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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.

In 2019/2020, Nigeria received an average of USD 1.9 billion annually in climate finance, representing only 11% of the USD 17.7 billion needed annually for its conditional NDC. Public finance dominated at 77% of total flows, primarily delivered as concessional debt. Mitigation finance (USD 1.1 billion) outweighed adaptation finance (USD 663 million), despite high vulnerability to climate shocks. Energy systems received the most investment, particularly solar, while sectors like waste and industrial processes remained severely underfunded. The report highlights a significant contradiction between climate finance flows and continued heavy investment in fossil fuels, noting one LNG project alone received USD 2.77 billion. Key barriers include limited private sector mobilization, capacity constraints in GHG reporting, and a lack of national climate budget tagging.

The document analyzes the link between the EU's dependence on Russian fossil fuels and its current inflationary crisis, highlighting how wind and solar energy have provided significant cost savings. It advocates for the adoption of the RePowerEU proposal to increase renewable energy and energy efficiency targets to ensure long-term energy security and maintain the EU's global climate leadership.

In 2019/2020, Nigeria received an average of USD 1.9 billion annually in climate finance, representing only 11% of the USD 17.7 billion needed to meet its conditional NDC target. Public finance dominated the landscape, accounting for 77% of flows, primarily through concessional debt. Mitigation finance (USD 1.1 billion) outweighed adaptation finance (USD 663 million), despite the country's high vulnerability to climate risks. Energy systems received the largest share of investment (41%), with a strong focus on solar technologies, while sectors like waste and industrial processes remained severely underfunded. The report highlights a significant contradiction between climate finance goals and continued heavy investment in fossil fuels, noting that a single LNG project received USD 2.77 billion—more than the total tracked climate finance for the period.

The document analyzes the global pipeline of coal-to-gas conversions, identifying approximately 89.6 GW of such projects in development. It argues that these projects risk locking in fossil fuel use for decades and creating stranded assets, especially as the levelized cost of energy (LCOE) for renewables with storage becomes more competitive than gas. The report highlights East Asia, Europe, and North America as the regions with the most significant coal-to-gas activity and warns that methane leakage from gas infrastructure can make gas-fired power more damaging to the climate than coal if leakage exceeds 3%.

The report identifies over 300 LNG projects in pre-construction and construction phases globally, with an estimated cost of US$797 billion. It highlights that the United States has become the world's leading LNG exporter in the first half of 2022 and hosts nearly half of all global export capacity under development. The document argues that this build-out contradicts international climate goals, risks creating stranded assets, and undermines U.S. national interests by increasing domestic energy prices and harming disadvantaged communities on the Gulf Coast. It further contends that 'clean' LNG proposals, such as carbon capture and storage (CCS) or hydrogen repurposing, are insufficient to address the full life cycle emissions of the fuel.

The report examines the Ichthys LNG project in Australia, highlighting its high carbon intensity and the risks its expansion poses to climate targets and biodiversity. It identifies numerous global insurers that provided coverage for the project's initial construction and argues that continuing such support, particularly for the planned 2C expansion, contradicts the net-zero pledges of many of these firms.

The report examines the expansion of maritime activity in the Arctic, specifically the Northern Sea Route (NSR) and the Bering Strait, driven by climate change and Russia's strategy to monetize hydrocarbon reserves. It highlights a doubling of vessel transits in the Bering Strait since 2009 and warns of severe risks including oil spills, noise pollution, and disruptions to Indigenous subsistence activities. Despite geopolitical sanctions, the document argues that Russia's long-term commitment to Arctic infrastructure and the growing interest of 'near-Arctic' states like China will likely sustain the increase in traffic, necessitating urgent international cooperation and stricter shipping regulations to protect the fragile ecosystem.

The document warns against a surge of new LNG terminal projects in Europe triggered by the energy crisis following the Russian invasion of Ukraine. It argues these projects will not solve short-term energy shortages due to construction delays and market constraints, while risking long-term 'carbon lock-in' and increased methane emissions. The author specifically criticizes the opacity of the Le Havre floating terminal project and calls on private financial institutions, including GFANZ members, to implement exclusions for LNG infrastructure to align with 1.5°C warming targets.

The document warns against the proliferation of LNG import terminals in Europe, arguing they will not solve the immediate energy crisis and will create long-term fossil fuel dependency. It calls on private financial institutions to deny funding for these projects to prevent carbon lock-in and mitigate methane emissions.

A coalition of environmental organizations opposes Venture Global's CP2 Express Pipeline project, arguing that the application is incomplete, fails to assess cumulative environmental impacts, and violates the public trust duties of the Louisiana Department of Natural Resources.

Recourse advocates for climate justice for Pakistan, which has suffered record heatwaves and floods affecting 33 million people. The organization demands that the World Bank and IMF provide grants rather than loans for reconstruction, cancel Pakistan's debt, and support a just energy transition based on sustainable renewable energy instead of imported fossil gas.

The briefing challenges the narrative that natural gas is a clean energy alternative, detailing the high methane potency and life-cycle emissions of LNG. It highlights that Bangladesh has over US $16 billion in gas infrastructure in development despite existing power overcapacity. The document argues that gas 'lock-in' impedes renewable energy adoption and notes that coal-to-gas conversions offer limited greenhouse gas reductions. It concludes by advocating for a total phase-out of fossil fuels in favor of utility-scale renewables to meet 2050 climate goals.

The Private Equity Climate Risks Scorecard 2022 evaluates eight major private equity firms on their fossil fuel exposure, downstream emissions, and alignment with science-based climate targets. The analysis finds that most of these firms maintain significant fossil fuel holdings and lack transparency, with The Carlyle Group ranking lowest (F) and TPG Capital ranking highest (B). The report argues that private equity firms often acquire polluting assets shed by public markets, thereby increasing climate and financial risks while operating with minimal regulatory oversight. It concludes with five primary demands for the industry, including aligning with 1.5°C warming targets and disclosing full fossil fuel exposure.

Cyprus currently relies heavily on fossil fuels and suffers from energy isolation and high electricity costs. The report proposes a 'green pivot' involving grid interconnectivity via projects like the EuroAsia Interconnector, the liberalisation of the electricity market through the 'Net Pool' model, and increased investment in solar power and energy storage. By comparing Cyprus to the successful Nordic model, the authors suggest that physical interconnectivity and market transparency could reduce CO2 emissions and lower annual electricity bills for the average consumer by approximately €200.

The report contends that Europe's rapid expansion of LNG import capacity in response to the Russian gas crisis is disproportionate and environmentally damaging. It argues that new terminals will not address short-term energy needs due to long construction timelines, will create carbon lock-in, and increase methane emissions, particularly from US shale gas. The author asserts that existing capacity is sufficient to meet demand under net-zero scenarios and that funds should instead be diverted to renewable energy and energy efficiency to avoid worsening energy poverty and impacting the Global South.

The document asserts that Canada lacks the necessary infrastructure to provide immediate LNG supplies to the EU following the Russian invasion of Ukraine. It highlights that while the EU seeks short-term alternatives, it is simultaneously accelerating its 'Fit for 55' and 'REPower' plans to reduce gas demand and achieve climate neutrality. With new Canadian projects taking at least three years to complete, the author concludes that such investments risk becoming stranded assets as European demand declines.

The document examines the tension between Africa's significant natural gas resources and the global shift toward net-zero emissions. It argues that while gas provides short-term revenue and energy security, long-term investments face high risks of becoming stranded assets due to declining global demand and the falling costs of renewable energy. The paper advocates for leveraging climate finance to scale up renewables and green hydrogen, which it presents as more sustainable pathways for economic diversification and energy access.

The document examines the feasibility of using Canadian LNG to replace Russian gas in the EU, concluding that the 3-to-5-year timeline for building new Canadian facilities is incompatible with the EU's immediate needs and its medium-term goal of phasing out gas by 2025-2027.

The EU is phasing out Russian oil, which accounted for over 25 percent of its 2021 imports. While replacing these streams is technically complex due to refinery design requirements regarding sulfur and density, the report argues that the EU can reduce its carbon footprint by sourcing lower-emissions crudes. For example, Saudi Arab Light is identified as a potential substitute for Russian Urals crude that could lower emissions. Additionally, the report suggests that using hydrotreated intermediates could reduce EU refinery hydrogen demand, which currently represents nearly 10 percent of EU natural gas imports from Russia.