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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.

In the first five months of 2026, Türkiye's renewable electricity generation reached a record 87 TWh, accounting for 61% of total generation. This surge, driven largely by exceptionally high rainfall boosting hydropower, pushed wholesale electricity prices to historic lows, particularly in May 2026. Consequently, the gap between market prices and regulated residential tariffs narrowed, resulting in a $746 million reduction in government electricity subsidies compared to the previous year. The report argues that to sustain these low prices and mitigate the risk of drought-induced price spikes, Türkiye must streamline permitting for storage-integrated wind and solar, hybrid plants, and rooftop solar installations.

The document details how climate change intensifies droughts through higher temperatures and altered precipitation, leading to severe economic losses in agriculture and hydropower, increased wildfire risks, and public health threats in Canada.

The report argues that the primary barriers to subsea power cable deployment in ASEAN are institutional rather than technical. It identifies gaps in regional planning, cost allocation, and maritime coordination, suggesting a phased approach to strengthen governance. Key recommendations include operationalising the ASEAN Power Grid Generation and Transmission Planning (AGTP) function, exploring cross-border cost allocation (CBCA) frameworks, and deepening the role of the Submarine Cable Working Group to manage the complexities of shared maritime spaces.

The report analyzes Sudan's development prospects through 2043, identifying violent conflict as the primary constraint to growth. It uses scenario modelling to demonstrate that while the 'Current Path' leads to stagnation and high poverty, a 'Combined scenario' of reforms in agriculture, governance, and infrastructure could significantly increase GDP and reduce extreme poverty. The analysis emphasizes that peace is a necessary precondition for these transformations.

The report projects that Zambia's GDP per capita will rise to US$5,467 by 2043 under the Current Path, though extreme poverty remains high at 67.3%. It identifies the African Continental Free Trade Area (AfCFTA) and 'leapfrogging' through renewable energy and ICT as the most impactful drivers for economic growth. While carbon emissions are forecast to peak in 2036 and then decline due to increased hydroelectricity, the report highlights critical vulnerabilities in food security, secondary education, and rural electricity access.

The report projects Namibia's economic and social future to 2043. While GDP per capita is expected to rise on the Current Path, the country faces persistent extreme poverty and food insecurity. Sectoral scenarios suggest that manufacturing, free trade, and agriculture offer the highest potential for economic growth, while a combined 'Agenda 2063' approach could significantly lift millions out of poverty, albeit at the cost of increased carbon emissions.

The report analyzes the Republic of the Congo's economic and social outlook to 2043. It highlights a heavy dependence on oil, high poverty rates, and vulnerability to climate change. It evaluates 11 sectoral scenarios—including free trade, leapfrogging, and manufacturing—demonstrating that an integrated approach (Combined Agenda 2063) could significantly increase GDP per capita and reduce poverty, though it would lead to higher carbon emissions.

The report projects that Sierra Leone's population will grow to 13.1 million by 2043, with GDP increasing to US$12.8 billion under the Current Path. However, extreme poverty is expected to persist, with 42.2% of the population living below US$1.90 per day. Energy production is forecast to be dominated by gas (92.7%), and carbon emissions are projected to rise to 2 million tons. The report evaluates 11 sectoral scenarios, finding that agriculture and free trade have the highest potential to increase GDP per capita. In a Combined Agenda 2063 scenario, GDP per capita could reach US$4,304 and extreme poverty could drop to 10.3%, though carbon emissions would increase to 3.3 million tons.

The report projects that São Tomé and Príncipe will see population growth to 351,000 and a GDP per capita increase to US$4,910 by 2043 under its Current Path. While the nation remains a low carbon emitter, it faces systemic poverty and food insecurity. The 'Combined Agenda 2063' scenario, integrating improvements in trade, manufacturing, and infrastructure, could significantly boost GDP per capita to US$7,082 and reduce the poverty rate to 39.8%, though this growth would increase carbon emissions to 130,000 tons.

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.

As of March 31, 2026, the GCF has total pledged amounts of USD 30.0 billion, with USD 24.0 billion in committed funding. The Fund's accredited entity network has grown to 168 entities, with a strong emphasis on Direct Access Entities (DAEs). The portfolio shows a shift toward adaptation, which now represents 59% of funding in grant equivalent terms. The GCF is managing a pipeline of 139 concept notes and 51 funding proposals. However, several projects face implementation challenges, including the Mali solar rural electrification project, which is awaiting formal termination following the government's decision to cancel co-financing.

An analysis of 393 environmental and energy bills introduced in the first quarter of 2026 reveals that 45% were bipartisan. Bipartisan bills showed a higher rate of legislative advancement (22%) compared to non-bipartisan bills (15%). The highest level of consensus was found in oceans and biodiversity, where approximately 67% of bills were bipartisan. Other areas of strong cooperation include disaster management, wildfires, and permitting reform. The report notes that successful bipartisan legislation often focuses on concrete economic impacts or specific, narrow scopes and typically avoids using the terminology of climate change. In contrast, energy bills were less bipartisan, with Republicans focusing on deregulation and Democrats on clean energy tax credits, although specific technologies like geothermal, hydropower, nuclear, and waste-to-energy maintain bipartisan support.

The report examines the legal and administrative challenges of removing obsolete river barriers in Poland, Finland, and France. It finds that while France employs a systemic approach with prioritised lists and dedicated funding, Poland lacks a comprehensive registry and effective enforcement of removal obligations. Finland relies heavily on voluntary cooperation and funding through the NOUSU program but struggles with the permanence of water permits. The document recommends that Member States adopt systemic policies, maintain field-verified barrier registries, establish clear prioritisation criteria for 'obsolete barriers', and create inclusive funding schemes to meet EU nature restoration targets.

The report finds that Canadian provinces are generally underplanning for industrial electricity demand and lagging in system flexibility and transmission build-out compared to international peers. While hydro-led provinces like Quebec and British Columbia have inherent flexibility advantages, non-hydro jurisdictions like Alberta and Ontario need to proactively build capacity. The report recommends that the federal government support interprovincial energy planning, deploy the national balance sheet for anticipatory grid build-out, implement flexible Clean Electricity Regulations, and prioritize system flexibility in federal programs.

The report argues that a just energy transition in Africa requires the concurrent development of non-fossil fuel revenue sources and employment to avoid destabilising public finances. Focusing on Angola, Senegal, and Tanzania, it identifies alternative sectors such as renewable energy, sustainable agriculture, mining of critical minerals, and tourism. It recommends the adoption of Just Transition Investment Plans (JTIPs), the implementation of 'sunset policies' to end new fossil fuel licensing, and the use of fossil revenues as a temporary financing mechanism for green industrialisation. The report specifically advocates for strict conditions on any remaining gas use, including a ban on export-oriented LNG and a requirement to ringfence 50% of revenues for renewable energy.

Nigeria's economy is heavily reliant on oil, which accounts for roughly 50% of the national budget and over 90% of foreign exchange earnings. This dependency has led to 'Dutch Disease', severe environmental degradation in the Niger Delta, and fiscal fragility due to oil price volatility. With global oil demand projected to peak by 2030, the report argues for an urgent transition. It recommends diversifying into solar and hydro power, agro-processing, green manufacturing, and the digital economy. Key policy proposals include establishing a National Economic Diversification Master Plan, redirecting fossil fuel subsidy savings toward green investment, and joining a Fossil Fuel Treaty to secure transition finance and debt resolution.

The Democratic Republic of the Congo's economy is heavily reliant on mining, particularly copper and cobalt, which generate over 90% of mining revenues. While the country possesses vast hydropower potential, electricity access remains limited to 19% of the population. The sector is characterized by a mix of large-scale mining and significant artisanal and small-scale mining (ASM), the latter of which is linked to conflict minerals (3TG) in the east. Infrastructure development is currently focused on strategic corridors like the Lobito Corridor and the TAZARA rehabilitation to improve export logistics.

The report argues that while mining companies are increasingly adopting renewable energy for operational decarbonization, these investments should be leveraged through policy to benefit host communities. It provides a framework for integrating renewable energy into local content policies, emphasizing shared infrastructure, skills development, and long-term planning for post-closure transitions to ensure sustainable local development.

The report analyzes Kenya's development path toward 2043, comparing a 'Current Path' with eight ambitious sectoral scenarios and a 'Combined Agenda 2063' scenario. Key findings highlight that while Kenya has a resilient economy and leads Africa in geothermal energy, it faces significant hurdles in corruption, infrastructure, and public debt. The analysis suggests that full implementation of the African Continental Free Trade Area (AfCFTA) and improvements in governance would have the most substantial positive impacts on GDP per capita and poverty reduction. A combined approach of all scenarios could increase GDP by 123.1% over the current path and drastically reduce carbon emissions by transitioning fully to renewables.