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From Power Plants to Processors
Private equity firms have invested nearly $200 billion in data center-related industries since January 2022, driving a strategy of acquiring vertically integrated retail energy utilities and fossil fuel power plants to secure power for AI infrastructure. BlackRock's Global Infrastructure Partners (GIP) has acquired ALLETE Inc. and is pursuing a $38 billion takeover of AES, while Blackstone has invested in the Potomac Energy Center and is seeking to acquire TXNM Energy. The report argues that this expansion risks creating stranded high-emitting assets if AI demand is overestimated, while already causing increased electricity costs for ratepayers—rising up to 267% in some data center hubs—and significant environmental degradation. Organized community resistance has already delayed or blocked $64 billion in data center projects across 24 U.S. states.
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Document type: Research paper
Informe resumido de las actividades de la Dirección Ejecutiva del IAI desde el 1 de junio de 2025 hasta la fecha
The IAI Executive Directorate report details progress on science diplomacy, climate-health research, and ocean science between June and October 2025. Key achievements include the establishment of the IAI Science Diplomacy Center, new partnerships with the World Meteorological Organization (WMO) and American Geophysical Union (AGU), and the development of transdisciplinary training programs on tropical forests and ocean systems. The report also highlights efforts to integrate indigenous peoples through the IPAC and preparations for COP30 in Brazil.
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Document type: Report
Innovative Financial Instruments for the Mobilization of Private Sector Investment in Climate Change Mitigation and Adaptation in Developing Countries
The report examines eight innovative financial instruments—including the Adaptation Benefit Mechanism, biodiversity credits, carbon taxes, carbon trading, credit guarantees, debt-for-nature/climate resilience swaps, pooled investment funds, and sovereign green/sustainability-linked bonds—to bridge the climate finance gap in developing countries. It identifies common barriers such as limited institutional capacity, lack of robust project pipelines, and underdeveloped local capital markets. The document emphasizes that while these instruments can signal a government's commitment to climate action, their success depends on a supportive enabling environment characterized by effective leadership, clear taxonomies, and robust climate data. For least developed countries (LDCs), the report suggests a phased approach, first strengthening basic financial and legal prerequisites before focusing on 'climate investability'. It concludes with specific recommendations for donors and development partners to provide technical assistance, anchor investments, and pilot projects to scale up private sector mobilization.
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Document type: Report
China Energy Transition Review 2025
China is rapidly transitioning its energy system through massive investment in renewables, grid infrastructure, and whole-economy electrification. This shift is moving China toward a peak in fossil fuel use and is driving down the global cost of clean technologies, enabling emerging markets to leapfrog traditional development paths and potentially triggering a structural decline in global fossil fuel demand by 2030.
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Document type: Report
How China’s transition is reshaping the global energy landscape
China's massive scale in producing solar, wind, batteries, and electric vehicles has significantly lowered global costs, with solar module prices falling over 70% between 2022 and mid-2025. This manufacturing capacity allows China to potentially supply the entire world's solar needs for 2030 as defined by the IEA. These affordable technologies are facilitating an 'energy leapfrog' in emerging markets across Africa, Asia, and Latin America, where some countries now have higher solar shares in power generation than the US. Consequently, China's own fossil fuel demand is approaching a plateau, and the global demand for fossil fuels is projected to be in structural decline by 2030.
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Document type: Report
U.S. Tariffs Hit Latin America Hard—China's Policy Response May Matter Even More
U.S. tariffs have created a mixed impact across Latin America, with Mexico and Central American countries facing the highest effective tariff rates due to their export profiles and reliance on the U.S. market. However, the authors argue that South American nations are more vulnerable to indirect spillovers from China, which is now the primary trading partner for most of the subregion. A slowdown in Chinese demand for minerals, metals, and energy products, driven by high U.S. tariffs on China, could depress regional growth and commodity prices if China fails to implement effective countercyclical fiscal and monetary policies.
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Document type: Research paper
Droughts in the Americas: Regional priorities, early warning systems, and sustainable development
The report details a multi-stakeholder event focused on enhancing drought resilience in the Americas. It covers the role of the UNCCD in global drought economics, WMO climate findings for Latin America and the Caribbean, the technical requirements for drought early warning systems (EWS), and case studies from the Southern Cone and the Yacyretá hydroelectric plant. The document emphasizes the need for science-policy integration, innovative financing models involving the private sector, and the use of science diplomacy to coordinate regional responses to climate-driven water scarcity.
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Document type: Report
Las sequías en las Américas: prioridades regionales, sistemas de alerta temprana y desarrollo sostenible
The document details a multi-stakeholder event focused on drought resilience in the Americas, highlighting the critical role of Early Warning Systems (EWS) and the need for better integration between scientific research and public policy. It discusses global trends in drought frequency, regional climate impacts in Latin America and the Caribbean, and specific case studies such as the SISSA project in the Southern Cone and water management at the Yacyretá hydroelectric plant. The report emphasizes the importance of scientific diplomacy, innovative financing models involving the private sector, and the necessity of co-designing climate services with end-users to ensure sustainability and effectiveness.
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Document type: Report
Border crossings drop, climate pressures persist
The document argues that while US border crossings have declined due to restrictive policies, climate-driven pressures in the Americas persist. It encourages journalists to link economic migration to slow-onset climate impacts and provides resources for reporting on climate adaptation and displacement.
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Document type: Guide
Los cruces fronterizos caen pero la presión climática persiste
The document argues that while migrant crossings at the US-Mexico border have decreased due to restrictive policies, climate pressures in Central and South America persist. It encourages journalists to look beyond 'economic migration' to find the underlying climate drivers, such as crop failure and water scarcity, and to view migration as a form of climate adaptation.
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Document type: Guide
Creating local value: renewable energy auctions in Colombia
The paper argues that Colombia's previous price-based renewable energy auctions failed to consider socio-economic factors, leading to social conflict and project cancellations, particularly in La Guajira. It recommends two main pathways for the new framework: enhancing community engagement and benefit sharing for large-scale projects through stricter qualification requirements and multicriteria award mechanisms, and scaling up energy communities via a reserved auction quota (adhesion process) and a dedicated support agency to prevent 'community washing'.
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Document type: Research paper
A CONTRIBUTION TO ENHANCING POLICY COHERENCE AND SYNERGIES BETWEEN THE CLIMATE AND BIODIVERSITY REGIMES
The document examines the interdependence of climate and biodiversity, arguing that current international policy regimes operate in silos. It identifies risks where climate mitigation (such as bioenergy monocultures or transition mineral mining) harms biodiversity, and opportunities where ecosystem restoration provides mutual benefits. The authors recommend establishing a formal work programme or technical expert group under the UNFCCC to coordinate with the CBD, improving the science-policy interface between the IPCC and IPBES, and addressing the double-counting of synergistic finance reported by OECD DAC members.
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Document type: Policy brief
Guidance to members of the climate and health community seeking to support governments to embed health more deeply in their NDCs
The document outlines seven criteria for 'health-inclusive' NDCs, including alignment with 1.5°C warming limits, healthcare sector adaptation, and the reduction of super-pollutants. It provides a roadmap for civil society to engage governments, suggests interministerial coordination strategies, and identifies common barriers—such as ministerial silos and lack of data—alongside corresponding solutions to ensure health is prioritised in national climate plans.
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Document type: Guide
The Green Trap of Debt-For-Nature Swaps
The report critiques debt-for-nature swaps as 'greenwashing' tools that benefit private creditors and international NGOs while stripping Global South countries of territorial control. It details how these financial instruments often replace old debt with new, higher-interest loans and divert funds into financial markets before they reach conservation projects. The document highlights specific cases in countries like Ecuador, Belize, and Gabon to illustrate the loss of sovereignty and the persistence of extractive industries. It concludes by calling for the cancellation of illegitimate debts and the recognition of the Global North's historical ecological debt to the South.
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Document type: Report
Le piège vert des échanges dette-nature
The report critiques debt-for-nature swaps as 'green traps' that benefit creditors and international NGOs over debtor nations and local communities. It details how these mechanisms often replace old debts with new, more expensive loans, transfer territorial control to external actors, and encourage the commodification of nature. Through case studies in countries like Belize, Ecuador, and Gabon, the document illustrates the gap between promised conservation funds and actual spending, while highlighting the social costs, including the displacement of indigenous peoples. The author calls for the cancellation of illegitimate debts and the recognition of the North's ecological debt to the South.
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Document type: Report
La Trampa Verde de los Canjes de Deuda por Naturaleza
The document critiques debt-for-nature swaps (DNS) as a 'green trap' that fails to provide real debt relief or effective conservation. It argues that these mechanisms, particularly recent market-based 'blue bonds', transfer territorial control to international NGOs and private actors, often imposing higher interest rates and restrictive conditionalities. The report highlights how sovereign debt forces Global South countries into extractivist models to generate foreign currency, and calls for the cancellation of illegitimate debts and the recognition of the North's ecological debt to the South.
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Document type: Report
The courage to look elsewhere
The author analyzes the ascent of far-right populism in Europe and globally, attributing its success to the exploitation of economic insecurities and the use of 'culture wars' to fuel cultural panic. The text highlights how mainstream parties have assimilated far-right stances, particularly on immigration and climate policy. It positions political ecology as a radical alternative and argues that the most effective way to confront the far right is to mobilize majorities around a desired progressive world rather than centering the narratives of the right.
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Document type: Statement
What Developing Countries Should Know About Negotiations for a New Global Agreement on E-Commerce
The document analyzes the 'stabilized text' of the JSI e-commerce agreement, which aims to establish a global benchmark for digital trade rules. It details enabling regulatory obligations, a moratorium on customs duties for electronic transmissions, and specific flexibilities for developing countries and least developed countries (LDCs), such as extended implementation timelines and technical assistance. The author highlights significant challenges, including the low participation of LDCs and African nations, disagreements among key members like the US and China, and a broader legal debate over whether plurilateral agreements can be formally incorporated into the WTO's consensus-based treaty system.
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Document type: Guide
INSTRUMENT ANALYSIS
The Sustana Cooling India Fund is a USD 100 million blended capital equity fund designed to support early-growth companies in India's cooling sector. By utilizing a first-loss cushion and combining senior and subordinated equity, the fund aims to de-risk investments in energy-efficient space cooling and cold supply chains. The instrument targets the 'missing middle' of funding (pre-Series A/B stages) to drive both climate mitigation and adaptation, with a projected return of 18.04% in USD terms for limited partners.
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Document type: Briefing
Six Audiences Around the World
The report identifies six distinct climate audiences—Alarmed, Concerned, Cautious, Disengaged, Doubtful, and Dismissive—across a global survey of 139,136 Facebook users. It finds that the 'Alarmed' group is the largest in approximately 77% of the surveyed areas, with the highest concentrations in Puerto Rico and other Latin American countries. Conversely, the 'Doubtful' and 'Dismissive' groups are most prevalent in the Netherlands, Norway, and Libya. The analysis highlights a correlation between lower per-capita emissions and income and higher levels of climate alarm, while noting that the United States has a lower proportion of 'Alarmed' respondents compared to other top carbon-emitting nations.
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Document type: Report