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Public investment in the blue economy has nearly doubled in the past decade, but funding still falls short of global needs
This briefing by Zero Carbon Analytics examines the funding landscape of the global ocean economy, noting that while public investment has increased over the last decade, it remains significantly below the estimated USD 550 billion needed annually by 2030. The report highlights a heavy reliance on official development assistance (ODA), which is currently facing cuts from major donors, and emphasizes the economic and climate benefits of closing the sustainable ocean funding gap.
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Document type: Briefing
Clean energy stocks gain in value during Iran war
This briefing by Zero Carbon Analytics examines how the US-Israel invasion of Iran on 28 February 2026 triggered an energy crisis that accelerated the transition to clean energy. It analyzes the outperformance of clean energy equity funds over oil and gas funds, shifts in investor sentiment regarding the necessity of natural gas, and the impact of regional cost-of-capital differences on renewable energy investments.
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Document type: Briefing
Recomendações para o Plano Safra 2026/2027
This report by the Climate Policy Initiative (CPI/PUC-Rio) provides 33 recommendations to reorient the Brazilian Harvest Plan (Plano Safra) 2026/2027 toward higher social, environmental, and productive returns. The authors argue that public resources should be prioritized for sustainable, low-carbon agriculture and the most vulnerable producers, while strengthening socio-environmental safeguards to prevent the financing of illegal deforestation and land grabbing.
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Document type: Report
Finance in Flux
This research paper analyzes the structural decline of Official Development Assistance (ODA) and the systemic failures in allocating climate finance toward adaptation and resilience between 2024 and 2026. It argues that the primary constraint is not a lack of information or foresight, but an institutional 'decision gap' that prevents organizations from translating risk analysis into operational preparedness.
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Document type: Research paper
The USD 1.2 Trillion Problem: Energy Crisis Strengthens Case for Clean Public Finance
This research paper by the International Institute for Sustainable Development (IISD) analyzes the misalignment of global public finance, noting that in 2024, public support for fossil fuels exceeded USD 1.2 trillion, nearly five times the USD 254 billion provided to clean energy. The report examines fossil fuel subsidies, G20 renewable energy support, state-owned enterprise (SOE) capital expenditure, and international public finance, arguing that governments must shift from blanket subsidies to targeted social protection and clean energy investment to reduce fiscal exposure and energy vulnerability.
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Document type: Research paper
£1bn but falling: Record subsidy for UK biomass burning enters final year
The Ember report details record public subsidies of £999 million paid to the Drax biomass power station in 2025, while outlining a planned reduction to approximately £460 million per year starting in 2027.
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Document type: Report
Landscape of Climate Finance in Ethiopia
This report by the Climate Policy Initiative analyzes the landscape of climate finance in Ethiopia from 2019 to 2023. It finds that while climate finance has increased, it remains heavily dependent on international public grants and is significantly below the levels required to meet the country's NDC 3.0 targets, particularly for mitigation and private sector investment.
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Document type: Report
Unlocking long-term scale: Rethinking RBF for sustainable mini-grids
This white paper by the ARE Financier Circle examines how Results-Based Financing (RBF) for mini-grids in sub-Saharan Africa can be optimized to better mobilize private commercial capital. It argues that current RBF designs often prioritize short-term connection numbers over long-term business viability, creating 'cliff-edge risks' and administrative barriers that deter investors. The paper proposes a four-pillar approach focusing on aligning impact metrics with commercial sustainability, adjusting disbursement schedules to support capital raises, introducing lifecycle risk mitigation instruments, and fostering ecosystem-wide collaboration.
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Document type: Research paper
10 Project Finance Lessons from Europe’s Geothermal-Lithium Lighthouse
This case study by RMI examines the financing of the Lionheart project in Germany, a first-of-a-kind industrial facility integrating geothermal power, lithium extraction from brines, and on-site lithium hydroxide production. The document details the €2.2 billion financing package closed in December 2025 and outlines ten financial and operational de-risking strategies used to attract international investors despite geopolitical uncertainty and volatile lithium prices.
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Document type: Case study
O Financiamento da Agropecuária Sustentável no Cerrado
This executive summary by the Climate Policy Initiative (CPI/PUC-Rio) analyzes agricultural financing in the Cerrado biome and the Matopiba region. It finds that while financial flows are significant, the current architecture fails to align with sustainability and zero-deforestation goals due to high concentration among large producers and institutions, limited scale of sustainable credit, and insufficient territorial coverage.
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Document type: Executive summary
Bridging the Gap
This report by the International Institute for Sustainable Development (IISD) examines the financial and institutional barriers preventing South African municipalities from accessing climate finance to support the just energy transition (JET). It highlights a significant gap where less than 10% of tracked climate finance reaches local governments, despite their critical role in electricity distribution and community resilience. The document analyzes current funding models, the impact of national policy frameworks, and provides recommendations to improve municipal creditworthiness and project bankability.
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Document type: Report
Déclaration médiatique : La crise de l’eau en Afrique expose le coût d’un système financier mondial défaillant
A media statement by the African Forum and Network on Debt and Development (AFRODAD) arguing that Africa's water crisis is driven by a failing global financial system, chronic under-investment, and a debt crisis that prioritizes repayments over essential public services.
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Document type: Statement
Africa’s Water Crisis Exposes the Cost of a Broken Global Financial System
A media statement by the African Forum and Network on Debt and Development (AFRODAD) issued on 13 February 2026, arguing that Africa's water crisis is a structural emergency caused by a broken global financial system that prioritizes debt repayment over essential public services and climate resilience.
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Document type: Statement
Leveraging global capital towards clean energy as ASEAN races to the Summit
This policy brief by Ember examines the financing landscape for ASEAN's energy transition, highlighting a significant investment gap and the varying roles of bilateral partners like China, Japan, and the United States. It argues that the Philippines' 2026 ASEAN Chairmanship provides a strategic opportunity to coordinate regional industrial strategies—such as Indonesia's nickel downstreaming and Viet Nam's solar manufacturing—to move the region up the clean energy value chain.
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Document type: Policy brief
Unlocking Finance for Nature-based Solutions (NbS) in Indian Cities
This report by the Climate Policy Initiative, WRI India, and CEEW analyzes the financial and regulatory landscape for Nature-based Solutions (NbS) in Indian cities. It identifies significant gaps in private sector investment, which currently accounts for only 10% of global NbS finance, and provides early recommendations to improve project bankability, diversify funding sources, and strengthen the enabling environment for urban climate resilience in India.
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Document type: Report
Hot air: carbon removals risk high costs and underdelivery in the UK
This report by Ember evaluates the financial risks and technical viability of announced greenhouse gas removal (GGR) projects in the UK, specifically focusing on bioenergy with carbon capture and storage in the power sector (power-BECCS) and direct air carbon capture and storage (DACCS). The analysis finds that these technologies are currently unproven at commercial scale, face significant delivery delays, and could require billions in public subsidies, potentially diverting funds from more effective decarbonisation methods like renewables and heat pumps.
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Document type: Report
Reforming climate finance: adaptation finance in Africa
This briefing by Zero Carbon Analytics, written with Africa Climate Insights, examines the critical shortfall in climate adaptation finance for Africa and developing nations. It argues that public finance must remain the primary driver of adaptation due to the 'less bankable' nature of adaptation projects compared to mitigation and the high debt distress in African economies.
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Document type: Briefing
Mapping India's State-Level Energy Transition
This report by the International Institute for Sustainable Development maps energy support and revenues in Chhattisgarh, India, from fiscal years (FY) 2020 to 2024. It analyzes the distribution of subsidies and public sector investments across fossil fuels and clean energy, highlighting a significant imbalance where fossil fuel subsidies are four times higher than those for clean energy.
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Document type: Report
Fit-for-Purpose Forest Finance: A Menu of Financial Mechanisms
This report by the Climate Policy Initiative and Pontifical Catholic University of Rio de Janeiro maps 30 international financial mechanisms designed to support tropical forests. It identifies a significant funding gap, noting that current mechanisms mobilize US$ 25.9 billion, which is far below the US$ 66.8 billion annually required by 2030 to unlock the full potential of tropical forests.
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Document type: Report
Indicators for the Global Goal on Adaptation
This briefing describes the Global Goal on Adaptation (GGA), an international framework established under the 2015 Paris Agreement to monitor and evaluate progress on climate adaptation. It details the development of approximately 100 draft indicators to be agreed upon at COP30 in Belém, which aim to move adaptation targets from broad pledges to quantifiable metrics. The document highlights the critical underfinancing of adaptation compared to mitigation and the potential for high returns on investment in resilience measures.
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Document type: Briefing