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The report finds that four major German asset managers, managing over €2.3 trillion, continue to invest in companies with significant fossil fuel expansion plans, holding nearly US$ 13 billion in the world's worst polluters as of September 2022 without adequate policies to limit this support.

The report reveals that four major German asset managers, collectively managing over 2.3 trillion euros, continue to invest in companies expanding coal, oil, and gas production, holding nearly 13 billion USD in the world's worst polluters as of September 2022 without adequate policies to limit this support.

The document examines how the war in Ukraine disrupted global supply chains, leading to a sharp increase in fertilizer prices across Africa. It notes that these price hikes, combined with high input costs for natural gas and coal, threaten crop yields and increase food prices. While short-term input subsidies are common, the brief advocates for industrialization and the utilization of Africa's natural gas, coal, and phosphate rock reserves to build domestic fertilizer production capacity.

In the first half of 2022, global electricity demand rose by 3%, and this growth was entirely met by renewables, which prevented a 4% increase in fossil fuel generation. While wind and solar met 77% of this demand growth, hydro met the remainder. However, the report notes that subsequent rises in coal and gas generation in July and August, driven by droughts in China and global heatwaves, mean that total power sector CO2 emissions for 2022 may still reach a record high.

The document asserts that Canada's reliance on oil, gas, and coal leaves it vulnerable to global market volatility and geopolitical shocks, despite being a major producer. It argues that renewable energy sources like wind and solar are now more cost-effective than fossil fuels and can provide long-term price stability because they do not require input fuels. The brief highlights Canada's existing hydroelectric capacity as a key asset for balancing variable renewables and suggests that electrifying transport and heating will further reduce exposure to fossil fuel price spikes. It concludes that prioritizing investments in flexible, integrated electricity grids and energy efficiency is essential for achieving a non-emitting electricity grid by 2035 and ensuring affordable energy security.

Reclaim Finance argues that increasing liquefied natural gas (LNG) and coal capacity will not solve Europe's energy crisis, asserting that the crisis stems from fossil fuel dependence. The organization criticizes BlackRock CEO Larry Fink for promoting short-term profits over sustainable solutions and calls on European institutional investors to pressure BlackRock to end its unrestricted investments in coal and adopt stronger decarbonization targets.

Reclaim Finance argues that increasing liquefied natural gas (LNG) imports and coal use will not solve Europe's energy crisis, asserting that the crisis stems from fossil fuel dependence. The organization criticizes BlackRock for investing in new coal projects and for setting insufficient decarbonization targets, calling on European institutional investors to pressure the asset manager to align with climate goals.

The document asserts that Canada's reliance on oil, gas, and coal exposes it to global market volatility and geopolitical risks, as evidenced by record-high fuel prices in 2022. It argues that renewable energy sources like wind and solar are now more cost-effective than fossil fuels and provide long-term price stability because they do not require input fuels. The brief highlights Canada's existing hydroelectric capacity and transmission infrastructure as key assets for integrating variable renewables. It recommends accelerating the electrification of transportation and heating, improving interprovincial grid connectivity, and investing in energy storage to achieve a non-emitting electricity grid by 2035.

A coalition of over 1,000 health professionals and 200 organizations, including the WHO, is calling for a legally binding global plan to phase out fossil fuels. The group highlights that major economies are increasing support for coal, oil, and gas, which undermines climate goals and causes severe health issues, including air pollution and occupational diseases. They propose a fossil fuel non-proliferation treaty based on three pillars: stopping new production, winding down existing use, and ensuring a just transition for affected workers and communities, with high-income countries providing necessary support to developing nations.

The three largest Japanese banks—Mizuho, MUFG, and SMBC—are criticized for slow progress toward net-zero goals, specifically for continuing to finance companies expanding coal, oil, and gas capacities despite their membership in the Net-Zero Banking Alliance.

The document emphasizes the necessity for Indonesia to plan for a just energy transition given the dominant role of coal and oil and gas in its economy. It highlights that coal-fired power plants provide over 60 percent of the country's electricity and that the coal industry employed at least 100,000 people in 2018. The brief warns that current government projections for the coal industry may be overly optimistic and recommends institutionalizing tripartite social dialogue and increasing administrative capacity on just transition to avoid missing the 23% renewable energy target.

The document examines how the Russia-Ukraine war has destabilized energy markets, undermining Russia's role as an 'energy superpower' and creating significant economic pressure on the Global South. It presents three scenarios: 'Stable high' prices, 'Persistent volatility', and 'Business as usual', analyzing how each affects national budgets, regional stability in the Middle East and Africa, and the global transition to renewable energy. The authors argue that while the crisis may incentivize some decarbonization, it also risks locking in fossil fuel production in the Global South and prioritizing immediate energy security over Paris Agreement goals.

Reclaim Finance calls for the strengthening of French sustainable finance labels to combat greenwashing. The organization proposes that the ISR label introduce minimum exclusions for companies developing new fossil fuel projects or those significantly involved in coal and unconventional hydrocarbons. Simultaneously, it argues that the Greenfin label must remain a strict reference for green activities by continuing to exclude fossil fuels, nuclear energy, and biomass, regardless of political shifts in the EU taxonomy.

The report finds that Indonesian government support for fossil fuels significantly outweighs support for renewable energy, with 94% of annual allocations averaging coal, oil, gas, and fossil fuel-based electricity, compared to just 1% for renewables. Between 2016 and 2020, total energy support measures rose by 38% to IDR 279 trillion, while specific support for renewable energy decreased from IDR 3 trillion to IDR 2 trillion. The analysis indicates that 77% of identified measures benefit energy producers, and that fossil fuel subsidies create a lock-in effect that hinders the competitiveness of renewable energy and drains public finances.

Reclaim Finance evaluates Amundi's 2022 climate performance, noting a lack of transparency regarding its own climate strategy and inconsistent voting patterns. While Amundi showed progress by voting against some coal developers like Glencore, it continued to support the climate plans of oil and gas majors such as Repsol and BP despite their ongoing fossil fuel expansion.

The statement calls for the Glasgow Financial Alliance on Net Zero (GFANZ) to end its support for fossil fuel expansion, citing scientific evidence from the IPCC and IEA that new coal, oil, and gas projects are incompatible with limiting global warming to 1.5°C. It criticizes GFANZ leaders and CEOs from member institutions, such as Citigroup and Standard Chartered, for downplaying the urgency of a transition and for continuing to enable the development of 'carbon bombs'—large-scale projects that threaten the global carbon budget.

The report identifies 78 support measures for Indonesia's energy sector between FY 2016 and FY 2020, finding that 94.1% of the estimated value (IDR 1,153 trillion) supported fossil fuels, while renewable energy received less than 1%. The analysis highlights a significant imbalance in funding, with the majority of support benefiting producers over consumers and heavily favoring oil, gas, coal, and fossil-fuel-based electricity, thereby potentially hindering Indonesia's net-zero 2060 goal.

This discussion paper by Ember reviews the development of coal power in China during the 13th Five-Year Plan (2016-2020) and proposes policy entry points to transition coal power from a primary energy source to a supportive role providing flexibility and backup capacity for a decarbonised grid.

The document highlights a contradiction between Indonesia's commitment to the Global Methane Pledge and the World Bank's Country Partnership Framework (CPF) 2021-24, which supports the acceleration of natural gas and biogas deployment. It warns that gas infrastructure projects, including power stations and LNG terminals, will increase greenhouse gas emissions. The author urges the redirection of finance away from fossil gas and unproven technologies like CCUS toward renewable energy, grid modernisation, and a just transition from coal.

Climate researcher Julia Steinberger asserts that the latest IPCC report confirms that tackling fossil fuel production is essential to limiting global warming to 1.5C. She argues that current international frameworks, including the Paris Agreement, are insufficient because they do not explicitly address the production of coal, oil, and gas. To remedy this, she advocates for a Fossil Fuel Non-Proliferation Treaty, a binding global agreement designed to coordinate an equitable phase-out of fossil fuels. The author also links the dependence on fossil fuels to the conflict in Ukraine, suggesting that a transition to renewable energy is necessary for both climate stability and global peace.