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The document examines how green bonds support the UN Sustainable Development Goals (SDGs), specifically identifying SDGs 6, 7, 9, 11, 13, and 15 as those receiving the most direct benefit from green investment. It highlights that while clean energy (SDG7) remains the largest market share at 40%, other sectors like low carbon buildings (24%) and transport (15%) are significant. The author argues that climate change is a crosscutting threat to all SDGs and calls for the application of 'green' definitions and climate risk disclosure across all thematic bonds—including social and sustainability bonds—to avoid short-term gains that fail long-term climate targets. The briefing concludes that annual green bond issuance must scale to USD1 trillion by 2020 to meet these goals.

The Achmea ruling establishes that ISDS provisions are incompatible with EU law when they sideline domestic courts and undermine the EU's judicial system. While the ruling explicitly applies to bilateral investment treaties (BITs) between EU Member States, the briefing argues that the same reasoning likely renders agreements with third countries impermissible if the tribunals are not part of the EU judiciary, may interpret EU law, and lack full judicial review by Member State courts. This creates significant legal uncertainty, potentially making awards unenforceable and hindering the negotiation of new treaties containing investment arbitration.

The Achmea judgment establishes that ISDS provisions are incompatible with EU law when they sideline domestic courts and undermine the EU's judicial system. While the ruling explicitly applies to bilateral investment treaties (BITs) between EU Member States, the briefing argues that the same reasoning likely renders agreements with third countries impermissible. This is because such tribunals are not part of the EU judicial system, may resolve disputes relating to EU law, and their awards lack sufficient review by Member State courts. Consequently, this creates significant legal uncertainty, potentially making awards won by non-EU investors unenforceable and hindering the negotiation of new agreements containing investment arbitration.

The report evaluates ten climate solutions across five European countries, finding a total abatement potential of 149 Mt CO2eq by 2030, representing 13% of the region's projected emissions. Energy efficiency in buildings and industry are identified as the most cost-effective solutions, offering net savings, while onshore wind and solar power provide significant potential, particularly in the Baltic states. The study highlights that while Poland and Ukraine offer the highest absolute abatement, the relative impact is greater in Estonia, Latvia, and Lithuania. Key barriers include policies favoring fossil fuels and market uncertainty, while enablers include EU regulations and declining renewable technology costs.

The document serves as Deliverable 2.2 of the BONUS RETURN project, providing a preliminary list of ecotechnologies designed to minimize environmental harm and provide societal value by recovering carbon and nutrients. It defines ecotechnologies as "human interventions in social-ecological systems in the form of practices and/or biological, physical, and chemical processes designed to minimise harm to the environment and provide services of value to society". The report details the methodology used to identify these technologies, including bibliographic searches of Scopus and Web of Science and grey literature searches via Google Scholar and organizational websites. To date, the mapping has screened 40% of agricultural evidence and 60% of wastewater evidence, with the full database intended for a subsequent deliverable. The project aims to address the degradation of the Baltic Sea by improving the adoption of technologies that reconcile eutrophication reduction with food and energy security.

The report analyzes 19 green bonds issued in Q3 2017, finding that they generally achieve higher oversubscription and tighter pricing relative to initial price thoughts than vanilla bonds. While a 'greenium' (pricing without a new issue premium) was observed in a minority of cases, half the sample did not exhibit a new issue premium. EUR green bonds showed strong secondary market performance, consistently tightening more than their corresponding indices after 7 and 28 days.

In 2017, global green bond issuance reached USD 155.5 billion, a 78% increase over 2016. The market was led by the US, China, and France, with a notable rise in sovereign issuance and the emergence of new issuers from 37 countries. While renewable energy remains the primary use of proceeds, there was significant growth in allocations for low carbon buildings and transport. The report highlights a push toward harmonized international standards and forecasts a need for the market to reach USD 1 trillion by 2020 to impact climate targets.

The global green bond market reached a cumulative issuance of USD 521bn by 2018, with USD 167.6bn issued in 2018 alone. The USA, China, and France emerged as the leading national markets. The report highlights a significant increase in issuance from financial institutions, particularly commercial banks, and a growing trend toward shorter-dated bonds. While Europe remains the largest overall market, the Asia-Pacific region saw the highest year-on-year growth at 35%. The market is also diversifying into other labelled instruments, including sustainability, social, and blue bonds, and expanding into emerging markets through the adoption of regional standards like the ASEAN Green Bond Standards.

Scaling up 10 existing climate solutions in Estonia, Latvia, Lithuania, Poland, and Ukraine could reduce 2030 emissions by approximately 149 Mt (CO2e), representing a 13% reduction compared to baseline projections. The most significant absolute reductions are possible in Poland (71 Mt) and Ukraine (64 Mt), while the highest relative impacts are in the Baltic States, potentially cutting emissions by nearly 40% in Estonia and over 30% in Latvia and Lithuania. Energy efficiency in buildings and industry offers the highest potential and is the most cost-effective, with building efficiency alone potentially saving 2.9 billion euros by 2030. Conversely, wind power provides the greatest relative potential in the Baltic States. The report identifies common barriers such as high investment costs, weak carbon pricing, and lack of financing, and recommends policies including the phase-out of fossil fuel subsidies, stable legal frameworks, and targeted financial incentives.

ClientEarth's submission argues that the revision of the EU Fisheries Control System must prioritize the implementation and enforcement of existing rules over the creation of new ones. The organization opposes the 'regionalisation' of control measures, fearing it would weaken standards and create a 'race to the bottom'. Key recommendations include removing VMS and logbook exemptions for vessels between 12 and 15 metres, introducing electronic reporting and geo-tracking for small-scale fisheries (below 12 metres), and establishing stricter rules for the certification of engine power and gross tonnage. ClientEarth also advocates for the inclusion of recreational fisheries under licensing and reporting obligations for stocks subject to recovery plans or multiannual plans. Finally, it calls for a more transparent reporting system, an expanded role for the European Fisheries Control Agency (EFCA), and a more rigorous application of the penalty point system for serious infringements.

The briefing contends that the EU ETS phase 4 (2021-2030) fails to drive sufficient decarbonisation due to low carbon prices and excessive free allowances. It recommends that Member States implement national carbon floor prices, unilaterally cancel allowances following coal plant closures to avoid the 'waterbed effect', and redirect auctioning revenues toward a just transition. For the industrial sector, it advocates replacing free allocations with a carbon border tax and increasing the Linear Reduction Factor (LRF) to align with a 2040 or 2050 decarbonisation timeline.

The document evaluates EU countries' positions on the Effort Sharing Regulation (ESR), which covers 60% of EU greenhouse gas emissions. Using a scoring system across five categories—starting point, land use loopholes, ETS surplus loopholes, governance, and ambition levels—it ranks Sweden as the leader and Poland as the lowest performer. The brief argues that most EU countries are pushing for loopholes that undermine the Paris Agreement, with the European Commission's own proposal scoring only 20 out of 100 points.

The EU Climate Leader Board ranks EU member states on their support for the Effort Sharing Regulation across five categories: starting point, ETS surplus loophole, land use loophole, governance, and ambition level. Sweden ranks highest with a score of 67, while Malta ranks lowest with a score of 2. The analysis concludes that no EU country is currently doing enough to make the regulation compatible with the Paris Agreement.

The green bond market showed strong growth in Q3 2017, with USD 27.7bn issued, making it the second largest quarter ever. Emerging markets, particularly Mexico and India, saw significant activity, while the market expanded geographically into Malaysia and Lithuania. There is a growing trend toward external verification of green bond frameworks to increase transparency and investor confidence.

In Q3 2017, the green bond market saw USD 27.7bn in issuance, marking the second largest quarter ever. Emerging markets, particularly Mexico and India, showed significant growth, while the market saw an increasing trend toward external verification of green bond frameworks. The report also highlights the emergence of green Sukuk in Malaysia and the exclusion of USD 7.5bn in labelled bonds that did not meet the Climate Bonds Initiative's strict taxonomy.

The report evaluates a proposed wood biorefinery in Estonia with a projected capacity of 750,000 tonnes per year. Using the CEPI methodology, the study finds that the plant would have a negative fossil carbon footprint of -0.39 tonnes of CO2-e per tonne of finished product, primarily because the renewable electricity it exports to the grid replaces oil shale-based power. The plant is also estimated to sequester 1.3 tonnes of biogenic CO2-e per tonne of product. Compared to a 'zero scenario' where wood is exported to Nordic countries, the project is expected to reduce Estonia's overall greenhouse gas emissions by approximately 1.6% and increase the share of renewable electricity in national consumption to 26%.

The report develops a methodology using the LEAP-IBC (Integrated Benefit Calculator) tool to assess the impact of short-lived climate pollutants (SLCPs) in Estonia. Focusing on the residential and transport sectors, it compares 'Business As Usual' (BAU) and energy efficiency (EE) scenarios. Findings indicate that while BAU leads to a 4-6% increase in emissions by 2030, the EE scenario could reduce NOx, PM2.5, and black carbon emissions by 13-15%. The report emphasizes that the most significant health risks are driven by fine particulate matter (PM2.5) and black carbon, and recommends strategic urban planning and building renovations to mitigate these risks.

The report analyzes Estonia's energy transition from a system heavily dependent on oil shale to one based on low-carbon sources by 2050. Using LEAP, Balmorel, and EMPS models, it evaluates four scenarios: Baseline (BAU), Carbon Neutral (CN), 100% renewable (RES), and 100% renewable with increased demand (RES+). Key findings highlight that while wind and biomass have significant potential, achieving a carbon-neutral sector requires phasing out oil shale by 2040, expanding interconnections with the Nordic Power System (specifically Sweden and Finland), and implementing policy reforms such as removing fossil fuel subsidies and increasing investment support for small-scale renewables and energy efficiency.

The document argues that the EU must address the root causes of migration—such as poverty and armed conflict—rather than just symptoms. It proposes four main pillars: establishing a permanent European search and rescue operation to proactively save lives; increasing resettlement places and providing safe, legal access to the EU to bypass smugglers; safeguarding the right to spontaneous asylum applications at external borders while opposing the militarization of migration policy; and replacing the Dublin system with a solidarity-based responsibility-sharing mechanism for asylum seekers.

The author discusses the deep distrust immigrant families in Norway have toward the Child Welfare Service (Barnevernet), noting that this fear often outweighs the understanding that some children need protection. This crisis of confidence has evolved into a foreign policy issue, with countries like Lithuania, Poland, and India becoming involved. The author argues that the state's communication measures have been insufficient and that trust in such institutions is essential for a democratic society and the successful integration of immigrants.