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The report analyzes the convergence of nature-based solutions (NbS) and adaptation and resilience (A&R) finance, highlighting a critical funding gap where annual global nature finance flows of USD 200 billion are only one-third of the amount needed by 2030. Through five case studies—including the Acumen Resilient Agriculture Fund and Wildfire Resilience Insurance—the document identifies key barriers such as the complexity of measuring outcomes in changing climates, the lack of standardized metrics, and the high upfront costs of resilience interventions. It argues that while carbon credits and regulatory standards like the EU Deforestation Regulation provide pathways, scaling requires a shift from reactive to preventive investment mindsets and the development of credible, localized impact metrics. The report concludes that reforming the development finance architecture and leveraging global frameworks like COP30 are essential to mainstreaming nature-based adaptation.

The 2025 Forest Declaration Assessment reports that global forests remain in crisis, with 8.1 million hectares lost in 2024 and degradation increasing. Despite some success in natural regeneration and specific national policy reforms in Brazil, Colombia, and Indonesia, the report finds that corporate commitments are largely insufficient and financial flows remain misaligned with conservation goals. It calls for a shift from voluntary corporate pledges to mandatory regulations and inclusive governance that secures land tenure for indigenous peoples and local communities.

The 2025 Forest Declaration Assessment reports that global forests remain in crisis, with 8.07 million hectares lost in 2024 and a 63% gap relative to the 2030 zero-deforestation goal. While some national reforms in Brazil, Colombia, and Indonesia show promise, corporate action remains largely insufficient, and public finance for forests is dwarfed by harmful agricultural subsidies. The report emphasizes that current voluntary corporate commitments are inadequate and calls for mandatory regulations, inclusive governance for indigenous peoples, and a fundamental shift in the global financial system to prioritize forest stability over extractive production.

The 2025 Forest Declaration Assessment reports that global forests remain in crisis, with deforestation and degradation continuing at high rates. Despite some progress in natural regeneration and specific national reforms in Brazil, Colombia, and Indonesia, the report finds that corporate commitments are largely insufficient and public and private financing remains drastically misaligned with forest protection goals. It calls for systemic changes, including mandatory regulations and inclusive governance, to reverse these trends by 2030.

Ten years after the Paris Agreement, French banks and insurers continue to heavily finance fossil fuel expansion, with some increasing their support for oil and gas extraction. The report argues that 'green finance' and ESG labels are largely greenwashing, as they fail to redirect capital away from climaticide activities. It further criticizes the French and European governments for favoring voluntary industry commitments over binding regulations and for weakening key directives like the CSRD and CSDDD under pressure from financial lobbies.

The report critiques 'coal transition offsets' (CTOs), specifically those promoted by the Rockefeller Foundation's Coal-to-Clean-Credit Initiative (CCCI) and Singapore's Traction Coalition. It argues that CTOs inherit the systemic failures of the broader carbon offset market, including non-additionality and over-crediting. Through analysis of pilot projects in the Philippines, the document demonstrates how CTOs may not actually accelerate plant closures and can create perverse incentives for policymakers to avoid mandating coal phaseouts. The author recommends shifting focus from individual plant buyouts to systemic energy reforms, such as grid modernization and the renegotiation of power purchase agreements (PPAs) to reduce the financial burden of retiring coal assets.

The report documents a significant increase in private equity (PE) and venture capital (VC) ownership within the U.S. PACE sector, noting that 15% of all programs now have such backing. It highlights the risks of leveraged buyouts and debt-driven strategies, using InnovAge as a case study to illustrate how aggressive growth and investor payouts can lead to financial instability and regulatory sanctions for care deficiencies. The document also examines the use of federal Opportunity Zone tax incentives to attract healthcare investment and calls for stronger oversight to prevent extractive financial practices in publicly funded elder care.

The Climate Policy Initiative (CPI) proposes the Automotive Component Technology Upgradation Financing Facility (AC-TUFF) to support Indian micro-, small-, and medium-sized enterprises (MSMEs) in transitioning from internal combustion engine vehicles to electric vehicle (EV) value chains. The report identifies a significant investment gap and proposes a tiered capital stack combined with technical assistance to enable MSMEs to upgrade technology and processes.

The report estimates that public support for British Columbia's LNG sector will reach CAD 3.93 billion by 2031, including CAD 1.62 billion in federal public finance and CAD 2.16 billion from the BC government. It argues that these subsidies, provided through tax rules, preferential electricity rates, and infrastructure funding, de-risk private investment in projects that may become stranded assets due to global supply gluts and the energy transition. The document calls for the elimination of domestic fossil fuel finance, the enforcement of net-zero requirements by 2030, and increased transparency in reporting government funding.

The document argues that Africa's energy transition is occurring along two simultaneous tracks: centralised infrastructure and decentralised, bottom-up systems. It contends that current climate finance is too narrow, focusing almost exclusively on sovereign borrowers and large projects while ignoring the retail layer of the transition. To address this, the author proposes a dual mandate that combines infrastructure finance with consumer and trade finance. The document suggests that National Development Banks (NDBs) should act as refinancers and risk aggregators to provide local-currency credit, blended guarantees, and capital recycling mechanisms to support households, MSMEs, and informal trade networks.

The report identifies the necessity of a high-capacity charging network—comprising private depot charging, public charging, and grid upgrades—to enable the adoption of zero-emission trucks in India. It argues that a combination of public and private finance, including blended finance and government intervention, is required to unlock capital and mitigate risks for distribution companies (DISCOMs) and charging point operators (CPOs) to meet India's 2070 net-zero goals.

Reclaim Finance challenges BPCE's claims that it is reducing fossil fuel financing, asserting that the bank's methodology excludes critical activities like LNG terminals and bond issuance. The document argues that BPCE's renewable energy targets are insufficient to meet 1.5°C goals and that the bank inconsistently aggregates financial data to inflate its green credentials while minimizing its fossil fuel exposure.

The EU agriculture sector is a primary source of methane emissions, yet progress in reduction has stalled, with only a 4% decline between 2005 and 2022. The report identifies a critical 'definition gap' where the lack of clear net-zero aligned agricultural practices and transition pathways prevents banks and investors from identifying green activities. This is compounded by the exclusion of agriculture from the EU Taxonomy and the Green Asset Ratio (GAR). The report argues for repurposing the EUR 57.5bn annual Common Agricultural Policy (CAP) budget, introducing livestock emissions taxes, and implementing demand-side policies to reduce herd sizes. It emphasizes a 'just transition' to protect small farms and high-emission regions, particularly in France, Germany, and Ireland.

The Green Guarantee Group (GGG) argues that while guarantees are highly catalytic for mobilizing private climate finance in EMDEs, they remain underutilized due to regulatory barriers, high currency risks, data gaps, and institutional fragmentation. The report proposes clarifying the supervisory treatment of guarantees under the Basel Framework, developing local currency risk markets, expanding the Global Emerging Markets Risk Database (GEMs) to include guarantee performance, and strengthening national and regional guarantee platforms. These measures aim to support the goal of mobilizing USD 1.3 trillion annually by 2035 for EMDEs.

The report analyzes the complementary roles of VCEFs, MDBs, and NDBs in the climate finance architecture, focusing on financial instruments like guarantees, equity, and local currency lending. It identifies systemic barriers such as complex accreditation and slow approval processes and proposes a framework for non-financial collaboration through country platforms, technical assistance, and the creation of enabling policy environments. The document provides a set of short- and mid-term recommendations to harmonize metrics, simplify due diligence, and unlock the potential of NDBs to increase the flow of climate finance to emerging markets and developing economies.

Carbon Market Watch critiques the EU Innovation Fund for disproportionately funding carbon capture and storage (CCS) and carbon capture and utilisation (CCU), particularly in the cement and lime sector. The organization argues that the fund should prioritize technologies that encourage material savings and explicitly include material saving as a mandatory assessment criterion for projects.

The report examines how to increase the use of solar PV-powered cooking solutions in marginalized 'last-mile' communities by addressing financial and awareness barriers through public and private capital and scalable business models.

Earthjustice, representing several environmental and community groups, has formally requested the suspension of federal and state permit applications for Air Products Blue Energy LLC’s proposed Louisiana Clean Energy Complex. The request follows announcements by Air Products & Chemical, Inc. that it intends to divest the carbon dioxide sequestration, ammonia plant, and marine terminal components of the project as part of a 'derisking strategy.' The company has stated it will not proceed with the hydrogen plant without 'off take agreements' and has paused new spending commitments. Earthjustice argues that continuing the review would waste public resources on a 'speculative endeavor' and highlights potential environmental damage, including the destruction of 484.77 acres of wetlands and impacts on the Maurepas Swamp Wildlife Management Area and Lake Maurepas.

The report finds that decentralized waste management models, such as community groups in Indonesia and waste picker cooperatives in Brazil, often exhibit greater cost efficiency and lower levelized costs of waste management (LCOW) than private or government operators. Despite this, public funding remains low and concentrated in large-scale projects, with organic waste management receiving only 1% (USD 20 million) of methane abatement finance in 2021/22. The analysis highlights that while these decentralized models provide significant co-benefits like job creation and emissions reduction, they face financial strain due to high labor dependency and a reliance on operational revenues for funding. The document recommends creating legal certainty for informal stakeholders and adopting holistic, multi-sectoral approaches to waste management to improve access to financing.

California possesses vast untapped geothermal potential, particularly in superhot rock resources, which could significantly support the state's clean energy goals. However, the industry faces substantial barriers, including a lack of long-term strategic planning, complex and lengthy permitting processes, outdated regulations, and interconnection uncertainties. The report recommends the creation of a statewide strategic plan, streamlining environmental reviews, updating well regulations, and establishing a clean energy infrastructure financing fund to attract private capital and accelerate deployment.