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The document argues that central banks, particularly the European Central Bank (ECB), are failing to address the climate emergency despite their power to influence the financing of polluting versus green activities. It claims the ECB actively supports polluters through collateral frameworks and Quantitative Easing, which benefit fossil fuel and coal companies. While noting a growing awareness within the NGFS and the Banque de France, the text demands an immediate end to the financing of climate-destructive assets to ensure financial stability and meet European climate goals.

The document is a scoping study on municipal sustainability-related bonds, analyzing the allocation of proceeds and barriers to uptake to support the financing of sustainability goals in Swedish cities.

The author contends that the European Green Deal should not be treated as a separate environmental policy but as a geopolitical tool. By diversifying its economy and leading in clean technologies, the EU can reduce its vulnerability to pressure from the US and China and decrease its reliance on fossil fuel imports from authoritarian regimes. The text emphasizes that the transition must also address the stability of oil-dependent regions in the Middle East and North Africa and prevent internal EU divisions between East and West to avoid external interference.

The document examines the role of fixed-income instruments in funding waste management and circular economy initiatives. It highlights that while waste management is only the fourth largest category for green bond use of proceeds, there is significant latent potential and investor demand. The briefing details specific issuances from corporates and local governments in Europe, the US, and Asia, and discusses the barriers to scaling these markets, such as the lack of standardised definitions. It particularly emphasizes Japan's leadership in resource efficiency and the potential for green bonds to support its circular economy goals.

The report analyzes 49 green bonds totaling USD36bn issued in H2 2019. It finds that green bonds generally outperformed vanilla equivalents in terms of book cover and spread compression. Approximately 50% of these bonds were allocated to investors identifying as green. The analysis also highlights a 'greenium' (pricing inside the yield curve) for several bonds and examines the growing market for sovereign green bonds, where 12 governments had issued such instruments by December 2019.

Japan's green bond market saw record growth in 2019, with issuance increasing by 70% over 2018 to JPY786.7bn. Financial corporates dominate the market, and proceeds are primarily allocated to buildings, energy, and transport. The market is characterized by a high rate of external reviews, predominantly Second Party Opinions from Sustainalytics. The Ministry of the Environment (MOEJ) supports the market through guidelines, information platforms, and a financial subsidy programme for external review costs.

The policy brief estimates that the construction of the EF-170 Ferrogrão railway will induce the deforestation of 2,043 square kilometers of native vegetation in Mato Grosso if no mitigation measures are implemented. This land-use change is projected to release 75 million tonnes of carbon, representing an environmental cost of approximately US$ 1.9 billion, which is about 60% of the project's estimated implementation cost of US$ 3.1 billion. The analysis uses a 'market access' approach to show how improved logistics for grain producers will increase demand for land, specifically affecting 38 municipalities.

The document examines sub-national pooled financing mechanisms (SPFMs) as a tool for South African municipalities to access cost-effective private capital for infrastructure. While SPFMs have successfully mobilized billions in developed and emerging economies, they have not yet been implemented in Africa. In South Africa, the author identifies a mature bond market and appetite for municipal finance, but notes significant barriers including deteriorating municipal financial health, a lack of technical capacity, and limiting regulations from the National Treasury. The brief argues that the Development Bank of Southern Africa (DBSA) holds a near-monopoly on municipal lending and should lead de-risking efforts to catalyze a vibrant local government debt market.

The global green bond and green loan market reached a record USD 257.7 billion in 2019, a 51% increase over 2018. Growth was primarily driven by Europe, which accounted for 45% of global issuance. The USA, China, and France remained the top-ranked countries, together representing 44% of the market. Energy and Buildings were the dominant sectors for use of proceeds, each holding approximately 30% market share. Certified Climate Bonds grew by 86% to reach USD 45 billion, with cumulative certified issuance surpassing the USD 100 billion milestone. The market also saw increased diversification with debut issuances from emerging markets including Kenya, Barbados, and Saudi Arabia.

The paper finds that while green bonds can finance adaptation, they do so to a very limited extent, with mitigation receiving approximately 95% of current funding. Between March 2010 and April 2019, only 5% of all green bonds issued included adaptation as an eligible project category. The study identifies significant mismatches in geography, project scale, and the types of activities funded, noting that adaptation needs are often too small-scale or lack the revenue streams required for traditional bond issuance. Furthermore, a low level of corporate understanding of physical climate risk limits the adoption of these instruments. The author concludes that green bonds alone will be too slow to close the adaptation finance gap but can serve as awareness-raising tools to encourage broader risk management and investment.

The report investigates the potential for a new on-tax financing model (EuroPACE) to drive deep energy efficiency retrofits in European residential buildings. It identifies significant market failures, such as long payback periods and knowledge gaps, that hinder private investment. Through analysis of four target countries and three successful case studies (Energiesprong, Oktave, and KfW), the document highlights that success depends on low-cost, long-term financing and the ability to aggregate demand. It projects a total lending potential for EuroPACE of nearly €4bn over ten years across the four primary countries, provided that penetration and renovation rates increase.

The report concludes that the US model of ABS securitisation for PACE loans is not directly applicable to Europe due to regulatory differences, a lack of historical performance data for 'Simple, Transparent and Standardised' (STS) treatment, and diverse national legal frameworks. Instead, it recommends localised solutions such as covered bonds, residential mortgage-backed securities (RMBS), and aggregation platforms. The document provides a global market analysis of green bonds for low-carbon buildings and outlines standardisation principles for energy efficiency loans to attract institutional capital.

The report assesses the Philippines' green finance landscape, highlighting a strong private-sector-led green bond market and significant investment potential in renewable energy, low-carbon transport, sustainable water, and waste management. It details existing policy frameworks, such as the ASEAN Green Bond Standards, and provides a sample pipeline of 79 green projects to attract international and domestic capital.

The document argues that green investments in the Bełchatów region, primarily funded by the EU's Just Transition Mechanism (JTM), can generate significantly more employment than is currently provided by the Bełchatów Power Plant complex. It highlights that the lodzkie voivodeship could access up to PLN 45 billion in EU funds for 2021-2027, though this amount depends on a government pledge to reach climate neutrality by 2050. The highest job creation potential is identified in thermal retrofitting, solar, and onshore wind, with the potential to create 61,000 jobs from JTM funds alone.

The report finds that while renewable energy investment reached USD 322 billion in 2018, it must almost triple to USD 800 billion by 2050 to meet climate goals. Investment is heavily concentrated in China, the US, and Western Europe, with a dominance of solar PV and onshore wind. The private sector provides 86% of capital, primarily through project developers. Off-grid renewables, though growing, represent less than 1% of total energy access finance, with Sub-Saharan Africa as the primary destination.

The document argues that while there are signs of a transition to green economies—such as accelerating renewable energy deployment in China and India and the adoption of wellbeing budgets in New Zealand—the 'brown economy' still dominates. It highlights that fossil fuel subsidies (US$ 5.2 trillion) nearly equal the investment needed for Sustainable Development Goals (US$ 5-7 trillion). The report calls for a systemic shift from extraction to restoration and from GDP-centric measures to wellbeing and natural capital accounting, providing specific recommendations for governments, businesses, and civil society to accelerate a just transition.

The report details a three-day event focused on 'Local Green Enterprises' (LGEs)—MSMEs that prioritize nature, resource efficiency, and social justice. It examines global green economy trends, applies Gandhian philosophy to local development, and identifies sector-specific roadblocks in India. The document concludes with the 'Delhi Declaration,' which calls for the Government of India to improve public procurement, provide affordable credit, and recognize Triple Bottom Line (TBL) impacts for LGEs.

The 2020 Global Green Economy Barometer evaluates the shift toward sustainable and equitable economic systems. While it notes accelerating energy transitions, a rise in green bonds, and the emergence of wellbeing budgets in countries like New Zealand, it argues that the 'brown economy' still dominates. The report highlights that fossil fuel subsidies reached US$ 5.2 trillion in 2017 and that global energy intensity is declining at only 0.4% per year, far below the 4-10% needed for mid-century decarbonization. It calls for systemic reforms to move beyond GDP, value natural capital, and ensure a just transition for marginalized populations.

The document argues that the Climate Bonds Initiative's (CBI) proposed hydropower criteria are insufficient and risk channeling climate finance toward projects that harm biodiversity and human rights. It specifically criticizes CBI's reliance on the International Hydropower Association (IHA) for assessment tools, claiming this creates a conflict of interest and underestimates greenhouse gas emissions, particularly methane from tropical reservoirs.

The document advocates for a shift from stationary water management—which relies on historical data—to a resilience-based approach that combines robustness and flexibility to address the deep uncertainties of a changing climate. It proposes an Action Framework for Climate-Resilient Water Management across four domains: governance and participation, information and learning, system diversity and connectivity, and infrastructure and technology. The authors emphasize that water is a systemic resource linking food security, public health, and energy, and argue that economic and financial tools, such as green bonds and index-based insurance, must be updated to value resilience over short-term cost-optimization.