In a week marked by significant climate-related developments, a new SEC climate disclosure rule in the US has emerged as a major milestone, impacting around 400 companies in the Asia Pacific region. The rule is a signal of the increasing importance of climate disclosure in the business world, and while it may not be as ambitious as international standards, it represents a significant step in the right direction. [Read more](https://www.eco-business.com/news/new-us-sec-climate-disclosure-rule-will-impact-around-400-asia-pacific-companies/) This week also saw the release of the European Environment Agency's first-ever climate risk assessment for the continent, highlighting that Europe is woefully underprepared to face the escalating risks posed by climate change-induced extreme weather events. The report underscores the urgent need for comprehensive strategies to mitigate these risks. [Read more](https://apnews.com/article/europe-climate-risk-assessment-report-disasters-a229d11b378df08b93ab77a2e27250c9) Another crucial story revolves around the significant impact of heat pumps that fit in apartment windows in New York City, promising substantial emissions reductions. This innovation in urban climate solutions has the potential to significantly curb carbon emissions in a densely populated city. [Read more](https://apnews.com/article/heat-pump-apartments-energy-climate-carbon-emissions-13d77974c10496fc7b2f9245c5084daf)