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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 report argues that the IMF's 'climate turn' is contradictory, as its conventional lending programmes (Upper Credit Tranche) often prioritize fiscal consolidation and extractive industries, undermining the climate goals of the Resilience and Sustainability Facility (RSF). Through case studies in Ecuador, Egypt, the DRC, Tanzania, and Pakistan, the document demonstrates how IMF-mandated expenditure compression and reliance on fossil fuel exports create structural climate vulnerabilities. Key findings indicate that while the IMF has improved its climate analysis, this does not translate into programme design, which continues to favor private investment and cost recovery over the public investment needed for a just transition.

The document reports that non-fossil sources reached a record 46.2% of the global electricity mix in April, with wind and solar accounting for 21.3%. It discusses how the instability of the Strait of Hormuz has exposed the fragility of fossil fuel supply chains, prompting countries like China, Poland, and the Philippines to accelerate electrification and renewable energy adoption. Despite this, global fossil fuel subsidies are expected to exceed USD 1 trillion this year, and major energy firms like Shell and BP are pivoting back toward traditional oil and gas models. The text also notes the climate risks evidenced by record heatwaves in Europe and record global carbon emissions in 2025.

Natural Justice critiques the draft National Energy Policy (NEP) 2025 for Kenya, highlighting a contradiction between its clean energy goals and its proposal to continue oil, coal, and nuclear development. The organization argues that these fossil-fuel and nuclear pathways risk creating stranded assets and undermine climate commitments. Key recommendations include the adoption of a dedicated Just Energy Transition chapter, the mandatory use of Community Development Agreements (CDAs), and the alignment of land acquisition practices with World Bank standards. Natural Justice specifically urges the removal of nuclear energy and liquefied natural gas (LNG) from the policy in favor of geothermal, solar, and wind alternatives.

Jack Egan, a resident of the NSW South Coast, lost his home in Rosedale during the Currowan fire on December 31, 2019, as part of the Black Summer bushfires. This experience, which he describes as the future of global warming crashing into the present, led him to become a climate advocate. Egan has joined the Hard Truths human rights case to hold governments and fossil fuel corporations accountable for climate inaction and the expansion of coal and gas projects, seeking legal protections for current and future generations based on international law.

The document is a legal communication submitted by ten Australian citizens alleging that the Australian government's fossil fuel export policies violate their rights to life, privacy, family, home, and culture. It argues that Australia's role as a leading exporter of coal and liquefied natural gas (LNG) materially contributes to the climate emergency, causing specific harms to the authors, including extreme heat, bushfires, flooding, and toxic algal blooms. The authors contend that Australia has failed its due diligence obligations under international law and that domestic legal remedies are inadequate, requesting the Committee to declare these actions incompatible with human rights obligations and recommend a phase-out of fossil fuel exports.

The report examines South Africa's development prospects to 2043, contrasting a 'Current Path' of modest growth and persistent poverty with a 'Combined scenario' where strategic interventions in manufacturing, trade, infrastructure, and governance lead to a 33% increase in GDP per capita. It highlights critical structural constraints, including a high disease burden, poor education quality, and energy insecurity, while proposing a transition toward an export-led, green economy.

The 2026 Hormuz crisis, triggered by a US-Israel war with Iran, is projected to increase Türkiye's energy import bill by $14 billion by the end of 2026. This increase is driven by a 50% surge in Brent crude oil prices and a 45% rise in European gas prices. Türkiye's high import dependence—95% for natural gas, 83% for crude oil, and 60% for coal—makes its economy structurally vulnerable to global price shocks. Road transport is the largest contributor to the energy bill, accounting for nearly one-third of the total in 2025. The report suggests that transitioning to electric vehicles and heat pumps could permanently lower import costs, noting that 1 million electric cars could save $900 million annually and a 10% transition to heat pumps in homes could save $1 billion annually.

Colombia is planning at least nine major LNG import terminal projects and expansions between 2026 and 2030, which would create a capacity of approximately 2,500 million cubic feet per day (MMcf/d). This figure is more than double the government's projected gas demand of 1,000 MMcf/d for 2030. The report warns that such an overbuild could lead to stranded assets, lock the country into long-term fossil fuel contracts, and divert resources from renewables and energy efficiency. While the country faces a domestic gas deficit and energy security challenges exacerbated by El Niño and geopolitical tensions, the document suggests that near-term needs could be met without overbuilding infrastructure, aligning instead with a roadmap to reduce fossil fuel dependence and emissions by 90% by 2050.

The report argues that meeting U.S. electricity demand growth through 2030 with a clean energy portfolio is more affordable and reliable than a fossil-fuel-heavy approach. Modeling shows that a clean energy scenario could save consumers $5.1 billion annually by 2030 and significantly reduce risks associated with volatile fuel prices and extreme weather. The analysis emphasizes the role of solar, wind, battery storage, and demand-side flexibility in reducing system costs and carbon emissions while maintaining grid resilience.

The report finds that the global iron and steel industry is facing a 'lock-in' crisis due to continued investment in coal-based blast furnace capacity, particularly in India and China. While electric arc furnace (EAF) capacity is increasing, green hydrogen-based direct reduced iron (DRI) remains a critical bottleneck, with only 2% of operating DRI capacity using green hydrogen. India is currently the primary driver of global steelmaking development, accounting for 42% of developing capacity, much of which is coal-based. China maintains the largest operating capacity, but 94% of its blast furnace capacity lacks a retirement plan. The report warns that relining existing blast furnaces locks in emissions for 15–20 years, threatening global climate goals as the sector accounts for 11% of global CO2 emissions.

The document models the potential impact of different development paths on Algeria's GDP, poverty levels, and energy landscape by 2043. It finds that a 'Combined scenario'—integrating improvements in governance, education, health, and infrastructure—would significantly increase GDP per capita and reduce extreme poverty and inequality. However, this economic growth is projected to increase carbon emissions. The analysis also highlights Algeria's heavy reliance on gas and oil, while noting its potential for renewable energy development.

The US-Israel invasion of Iran in February 2026 has accelerated the global transition to clean energy as 23 countries announced new measures to reduce fossil fuel vulnerability. Clean energy ETFs have outperformed oil and gas ETFs in early May 2026, with renewable energy funds attracting over USD 3 billion in April 2026. Investor sentiment is shifting, with a rise in those ranking renewables top for one-year returns (14% vs 9% in 2025) and a decline in the perceived necessity of natural gas for the transition, particularly in Asia. While the cost of capital remains significantly higher in emerging markets (12.95%) compared to Europe (5.02%), geopolitical instability is prompting a reassessment of risk premiums in favor of domestic renewables.

The document assesses the socioenvironmental governance of nickel mining in Indonesia, highlighting the high environmental footprint of laterite ore processing and the reliance on coal-based energy. It notes Indonesia's dominant position in global nickel production and calls for more stringent legislative frameworks to manage tailings and water.

The Philippines could avoid approximately PHP 1.7 billion (USD 28 million) in fossil fuel import costs by achieving its target of 9.5 GW of solar capacity by 2030. This analysis comes amid soaring Asian energy prices caused by the Iran war, which has pushed LNG prices up 54.3% since February 2026. The report highlights that the Philippines has some of the highest electricity prices in Asia due to a heavy reliance on imports. While the Philippines is currently fast-tracking renewable energy and battery storage, the report notes that coal and gas generation are still projected to increase by 2030. Comparatively, other ASEAN nations like Indonesia, Thailand, and Vietnam are also implementing clean energy measures to reduce reliance on volatile imported fuels.

The document argues that the energy transition within the expanded BRICS bloc is a contest of power between incumbent fossil-industrial interests and emerging green regimes. It identifies a 'grey space' of hybrid compromise where ambitious climate rhetoric masks continued fossil fuel expansion. To navigate this, the authors introduce the BRICS Climate and Energy Compass and a strategic action plan focusing on financial architecture reform, investment in hard-to-abate sectors, and the localisation of climate finance.

The First Conference for the Transition beyond Fossil Fuels, held in Santa Marta, Colombia, from April 24 to 29, aims to establish practical solutions for phasing out coal, oil, and gas. Co-sponsored by Colombia and the Netherlands, the event brings together at least 45 countries, including major exporters like Canada and Australia, though the largest producers—the US, China, Russia, and Saudi Arabia—are absent. The conference seeks to bypass the consensus-based delays of UN COPs to produce a report for COP30 and COP31, focusing on eliminating fossil fuel subsidies, planning production decline, and increasing renewable energy demand within a just transition framework.

In 2025, global electricity generation saw a significant shift toward low-carbon sources, with solar and wind reaching a combined 17.3% share of total generation. Solar was the fastest-growing source, adding 636 TWh and meeting 75% of global demand growth. Conversely, coal's share of global electricity fell below one-third for the first time on record to 33.0%, and renewable generation exceeded coal generation for the first time. Low-carbon sources (including nuclear) reached 42.6% of total generation, while the emissions intensity of electricity dropped by 2.7% in 2025, the largest annual decline in two decades.

The Santa Marta conference on fossil fuel phaseout shifted the global conversation from whether to transition to how to implement it, establishing three workstreams for national roadmaps, financial restructuring, and trade alternatives. While the summit is praised for providing civil society and Indigenous Peoples more direct access to decision-making, the author warns that the process risks becoming 'consultation theatre' unless participation is substantive and roadmaps include accountability mechanisms and the engagement of major emitters.

Fossil fuel subsidies, which exceeded USD 1.2 trillion in public financial support in 2024, distort energy markets and lock countries into fossil fuel dependence. These subsidies take the form of consumer price supports, producer incentives, and general services. While subsidies declined to USD 921 billion in 2024 from a 2022 peak of USD 1.76 trillion, geopolitical tensions in 2026 are risking a new increase in support measures to shield consumers from price shocks.