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The study evaluates the Klimaschutzverträge (KSV) scheme in Germany, finding risks that 'low-carbon' hydrogen may receive indirect subsidies and that removing emissions reduction criteria from bid evaluations could disadvantage green hydrogen. It recommends implementing a holistic sustainability standard for all hydrogen imports and explicitly accounting for transport emissions to ensure resource efficiency.

A coalition of civil society organisations and experts calls on Commissioner Albuquerque to implement recommendations from a November 2024 EIOPA report by reviewing the Solvency II framework. The authors argue that underpricing transition risks for fossil fuels distorts insurer investment decisions, increasing the likelihood of a disorderly transition and threatening broader financial stability.

The briefing outlines how international agreements and industry pressure maintain fossil fuel subsidies in aviation and shipping, leading to higher emissions and market distortions. It recommends that countries tax domestic aviation and shipping fuels, reform legal barriers like the Energy Taxation Directive and air service agreements, and advocate for stringent international emissions levies through the ICAO and IMO, specifically suggesting a shipping levy exceeding USD 100 per tonne of CO2.

The author contends that current EU climate policies, including the European Green Deal, lack a sufficient social dimension and risk becoming regressive by disproportionately impacting low-income households. The proposed solution is 'universal basic services' (USB)—a needs-based approach that provides essential services like public transport, housing, and childcare as public goods. This strategy aims to decouple social security from the labor market and reduce carbon intensity by shifting from individual consumption to collective provision. The document calls for the EU to abandon restrictive fiscal rules, increase public investment, and implement wealth taxes to fund this transition, arguing that public support for climate action depends on the perceived fairness of the transition.

Reclaim Finance argues that Europe is developing excessive LNG import capacity despite falling gas consumption, leading to a high risk of stranded assets. The document specifically criticizes energy companies like ENGIE, Enel, and RWE for expanding infrastructure and signing long-term contracts that lock in fossil fuel dependency. It highlights that US-sourced LNG, which accounted for 46% of European imports in 2023, is particularly damaging due to hydraulic fracturing and methane leaks. The author calls on financial institutions, including Société Générale and BNP Paribas, to demand that these companies stop developing new terminals and cease signing long-term import contracts incompatible with a 1.5°C warming limit.

The document warns that Europe is creating substantial LNG import overcapacities despite declining gas consumption, risking the creation of stranded assets and locking the continent into a polluting energy system. It specifically calls out power utilities ENGIE, Enel, and RWE, and urges their financial backers to demand a halt to new terminal projects and long-term contracts.

The French Financial Markets Authority (AMF) is adopting ESMA guidelines on ESG fund naming starting May 21, 2025, but Reclaim Finance argues these rules create uneven requirements that risk 'transition-washing'. The document notes a 24% decrease in 'Article 9' funds under SFDR due to reclassification to 'Article 8' to avoid sanctions. To combat greenwashing, the author proposes that the 2025 SFDR revision should mandate the exclusion of companies developing new fossil fuel projects for all funds claiming environmental or social objectives.

The Clean Air Task Force (CATF) conducted a quantitative analysis of 15 completed NEPA cases against 10 offshore wind projects to determine if environmental review litigation meaningfully delays development. The study found that NEPA litigation is largely unsuccessful in stopping projects, with only one case (Cape Wind) significantly contributing to a project's cancellation. The average length of a NEPA case was approximately 2.5 years, and none of the seven motions for preliminary injunctions in the dataset were granted. Instead, the document identifies the actual drivers of industry delays as strong community opposition, misinformation regarding right whales, supply chain disruptions caused by the pandemic and the Russian invasion of Ukraine, and high interest rates. CATF concludes that gutting NEPA would not speed up development but would undermine informed decision-making and community engagement.

BNP Paribas AM has ended primary market bond purchases from companies active in oil and gas exploration and production, a move Reclaim Finance views as a landmark step toward 1.5°C alignment. However, the policy contains gaps: it does not explicitly address passively managed index funds that may buy these bonds on the secondary market, and it excludes midstream projects, including liquefied natural gas (LNG) export terminals.

In 2024, the EU power sector saw fossil fuel generation fall to its lowest level in over forty years, reaching 793 TWh. This decline was driven primarily by record solar growth, which saw generation increase by 22% to 304 TWh, overtaking coal for the first time. Renewables accounted for 47% of EU power generation, while clean sources reached a record 71% of the mix. Despite a small 1% increase in total EU power demand and increased exports to the UK and Ukraine, coal and gas generation fell by 16% and 6% respectively, leading to a 9% drop in power sector emissions to an estimated 585 million tonnes of CO2.

Wind energy growth in Europe has been hindered by inflation, supply chain issues, and permitting delays, but is now showing signs of recovery through increased turbine orders and auction volumes. While onshore costs plateaued or rose slightly since 2021, offshore wind continues to see cost declines, and both remain cheaper than fossil gas generation. Despite this, a delivery gap remains between current forecasts and the 2030 EU targets, requiring further policy implementation and grid reforms.

The statement contends that integrated oil and gas majors are not transitioning to sustainable energy and should be excluded from financial support. Citing the Global Oil and Gas Exit List (GOGEL), it highlights that 95% of oil and gas companies worldwide have plans for new projects, with major European firms like BP, Shell, and TotalEnergies increasing production or expanding short-term plans. The author argues that these companies are diverting capital away from clean energy, with the three European majors projected to allocate less than a third of future investments to low-carbon activities, contradicting IEA 1.5°C scenarios.

The North Sea is the world's largest offshore wind basin, with 30 GW of capacity across 101 operational wind farms. While the region leads in deployment, the report highlights that supply chain challenges and fragmented regulatory frameworks hinder further progress. It advocates for the standardisation of component sizes and the deployment of hybrid offshore assets to create a more secure, meshed grid. Additionally, the report emphasizes that the North Sea's potential as a 'green power plant' for Europe depends on the electrification of non-power sectors, as half of Europe's industrial energy consumption is located in North Sea bordering countries. Finally, it notes that offshore wind is helping stabilise electricity prices through Contracts-for-Difference (CfD) mechanisms, with recent projects delivering competitive strike prices compared to average European day-ahead power prices.

The energy transition accelerated in 2024, driven by record uptake in solar, wind, and electric vehicles as costs for solar modules and batteries fell significantly. While renewables are poised to overtake coal as the leading power source in 2025 and many nations have set net-zero goals, progress in energy efficiency and methane reduction remains off track. The document argues that achieving 2030 targets requires shifting fossil fuel subsidies toward clean energy investments, particularly in emerging economies.

The report finds that while many global banks have committed to net-zero by 2050, their disclosures lack standardisation and transparency. Key issues include inconsistent sectoral coverage, the omission of facilitated emissions, and a failure to align sectoral targets with 1.5°C benchmarks. The report highlights that a significant portion of bank balance sheets remains uncovered by net-zero targets and that current levels of sustainable finance are insufficient to meet the 10-to-1 clean energy to fossil fuel investment ratio recommended by the IEA.

The report finds that sustainable agriculture finance in India averaged INR 22,393 billion annually between FY 2020-21 and FY 2021-22, with a heavy reliance on domestic private finance (67%) and commercial financial institutions. While public funding remains significant, international flows are negligible at 0.5%. The study highlights a concentration of funds in farming practices and storage/markets, while critical areas like research, natural capital, and alternative supply chains are severely underfunded. It recommends the creation of a sustainable agriculture taxonomy, improved granular data reporting, the diversification of financial instruments beyond debt, and expanded capacity building to foster a more resilient agricultural ecosystem.

The Europe Gas Tracker 2025 identifies a sprawling planned hydrogen network in Europe consisting of 12 import projects for hydrogen derivatives, 50,165 km of pipelines, and 44.6 GW of hydrogen-burning power capacity. The report argues this scale is unrealistic for decarbonization due to energy inefficiencies and a massive gap between projected green hydrogen production and the network's requirements. Most projects remain in early stages, with no hydrogen derivative import projects having reached final investment decisions. Meanwhile, the report notes that the rapid growth of LNG import capacity, which increased by 31% since February 2022, is slowing as structural gas demand falls and overcapacity emerges.

The document analyzes the pathway to net-zero shipping by 2050, highlighting the role of the International Maritime Organization (IMO) in implementing technical and economic measures. It emphasizes the disproportionate economic risks for shipping-reliant developing nations, such as increased logistics costs and inflationary pressures, while identifying opportunities for these countries to become producers of scalable zero-emission fuels (SZEF) like green ammonia and hydrogen.

The document argues that Africa's rapid urban growth necessitates immediate investment in food environments to prevent unhealthy path dependencies. It identifies a funding gap of US$100 million over the next five years across four key initiatives: AfriFOODlinks, the Africa Food Environment Research Network (FERN), the Living Off-Grid Food & Infrastructure Collaboration (LOGIC), and the Resilient Municipal Market Fund (ReMark). The brief emphasizes that urban food environments are shaped by physical, economic, social, and infrastructural factors, and suggests aligning these with agroecological principles to improve resilience, equity, and resource efficiency.

The report finds that the dairy and coffee sectors are failing to address methane emissions, with 18 out of 20 analyzed companies scoring less than 50% on a comprehensive performance scale. While some companies acknowledge the climate impact of methane, there is a widespread reluctance to reduce dairy production, and most lack specific methane targets or transparent reporting practices.