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The Landscape of Climate Finance 2012
Annual global climate finance flows reached approximately USD 343-385 billion in 2010/2011, with the private sector providing the majority (USD 217-243 billion). While public finance (USD 16-23 billion) acts as a catalyst, total investment remains far below the USD 1 trillion annual requirement projected by the IEA to limit global temperature rise to below 2 degrees Celsius. Mitigation activities, primarily renewable energy and energy efficiency, attracted the bulk of funding (USD 350 billion), while adaptation interventions received USD 12.3-15.8 billion. Emerging economies, particularly China, Brazil, and India, were the largest recipients of mitigation finance, often utilizing domestic resources and National Development Banks.
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Document type: Report
What kind of degrowth? The case of Croatia reconsidered
The authors from Group 22 argue that Croatia's small size is an advantage for piloting a transformative degrowth strategy. They contend that the last 20 years of capitalist development in Croatia have failed to improve societal wellbeing, as evidenced by stagnant Human Development Index (HDI) values, rising income inequality, and an increasing ecological footprint. The text asserts that simply utilizing renewable resources within existing 'cronyand clientelistic capitalism' would likely lead to corruption and market concentration. Instead, they propose a 'structured process of socially sustainable and equitable reduction' in material and energy use, supported by democratic deliberation and the redistribution of resources to maintain welfare while downsizing ecological impact.
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Document type: Statement
Reclaim Europe!
The statement 'Reclaim Europe!' argues that the European Union has become a 'project of the elites' that has failed young people, citing high youth unemployment and the dismantling of the welfare state. The authors propose a 'Plan B' for Europe based on degrowth, a Fiscal Union with a Financial Transaction Tax, and the democratization of EU institutions. They advocate for free, inclusive education, a guaranteed basic income, and an open-border policy that welcomes asylum seekers and migrants, while calling for the European Parliament to be granted the right of initiative.
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Document type: Statement
Meeting Emerging MRV Needs in China, Germany, Italy, and the United States: Are Countries Prepared?
The report evaluates the capacity of China, Germany, Italy, and the United States to meet evolving international and domestic MRV requirements for greenhouse gas emissions and mitigation actions. While most countries are well-positioned for emissions reporting, significant gaps exist in tracking the impact of specific mitigation policies and coordinating sub-national data.
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Document type: Report
Review of Trade in Ornamental Coral, Coral Products and Reef Associated Species to the United States
The United States is the world's largest importer of coral reef-associated species, with a market share of approximately 63% of global imports. Analysis of trade data from 2000 to 2009 reveals a five-fold increase in coral product imports and a steady annual import of roughly 15 million marine tropical fish. The report highlights the prevalence of destructive collection methods, such as cyanide use, and the overexploitation of specific species like the Banggai cardinalfish, seahorses, and giant clams. It argues that the U.S. should leverage its purchasing power to establish sustainability standards and improve data specificity to protect vulnerable marine ecosystems.
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Document type: Report
Modeling the Links between Biodiversity, Ecosystem Services and Human Wellbeing in the Context of Climate Change: Results from an Econometric Analysis on the European Forest Ecosystems
The research develops a Composite Forest Biodiversity Indicator (CFBI) to measure the qualitative and quantitative changes in forest ecosystems across 17 European countries. Using a three-stage-least-squares (3SLS) regression model, the authors analyze how rising temperatures, socio-economic factors, and biodiversity loss impact the economic value of provisioning, regulating, and cultural ecosystem services. The findings indicate that while warming generally reduces biodiversity, its effect on ecosystem service values varies by region and service type, suggesting that biodiversity management can mitigate some negative climate impacts.
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Document type: Research paper
Supporting Renewables while Saving Taxpayers Money
The report finds that federal incentives were critical for the viability of U.S. wind and solar projects in 2010, bridging roughly half the gap between generation costs and market prices. While cost reductions have made wind nearly viable with federal support alone by 2013, the report argues that current tax-based incentives are inefficient because project developers often lack the tax liabilities to fully utilize them, necessitating costly tax-equity financing. The authors propose replacing the Production Tax Credit (PTC) for wind with a Taxable Cash for Production (TCP) incentive and offering solar PV projects a 20% 1603 Cash Grant instead of a 30% Investment Tax Credit (ITC) to maintain support while significantly reducing costs to federal and state governments.
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Document type: Report
The Fridge Factory
Palfridge Limited, a manufacturer of domestic, commercial, and solar refrigerators, faces significant operational hurdles including customs inefficiencies between Swaziland and South Africa, high electricity costs and disruptions, and trade policy barriers. The company suffers from high import duties on European components due to Swaziland's failure to ratify an Economic Partnership Agreement with the EU and is currently barred from the Zimbabwean market. Additionally, the firm struggles with the retention of skilled local labor and has been forced to retrench workers due to rising business costs.
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Document type: Case study
Nakara
Nakara, a Namibian leather manufacturer employing 150 people, faces significant business constraints due to a lack of local technical skills and bureaucratic delays in obtaining work and export permits. The company's primary export market is South Africa, where it encounters severe cash flow issues because it must prepay VAT on behalf of medium-sized customers who cannot afford 'Deferred VAT Accounts'. Despite engaging with the Namibian Ministries of Environment and Tourism, Finance, and Trade and Industry, the company reports that no positive resolutions have been achieved to reduce these trade barriers.
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Document type: Case study
Investment Treaty News Quarterly
The July 2012 issue of Investment Treaty News Quarterly explores the tension between investor protections and the regulatory autonomy of states. Key discussions include the use of deferential standards of review to enhance the legitimacy of investor-state arbitration and the risks associated with unilateral offers to arbitrate in national investment codes. The document also analyzes how international investment agreements can clash with the provision of public services and the increasing trend of investors challenging renewable energy feed-in tariffs (FiTs) and domestic content requirements. Additionally, it reviews the European Commission's draft text for investor-state dispute settlement in EU agreements and provides summaries of recent arbitral awards involving countries such as Slovakia, Cuba, Paraguay, Ecuador, and Turkey.
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Document type: Research paper
Towards a New Green Leadership on Economic and Social Issues
The author analyzes the electoral performance of European Green parties following the 2009 financial crisis, noting a trend of decline in several countries. To counter this, the text proposes five strategic challenges: focusing on societal needs over internal struggles, embracing diversity in leadership and membership, transitioning from 'whistleblowers' to 'solution providers', establishing credibility on economic issues by promoting alternative green economic concepts, and asserting a strong commitment to social justice and equity. The author advocates for a 'Green New Deal' as a practical first step toward a radical paradigm shift in the development model, emphasizing that proposed efforts must be effective, fair, and legitimate to restore public trust.
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Document type: Statement
San Giorgio Group Case Study: Prosol Tunisia
The Prosol program (2005-2010) successfully scaled the deployment of solar water heaters in Tunisia by combining capital subsidies, concessional credit, and a unique risk-mitigation framework. By leveraging the state utility STEG as a debt collector and guarantor, the program reduced credit risk for commercial banks, leading to a 1:5 public-to-private investment ratio. The initiative not only increased installed capacity fivefold but also generated significant fiscal returns for the Tunisian government by reducing expenditures on liquefied petroleum gas (LPG) subsidies.
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Document type: Case study
Tracking Emissions and Mitigation Actions: Evaluation of MRV Systems in China, Germany, Italy, and the United States
The report assesses MRV systems in four major emitting countries, finding that while emissions tracking is generally sophisticated and transparent due to international frameworks like the UNFCCC, tracking the specific impacts of mitigation actions remains inconsistent and less reliable. It highlights a gap in the ability of policymakers to identify the most cost-effective policies, as MRV systems often track policy outputs rather than actual emissions outcomes. The analysis provides country-specific evaluations and identifies good practices, such as the U.S. facility-level data portal and China's annual progress reports.
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Document type: Research paper
Green Shoots of Recovery in the Securitisation Markets?
The report identifies 'green shoots of recovery' in securitisation markets, particularly through increased residential mortgage backed securities (RMBS) in the UK and trade finance securitisations. While investor demand is returning, the report argues that supply is constrained by heavy government intervention (such as by the ECB and US federal agencies) and stringent new regulations like Basel III and Solvency II. The author suggests that the normalisation of these markets is vital for climate finance, as 95% of project finance globally comes from bank lending, and securitisation allows banks to recycle limited capital to fund renewable energy and energy efficiency projects.
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Document type: Report
Open letter regarding the use of offsets in the EU ETS
The letter expresses concern that carbon offsets are undermining EU climate goals by stifling domestic emission reductions and supporting projects that lack environmental integrity. It specifically highlights the negative impacts of coal-fired power plants and large hydro projects in the Clean Development Mechanism (CDM), as well as the lack of transparency in Track 1 Joint Implementation (JI).
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Document type: Statement
Poland: The Dark Side of Growth
The text describes a 'dark side' of Polish economic growth characterized by low wages, high worker exploitation, and a failing welfare system. It highlights the prevalence of 'working poor' families, the erosion of trade union power, and severe impacts on children and life expectancy, particularly in impoverished areas of Warsaw.
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Document type: Statement
Austerity in Spain: a failed ideology
The document argues that Spain's adherence to EU-mandated austerity—termed the 'Euro Dogma'—has deepened its recession by contracting aggregate demand and undermining public services. It criticizes the Popular Party's labour reforms for reducing worker protections and wages without addressing the root causes of the crisis, such as the property bubble and lack of technological investment. The author highlights significant cuts to R&D, education, and health, while noting that military spending and grants to the Catholic Church remained relatively protected. The text suggests that Spain could instead leverage its human capital and renewable energy potential, and increase revenues by tackling tax evasion and taxing the wealthy, to achieve a sustainable recovery.
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Document type: Research paper
Only Deeper European Unification Can Save the Eurozone
The author contends that the eurozone crisis is not a failure of the euro itself, but a result of inadequate institutional underpinning and systemic problems that cannot be solved by national-level austerity. The text argues that the German government's focus on individual national fiscal discipline is a false diagnosis. To prevent a return to monetary nationalism or a permanent crisis, the author proposes a move toward political union among the 17 EMU member countries, involving collective guarantees for government bonds combined with strict collective control over national budgets. This process should be legitimized through a constitutional convention and public referenda to avoid a top-down 'centralised executive power'. Beyond the immediate crisis, the author suggests that unification is necessary to regulate global financial markets and maintain Europe's political and economic influence in a shifting global landscape.
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Document type: Statement
Tracking Emissions and Mitigation Actions
The report examines the MRV frameworks of four major emitters, finding that while emissions tracking is well-established and consistent with international standards, the tracking of mitigation actions is fragmented, often relying on ex-ante projections rather than ex-post measurements of actual reductions.
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Document type: Research paper
FRESHWATER TROUT AQUACULTURE DIALOGUE Final draft standards for environmentally and socially responsible trout farming
The Freshwater Trout Aquaculture Dialogue (FTAD) has developed a comprehensive set of global standards for freshwater trout aquaculture, focusing on environmental and social responsibility. The standards cover six core principles: legal compliance, habitat and biodiversity conservation, water resource protection, fish health management, resource efficiency (specifically feed and energy), and social responsibility. Key requirements include prohibitions on transgenic trout and lethal predator control, strict limits on phosphorus discharge, and mandates for fair wages and the absence of child or forced labor. The standards apply to all freshwater trout production systems globally and require 100 percent compliance for certification. Implementation and third-party certification will be managed by the Aquaculture Stewardship Council (ASC).
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Document type: Report