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No traction: offsets won’t deliver the climate benefits of coal phaseouts
The Monetary Authority of Singapore (MAS) and McKinsey have proposed using 'transition credits' (carbon offsets) to attract finance for the early retirement of coal plants in Asia. Reclaim Finance argues that this approach replicates the failures of the broader offset industry, specifically regarding the inability to prove 'additionality' and the risk of inflated emission reduction estimates. The document asserts that offsets create perverse incentives that may deter governments from enacting national coal phaseout policies or providing concessional finance. It concludes that a successful transition requires increased public concessional funding and accelerated investment in sustainable power alternatives rather than a reliance on tradeable offsets.
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Document type: Statement
Settling the bill: who must pay for their emissions?
The statement criticises the EU for granting billions of euros in free emission allowances to heavy industry, which it claims contradicts the 'polluter pays' principle. It contrasts the high value of these industrial subsidies with the capped funding of the Social Climate Fund, intended to protect vulnerable citizens from the costs of the new ETS2 system for buildings and transport.
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Document type: Statement
Just Energy Transition Investment Plan (JET-IP) and Draft Electricity Recommendations: Comments on behalf of the Life after Coal Campaign and the Fair Finance Coalition Southern Africa
The Life after Coal Campaign and the Fair Finance Coalition Southern Africa argue that the JET-IP is heavily skewed toward private sector interests and large-scale infrastructure, specifically green hydrogen, at the expense of community-led renewable energy and social investment. They highlight critical gaps in policy alignment, the lack of transparency regarding debt and loan agreements, and the failure to adequately address the health impacts of air pollution at the Medupi and Kusile power stations. The authors call for a reprioritization of funding toward transmission grid strengthening and socially owned energy models, while warning that the current approach to decommissioning coal plants, as seen at Komati, lacks the necessary community participation to be considered 'just'.
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Document type: Statement
PERSOALAN GAS DI INDONESIA
The document criticizes the World Bank Group (WBG) for promoting fossil gas as a transition fuel in Indonesia, asserting that such investments lock in greenhouse gas emissions and environmental degradation. It highlights contradictions between WBG strategies, such as the Country Partnership Framework 2021-24 and the Indonesia Economic Prospects report, and global climate goals. The authors call for an immediate shift in public funding away from gas and unproven technologies like CCUS and coal gasification toward sustainable renewable energy.
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Document type: Report
TOTALENERGIES’ CLIMATE-LINKED BONDS: A TRAP
The document critiques TotalEnergies' plan to issue Sustainability-Linked Bonds (SLBs), asserting that the company's climate targets and overall corporate strategy are misaligned with the Paris Agreement. It highlights flaws in the company's KPIs, specifically regarding scope 1, 2, and 3 emissions, and points to a projected 50% growth in hydrocarbon production by 2030 as evidence of a strategy at odds with climate science. The briefing concludes that these bonds serve as a marketing tool to secure funding for oil and gas expansion rather than a genuine mechanism for energy transition.
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Document type: Briefing
Fossilized Thinking: The World Bank, Eskom, and the Real Cost of Coal
The report analyzes a 3.75 billion dollar World Bank loan to Eskom Holding Limited for the Eskom Investment Support Project in South Africa, which included a 4,800 MW coal-fired power plant. It asserts that the World Bank violated its own Operational Policy 10.04 (OP 10.04) by failing to fully consider environmental and social externalities in the project's Economic Evaluation. The authors argue that this failure renders the evaluation inaccurate and suggests a broader pattern where the World Bank over-invests in large-scale centralized energy projects—including coal, oil, gas, nuclear, and large hydro—by overstating benefits and ignoring negative costs.
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Document type: Report
Comments on the series of Applications for Suspension of the Minimum Emissions Standards (MES) Compliance Timeframes for Various Eskom Coal-Fired Power Plants
The document argues that Eskom's justifications for delaying emissions compliance—including plant decommissioning, water scarcity, and high costs—are untenable. The author contends that Eskom's capital expenditure estimates for air pollution controls are substantially inflated compared to similar projects in India and suggests alternative, lower-cost technologies like Dry Sorbent Injection (DSI) and Selective Non-catalytic Reduction (SNCR) to achieve emissions reductions.
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Document type: Legal commentary
Factsheet $NCKL: A QUESTION OF VALUE
The document details the negative impacts of Harita Group's nickel operations on Obi Island, including marine pollution, forced relocation of residents, and workplace fatalities. It highlights the company's reliance on coal-fired power plants (PLTU) and argues that the IPO of PT Trimegah Bangun Persada Tbk (NCKL) enables further destruction. The text specifically criticizes investors like Glencore and Fidelity International, as well as several global banking underwriters, for breaching net-zero and Paris Agreement commitments by supporting the company.
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Document type: Fact sheet