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Climate Finance Is Becoming Multipolar | World Resources Institute
An analysis of 14 major economies outside the traditional UNFCCC contributors reveals that they provided approximately $102 billion in voluntary climate finance from 2013 to 2023. The study highlights a shift toward a multipolar finance reality, where emerging markets and developing economies (EMDEs) are increasingly active, though their contributions remain fragmented in official reporting. The report emphasizes the need for inclusive reporting frameworks and the scaling of triangular partnerships and de-risking mechanisms to mobilize further private capital to meet global climate goals.
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Document type: Research paper
India's Aviation Opportunity: Turning Agricultural Residue and Low-Cost Solar into Competitive Sustainable Aviation Fuel with Power-and-Biomass-to-Liquids
This research paper proposes that India can develop a cost-competitive sustainable aviation fuel (SAF) industry using power-and-biomass-to-liquids (PBtL) technology, leveraging low-cost green hydrogen and agricultural residue to reduce crude oil imports and aviation emissions.
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Document type: Research paper
Fifteenth Report of the Green Climate Fund to the Conference of the Parties to the United Nations Framework Convention on Climate Change
The GCF's fifteenth annual report highlights a record year of programming with USD 3.26 billion approved in 2025 and a total portfolio exceeding USD 20 billion. Key institutional shifts include the establishment of regional offices in Panama City, Amman, Nairobi, Abidjan, and Suva to enhance country ownership and access. The Fund reports a near-parity balance between adaptation and mitigation in nominal terms, with 59.24% of the portfolio in grant equivalent terms dedicated to adaptation. Significant progress was made in private sector engagement, reaching a cumulative USD 7.21 billion. The report also details the 'Efficient GCF' initiative to reduce project appraisal times to nine months or less and the operationalization of a revised accreditation framework.
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Document type: Report
Electrifying Heat to Boost Performance
SKF Group has fully electrified the heating and cooling systems at its Massa factory in Italy, replacing gas-fired boilers with reversible heat pumps. This transition, integrated with a digital monitoring system, has reduced operational energy demand and lowered costs, despite high electricity prices in Italy. The factory sources 100% of its electricity from renewable sources, utilizing a virtual power purchase agreement for a solar plant in Spain and Guarantees of Origin. This project is part of a broader SKF Group strategy that has seen similar electrification and decarbonization efforts across eleven other global factories.
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Document type: Case study
LNG: Japan’s new export
Japan has become a major global LNG trader, significantly increasing its resales of US-sourced LNG to Asian markets between 2021 and 2025. This trade pattern, supported by Japanese government initiatives and financing, contributes to substantial lifecycle greenhouse gas emissions. The analysis shows that 16.5 billion kg of US LNG resold by Japan to Asia released 63.5 billion kg of CO2, with methane leaks and combustion being the primary drivers. The document argues that promoting LNG infrastructure in Asia risks locking in fossil fuel dependence and exacerbating climate-induced disasters in a region already vulnerable to extreme weather.
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Document type: Briefing
A Farewell Note from Managing Director Lisa Fernandez
Lisa Fernandez's farewell note outlines the evolution of the Yale Program on Climate Change Communication (YPCCC) from its inception in 2007. She highlights the program's dual focus on research—such as the "Climate Change in the American Mind" project and audience segmentation—and impact, including the creation of Yale Climate Connections and the Yale Climate Opinion Maps. Fernandez notes the program's expansion into international research and education, specifically mentioning work in China, Brazil, and India, and the launch of a "Strategic Climate Change Communication" online course. She concludes by introducing her successor, Jono Anzalone, and emphasizing the continued public support for climate action.
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Document type: Statement
Ghana
The report analyzes Ghana's socio-economic landscape, projecting its development to 2043. It highlights a strong growth potential driven by natural resources but warns of persistent poverty, high public debt, and corruption. The analysis compares a 'Current Path' with several targeted scenarios—including Governance, Manufacturing, and AfCFTA—demonstrating that integrated policy interventions in education, health, and industrialization could significantly increase GDP per capita and reduce extreme poverty. It also addresses critical challenges such as the 'galamsey' illegal mining crisis affecting water and forests, and the need for a transition toward renewable energy to mitigate rising carbon emissions.
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Document type: Report
Africa Development Futures
The report analyses Africa's development path to 2043, comparing a 'Current Path' baseline with various sectoral scenarios and a 'Combined' scenario. While the Current Path shows steady growth, it fails to meet Agenda 2063 targets, leaving 19.1% of the population in extreme poverty. The Combined scenario demonstrates that coordinated reforms in governance, trade (AfCFTA), education, and infrastructure could raise GDP (MER) to US$8.87 trillion, increase GDP per capita (PPP) to US$8,040, and reduce extreme poverty to 10.9%. Key findings highlight the critical role of the African Continental Free Trade Area (AfCFTA) and governance as the most transformative levers for income growth and poverty reduction. The report also details a significant energy gap, where demand is projected to outpace production by 2043 despite massive solar potential, and a health transition marked by a 'double burden' of persisting communicable diseases and rapidly rising non-communicable diseases.
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Document type: Report
Fewer but stronger workers in an ageing Europe
Europe is facing a significant demographic shift characterized by declining working-age populations and increasing old-age dependency, which is expected to create tighter labour markets and labour shortages by 2050. While this trend may stunt GDP growth and complicate investment, it provides an opportunity for trade unions to increase worker bargaining power and revitalize their membership, particularly by organizing the expanding care sector.
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Document type: Research paper
Gas share in global power mix has declined for a fifth consecutive year
The share of gas in the global power mix fell for the fifth consecutive year in 2025, dropping from 23.9% in 2020 to 21.8%. While absolute global gas generation has not yet peaked, its growth rate slowed from 2.9% (2016-2020) to 1.6% (2021-2025) as solar and wind met approximately 68% of global electricity demand growth over the last five years. By 2025, 61 out of 124 gas-generating economies had passed their historical gas generation peaks. In the G7, renewable power (2,544 TWh) nearly equaled gas power (2,577 TWh) in 2025. Conversely, gas remains central to the power sectors of the US and Canada, and continues to support demand in parts of North and West Africa.
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Document type: Report
Ripple effects 100 days into the Iran energy crisis
The closure of the Strait of Hormuz during the Iran war has triggered a global energy crisis, causing Brent crude to reach USD 138/barrel and spiking natural gas prices, particularly in Asia. This disruption has led to increased food and fertiliser prices, slowed global GDP growth, and strained national budgets through increased fossil fuel subsidies. In response, 26 countries and regions have implemented clean energy measures, with Asia leading in both vulnerability to supply shocks and the acceleration of clean technology investments and deployments.
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Document type: Fact sheet
The Demographic Dividend
The document defines the demographic dividend as the economic opportunity arising from a shift in the ratio of working-age people to dependents. It outlines specific metrics for identifying this window—such as a working-age to dependent ratio of 1.7:1 or a total fertility rate of 2.8 children per woman—and argues that the dividend is not automatic but requires supporting policies in health, education, and governance. Comparing global trajectories, it notes that high-income countries entered this window in 1966, while low-income countries are expected to enter in 2054. The text highlights that Nigeria is projected to reach a 1.7:1 ratio by approximately 2058 and peak around 2092, suggesting a much later and more moderate income growth potential compared to China or India.
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Document type: Research paper
Wildcards and Megatrends: Great Power Implosion, Technology and Climate Change
The report identifies several disruptive factors that could alter global trajectories, including the potential implosion of major powers like the US or China, the risks of generative AI, and the accelerating biosphere crisis. It highlights Africa's extreme vulnerability to climate change and warns that AI may exacerbate economic inequality and state surveillance. The text also notes a growing divide between the West and the Global South, driven by perceived self-centeredness during the COVID-19 pandemic and differing geopolitical responses to conflicts in Ukraine and Gaza.
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Document type: Report
The Time Is Now to Reconsider Planned Generation Projects
RMI advocates for the reassessment of planned coal-fired power plants, particularly in low-and-middle-income countries, given the falling costs of renewables and storage. The briefing provides a framework for identifying candidate plants for reconsideration based on their conception date, sunk costs, and evolving grid needs, suggesting that solar paired with battery energy storage (BESS) often offers a more competitive levelized cost of energy (LCOE) than new ultra-supercritical coal plants.
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Document type: Briefing
Reconsidering Planned Generation
The document argues that rapid declines in clean energy costs and evolving grid needs make many planned coal plants economically risky. It introduces a five-indicator framework to identify high-priority candidates for reconsideration and suggests a phased approach to transitioning these projects to alternatives like solar paired with battery energy storage systems (BESS).
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Document type: Policy brief
The Plastics Plot
The document analyzes how the plastics industry employs nine recurring disinformation frames—ranging from denialism and victim blaming to the promotion of pseudo-solutions like chemical recycling—to protect its legitimacy and deflect responsibility for plastic pollution. It argues that these narratives are amplified by digital algorithms and AI, and recommends upstream policy interventions, including production caps and legal accountability for producers, to address the root causes of the plastics crisis.
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Document type: Briefing
Global Breadbaskets
The report warns that climate change is increasing the probability of simultaneous crop failures in major global breadbaskets, which could trigger food price spikes, social unrest, and geopolitical instability. Using France, Germany, and India as examples, it projects significant increases in crop failure risks by 2040 and highlights how extreme heat undermines both agricultural yields and the labor and infrastructure necessary for food security. For Europe, these failures could be exploited by Russia through hybrid warfare and disinformation, while destabilizing import-dependent NATO and EU partners. The authors recommend that NATO and the EU integrate food security into resilience frameworks, protect agricultural aid, coordinate trade responses to avoid export bans, and increase investment in climate-smart agricultural R&D.
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Document type: Report
CHEAP SOLAR AND CROP RESIDUE COULD MAKE INDIA A SUSTAINABLE AVIATION FUEL LEADER
India is uniquely positioned to produce cost-competitive sustainable aviation fuel (SAF) using a power-and-biomass-to-liquids (PBtL) pathway. By combining low-cost green hydrogen—enabled by plummeting solar and battery costs—with abundant agricultural residue, India can produce SAF that is more cost-effective and has lower carbon intensity than competing technologies like HEFA, ATJ, BtL, and PtL. Analysis indicates that a 2030 PBtL project could produce SAF at costs 40% lower than recent fossil jet fuel prices, with parity potentially reached in the 2030s. Beyond decarbonization, this approach reduces dependence on crude oil imports (currently 90% of supply) and mitigates severe air pollution caused by open-field residue burning, which is linked to 44,000 to 98,000 premature deaths annually. The brief recommends government support through first-of-a-kind demonstration projects near Delhi, Pune, and Mumbai airports, the use of trade policies to access EU and UK markets, and the implementation of incentives based on the social cost of carbon and avoided health costs from air pollution.
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Document type: Policy brief
INDIA’S AVIATION OPPORTUNITY: TURNING AGRICULTURAL RESIDUE AND LOW-COST SOLAR INTO COMPETITIVE SUSTAINABLE AVIATION FUEL WITH POWER-AND-BIOMASS-TO-LIQUIDS
The report argues that India is uniquely positioned to lead in sustainable aviation fuel (SAF) production via the power-and-biomass-to-liquids (PBtL) pathway. By combining world-leading low-cost green hydrogen (driven by cheap solar power) with an abundance of surplus agricultural residue, India can produce SAF at costs significantly lower than global benchmarks. The analysis shows that PBtL is more resource-efficient and has a lower carbon intensity than other pathways like HEFA, ATJ, and BtL. The report projects that PBtL SAF could reach price parity with fossil aviation turbine fuel (ATF) in the 2030s, providing a hedge against crude oil price volatility and reducing air pollution from crop residue burning. It identifies regions around Delhi, Pune, and Mumbai airports as ideal for first-of-a-kind demonstration projects.
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Document type: Report
Scaling Rural Distributed Renewable Energy in India
The report argues that India's rural electrification must shift from simple access to improving reliability and quality through distributed renewable energy (DRE). While centralized projects are essential for national targets, DRE can address last-mile constraints. The authors develop a 'Model DRE Village Framework' that uses load typologies—such as agriculture-dominant versus residential-dominant—to determine system sizing, storage needs, and grid integration. Through techno-economic modelling in Hiware Bazar (Maharashtra) and Bamun Sualkuchi (Assam), the study demonstrates that solarization is generally cost-competitive compared to average power purchase costs (APPC), though battery energy storage systems (BESS) require careful sizing to remain affordable. The framework emphasizes a co-implementation model where distribution companies (DISCOMs) lead technical planning and ownership, while Gram Panchayats manage community governance and onboarding.
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Document type: Report