Glossary

The document defines key metrics and terminology across finance and energy sectors, specifically focusing on capital expenditure (CAPEX) types, oil and gas operational stages, and renewable energy capacity measures used in the context of 1.5°C climate pathways.

• The document distinguishes between different types of capital expenditure (CAPEX), noting that 'Growth CAPEX in oil and gas is used to develop long term facilities that are not sustainable in a 1.5°C pathway', whereas 'Growth CAPEX in renewable energy is needed to fund the energy transition'.
• Maintenance CAPEX is described as mandatory spending to keep existing operations running and is 'not necessarily incompatible with a 1.5°C pathway', as it may be required to prevent 'environmental or human risks'.
• The glossary defines the stages of oil and gas resource development, ranging from 'Resources from fields under production' (already being exploited) and 'Resources from fields under development' (approved but not yet producing) to 'Resources from fields under evaluation' and 'Discoveries resources'.
• Specific renewable energy metrics are detailed, including 'Installed renewable capacity' for operating assets, 'Developed renewables to FID' for total developed capacity, and 'Renewables pipeline' for projects that have not yet reached a Final Investment Decision (FID).

APA

Reclaim Finance (2023). Glossary. https://reclaimfinance.org/site/wp-content/uploads/2023/04/GLOSSARY-Oil-and-Gas-transition-plan.pdf

Chicago

Reclaim Finance. Glossary. 2023. https://reclaimfinance.org/site/wp-content/uploads/2023/04/GLOSSARY-Oil-and-Gas-transition-plan.pdf.

Wikipedia

{{cite report |author=Reclaim Finance |title=Glossary |date=6 April 2023 |url=https://reclaimfinance.org/site/wp-content/uploads/2023/04/GLOSSARY-Oil-and-Gas-transition-plan.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{reclaimfinance2023glossary, author = {{Reclaim Finance}}, title = {{Glossary}}, institution = {Reclaim Finance}, year = {2023}, month = apr, url = {https://reclaimfinance.org/site/wp-content/uploads/2023/04/GLOSSARY-Oil-and-Gas-transition-plan.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }