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The report finds that IFIs have historically had limited exposure to the steel sector, with most investments focused on business-as-usual modernization rather than transformative decarbonization. While barriers such as the high capital intensity of steel projects and a lack of national policy frameworks in developing countries exist, the authors argue that IFIs can accelerate the transition by de-risking first movers, supporting green hydrogen strategies, and creating demand through green public procurement standards for infrastructure projects.

This report by the Climate Policy Initiative analyzes climate finance flows in Burkina Faso for the 2019/2020 period. It identifies a significant investment gap, noting that the USD 567 million invested represents only 13% of the USD 4.1 billion required by 2050 to meet the country's Nationally Determined Contribution (NDC). The analysis highlights a heavy reliance on international public funding and suggests policy and financial reforms to mobilize private capital and improve fiduciary standards.

Bangladesh faces a potential $11 billion expenditure on spot market LNG imports from 2022 to 2024 due to diminishing domestic gas reserves and a heavy reliance on gas-fired power generation. The analysis indicates that implementing the ambitious solar targets of the Mujib Climate Prosperity Plan could reduce these imports by 25% and save approximately $2.7 billion. Despite this, the country continues to prioritize new gas and coal capacity over renewable energy, which currently accounts for only 1% of total power generation.

This report analyzes climate finance in Nigeria for the 2019/2020 period, highlighting a significant investment gap between current funding levels and the requirements to meet the country's conditional Nationally Determined Contribution (NDC) targets.

Reclaim Finance argues that increasing liquefied natural gas (LNG) imports and coal use will not solve Europe's energy crisis, asserting that the crisis stems from fossil fuel dependence. The organization criticizes BlackRock for investing in new coal projects and for setting insufficient decarbonization targets, calling on European institutional investors to pressure the asset manager to align with climate goals.

The 2022 Forest Declaration Assessment finds that no global indicator is currently on track to meet the 2030 goals of stopping forest loss and restoring 350 million hectares of landscape. While Tropical Asia is the only region on track to halt deforestation, global rates declined only modestly by 6.3% in 2021 compared to the 2018-20 baseline. The report highlights a critical funding gap, noting that annual mitigation finance for forests is less than 1% of the estimated USD 460 billion needed. It further identifies failures in the private sector to eliminate deforestation from agricultural supply chains by 2025 and notes that 50% of lands held by Indigenous Peoples and local communities remain legally unrecognized.

The 2022 Forest Declaration Assessment finds that no global indicator is currently on track to meet the 2030 goals of halting forest loss and restoring 350 million hectares of landscape. While Tropical Asia is on track to halt deforestation, other regions like Tropical Latin America and Africa are not. The report highlights a massive funding gap, with current mitigation finance at less than 1% of the estimated USD 460 billion annual need. It also notes that commodity-driven deforestation declined by 6% in 2021 but remains far from the trajectory needed for the 2025 private sector target. Governance remains a critical weakness, with persistent tenure insecurity for Indigenous Peoples and local communities and widespread corruption in the timber trade.

The report reveals that while designated project-specific funding for coal has declined, general corporate financing remains the primary driver of new coal infrastructure. It highlights a gap between the public net-zero commitments of many financial institutions and their actual lending practices, noting that many 'coal exclusion' policies contain loopholes that allow continued support for coal developers. The document provides data on the shrinking coal pipeline and identifies specific banks and asset managers that continue to provide loans, underwriting, or equity to companies building new coal plants and mines.

The policy brief urges the EBRD to join the Glasgow Statement on International Public Support for the Clean Energy Transition. It estimates that the EBRD could redirect an average of EUR 741 million in annual fossil fuel financing toward clean energy, potentially increasing its annual clean energy investments by 50%. The authors recommend a robust fossil fuel exclusion policy, specifically targeting gas infrastructure to avoid carbon lock-in, and suggest either a blanket exclusion or strict screening criteria for gas power generation.

The document finds that Sweden's five largest banks have limited alignment with the Paris Agreement, having facilitated approximately USD 150 billion to high-emitting 'brown' sectors since 2016. While 'green' investments have increased, they remain significantly lower than 'brown' and 'grey' flows. The authors argue that a lack of granular data and standardized definitions hinders transparency, recommending the adoption of International Sustainability Standards Board (ISSB) standards and EU-level regulations to better track the transition to a low-emission economy.

The report finds that air quality is severely underfunded, accounting for only 0.5% of international development funding and less than 0.1% of philanthropic spending between 2015 and 2020. While 72% of development funding for air quality also addresses climate change, only 2.2% of international public climate finance explicitly targets air pollution. The analysis highlights a critical misalignment in priorities, noting that international development funders committed $46.6 billion to projects prolonging fossil fuel use between 2015-2021, more than four times the amount spent on air quality. Geographically, funding is concentrated in Asia, the US, China, and India, leaving Africa and Latin America underserved; in Africa, funding for fossil fuel-prolonging projects was 36 times higher than for clean air measures from 2015-2021.

The report examines BNDES's role in the Legal Amazon from 2009 to 2019, finding that while the North Region receives the highest share of disbursements relative to its GDP, it receives the lowest total share of BNDES funds. Financing is heavily concentrated in large-scale infrastructure, specifically hydroelectric power generation, which often serves the rest of Brazil while local populations remain energy-poor. The authors argue that BNDES has a significant opportunity to pivot toward the energy transition by replacing diesel-based isolated systems with renewable energy and improving basic services like sanitation and internet access to reduce regional inequality.

The document analyzes the role of major US banks in financing the global coal industry, highlighting a gap between their public climate pledges and their actual financial activities. It argues that weak corporate financing policies allow funds to continue flowing to coal developers despite net-zero commitments.

The report by Reclaim Finance criticizes Mizuho, MUFG, and SMBC for their continued role as major financiers of the coal industry. While the banks have introduced restrictions on project financing for new coal, the document asserts these are insufficient because the vast majority of financing occurs through corporate loans and underwritings. Between January 2019 and November 2021, these banks provided billions of dollars to coal developers, including entities like China Huaneng Group and Adani Group. The author concludes that the banks are lagging behind international peers and must adopt stricter corporate-level exclusion criteria to align with the Net-Zero Banking Alliance and IEA pathways.

This research paper by the Climate Policy Initiative serves as a foundational guide for the Cities Climate Finance Leadership Alliance to analyze challenges and priorities for decarbonizing the buildings sector. It outlines the global investment needs, the role of different financial instruments, and the specific regulatory and environmental contexts of Nigeria and Indonesia.

The report finds that targeted methane abatement finance is severely underfunded, representing less than 2% of total climate finance at USD 11.6 billion in 2019/2020. Despite the high mitigation potential and availability of low-cost technologies, particularly in the fossil fuel sector, investment is disproportionately concentrated in the waste sector. The authors argue that a tenfold increase in annual finance is required to meet the estimated USD 119 billion needed to keep warming under +2C.

The report finds that targeted methane abatement finance is severely underfunded, representing less than 2% of total climate finance in 2019/2020. While the fossil fuel and AFOLU sectors are the largest emitters, the waste sector received the majority of funding. The authors argue that a ten-fold increase in annual investment is required to meet climate goals and recommend stronger regulatory signals, improved emission measurement, and dedicated project pipelines to close the finance gap.

The report examines BNDES's role in the Legal Amazon, finding that while the North Region receives the highest share of disbursements relative to its GDP, it receives the lowest total share of BNDES funds. Financing is heavily concentrated in large-scale hydroelectric infrastructure, often serving the rest of Brazil while local populations remain dependent on expensive, polluting diesel generation. The authors argue for a transition toward renewable energy, decentralized solar power, and improved basic services to reduce regional inequality.

The report utilizes system dynamics modelling and financial analysis to evaluate restoration options for the Katingan peatlands and Belitung mangroves in Indonesia. It finds that sustainable management of these ecosystems provides high societal value across all simulated climate scenarios and offers a cost-effective method for climate change mitigation and community support. However, the report emphasizes that for land rehabilitation to be economically viable and lasting, local communities require additional income sources, such as tourism, to prevent a shift toward environmentally damaging activities like mining and plantations.

The document critiques the 'fossil bet on the future,' claiming that carbon offsets and net-zero goals serve as a 'house of cards' to maintain fossil fuel dependence. It specifically targets the amalgamation of carbon capture, emission reductions, and avoided emissions into single, fungible credit units, arguing that such mechanisms do not actually reduce atmospheric CO2 and may lead to increased warming. The report highlights the role of the Task Force on Scaling Voluntary Carbon Markets (TSVCM) and ART-TREES in standardizing these credits to facilitate financial speculation and the 're-floating' of stranded assets.