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Microsoft Word - APS Letter.docx
SGR calls on the American Physical Society to disclose investments over $5,000, phase out ties to companies not aligned with the 2°C Paris Agreement goal, and adopt a formal environmental policy. The letter highlights a trend of divestment among other professional bodies and universities in the US and UK.
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Document type: Statement
Climate looms large over Biden’s first State of the Union—will the coverage say so?
The author urges journalists to ensure climate change remains a central part of the coverage for President Joe Biden's first State of the Union address. While acknowledging Biden's achievements—such as rejoining the Paris Agreement and signing a $1.2 trillion infrastructure bill—the text highlights contradictions, including the continued approval of oil and gas permits and the failure of the Build Back Better bill. The author contends that the press should challenge overly optimistic narratives and hold both the administration and political obstructionists accountable, noting that the West's reliance on fossil fuels complicates the response to the crisis in Ukraine.
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Document type: Statement
Green Infrastructure Investment Opportunities INDONESIA: Green Recovery 2022 REPORT
The report outlines Indonesia's need for USD 322.8 billion in climate-compatible infrastructure by 2030, focusing on renewable energy, low-carbon transport, sustainable water, and waste management. It highlights a significant financing gap and argues for the use of green bonds, blended finance, and de-risking mechanisms to attract private investment. The document also details the role of the SDG Indonesia One platform and the ASEAN Catalytic Green Finance Facility in bridging these gaps.
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Document type: Report
Cadre pour les plans de réduction des émissions du Canada
The Canadian Climate Institute outlines a three-pillar framework for Canada's emission reduction plans: establishing net-zero aligned emission trajectories, implementing credible policies with concrete measures, and creating responsive governance processes for continuous improvement. The report emphasizes the need for transparent modeling, sector-specific trajectories, and independent annual monitoring to fill gaps in the current legislative framework. It includes modeling for various sectors, noting that the oil and gas sector exhibits the highest variability and significantly influences the emissions budget for other sectors.
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Document type: Report
What Makes a Transition Plan Credible?
The document provides a framework for financial institutions to assess whether a counterparty's transition plan is credible, emphasizing quantitative targets, whole-institution integration, and sustainability. It argues that financial institutions should move beyond risk assessment to 'double materiality'—considering a company's impact on the climate. The brief also addresses the need for capacity building in developing economies and the advocacy for global, standardized climate disclosure frameworks to reduce greenwashing and ensure a just transition.
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Document type: Briefing
PARIS ALIGNMENT OF POWER SECTOR FINANCE FLOWS IN INDIA
The document analyzes India's power sector financing between 2013 and 2019, noting that while utility-scale renewables dominate tracked commitments, continued investment in coal-fired power remains a significant barrier to Paris Agreement alignment. It highlights the risk of stranded assets in the thermal sector and recommends a shift toward green bonds, improved transmission infrastructure, and the accelerated decommissioning of old coal plants to meet 2030 climate targets.
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Document type: Policy brief
PARIS ALIGNMENT OF POWER SECTOR FINANCE FLOWS IN INDONESIA
The document analyzes power sector financing in Indonesia from 2015 to 2020, revealing a significant investment gap in renewables and a continued reliance on fossil fuels. While international finance for coal dropped sharply after 2018, domestic finance remains heavily skewed toward fossil fuels. To meet the 2060 Net Zero target, Indonesia requires USD 16.1 billion in annual renewable energy investment, far exceeding the tracked average of USD 2.7 billion. The report highlights solar energy as having the largest investment gap and suggests leveraging blended finance, green sukuks, and the Energy Transition Mechanism to accelerate the transition.
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Document type: Policy brief
SIZING UP COAL MINE METHANE
Global Energy Monitor (GEM) finds that operating coal mines emit 52.3 million tonnes of methane per year, exceeding IEA estimates for oil and gas. The analysis identifies China, specifically Shanxi province, as the primary source of these emissions. GEM warns that proposed mine projects could add another 11.3 million tonnes annually, effectively locking in emissions equivalent to the coal-based CO2 emissions of the United States. To meet Net Zero 2030 targets, the report argues for a faster coal phase-out and the cancellation of new projects, as current mitigation measures are often insufficient or circumvented.
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Document type: Report
Boom and Bust Gas
The report finds that global gas-fired power capacity in development (615 GW) now exceeds that of coal (457 GW), representing an estimated US$509 billion in capital expenditure. This expansion is described as ubiquitous across all continents, directly conflicting with the IEA's 1.5°C net-zero pathway. The authors argue that these investments face significant stranded asset risks as clean energy portfolios (CEPs) increasingly outcompete gas on cost, particularly in the US and Australia.
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Document type: Report
PARIS ALIGNMENT OF POWER SECTOR FINANCE FLOWS IN INDONESIA
The document analyzes power sector financing in Indonesia from 2015 to 2020, revealing a significant investment gap for renewables and a continued reliance on fossil fuels. While international finance for coal dropped sharply after 2018, domestic finance remains heavily skewed toward fossil fuels. To meet the 2060 Net Zero target, Indonesia requires USD 16.1 billion annually for renewables, compared to a tracked average of USD 2.7 billion. The report highlights solar energy as having the largest investment gap and suggests leveraging blended finance, green sukuk, and the Energy Transition Mechanism to phase out coal and scale up clean energy.
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Document type: Briefing
Energy Institute Update on financial links with fossil fuels and arms corporations
The Energy Institute has introduced an environmental policy and shifted its governing council toward renewable energy expertise, but it maintains significant financial ties to the fossil fuel industry through memberships and event sponsorships. While it no longer invests in arms companies, its investment transparency remains limited, and it has not committed to a formal policy excluding all fossil fuel investments.
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Document type: Report
Institution of Engineering and Technology (IET) Update on financial links with fossil fuels and arms corporations
The report by Scientists for Global Responsibility (SGR) finds that the Institution of Engineering and Technology (IET) maintains significant financial ties to the arms and fossil fuel sectors through investments, corporate partnerships, and sponsorships. Despite adopting an ESG policy in 2019 and setting a net-zero target for its own operations, the IET has not excluded any asset types from its investments. SGR highlights that the IET invests in funds containing thermal coal, oil sands, and various controversial and nuclear weapons. Furthermore, the IET maintains corporate partnerships with numerous arms companies and fossil fuel giants like BP and Shell. SGR argues these links contradict the IET's stated values of integrity and its goal of 'working to engineer a better world', especially as peers in other scientific and medical fields have moved toward full divestment.
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Document type: Report
Comments on how the global production gap can be considered in assessing the climate compatibility of UK’s future oil and gas licensing
The authors argue that any climate compatibility checkpoint for UK oil and gas licensing must be based on a rapid wind-down of production consistent with 1.5°C pathways. They highlight that while different IPCC scenarios vary in their assumptions regarding carbon dioxide removal (CDR) and methane reductions, all require production to peak by 2020 for oil and 2025 for gas. The authors suggest that as a high-income country with low revenue dependence on fossil fuels, the UK should adopt a precautionary approach and potentially decrease production faster than the global average to ensure an equitable transition. They further refute the claim that reducing UK production would not impact global emissions, citing empirical evidence that supply reductions increase prices and lower global consumption.
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Document type: Statement
Muddying the waters: our response to Amundi
Reclaim Finance argues that Amundi's growth in passive management, specifically through the takeover of Lyxor, has increased the volume of assets not covered by coal policies. The organization contends that Amundi's reliance on ESG filters is insufficient, as approximately 60% of its passively managed assets remain exempt from coal-related restrictions. Furthermore, Reclaim Finance claims Amundi supports companies like Glencore that pursue coal expansion and maintains an unconventional oil and gas policy that allows investments in companies responsible for 75% of global production expansion plans.
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Document type: Statement
Beyond Brussels and Addis Ababa: How to make the AU-EU partnership work
The commentary assesses the challenges of the African Union (AU) and European Union (EU) partnership, noting that while common interests exist, translating them into impact remains difficult. It calls for a shift from a donor-recipient model to one based on African ownership and private sector engagement. Key areas for cooperation include a just green transition that supports African industrialisation, coordinated health systems for local pharmaceutical manufacturing, and technical support for the African Continental Free Trade Area (AfCFTA). The authors emphasize that the EU must recognize global climate injustice and provide sufficient financing to ensure African economies benefit from the green transition.
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Document type: Statement
AG 2022 : test décisif pour les Say on Climate
The document assesses the role of 'Say on Climate' resolutions in corporate governance, highlighting their utility for financial actors needing climate data to meet reporting requirements and net-zero commitments. While these non-prescriptive votes can rally more shareholders and avoid legal conflicts with board competencies, the author warns of significant greenwashing risks, citing TotalEnergies' 2021 AG where a deficient plan received 92% approval. To ensure credibility, the text urges shareholders to demand annual votes based on exhaustive criteria that allow for the evaluation of alignment with a 1.5°C trajectory and to vote against incomplete or non-aligned plans.
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Document type: Statement
Regulating corporate green claims and greenwashing
Carbon Market Watch calls for a ban on corporate "net zero" and "carbon neutrality" claims, arguing that these terms are ambiguous and often mask inaction. The brief recommends that governments, particularly in the EU, require companies to report absolute emission reductions separately from external financing and to cover all value chain emissions (Scopes 1-3). It further warns against the use of low-quality carbon credits and the risk of double counting under Article 6 of the Paris Agreement.
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Document type: Policy brief
Bank of England lets big polluters slip through the net
Reclaim Finance argues that the Bank of England's (BoE) strategy to decarbonize its corporate sector purchases scheme (CBPS) is insufficient. While the BoE has implemented a Paris-aligned phase-out of coal, the organization claims the framework contains loopholes for oil and gas developers, relies on a slow 'escalation ladder' for divestment, and excludes scope 3 emissions from its targets and scorecard. The document also references quantitative research suggesting the BoE's 'market neutrality' approach may prevent a substantive reduction in the portfolio's carbon intensity.
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Document type: Statement
Learning as we create: The art and the science of corporate climate target setting
The We Mean Business Coalition views current corporate net-zero commitments as a global experiment where first-movers must be encouraged to course-correct rather than be deterred by criticism. The Coalition advocates for an 'ambition loop' where voluntary corporate action drives more ambitious government policy, and vice versa. To support this transition, the Coalition highlights the importance of tools like the SBTi Net-Zero Standard and the work of the International Sustainability Standards Board (ISSB) to ensure transparency and consistency in reporting.
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Document type: Statement
Time for financial institutions to show urgency on halving emissions by 2030
The statement criticizes the Glasgow Financial Alliance for Net Zero (GFANZ) and its member alliances for a lack of urgency in meeting the '50x30' target of halving emissions by 2030. It highlights that most alliances lack near-term targets, allow the use of emission intensity metrics instead of absolute emissions, and fail to prohibit the financing of fossil fuel expansion.
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Document type: Statement