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The GCF Secretariat report for 2026 details progress in enhancing country ownership, delivering impact, and institutional strengthening. Key achievements include the launch of a revised Accreditation Framework, the establishment of regional presence in five locations, and the development of a new Commitment Authority Framework to optimize investment capacity. The report also tracks programming metrics, noting 29 funding proposals submitted to the iTAP and the approval of projects for underserved countries like Bahamas, Chad, and Jamaica.

This roadmap, developed by civil society organizations, provides a strategic framework for Latin America and the Caribbean to transition away from fossil fuels while ensuring climate justice and economic diversification. It categorizes countries by their fossil fuel production profiles—booming, mature, or importers—and sets specific milestones for the supply, demand, and electricity sectors. The document emphasizes the need to move beyond a primary-export economic model, proposing the development of regional value chains, labor reconversion, and a legal shift toward recognizing the nature as a subject of rights. It also calls for a reform of international climate finance to avoid further indebtedness and the implementation of binding participatory governance based on human and environmental rights.

The roadmap advocates for a phased exit from fossil fuels in Latin America and the Caribbean, emphasizing a transition that integrates climate justice, economic diversification, and the recognition of nature's rights. It categorizes countries by their hydrocarbon profile—booming production, mature production, or importing with refining capacity—to tailor phase-out strategies. Key goals include achieving a net-zero electricity system by 2050, decarbonizing industrial and transport demand, and reforming financial systems to reduce debt-based climate finance. The document also calls for the criminalization of ecocide and the exclusion of climate policies from investor-state arbitration mechanisms.

In 2025, global coal capacity grew by 3.5% while generation fell by 0.6%, as new plants in China and India are increasingly used as system insurance rather than primary generation. While the number of countries proposing new coal plants decreased to 32, political interventions in the US and EU delayed planned retirements. Latin America and the Caribbean achieved a status of 'No New Coal Plants' in 2025, though several countries, including Brazil and Chile, experienced setbacks in their decommissioning schedules.

In 2025, global coal capacity grew by 3.5% while generation fell by 0.6%, reflecting a trend where coal is increasingly used as system 'insurance' rather than a primary energy source. While Latin America achieved a 'No New Coal' status in 2025, several countries in the region, including Brazil and Chile, experienced delays or reversals in planned plant retirements. China and India continue to lead global capacity expansions, accounting for 95% of all coal capacity under construction worldwide.

The report finds that TotalEnergies' investment strategy heavily favors fossil fuels, with 4.8 dollars invested in oil and gas for every dollar spent on integrated power in 2025. The company's 2030 production targets are projected to be at least 59% higher than levels required for NZE alignment. While diversifying into renewables, the report notes this is largely through acquisitions and remains marginal, with oil and gas expected to represent 83% of the energy mix by 2030. Additionally, the company is expanding its LNG capacity and gas power production, while relying on CCUS and offsets to meet emissions targets it has recently modified, including a statement in 2026 that it could no longer commit to a 'net zero' objective.

The report highlights that the Maryland State Retirement and Pension System (SRPS) has a high allocation to private markets, which obscures significant climate risks due to the opacity of these investments. It identifies specific exposure to fossil fuel assets through managers like BlackRock's Global Infrastructure Partners (GIP) V and recommends the adoption of science-based climate targets and increased disclosure to mitigate financial risk.

The FSF ACCT is a blended finance programme targeting cocoa and coffee supply chains in 10 countries. It combines a USD 200 million investment facility for pre-harvest working capital loans with a USD 12 million Technical Assistance Facility (TAF). The programme aims to mitigate 8.47 million tCO2e and benefit over 8.7 million people over 15 years by promoting agroforestry and regenerative agriculture.

The report identifies significant fossil fuel exposure within the Maryland State Retirement and Pension System's (SRPS) private market allocations, which comprise approximately 41% of its $74 billion in assets. It highlights specific controversial assets, such as the Rio Grande LNG terminal and the AES Corporation's power plant portfolio, and notes that 64% of energy companies associated with SRPS's private equity managers are fossil fuel-based. The document advocates for the adoption of five climate standards, including science-based targets and fossil fuel disclosure, to mitigate financial risks associated with the energy transition.

The report assesses gender disparities in Belize, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Panama, and Peru to inform the EcoEnterprises Partners IV investment strategy. It identifies systemic barriers—including financial exclusion, limited land rights, and climate vulnerability—that disproportionately affect rural, Indigenous, and Afro-descendant women. The document details a 'gender-lens' investment approach, utilizing a proprietary toolbox of 32 tools and alignment with the 2X Challenge to promote women's leadership and economic empowerment in MSMEs and sustainable agriculture.

The 60th meeting of the IAI Executive Council addressed the critical financial impact of the United States' withdrawal from the institute, which could lead to a two-thirds decrease in operational resources. The Council decided to form an ad hoc advisory committee to develop restructuring recommendations and scheduled an Extraordinary Conference of the Parties for March 9, 2026. Despite these challenges, the Directorate reported progress in diversifying funding through agreements with development banks like CAF and FONPLATA, and advancing research on climate-induced migration, the climate-environment-health nexus, and forest-related projects.

The Dominican Republic faces high electricity costs and grid instability due to a heavy reliance on imported fossil fuels, which account for nearly 83% of generation. While rooftop solar exists, it is concentrated among the wealthiest 4.5% of the population, creating an unequal transition that erodes utility revenues and increases government subsidy burdens. To address this, the Convite Solar initiative uses a community-led model based on standardized, modular systems installed through collective labor and local training. A pilot in Nizao has demonstrated success in reducing household bills and increasing resilience during blackouts. The model proposes redirecting a portion of the $2 billion annual government electricity subsidies toward equipment costs and cooperative financing to scale distributed generation across the Caribbean.

The IAI Directorate has advanced several strategic mandates between June 2025 and January 2026, including the expansion of its Associate network with the WMO and AGU, and the operationalization of the Indigenous Peoples Advisory Committee (IPAC). Key efforts focused on science diplomacy in preparation for UNFCCC COP30, the launch of transdisciplinary research programs on climate-health and ocean science, and the development of the IAI Science Diplomacy Center. The Directorate also expanded its educational reach through virtual courses on remote sensing and health adaptation, while pursuing new member state adhesion, specifically with El Salvador.

The NAP Global Network's 2025 report details its efforts to move developing countries from adaptation planning to implementation. Key achievements include supporting 18 countries in this transition, delivering 24 short-term technical assistance requests via the Country Support Hub, and managing 13 long-term In-Country Support Programs. The Network emphasizes the importance of monitoring, evaluation, and learning (MEL), gender equality and social inclusion (GESI), and the integration of nature-based solutions. A new strategic plan to 2030 prioritizes Least Developed Countries (LDCs) and Small Island Developing States (SIDS), with a focus on accountability, civil society engagement, and the alignment of adaptation planning with peacebuilding and the Global Goal on Adaptation.

The Resilient Coasts – Caribbean Sea project, led by the Stockholm Environment Institute, uses 'living labs' in the Dominican Republic and Colombia to test nature-based solutions for coastal resilience. The project focuses on rehabilitating mangroves and coral reefs to reduce wave energy, prevent erosion, and support local economies through fishing and tourism, while developing sustainable financing models and community-led rehabilitation strategies.

The Resilient Coasts – Caribbean Sea project is implementing a living lab in Montecristi, Dominican Republic, to address hydrological degradation and salinization of mangroves in El Morro National Park. The initiative integrates ecological restoration with the creation of sustainable business models and climate finance mechanisms to protect against storms, support biodiversity, and capture carbon. The project intends to produce a national resilience blueprint and a scalable framework for nature-based solutions that can be replicated across the Caribbean.

The report identifies key pillars for integrating non-conventional renewable energy (NCRE) in Latin America and the Caribbean, emphasizing the need for long-term state policies, proactive system planning, and updated regulatory frameworks. It highlights successful models in Uruguay, Chile, and Brazil, while contrasting these with challenges in Colombia, particularly regarding the lack of multi-party political consensus and coordination between generation and transmission planning.

The report analyzes the role of Global North private equity firms in maintaining fossil fuel assets across the Global South, highlighting a pattern of extracting profits while offloading environmental and social risks onto local communities. Using data from the 2024 Climate Risk Scorecard, it identifies 13 firms with assets in 32 Global South countries, with a significant concentration of risky assets in Latin America, particularly Mexico. The document details specific instances of pollution in India, social displacement in Brazil, and financial instability in the Philippines, while providing a comprehensive case study on Mexico's LNG and pipeline infrastructure. It concludes that the private equity model's lack of transparency and short-term focus exacerbate climate injustice and expose institutional investors, such as public pensions, to significant financial risk.

Hurricane Melissa, a Category 5 storm, caused widespread destruction and 61 deaths across Jamaica, Haiti, and the Dominican Republic in October 2025. Analysis indicates that climate change increased the likelihood of the extreme conditions that fueled the storm by a factor of about 6 and increased the intensity of associated rainfall by more than 9%. In Jamaica, 5-day rainfall events are now about 30% more intense and twice as likely, while in eastern Cuba, intensity increased by 50% and frequency by a factor of 9. The storm's maximum wind speeds are estimated to be approximately 7% more intense due to warming. Despite financial risk strategies like catastrophe bonds, damages in Jamaica are estimated to be at least an order of magnitude larger than available finance.

The report identifies a conservative USD 4.4 trillion pipeline of creditworthy sustainable bonds from 12 climate-leader countries through 2035. It argues that global megatrends—such as electrification, urbanisation, and the rise of AI—will further accelerate this pipeline beyond current projections. The document also outlines policy levers, including taxonomies and monetary policy, that governments can use to channel capital into mitigation and resilience projects.