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Transição Financeira para Empresas em Transformação
The Climate Bonds Initiative (CBI) outlines a proposal to certify 'credible' corporate transitions by requiring companies to meet five specific attributes: Paris-aligned goals, robust plans, implementation action, internal monitoring, and external reporting. This framework aims to bridge the gap between high-level market guidance and complex corporate assessment frameworks, providing a standardized, science-based approach to evaluate whether a company's transition is sufficiently ambitious and robust to align with global net-zero goals by 2050.
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Document type: Report
Transition Finance for Transforming Companies
The Climate Bonds Initiative (CBI) proposes a certification framework to ensure company decarbonisation is rapid and robust enough to align with the Paris Agreement. The proposal introduces five 'hallmarks' of a credibly transitioning company: Paris-aligned targets, robust plans, implementation action, internal monitoring, and external reporting. This framework aims to bridge the gap between light-touch market guidance and overly complex entity-level assessments. CBI suggests differentiating between 'Green Transition' (already aligned with sectoral pathways) and 'Interim Transition' (catching up, with a proposed grace period until 2025). The framework emphasizes absolute measures tied to common sectoral transition pathways over relative 'best-in-class' benchmarking and requires the inclusion of scope 1, 2, and 3 emissions.
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Document type: Research paper
THE F-LIST 2021: 90 AD AND PR COMPANIES WORKING FOR THE FOSSIL FUEL INDUSTRY
The report identifies 90 advertising and PR companies working for the fossil fuel industry, highlighting a conflict between the sustainability pledges of major holding companies and their continued representation of high-polluting clients. It details specific case studies of disinformation and lobbying efforts in the US, Australia, and the EU, while warning that the term 'Net Zero' is being used as a primary tool for greenwashing ahead of the 2021 Glasgow climate talks.
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Document type: Report
FCA Consultation CP21/17: Enhancing climate-related disclosures by asset managers, life insurers, and FCA-regulated pension providers
ClientEarth responds to the FCA's CP21/17 consultation, arguing that while the proposed expansion of climate-related disclosures is welcome, the FCA must broaden the scope of regulated firms, mandate Paris-aligned transition plans, and ensure robust enforcement to meet the UK's net-zero targets.
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Document type: Statement
Climate Solutions At Work
The document argues that traditional corporate climate leadership, focused on "net zero" and offsets, is insufficient. It proposes a "drawdown-aligned" framework where employees use their internal influence to transform business models, supply chains, and financial investments. Key recommendations include adopting "Emissions 360" accounting, divesting from fossil fuels, aligning political lobbying with the Paris Agreement, and prioritizing long-term planetary health over quarterly profits.
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Document type: Guide
The uk clean power plan
The briefing analyzes pathways from the Climate Change Committee (CCC), National Grid, and Energy Systems Catapult (ESC) to demonstrate that the UK power sector can be nearly fossil-free by 2035. It argues that phasing out unabated gas will reduce reliance on expensive imports, lower electricity bills, and stimulate a green industrial revolution. While the models differ on the roles of nuclear and Carbon Capture and Storage (CCS), they agree on the centrality of wind and solar power and the need for increased energy storage and hydrogen capacity.
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Document type: Briefing
Energy & Climate Report for EIA
The report by ClientEarth, WWF Italy, and ECCO think tank opposes Enel's plan to convert the Federico II plant in Brindisi from coal to gas. It argues that the project is not needed for security of supply, risks creating stranded assets and overcapacity in Southern Italy, and causes adverse climate impacts through CO2 and methane emissions. The authors contend that the project contradicts EU and national decarbonisation goals and should be rejected by the Ministry for Ecological Transition.
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Document type: Report
NO NEW COAL BY 2021
The global pipeline of proposed coal power plants has collapsed by 76% since the 2015 Paris Agreement, with 1,175GW of projects cancelled. While China remains the largest pursuer of coal, hosting 55% of the remaining pre-construction pipeline, many OECD and non-OECD countries have already committed to or are positioned for 'no new coal'. The report highlights that action by six countries—China, India, Viet Nam, Indonesia, Turkey, and Bangladesh—could remove 82% of the remaining global pre-construction pipeline.
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Document type: Report
The Three Seas Initiative’s Failing Case For Gas
The Three Seas Initiative (3SI) is criticized for prioritizing fossil gas infrastructure over renewable energy, which risks locking in emissions beyond 2050 and violating the EU's Climate Law. As of July 2021, fossil gas projects outnumber renewables in the 3SI database by more than two to one. Many of these gas projects are described as 'zombie projects'—outdated relics that have failed to attract financing or remain unutilized, such as the BRUA and Eastring pipelines. The document highlights that EU gas consumption must decline sharply to meet a 55% emissions reduction by 2030. While the 3SI Investment Fund (3SIIF) recently made its first energy investment in solar developer Enery Development, the briefing argues that significant political and financial shifts, including from the US, are needed to catalyze the region's renewable energy potential and align with the 'Fit for 55' package.
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Document type: Briefing
ACHIEVING A FOSSIL-FREE RECOVERY IN INDONESIA
The document analyzes Indonesia's National Economic Recovery (PEN) program, finding that 2020 spending heavily favored fossil fuel-related state-owned enterprises and subsidies over clean energy. It highlights a gap in renewable energy targets—reaching only 11.2% in 2020 against a 13.4% target—and recommends reforming fossil fuel subsidies and implementing conditional fiscal support to accelerate the energy transition.
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Document type: Policy brief
Insights on the First 29 Long-term Climate Strategies Submitted to the United Nations Framework Convention on Climate Change
The paper surveys 29 long-term climate strategies (LTSs) submitted to the UNFCCC, representing 42 countries and 28% of global emissions. It finds a growing trend toward net-zero targets, an increasing focus on the fundamental economic and societal shifts required for transition, and a reliance on both natural and technological carbon removals. The analysis highlights that while most strategies include midcentury goals and modeling, the level of detail regarding adaptation and just transition varies, and some parties acknowledge gaps between their most ambitious scenarios and their final targets.
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Document type: Research paper
Climate change is here. Pass the California Climate Crisis Act
The Clean Air Task Force advocates for the passage of the California Climate Crisis Act (AB-1395), which would codify California's goal of achieving net-zero carbon emissions by 2045 and maintaining negative emissions thereafter. The Act would require the California Air Resources Board (CARB) to update its Scoping Plan to include nature-based and technology-based solutions, specifically carbon capture, removal, and storage. The authors argue that such policy action is essential to address the immediate impacts of drought and wildfire in California and to maintain the state's position as a global climate leader.
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Document type: Statement
Financing 1.5°C: What’s Driving ESG-Related Mergers?
Large financial institutions are increasingly acquiring smaller firms specializing in environmental, social, and governance (ESG) expertise to improve their analytical capabilities regarding climate risk. This trend is driven by the need for high-quality data and the ability to integrate forward-looking climate scenarios into risk frameworks, partly spurred by the TCFD recommendations. The author predicts a similar wave of M&A activity will shift toward 'climate alignment'—the process of aligning portfolios with 1.5°C targets—as financial firms seek the proprietary data and technology necessary to meet net-zero commitments.
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Document type: Briefing
FIRE WEATHER
Climate Central's analysis of weather station data from 225 locations across 17 U.S. states reveals a significant increase in fire weather days since the 1970s, driven primarily by warming and decreasing relative humidity. The report highlights that interior regions have seen higher increases than coastal areas, with some parts of New Mexico experiencing two additional months of fire weather compared to nearly 50 years ago. Beyond increasing wildfire risk, these conditions have led utilities like PG&E to implement public safety power shutoffs (PSPSs) to prevent equipment-related ignitions, resulting in significant economic impacts and health risks. The document argues that while land management and localized grids can mitigate risk, long-term stabilization requires reducing carbon pollution to net zero by 2050.
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Document type: Briefing
Net Zero Solutions 2020s
The document argues that the UK's 2050 net-zero target requires a systemic combination of technological, societal, and nature-based solutions, alongside innovative business models and regulatory changes. It emphasizes the need to prioritize research for sectors that are difficult to decarbonize and focuses on innovations for the 2020s across eight sectors identified by the Climate Change Committee.
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Document type: Briefing
To make good on its climate goals, California needs carbon capture, removal, and storage technologies
California is projected to fall 125 million metric tons of CO2 short of its 2045 targets, necessitating the use of carbon capture and storage (CCS) and carbon dioxide removal (CDR) to address hard-to-abate industrial emissions and achieve net-negative emissions. The state possesses vast geologic storage potential, particularly in Central Valley saline aquifers, estimated at 30-417 gigatonnes of CO2. Beyond emissions, these technologies are presented as means to improve air quality by reducing sulfur dioxide and particulate matter, and to support workforce stability during the clean energy transition.
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Document type: Statement
FCA Referral Request
ClientEarth has submitted a referral request to the Financial Conduct Authority (FCA) alleging that Carnival plc and Carnival Corporation failed to disclose material climate-related financial risks in their 2020 reporting. The request argues that the companies' reports are vague or entirely silent on climate change, potentially misleading investors and violating Disclosure Guidance and Transparency Rules (DTRs) and the UK Market Abuse Regulation (UK MAR). ClientEarth specifically challenges Carnival's reliance on Liquefied Natural Gas (LNG) as a decarbonisation strategy, noting that such claims are not substantiated in financial statements and ignore methane emissions and the UK Climate Change Committee's findings on biofuels. The referral seeks financial penalties, public censure, and corrective disclosures.
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Document type: Statement
FCA Referral Request Just Eat Takeaway.com N.V.
ClientEarth has submitted a referral request to the FCA alleging that Just Eat Takeaway.com N.V. failed to disclose material climate-related risks and impacts in its 2020 Annual Report. The document argues that Just Eat's reporting is vague, potentially misleading, and fails to provide a fair review of its business or its long-term viability in a net-zero economy. Specifically, it highlights the absence of a Paris-aligned transition strategy and inadequate data on the environmental impact of food packaging and digital operations. ClientEarth requests that the FCA impose financial penalties, issue a public censure, and require the company to rectify its reporting deficiencies.
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Document type: Statement
Neuf façons de renforcer la stratégie climatique du fédéral
The Canadian Climate Institute outlines nine recommendations for the federal government to enhance its climate strategy. These include integrating climate resilience into government cost-benefit analyses, improving climate risk data dissemination, prioritizing 'sure-bet' solutions like energy efficiency, and implementing a national sales quota for zero-emission vehicles. The document also advocates for targeted support for clean-tech industries, regional transition strategies for workers, and mandatory climate risk disclosures for public and private entities to ensure Canada remains competitive in a global low-carbon economy.
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Document type: Statement
GREEN BONDS IN SOUTH AFRICA
The report examines how green bonds and transition finance can support South Africa's shift from a coal-dependent energy system to a low-carbon economy. It highlights the critical role of the two largest emitters, Eskom and Sasol, and proposes various financial models, including sovereign green bonds and asset-backed securities, to attract international capital while managing the social implications of a 'Just Transition'.
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Document type: Report