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The document contends that JETP countries should leapfrog fossil gas to avoid economic volatility and asset stranding, instead leveraging their significant solar and wind resources to improve energy access and ensure a climate-safe transition.

The document examines the IEA's WEO 2022, specifically the Net-Zero by 2050 (NZE) scenario, to outline a transition from fossil fuels to clean energy. It argues that fossil fuel demand is peaking and that achieving the 1.5°C target requires a total transformation of energy investment, characterized by a '9 for 1' ratio of clean energy to fossil fuel spending by 2030.

The document contends that the current energy crisis is a "natural gas market crisis" caused by fossil fuel price volatility, specifically citing the Russian invasion of Ukraine and post-pandemic recovery. It argues that natural gas is incompatible with the 1.5°C and 2°C Paris Agreement targets, noting that global gas emissions rose 23% between 2010 and 2019. The briefing highlights that solar and onshore wind are now cheaper than gas for two-thirds of the global population and that new gas projects face significant stranded asset risks, such as a USD 13 billion risk in the UK by 2050. It dismisses Carbon Capture and Storage (CCS) as an effective solution, noting that only 27 of over 260 projects undertaken between 1995 and 2018 were completed. Finally, it argues that for Africa, renewables are the fastest and cheapest way to expand energy access, as gas costs are projected to be double those of solar and wind by 2030.

The global energy crisis has exposed critical vulnerabilities in the energy systems of Southeast Asian nations, particularly their reliance on imported fossil fuels. While governments in Indonesia, Thailand, the Philippines, and Viet Nam have implemented short-term measures to mitigate price shocks and secure fuel supplies, the report argues that these responses fail to address underlying vulnerabilities. It calls for an acceleration of fossil fuel phasedowns, a reconsideration of natural gas as a transition fuel, and a prioritisation of renewable energy scale-ups and energy efficiency to build long-term resilience.

The report warns that massive LNG expansion and a lack of ambitious national climate targets are jeopardizing the 1.5°C warming limit. It highlights that current 2030 targets lead to 2.4°C of warming and that LNG capacity under construction could increase emissions by over 1.9 GtCO2e per year by 2030 above Net Zero scenarios. While some policy progress is noted in the US, China, and the EU, international climate finance remains insufficient, and the phase-down of coal is largely being ignored by major emitters.

Recourse argues that the MDBs' COP27 Joint Statement is a disappointment because it ignores the 1.5°C warming target and obscures the fact that MDB support for fossil fuels exceeds their financing for renewables. The organization highlights a lack of transparency regarding Paris Agreement alignment methodologies and calls for the MDBs to rule out fossil gas and LNG as transition fuels.

The Competition Bureau of Canada has commenced an inquiry into the Canadian Gas Association (CGA) following an application by the Canadian Association of Physicians for the Environment. The investigation focuses on whether the CGA engaged in reviewable conduct under the Competition Act through its "Fuelling Canada" advertising campaign and other public representations concerning natural gas.

The document argues that climate finance for Africa is grossly insufficient, with an estimated annual shortfall of $112 billion for the 2020-2030 period. It calls for a total commitment of $1.3 trillion from rich countries to cover adaptation, mitigation, and loss and damage, while advocating for the use of natural gas as a transition fuel and the reform of the global financial architecture.

The document outlines the role of fossil fuel transition strategies in shifting power sectors toward clean energy, driven by the fact that renewables are now the lowest-cost power source for most countries. It examines how utilities and governments are utilizing new financing and reinvestment opportunities to transition coal fleets and limit new gas infrastructure while mitigating impacts on ratepayers.

The document asserts that based on the IEA's 2022 World Energy Outlook, there is no viable long-term scenario for the growth of fossil fuels, including natural gas. It argues that expanding long-lived infrastructure like liquefied natural gas (LNG) is a risky gamble for public funds, especially as Canada faces competition from lower-cost suppliers like the United States and Qatar. The author concludes that the only durable solution to the current energy and climate crises is a dramatic scaling up of clean energy and energy efficiency.

The report finds that LNG developments in Mozambique and Tanzania face significant transition risks, with asset values potentially dropping by 61% and 69% respectively in a 'Well Below Two Degrees Centigrade' (WB2C) scenario. In a 'Net Zero by 2050' (NZE) scenario, most projects would become uneconomic or 'value destructive' for investors. The authors argue that pursuing domestic gas-led industrialisation could further erode the viability of export projects and may require substantial government subsidies, potentially costing Tanzania approximately $5 billion over 30 years. Consequently, governments face material downside risks to public finances, as they intend to use gas revenues for public expenditure.

The report examines the impact of global decarbonisation on Africa's natural gas sector, distinguishing between existing and emerging producers. It argues that faster global transitions to net-zero emissions will reduce LNG demand and prices, creating 'external' climate transition risks that threaten the viability of future projects. The analysis suggests that domestic demand is an insufficient hedge against these risks due to regulated low prices and the increasing competitiveness of renewable energy. Emerging producers are identified as particularly vulnerable due to weaker sovereign credit ratings and the timing of their infrastructure investments.

The document examines the role of Just Energy Transition Partnerships (JETPs) in facilitating the shift from fossil fuels to clean energy in five emerging economies. It argues against the use of natural gas as a 'bridging fuel,' citing price volatility, the risk of stranded assets, and methane emissions. Instead, it advocates for 'leapfrogging' directly to renewables, noting that solar and wind are cost-competitive and better suited for expanding energy access in rural areas. The brief emphasizes that a gas-led transition would be economically disadvantageous and inconsistent with the 1.5°C Paris Agreement goal.

The document argues that the Paris financial center continues to support oil and gas expansion despite commitments to the 1.5°C goal. It systematically dismantles ten 'received ideas' used by banks, insurers, and asset managers to justify this support, citing IEA and IPCC data to show that no new fossil fuel projects are compatible with net-zero pathways. The briefing highlights that 'transition' claims by oil majors are often unsupported by investment data and that engagement without the threat of exclusion is ineffective.

The briefing challenges the narrative of natural gas as a climate solution, asserting that a global gas-based electricity system would be as harmful as one based on coal due to value chain emissions and methane's potency. It distinguishes between 'baseload' and 'peak' power, arguing that baseload plants are becoming obsolete as renewable penetration increases. While open-cycle gas turbines (OCGT) can provide necessary short-term flexibility to handle demand peaks, combined-cycle gas turbines (CCGT) lack the required agility and commercial viability in renewable-heavy grids. For long-term seasonal flexibility, the document cites IEA scenarios suggesting existing thermal plants and pumped-storage hydropower are sufficient, rendering new gas plants unnecessary. Reclaim Finance calls for financial actors to immediately cease all financial services supporting gas expansion, including new fields and LNG export terminals.

The report argues that global oil and gas production must drop by at least 65% by 2050 to align with 1.5°C scenarios, warning that new oil and gas fields would either prevent this goal or create stranded assets. It finds that planned investments for new fossil fuels through 2030 could instead fully fund the necessary wind and solar expansion. Additionally, the report concludes that Europe possesses sufficient gas import capacities to meet its 1.5°C-compatible demand from 2024 onwards without relying on Russian supply.

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 NewClimate Institute criticizes the German government for contradictions between its climate ambitions and its foreign policy actions, specifically citing the support for gas exploration in Senegal and insufficient climate finance. It urges the implementation of a cross-departmental foreign policy strategy in 2023 to ensure consistency across all ministries, including those led by the FDP, and recommends independent monitoring of progress.

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.