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The document argues that EU deep-sea fish populations are depleted or under-assessed and that current management fails to meet the Common Fisheries Policy (CFP) objective of ending overfishing. It recommends that fishing limits be based on the best available scientific advice, specifically urging the reintroduction of Total Allowable Catches (TACs) for stocks where they were removed, and setting zero TACs for orange roughy, red seabream in area 6-8, and deep-sea sharks.

The aviation sector has successfully lobbied the ICAO Council to change the CORSIA baseline to 2019 levels, effectively postponing the start of emission offsetting until at least 2024 due to the 2020 drop in flights. The author contends that this change is unnecessary given the low cost of offsets and that governments are failing by providing billions in bailouts—approximately 30 billion euros in the EU and 50 billion in the US—without binding environmental strings. The text calls for regional and national actions, such as kerosene taxes and the EU carbon market, to replace the failing global scheme.

In 2019, the global green bond market reached a record USD258.9 billion in issuance, a 51% increase over 2018. The market saw significant growth in non-financial corporate issuance and the entry of eight new countries. Europe led in cumulative volume, while the USA, China, and France remained the top individual countries by amount issued. Energy, buildings, and transport dominated the use of proceeds, accounting for 82% of the total. The report also notes a rise in green sukuk and the increasing importance of external reviews and Climate Bonds Standard certification.

The document explains the difference between cap-and-trade systems and offsetting mechanisms, detailing the failures of the Kyoto Protocol's Clean Development Mechanism (CDM) and the risks associated with the Paris Agreement's Article 6. It highlights issues such as 'hot air' credits, double counting, and the lack of local safeguards. It also assesses the CORSIA aviation scheme and the voluntary carbon market, arguing that the global community must move beyond offsetting toward direct climate finance to achieve net-zero emissions.

The report identifies five major barriers to climate-aligned finance: structural challenges to influencing the real economy, competitive disadvantage, varying alignment methodologies, multiple decarbonization pathways, and inadequate data. It argues that while divestment alone is insufficient, financial institutions can use levers such as sustainability-linked loans, transition finance, and collective action initiatives (e.g., Climate Action 100+, Poseidon Principles) to drive decarbonization. The document emphasizes the need for harmonized assessment methodologies, industry-informed decarbonization pathways, and standardized reporting to move the financial sector from a reactive to a proactive role in the low-carbon transition.

As of July 2020, 19 countries and the European Union have adopted net-zero targets. The document compares these targets across several dimensions: the coverage of greenhouse gases (GHGs) and domestic sectors, the target year for achievement, whether separate emissions reduction targets exist, the use of international GHG mitigation, and the legal status of the targets.

The document outlines a framework for establishing comprehensive net-zero targets, emphasizing the need for all-sector and all-gas coverage, the setting of separate emissions reduction targets to avoid over-reliance on carbon removals, and the importance of transparent communication and participatory design processes.

Reclaim Finance responds to the ACPR's consultation on climate stress tests in France, warning that the current framework may underestimate risks. The organization advocates for a precautionary approach regarding fossil fuel exposure, more precise international risk accounting, and a critical review of the 'dynamic balance sheet' assumption. It also suggests that the 'orderly transition' reference scenario is unlikely and that the exercise fails to account for systemic shocks like the coronavirus pandemic.

Dr Samuel Morin explains the importance of 'unpacking' the IPCC SROCC's Summary for Policy Makers (SPM) by using concrete, local examples—such as ski tourism, sea level rise, and mountain gravitational hazards—to make global findings relevant to French national policy-makers. He emphasizes that spending significant time clarifying basic climate principles and scenarios is a prerequisite for effectively discussing specific risks and impacts.

The statement argues that AXA and Amundi/Crédit Agricole are acting hypocritically by maintaining public commitments to the Paris Agreement and the Net-Zero Asset Owner Alliance while voting against a climate resolution for Total. It highlights that Total's current plans include increasing hydrocarbon production by 12% between 2018 and 2030 and allocating 80% of its capex to fossil fuels by 2030, which contradicts the 1.5°C warming limit.

Reclaim Finance highlights a contradiction between the public climate pledges of AXA and Amundi/Crédit Agricole and their decision to vote against a shareholder resolution calling for Total to improve its climate actions. The document argues that Total's current strategy—which includes increasing hydrocarbon production and maintaining high fossil fuel capex—is not aligned with a 1.5°C trajectory, making the investors' opposition to the resolution hypocritical given their stated goals of carbon neutrality and Paris Agreement alignment.

The authors contend that the EU suffers from diffuse accountability and a 'double deadlock' caused by a reliance on closed-door Franco-German agreements. They argue that Germany's role as a 'benevolent hegemon' is problematic because Berlin seeks to minimize costs and maximize control over debtor states while remaining reluctant to fully embrace its power. The text suggests that the only way to break this impasse is through 'transnational politics'—the creation of shifting alliances across national borders and the engagement of civil society—to replace the current 'constructive ambiguity' of European diplomacy.

The report argues that a well-designed climate accountability framework can increase government transparency and coordination across different levels of government to meet 2030 and 2050 targets. Based on international and domestic case studies, it identifies six common elements of such frameworks and proposes a national Canadian model that balances federal leadership with subnational flexibility.

The We Mean Business coalition calls on governments to integrate climate action into economic recovery plans following the Covid-19 pandemic. Citing support from over 700 businesses, the statement advocates for prioritizing investments in clean power, electric mobility, zero-carbon infrastructure, and nature-based solutions to avoid future systemic shocks and create a sustainable labour market.

The report analyzes climate accountability frameworks—systems that break long-term greenhouse gas targets into interim milestones—using case studies from jurisdictions like the UK, Aotearoa/New Zealand, British Columbia, and Manitoba. It identifies six common elements and associated best practices, such as legislating targets, ensuring independent expert advice, and using cumulative carbon budgets. For Canada, the authors recommend a national framework with legally binding milestones set only at the national level to avoid regional burden-sharing conflicts, while encouraging subnational governments to implement their own complementary frameworks. The report emphasizes a collaborative approach where the federal government provides policy backstops and financial incentives to ensure a resilient, multi-jurisdictional response to climate change.

The report finds significant disparities in disclosure quality across different types of Chinese green bonds, with green financial bonds performing best and green enterprise bonds worst. It notes that offshore green bonds generally exhibit higher transparency than onshore ones. The analysis reveals that while 73% of onshore green bonds had pre-issuance third-party certification, only 59% had follow-up tracking certification. To enhance market credibility, the report recommends mandatory environmental benefit disclosure, the creation of standardized reporting templates, the establishment of a centralized information platform by the China Central Depository & Clearing Co. Ltd. (CCDC), and the unification of green bond standards across different regulatory bodies.

The report finds that while China has a strong foundation for green bond reporting, quality varies significantly by bond type and regulatory regime, with financial bonds and offshore issuances performing best. It highlights a lack of standardization in environmental impact reporting and inconsistent external verification, particularly for enterprise bonds. To address these gaps, the report recommends mandatory environmental impact reporting, the creation of a standardized reporting template, the full implementation of an accreditation model for verifiers, and the establishment of a central data platform.

The report examines the impact of gas exploration in Mozambique, specifically in Cabo Delgado province. It alleges that French government support for energy companies like Total and financial institutions has exacerbated a cycle of corruption and violence. The document highlights a 2013 naval contract scandal that led to a financial crisis and links the militarization of gas infrastructure to the displacement of local communities and human rights abuses. Furthermore, it warns that the projected gas emissions from these projects represent a 'climate bomb' that contradicts France's stated climate goals.

The report details how France's economic diplomacy and financial support for gas projects in Mozambique, specifically in the Cabo Delgado region, have contributed to a cycle of debt, corruption, and violence. It highlights the 'tuna bonds' scandal involving the CMN shipyards and the subsequent militarization of gas sites, which has led to significant human rights violations and the displacement of local populations. The document further argues that these projects are 'climate bombs' that contradict France's international climate commitments and threaten the biodiversity of the Quirimbas biosphere.

The document details how French involvement in Mozambique's gas sector—through companies like Total and TechnipFMC and banks such as Crédit Agricole—has contributed to a cycle of debt, corruption, and human rights abuses. It highlights the 'tuna bonds' scandal, where illicit debts were contracted to fund a defense program under the guise of fishing. In Cabo Delgado, the report links gas projects to an insurgency that has caused over 1,100 deaths and displaced 100,000 people, noting that militarization prioritizes corporate assets over civilians. Environmentally, the report warns that three developing gas projects could emit greenhouse gases equivalent to seven years of France's total emissions, threatening the biodiversity of the Quirimbas biosphere reserve.