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The 2026 Private Equity Climate Risks Scorecard reveals that 20 private equity firms, managing $7.3 trillion in assets, back 244 energy companies operating over 1,050 fossil fuel assets. These portfolios generate approximately 1.5 gigatons of annual greenhouse gas emissions, a volume that exceeds the emissions of the international shipping and aviation industries and ranks fifth globally, behind China, the U.S., India, and Russia. The report highlights that these firms own 15,000 miles of pipelines and 124GW of capacity across 324 fossil fuel plants. Furthermore, an analysis of dedicated oil and gas private equity funds active since 2001 indicates poor financial performance, with inflation-adjusted returns being negative on average. The document concludes that most of the studied firms have made limited progress in aligning their portfolios with climate standards to mitigate climate and financial risks.

The document outlines Rwanda's transition from a low-income country to its aspirations for high-income status by 2050. It details the 'Vision 2050' strategic plan, which focuses on human development, competitiveness, agriculture, urbanisation, and state institutions. While Rwanda has seen significant GDP growth—averaging 7.2% from 2009 to 2019—it faces structural challenges including high inflation, rising external debt, and a large informal sector. The report also notes the role of the Rwanda Energy Group and the use of Lake Kivu for biogas extraction to meet energy needs.

The document argues that the 2022 Brisbane and 2022/23 Kimberley floods were made more likely and impactful by human-caused climate change, specifically through increased ocean temperatures, more frequent multi-year La Niña events, and higher atmospheric moisture. It concludes that while the frequency of some weather systems may decrease, the intensity of rainfall and flooding is expected to increase, potentially leading to prohibitive costs for protection and insurance in flood-prone zones.

The report finds that between 2019 and 2025, 240 global banks provided US$590.8 billion to the top fifteen petrochemical companies, with a high concentration of funding from US, Japanese, Chinese, German, and UK institutions. Institutional investors held US$146.6 billion in exposure to these companies as of September 2025, dominated by US-based asset managers like Vanguard and BlackRock. The document argues that this financing persists despite structural risks such as overcapacity and collapsing profit margins, and often contradicts the public climate commitments of the financial institutions involved.

The document analyzes the 2026 review of the IMF and World Bank's Low-Income Country Debt Sustainability Framework (LIC-DSF). While acknowledging improvements in domestic debt treatment and country heterogeneity, it argues that the framework fails to conceptually separate public debt sustainability from external sustainability. The authors recommend a 'two-instrument approach' where the LIC-DSF serves as a public DSA and is complemented by a dedicated external DSA to better inform borrowing, fiscal rules, and debt restructuring decisions.

The report concludes that while Mauritania's macroeconomic indicators are trending upwards, growth remains heavily dependent on the extractive sector and is hindered by poor infrastructure, weak governance, and climate change risks. It recommends a holistic development strategy focusing on climate resilience, public finance efficiency, human capital investment, and economic diversification to leverage the country's resource endowments and youthful population.

The report concludes that Africa's current development trajectory is insufficient to meet Agenda 2063 and SDG goals, with 19.1% of the population projected to remain in extreme poverty by 2043. It argues that a 'Combined scenario' of coordinated reforms—including the full implementation of the AfCFTA, improved governance, and an accelerated energy transition—could lift GDP to nearly US$9 trillion and reduce extreme poverty to 10.9% by 2043. Key recommendations include doubling or tripling annual energy buildout through renewables and regional power pools, and prioritizing industrialization in agro-processing and mineral beneficiation.

The report highlights that the Maryland State Retirement and Pension System (SRPS) has a high allocation to private markets, which obscures significant climate risks due to the opacity of these investments. It identifies specific exposure to fossil fuel assets through managers like BlackRock's Global Infrastructure Partners (GIP) V and recommends the adoption of science-based climate targets and increased disclosure to mitigate financial risk.

The project aims to build a 'climate risk protection shield' for 840,000 individuals in Zambian smallholder households by transitioning from aid-dependent interventions to self-sustaining markets. It consists of three components: restructuring the insurance sector through a not-for-profit reinsurance cell, strengthening the indigenous tree seedling supply chain via a national certification system and 1,000 nurseries, and utilizing the One Acre Fund platform to provide climate-resilient inputs and training to 65,000 households. The total investment is USD 30,261,554, including USD 5,261,554 in co-financing from One Acre Fund.

The report finds that climate-driven hazards like extreme rainfall and heat stress will drive infrastructure costs to $14 billion per year by the 2050s and $19 billion by 2085 without adaptation. Proactive adaptation, requiring an average annual investment of $4.1 billion, could lower total costs by nearly $9 billion per year compared to no adaptation and over $4 billion compared to reactive adaptation. The analysis emphasizes that early action improves budget predictability and avoids cascading economic disruptions, though it notes that upgrades to existing assets must be supplemented by new protective infrastructure like dikes.

The report identifies significant fossil fuel exposure within the Maryland State Retirement and Pension System's (SRPS) private market allocations, which comprise approximately 41% of its $74 billion in assets. It highlights specific controversial assets, such as the Rio Grande LNG terminal and the AES Corporation's power plant portfolio, and notes that 64% of energy companies associated with SRPS's private equity managers are fossil fuel-based. The document advocates for the adoption of five climate standards, including science-based targets and fossil fuel disclosure, to mitigate financial risks associated with the energy transition.

Reclaim Finance calls on institutional investors in Europe and North America to hold asset managers accountable for climate risks, citing examples of mandate withdrawals and the need for concrete climate selection criteria to prevent global economic losses.

The research develops a new metric to quantify how climate extremes in exporting countries increase the vulnerability of importing nations, finding that for 10% of countries, exposure to foreign 'hot events' via staple crop imports could nearly triple between 2041 and 2060.

SLAMDAM has developed 'SLAMDAM SMART' mobile flood barriers integrated with AI-driven IT tools to address the increasing frequency and severity of floods and droughts. These solutions aim to protect communities, farms, and infrastructure while converting flood hazards into opportunities for water storage and irrigation to enhance long-term resilience.

The document is a comprehensive glossary designed to bridge the communication gap between the scientific and legal communities in the context of climate litigation. It defines key terms across seven thematic areas: foundational scientific concepts, measurement and data methods, climate and environmental science, risk and impact, public health, Indigenous Knowledge, and socioeconomic policy. The guide emphasizes the distinctions between scientific and legal interpretations of terms like 'bias', 'significance', and 'uncertainty', and explains how attribution science and climate modeling can be used to establish causation and responsibility in court.

The Indigenous Advisory Group (IAG) of the Banks and Biodiversity Initiative calls on financial institutions to uphold the Amazon Soy Moratorium's (ASM) zero-deforestation standards despite Brazilian political rollbacks. The IAG argues that soy expansion drives land encroachment and tenure insecurity for Indigenous Peoples, while abandoning ASM criteria increases legal, reputational, and transition risks for banks. The group advocates for farm-level traceability, the treatment of all Amazon deforestation as incompatible with financing, and the integration of Free, Prior and Informed Consent (FPIC) into due diligence.

The report argues that South Korea's heavy reliance on imported fossil fuels (84% of total energy supply) creates critical vulnerabilities to geopolitical conflicts in the Strait of Hormuz, Malacca Strait, and South China Sea, as well as climate-driven infrastructure risks. It posits that a rapid shift to renewables can mitigate these risks, reduce financial burdens associated with energy price volatility, and support the energy needs of advanced AI and defense systems. While acknowledging challenges such as China's dominance in critical mineral supply chains and cybersecurity risks associated with digitalized grids, the document concludes these are manageable through battery storage innovation, grid modernization, and supply chain diversification. It recommends integrating renewable energy goals explicitly into national security planning and the 12th Basic Plan for Electricity Supply and Demand.

The We Mean Business Coalition warns that the US withdrawal from the UNFCCC and IPCC risks weakening the shared frameworks and trusted science necessary for global climate action. The coalition emphasizes that businesses require alignment across geographies to manage complex value chains and make long-term investment decisions, noting that fragmentation increases costs and inefficiency. Despite this, the coalition remains committed to working with its network of over 20,000 companies, including 2,000 in the US, to advance the clean energy transition through global collaboration.

The report argues that South Korea's heavy reliance on imported fossil fuels (84% of total energy supply) creates critical security vulnerabilities exposed to geopolitical conflicts and climate-driven disruptions. It posits that a rapid shift toward renewables can mitigate these risks, reduce financial burdens on the state, and support the energy demands of advanced defense and AI technologies. While acknowledging challenges such as China's dominance in critical mineral supply chains and cybersecurity risks associated with grid digitalization, the document concludes these are manageable through diversification, battery storage innovation, and strategic policy integration.

The report assesses the state of asset management and pension systems across Africa, highlighting a general trend of conservative investment strategies, low retail participation, and uneven regulatory oversight. It identifies a strong prevalence of defined benefit and pay-as-you-go pension schemes, particularly in francophone and lusophone countries, while anglophone nations lean toward funded defined contribution models. Key challenges include low coverage for informal workers and women, limited ESG integration, and a heavy reliance on government securities. The document recommends shifting toward risk-based supervision, expanding micro-pension schemes, and developing national ESG taxonomies to deepen capital markets.