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Reclaim Finance advocates for a revised SFDR framework (SFDR 2) to address confusion and greenwashing caused by the original 2019 regulation. The organization supports the exclusion of fossil fuel developers from sustainable and transition categories, calls for clearer criteria for 'transition' assets, and identifies inconsistencies in the European Commission's proposal regarding reporting obligations and fund claims.

The report finds that the EU is not on track to meet its 2030 interconnection targets, with 80% of the power system expected to miss the goal. To reach an optimal grid by 2040, Europe needs to nearly double its interconnection capacity, adding 151 GW. This expansion requires an estimated €150 billion in investment, leaving a €30 billion public funding gap in the proposed 2028-2034 Connecting Europe Facility for Energy (CEF-E) budget.

The report examines the impacts of coal phase-outs in East Kalimantan, South Kalimantan, South Sumatra, Central Kalimantan, and Jambi, emphasizing the need for proactive investment in high-multiplier industries and green sectors to prevent economic shocks. It advocates for a combination of quantitative modelling and qualitative community research to design social protections and reskilling programs that specifically include women, youth, and informal workers.

The document details a proposed expansion of at least 45 ammonia facilities in the US, primarily in Texas and Louisiana, which could quadruple production. It critiques the 'blue ammonia' label as greenwashing, noting that carbon capture systems often fail and that ammonia is a highly toxic substance. The text highlights the dangers of ammonia leaks to human health and aquatic ecosystems, citing specific recent disasters in Oklahoma, Iowa, and Illinois, and argues against creating speculative markets for ammonia as a shipping fuel or energy carrier.

The report argues that inadequate housing is a critical determinant of health for Indigenous peoples in Canada, exacerbating respiratory illnesses and mental distress. It introduces the concept of 'Healthy Energy Homes'—dwellings that are energy-efficient, climate-resilient, and supportive of holistic well-being. The authors identify systemic institutional barriers, including fragmented government responsibilities, rigid and insufficient funding models (described as 'firefighting'), and significant capacity gaps within communities. To address these, the report recommends a coordinated 'single-window' government approach, the co-development of policies with Indigenous leaders, long-term investment agreements, and flexible funding models that prioritize holistic outcomes over prescriptive activities. It highlights successful community-led initiatives and international models from Ireland and New Zealand as evidence that integrated housing and health policies can generate significant social and economic returns.

The report advocates for 'Indigenous Healthy Energy Homes'—housing that is energy-efficient, climate-resilient, and supportive of occupant well-being—as a means to improve health outcomes for First Nations, Inuit, and Métis people while contributing to Canada's net-zero goals. It identifies current government solutions as fragmented and disconnected from local realities, often failing to account for long-term health costs and greenhouse gas emissions associated with inadequate housing. The authors call for a shift from one-time project funding to long-term, flexible, and self-determined financial partnerships. Key recommendations include the creation of intergovernmental coordination mechanisms, the co-design of policies with Indigenous leaders, and the implementation of holistic measurement tools to track social, cultural, and environmental impacts of housing projects.

The report argues that inadequate housing for First Nations, Inuit, and Métis people in Canada creates severe health burdens and climate vulnerabilities, which are exacerbated by fragmented government accountability and rigid funding models. It introduces the 'Healthy Energy Homes' concept—housing that is energy efficient, climate resilient, and supports well-being—as a way to achieve co-benefits for public health and Canada's net-zero goals. The authors recommend a shift toward long-term, flexible, and Indigenous-led investment agreements, the creation of interdepartmental coordination mechanisms, and the adoption of outcomes-based procurement to replace current 'firefighter' funding approaches.

The report argues that India's iron and steel sector, which accounts for roughly 12% of the country's total greenhouse gas emissions, requires a coordinated Green Industrial Policy (GIP) to avoid high-carbon asset lock-ins and meet its 2070 net-zero target. Through plant-level and sectoral modelling, the analysis identifies hydrogen-based Direct Reduced Iron-Electric Arc Furnace (DRI-EAF) as the most viable long-term pathway. To make this technology investable, the report proposes a combination of time-bound capex and opex subsidies, a predictable carbon price trajectory rising from USD 10 in 2025 to USD 50 by 2050, and green public procurement. The study finds that with these interventions, hydrogen-based steel could achieve cost leadership and a 13.3% IRR by 2050, while conventional blast furnace-basic oxygen furnace (BF-BOF) pathways become financially unviable.

The document argues that traditional green finance is insufficient for the Indian iron and steel sector because many necessary transitional technologies are not yet 'green' enough or are economically unviable. It identifies four core enablers for a transition finance (TF) market: sectoral roadmaps, climate finance taxonomies, credible corporate transition plans, and specialized TF instruments. To address high capex and cash flow constraints, the authors propose the Partial Deep Discount Carbon STRIPS (PDDCS) bond, which offers long-term debt (25-30 years) and allows investors to receive coupons in either cash or carbon credits generated by the project. The brief also suggests a flexible version (PDDB+C) to align with current Indian Carbon Credit Trading Scheme (CCTS) regulations, which currently limit carbon trading to registered entities.

The paper examines the 'care crisis' in Africa, where unpaid care work—primarily performed by women—is economically invisible and underfunded due to debt burdens and austerity. It proposes a shift toward 'feminist fiscal justice' by adopting progressive taxation, wealth taxes, and integrated care systems, drawing on successful models from Uruguay, Colombia, and Costa Rica.

The document argues that wealth taxation is an appropriate tool for redistribution in South Africa due to extreme inequality, where the richest 0.01% owned 15% of wealth in 2017. It examines three primary instruments: Financial Transaction Taxes (FTTs), dividend taxes, and net wealth taxes. International evidence from France shows that increasing dividend taxes from 15.5% to 46% led to a 15% increase in investment. Net wealth taxes in countries like Argentina, Spain, Norway, Switzerland, and Colombia have raised between 0.2% and 1.5% of GDP. The brief highlights administrative challenges for the South African Revenue Service (SARS) but notes the existence of a High Wealth Individual Unit as evidence of feasibility. It recommends a combination of moderate net wealth taxes, increased dividend taxes, and the introduction of an FTT, supported by tighter capital controls and international cooperation via the UN Framework Convention on International Taxation and Cooperation.

The report argues that induction stoves are the most viable clean cooking solution for on-grid Indonesian households, offering cost savings and alignment with decarbonization goals compared to dimethyl ether (DME) or piped natural gas. It highlights that current universal LPG subsidies discourage adoption and recommends a targeted subsidy reform where savings from well-off households are reallocated to fund induction infrastructure. The document also emphasizes the need for electricity tariff reform and the integration of gender equality and social inclusion (GESI) to support women, who are the primary cooks.

The report examines the state of play for e-commerce at the WTO, focusing on the multilateral Work Programme on Electronic Commerce (WPEC) and the plurilateral Joint Statement Initiative (JSI). It details the ongoing conflict over the moratorium on customs duties for electronic transmissions, the substance of the proposed Agreement on Electronic Commerce (ECA), and the challenges regarding its legal incorporation into the WTO framework, particularly concerning the needs of developing countries and LDCs.

The report argues that the current EU public procurement framework, specifically Directive 2014/24/EU, fails to drive the green transition because GPP remains voluntary, leading to fragmented implementation and a prevalence of lowest-price awards. It identifies three primary challenges: a fragmented legal landscape, the voluntary nature of GPP, and perceived legal uncertainty regarding the 'link to subject matter' rule. To address these, the authors recommend making GPP the default via a 'comply-or-explain' approach, tying 'Buy European' rules to environmental performance, simplifying rules through harmonized criteria and labels, strengthening data monitoring, and investing in the professionalization of contracting authorities. The report provides detailed operational options for both simplification and strategic procurement to support the EU's 2040 emissions targets.

The document argues that climate-risk mapping in the global South is currently split between 'precisionism'—the reliance on standardized indices and models—and 'groundtruthing'—the use of lived narratives and ethnography. Precisionism often creates a 'metrics mirage' that obscures social inequalities and justice claims, while groundtruthing struggles to gain policy traction in indicator-driven bureaucracies. To resolve this, the authors introduce 'epistemic diplomacy,' a power-aware procedural approach for integrating mixed evidence. This framework includes five guiding principles, a ten-step operating model, and specific governance safeguards to ensure community co-production and prevent knowledge extraction. The paper provides practical method pairings, such as combining heat sensors with social diaries, to create 'boundary objects' that maintain both technical precision and social meaning for policymakers.

The report analyzes the role of Global North private equity firms in maintaining fossil fuel assets across the Global South, highlighting a pattern of extracting profits while offloading environmental and social risks onto local communities. Using data from the 2024 Climate Risk Scorecard, it identifies 13 firms with assets in 32 Global South countries, with a significant concentration of risky assets in Latin America, particularly Mexico. The document details specific instances of pollution in India, social displacement in Brazil, and financial instability in the Philippines, while providing a comprehensive case study on Mexico's LNG and pipeline infrastructure. It concludes that the private equity model's lack of transparency and short-term focus exacerbate climate injustice and expose institutional investors, such as public pensions, to significant financial risk.

The handbook traces G20 engagements with Africa from 2008 to 2025, noting a transition from ad hoc initiatives to structured partnerships, culminating in the African Union's permanent membership in 2023. While identifying successes in rural youth employment and financial inclusion, it highlights persistent implementation gaps in infrastructure and climate finance. The document maps G20 outcomes against AU Agenda 2063, finding strong alignment with economic integration but gaps in peace and institutional capacity. It also details South Africa's 2025 G20 presidency priorities, focusing on solidarity, equality, and sustainability through specific task forces on inclusive growth, food security, and AI.

The report examines the role of risk mitigation and transfer (RMT) instruments in supporting utility-scale wind and solar projects in East Africa. Through six case studies, it finds that while RMT tools—such as political risk insurance, guarantees, and blended finance—are essential for reaching financial close, risks remain high due to macroeconomic instability, currency volatility, and utility financial strain. The analysis highlights a 'start-stop cycle' in countries like Kenya, where rapid deployment led to overcapacity and subsequent government moratoriums on new contracts. Conversely, the GET FiT program in Uganda is presented as a successful model of systematic de-risking through transparent procurement and institutional support.

The document argues that there are no credible pathways to tackle the climate crisis without trade policies aligned with the Paris Agreement. It identifies key areas for cooperation, including the management of climate-trade tensions (such as the EU's CBAM), the acceleration of clean energy transitions, and the decarbonization of industrial sectors like shipping and steel. A central theme is the need for 'climate justice,' ensuring that developing nations are not marginalized by green industrial policies or unilateral trade measures. The report proposes several mechanisms for progress, including the Integrated Forum on Climate Change and Trade (IFCCT) proposed for COP30, the 'greening' of Aid for Trade (AfT), and the development of regional green trade blocs like a potential arrangement within the RCEP. It emphasizes that a just transition requires bridging the gap between the WTO and UNFCCC, harmonizing carbon accounting standards, and increasing climate finance for adaptation in the Global South.

The report examines Bolivia's conservation landscape, highlighting a tension between formal state strategies and local practices. While Bolivia has a robust system of protected areas and land tenure, conservation outside these areas is often hindered by state priorities favoring extractivism and agribusiness. The document argues that indigenous territories and community-led initiatives offer significant potential for OECM recognition, provided that the state shifts toward a more inclusive, less bureaucratic, and better-funded support system that aligns with local livelihoods.