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New SNAPFI Synthesis Report: International Climate Finance Architecture
The report examines how International Climate Finance (ICF) can better support sectoral transitions in emerging economies, arguing that current architecture is limited by insufficient funding and a reliance on loans that increase sovereign debt. Through case studies of Brazil, India, Indonesia, and South Africa, it highlights the need for ICF designs that account for sectoral characteristics, cross-sectoral linkages, and economy-wide transition needs to avoid carbon lock-ins and support just energy transitions.
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Document type: Report
Climate Change, Insecurity, and Migration: A Closer Look at India
The document examines India as a critical case study for the climate-insecurity-migration nexus, highlighting the tension between economic development and climate action. It identifies the need for stronger domestic architecture, regional policy platforms, improved institutional coordination, and adequate climate finance to address these challenges across South and Southeast Asia.
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Document type: Briefing
Listening beyond the echo chamber: Emerging Middle Powers Report 2024
The report highlights a divide between emerging middle powers (IBSA) and Germany regarding the war in Ukraine, the dominance of the US dollar, and the role of BRICS+. While IBSA respondents prefer mediation in conflicts and view the US dollar's dominance unfavourably, German respondents support Ukraine and view the dollar's role as favourable. Despite these differences, there is shared optimism for the G20 and a common interest in the 2030 Agenda, specifically regarding technology transfer and global public investment.
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Document type: Executive summary
Uncovering Indonesia’s hidden methane problem
Indonesia is significantly underreporting its coal mine methane (CMM) emissions, with official figures being six to seven times lower than independent estimates. The report identifies critical flaws in the current reporting framework, including the use of inaccurate emission factors, outdated global warming potential (GWP) values, and the total exclusion of underground coal mines. These gaps risk undermining Indonesia's commitments under the Global Methane Pledge. The author recommends transitioning to higher-tier IPCC estimation methods, implementing data disaggregation at the mine level, and improving public transparency to ensure climate targets are met and mine worker safety is enhanced.
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Document type: Report
GENDER ACTION PLAN
The Gender Action Plan for the Avaana Sustainability Fund aims to integrate women into India's climate-tech sectors, specifically sustainable resource management, mobility and supply chains, and sustainable agriculture and food systems. The plan operates across three levels: the fund level, targeting a workforce that is over 50% women and an investment pipeline where over 30% qualify under the 2x gender framework; the portfolio level, requiring Gender Action Plans for each portfolio company to improve gender performance and targeting over 30% aggregate female workforce participation by 2027; and the ecosystem level, providing capacity building, mentorship, and networking for female founders.
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Document type: Report
Gender Assessment
The report assesses the macro gender context in India, highlighting significant disparities in education, healthcare, and economic participation. It details how climate change disproportionately affects Indian women, particularly those in agriculture and resource management, and outlines a Gender Action Plan for the Avaana Climate and Sustainability Fund to integrate gender inclusivity into its investment process and portfolio companies.
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Document type: Report
Climate and Trade Cooperation after the Thirteenth WTO Ministerial Conference: Quo Vadis
The author argues that the Thirteenth WTO Ministerial Conference (MC13) failed to produce tangible progress on climate-related trade issues due to geopolitical tensions and opposition from members like India. While some plurilateral initiatives and external coalitions showed modest activity, the document suggests that success should now be measured by the revitalization of the WTO Committee on Trade and Environment and the development of non-binding codes of conduct rather than binding multilateral agreements.
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Document type: Research paper
Financing Transport Projects: Why integrating externalities matters for decision making
The document highlights that conventional financial analysis fails to capture the environmental and social impacts of transport projects, which contribute over 20% of global carbon dioxide emissions. It advocates for a holistic approach that accounts for externalities—such as public health benefits from improved air quality or costs from vehicle emissions—to better determine a project's overall value. The briefing also references several Sustainable Asset Valuation (SAVi) case studies involving electric vehicles in India, non-motorized transport in Coimbatore, wind portfolios in Germany, and bus electrification in Mongolia.
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Document type: Briefing
The National Security Rationale for Stockpiling Key Pharmaceutical Ingredients
The briefing identifies a critical national security risk stemming from the US pharmaceutical supply chain's dependence on China, which is the sole source for approximately 20% of API for vital medicines and 45% of KSM. It highlights that domestic generic manufacturing is severely underutilized, with plants operating at only half capacity, leaving the healthcare system and military vulnerable to shortages. The author proposes a phased strategy: immediately filling the Strategic Active Pharmaceutical Ingredient Reserve (SAPIR) with an 18-month supply of essential ingredients, providing grants and loans to transition manufacturing to US plants, and closing the 'Acetris loophole' to ensure 'manufactured in the U.S.' requires substantial transformation. The long-term goal is to achieve a domestic manufacturing capacity utilization of over 75% and reduce the number of drug shortages to below 50 within ten years.
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Document type: Briefing
Financial Benefit-Sharing Issues for Critical Minerals
The report examines how developing countries can capture a fair share of financial benefits from critical minerals, highlighting risks such as price volatility, oversupply, and opaque markets. It suggests opportunities for these nations to increase state participation, develop downstream processing capabilities, and reform fiscal incentives to maximize economic gains from the energy transition.
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Document type: Report
Problemas de Distribución de Beneficios Económicos en la extracción de Minerales Críticos: Desafíos y oportunidades para los países productores
The report analyzes the fiscal risks and opportunities for developing countries producing critical minerals essential for the energy transition. It highlights the potential for significant additional revenues—estimated up to USD 25 billion annually in taxes and royalties by 2040—while warning of risks such as price volatility, lack of transparency in markets like cobalt and lithium, and the potential for oversupply due to substitutes. The document argues that producer countries can increase their economic benefits by enhancing domestic processing (adding value), re-evaluating state participation, and reforming overly generous tax incentives. It also addresses the impact of alternative financing like 'metal streaming' and the potential costs associated with carbon pricing mechanisms such as the EU's Carbon Border Adjustment Mechanism.
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Document type: Report
Questions relatives au partage des avantages financiers issus des minéraux critiques : défis et opportunités pour les pays producteurs
The report analyzes how developing countries can maximize financial gains from critical minerals during the energy transition. It identifies risks such as price volatility, opaque markets, and the impact of alternative financing like metal streaming. Opportunities include increasing state participation, developing downstream processing to add value, and reforming tax incentives. The document emphasizes that while significant additional revenues are possible—potentially between 98 billion and 259 billion USD annually by 2040—the window of opportunity is limited by potential oversupply and the development of substitute materials.
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Document type: Report
Mapping India’s Energy Policy 2023
The document outlines the methodology used by the International Institute for Sustainable Development (IISD) to map public financial flows in India's energy sector. It defines government support as encompassing subsidies, state-owned enterprise investments, and lending by public financial institutions. The annex introduces new subsidies for green hydrogen, battery storage, and electric vehicles, while retrospectively revising methodologies for coal and renewable energy support. It also details the tracking of government receipts from coal, oil, gas, and renewables to provide a comprehensive view of the financial relationship between the state and the energy sector.
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Document type: Report
A Sustainable Asset Valuation of the Mass Rapid Transit System in Bogota, Colombia
The report evaluates the Bogota MRT system using the SAVi methodology, which integrates externalities like health, carbon emissions, and retail growth into a cost-benefit analysis. The analysis considers two demand scenarios (8% and 16% modal shift from private transport) over a 35-year period (2022–2058). While conventional benefit-cost ratios (BCR) are low (0.4 to 0.6), the sustainable BCR (S-BCR) ranges from 1.5 to 2.9, indicating the project is highly profitable from a societal perspective. Key benefits include significant retail revenue increases, health improvements from walking and reduced pollution, and a reduction in CO2 emissions by up to 10.79 million tonnes in the high-demand scenario.
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Document type: Report
A Sustainable Asset Valuation of the Sustainable Transport Strategy in Bogota, Colombia
The report applies the SAVi methodology to analyze two scenarios for Bogota's transport infrastructure: a current scenario (20102022) focusing on BRT and NMT, and a future scenario (20102058) including the MRT system. The analysis finds that while conventional benefit-cost ratios (BCR) are low (0.3 to 0.6), the sustainable BCR (S-BCR), which incorporates externalities like health, retail revenues, and CO2 emissions, is significantly higher (3.8 to 6.1). The most substantial added benefits are identified as retail revenues and property value increases, while the only negative value is the time lost due to increased walking and cycling. The report concludes that the strategy is an attractive investment that improves quality of life and supports climate targets.
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Document type: Report
STEELING OUR FUTURE
The report 'Steeling Our Future' by Reclaim Finance analyzes the financing of the 100 largest steel producers, finding that banks provided US$429 billion to these companies between 2016 and June 2023. It highlights a critical gap between banks' climate commitments and their continued support for coal-based blast furnace (BF-BOF) production, which accounts for nearly 90% of steel sector emissions. The document argues that current decarbonization targets are insufficient and calls for an immediate end to financing for new blast furnaces and the relining of existing ones to avoid stranded asset risks estimated at US$554 billion. It advocates for a shift toward hydrogen-based direct reduction of iron (HDRI) and electric arc furnaces (EAF) powered by sustainable electricity.
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Document type: Report
La guerre Russie-Ukraine: Conséquences pour l’Afrique
The document examines how African nations have responded to the Russia-Ukraine war, highlighting a trend toward non-alignment and a reluctance to support punitive measures against Russia. It argues that African responses are driven by a combination of historical grievances with Western leadership (such as the 2011 NATO intervention in Libya and COVID-19 vaccine inequity) and strategic national interests. The report details the economic opportunities arising from Europe's shift away from Russian energy, specifically regarding natural gas and critical minerals, while warning that geopolitical rivalry between the US, Russia, and China may undermine regional security initiatives like the Accra Initiative. It concludes by advocating for a foreign policy based on 'non-alignment' and 'indivisible security' to avoid becoming proxies in a new Cold War.
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Document type: Report
Annual Results Report for 2023
The Stockholm Environment Institute's 2023 Annual Results Report details the organization's progress across three primary impact areas: reducing climate risk, sustainable resource use, and health and well-being. Key achievements include supporting Morocco's net-zero 2050 target, advancing the Production Gap Report to influence COP28, and deploying digital tools like the Consumption Compass in Sweden and WEAP globally. The report also highlights organizational growth, including a 40% increase in total income over four years and a 45% per capita reduction in air travel emissions compared to 2017 levels.
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Document type: Report
Refinery of the Future
The report provides a detailed market assessment of the refining industry in four key regions, analyzing the transition from traditional crude-based products to low-carbon alternatives like SAF, green ammonia, and e-methanol, while evaluating the impact of regional climate policies.
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Document type: Report
Measures to Enhance Forest Conservation and Reduce Deforestation
The report analyzes deforestation policies in five producing countries—Costa Rica, Gabon, Indonesia, Peru, and Rwanda—to identify successful strategies for forest conservation. It highlights seven key success factors for governments in the Global South, including the use of tailored measure combinations, targeting high-risk areas, and leveraging both public and private funding. Additionally, it examines how voluntary sustainability standards (VSSs) can complement legal regulations to help private sector actors reach net-zero emissions, though it notes that limited alignment and low corporate uptake currently hinder their impact.
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Document type: Report