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The report evaluates the climate transition progress of global private financial institutions (FIs) using the Net Zero Finance Tracker (NZFT). While target adoption has expanded, the quality of these targets remains weak, particularly regarding fossil fuel phase-outs. Implementation has improved in areas like climate risk disclosure, but real-world impact is limited: financed emissions have decreased only slightly since 2019, and credit financing remains heavily skewed toward fossil fuels. Direct finance for clean and transition energy projects grew by 18% annually from 2019 to 2024, reaching nearly USD 126 billion, though this investment is concentrated in advanced economies.

The guidance document details how the Net Zero Finance Tracker (NZFT) monitors financial institutions' (FIs) transition to net zero. It maps NZFT indicators against nine global and regional frameworks—including GFANZ, UN HLEG, and the TPT—to ensure a robust tracking approach. The NZFT aims to exceed standard recommendations by applying more stringent criteria for target coverage, accountability, and evidence of positive climate engagement. While it covers most key transition elements, the document notes current data gaps regarding Just Transition and specific 2030 emission reduction thresholds.

The We Mean Business Coalition and BSR propose five key policy areas—governance, workforce skills, stakeholder engagement, financing, and monitoring—to reduce investment risk and provide the clarity needed for multinational businesses to implement fair and inclusive climate action.

The policy brief distinguishes between incremental and transformational adaptation, highlighting that the latter is necessary when climate impacts cross viability thresholds. It identifies significant barriers to transformational adaptation in Africa, including financial gaps, weak legal frameworks, and a lack of standardized metrics. The authors recommend that South Africa's G20 presidency champion the development of adaptation scenarios, the enactment of climate change laws, and the creation of an Africa-based framework for measuring systemic impact to move beyond reactive, short-term climate responses.

The Canadian Climate Institute warns that Canada's trade infrastructure is vulnerable to climate change, citing the 2021 B.C. floods as a primary example of the economic risks. It calls for the federal government to embed climate risk assessments into new projects, upgrade existing corridors, invest in protective infrastructure, and provide stable funding for municipalities to avoid building assets based on outdated climate data.

The document serves as a scoping support tool for the second European Climate Risk Assessment (EUCRA-2). It draws on the experience of the EUCRA-1 core team and expert discussions held between January and May 2025, including input from the European Environment Agency (EEA), the Joint Research Centre (JRC), the European Centre for Medium-Range Weather Forecasts (ECMWF), and DG CLIMA. The paper suggests directions for the policy context, scope, methodology, and chapter structure of EUCRA-2, emphasizing the need for continuity with the first assessment and alignment with international, EU, and national initiatives.

The report examines the financial and regulatory incentives needed to accelerate the decarbonisation of China's steel industry. It highlights a significant investment gap, noting that while pilot regions like Hebei have introduced sector-specific taxonomies and transition plan templates, national-level frameworks remain underdeveloped. The document argues that current incentives are insufficient for steelmakers due to high upfront costs and for financial institutions due to a lack of unified identification standards. It recommends expanding public subsidies, refining the capacity replacement policy to include carbon intensity criteria, and creating demand-side incentives for purchasers of low-carbon steel.

The report finds that while 100% of reviewed NAP documents acknowledge the importance of MEL, significant gaps remain in institutional capacity and financial resources. Only 18% of countries have dedicated MEL units and 29% mention dedicated financing. While output-level indicators are common (55%), impact-level indicators are used by only 31% of countries. The report also highlights a lack of structured implementation, with only 39% of documents including a roadmap or timeline for MEL rollout. Integration of gender-responsive indicators is emerging (45%), but disaggregation by age, disability, and geography remains low.

The document examines the intersection of the AfCFTA and CAADP in promoting intra-African agricultural trade and productivity. It identifies significant barriers to food trade, including high tariffs on sensitive food items, burdensome sanitary and phytosanitary (SPS) standards for small enterprises, and a lack of coordinated strategic food reserves. The brief argues that while food security (access) and food sovereignty (self-sufficiency) often require diverging policies, the AfCFTA provides a framework to balance both through targeted tariff removal, simplified compliance for micro-enterprises, and the protection of indigenous genetic resources.

The project sought to create an enabling environment and design parametric insurance products for coastal communities in Fiji and Papua New Guinea to mitigate climate-related shocks. While it successfully produced technical research, guidance documents, and increased financial literacy among a small number of participants, it failed to deploy a viable insurance product or meet its ambitious beneficiary targets. Success was higher in Fiji, where institutional interest was stronger, whereas political instability and a lack of community readiness led to the cessation of activities in Papua New Guinea. The project is rated as 'Satisfactory' overall, noted for high cost-efficiency relative to its US$ 1 million budget, but hampered by unrealistic targets and insufficient in-country funding.

The GCF Accreditation Panel recommends the accreditation of Banco Promerica de Costa Rica as a national direct access entity for 'small' projects with a 'medium risk' (intermediation 2) environmental and social category. The bank is approved for basic fiduciary standards and specialized standards for on-lending and blending. While the bank demonstrates strong gender policies and a track record in electric mobility and green building, the recommendation is subject to several conditions. These include establishing an institutional-level environmental and social grievance redress mechanism, publishing its ethics line on its website, adopting a GCF-consistent information disclosure policy, and updating procurement procedures to include public tender and award notifications.

The Climate Bonds Initiative's guide outlines a comprehensive framework for bank transition disclosures, focusing on the decarbonisation of banking books. It establishes best practices across six key areas: commitment, baselines and targets, delivery strategy, aspects beyond emissions, governance, and reporting. The guidance emphasizes the need for banks to disclose both financed and facilitated emissions, benchmark trajectories against credible sectoral pathways, and implement specific phase-out dates for misaligned activities like unabated coal and new oil and gas exploration. It also integrates requirements for just transition principles and climate resilience, while urging alignment between transition plans and formal financial reporting to ensure credibility.

The report examines the vulnerabilities of the US power grid to climate change, highlighting how extreme heat, wildfires, winter storms, and hurricanes cause widespread outages. It argues that current planning focuses on reliability under typical conditions rather than resilience to high-impact, low-frequency events. The authors emphasize that structural inequities, such as the legacy of redlining, leave low-income communities and people of color disproportionately vulnerable to the life-threatening consequences of power loss. The document recommends that regional transmission organizations (RTOs) and independent system operators (ISOs) adopt forward-looking climate risk assessments, integrate energy justice principles, and reform economic metrics like the Value of Lost Load (VOLL) to prioritize human vulnerability over economic activity.

The Union of Concerned Scientists calls for a fundamental shift in how electric transmission systems are planned and invested in to address the increasing frequency and severity of extreme weather events. The report emphasizes that current grid planning is unprepared for climate reality and risks perpetuating inequities in marginalized communities. It recommends that utilities, states, and regional transmission operators adopt forward-looking climate risk assessments projecting at least 30 years into the future and integrate energy justice principles—such as shared governance and community advisory boards—to ensure that resilience investments protect the most vulnerable populations.

The guide outlines a framework for sustainable linear infrastructure (LI) development in snow leopard habitats, emphasizing the mitigation hierarchy—avoid, minimize, mitigate, restore, and offset. It details strategies across the project life cycle, from policy development and spatial planning to construction and maintenance, to reduce habitat fragmentation, wildlife-vehicle collisions, and other ecological disturbances. The document highlights critical knowledge gaps regarding snow leopard-specific crossing structures and calls for multidisciplinary collaboration and inclusive community consultation to protect biodiversity and ecosystem services.

The Institute for Policy Integrity criticizes a May 5 OIRA memorandum that instructs federal agencies to stop monetizing climate impacts, arguing that the social cost of greenhouse gases (SC-GHG) remains a valid tool despite uncertainties.

The paper argues that while good adaptation practices exist, an intersectional approach is necessary to address the intersecting structures of inequity—such as racism, ableism, and gender inequality—that exacerbate vulnerability to climate change. Drawing from a May 2024 knowledge co-production workshop, the authors introduce foundational principles (centering justice, equity, and power disruption) and process principles (positionality, context-specificity, and co-production). These are applied to the four stages of the UNFCCC iterative adaptation cycle: risk assessment, planning, implementation, and monitoring, evaluation, and learning (MEL).

Reclaim Finance critiques PCAF's proposed expansion of avoided emissions reporting and the introduction of Expected Emission Reductions (EER), warning that these counterfactual-based metrics are subjective and prone to greenwashing. The briefing also highlights flaws in the 'financed emissions' formula, noting that it often fails to track real-world emissions due to its sensitivity to corporate value fluctuations. Reclaim Finance recommends that PCAF withdraw these proposed methodologies and instead adopt metrics that reflect actual counterparty performance and physical emissions intensities for target setting.

The proposal seeks €2,773,855 over 36 months to develop Bolivia's first National Adaptation Plan (NAP) targeting 2035. It addresses critical barriers including weak institutional capacity, poor intersectoral coordination, and insufficient scientific evidence for adaptation. The project focuses on four priority sectors: water, forests and biodiversity, agriculture and rural development, and human health, with education as a cross-cutting theme. Key objectives include establishing a monitoring, evaluation, and learning (MEL) system, catalyzing private sector investment, and creating a pipeline of bankable adaptation projects. Implementation will be led by the Plurinational Authority of Mother Earth (APMT) and the Ministry of Development Planning (MPD), with GIZ as the delivery partner.

The report finds a systemic lack of methane accountability among top US and European supermarkets, with none of the 20 largest retailers setting specific methane reduction targets despite the significant impact of animal agriculture on global heating.