-in-future/3625.article" style="mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #007C89;font-weight: normal;text-decoration: underline;">2018</a> with the objective of preparing institutional investors for the portfolio risks and opportunities associated with a forecast acceleration of policy responses to climate change.<br>

<br>

IPR is funded in part by the Gordon and Betty Moore Foundation through The Finance Hub, which was created to advance sustainable finance and the ClimateWorks Foundation striving to innovate and accelerate climate solutions at scale. In 2024 The Bezos Earth Fund has become the main supporter.

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<strong>FUNDING: </strong>This newsletter forms part of the LIFE STRESS project. The LIFE STRESS project has received funding from the LIFE Programme of the European Union.‘ The contents of this publication are the sole responsibility of Theia Finance Labs and do not necessarily reflect the opinion of the European Union. Project: Project: 101074271 — LIFE21-GIC-DE-Stress

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