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Global Landscape of Climate Finance 2021
Global climate finance reached USD 632 billion in 2019/2020, but growth has plateaued, with an increase of only 10% between 2017/2018 and 2019/2020. To meet 1.5 °C objectives by 2030, annual finance must increase by at least 590% to USD 4.35 trillion. Mitigation remains the primary recipient of funds, dominated by renewable energy, while adaptation finance is growing but remains almost exclusively public. Investment is heavily concentrated in East Asia and Pacific, Western Europe, and North America.
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Document type: Report
Understanding the Landscape ENERGIZING FINANCE 2021
The report finds that global investment for energy access is critically insufficient. Finance for electricity in high-impact countries (HICs) fell to USD 32 billion in 2019, while clean cooking commitments stagnated around USD 130 million, far below the USD 4.5 billion annual need. While grid-connected renewables became the top electricity sector in 2019, decentralized solutions remain severely underfunded. The report emphasizes the need for climate-resilient infrastructure, as seen in Mozambique, and explores divergent clean cooking pathways in Ghana (LPG) and Vietnam (biogas).
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Document type: Report
Is Climate Obstruction Different in the Global South? Observations and a Preliminary Research Agenda
The document argues that while climate obstruction is well-studied in the Global North, it remains largely unexplored in the Global South. It proposes ten research themes to analyze how developmentalism, political leadership, transnational links, and domestic energy policies contribute to the delay of climate action. The authors highlight the role of 'organized hypocrisy' where sovereignty claims are used to shield unsustainable practices, and note the influence of external donors and the potential for green technology to create new socio-ecological injustices.
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Document type: Briefing
101 NOBEL LAUREATES URGE COOPERATION TO STOP FOSSIL FUEL EXPANSION
101 Nobel Laureates call for an immediate end to the expansion of fossil fuel production and a fair phase-out of existing production to meet the 1.5°C temperature limit of the Paris Agreement.
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Document type: Statement
Taking Stock of National Climate Action for Forests 2021
The 2021 NYDF Assessment finds that while forests are recognized in the Paris Agreement, global forest loss is increasing and current government efforts are insufficient to meet 2030 targets. The report highlights a critical funding gap, where current investments cover only 5% of the required finance, and notes that government targets for high-mitigation potential countries capture only half of the available potential for emission reductions and carbon sinks. It further emphasizes that while legal frameworks for Indigenous Peoples and local communities (IPLC) exist, their implementation and tenure security remain weak, with only 11% of empowerment funding explicitly advancing tenure reform between 2011 and 2020.
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Document type: Executive summary
Scaling up climate finance in the context of Covid-19
The document argues that the financial system's current inertia and short-term bias prevent the redirection of private capital toward net-zero, climate-resilient economies. It emphasizes that limiting warming to 1.5°C is technically feasible but requires a dramatic scale-up of investment in energy, land, urban, and industrial systems. The report advocates for a dual approach of 'market fixing' (carbon pricing and risk disclosure) and 'market shaping' (de-risking and policy support) to overcome investment barriers. In the context of Covid-19, it highlights the risk of 'colourless' recovery packages entrenching fossil fuel dependence and proposes integrating NDCs into investment plans, alleviating debt through climate swaps, utilizing multi-sovereign guarantee funds, and expanding green bond markets to support developing nations.
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Document type: Report
UTILITY-SCALE RENEWABLE ENERGY MARKET INTELLIGENCE REPORT 2021
The report outlines the South African utility-scale renewable energy landscape, focusing on the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) and the Integrated Resource Plan (IRP) 2019. It highlights a significant transition from coal-dominated generation toward wind and solar PV, with an estimated potential market value of R418 billion for these technologies and distributed generation. Key opportunities include the continuation of REIPPPP bid windows, increased local manufacturing of components, and the growth of utility-scale battery storage. However, the sector faces barriers such as Eskom's financial instability, regulatory uncertainty, and the complexities of unbundling the national utility.
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Document type: Report
2021 Must Mark the End of International Support to Coal, Oil, and Gas
The statement argues that international public finance must shift from fossil fuels to clean energy to meet climate goals. It highlights that G20 members provide significantly more public finance to fossil fuels than to clean energy and calls for an immediate end to all new international public finance for fossil fuel projects across the entire value chain. The document urges governments and financial institutions to avoid loopholes, increase climate finance for the Global South, and prioritize low-income countries through debt relief and grant-based finance, specifically calling for a joint statement and leadership from the United Kingdom ahead of COP 26.
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Document type: Statement
État de la gouvernance environnementale mondiale 2021
The 2021 state of global environmental governance was characterized by a heavy reliance on voluntary commitments and a transition toward hybrid and virtual negotiation formats due to the COVID-19 pandemic. While some substantive outcomes were achieved—such as the finalization of the Paris Agreement rulebook at COP26 and the adoption of the Marseille Manifesto by the IUCN—many multilateral environmental agreements were limited to procedural decisions. The report highlights a growing gap between political promises and actual implementation, alongside increasing global inequalities in vaccine access and digital connectivity that hinder inclusive environmental governance.
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Document type: Report
State of Global Environmental Governance 2021
The 2021 state of global environmental governance was characterized by a shift toward voluntary pledges and a struggle to maintain multilateral progress during the COVID-19 pandemic. While some major meetings, such as the Glasgow COP, returned to in-person formats, many other processes remained in a 'maintenance mode' with only procedural outcomes. The report highlights a growing gap between environmental promises and action, exacerbated by systemic inequalities and vaccine disparity, which hinder the collective ability of states to address climate, nature, and pollution crises.
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Document type: Report
Climate Finance Day 2021 : notes complémentaires sur les annonces de Crédit Agricole et de Bruno Le Maire
The document critiques the French government's request for financial actors to adopt carbon intensity trajectories by March 2022, noting it avoids previous failed demands regarding fossil fuel exits. It specifically analyzes Crédit Agricole's new commitments, arguing that its exclusions for Arctic projects are poorly defined and its 20% portfolio exposure reduction by 2025 is limited because it excludes equity and bond issuances.
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Document type: Briefing
Questions écrites à Société Générale Assemblée générale 2021
The document consists of ten sets of questions and demands addressed to Société Générale, urging the bank to align its financing with the 1.5°C climate goal. The authors criticize the bank's continued support for coal (specifically mentioning Glencore and EPH), unconventional oil and gas, and projects in sensitive areas like the Arctic, the Amazon, and Mozambique. They also call for a zero-deforestation policy regarding imported soy and for the bank to vote against Total's climate strategy.
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Document type: Statement
SEforALL 3–YEAR BUSINESS PLAN 2021-2023
The SEforALL 2021-2023 business plan focuses on achieving SDG7 through a framework of 'COMMIT, CONNECT, CREATE' to drive energy transitions and access. The strategy emphasizes data-driven implementation, interdisciplinary integration between public and private sectors, and the mobilization of finance flows to ensure affordable, reliable, and sustainable energy for all.
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Document type: Executive summary
Understanding the Landscape ENERGIZING FINANCE 2021
The report finds that global investment for energy access is critically insufficient. Finance for electricity in HICs fell to USD 32 billion in 2019, with residential access receiving only USD 12.9 billion—less than one-third of the estimated USD 41 billion annual need. Clean cooking investment has stagnated around USD 130 million annually, far below the USD 4.5 billion required. While renewables saw record highs and fossil fuel finance declined in some areas, significant gaps remain, particularly in Sub-Saharan Africa. Case studies in Mozambique, Ghana, and Vietnam highlight the need for climate-resilient infrastructure and diversified technological approaches to clean cooking.
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Document type: Report
SEforALL 2021 Annual Monitoring Review
The 2021 Annual Monitoring Review details SEforALL's efforts to accelerate universal energy access and a just energy transition. Key achievements include the coordination of the UN High-level Dialogue on Energy (HLDE), which articulated over USD 600 billion in finance through more than 200 Energy Compacts. The organization provided targeted support to 27 countries, with significant focus on Nigeria, Rwanda, and Sierra Leone. While the COVID-19 pandemic delayed some deliverables and funding for certain programmes, SEforALL reported progress in electrifying 265 healthcare facilities and leveraging USD 216.9 million for sustainable cooling. The report also highlights the 'Women at the Forefront' initiative, which provided technical training to 100 women in Kenya.
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Document type: Report
Climate risks to trade and food security: implications for policy
The document argues that climate change creates systemic, transboundary risks to food security that cannot be managed through traditional national strategies like diversification. Using a 'stress test' methodology, it identifies critical vulnerabilities in the trade of maize, rice, wheat, soy, sugar cane, and coffee, highlighting that a few major exporters—such as the US, Brazil, and China—transmit significant risk to global consumers. The authors call for a shift from national adaptation to a cooperative multilateral approach, utilizing frameworks like the Paris Agreement's Global Goal on Adaptation and rethinking climate finance to target systemic resilience in global commodity markets.
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Document type: Policy brief
SITUACIÓN DEL MERCADO DEL CARBÓN E INCENTIVOS para su extracción y comercialización en Colombia
Colombia is the world's sixth-largest coal exporter, with the sector contributing approximately 1.1% of the national GDP and providing significant royalties. However, the global market is contracting as major importers in the Atlantic and Americas markets set phase-out dates for coal-fired power. While some industry associations suggest expanding into Pacific markets like China and India, high freight costs and those countries' own goals for carbon neutrality make this difficult. The Colombian government has historically supported the sector through various tax exemptions and incentives, such as the Plan Vallejo and Tax Refund Certificates. The report argues that Colombia must urgently diversify its economy and implement a just transition to mitigate the socio-economic risks of a structural decline in coal demand.
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Document type: Report
El papel del sector financiero en un escenario de eliminación gradual del carbón
The document examines the Colombian financial sector's integration of climate change into decision-making, highlighting that while some green finance initiatives exist, most private flows remain inconsistent with a low-carbon economy. It identifies significant risks of 'stranded assets' in Colombia's coal mining and power sectors, citing the cases of Prodeco and Cerrejón. The brief argues that financial institutions must move beyond symbolic commitments to tangible phase-out plans and provides examples of international banking policies that restrict coal financing to guide the Colombian sector toward a just transition.
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Document type: Policy brief
WWF Priority Actions for the Biden Administration and the 117th Congress
The document advocates for the US to lead global efforts in nature conservation and climate action. Key priorities include doubling investments in biodiversity programs, reducing US emissions by 50% by 2030, and protecting 30% of lands and waters by 2030. It also emphasizes pandemic prevention through the 'One Health' approach, combating illegal trade in wildlife and timber, and addressing plastic pollution through a binding international treaty.
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Document type: Fact sheet
Green Recovery and Green Jobs in Africa: The Case of Ghana
The document argues that the COVID-19 pandemic provides an opportunity for Ghana and other African nations to shift from natural resource-based development to a socially inclusive green economy. While Ghana has established frameworks like the National Green Jobs Strategy (2021–2025) and the National Climate Change Policy, its immediate pandemic recovery measures, such as the $17 billion Ghana-CARES programme, have focused on short-term stabilisation rather than structural greening. The author suggests that the G20 and multilateral institutions should condition medium-term financial support on green interventions to ensure a sustainable transition.
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Document type: Policy brief