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SCALING UP PRIVATE SECTOR ACTION ON CLIMATE CHANGE
The document argues that current corporate GHG accounting often conflates physical inventories with market-based performance accounting, leading to opacity and lackluster climate finance. By analyzing the Paris Agreement's architecture—which strictly separates national physical inventories from market-based 'emissions balances'—the authors propose a more robust corporate framework. Key recommendations include adopting dual-ledger reporting, establishing governance bodies for accreditation of market instruments, and implementing standardized biennial reporting to track annual progress toward net-zero targets rather than focusing solely on a single target year.
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Document type: Research paper
INSIDE THE CSRD CLIMATE REPORTS
The report analyzes the first wave of CSRD climate reports from 93 large EU companies, finding that while limited assurance is standard, many companies are restating or erasing historical data to improve quality. It identifies a trend toward integrating sustainability internal controls with financial systems and notes that while GHG reporting is improving, monetized climate risk and opportunity reporting remain rare. The document also evaluates the adoption of the EU Taxonomy and the reporting of political lobbying and climate-related executive incentives.
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Document type: Report
Capacity Needs for Greenhouse Gas Measurement and Performance Tracking
The document outlines the objectives of the Measurement and Performance Tracking (MAPT) project, which aims to enhance the ability of developing countries to measure greenhouse gas (GHG) emissions and track progress toward low-carbon development goals. It details scoping research conducted in Brazil, Colombia, Ethiopia, India, South Africa, and Thailand to identify capacity needs and common challenges. The paper emphasizes that such systems are essential for domestic policymaking, international reporting, facilitating climate finance, and generating carbon credits.
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Document type: Research paper
Making joint implementation work
The report analyzes the institutional infrastructure required for countries to host climate-friendly development projects under the Kyoto Protocol's JI and CDM mechanisms. Based on experiences in Central and Eastern Europe, it identifies three critical requirements for viable programs: accurate baselines for credit transfer, alignment with national development plans, and the reduction of high transaction costs.
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Document type: Report
Unlocking Private Climate Investment
The paper analyzes the roles of OPIC and Ex-Im Bank in climate finance, noting that together they intermediated 37% (over $2 billion) of total US assistance to developing countries for climate activities between 2010 and 2012. It argues that tailoring financial instruments—such as loans, guarantees, and insurance—to specific sectoral risks can unlock private finance. The authors highlight a complementary relationship where OPIC often acts as a first-mover for high-risk projects, while Ex-Im Bank provides inexpensive concessional debt for more established players. Recommendations include increasing instrument flexibility, addressing institutional barriers like employee incentives and staffing, and improving coordination between public financial institutions to streamline due diligence and co-financing.
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Document type: Research paper
Briefing Paper – Climate Finance, Carbon Pricing, and Data Disclosure
The briefing examines the climate policy landscapes of the U.S. and China, noting that while the U.S. lacks a national carbon price, it has significant subnational activity. China has established the world's largest emissions trading scheme (ETS) but maintains that it is not obligated to provide international climate finance as a developing nation. Both countries are advancing corporate climate disclosure rules, though they differ on the requirement for Scope 3 emissions. The paper suggests cooperation on sustainable procurement, data standards for emission accounting, and subnational carbon market exchanges.
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Document type: Briefing
Cómo los mercados de carbono subestiman sistemáticamente los beneficios climáticos de los bosques tropicales
The report contends that carbon markets focus exclusively on greenhouse gas emissions, failing to account for biophysical processes—such as evapotranspiration and albedo—that make tropical forests critical for cooling the planet. This omission leads to overly conservative credit valuations for tropical nations and indigenous communities, while potentially overvaluing credits from higher latitudes. The authors suggest integrating these biophysical benefits as premium attributes or CO2 equivalents to ensure a just transition and better incentivize large-scale forest conservation.
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Document type: Report
How carbon markets systematically undervalue tropical forests’ climate benefits
The research paper contends that carbon markets focus exclusively on greenhouse gas (GHG) emissions and removals, failing to account for the biophysical processes of tropical forests—such as evapotranspiration and albedo—that contribute significantly to global cooling. This omission leads to overly conservative crediting for tropical regions and an underestimation of their mitigation potential, which the authors estimate could provide an additional 1.4 to 1.8 gigatons of CO2-equivalent annual mitigation. The paper also highlights the concept of 'positive biophysical leakage,' where protecting forests enhances the resilience of surrounding landscapes against wildfire and drought. To address these inequities, the authors recommend that norm-setting bodies balance risk assessments, allow for premium pricing based on non-carbon attributes, and work toward quantifying biophysical effects as CO2 equivalents.
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Document type: Research paper
Comment les marchés du carbone sous- estiment-ils systématiquement les bénéfices pour le climat des forêts tropicales
The report contends that carbon markets focus exclusively on greenhouse gas emissions, ignoring four key biophysical processes—albedo, evapotranspiration, surface roughness, and aerosols—that allow tropical forests to cool the planet. This omission leads to a significant underestimation of the climate mitigation potential of tropical forests, which the authors claim contribute 50% more to global warming prevention than carbon alone. The document highlights that conservative risk-management standards (such as additionality and leakage tests) further penalize tropical forest credits, particularly in High Forest Low Deforestation (HFLD) countries. It proposes that these non-carbon benefits be treated as additional attributes for pricing or eventually quantified as CO2 equivalents to ensure a more equitable transition for indigenous peoples and local communities.
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Document type: Report
Case Study: Humbo, Ethiopia
The Humbo project in Ethiopia restored 2,700 hectares of land from 2006 onwards using Farmer-managed natural regeneration (FMNR), a low-cost method where farmers prune native tree stumps and root systems. Supported by World Vision and the World Bank's BioCarbon Fund, the project integrated carbon sequestration payments with community-led land management. Key success factors included secure land rights, the use of endemic species, and the creation of community cooperatives. While the project improved soil health, reduced erosion, and increased firewood availability, it faced challenges regarding the high transaction costs of Clean Development Mechanism (CDM) compliance and delays in carbon payments.
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Document type: Case study
Kipster’s Journey toward US Expansion
Kipster is expanding its circular egg production model from the Netherlands to the US, partnering with MPS Egg Farms and The Kroger Co. The model focuses on using surplus food for feed, achieving carbon neutrality through renewable energy and offsets, and improving animal welfare by raising roosters for meat instead of culling them. In the US, the operation is based in Indiana, utilizing pasta surplus and other by-products to reduce land use and greenhouse gas emissions.
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Document type: Case study
Reducing Greenhouse Gases with Incentives at the Farm
The report identifies that over 70% of food-related GHG emissions occur on-farm, making agricultural interventions critical for meeting global climate goals. It categorizes incentives into five types: price premiums, financing, knowledge sharing, new products/markets, and contracting. While examples like the Bayer Carbon Initiative and the Cool Soil Initiative show promise, the report notes significant challenges in scaling these programs for commodity markets and the technical difficulties of measuring farm-level emissions.
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Document type: Report
An Environmental and Economic Path Toward Net Zero Dairy Farm Emissions
The report argues that large-scale US dairies can reach net zero emissions within five years by integrating specific technologies and practices, potentially increasing annual net returns to $1.9 million per dairy. Key strategies include precision agriculture, feed additives to reduce enteric methane, and anaerobic digesters that convert manure and organic substrates into renewable energy and fertilizers. The analysis emphasizes that while technologies exist, achieving these goals requires significant policy shifts, such as expanded water quality trading markets and improved EPA processing of renewable fuel pathways.
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Document type: Report
Environmental and Social Management Framework & Process Framework & Indigenous Peoples Planning Framework
The document provides a comprehensive management framework for the 'Blue Horizon' seaweed aquaculture project in the Philippines, specifically focusing on the Zamboanga Peninsula and Green Island, Palawan. It outlines the procedures for identifying and mitigating adverse environmental impacts—such as sea turtle entanglement and pollution—and social risks, including the marginalization of women and potential job losses for seaweed collectors. The framework integrates WWF's Safeguards Integrated Policies and Procedures (SIPP) with Philippine national laws to ensure the protection of indigenous groups, such as the Cuyunon and Subanen, through Free, Prior and Informed Consent (FPIC) and Livelihood Restoration Plans (LRP). It defines the institutional roles of SEAFDEC, BFAR, and WWF, and establishes a formal Grievance Redress Mechanism (GRM) to handle stakeholder complaints.
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Document type: Report
Environmental and Social Management Framework & Process Framework
The ESMF and PF provide a structured approach to managing the environmental and social impacts of expanding seaweed aquaculture in Vietnam's Ninh Thuan and Khanh Hoa provinces. The project, funded by the GEF and implemented by WWF, aims to create sustainable seaweed value chains while ensuring that site-specific risks—such as the entanglement of sea turtles, social tensions over resource access, and the marginalization of women—are mitigated through participatory planning and site-specific management plans.
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Document type: Report