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Japan has become a major global LNG trader, significantly increasing its resales of US-sourced LNG to Asian markets between 2021 and 2025. This trade pattern, supported by Japanese government initiatives and financing, contributes to substantial lifecycle greenhouse gas emissions. The analysis shows that 16.5 billion kg of US LNG resold by Japan to Asia released 63.5 billion kg of CO2, with methane leaks and combustion being the primary drivers. The document argues that promoting LNG infrastructure in Asia risks locking in fossil fuel dependence and exacerbating climate-induced disasters in a region already vulnerable to extreme weather.

The document examines the scale and transparency of global plastics trade, noting that the 2021 trade value reached at least $1.2 trillion. It argues that current statistical classification methods hinder the transparency needed for effective policymaking to end plastic pollution.

The document analyzes the scale and geographic distribution of the global plastics trade, which reached a value of at least $1.2 trillion in 2021. It categorizes trade into non-hidden, semi-hidden, and hidden flows, noting that official Harmonized System (HS) codes fail to capture significant volumes of embedded plastics and packaging. The analysis identifies China, the EU, and the US as dominant players and highlights the shift of plastic waste flows toward developing Asia-Pacific nations following China's import bans. The authors argue for updating HS classifications in the 2027 cycle to improve data on polymer types, recycled content, and chemicals of concern to support global efforts to end plastic pollution.

The report analyzes the aluminium sector's exposure to carbon leakage, finding that while the sector as a whole is trade-intensive, the risk varies by product. Unwrought non-alloy aluminium is identified as particularly vulnerable due to high trade and CO2 intensity, whereas secondary aluminium and semi-fabricated products pose lower risks. The study highlights a shift in primary production capacity toward China and the Middle East, while the EU27 remains a leader in recycling but continues to export scrap to China.

The report analyzes the pulp, paper, and paperboard sectors, finding that while both are classified as at risk of carbon leakage under EU ETS criteria, the drivers of trade intensity are often related to biomass availability and market effects rather than carbon pricing. It highlights a trend of the EU importing raw pulp and low-quality paper while exporting high-quality products, and notes that the export of recovered paper to China may cause 'negative carbon leakage' by depriving EU producers of low-emission raw materials.

The report finds that illegal crab harvesting in Russia has significantly exceeded legal limits over the past decade, with imports to Japan, South Korea, and the U.S. often far surpassing official Russian harvest data. It details laundering techniques such as triangular trade and misdeclaration, and highlights the ecological risk of stock collapse in the Russian Far East. The document recommends multilateral cooperation among Russia, Japan, South Korea, and the U.S. to establish a harmonized traceability system.