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Green Bonds Market Summary Q1 2019
In Q1 2019, global green bond issuance reached USD 47.9 billion, a 42% increase over Q1 2018. The market was driven by non-financial corporates, particularly in the energy sector, and dominated by developed markets in the USA, France, and Canada. Energy, buildings, and transport accounted for 81% of the use of proceeds. The report also highlights that while post-issuance reporting is common among larger issuers and those with external reviews, there is a lack of consistency in the metrics used to report environmental impacts.
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Document type: Report
LeasePlan CEO: Germany’s clean mobility commission should harness the EV future
LeasePlan CEO Tex Gunning urges Germany to embrace electric vehicles (EVs) as a critical tool for reducing transport emissions and driving economic growth. He highlights that while the global automotive industry and countries like China, the UK, and Norway are accelerating their shift to EVs, Germany's transport sector has seen no GHG emission reductions since 1990. Gunning calls on the German clean mobility commission to provide the policy clarity needed for businesses to invest in a zero-carbon transport future.
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Document type: Statement
Prosumers for the Energy Union: mainstreaming active participation of citizens in the energy transition Assessment of existing EU-wide and Member State-specific regulatory and policy frameworks of RES Prosumers
The report analyzes the legal landscape for RES prosumers and renewable energy communities (REComs) in the EU and nine Member States: Belgium/Flanders, Croatia, France, Germany, Italy, Portugal, Spain, the Netherlands, and the United Kingdom. It finds a significant gap between recent EU-level efforts to promote active citizen participation—such as the RED II and the draft recast Electricity Directive—and the diverse, often restrictive, national laws. While some countries like Germany and France have more advanced frameworks, others like Portugal and Belgium/Flanders face substantial regulatory barriers, including the lack of legal definitions for energy communities and restrictions on peer-to-peer energy sharing. The report concludes that EU legislation is likely to drive national policy changes toward more progressive, citizen-centered energy models.
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Document type: Report
Marine Plastics Pollution
The document analyzes the scale of plastic pollution in China, noting that China's 2017 plastic production was approximately 75 million tons. It details the EU's comprehensive approach, including the Waste Framework Directive and the Packaging and Packaging Waste Directive, which utilize Extended Producer Responsibility (EPR) to shift financial and operational burdens to producers. The paper highlights EU targets under 'Plastics 2030' to make all plastic packaging reusable or recyclable by 2030. It concludes by recommending that China upgrade its legal systems, adopt whole-process management from production to disposal, and cooperate with the EU on transboundary waste treatment and global governance.
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Document type: Research paper
The European Defence Fund: Key Issues and Controversies
The European Defence Fund (EDF) represents a significant shift in EU policy, marking the first time the Union directly invests public funds into military technologies. With an estimated 13 billion euro allocated for 2021-2027, the fund aims to enhance the European Defence Technological and Industrial Base (EDTIB) and achieve 'strategic autonomy' by funding cutting-edge research and interoperable capabilities. A specific portion (4% to 8%) is dedicated to 'disruptive technologies,' such as artificial intelligence and robotics. However, the initiative faces criticism over the potential for 'corporate capture' by the defence industry, a lack of transparency in fund management, and a perceived shift in the EU's identity from a peace project to a military investor.
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Document type: Policy brief
Le Plan national d’adaptation du Burkina Faso : un effort de planification à long terme
The document details Burkina Faso's transition from the 2007 National Adaptation Programme of Action (NAPA) to a comprehensive National Adaptation Plan (NAP) adopted in 2015. It outlines a multisectoral approach targeting water, agriculture, health, and energy, emphasizing a vision for climate resilience by 2050. The study highlights the institutional role of the Permanent Secretariat of the National Council for Sustainable Development (SP/CNDD) and identifies critical gaps in financing, inter-ministerial communication, and the need for reliable long-term scientific data.
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Document type: Case study
The personal is political
The document argues that the 'personal is political' regarding technology use, suggesting that individual ethical struggles with digital distraction and loneliness can be a gateway to broader advocacy for media justice. It highlights two primary areas of focus: net neutrality, which prevents Internet Service Providers from unfairly prioritizing or blocking content, and the 'Change the Terms' campaign, which seeks transparent, fair corporate policies to combat online hate speech. The author emphasizes that faith-based organizations are uniquely positioned to lead these efforts due to their moral approach to social justice and their history of fighting discrimination.
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Document type: Research paper
Domestic Landscape of Climate Finance
The document advocates for Poland to adopt climate finance tracking methodologies, similar to those used in France and Germany, to manage the large-scale investment needs required for Paris-compatible development and to redirect financial flows toward sustainable solutions.
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Document type: Policy brief
What Investors Want from Sustainability Data
The report examines the challenges facing sustainable investing due to substandard ESG data, highlighting issues such as lack of standardization, poor coverage, and a specific inability to quantify physical climate risks. Based on interviews with investment practitioners managing $5.2 trillion in assets, it argues that while disclosure frameworks like TCFD and SASB are improving the landscape, investors still lack the granular asset-level data and standardized methodologies required to translate sustainability metrics into financial materiality. The document proposes several solutions, including the development of a Physical Resilience Protocol and the use of geospatial data to fill context gaps in corporate reporting.
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Document type: Report
Natural capital for governments: what, why and how
The report argues that wealth and wellbeing depend on natural capital—the stock of renewable and non-renewable resources that provide essential ecosystem services. It highlights that natural capital can account for 30% to 50% of national wealth in various countries, yet traditional GDP measures fail to capture this value. The document outlines how governments can generate societal returns (e.g., poverty reduction and public health), economic returns (e.g., business resilience and green infrastructure), and environmental returns (e.g., ecological resilience). To scale these benefits, the report proposes twelve specific levers for government action, ranging from implementing UN-SEEA accounting frameworks and creating public-private partnerships to mainstreaming natural capital into macro indicators and implementing mandatory non-financial disclosures.
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Document type: Report
Green Bonds Policy: Highlights from Q1-Q2 2018
The document reports on the growth of sovereign green bond issuance in 2018, noting that sovereign issuance reached 10.5% of the green bond market share. It details specific issuances from countries like France, Indonesia, and the Seychelles, and outlines the development of the Green Bond Market Development Toolkit for emerging markets. Additionally, it describes the EU's progress toward a sustainable finance taxonomy and the efforts of central banks, such as the Bank of England and De Nederlandsche Bank, to integrate climate risk into financial supervision and stress testing.
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Document type: Briefing
TRACKING PROGRESS OF THE 2020 CLIMATE TURNING POINT
The report finds that while some progress has been made, the world is not yet on track to achieve the 2020 climate turning point. Progress is uneven across the six milestones, with most outcomes designated as having insufficient or off-track progress, though some areas like shipping and public climate finance are on track.
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Document type: Research paper
The Road Ahead for the DRC
The document analyzes the precarious transition of power in the Democratic Republic of Congo following the announcement that Félix Tshisekedi won the December 30 election with 38.57% of the vote. It highlights immediate hurdles, including contested election legitimacy, the risk of violence from supporters of Martin Fayulu, and the necessity of securing the acquiescence of Joseph Kabila's regime and the military. The author argues that regional stability depends on Tshisekedi's ability to cooperate with leaders in Rwanda, Burundi, Uganda, South Africa, and Angola, as well as the continued engagement of the UN Security Council through MONUSCO.
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Document type: Research paper
Cities as the new environmental watchdog in the EU
The CJEU ruled on 13 December (2018) that cities such as Brussels, Paris, and Madrid have standing under Article 263 TFEU to challenge EU regulations if those regulations prevent them from exercising their regulatory powers. In this case, the cities successfully challenged the 'conformity factor' in Commission Regulation 2016/646, which had relaxed the Euro 6 emissions standard. The court found that the regulation restricted the cities' ability to ban vehicles that met the relaxed standard but exceeded stricter emission limits. This decision is framed as a landmark for access to justice, potentially allowing cities to act as environmental watchdogs and challenge other EU measures, such as the authorization of glyphosate.
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Document type: Legal commentary
Improving Nuclear Strategic Stability Through a Responsibility-Based Approach
The briefing argues that the world is entering a period without formal arms control agreements between the US and Russia, increasing the risk of nuclear miscalculation and a new arms race. To counter this, the author introduces 'Nuclear Strategic Stability' (NSS) as a metric to assess postures and capabilities, and proposes a '10-point Code of Responsible Nuclear Weapon Capable States' based on restraint, relevance, reassurance, readiness, reciprocity, and reduction. The author outlines a three-gateway (T1, T2, T3) framework to transition from current deterrents to total disarmament, emphasizing that the security of states must be ensured through conventional arms control before final nuclear elimination can occur.
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Document type: Briefing
Financing low-carbon buildings and energy efficiency in the green bond market
The document examines the global green bond market for low-carbon buildings, highlighting the role of securitisations, covered bonds, and public infrastructure financing. It identifies Japan as a key player with significant potential to leverage these instruments for energy efficiency and climate adaptation.
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Document type: Briefing
2018-green-bond-market-highlights-92fac2219bd66bae.pdf
Global green bond issuance grew by 3% in 2018 to USD 167.3bn, with the USA, China, and France remaining the top national markets. While growth slowed compared to 2017, the broader labelled bond market—including sustainability and social bonds—increased by 13% to USD 226.1bn. The Asia-Pacific region saw the highest growth rate at 35%, and financial corporates became a primary driver of issuance. The report also notes a trend toward larger, benchmark-sized bonds and the emergence of sovereign blue bonds.
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Document type: Report
Legal Framework of Environmental and Social Impact Assessment in the Mining Sector
The report analyzes the legal frameworks of 22 IGF member countries, identifying systemic weaknesses in how ESIAs and related plans (ESMPs, closure plans, and RAPs) are used as decision-making tools. Key issues include ambiguity over the rights of exploration permit holders during the transition to exploitation, inadequate sequencing of document submission, and weak monitoring mechanisms. It argues that ESIAs should be capable of leading to project rejection and recommends the use of Strategic Environmental Assessments (SEAs) to identify sensitive areas before exploration permits are granted. The document also highlights the risk of international arbitration arising from these legal ambiguities.
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Document type: Report
Cadre juridique de l’Évaluation d’Impact Environnemental et Social dans le Secteur Minier
The report analyzes the legal frameworks of 22 IGF member countries to identify systemic gaps in the implementation of Environmental and Social Impact Assessments (ESIAs) in mining. Key issues include ambiguity over the rights of exploration permit holders to transition to exploitation, inadequate timing for submitting closure plans and financial guarantees, and a lack of coordination between mining and environmental authorities. The document argues for a shift toward using ESIAs as genuine decision-making tools that can lead to project rejection, the adoption of Strategic Environmental Assessments (SEAs) to identify sensitive zones, and the strengthening of community participation and independent monitoring to ensure sustainable mine closure.
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Document type: Research paper
PLANIFICACIÓN DE LA ADAPTACIÓN AL CAMBIO CLIMÁTICO EN LAS CIUDADES ESPAÑOLAS
The document finds that climate adaptation planning in Spanish cities is in its early stages, with only 11 of 54 analyzed cities having specific plans, most of which were developed in the last three years. While these plans show strengths in international network adherence and risk assessment, they lack binding legislation, dedicated budgets, and sufficient integration of equity and justice. The brief highlights Barcelona, Córdoba, and Murcia as high-performing cities and suggests that the Spanish state and regional governments should provide more technical and financial support, potentially through mandatory planning regulations similar to those in the UK, Denmark, France, and Slovakia.
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Document type: Policy brief