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The report analyzes the vulnerability of ASEAN economies to climate transition risks, highlighting a significant reliance on fossil fuels for electricity generation. It finds that carbon-intensive sectors represent approximately 25% of corporate bond issuance in the region, with a substantial portion of loans and bonds facing refinancing risks by 2030. The authors argue that current industrial classification systems are inadequate for identifying these risks and recommend that ASEAN central banks develop comprehensive 'green' and 'brown' taxonomies to enhance climate risk disclosures and manage potential asset stranding.

The report identifies a dilemma in India's financial system where policies to increase green finance may raise overall credit risk due to the perceived lower quality of green assets, while risk-management policies may inadvertently reduce green finance flows by increasing the cost of capital. It highlights gaps in current regulatory, fiscal, and capital market frameworks, including the inadequacy of ESG ratings and credit rating systems to factor in climate risks. To resolve this, the author proposes a three-pillar strategy consisting of Policy Interventions, Regulatory Prescriptions, and Market and Institutional Mechanisms to support India's 1.5-degree pathway goals.

The author warns that Canadian investors and infrastructure owners are operating in a world that no longer exists, as the financial risks of a warming climate remain underpriced. Citing a Canadian Climate Institute report, the text highlights that annual flood damage to homes and buildings could reach $4.5 billion to $5.5 billion within 30 years. The document contends that a lack of open-access climate risk data leads to flawed financial analysis and calls for regulators to mandate the disclosure of climate risks to prevent a systemic financial shock.

The report analyzes the energy portfolios of ten major private equity firms, finding that 80% of their energy assets are in fossil fuels. It highlights that these investments often yield low returns and disproportionately impact communities of color, while the industry's private nature allows these activities to avoid the public scrutiny faced by publicly traded oil majors.

The document warns that African oil and gas producing countries risk committing public funds to stranded assets by basing investment decisions on current price trends rather than energy transition scenarios. It highlights the vulnerability of National Oil Companies (NOCs) and the potential for revenue overestimation, specifically citing risks in countries like Angola, Mozambique, and Senegal. The author advocates for the Extractive Industries Transparency Initiative (EITI) to mandate the disclosure of project viability data and for governments to diversify their economies.

The report identifies significant ESG risks in the aquaculture industry, specifically high fish mortality and the use of wild-caught fish in feed, which threaten long-term profitability and food security. It finds that most investors lack robust policies to mitigate these risks and warns that some 'green bonds' in the sector may be used for greenwashing. The document recommends that investors require investees to disclose supply chains, reduce mortality rates, and eliminate wild-caught fish in feed by 2025.

Reclaim Finance defends its report 'Actifs fossiles : les nouveaux subprimes?', arguing that French banks hold over 530 billion euros in fossil fuel assets, representing 95% of their equity. The author rejects the FBF's claims that the data is incorrect, asserting that the figures are based on banks' own annual reports and that the financial risk of 'stranded assets' is significant, contrary to the more optimistic 'pilot exercise' conducted by the ACPR and AMF.

The report finds that 2,277 million tonnes per annum (mtpa) of new coal mining capacity is under development globally, with 614 mtpa already under construction. This expansion is heavily concentrated in China, Australia, India, and Russia, which together represent 77% of global development. The authors argue that this trajectory is incompatible with the Paris Agreement, as coal production would need to decline 11% annually through 2030 to limit warming to 1.5°C. If all proposed capacity is realized, 2030 production would be over four times the 1.5°C-compliant pathway. The report also highlights a potential $91 billion USD in stranded assets and significant greenhouse gas emissions, estimated between 5,000 and 5,800 Mt of CO2-equivalent annually from these projects.

The global steel sector, responsible for 11% of CO2 emissions, remains heavily reliant on carbon-intensive blast furnace-basic oxygen furnace (BF-BOF) pathways. While over 75% of global capacity is now covered by net-zero pledges, the report warns of significant stranded asset risks—estimated between 47 and 70 billion USD—due to the continued construction of BF-BOF plants. The analysis emphasizes a transition toward electric arc furnaces (EAF), green hydrogen-based direct reduced iron (DRI), and carbon capture, utilization, and storage (CCUS), while leveraging existing global overcapacity to retire inefficient plants.

The report warns that 11 major Eurozone banks hold over 530 billion euros in fossil fuel assets, representing 95% of their total equity. It argues that these assets are prone to becoming 'stranded assets' as the world transitions to meet the Paris Agreement, potentially triggering a financial crisis similar to the 2008 subprime mortgage crisis. The authors critique 'green finance' as largely greenwashing and call for the European Central Bank (ECB) to align its monetary policy with climate goals, increase capital requirements for fossil fuel exposure, and establish a public 'bad bank' to manage the phased extinction of these assets.

The report warns that the 11 largest banks in the eurozone hold over 530 billion euros in fossil fuel assets, which represent 95% of their total equity on average. This overexposure creates a significant risk of 'stranded assets' as the world transitions to meet Paris Agreement goals. The authors argue that current 'green finance' is largely a greenwashing tool and that voluntary bank commitments are insufficient. They propose a two-step solution: first, implementing strict regulations and reforming European Central Bank (ECB) monetary policy to stop new fossil fuel funding; second, establishing a public 'fossil bank' under the ECB to buy back and gradually phase out these risky assets to protect financial stability and enable the ecological transition.

The report examines the rise of ESG (Environmental, Social, and Governance) regulations to combat greenwashing, highlighting the EU's Sustainable Finance Disclosure Regulation (SFDR) as a key driver. It argues that ESG-aligned funds are outperforming non-aligned ones, making ESG compliance essential for accessing global capital. This shift poses a significant risk to fossil fuel-dependent firms, especially in Africa, while benefiting those providing minerals for renewable energy, provided they adhere to genuine sustainability principles.

The project aims to create a standardized global reporting framework for nature-related financial risks, modeled after the TCFD. It involves a phased approach: preparing the taskforce, building the framework, testing it with a diverse group of institutions, and conducting public consultations. The goal is to redirect global financial flows toward nature-positive outcomes by increasing transparency regarding biodiversity loss and natural capital dependencies.

The report examines KKR's energy investment strategy from 2010 to 2020, highlighting a strong preference for fossil fuels over renewables. It details significant financial losses, including negative internal rates of return (IRR) for several funds and bankruptcies of assets like Longview Power and Samson Resources. Additionally, the document links KKR's investments to environmental and social harms, specifically citing Indigenous opposition to the Coastal GasLink Pipeline in Canada and the disproportionate impact of oil and gas operations on Latino and minority communities in Texas and New Mexico.

The report identifies a $1 trillion stranded asset risk associated with 212,000 km of planned oil and gas pipeline expansions. It highlights that gas dominates new developments, with 82.7% of pipelines in development carrying gas. The U.S. and China are leading in capacity and length growth, respectively. The document argues that this expansion is incompatible with net-zero commitments and will lock in significant CO2 emissions, while noting a trend of increasing social and legal opposition to such projects.

The report argues that the oil and gas industry is in an inevitable decline, leaving behind millions of unplugged wells that pose severe risks to public health and the environment. It highlights how inadequate bonding requirements and bankruptcy laws in the US and Canada enable companies to offload decommissioning costs onto taxpayers. The document warns that unconventional drilling, such as fracking and deepwater projects, is significantly more expensive to close than conventional wells, creating material financial risks for investors and governments. It concludes that a just transition requires strict enforcement of the 'polluter pays' principle and the closure of legal loopholes to ensure companies, rather than the public, fund the remediation of toxic assets.

The document highlights the financial losses and legal challenges facing The Blackstone Group due to its extensive fossil fuel portfolio, noting bankruptcies of held companies and significant value drops in its private equity portfolio in early 2020. Despite these risks and community opposition, Blackstone continued to expand its energy holdings in April 2020 through the acquisition of Tallgrass Energy and a stake in Energy Transfer Partners. The text also details environmental violations linked to Blackstone's investments, including a major crude oil leak in the Gulf of Mexico and permit violations involving the Rover Pipeline.

South Korean state-owned financial institutions have invested US$5.6 billion in overseas coal-fired power plants since 2013, primarily in Vietnam and Indonesia. These investments face significant risks of becoming stranded assets as renewable energy costs drop and private lenders withdraw from coal. The document notes that new coal plants in Southeast Asia may operate for less than five years before becoming economically unviable. Additionally, the COVID-19 pandemic has disrupted construction schedules and reduced electricity demand. These trends conflict with the South Korean Democratic Party's Green New Deal, which calls for phasing out public coal funding. Specific high-risk projects include the Jawa 9 and 10 plants in Indonesia, for which US$232.5 million in funding is under consideration.

South Korean public finance institutions have invested $5.6 billion in overseas coal plants, primarily in Vietnam and Indonesia, creating a significant risk of stranded assets. This trend persists despite the Democratic Party's Green New Deal promising a phase-out of such financing and a global decline in private coal funding. The economic viability of coal is deteriorating as solar and wind power costs fall, with projections that renewables will be cheaper than existing coal in Southeast Asia by 2028. Additionally, the COVID-19 pandemic has depressed electricity demand and caused construction delays, further destabilizing these investments.

South Korean public financial institutions face up to $6 billion in stranded asset risks due to investments in overseas coal power plants, particularly in Indonesia and Vietnam. This trend contradicts the South Korean government's 'Green New Deal' policy to phase out public funding for coal. The economic viability of coal is declining as solar and wind power costs drop, and the COVID-19 pandemic has further disrupted construction schedules and reduced electricity demand. Specific high-risk projects include the Jawa 9 and 10 plants in Indonesia and the Bung Ang 2 plant in Vietnam. Meanwhile, private financial institutions and several Southeast Asian nations are increasingly transitioning away from coal toward renewables.