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The Energy Supply Financing Ratio (ESFR) compares a bank's financing of fossil fuels against its financing of sustainable alternatives, with a target ratio of 6:1 by 2030 based on IEA scenarios. Reclaim Finance warns that varying methodologies allow banks to present misleading ratios, often by excluding capital market activities or including fossil-fuel-related technologies like CCUS in 'low-carbon' scopes. While some North American and French banks have begun publishing these ratios, significant gaps in transparency and scope persist.

The document highlights a commitment by the Caisse Centrale de Réassurance (CCR) in June 2026 to cease new investments in companies developing new oil and gas projects. It argues that this is a necessary preventive measure to avoid financing the drivers of global warming, which in turn increases the climate risks these entities underwrite. Reclaim Finance calls on other European public-private schemes—specifically Flood Re (UK), Consorcio de Compensacion de Seguros (CCS, Spain), and SACE (Italy)—to adopt similar investment policies and use their leverage with asset managers and insurance clients to combat fossil fuel expansion.

Reclaim Finance calls on European public reinsurers, specifically Flood Re (UK), CCS (Spain), and SACE (Italy), to follow the example of France's Caisse Centrale de Réassurance (CCR) by committing to cease new investments in companies developing new oil and gas projects. The document asserts that financing fossil fuel expansion contradicts the mandate of these entities to preserve the insurability of climate risks, noting that a world warming by 3°C would render such risks untransferable to the insurance sector. It highlights that bonds make up between 70% and 97% of the financial asset portfolios of these public reinsurers, providing a significant lever for change. Furthermore, the author urges these actors to demand alignment from their asset managers and to integrate financial incentives or strict conditions into reinsurance contracts for insurance clients that continue to support fossil fuel development.

The document analyzes the rising trend of greenwashing litigation and regulatory enforcement against companies using carbon credits to claim carbon neutrality. It highlights a divergence between the European Union, UK, and Australia—where courts and regulators are increasingly skeptical of offsetting—and the United States, where outdated guidelines and judicial reluctance have created a more fragmented enforcement landscape. The briefing concludes that companies face growing financial and reputational risks and should shift from compensation-based claims to genuine internal emissions reductions.

The author analyzes the shift from a period of 'climate cultural hegemony' following the 2015 Paris Agreement to a current phase of 'ecological backlash' driven by fossil capital and reactionary politics. To counter this, the text proposes a strategic shift where the energy transition is viewed not only as an ethical necessity but as a matter of national and continental sovereignty. Key recommendations include accelerating large-scale renewable projects, relocalizing the extraction of critical raw materials within Europe to reduce dependence on third countries like China, and diversifying strategic alliances through multilateralism.

The Gitanyow people developed the Wilp Sustainability Assessment Process (WSAP) and a corresponding climate test to exercise sovereignty and protect their territory from the shortcomings of colonial environmental impact assessments. Refined in 2023, the climate test uses 13 specific criteria and a scoring grid to assess project performance, including carbon pollution and alignment with the Paris Agreement. The process has been applied to three projects, including the Eskay Creek mine and the Ksi Lisims LNG project, demonstrating a shift toward Indigenous-led impact assessments and legal pluralism in Canada.

The report analyzes the impact of Brazilian livestock on methane emissions, specifically enteric fermentation, and proposes a multi-axis strategy to increase productivity while reducing emissions. It highlights the potential of pasture recovery, genetic improvement, dietary additives, and integrated systems to decouple livestock growth from deforestation and climate impact.

The report analyzes the impact of Brazilian cattle ranching on greenhouse gas emissions, specifically methane from enteric fermentation, which accounts for approximately 60% of national methane emissions. It proposes a four-axis framework for transformation: improving land use and pasture condition, increasing biological productivity through genetics and health, enhancing feed and manure management, and optimizing production system management. The document highlights that extensive ranching, predominant in the North and Midwest, often suffers from low productivity and is linked to deforestation. It recommends integrating methane reduction targets into the Agricultural Plan (Plano Safra), strengthening the link between rural credit and technical assistance, and improving supply chain traceability to decouple cattle growth from land expansion.

The report examines the state of Colombia's electricity transmission infrastructure in 2025, highlighting a critical gap between the rapid expansion of renewable energy generation and the slow deployment of the transmission grid. It details the regulatory structure of the National Interconnected System (SIN), the processes for capacity allocation, and the systemic delays in project execution caused by socio-environmental and licensing hurdles. The document warns that the system is approaching operational limits, with significant short-circuit capacity exhaustion and regional grid strain, particularly in the Caribbean area. It emphasizes the need to implement a strategic portfolio of 98 projects to ensure the energy transition and meet long-term demand projections.

The Canadian Climate Institute evaluates recent federal climate policy developments, expressing concern over industrial carbon pricing while emphasizing the critical importance of upcoming vehicle emission standards. The author argues that for Canada to meet its goal of emission reductions equivalent to a 75% electric vehicle (EV) adoption rate by 2035, the government must ensure policy details are sufficiently strict and avoid excessive compliance flexibilities. The document highlights the global trend toward EVs, noting that China's rapid adoption and the resulting decline in global oil demand threaten Canada's automotive and oil sectors if the country fails to transition effectively.

The document argues that TotalEnergies SE has misled investors by claiming alignment with the Paris Agreement while continuing to increase fossil fuel production. It highlights the systemic financial risk climate change poses to global portfolios and asserts that TotalEnergies' disclosures—including claims about the role of natural gas as a transition fuel and the 'substitution' argument for continued extraction—are inaccurate. The authors call for an AMF investigation into potential breaches of the AMF General Regulations, the European Market Abuse Regulation (MAR), and the French Monetary and Financial Code.

WWF advocates for the Greenhouse Gas Protocol (GHGP), Science Based Targets initiative (SBTi), and ISO to refine their standards to incentivize continued corporate action even when companies struggle to meet targets, particularly regarding scope 3 emissions. Using McDonald's as an example of transparency, WWF suggests that companies should be honest about shortfalls while recommitting to long-term net-zero goals and investing in supply chain resilience.

Earthjustice's Counter/Act report details its multifaceted legal and advocacy response to the second Trump administration's environmental policy rollbacks. The organization has scaled up litigation, launched a dedicated enforcement team to fill gaps in federal oversight, and shifted focus toward state-level protections for clean energy and public health. Key achievements include defending electric vehicle infrastructure, challenging the repeal of the endangerment finding, and securing state-level wins on landfill emissions in Colorado and environmental justice laws in New Jersey.

Eleven civil society organizations, including Reclaim Finance, have called on Agirc-Arrco, ERAFP, and the Fonds de réserve pour les retraites to cease supporting fossil fuel expansion. The signatories argue that continued investments, particularly through bonds and external managers like BlackRock, exacerbate climate change and expose portfolios to financial risks. They specifically highlight TotalEnergies' recent climate setbacks, including the abandonment of its 2050 carbon neutrality goal in March 2026, as evidence that shareholder dialogue is insufficient. The letter demands an immediate end to new investments in oil and gas projects, systematic voting against directors of expanding fossil fuel companies, and the implementation of science-based climate criteria for selecting external asset managers.

In 2025, global coal capacity increased by 3.5% while production fell by 0.6%, as coal is increasingly used as 'system insurance' rather than a primary energy source. This trend is most prominent in China and India, where renewables are meeting new demand despite record coal plant commissioning. Globally, the number of countries proposing new coal plants dropped to 32. In Indonesia, coal expansion continues through 'captive' plants for nickel and aluminium industries, reaching 20 GW, while national energy plans (RUKN and RUPTL) are criticized for maintaining fossil fuel dependency and lacking a clear phase-out roadmap despite official net-zero commitments.

In 2025, global coal capacity increased by 3.5% while generation fell by 0.6%, reflecting a trend where coal plants are increasingly used as backup reserves rather than primary energy sources. This divergence is most acute in China and India, where record capacity additions coexist with falling generation due to the rise of wind and solar power. While the number of countries proposing new coal projects declined from 38 to 32, political interventions in the US and EU delayed planned retirements. Regionally, Latin America reported no new projects, while Russia and Kazakhstan continue to integrate coal into their long-term energy security strategies despite international financing constraints and sanctions.

The document provides a technical annex detailing how the International Institute for Sustainable Development (IISD) calculated the energy, economic, and emissions profiles of nine major Indian state-owned enterprises for FY 2024–25. It specifies the PSUs covered—including Coal India Limited, NTPC, and ONGC—and explains the methodology for estimating Scope 3 emissions, energy flows, and progress toward net-zero and renewable energy targets.

In 2025, global coal capacity increased by 3.5% while production fell by 0.6%, as coal is increasingly used as 'system insurance' rather than a primary energy source. While the number of countries pursuing new coal projects dropped to 32, China and India continue massive expansions. In Indonesia, the growth of captive coal plants for nickel and aluminium processing contradicts national climate commitments, with the RUPTL 2025-2034 continuing to plan for on-grid coal investment despite a formal moratorium.

The report argues that electrifying household energy use—specifically through electric vehicles (EVs), heat pumps, and electric appliances—is the most cost-effective path for Canada to reach net zero emissions. While electricity prices have remained more stable than volatile fossil fuel prices, the transition requires government intervention to overcome upfront costs and infrastructure gaps. Modelling suggests that by 2050, electricity could meet 73% to 91% of residential heating loads and over 96% of total vehicle kilometers travelled. To support this, the report recommends policies to increase consumer uptake and a massive build-out of clean electricity generation, which may need to double or triple by 2050.

The Canadian Climate Institute emphasizes the necessity of the Clean Electricity Regulations (CER) to provide market stability and ensure carbon neutrality by 2050. It highlights the need to double or triple grid capacity to support electrification and warns that federal standards are required to prevent provincial setbacks and manage demand from data centers and industry. The text specifically notes the importance of negotiating an equivalence agreement with Alberta to ensure provincial policies achieve the same emission reductions as the federal regulation.