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The document argues that Indonesia can accelerate its energy transition by redirecting fossil fuel subsidies and taxes—potentially raising up to IDR 166 trillion annually—into renewable energy, grid modernization, energy efficiency, and remote energy access.

The document argues that SMBC's role as a financial advisor and lead arranger for the EACOP project contradicts its own environmental and human rights commitments. It highlights risks including human rights abuses, biodiversity loss, and the potential for the pipeline to become a stranded asset in a net-zero transition. The authors warn that continuing this support could lead to greenwashing accusations, legal liability for directors under Japanese law, and severe reputational damage, especially as other global financial institutions withdraw their support.

The global GSS+ bond market reached a cumulative issuance of $3 trillion by Q1 2022, despite a nearly 30% year-on-year decline in quarterly issuance due to interest rate hikes and the Russia-Ukraine war. While green and social bonds saw significant decreases, sustainability-linked bonds (SLBs) grew by over 100%, with 61% of their KPIs linked to greenhouse gas emission targets. China led global green bond issuance in Q1 2022, and the period saw the emergence of the first sovereign SLB from Chile and the first public sector SLB from the city of Helsingborg.

The report finds that the global steel industry is not on track to meet IEA Net-zero 2050 targets, as the shift from carbon-intensive BF-BOF to cleaner EAF technology is too slow. Current capacity under construction is more heavily weighted toward BF-BOF than the existing operating fleet. Asia, particularly China and India, is the primary hotspot for new BF-BOF capacity. This trend creates a significant stranded asset risk estimated between 345 and 518 billion USD. Additionally, the report highlights that accounting for coal mine methane could increase the sector's reported emissions footprint by 27%.

The report examines the economic opportunities of transitioning to net-zero emissions by 2050 across several major economies. It argues that public investment can drive innovation and growth through signalling, crowding-in private capital, and reducing unit costs. While fossil fuel-exporting nations like the US, Canada, and Indonesia may face long-term GDP losses as global demand for hydrocarbons falls, the report finds that most subject economies—including the EU, UK, India, Japan, and South Africa—experience net gains in GDP and employment. The transition is predicted to significantly reduce household expenditure on fossil fuels, improve public health by reducing pollution, and enhance energy security, particularly for the EU in the context of reducing dependence on Russian gas.

Reclaim Finance asserts that Crédit Agricole's claim to be a "green bank" is contradicted by its continued support for oil and gas expansion, which violates the International Energy Agency's Net Zero scenario and IPCC findings.

Reclaim Finance criticizes Crédit Agricole for continuing to support oil and gas expansion despite its claim to be a "green bank" and its commitment to carbon neutrality by 2050. The organization highlights that the bank provided $33 billion to the 100 largest fossil fuel developers since the Paris Agreement and remains the primary financial supporter of TotalEnergies, including a recent $8 billion revolving loan. Reclaim Finance calls on the bank to use its general assembly and upcoming strategic plan to end support for new fossil fuel projects and to vote against incompatible climate plans of oil majors through its subsidiary Amundi.

The report examines transboundary climate risks—indirect, cascading, and cross-border impacts—and their specific relevance to the Nordic region, which is highly exposed to international connections. It suggests that building resilience requires deepened cooperation between Nordic governments, businesses, and international stakeholders to address risks such as food price volatility, supply chain disruptions, and forced migration.

Reclaim Finance criticizes Société Générale for continuing to finance fossil fuel expansion despite its 2050 net-zero commitment. The organization highlights loopholes in the bank's policies that allow continued support for conventional oil and gas, shale oil and gas, liquefied natural gas (LNG) infrastructure, and coal mining through diversified companies.

The executive summary outlines a strategy for Canada to reach carbon neutrality by shifting from fossil fuels to clean electricity. It emphasizes the need for a massive expansion of electricity production capacity, the acceleration of wind and solar deployment, and the implementation of 'electro-federalism'—a coordinated policy approach across all levels of government to manage the transition and ensure equity.

China's green bond market experienced record growth in 2021, driven by the nation's '30·60' climate targets and the 14th Five-Year Plan. Annual issuance aligned with Climate Bonds definitions reached USD 68.2 billion, making China the second largest green bond market globally. The market saw a significant shift as non-financial corporates became the primary source of supply, overtaking financial corporates. Over 60% of the use-of-proceeds was directed toward renewable energy. The report also highlights the emergence of carbon neutrality bonds and transition finance as key tools for decarbonizing high-emitting sectors.

The 2021 Chinese green bond market experienced significant growth, with total labeled issuances reaching $109.5 billion. Non-financial enterprises became the dominant issuer type for the first time, and over 60% of funds were directed toward renewable energy. While the market is expanding rapidly, the report highlights a continued reliance on state-owned enterprises and a need for improved transparency and transition finance frameworks to meet long-term climate targets.

The report argues that Canada's electricity systems must become "bigger, cleaner, and smarter" to serve as the backbone of a net zero economy by 2050. It identifies 'safe bets'—commercially available solutions like wind, solar, and energy efficiency—and 'wild cards'—emerging or high-barrier technologies like small modular reactors and carbon capture. The analysis emphasizes that while technical pathways exist, significant social, political, and institutional barriers, such as interregional grid integration and local opposition, must be overcome. It also highlights the unique challenges faced by remote communities and the necessity of Indigenous leadership in the energy transition.

The report identifies four critical barriers to Canada's electricity transition: misaligned federal climate policies, lack of provincial institutional coordination, potential electricity rate increases, and insufficient interregional connectivity. To overcome these, it advocates for a combination of federal carbon pricing reform, the implementation of national performance standards, and the use of negotiated agreements where federal funding is tied to provincial governance reforms. Key recommendations include clarifying the mandates of provincial regulators to include climate goals, developing comprehensive energy plans, and utilizing the tax base rather than just electricity rates to fund infrastructure and support low-income households.

The report argues that Canada's electrical systems must become "plus grands, plus propres et plus intelligents" (larger, cleaner, and smarter) to support national carbon neutrality by 2050. It identifies 'safe bets' (valeurs sûres)—such as expanding wind and solar capacity, improving energy efficiency, and phasing out unabated fossil fuels—and 'risky bets' (paris risqués), including small modular reactors and carbon capture and storage (CCS). The analysis emphasizes that while technical solutions exist, significant social, institutional, and political barriers remain, particularly regarding interregional grid integration and Indigenous leadership in the energy transition.

The report argues that a 'big switch' to clean electricity is essential for Canada's net zero transition, requiring a substantial increase in generation capacity, the phase-out of unabated fossil fuels, and enhanced system flexibility. It identifies significant barriers, including uncoordinated federal and provincial policies, potential electricity rate increases, and limited interregional grid integration. To overcome these, the authors propose 'electric federalism'—a coordinated approach where the federal government provides financial support and a clean electricity standard in exchange for provinces updating institutional mandates and energy plans.

The report challenges the "carbon neutral" claim of the 2022 FIFA World Cup in Qatar, finding that the estimated 3.6MtCO2e footprint likely underestimates actual emissions due to flawed accounting of stadium construction. It further argues that the carbon credits provided by the Global Carbon Council lack integrity due to non-additionality and that the event's mitigation measures, such as a desert turf farm, are not durable.

The report examines why China's coal power capacity continued to grow between 2016 and 2020 despite decarbonization goals, citing both surface-level needs (supply security, heating) and deep-seated drivers (local government enthusiasm, rigid dispatch mechanisms). It argues that coal power must transition into a 'supportive role' providing flexibility and backup for wind and solar. To achieve this, the authors suggest four policy entry points: breaking path dependency by curbing local government enthusiasm, reforming electricity markets to incentivize flexibility, coordinating coal and electricity policies to ensure supply security, and adopting a reflexive, inclusive governance model.

The briefing concludes that ENI is not on track for the 1.5°C climate goal, as its cumulative greenhouse gas emissions are projected to exceed its allocated carbon budget by at least 13.6% by 2050. The analysis finds that ENI's short-to-medium term plans are incompatible with 1.5°C because the company continues to invest in oil and gas expansion, with production expected to grow until 2025. Furthermore, the report argues that ENI relies unsustainably on carbon offsets and Carbon Capture Use and Storage (CCUS) to meet its targets, while its capital expenditure remains heavily focused on fossil fuels despite claims of diversification.

The briefing concludes that Shell's strategy is not on track to meet the 1.5°C climate goal, predicting the company will exceed its allocated carbon budget by 2034. Despite a net-zero ambition for 2050, the analysis finds that Shell's short-term plans rely on unrealistic offsets and continued investment in oil and gas expansion. The report highlights that Shell remains a top global hydrocarbon developer, with approximately 90% of its 2022 CAPEX allocated to fossil fuels, which contradicts the deep emission cuts required for 1.5°C alignment.