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The paper examines environmental integrity in international carbon markets, defining it as a state where carbon unit transfers result in the same or lower aggregated global emissions. It identifies four primary risk factors: accounting for transfers, the quality of generated units, the ambition of transferring countries' targets, and potential disincentives for future mitigation action. The author recommends that policy-makers employ a combination of approaches to mitigate these risks.

The Centre for Environmental Rights (CER), writing on behalf of the Life After Coal Campaign, calls on ABSA Group Limited to cease financing the Thabametsi and Khanyisa coal-fired power stations. The CER argues that these projects are not 'procured' due to missing or challenged legal authorisations, including atmospheric emission and water use licences. The document asserts that the 2018 draft Integrated Resource Plan (IRP) incorrectly includes these projects despite a 'least cost' option consisting only of solar, wind, and gas. The CER highlights that the plants would be located in polluted air quality priority areas, causing severe health impacts and producing greenhouse gas emissions nearly 60% higher than the Medupi and Kusile stations. Financially, the CER claims the inclusion of new coal in the draft IRP would cost South Africa nearly R20 billion more than necessary, increasing costs for consumers.

The Centre for Environmental Rights (CER), representing the Life After Coal Campaign, argues that financing the Thabametsi and Khanyisa coal-fired power plants is unjustifiable. The document asserts that these projects are not 'least-cost' options, face significant legal challenges regarding environmental and water licenses, and would cause severe health and climate damage. It specifically calls on FirstRand Bank to cease support for Thabametsi to avoid reputational risk and align with its own commitments to a lower-carbon economy.

The Centre for Environmental Rights (CER), writing on behalf of the Life After Coal Campaign, calls on Nedbank to cease financing the Thabametsi and Khanyisa coal-fired power stations. The CER argues that these projects, part of the Coal Baseload Independent Power Producer Procurement Programme (CBIPPPP), are not 'procured' as claimed in the draft Integrated Resource Plan (IRP) 2018 because they lack essential legal authorisations, including atmospheric emission and water use licences. The document asserts that these plants are unnecessary for electricity supply, excessively expensive, and would cost South Africa nearly R20 billion more than required. Furthermore, it highlights severe health risks for residents in the Waterberg-Bojanala and Highveld Priority Areas and warns that the plants' high greenhouse gas emission intensities would undermine South Africa's Paris Agreement commitments. The CER criticizes Nedbank for excluding these 'existing commitments' from its 2018 policy against financing new coal-fired power plants.

The Centre for Environmental Rights (CER), writing on behalf of the Life After Coal Campaign, has called on Standard Bank to cease financing the Thabametsi and Khanyisa coal-fired power stations. The CER argues that these projects are not 'procured' due to missing atmospheric emission, water use, and generation licences, and are subject to High Court reviews. The document asserts that the 2018 draft Integrated Resource Plan (IRP) incorrectly includes these projects despite a 'least cost' option consisting only of solar, wind, and gas. The CER claims the projects would cost South Africa nearly R20 billion more than necessary, increase electricity prices for consumers, and exacerbate severe health issues in the Waterberg-Bojanala and Highveld Priority Areas. Furthermore, the CER highlights that these plants would have greenhouse gas emission intensities 'almost 60% higher than Eskom’s Medupi and Kusile power stations', undermining South Africa's Paris Agreement commitments.

A joint letter from environmental NGOs argues that the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) is environmentally weak and inconsistent with the Paris Agreement. The authors demand that the EU maintain the more ambitious EU ETS for aviation and refrain from committing to CORSIA's voluntary phases until the legal review of the ETS Directive is finished.

Carbon Market Watch calls for the operationalization of rules for Article 6 that prioritize the avoidance of double counting, a clear end date for the transition from Kyoto Protocol mechanisms, and the implementation of robust human rights and social safeguards to prevent the adverse impacts seen under the Clean Development Mechanism.

The document introduces the concept of alignment across three major international policy frameworks: the 2030 Agenda for Sustainable Development, the Paris Agreement, and the Sendai Framework for Disaster Risk Reduction. It argues that because climate change threatens sustainable development, development efforts must be resilient to climate impacts and disaster risks to remain sustainable.

The Climate Bonds Initiative (CBI) employs a three-step screening process to identify and validate green bonds and loans for its database. This involves identifying self-labeled green instruments, verifying alignment with the Climate Bonds Taxonomy across eight sectors, and ensuring at least 95% of proceeds are allocated to eligible green assets. The methodology explicitly excludes fossil fuel energy and projects that extend the life of fossil fuel assets. Instruments are categorized as included, pending, or excluded, with a mechanism for reclassification based on new data or updated scientific criteria.

The Climate Bonds Initiative (CBI) employs a three-step screening process to identify eligible green bonds and loans for its database: identifying green-labelled bonds, screening assets against the Climate Bonds Taxonomy, and evaluating the allocation of proceeds. To be included, a bond must allocate at least 95% of its proceeds to aligned green assets; any bond where more than 5% of proceeds are used for working capital, social projects, or non-aligned assets is excluded. The methodology explicitly excludes fossil fuel energy and any assets that extend the life of fossil fuel usage, such as 'clean coal'. The Climate Bonds Taxonomy covers eight categories: energy, transport, buildings, water management, waste management & pollution control, nature-based assets, industry & energy-intensive commercial, and information technology & communications (ICT).

The report argues that coal transitions are already underway due to economic shifts, the falling cost of renewables, and environmental concerns, independent of climate policy. Through analysis of China, India, South Africa, Poland, Germany, and Australia, it concludes that phasing out coal is technically feasible and cost-neutral or advantageous for consumers. It emphasizes that a 'just transition' for workers and communities is possible through early stakeholder consultation, tailored workforce programs, and regional economic diversification. The document also warns coal exporters of the risks of stranded assets and the potential for abrupt declines in global demand.

The document analyzes energy efficiency (EE) and productive efficiency in 106 Brazilian industrial sectors. It finds that while the efficiency of typical firms improved between 2003 and 2015, the market share of the most efficient firms declined. The analysis suggests that resource reallocation—particularly correcting capital distortions—could significantly increase total factor productivity, far exceeding the gains from energy efficiency improvements alone. It argues that Brazil's EE policies have historically been reactive and focused on residential use, neglecting the industrial sector, which is the largest energy consumer.

The report explores how jurisdictions can cooperate through 'carbon pricing clubs' to link carbon pricing instruments (CPIs) and reduce emissions cost-effectively. By analyzing non-climate institutions—specifically APEC, MTCR, OECD, and IFTA—the authors identify key governance dimensions: membership rules, decision-making processes, and compliance mechanisms. The report argues that 'hard coordination' and exclusive membership are essential for maintaining environmental integrity, while centralized secretariats can reduce administrative burdens and facilitate technical alignment. It concludes that a combination of strict accession criteria, peer-review processes, and flexible decision-making (such as majority voting) can help clubs adapt to changing political and economic circumstances while safeguarding their environmental goals.

Carbon Market Watch advocates for a single mechanism under Article 6 of the Paris Agreement to replace Kyoto Protocol mechanisms and prevent the use of CDM credits post-2020. To ensure the aviation sector's use of offsets does not hinder global mitigation, the organization proposes a ratchet mechanism on NDC scope, rules to prevent double counting via corresponding adjustments, and a 50% discount rate on offset credits. Additionally, it recommends establishing detailed rules for local stakeholder consultations and a grievance mechanism to protect communities from project-related adverse impacts.

The report evaluates the impact of climate commitments from over 6,000 cities, states, and regions and more than 2,000 companies. While these non-state actors can significantly lower emissions, their actions alone are insufficient to limit global temperature increases to 1.5°C or well-below 2°C. Full implementation of individual commitments could reduce global emissions by 1.5 to 2.2 GtCO2e/year by 2030 compared to current national policies, while international cooperative initiatives could further reduce 2030 emissions by approximately one-third (15-23 GtCO2e/year).

The author suggests that the Talanoa Dialogue should be used as a platform for countries to share and replicate successful low-carbon policies. Based on a specific scenario, replicating successful policies in sectors covering 65% of global emissions could reduce emissions by approximately 10 GtCO2e by 2030 compared to current policies, effectively halving the reductions needed to keep temperature rise below 2 °C.

The Green Climate Fund (GCF) is approaching the trigger point for resource replenishment, having committed $3.5 billion across 74 projects. However, the GCF Board is currently facing a logjam regarding how to launch this process, with developing countries seeking a more inclusive approach than the 2014 'initial resource mobilization'. The author proposes appointing an independent, high-level external facilitator—similar to a COP presidency—to consult with all stakeholders and resolve diplomatic impasses to ensure predictable climate finance for the Paris Agreement.

The briefing highlights the dual role of the mining industry in the energy transition, noting its necessity in providing raw materials for low-carbon technologies while remaining a significant source of global emissions. It advocates for the adoption of science-based targets, the use of the Task Force on Climate-related Financial Disclosures (TCFD) framework, and the cocreation of a comprehensive decarbonization pathway to mitigate physical and financial climate risks.

The CER argues that the DBSA's potential financing of the Thabametsi and Khanyisa coal-fired power plants contradicts its mandate for sustainable development and violates constitutional environmental rights. The CER highlights that these projects face significant legal challenges regarding licenses and would result in greenhouse gas emission intensities nearly 60% higher than Eskom's Medupi and Kusile plants. Furthermore, the CER cites evidence that South Africa has surplus base supply capacity and that these plants would increase costs by R19.68 billion compared to a least-cost energy system.

SEI scientists Peter Erickson and Michael Lazarus argue that limiting fossil fuel supply, specifically high-cost and high-emissions oil in California, is essential for solving the climate crisis. They contend that reducing production helps avoid stranded assets and that California's projected decrease in oil demand by 2030 allows for a production phase-down without increasing oil imports.