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REQUEST FOR INFORMATION: KARPOWERSHIP SOUTH AFRICA
The Centre for Environmental Rights, on behalf of Fair Finance Southern Africa (FFSA), has requested information from Investec Group concerning a US$ 140 million loan provided by a syndicate of four banks to Karpowership. The letter highlights that Karpowership SA's proposed floating gas-to-power projects in Coega, Richards Bay, and Saldanha face significant opposition due to environmental impacts and the risk of prolonging fossil fuel reliance. FFSA argues that the projects would emit substantial methane, potentially totaling 80 to 142 million tonnes CO2e over 20 years, and may become stranded assets. The request asks Investec to clarify if the loan finances South African operations and how this aligns with its membership in the Net Zero Banking Alliance and its own net-zero carbon emission claims.
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Document type: Statement
REQUEST FOR INFORMATION: KARPOWERSHIP SOUTH AFRICA
The Centre for Environmental Rights, on behalf of Fair Finance Southern Africa (FFSA), is questioning Türkiye İş Bankası A.Ş. (Isbank) about a US$ 140 million loan provided to Karpowership in March 2020. The letter argues that the Karpowership SA projects—consisting of three vessels with a total capacity of 1,220 MW in Coega, Richards Bay, and Saldanha—pose significant environmental and social risks. Specifically, it highlights the refusal of environmental authorisations by the Department of Forestry, Fisheries and the Environment (DFFE) due to "procedural irregularities" and the potential for the projects to emit "80 to 142 million tonnes CO2e of greenhouse gas" over 20 years. The authors contend that these projects prolong reliance on fossil fuels and may become "stranded assets" as renewable energy becomes cheaper. The letter asks Isbank to clarify if the loan was intended to finance these South African operations and how this aligns with its membership in the Net Zero Banking Alliance.
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Document type: Statement
REQUEST FOR INFORMATION: KARPOWERSHIP SOUTH AFRICA
The Centre for Environmental Rights, on behalf of Fair Finance Southern Africa (FFSA), is questioning the Mauritius Commercial Bank (MCB) about a US$ 140 million loan provided to Karpowership. The letter highlights environmental and legal concerns regarding Karpowership SA's projects in Coega, Richards Bay, and Saldanha, including the refusal of environmental authorisations by the DFFE and the potential for high methane emissions. FFSA seeks to clarify if MCB's financing ultimately supports these South African operations and how the bank assesses the associated material and climate risks.
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Document type: Statement
REQUEST FOR INFORMATION: KARPOWERSHIP SOUTH AFRICA
The document is a formal request for information sent to Standard Chartered Bank by the Centre for Environmental Rights on behalf of Fair Finance Southern Africa, seeking clarification on the bank's role in financing Karpowership SA's floating gas-to-power projects in South Africa.
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Document type: Statement
A Just Energy Transition for a healthy fossil fuel free world
The document outlines the extensive health benefits of transitioning from fossil fuels to renewable energy, emphasizing that such a shift must be 'just' by focusing on the most vulnerable and remediating past damages. It identifies significant reductions in premature deaths from air pollution and occupational hazards, while highlighting opportunities for improved healthcare access and urban wellbeing. The briefing proposes three core principles—inclusive decision-making, health impact tracking, and nature restoration—and provides policy recommendations on redirecting fossil fuel subsidies, integrated ministerial planning, and prioritizing clean cooking solutions.
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Document type: Briefing
Transição energética justa para um mundo saudável e livre de combustíveis fósseis
The document advocates for a just energy transition from fossil fuels to renewable energy, emphasizing that this shift must prioritize social and ecological justice to maximize health benefits. It highlights that ending fossil fuel reliance can prevent millions of premature deaths from air pollution and reduce occupational hazards in mining and oil/gas sectors. The briefing proposes three core principles—inclusive decision-making, health impact tracking, and nature restoration—and recommends redirecting the $425 billion annual fossil fuel subsidies toward clean energy and health services.
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Document type: Briefing
Hacia una transición energética justa para un mundo sano sin combustibles fósiles
The document argues that transitioning from fossil fuels to renewable energy must prioritize social and ecological justice to avoid replicating centralized power structures. It highlights that such a transition could prevent millions of premature deaths annually by reducing air pollution and eliminating occupational hazards for energy workers. The briefing outlines a framework for 'healthy cities' and 'healthy economies,' emphasizing the need to redirect fossil fuel subsidies toward clean energy and health protection. Key recommendations include inclusive decision-making, mandatory health impact monitoring for new energy investments, and the restoration of nature and health damaged during the fossil fuel era.
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Document type: Briefing
GREEN GUARANTEE COMPANY INSTRUMENT ANALYSIS
The Green Guarantee Company (GGC) is designed to unlock private institutional capital for climate projects in emerging and frontier markets by providing full hard-currency guarantees for bonds and loans of USD 50-200 million with maturities of 5-20 years. To address technical barriers, the GGC includes a USD 10 million technical assistance (TA) facility to build issuer capabilities and support certification against the Climate Bond Standard (CBS). The instrument will pilot in South Africa before expanding to other large emitters like Brazil, India, and Indonesia, and eventually to more vulnerable least developed countries. Financial modeling suggests the GGC can catalyze up to USD 10.6 billion in climate debt over 20 years, achieving operating breakeven within 3 to 7 years across various scenarios. Expected impacts include the addition of 7.97 GW of renewable energy capacity and the avoidance of approximately 75 Mt of carbon dioxide equivalent.
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Document type: Report
Landscape of Climate Finance in Africa
The report finds a massive gap between Africa's annual climate finance needs (USD 277 billion) and actual flows (USD 29.5 billion). While international public finance dominates, private sector contribution is low at 14%. Finance is heavily concentrated in a few countries and sectors, with energy receiving the most investment, while agriculture, forestry, and other land use (AFOLU) remains underfunded. The report recommends scaling up concessional finance, improving data tracking, and catalyzing private investment to meet 2030 goals.
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Document type: Report
Landscape of Climate Finance in Africa
Africa requires USD 277 billion annually to meet its 2030 climate goals, yet only USD 29.5 billion was tracked in 2019/2020. International public finance dominates the landscape, while private sector contributions remain low at 14%. The report highlights significant investment gaps, particularly in Southern Africa, and a critical need to shift funding from fossil fuels toward renewable energy and adaptation, especially in the agriculture, forestry, and other land use (AFOLU) sector.
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Document type: Report
Can a universal basic income contribute to breaking structural poverty in South Africa?
The research argues that a universal basic income grant (UBIG) in South Africa could move beyond immediate poverty relief to dismantle structural poverty by improving labour market participation, health, women's empowerment, and social cohesion. Drawing on local and international evidence, the authors contend that a UBIG funded through progressive taxation would stimulate local economies via multiplier effects and increase human capital. The paper emphasizes that for a UBIG to be effective, it must be unconditional, universal, and integrated with quality public services, rather than serving as a replacement for them.
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Document type: Research paper
India’s State-Owned Energy Enterprises, 2020–2050
The report analyzes the financial exposure of Coal India Limited (CIL), Indian Railways (IR), and NTPC to the energy transition using a Green Economy Model (GEM). It compares a Business-As-Usual (BAU) scenario with an Aspirational scenario aligned with net-zero goals to calculate 'cash flow at risk' (CFaR). The findings indicate significant long-term financial risks for all three entities, particularly in the 2030–2040 period. To mitigate these, the report proposes diversification into solar photovoltaics, battery storage, and operational reforms, while emphasizing the need for a just transition for coal-dependent communities.
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Document type: Report
MANAGING INFLATION BY SUPERCHARGING A CLEAN ENERGY TRANSITION
The report analyzes how 'climateflation', 'fossilflation', and 'greenflation' impact price stability and proposes that the ECB align its operations with EU climate goals, implement green lending facilities for building renovation, and coordinate with the EIB and European Commission to fund a just energy transition.
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Document type: Report
Use of Net Zero Framework To Greenwash Climate Inaction
The Center for International Environmental Law (CIEL) argues that 'net zero' is a global scientific concept that should not be applied to individual entities, as doing so encourages the use of ineffective offsets and speculative technologies. CIEL recommends that standards for non-state entities require absolute emissions reductions, the inclusion of Scope 3 emissions, and a rapid phase-out of fossil fuels. The document specifically criticizes the fossil fuel industry for using net-zero pledges to mask continued production and warns that reliance on Carbon Capture Utilization and Storage (CCUS) and technological Carbon Dioxide Removal (CDR) is risky and unproven. It advocates for mandatory regulation, transparent reporting, and the integration of human rights and climate justice into all net-zero frameworks.
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Document type: Statement
Coal Leasing Moratorium Opens Door to a Cleaner Energy Future
A federal court ruling in Montana has halted coal leasing on federal lands, reinstating a moratorium because the environmental and health impacts of coal were insufficiently accounted for. Earthjustice asserts that this creates a critical opening for the Biden administration to move beyond its current support of lease applications and instead phase out coal extraction, increase royalty rates to reflect true costs, and support transitioning coal-mining communities.
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Document type: Briefing
Powering Past Coal Alliance feedback on the Finance Principles
Reclaim Finance argues that the Powering Past Coal Alliance's (PPCA) current Finance Principles allow members to continue supporting coal expansion. The organization recommends updating the global phase-out deadline to 2040, removing the term "unabated" to ban all coal power, expanding the scope to include the entire coal value chain (including mining), banning general financial services to companies planning coal expansion, and implementing a sanction mechanism to exclude non-complying members.
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Document type: Statement
SOUTH AFRICAS NATIONALLY DETERMINED CONTRIBUTION
The Centre for Environmental Rights (CER) argues that South Africa's 2021 NDC update is insufficient to meet the 1.5°C global warming limit and fails to reflect the country's 'fair share' of global mitigation efforts. The CER highlights that the use of an emissions range allows for a higher upper limit that is inconsistent with safe climate pathways, potentially leading to domestic temperature increases of 4 to 6°C. The document requests the government clarify if it will revisit its 2030 targets as requested by the Glasgow Climate Pact and asks for details on the mechanisms used to monitor and track greenhouse gas emission reductions.
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Document type: Statement
Exploring Support for Climate Justice Policies in the United States
The report finds strong and broad public support across demographic and political lines for climate justice policies in the United States. A majority of Americans support transitioning to 100% clean energy by 2050, increasing funding for disproportionately harmed low-income communities and communities of color, and creating jobs programs to transition workers from the fossil fuel industry.
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Document type: Research paper
How the New Climate Bill Promises to Cut Inflation, Upgrade the Economy, and Slash Emissions
The Inflation Reduction Act commits $369 billion to energy and climate initiatives to decarbonize the US economy and secure clean energy supply chains. Key measures include tax credits for electric vehicles, residential energy efficiency, and green hydrogen, alongside funding for urban forestry and carbon capture. The legislation targets a reduction in energy costs for households, the revitalization of former fossil fuel communities, and the acceleration of low-carbon industrial production in sectors like steel and cement.
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Document type: Briefing
A la resistencia del pueblo hondureño
The report details a period of institutional violence in Honduras following the 2009 coup, characterized by the criminalization of environmental and land defenders, systemic gender-based violence, and the expansion of transnational corporate control over natural resources. It documents specific cases of human rights abuses, including the murders of Berta Cáceres and Keyla Martínez and the forced disappearance of Garífuna leaders. The text argues that the state acted as a facilitator for extractivist projects—such as hydroelectric dams and 'model cities' (ZEDEs)—often ignoring the right to free, prior, and informed consent. It concludes by welcoming the election of Xiomara Castro as a step toward democratic recovery and calls for continued international solidarity to support a feminist and just transition.
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Document type: Report