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Finance in Flux
The document analyzes a structural contraction in Official Development Assistance (ODA) and a persistent under-allocation of climate finance toward adaptation. It argues that while the sector possesses the foresight to predict these trends, institutional barriers prevent this knowledge from translating into action. The paper highlights the failure of blended finance to scale in high-exposure contexts, the inability of alternative donors like China and Gulf states to replace Western ODA, and emerging risks such as the centralization of risk analytics and sovereign debt traps.
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Document type: Research paper
SPILLOVER EFFECTS: THE FOSSIL FUEL– DEBT TRAP IN THE GLOBAL SOUTH
The report analyzes how high debt-service obligations and fossil fuel reliance create a structural trap for Global South nations, where fiscal pressures force governments to prioritize short-term liquidity and fossil fuel extraction over long-term renewable energy transitions. Through case studies of Colombia, Egypt, Guyana, Jordan, and Sri Lanka, it demonstrates that this nexus is systemic, often reinforced by the conditionalities of International Financial Institutions (IFIs) and the interests of multinational corporations. The document advocates for comprehensive debt cancellation, the end of fossil fuel finance, and a global transition framework based on 'extraction equity' to dismantle these structural barriers.
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Document type: Report
Reasons for Africa’s Under-Industrialisation
The report identifies a complex web of barriers to industrialisation in Africa, including colonial legacies of extractive industries, chronic infrastructure deficits in power and transport, and a lack of skilled technical labour. It highlights how policy inconsistencies and limited access to affordable long-term finance have hindered growth, while noting that global competition from Asia and the rise of automation challenge the traditional low-wage labour advantage. However, it points to opportunities arising from 'China+1' diversification strategies and the potential of the AfCFTA to reduce internal trade costs.
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Document type: Report
EU Clean Industrial Transition Monitor
The EU Clean Industrial Transition Monitor identifies progress in Europe's industrial transition but highlights critical weaknesses in demand, infrastructure, financing, and raw material supply. It argues that the Clean Industrial Deal and demand-side policies like the Industrial Accelerator Act can unlock investment, while a strong ETS carbon price remains essential. The report warns against short-term deregulation and calls for long-term fair transition financing to support regional reskilling and economic diversification.
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Document type: Executive summary
Structural and operational factors of renewable energy curtailment in India in 2025
In 2025, India's renewable energy curtailment was primarily driven by transmission infrastructure mismatches and system-wide emergency conditions managed via Tertiary Reserve Ancillary Services (TRAS). While non-fossil fuel capacity reached 266.7 GW by December 2025, the gap between rapid project deployment and slower transmission construction led to significant energy loss, particularly for projects under temporary general network access (T-GNA). Emergency TRAS-down events, often triggered by demand forecasting errors, also caused notable curtailment, such as 93.3 GWh of solar output on 12 October 2025.
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Document type: Report
Sovereign Debt: Towards a Global South Debtors’ Club
The Institute for Economic Justice (IEJ) asserts that current debt restructuring mechanisms, such as the G20’s Common Framework, are insufficient because they treat indebtedness as a liquidity issue rather than a structural result of colonial legacies and trade imbalances. The paper advocates for a Global South Debtors’ Coalition to coordinate negotiations and collective economic planning, focusing on food sovereignty, energy independence, and industrial policy. It proposes a "Bargain of the Century" to leverage the Global South's resources and market size to secure fairer trade and technology transfers, particularly during South Africa's G20 Presidency.
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Document type: Research paper
Time for a Reset: Development Cooperation at the Crossroads
The report argues that the traditional Official Development Assistance (ODA) model is outdated and failing to meet 21st-century challenges. It identifies six key pressures: shifting poverty geographies, rising demands for climate and health financing, fragmentation from new actors, changing flow natures, geopolitical rivalries, and declining public trust. The author contends that incremental tweaks are insufficient and proposes a 'reset' that integrates ODA into a broader Global Public Investment (GPI) framework. This new architecture would distinguish core poverty reduction from global public goods financing, reform governance to include the Global South, and shift the narrative from donor-driven charity to mutual interest. The report outlines five future scenarios for 2040, ranging from 'Incremental Change' to a 'Managed Handover' to non-governmental actors, urging policymakers to proactively shape a transition to avoid a fragmented 'Wild West' of bilateralism.
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Document type: Report
SUSTAINABILITY-LINKED BONDS: Building a High-Quality Market
The report analyzes the sustainability-linked bond (SLB) market, finding that while it is diversifying, a high share of deals lack ambition and credibility. Key issues include partial GHG scope coverage, a lack of science-based targets, and poor post-issuance reporting. The report introduces the Climate Bonds SLB Database (SLBDB) to identify aligned deals and provides a best-practice checklist for issuers, emphasizing the need for material KPIs, transparent transition plans, and robust financial penalties.
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Document type: Report
Assessing long-term state fragility in Africa: Prospects for 26 ‘more fragile’ countries
The report identifies a 'syndrome of fragility' in Africa driven by the interaction of poor governance, conflict, inequality, and poverty. Using the International Futures (IFs) system, it forecasts that while 16 of the 26 identified 'more fragile' states could transition toward resilience by 2050, ten countries—including the DRC, Somalia, and South Sudan—are at risk of remaining in a fragility trap. The analysis warns that climate change and democratic deficits could exacerbate these risks, and recommends long-term national development plans, extractive sector reform, and direct cash transfers to the poor to pivot toward a more optimistic future.
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Document type: Report
Der Clean Development Mechanism (CDM) – (ab)used by Germany?
The research paper analyzes Germany's engagement with the Clean Development Mechanism (CDM) up to July 2009, arguing that both the global mechanism and German state policy prioritize the quantity of Certified Emission Reductions (CERs) over the quality of sustainable development. The author finds that German projects are heavily concentrated in Asia, particularly China and India, and are dominated by large-scale industrial 'end-of-pipe' projects that offer minimal sustainable development benefits. The document concludes that the German government uses the CDM primarily as a tool for economic and export promotion rather than as a means to achieve genuine climate and development goals, thereby 'abusing' the mechanism's original purpose.
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Document type: Research paper
The Private Sector, Political Elites, and Underdevelopment in Sub-Saharan Africa
The document examines the failure of the private sector to drive economic growth in Sub-Saharan Africa, attributing this to the political dominance of elites who extract surplus from producers. It contrasts the vulnerability of African peasants and foreign firms with the relatively stronger private sector in South Africa. The author proposes a new form of democracy that empowers producers through land ownership and independent financial institutions to foster a genuine capitalist market economy.
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Document type: Research paper