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Only transnational politics can break Europe’s deadlock
The authors contend that the EU suffers from diffuse accountability and a 'double deadlock' caused by a reliance on closed-door Franco-German agreements. They argue that Germany's role as a 'benevolent hegemon' is problematic because Berlin seeks to minimize costs and maximize control over debtor states while remaining reluctant to fully embrace its power. The text suggests that the only way to break this impasse is through 'transnational politics'—the creation of shifting alliances across national borders and the engagement of civil society—to replace the current 'constructive ambiguity' of European diplomacy.
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Document type: Research paper
GREEN BOND PRICING IN THE PRIMARY MARKET: July - December 2019
The report analyzes 49 green bonds totaling USD36bn issued in H2 2019. It finds that green bonds generally outperformed vanilla equivalents in terms of book cover and spread compression. Approximately 50% of these bonds were allocated to investors identifying as green. The analysis also highlights a 'greenium' (pricing inside the yield curve) for several bonds and examines the growing market for sovereign green bonds, where 12 governments had issued such instruments by December 2019.
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Document type: Report
Policy dialogue on a bioeconomy for sustainable development in the Baltic Sea region
The report details a policy dialogue workshop in Tallinn, Estonia, aimed at designing pathways toward a sustainable bioeconomy in the Baltic Sea region. Participants identified energy as the primary driving sector and emphasized the need for high-value-added products, localized value chains, and a shift in consumer thinking. Five key enabling factors were identified: clear policy goals (including carbon taxes and national strategies), support for research and innovation through multi-helix interaction models, public procurement and education to drive demand, cross-sector cooperation to manage biomass competition, and the integration of circularity to preserve biodiversity. The document also reflects on the pilot methodology, noting that the pre-selected global sustainability scenario was too general and that future workshops should group participants by economic sector rather than organization type.
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Document type: Report
Swedish sludge management at the crossroads
The document examines a 2020 Swedish government inquiry into sewage sludge management, which weighed a complete ban on agricultural reuse against continued use under stricter quality requirements. While the inquiry focused on recovering phosphorus, the authors argue that this narrow focus ignores the significant potential for recovering nitrogen and potassium, which could reduce Sweden's dependence on imported fertilizers and lower greenhouse gas emissions. The brief highlights the role of the REVAQ certification programme in controlling contaminants and discusses alternatives such as incineration with ash-based phosphorus recovery and source-separation of blackwater and urine.
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Document type: Policy brief
A science oath for the climate: a pledge of scrutiny, integrity and engagement
The 'science oath for the climate' is a pledge signed by nearly 600 scientists and engineers to act against catastrophic climate disruption. Signatories commit to communicating scientific evidence without compromise, resisting political or economic pragmatism when discussing the 1.5°C and 2°C Paris Agreement targets, and reducing their own carbon emissions. The document includes a comprehensive list of signatories from various global academic and professional institutions.
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Document type: Statement
OVERVIEW OF REGULATORY REQUIREMENTS AND SUPPORT MECHANISMS IN THE BALTIC SEA REGION
The report examines climate adaptation frameworks in the Baltic Sea Region (BSR), finding that while all nine studied countries have national strategies, only Denmark mandates local-level adaptation plans. Most BSR countries encourage but do not require municipalities to develop specific adaptation strategies, often relying on project-based funding or integrating climate risks into broader spatial and emergency planning. The analysis highlights a strong focus on flood risk management and identifies critical knowledge gaps regarding the comprehensiveness of local risk assessments and the sufficiency of stable funding and guidance for local authorities.
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Document type: Report
Breaking Europes Double Deadlock
The authors contend that the EU is paralyzed by institutional inertia, the dominance of the Council, and the influence of vested interests. They critique Emmanuel Macron's reliance on a Franco-German bilateral engine, arguing that it ignores the reality of transnational politics and the effectiveness of coalitions like the Visegrád Group. The text suggests that breaking the deadlock requires leveraging the European Parliament, forming offensive and defensive coalitions, and using strategic unilateral action or the blocking of trade deals to force systemic change.
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Document type: Research paper
Renewables in the Energy Security Landscape in Poland and Ukraine
The author argues that Poland and Ukraine's dependence on Russian gas and oil creates significant security vulnerabilities, which Russia exploits for political pressure. While Poland is investing in infrastructure like the Świnoujście LNG terminal and Baltic Pipe to end gas imports by 2022, Ukraine remains more vulnerable due to limited financial and regulatory capacity. The document posits that long-term resilience against 'hybrid war' requires a shift from centralized energy systems to distributed networks based on renewables and improved energy efficiency, particularly in the housing sector.
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Document type: Research paper
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
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
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
Arctic wetlands: time bomb or saving grace?
The document describes Arctic wetlands as critical ecosystems that store vast amounts of carbon and support biodiversity and Indigenous livelihoods. It warns that climate-driven permafrost degradation and human activities like drainage turn these areas into a 'time bomb' by releasing greenhouse gases and toxic mercury. Conversely, it argues that restoration and conservation can serve as a 'saving grace' for climate mitigation and adaptation. The briefing highlights the need for better wetland inventories and comparative analysis of management strategies to improve governance across Arctic states.
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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
Eesti ökoloogilise maksureformi realiseerumine
The report finds that Estonia's 2005 ecological tax reform was only partially implemented, with success largely limited to fiscal goals rather than behavioral or environmental changes. While excise duties on energy products and electricity were generally increased, transport and pollution taxes saw minimal progress. Consequently, several negative trends persisted or worsened between 2005 and 2017, including a 43% increase in direct material input, a rise in the number of passenger cars, and continued reliance on oil shale for electricity production. Positive developments were noted in the growth of renewable electricity and a reduction in certain air pollutants, though greenhouse gas emissions from transport increased by 10%.
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Document type: Report
An Open Letter to States and Development Financiers on the need to ensure that development interventions support the realization of human rights, safeguard human rights defenders and guarantee meaningful public participation
The Defenders in Development Campaign urges states and development finance institutions (DFIs) to integrate human rights protections into development projects, noting that defenders of land and environmental rights face extreme risks of violence and criminalization.
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Document type: Statement
Struggle and hope for Europe's progressive parties
The authors examine the struggle of Social Democratic, Green, and far-left parties in the EU, noting their failure to translate voter concerns about climate change and unemployment into electoral success. They argue that the material prosperity brought by globalisation has complicated traditional left-wing appeals, while a sense of 'declinism' has benefited right-wing populists. The document suggests that progressives should avoid narratives of societal decline and instead offer a hopeful vision of the future to regain political influence.
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Document type: Research paper
Green Bonds – A Bridge to the SDGs
The document examines how green bonds support the UN Sustainable Development Goals (SDGs), specifically highlighting six goals that receive direct benefits from green investment. It emphasizes that climate action is a crosscutting theme necessary for the success of all SDGs and calls for increased climate risk disclosure across all thematic bond labels to ensure long-term sustainability.
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Document type: Briefing
Green Bonds Policy: Highlights from Q1-Q2 2018
The document details the growth of sovereign green bonds, the introduction of national guidelines in Latin America, and the implementation of targeted incentives in Hong Kong. It also covers the European Commission's progress on a sustainable finance taxonomy, Luxembourg's pioneering law for renewable energy covered bonds, and the increasing role of central banks, such as the People's Bank of China, in integrating green assets into financial stability frameworks.
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Document type: Briefing