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Why Liquefied Natural Gas Expansion in Canada Is Not Worth the Risk
The document assesses the viability of Canadian LNG expansion, concluding that it is incompatible with climate goals and economically precarious. It highlights that new facilities would increase domestic emissions and potentially strand assets due to a projected global supply glut and declining demand in advanced economies. The brief specifically notes that Canadian projects face higher production costs than competitors in Qatar and the United States, making them reliant on substantial public subsidies. It recommends a shift in investment toward green industries to avoid economic shocks and environmental damage.
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Document type: Policy brief
A Balancing Act
The report evaluates Nigeria's strategy to expand LNG production to offset declining oil revenues, warning that such investments risk becoming stranded assets as global demand shifts toward clean energy after 2030. It highlights that while Nigeria is the world's sixth-largest LNG exporter, the sector has not significantly improved domestic energy access or reduced poverty, and continues to be linked to environmental degradation and social conflict in the Niger Delta.
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Document type: Report
LES BANQUES FRANÇAISES : Sponsors du chaos climatique
Reclaim Finance highlights the contradiction between the values promoted by French banks through sports sponsorships and their continued financial support for fossil fuel expansion. The report details the funding provided by BNP Paribas, Crédit Agricole, Société Générale, and BPCE to oil and gas companies and liquefied natural gas (LNG) projects between 2021 and 2024, asserting that such investments are incompatible with the Paris Agreement and IPCC guidelines.
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Document type: Report
Strengthening Civil Society Participation in the NDC Revision Process: Insights from Mozambique, South Africa and Zambia
The paper examines the role of civil society organisations (CSOs) in the NDC revision processes of Mozambique, South Africa, and Zambia, identifying barriers to participation and proposing strategies to enhance inclusivity for the 2025 revisions.
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Document type: Research paper
FINANCING TO DELAY
The report identifies a systemic network of financial support for Indonesia's coal industry, noting that between 2020 and 2023, at least IDR 163 trillion was disbursed to coal-related activities. It highlights the role of state-owned banks, particularly Bank Mandiri and Bank Rakyat Indonesia, as primary funders. The document argues that this financial support, combined with 'regulatory capture' and the influence of a wealthy elite (the 1%), creates a state of 'climate delay.' It specifically criticizes the OJK's updated green taxonomy for labeling certain coal-fired power plants as 'Green' or 'Transition,' which the authors characterize as greenwashing. The report also maps the ownership and political affiliations of seven major coal companies, linking them to politically exposed persons and individuals listed in Offshore Leaks.
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Document type: Report
Climate Negotiations Glossary
The Climate Negotiations Glossary defines the technical, political, and procedural terminology of the UNFCCC process. It covers the governing bodies of the UNFCCC, Kyoto Protocol, and Paris Agreement, as well as the roles of various negotiation blocks, observer constituencies, and financial mechanisms. The guide explains specific articles of the Paris Agreement (such as Article 6 on carbon markets and Article 9 on finance), the functions of constituted bodies like the Adaptation Committee, and the logistical details of COP meetings, including the 'blue zone' and 'green zone'.
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Document type: Guide
What Could the New Climate Finance Goal Look Like?
The briefing examines the ongoing negotiations for the New Collective Quantified Goal (NCQG) on climate finance, focusing on seven critical areas of contention: the financial target amount, the identity of contributing countries, the applicable time frame, the inclusion of loss and damage, alignment with Article 2.1(c) of the Paris Agreement, the quality of finance (concessionality, accessibility, predictability, and effectiveness), and the mechanisms for transparently tracking progress.
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Document type: Briefing
WMBC RESPONSE TO US GOVERNMENT ANNOUNCEMENT ON THE ROLE OF VCMS
The We Mean Business Coalition welcomes the US Government's new principles for voluntary carbon markets (VCMs), asserting that high-integrity carbon credits are an integral part of a Paris-aligned solution. The Coalition emphasizes that VCMs should complement, not replace, the direct decarbonization of value chains, and should help direct finance toward nature-based solutions and the global south.
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Document type: Statement
Outcome Statement of the Ministerial Meeting of the 13 nation-states forming the Fossil Fuel Treaty Initiative
Ministers from 13 nations met on 26 May 2024 in Antigua and Barbuda to reaffirm their commitment to a Fossil Fuel Non-Proliferation Treaty. The group expressed concern that planned fossil fuel production by 2030 exceeds Paris Agreement limits and highlighted how debt burdens hinder the transition for small island nations. They agreed to establish an expert working group on financing a just transition and to seek legal advice on the most effective pathway to develop the treaty over the next 12 months.
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Document type: Statement
Focus on reducing methane pollution from all sources, not distractions over metrics
The report critiques the GWP* (Global Warming Potential Star) metric, arguing that while it may be useful for specific climate modeling, its application to national or sectoral policy is unfair and scientifically misleading. Unlike the standard GWP, which uses a zero-emission baseline, GWP* evaluates current emissions relative to past levels, potentially rewarding countries with historically high emissions and penalizing developing nations. The authors contend that this approach can be used to justify continued methane pollution, particularly in the livestock sector, and advocate for a 'multi-basket' approach that sets separate targets for short-lived pollutants like methane and long-lived gases like CO2 to ensure equitable and effective climate action.
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Document type: Research paper
Coordinating climate action among different international bodies
The text outlines the need for better coordination among international bodies to support the 'Mission 1.5' goal of the Paris Agreement. It highlights that while the G20 has a temporary Task Force on Climate Change and multiple working groups addressing climate issues, these efforts often operate in silos and lack alignment with other forums like the UN Summit of the Future. To address this, Plataforma CIPÓ recommends establishing a permanent G20 body for climate action and a permanent facility for regular dialogue between the G20, the COP Presidencies Troika, international financial institutions, and ECOSOC.
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Document type: Statement
TotalEnergies AGM: Why Patrick Pouyanné should not be re-elected
Reclaim Finance is calling for shareholders to vote against the re-election of TotalEnergies CEO Patrick Pouyanné at the May 24, 2024, Annual General Meeting. The organization argues that the company's strategy of developing new fossil fuel projects is incompatible with the 1.5°C warming limit and that management has ignored climate-related shareholder resolutions. Reclaim Finance highlights that TotalEnergies was the world's sixth-largest upstream oil and gas developer in 2023 and plans to allocate only 33% of capital expenditure to its low carbon and power division through 2028, while distributing 3.4 dollars to shareholders for every dollar invested in its integrated power business in 2023.
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Document type: Statement
AG de TotalEnergies : pourquoi ne faut-il pas réélire Patrick Pouyanné ?
Reclaim Finance is calling for shareholders to vote against the reelection of TotalEnergies CEO Patrick Pouyanné at the May 24, 2024 general meeting. The organization argues that the company's strategy is incompatible with the 1.5°C warming limit, noting that TotalEnergies was the sixth largest oil and gas developer globally in 2023. The document highlights a gap in investment, stating that only 33% of investments in the 2028 plan are allocated to the "electricity and new molecules" division, while 3.4 dollars were distributed to shareholders for every dollar invested in electricity in 2023. Reclaim Finance further claims that the company ignores climate-related shareholder resolutions, citing a 2023 resolution for Paris Agreement alignment that received 30.4% support but resulted in no significant action, followed by a plan to increase annual oil production by 2 to 3% by 2028.
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Document type: Statement
A Livable Climate Needs Help from Youth: The U.S. Can Foster It
The authors contend that youth are disproportionately affected by climate change and its associated security risks but remain excluded from formal policymaking. They propose three specific actions for U.S. leadership: including youth in the Paris Agreement negotiating team, utilizing youth engagement in public diplomacy and peacebuilding, and leveraging influence in international financial institutions like the World Bank to prioritize youth-led climate projects.
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Document type: Statement
Toolkit for Monitoring, Evaluation, and Learning for National Adaptation Plan Processes
The toolkit offers a framework for building MEL systems to ensure the effectiveness of National Adaptation Plan processes, avoid unintended negative effects, and support reporting requirements under the Paris Agreement.
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Document type: Guide
Supporting a just transition in Mexico needs reliable finance estimates
The document argues that Mexico's power sector transition requires a shift to entirely renewables-based capacity, estimating investment needs of approximately $180 billion USD for two separate decades leading up to 2040. It highlights the complexity of calculating compensation for the early retirement of fossil gas plants, noting that needs could range from negative values to $9 billion USD depending on the methodology. Finally, it emphasizes that a socially just transition for workers and regions must be country-driven and tailored to specific local contexts through stakeholder engagement.
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Document type: Research paper
Analysis Request for an Advisory Opinion from the International Court of Justice on the Obligations of States in Respect of Climate Change
The document argues that States have a legal obligation under international climate change law and human rights law to implement effective, science-based measures to mitigate climate change, specifically through the phase-out of fossil fuels and the regulation of non-state actors. It asserts that failure to do so constitutes an internationally wrongful act, triggering responsibilities for cessation of harm and full reparation, including financial compensation for loss and damage.
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Document type: Legal commentary
Boom and Bust Coal 2024
Global operating coal capacity increased by 48.4 GW in 2023, reaching a total of 2,130 GW, primarily driven by a surge of new plants in China. While construction starts hit record lows outside of China, China's new construction starts reached an eight-year high of 70.2 GW. Despite a growing number of countries committing to 'No New Coal', 75% of global operating coal capacity still lacks a specific closure commitment, hindering alignment with the Paris Agreement goals.
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Document type: Report
World leaders can no longer afford to overlook black carbon
The document highlights the severe economic and health costs of black carbon, noting that in China, short-term exposure in 2017 cost over US$7.5 billion and long-term exposure over US$53 billion. It asserts that reducing black carbon is a "triple win" that would protect glaciers, save millions of lives—including over 400,000 annually in India and nearly half a million in Sub-Saharan Africa—and improve gender equality by reducing the US$800 billion annual loss in women's productivity caused by unclean cooking fuels. Despite these benefits, the author notes that only 12 countries included black carbon targets in their first Nationally Determined Contributions (NDCs), and warns that transportation-related emissions in Africa could double by 2040.
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Document type: Statement
The G7 should set a goal to triple their renewable capacity
The G7 is urged to set a goal to triple its renewable energy capacity by 2030, as current collective targets only aim for a doubling. This alignment is presented as necessary to meet the global goal agreed upon at COP28 and to keep the 1.5C temperature goal within reach.
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Document type: Statement