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The report argues that India's post-pandemic recovery should prioritize 'building back better' by investing in natural capital and nature-based solutions (NbS). It examines the role of public and private finance, the need for a green finance taxonomy, and the importance of integrating biodiversity values into agriculture, infrastructure, and sub-national climate action plans. Key focus areas include land restoration targets, the conservation of wetlands within the Central Asian Flyway, and the mitigation of illegal wildlife trade.

The policy brief warns that the EU ETS is at risk of a new oversupply of allowances due to the fast decarbonisation of the power sector and the impact of the COVID-19 pandemic. It argues that the current Market Stability Reserve (MSR) is insufficient to manage the expected surplus from coal phase-outs, which could reach 1.55 billion EUAs by 2030 based on planned closures, or 5.31 billion EUAs if current trends continue. To maintain environmental integrity, the author recommends a one-off cap reduction of 450 million allowances, increasing the linear reduction factor to 3.1% from 2023, raising the MSR intake rate to 36%, and implementing a rule to cancel allowances held in the MSR for more than three years.

The document analyzes how free emission allowances under the EU ETS led to up to 50 billion euros in windfall profits for energy-intensive industries between 2008 and 2019. It challenges the 'carbon leakage' justification for these allowances, noting a lack of evidence for industrial relocation. The author recommends transitioning to full auctioning of permits and utilizing the resulting revenues for climate innovation and a just transition.

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 document highlights the critical need for long-term, coordinated planning to manage the socio-economic shift away from coal in India, where the sector provides 70% of electricity and employs nearly 4 million people. It identifies seven priority elements for a just transition: long-term planning, union engagement, community engagement, addressing coal as a generational identity, local economic diversification, securing worker pensions, and environmental remediation. The brief argues that because coal is deeply embedded in the economy—contributing significantly to federal and state revenues in Jharkhand, Chhattisgarh, and Odisha—unplanned contractions could cause severe instability. It recommends leveraging international experience, such as Germany's mine closures and Denmark's Ørsted's diversification, while developing domestic mechanisms like the expanded use of District Mineral Foundations (DMFs) for local job creation.

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 statement argues that 100% clean power is a prerequisite for global carbon neutrality by 2050, as established by the IEA. It calls on P4G member countries to leverage recent momentum from the IEA and G7 to transition their power sectors away from fossil fuels, particularly coal, noting that the power sector must reach net zero well before the wider economy to enable the decarbonization of other sectors.

A small number of countries, primarily Turkey, Ukraine, and those in the Western Balkans, are responsible for the majority of coal power air pollution in Europe. Ukraine dominates PM10 emissions, while Turkey leads in NOx pollution. The report highlights that most of the most polluting plants are over 30 years old, though Turkey is an exception with some young plants among the top polluters. Many Energy Community countries failed to meet 2019 emission ceilings, and the report argues that subsidies and rehabilitation costs should instead be redirected toward the region's significant renewable energy potential.

The document argues that transport is a critical driver of development but a major source of emissions, accounting for 23% of energy-related CO2. It defines sustainable transport as safe, affordable, and efficient mobility that minimizes environmental impacts. The report details the evolution of international policy from the 1972 Stockholm Conference to the Sustainable Development Goals, and provides examples of successful interventions, such as Jakarta's BRT system and various cities' shifts toward active mobility (cycling and walking). It specifically notes the COVID-19 pandemic as a catalyst for structural changes in urban transit, though it warns that 30 major economies continue to provide significant subsidies to fossil fuels over clean energy.

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.

The Green Climate Fund (GCF) emphasizes that advancing gender equality is critical for a climate-resilient future, as women are disproportionately affected by climate change yet act as key agents of change. The GCF mandates gender mainstreaming across all interventions through its Governing Instrument and Gender Policy, requiring every project to include a Gender Action Plan. The Fund has committed to providing $10 billion annually in support designed to optimize co-benefits between climate action and gender equality. Specific examples of this approach include supporting women-led agricultural enterprises in Ghana, argan tree cooperatives in Morocco, clean energy enterprises in Mongolia, and off-grid renewable energy SMEs in Kenya and Rwanda via the KawiSafi Ventures Fund.

Reclaim Finance criticizes Société Générale for maintaining high levels of fossil fuel financing despite public pledges to exit coal and reduce oil and gas exposure. The document highlights the bank's continued support for Arctic extraction, shale gas, and liquefied natural gas (LNG), as well as its use of semantic loopholes to fund coal-heavy entities like EPH.

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.

Reclaim Finance criticizes Aviva for failing to align its financial activities with the 1.5°C climate goal, highlighting the company's continued investment in coal, oil, and gas developers. The statement calls for Aviva to close loopholes in its coal exclusion policy and commit to ending support for fossil fuel expansion before COP26.

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 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 document analyzes the 'exceptionality' of the Common Agricultural Policy (CAP) compared to other EU laws, arguing that its governance, legislative processes, and funding mechanisms are designed to protect agricultural sectoral interests. It contends that the CAP fails to meaningfully incorporate environmental stakeholders, operates through non-standard legislative channels like the Special Committee on Agriculture, and lacks the strict environmental safeguards found in other EU funds, such as the Common Provision Regulation. The report specifically criticizes the 'greenwashing' of the COVID-19 recovery budget and the lack of legally binding links between the CAP and the European Green Deal.

The document outlines two primary structures for Recovery Bonds: sovereign green bonds, which earmark proceeds for eligible environmental projects, and Fossil Fuel Subsidy Reform (FFSR) bonds, which use future savings from the removal of fossil fuel subsidies as a notional basis for repayment. It provides a step-by-step issuance guide for green bonds and identifies high-potential target markets for FFSR bonds, including China, India, Indonesia, Mexico, and Vietnam, with a cumulative potential of USD 500 billion. The report argues that green stimulus offers higher economic multipliers and job creation compared to traditional recovery spending.