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As of Q3 2025, the cumulative volume of aligned GSS+ debt reached USD 6.5 trillion. Green bonds remain the dominant theme, accounting for 64% of aligned volume in Q3 2025, while sustainability-labelled debt is gaining momentum. Non-financial and financial corporates were the most prolific issuers in the quarter, and supranationals remain the largest historical source of cumulative aligned volume.

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.

The report examines the role of social media platforms in spreading climate disinformation, highlighting how algorithmic systems and revenue-sharing models incentivise misleading content. It specifically assesses the compliance of Very Large Online Platforms (VLOPs) with the EU Digital Services Act (DSA), concluding that most have failed to identify or mitigate climate disinformation as a systemic risk.

The document argues that civic space in the EU is narrowing due to restrictive laws, exclusion from decision-making, and the criminalisation of peaceful activism. It highlights specific threats such as SLAPPs, funding cuts to the LIFE programme, and national laws in France, Hungary, Poland, and Italy that curtail CSO operations. ClientEarth calls for a pro-CSO narrative, transparent access to decision-making, and stable long-term financial support to safeguard environmental democracy.

The report examines the intersection of biodiversity loss and human rights violations, asserting that transnational corporations (TNCs) drive ecological destruction through industrial agriculture, extractivism, and infrastructure projects. It critiques voluntary corporate social responsibility (CSR) and due diligence frameworks as 'false solutions' that facilitate corporate impunity. The document calls for a legally binding treaty on TNCs and human rights, the operationalization of a human rights-based approach within the Convention on Biological Diversity (CBD), and the recognition of Indigenous Peoples and Local Communities as rights-holders rather than mere stakeholders.

The guide argues that fossil fuel subsidies (FFSs) are misaligned with climate and fiscal goals and proposes a three-step approach to phase them out: establishing a whole-of-government coordination mechanism, categorizing subsidies into three timelines based on risk and feasibility, and executing detailed implementation plans with clear accountability. It emphasizes that while developed countries should lead with faster reforms, developing countries may require longer timelines and more robust social protection measures to ensure a just transition.

The document examines the role of green public procurement (GPP) in the EU, highlighting that while public procurement accounts for 14% of EU GDP and 11% of its greenhouse gas emissions, the uptake of GPP tools is hindered by legal uncertainty, administrative burdens, and capacity gaps. It advocates for reforming EU directives to broaden the 'link to subject matter' requirement, standardize sustainability tools, and professionalize procurement staff to drive the green transition.

The report argues that G20 countries have failed to meet their 2009 pledge to phase out inefficient fossil fuel subsidies, with spending reaching USD 665 billion in 2023. It introduces a categorization framework that divides subsidies into 'quick phase-out' (within 1 year), 'phase-out with a robust strategy' (2-4 years), and 'time-limited exemptions' (4+ years). Applying this to Brazil, Germany, Italy, Mexico, and South Africa, the authors find that while a significant number of measures (30-55%) can be removed quickly, the majority of fiscal value is tied to deeply embedded structural subsidies requiring sequenced reform and mitigation measures.

The report analyzes maritime security in the Western Indian Ocean (WIO), emphasizing that threats like climate change, illegal fishing, and piracy are interconnected. It highlights the risks of increasing militarisation by global powers and the environmental dangers of rerouting shipping around the Cape of Good Hope due to Red Sea instability.

The report highlights that French companies hold over 1,000 billion euros in cash, a resource largely managed by financial institutions that continue to fund fossil fuel expansion and ecosystem destruction. Focusing on 20 CAC 40 companies with 162 billion euros in combined cash, the analysis reveals a significant gap in CSR policies: while companies apply ESG criteria to suppliers, they rarely do so for their financial partners. The authors argue that corporate cash is a powerful but underused tool for decarbonization and recommend integrating ESG criteria into the selection of financial partners, setting specific CSR targets for cash management, and establishing structured dialogues with banks and asset managers to end support for unsustainable projects.

The document argues that Colombia's previous renewable energy auctions, which focused exclusively on price, led to social conflicts and project cancellations, particularly in La Guajira. It proposes a new framework incorporating non-price criteria—such as local employment, community benefit-sharing, and gender perspectives—into qualification and award processes. Additionally, it suggests creating a dedicated support agency and a 'joining process' (proceso de adhesión) to enable small-scale community energy projects (up to 5 MW) to access the market without competing directly with large developers.

A coalition of health, environmental, and academic organizations is calling on the Canadian government to join the Global Initiative on Information Integrity on Climate Change. The signatories argue that climate disinformation, perpetuated by fossil fuel and digital technology companies, endangers public health and safety, specifically citing how false narratives during summer wildfires hampered emergency responses. They urge Canada to follow the lead of Brazil, the UK, and France in committing to dismantle these information threats.

Europe's September 2025 was its 5th warmest on record, with significant temperature and precipitation variations across the continent. Forecasts for the December 2025 – February 2026 winter period project above-average temperatures, particularly in eastern and northeastern Europe, and weakly positive precipitation anomalies.

The paper examines the geopolitical and economic landscape of mining in West Africa, highlighting a shift toward resource nationalism in countries like Burkina Faso and Ghana. It discusses the influence of foreign powers such as France, Russia, and China, and identifies critical barriers to growth, including mineral smuggling, illegal artisanal mining, and a lack of processing infrastructure. While ECOWAS has attempted to harmonize mining regulations through directives and policies, the document notes that poor coordination and political instability have hindered their effectiveness.

A coalition of NGOs denounces TotalEnergies' plan to restart the $20 billion Mozambique LNG project, citing a 'deep contempt' for local communities and the environment. The organizations highlight that the project's resumption is contingent on the Mozambican government approving a revised budget that includes $4.5 billion in additional costs incurred during the force majeure period. The statement further alleges severe human rights abuses, including the 'container massacre' and torture of civilians, and calls on financial institutions—including Crédit Agricole, Société Générale, and various export credit agencies—to withdraw their support.

A coalition of civil society organisations condemns TotalEnergies' plan to restart the USD 20 billion Mozambique LNG project. The organisations highlight that the restart is conditional on the Mozambican government approving a revised budget that includes USD 4.5 billion in incremental costs incurred during the force majeure period. The statement warns that the project's 'fortress' security model increases the vulnerability of local populations to an ongoing regional insurgency and recalls allegations of serious human rights abuses, including the 'container massacre' and torture of civilians on the gas site. The coalition calls on financial institutions, including export credit agencies and banks, to withdraw their support for the project due to these environmental, social, and financial risks.

The paper examines the impact of global powers and internal fragmentation on ECOWAS, noting that while external partnerships can support infrastructure and security, they often exacerbate divisions. It highlights the critical blow dealt by the January 2025 exit of Burkina Faso, Mali, and Niger, and recommends institutional reforms, including the creation of a High Representative for Foreign Affairs and a revamped communications strategy, to strengthen regional solidarity.

The report examines the risks associated with the renewed interest in tactical nuclear weapons (TNW) among global powers. It details three plausible use scenarios—targeting facilities, military forces in the field, or demonstration shots—and models the direct physical effects of a 20-kiloton blast. The authors argue that TNW use would trigger unpredictable international crises, erode the long-standing norm of nuclear non-use, and potentially lead to uncontrolled escalation. The paper recommends reinforcing the non-use norm and implementing risk-reduction measures to prevent the normalization of nuclear warfighting.

The EU remains highly vulnerable to energy price shocks and supply disruptions due to a 58% reliance on imported fossil fuels for primary energy. While the power sector has largely transitioned to homegrown sources, sectors like transport (88% reliant on imports) and buildings remain exposed. The report argues that electrification can reduce fossil import dependency to 30% by 2040, noting that 67% of EU energy demand can already be electrified with mature technologies. Current frontrunners, such as Denmark with electric vehicles and the Netherlands with heat pumps, demonstrate significant displacement of oil and gas imports.

The document argues that French life insurance companies are undermining their own climate goals by delegating investments to asset managers that support fossil fuel expansion. It highlights a gap between the climate ambitions of insurers—some of whom have stopped new bond investments in fossil fuel expansion—and the practices of managers like BlackRock and JP Morgan Asset Management. Reclaim Finance calls for the implementation of science-based selection criteria, clear deadlines for manager compliance, and more public, collective engagement to reduce financial risks associated with climate change.