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The report outlines a framework for Canada's first National Adaptation Strategy (NAS), drawing on a review of 12 policy instruments from 11 countries. It identifies a global trend where adaptation planning is increasing and regularly updated, but implementation and monitoring and evaluation (M&E) remain weak. For Canada, the authors recommend establishing clear institutional arrangements, a unified climate risk assessment approach, and a robust M&E system. The report emphasizes the need for deep engagement with Indigenous Peoples to advance reconciliation and the integration of gender equality and social inclusion through Gender-Based Analysis Plus (GBA+). It also suggests bridging the gap between climate adaptation and disaster risk reduction (DRR) and elevating nature-based solutions.

The report warns that 11 major Eurozone banks hold over 530 billion euros in fossil fuel assets, representing 95% of their total equity. It argues that these assets are prone to becoming 'stranded assets' as the world transitions to meet the Paris Agreement, potentially triggering a financial crisis similar to the 2008 subprime mortgage crisis. The authors critique 'green finance' as largely greenwashing and call for the European Central Bank (ECB) to align its monetary policy with climate goals, increase capital requirements for fossil fuel exposure, and establish a public 'bad bank' to manage the phased extinction of these assets.

The report warns that the 11 largest banks in the eurozone hold over 530 billion euros in fossil fuel assets, which represent 95% of their total equity on average. This overexposure creates a significant risk of 'stranded assets' as the world transitions to meet Paris Agreement goals. The authors argue that current 'green finance' is largely a greenwashing tool and that voluntary bank commitments are insufficient. They propose a two-step solution: first, implementing strict regulations and reforming European Central Bank (ECB) monetary policy to stop new fossil fuel funding; second, establishing a public 'fossil bank' under the ECB to buy back and gradually phase out these risky assets to protect financial stability and enable the ecological transition.

The analysis finds a growing trend of countries incorporating fossil fuel production into their national climate communications, with some establishing pathways for managed decline. However, a significant number of countries still plan for continued or expanded production, and many fail to address the equity and economic diversification needs of a just transition.

Reclaim Finance criticizes Natixis for continuing to support oil and gas majors and shale energy infrastructure despite overall reductions in fossil fuel financing. The statement highlights gaps in the bank's exclusion policies, its role as a top French investor in high-production shale companies, and the lack of fossil fuel policies across several of its investment management subsidiaries.

The Council on Strategic Risks recommends that the United States end its pursuit of nuclear-armed submarine-launched cruise missiles (SLCM-N) to mitigate the risk of nuclear war. The document argues that SLCM-N are destabilizing because they are virtually indistinguishable from conventional cruise missiles, which could lead to catastrophic miscalculations during a crisis. It suggests a phased approach: first, a unilateral U.S. decision to forgo the weapons, followed by a political commitment from the permanent members of the UN Security Council (P-5) to cap and eliminate them. The brief notes that such an agreement is feasible because few nuclear states possess them—Russia is the only state with a confirmed stockpile—and the U.S. has successfully eliminated them in the past. The authors propose a verification regime involving data exchanges, portal monitors, and random inspections to ensure compliance.

The document examines the disparity in green finance between developed and developing nations, noting that while the EU and other developed markets have integrated substantial green recovery measures into their COVID-19 stimulus packages, developing countries often lack explicit green budgets and remain heavily dependent on North-South financial flows. It highlights challenges in the global South, including infrastructure deficits, governance issues, and a 'dependency syndrome' regarding international aid. The brief recommends institutional reforms to enhance capital markets, increased South-South cooperation, and globally coordinated efforts to improve the design and monitoring of green projects.

Reclaim Finance criticizes ENGIE's new climate targets, noting that while the company moved its net-zero goal to 2045, it lacks absolute emission reduction targets aligned with 1.5°C. The analysis highlights a continued reliance on LNG and the risks of converting coal plants to gas or biomass, particularly in Chile, while noting that ENGIE's renewable energy investments lag behind competitors like Enel.

The statement by Reclaim Finance criticizes Crédit Agricole for providing 64 billion dollars in financing to coal, oil, and gas between 2016 and 2020. It highlights that the bank remains one of the top 10 global financiers of companies active in the Arctic and has increased its support for unconventional oil and gas, including shale gas, despite public commitments to revise its policies.

The document advocates for a shift from 'global hypercapitalism' to a green and fair economy based on the model of Fair Trade Enterprises. It outlines four key facets of this approach: local community connection, long-term supplier partnerships, prioritizing employees and communities over investors, and active environmental engagement. The text highlights that these enterprises, operating across 82 countries, utilize local production techniques to create low-carbon models and reinvest profits into fair wages and environmental protection, contrasting this with the profit-maximising models of large corporations.

The document examines the role of energy cooperatives in the European energy transition, highlighting the Middleground offshore wind farm in Copenhagen as a successful model of community-led decarbonization. It argues that such cooperatives foster 'energy democracy' by combining local financial investment with social capital, though they face barriers like limited capital access and monopolistic competition. The author calls for the European Commission to integrate specific support mechanisms for community energy projects into the EU's legal and investment frameworks to ensure a just and sustainable transition.

The project aims to create a standardized global reporting framework for nature-related financial risks, modeled after the TCFD. It involves a phased approach: preparing the taskforce, building the framework, testing it with a diverse group of institutions, and conducting public consultations. The goal is to redirect global financial flows toward nature-positive outcomes by increasing transparency regarding biodiversity loss and natural capital dependencies.

The report finds that French supermarkets are largely failing to address the unsustainable nature of 'fed aquaculture,' which relies heavily on wild-caught fish meal and fish oil (FMFO). While some retailers like Auchan, Carrefour, and Système U acknowledge the issue, few have firm commitments to eliminate FMFO. The study highlights a systemic lack of transparency in labeling and supply chains, and criticizes the industry's reliance on certifications (such as ASC and MSC) that do not guarantee the absence of wild-fish inputs or ensure animal welfare. It specifically identifies major producers like Mowi and Lerøy as key suppliers to French retail, noting their links to problematic sourcing in Peru and West Africa.

The report finds that while post-issuance UoP reporting is widespread, impact reporting is less common and highly unstandardised. It highlights a positive correlation between reporting availability and the presence of external reviews, particularly post-issuance reviews. The analysis reveals that larger issuers and more mature markets generally report more frequently, though average quality scores remain relatively constant across deal sizes. The document argues for a shift toward a common global reporting framework and the use of absolute rather than relative metrics to provide a holistic view of environmental performance.

The document argues that the innovative policy responses used to combat the COVID-19 pandemic can be repurposed to mitigate systemic climate-related risks. It details how prudential regulations, such as stress testing and capital buffers, and monetary instruments, including collateral frameworks and corporate financing facilities, can be 'greened' to support a sustainable recovery in the ASEAN region. The brief emphasizes the need for clear roadmaps and mandatory climate disclosures to manage both physical and transition risks.

The report criticizes the EU's REDII sustainability criteria for forest biomass, arguing that they prioritize legal formality over actual ecological sustainability. It contends that the criteria allow destructive forestry practices to continue by equating the existence of national laws with sustainability, while failing to provide rigorous verification mechanisms or incorporate NGO evidence. Through five case studies in Canada, Estonia, France, Portugal, and Finland, the document demonstrates that current rules would not prevent the logging of old-growth or high-nature-value forests for energy production.

The report analyzes the Zona Franca de Manaus (ZFM), noting that while it is named a 'free trade zone', it functions more like an 'enterprise zone' by focusing on regional development and local employment rather than international trade. The authors argue that current tax incentives have not significantly improved productivity or wages, with 59% of employees earning up to two minimum wages in 2019. The document recommends redefining the ZFM's identity and linking tax benefits to local hiring quotas, education, infrastructure reinvestment, and sustainable activities that leverage the Amazon biome's comparative advantages.

The Framework for Sustainable Finance Integrity provides a structured approach to evaluate and drive the sustainability commitments of financial actors. It establishes 'Minimum Benchmarks' that all institutions should adopt—such as aligning portfolios with the Paris Agreement and eliminating new coal finance—and 'Leadership Benchmarks' for those seeking to drive transformative change, including science-based five-year emissions targets and comprehensive TCFD alignment. The report emphasizes the need for a 'whole-of-government' approach, the integration of biodiversity and just transition into financial mandates, and the necessity of cross-sector collaboration to avoid siloed efforts that fail to meet global climate goals.

Between 2008 and 2019, fifteen CO2-intensive industrial sectors in nineteen EU countries earned estimated additional profits between €30 billion and over €50 billion from the EU ETS. These profits were derived from three primary sources: the overallocation of free emission allowances, the use of cheaper international credits (CERs/ERUs) for compliance, and the passing through of opportunity costs of free allowances into product prices. The iron and steel sector was the largest beneficiary, with profits ranging from €11.9 billion to €16.1 billion. In contrast, the aviation sector experienced a net loss of €151.2 million due to the need to purchase allowances. The report argues that free allocation may no longer be fit for purpose and recommends increasing the share of auctioning combined with targeted investment subsidies or a Carbon Border Adjustment Mechanism (CBAM) to reduce windfall profits and encourage decarbonization.

The report analyzes government energy-related spending during the COVID-19 pandemic, finding that a significant portion of recovery funds still supports fossil fuel-intensive sectors. It proposes five core principles for a 'fossil-free recovery': ending public funding for fossil fuel production, reforming fossil fuel subsidies and taxes to raise revenue, 'swapping' those funds into clean energy (access, efficiency, transport, and power), incentivizing private investment in clean electricity, and ensuring a just transition for affected workers and communities.