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ClientEarth calls on the European Parliament to veto the Taxonomy Complementary Delegated Act, asserting that the inclusion of fossil gas and nuclear energy as sustainable activities undermines the EU's climate leadership and violates several legal requirements, including the European Climate Law and the Taxonomy Regulation.

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 analyzes the international public finance (IPF) trends of high-income signatories of the Glasgow Statement, evaluating their fossil fuel exclusion policies and clean energy strategies. It finds that while some robust practices exist, many signatories lack transparent policies, particularly regarding gas exclusions and concrete clean energy targets. The document highlights the potential to shift USD 28 billion annually from fossil fuels to clean energy and uses case studies from Ethiopia and Sri Lanka to demonstrate how this shift can prevent fossil fuel lock-in and support just transitions in low- and middle-income countries.

The report argues that governments are reacting to the energy crisis by prioritizing short-term fossil fuel security over long-term decarbonization, risking a 'gold rush' for new gas infrastructure and domestic production. While some progress in renewables and green hydrogen is noted, the authors highlight a prevalence of 'bad practices' such as fossil fuel subsidies, tax cuts for petrol, and the expansion of LNG facilities. The document provides a framework of 'do's and don'ts', urging governments to instead focus on energy efficiency, electrification, behavioral changes, and the reinvestment of fossil fuel windfall profits into clean energy to avoid stranded assets and irreversible warming.

A fact sheet by the NewClimate Institute arguing that natural gas cannot sustainably meet Africa's energy demands and that the continent should instead transition to renewable energy to avoid stranded assets and economic risks.

The Clean Air Task Force asserts that Europe can address its energy security needs and reduce climate impact by targeting wasted methane in Algeria. It highlights that Algeria's wasted gas volume exceeds the amount Italy seeks in new deals and that capturing this gas is more climate-friendly and potentially more lucrative than new drilling.

A coalition of NGOs argues that TotalEnergies' climate strategy is incompatible with the 1.5°C goal, citing insufficient decarbonization targets and continued fossil fuel expansion. They call on investors to vote against the company's climate strategy and the reappointment of specific directors at the May 2022 Annual General Meeting, and to suspend new financial services to the company.

The report contends that fossil gas cannot be considered a transition fuel due to significant methane leakage and the need for rapid decarbonisation by 2030. It argues that the EU's Complementary Delegated Act threatens the credibility of the EU Taxonomy by allowing fossil gas as a transitional activity. The document advocates for a rapid shift to low-carbon hydrogen, prioritised for hard-to-abate sectors, and warns against 'gas blending' as an inefficient decarbonisation strategy. It recommends the use of additionality requirements for electrolysers to prevent them from cannibalising renewable energy growth and suggests various financial mechanisms, including Carbon Contracts for Difference (CCfDs) and green public procurement, to mobilise investment. The report also emphasizes the need for a Just Transition to protect workers and low-income households from the regressive effects of carbon pricing.

The report identifies that Canada must increase the share of electricity in commercial and institutional building heating from less than 15% to at least 75% by 2050 to reach net-zero goals. It highlights three primary obstacles: the low cost of natural gas, a lack of internal planning capacity and a 'business-as-usual' bias among technical experts, and significant capital constraints for building owners. To address these, the report proposes five catalysts: short-term electrification plans for businesses, integrating net-zero mandates into utility and regulatory frameworks, aligning utility planning with net-zero trajectories to ensure clean energy supply, establishing building performance standards, and developing innovative public-private financing models. Examples of progress include the bi-energy strategy in Quebec and performance standards in Vancouver, Toronto, and Montreal.

The report contends that natural gas expansion in Africa contradicts the Paris Agreement and poses significant economic and environmental risks. It argues that renewable energy is more cost-effective and creates more sustainable employment than the fossil fuel industry. Through case studies of Egypt, Nigeria, and Senegal, the document demonstrates that shifting from gas-based power to high-renewable scenarios would increase job creation and, in the case of Egypt, significantly reduce premature deaths from air pollution. It concludes that developed nations must stop financing fossil fuels and increase climate finance to support Africa's transition to zero-emissions energy systems.

Reclaim Finance has issued a series of formal questions to Société Générale regarding the bank's alignment with a 1.5°C warming trajectory. The document argues that Société Générale continues to provide significant financial services to major oil and gas developers, including ExxonMobil, Chevron, TotalEnergies, and BP, and fails to effectively exclude non-conventional hydrocarbons and coal-producing parent companies from its portfolios.

The briefing concludes that Shell's strategy is not on track to meet the 1.5°C climate goal, predicting the company will exceed its allocated carbon budget by 2034. Despite a net-zero ambition for 2050, the analysis finds that Shell's short-term plans rely on unrealistic offsets and continued investment in oil and gas expansion. The report highlights that Shell remains a top global hydrocarbon developer, with approximately 90% of its 2022 CAPEX allocated to fossil fuels, which contradicts the deep emission cuts required for 1.5°C alignment.

The document analyzes the resource requirements and potential externalities of direct air capture (DAC) at both a single-plant (1 MtCO2/year) and a system-wide (0.5 GtCO2/year) scale. It finds that while on-site emissions are low, significant impacts arise from energy demand, land use, and the materials supply chain. The authors argue that responsible scaling requires project-specific social and environmental impact assessments, robust community engagement, and the use of legal agreements like Community Benefits Agreements to ensure equitable distribution of benefits, such as job creation.

As of February 2022, the EU planned a 24.9% increase in gas import capacity to 160.2 bcm/y, costing an estimated €26.4 billion. This includes 16 pipelines under construction and 62 proposed projects, alongside several LNG terminal expansions. The report states these plans conflict with EU gas reduction requirements, the IEA Net Zero by 2050 scenario, and IPCC warnings regarding methane emissions.

Reclaim Finance criticizes RWE for maintaining a coal phase-out target of 2038, which it claims is eight years behind scientific recommendations. The organization highlights RWE's role as one of Europe's largest CO2 emitters, its reliance on fossil gas as a bridge fuel, and its efforts to obtain €2.6 billion in compensation from the German government. It specifically calls on major shareholders, including Crédit Agricole/Amundi, Société Générale, and BNP Paribas, to use the upcoming AGM to sanction the company's lack of a coherent transition strategy.

The study identifies fuel type, kitchen volume, cooking methods, and ventilation as the primary drivers of in-kitchen particulate matter exposure in low-income homes across 12 global cities. The highest concentrations were found in Dhaka, driven by small kitchen size and extensive frying, while the lowest were in Medellín. The research highlights that charcoal use significantly increases PM2.5 levels compared to natural gas or LPG, and that dual ventilation (mechanical and natural) is more effective at reducing pollutants than natural ventilation alone.

The authors evaluate the EU and German recovery funds, noting that while they are framed as 'green', much of the funding remains conditional or vague. They contrast this with the 2008 financial crisis, where green investments were limited. The text emphasizes the role of the European Parliament in ensuring accountability and pushing for a 60% CO2 reduction by 2030, while warning that Germany's current plans may not meet its 65% renewable energy target due to restrictive zoning laws and continued fossil fuel subsidies.

Reclaim Finance criticizes ENGIE's transition plan, noting that its coal exit is largely achieved through selling assets rather than closing them, and that the company is increasingly dependent on fossil gas. The briefing warns that ENGIE's reliance on hypothetical future technologies like green hydrogen and its continued gas expansion in several countries are incompatible with a 1.5°C warming limit, calling for investor action at the company's General Meeting.

Reclaim Finance argues that ENGIE's climate strategy is inadequate because it relies on selling coal assets rather than shutting them down and maintains a heavy dependence on fossil gas. The briefing advises investors to vote against the company's "Say on Climate" resolution at the upcoming AGM, noting that ENGIE's targets align with a "well below 2°C" world rather than a 1.5°C pathway.

The statement criticizes the World Bank and IFC for supporting an unsustainable gas-based energy model in Bangladesh and calls for an immediate shift toward renewable energy to avoid stranded assets and align with the Paris Agreement.