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Verification Report for Pre-Issuance Certification of the Green Bond Programme to be launched by Landesbank Baden-Württemberg
oekom research verified that Landesbank Baden-Württemberg's (LBBW) Green Bond Programme conforms to the Climate Bond Standard Version 2.1. The programme focuses on financing green commercial buildings and renewable energy projects, specifically on- and offshore wind and solar energy. LBBW employs a methodology developed by Drees & Sommer Advanced Building Technologies GmbH to identify commercial buildings in the top 15% of the German market for low carbon performance, using building age and energy performance certificates as primary criteria. The verification confirmed LBBW's processes for project selection, tracking of proceeds, and reporting commitments.
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Document type: Report
Inledningsanförande – SEI 25 år i Tallinn 9/1 2018
The statement highlights Sweden's leadership in climate science and finance, its goal to become one of the first fossil-free welfare nations by achieving net zero emissions by 2045, and the necessity of using public finance to mobilize private investment for the green economy. It emphasizes the role of the IPCC and the Paris Agreement in guiding global action, noting that renewable energy is becoming increasingly affordable compared to fossil fuels.
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Document type: Statement
Making Customer Battery Storage Work for a Cleaner, Less Expensive Grid
The briefing examines how commercial electricity rate designs, specifically noncoincident demand charges, incentivize customers to flatten their load profiles using battery storage. While this reduces individual bills, it often conflicts with the needs of grids with high renewable penetration, where flexible demand is required to match variable generation. The author suggests transitioning to peak-coincident demand charges, time-of-use rates, or real-time pricing to better align customer behavior with system-wide costs and grid stability.
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Document type: Briefing
Aligning energy development and climate objectives in Nationally Determined Contributions
The paper finds that while some countries like Ethiopia and Peru align their NDCs with national strategies, others like Bangladesh and Ghana exhibit a disconnect between climate commitments and energy planning. It argues that integrating climate objectives into national development strategies and leveraging co-benefits such as job creation and health improvements can drive higher ambition in revised NDCs.
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Document type: Research paper
Blended Finance in Clean Energy: Experiences and Opportunities
The report identifies Sub-Saharan Africa, South Asia, and East Asia as high-impact regions for clean energy investment, with a subset of eight countries offering over USD 360bn in potential by 2030. It argues that while clean energy costs are falling, private investment is hindered by off-taker, currency, and policy risks. The authors recommend shifting blended finance from covering viability gaps to providing risk-mitigation instruments like guarantees and local currency hedging, and creating liquid, tradable assets through securitization to attract institutional investors.
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Document type: Research paper
India Energy Subsidy
The document outlines India's shift toward market-driven energy pricing and targeted subsidies via direct benefit transfer. It details the draft National Energy Policy's goal to align domestic prices with international rates and the potential inclusion of petroleum and electricity under the Goods and Services Tax (GST). Key sector updates include the legal obligation for states to provide 24/7 power by March 2019, the phasing out of kerosene subsidies by 2020, and the reduction of LPG tax rates to 5% for domestic consumers. Additionally, it notes the impact of rising crude oil prices on the national subsidy burden and the declining cost of wind power through reverse auctions.
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Document type: Briefing
GREENPEACE AFRICA SUBMISSION ON THE DRAFT INTEGRATED RESOURCE PLAN (IRP) 2018 UPDATE
Greenpeace Africa argues that the draft IRP 2018 Update is inadequate for achieving a just transition to renewable energy and fails to meet South Africa's international climate commitments. The submission calls for the total removal of new coal and nuclear capacity, the elimination of artificial caps on wind and solar energy, and an accelerated decommissioning of coal-fired power stations. It highlights severe air pollution in Mpumalanga and the critical need to prioritize water security in energy planning. The document emphasizes that the plan must be based on the latest IPCC science to limit global warming to 1.5°C and should incorporate transparent data on costs and demand-side management.
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Document type: Statement
PRE-ISSUANCE VERIFICATION LETTER
Sustainalytics verified that AC Energy's green bond framework meets the Climate Bonds Standard Version 2.1 for wind, solar, and geothermal energy. The bond intends to finance new and existing projects across the Philippines, Australia, Vietnam, and Indonesia, including a geothermal facility with emissions of 30.14 gCO2equ/kWh. AC Energy aims to develop 5 GW of renewables capacity by 2025.
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Document type: Statement
PRE-ISSUANCE VERIFICATION LETTER
Sustainalytics verified that Industrial Bank Co.'s planned green bond issuance aligns with the Climate Bonds Standard Version 2.1, specifically for assets in onshore wind, solar power, and electrified urban rail transit.
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Document type: Report
KBC PRE-ISSUANCE VERIFICATION LETTER SOLAR ENERGY, WIND ENERGY, MARINE RENEWABLE ENERGY, LOW CARBON BUILDINGS CRITERIA OF THE CLIMATE BONDS STANDARD
Sustainalytics conducted a pre-issuance verification of KBC Group's green bond between April and May 2018. The verification confirms that the bond's intended use of proceeds—financing onshore and offshore wind, onshore solar, and energy-efficient residential mortgages—aligns with the Climate Bonds Standard Version 2.1. The report details specific projects in Flanders, Wallonia, and the North Sea, and confirms KBC's internal processes for tracking proceeds and reporting.
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Document type: Report
INDIA GREEN ECONOMY BAROMETER 2018
The India Green Economy Barometer 2018 finds that while India has high potential for a green transition and has made significant strides in renewable energy and social inclusion, the overall progress is slow and insufficient. The report identifies key blockages, including the perception that environmental protection hinders economic growth and a lack of mature green financial markets. It highlights successes in solar capacity expansion and corporate social responsibility but warns that a 'business-as-usual' approach threatens long-term wellbeing due to natural resource overuse and rising inequality.
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Document type: Report
PERU GREEN ECONOMY BAROMETER 2018
The Peru Green Economy Barometer 2018 evaluates the country's shift toward sustainability, noting a tension between optimistic private and civil society initiatives and a fragmented overall transition. It highlights the role of the 2018 Framework Law on Climate Change as a critical roadmap for coordinating national efforts. Key areas of focus include the potential for non-conventional renewable energy, the promotion of electric vehicles through tax reforms, and the need to integrate natural capital into government decision-making. The report emphasizes that for the transition to scale, Peru must improve the dissemination of green financial instruments, promote transversal sectoral actions, and ensure the inclusion of vulnerable and indigenous populations in the green market.
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Document type: Report
SENEGAL GREEN ECONOMY BAROMETER 2018
The Senegal Green Economy Barometer 2018 examines the country's shift toward a green economy, highlighting the tension between steady GDP growth (over 6.5% since 2015) and rising absolute poverty. It identifies key sectors for greening—specifically agriculture, energy, and SMEs—and evaluates the government's efforts to integrate environmental norms into the Emerging Senegal Plan (PSE) 2035. The report emphasizes that for the transition to be successful, it must address social inequalities and provide financial incentives for the private sector to adopt sustainable practices.
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Document type: Report
Solving Nigeria’s electricity crisis through alternative energy sources
Nigeria faces a severe energy crisis with 60-70% of its population lacking regular electricity access and an average output of 5,000 MW against an installed capacity of 12,522 MW. The report identifies critical bottlenecks including a non-cost-reflective tariff regime, a N1 trillion revenue shortfall as of December 2016, and significant gas flaring despite the country ranking 9th globally in natural gas reserves. While hydropower provided approximately 32% of supply in 2015, other renewables like solar and wind remain underdeveloped. The author recommends the total deregulation of the gas sector, universal metering to close a gap of 4.09 million customers, and the implementation of the renewable energy masterplan to achieve a 10% renewable energy contribution by 2025.
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Document type: Report
India’s Energy Transition: Subsidies for Fossil Fuels and Renewable Energy 2018 Annex Update
The annex details updates to India's energy subsidy landscape, noting the discontinuation of several renewable energy schemes and tax holidays for power generation and mineral oil production. It introduces new subsidies linked to the 2017 Goods and Services Tax (GST) for coal, LPG, and renewable energy equipment, alongside the Saubhagya electrification scheme and various national and state-level (Maharashtra) incentives for electric vehicles.
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Document type: Report
Haiti: A Political Economy Analysis
The report argues that Haiti is characterized by a 'phantom state' where a small economic elite maintains power through symbiotic relationships with security forces and external actors, particularly from the United States. This structure has led to extreme inequality, the marginalization of the poor, and a chronic lack of public services in health, education, and energy. The analysis highlights a dramatic decline in voter turnout in recent elections, suggesting a crisis of political legitimacy for presidents Michel Martelly and Jovenel Moïse. It further details the environmental degradation caused by a heavy reliance on biomass energy, the vulnerability of the agricultural sector to climate shocks and trade liberalization, and the prevalence of organized crime, including child trafficking through private orphanages. The report also examines the role of international actors, noting that aid often bypasses the Haitian state, further weakening its capacity.
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Document type: Report
MINIGRID INVESTMENT REPORT
The report examines the Nigerian minigrid sector, highlighting a potential annual revenue opportunity of ₦2.8 trillion (US$8 billion). Based on audits of ten commercial projects, it identifies best practices such as optimal site selection, community engagement, and appliance financing. While the regulatory environment is generally supportive, the report identifies barriers including high hardware costs, limited affordable finance, and inconsistent customs processes, proposing a series of stakeholder-specific actions to accelerate market growth.
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Document type: Report
Nordic Green to Scale for countries
Scaling up 10 existing climate solutions in Estonia, Latvia, Lithuania, Poland, and Ukraine could reduce 2030 emissions by approximately 149 Mt (CO2e), representing a 13% reduction compared to baseline projections. The most significant absolute reductions are possible in Poland (71 Mt) and Ukraine (64 Mt), while the highest relative impacts are in the Baltic States, potentially cutting emissions by nearly 40% in Estonia and over 30% in Latvia and Lithuania. Energy efficiency in buildings and industry offers the highest potential and is the most cost-effective, with building efficiency alone potentially saving 2.9 billion euros by 2030. Conversely, wind power provides the greatest relative potential in the Baltic States. The report identifies common barriers such as high investment costs, weak carbon pricing, and lack of financing, and recommends policies including the phase-out of fossil fuel subsidies, stable legal frameworks, and targeted financial incentives.
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Document type: Report
Testimony Regarding A5330 and S3560
The Clean Air Task Force argues that New Jersey's nuclear plants, specifically Hope Creek and Salem, are critical for maintaining the state's zero-carbon electricity share. The testimony asserts that replacing these plants with wind and solar would require an impractical scale of immediate buildout, and replacing them with gas would increase regional emissions by approximately 11 million tons annually, undermining goals like those of the Regional Greenhouse Gas Initiative (RGGI). The author supports a proposed subsidy of approximately $10/MWH to keep these plants operational as a low-cost interim measure.
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Document type: Statement
Report of the eighteenth meeting of the Board, 30 September – 2 October 2017
The GCF Board's 18th meeting in Cairo focused on operationalizing the fund's implementation phase. Key outcomes include the approval of multiple funding proposals across various regions, the accreditation of five new entities, and the adoption of a Simplified Approval Process (SAP) pilot for small-scale activities. The Board also approved a new Anti-Money Laundering and Countering the Financing of Terrorism Policy and a revised administrative budget and staffing target of 250 employees for 2018. However, consensus was not reached on a risk management framework or the selection process for a Permanent Trustee.
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Document type: Report