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Sustainable Debt Market Summary Q1 2024
The report details a record-breaking Q1 2024 for aligned GSS+ debt, with USD 272.7bn added. Green bonds dominated the market, while Europe remained the primary regional source. The report also highlights the growth of sovereign GSS+ issuance, the emergence of nuclear energy in green bond frameworks in North America, and the evolving alignment of sustainability-linked bonds (SLBs) with Climate Bonds' methodology.
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Document type: Report
Fiscal Policy and Sustainable Finance
The report argues that fiscal policies—including roadmaps, tax incentives, guarantees, and subsidies—are essential to bridge the net-zero investment gap in the ASEAN+3 region. It identifies critical barriers such as a lack of suitable project pipelines, regulatory uncertainty, and the predominance of MSMEs. The document recommends a holistic approach combining these fiscal tools with non-fiscal policies like green taxonomies and mandatory climate disclosures to steer the financial sector toward sustainable development goals.
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Document type: Report
The Houthi (Ansar Allah) Digital Ecosystem
The Houthi movement utilizes a diverse network of official and unofficial digital channels to project influence and solidarity with Palestinians, leveraging a 'grey area' in platform moderation and government designations to avoid total censorship. The group's messaging is amplified by Iranian state media, pro-Kremlin networks, and far-left commentators, while official English-language content is carefully curated to be more palatable to international audiences than its Arabic counterparts.
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Document type: Briefing
What to expect from La Niña
The document describes La Niña as the cool phase of the El Niño-Southern Oscillation (ENSO) cycle, characterized by the movement of cold water to the central and eastern Pacific surface. For 2024, there is an 85% chance of a transition to neutral conditions between April and June, and a 60% chance of La Niña developing by June to August. The text highlights that multi-year La Niña events are increasing in frequency, with five of the last ten occurring in the past 25 years. While La Niña temporarily lowers global average surface temperatures by about 0.1C, it does not offset human-caused warming; recent La Niña years have been among the top 10 hottest years ever. Regional impacts include drier conditions in East Africa and the southern US, and wetter conditions in Southeast Asia, India, and northern South America, affecting various crop yields and increasing the risk of floods and droughts.
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Document type: Fact sheet
A Livable Climate Needs Help from Youth: The U.S. Can Foster It
The authors contend that youth are disproportionately affected by climate change and its associated security risks but remain excluded from formal policymaking. They propose three specific actions for U.S. leadership: including youth in the Paris Agreement negotiating team, utilizing youth engagement in public diplomacy and peacebuilding, and leveraging influence in international financial institutions like the World Bank to prioritize youth-led climate projects.
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Document type: Statement
Southeast Asia’s Energy Crossroads
The report argues that Southeast Asia is at an energy crossroads, where planned gas infrastructure expansion could lock the region into economically volatile fuels and high capital costs, while renewable energy offers a cost-competitive and sustainable alternative. It highlights that in-development gas power and LNG projects would require over $220 billion in investment and could double the region's gas-fired capacity. The document details specific national strategies in Vietnam, the Philippines, Thailand, Indonesia, and Malaysia, noting a trend of viewing gas as a 'transitional fuel'. It further critiques the role of international finance, particularly from Japan and South Korea, and the promotion of carbon capture and storage (CCS) as potential delays to the energy transition. Conversely, it presents data showing that utility-scale solar and wind could meet nearly two-thirds of the projected increase in energy demand by 2030, provided that grid infrastructure and cross-border electricity trade, such as the ASEAN Power Grid, are developed.
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Document type: Report
COMPREHENSIVE WEALTH REPORT
The report argues that GDP is an insufficient measure of national success because it ignores the depletion of assets and non-market well-being. By analyzing data from 1995 to 2020 for Ethiopia, Indonesia, and Trinidad and Tobago, the study demonstrates that comprehensive wealth (CW)—which includes natural, human, social, produced, and financial capital—reveals critical sustainability trends invisible to GDP. Key findings include the unsustainable depletion of fossil fuel assets in Trinidad and Tobago, the inefficient management of natural capital in Indonesia, and the critical need for increased agricultural productivity and wealth accumulation in Ethiopia.
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Document type: Report
Regional grids key to Singapore’s energy future
Singapore's path to net-zero by 2050 depends heavily on importing renewable energy from neighboring countries due to severe domestic land constraints. While the Singapore Green Plan 2030 targets 2 GW of solar and 4 GW of imports, analysis suggests these must be significantly scaled up—potentially to 16 GW of imports by 2045—to align with IEA net-zero milestones. Such a transition would reduce per capita power sector emissions by 52-58% by 2035 and decrease reliance on volatile gas prices. The report emphasizes that Singapore's financial capacity allows it to lead regional grid investments, such as the LTMS-PIP and potential links to India and the UAE, to secure its energy future and accelerate Southeast Asia's clean energy transition.
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Document type: Report
Rising Seas Stretch Risk Zones
Using updated CoastalDEM elevation data and IPCC medium-to-high emissions scenarios, Climate Central projects that by 2100, annual coastal flood risk zones will expand to include areas where an additional 93 million people currently live. The report highlights severe population impacts in Asia, particularly in China, Bangladesh, and Vietnam, and provides the first full assessment of population exposure in Arctic nations.
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Document type: Report
TRANSITION IN ACTION
The report examines the role of sustainable debt in transitioning the agri-food sector to net-zero, highlighting the need for finance to reach smallholder farmers. It introduces new Climate Bonds Sector Criteria for Agriculture Production and Deforestation and Conversion Free (DCF) Sourcing to standardize green activities. The analysis reveals that while sovereign issuers dominate the AFOLU sustainable debt market, there is a critical need for more material KPIs beyond scope 3 GHG emissions and greater transparency in the loan market to scale impactful investments.
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Document type: Report
Mixed messages: New oil and gas extraction areas raise the stakes for methane abatement
Global Energy Monitor identifies 74 new oil and gas projects that could emit 2.4 million metric tonnes of methane annually by 2030, potentially undermining the Global Methane Pledge. The analysis reveals significant discrepancies between these potential emissions and the company-wide figures reported by operators to the OGMP 2.0, suggesting widespread underreporting of assets or methane intensity. A small number of fields in Saudi Arabia and Guyana account for a disproportionate share of these emissions, while new EU regulations on imported oil and gas are expected to impact many of these developments.
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Document type: Briefing
COMPREHENSIVE WEALTH REPORT Indonesia
The report analyzes Indonesia's Comprehensive Wealth Index (CWI), which grew by an average of 4.3% annually between 1995 and 2020, driven primarily by human and produced capital. However, real per capita GDP grew more slowly at 2.8%, indicating a declining rate of return on wealth from 6.8% in 1995 to 4.8% in 2020. The study highlights inefficiencies in natural resource management and a lack of investment in renewable energy, suggesting that better asset management could have pushed Indonesia into the World Bank's upper-middle-income category by 2020.
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Document type: Report
Monitoring Progress in Green Public Procurement
The report emphasizes that while many OECD countries have integrated environmental goals into procurement, monitoring systems to track tangible impacts on greenhouse gas emissions are often neglected. Using examples from South Korea, Japan, Slovenia, Denmark, Malaysia, and the Netherlands, it identifies that successful monitoring requires strong government support and collaboration, though it is hindered by data gaps and tool complexity. The report recommends establishing legal mandates for monitoring, improving data management, and investing in staff capacity to ensure public procurement drives climate goals.
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Document type: Report
Seasonal Attribution Report
Between December 2023 and February 2024, carbon pollution drove abnormal warmth for approximately 80% of the global population. Roughly 4.8 billion people experienced at least one day of temperatures that would be 'virtually impossible' without climate change. The report highlights extreme temperature anomalies in the U.S. upper Midwest and Canada, as well as high Climate Shift Index (CSI) levels in tropical regions of Southeast Asia, Sub-Saharan Africa, and the Caribbean. It also documents associated extreme weather events, including record-breaking heat in Australia and deadly floods in the Democratic Republic of the Congo.
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Document type: Report
Monitoring Progress in Green Public Procurement
The report examines how governments can monitor green public procurement (GPP) to track progress toward climate goals. It categorizes monitoring into institutionalization, outputs, and outcomes, while detailing specific tools for measuring CO2 impacts. Through case studies of South Korea, Japan, Slovenia, Denmark, Malaysia, and the Netherlands, it identifies key success factors such as strong legal mandates and e-procurement integration. It also highlights significant barriers, including data insufficiency, decentralized procurement structures, and a lack of specialized technical skills. The document concludes with recommendations for governments to define clear targets, mandate monitoring through policy, and strengthen data management systems.
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Document type: Report
Summary of advice of the third meeting of the Indigenous Peoples Advisory Group
The IPAG-3 meeting focused on improving direct access to GCF funding for Indigenous Peoples, integrating indigenous knowledge into climate risk assessments, and ensuring the GCF Indigenous Peoples Policy is strictly applied in project proposals. Key outcomes include a commitment to a 2024 global structured dialogue on Indigenous Peoples, advice on staffing potential GCF regional offices with internal expertise rather than consultants, and requests for the Independent Redress Mechanism to build capacity for Indigenous Peoples on grievance mechanisms.
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Document type: Briefing
How States Can Use Low-Carbon Fuel Standards to Incentivize Clean Hydrogen-Derived Fuels
The policy brief examines how Low-Carbon Fuel Standards (LCFS) can complement federal hydrogen investments by directing clean hydrogen toward high-priority sectors. It analyzes existing programs in California, Oregon, and Washington, providing four lessons for other states: regulating intrastate aviation fuel to move beyond biogenic feedstocks, phasing in maritime fuel regulation, managing biogenic feedstock demand to prevent indirect land use change, and implementing rigorous emissions accounting to avoid loopholes for blue and grey hydrogen.
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Document type: Policy brief
State of the US Clean Energy Transition: Recent Progress, and What Comes Next
The U.S. clean energy sector saw record growth in 2023, particularly in solar installations and EV sales, supported by the Inflation Reduction Act and Bipartisan Infrastructure Law. However, the transition faces significant headwinds from rising interest rates, supply chain shortages for transformers, and a lagging transmission system. To meet 2035 carbon-free electricity goals, annual renewable installation rates must nearly double, and transmission capacity may need to double or triple.
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Document type: Report
Prospects and challenges for land-based climate change mitigation in support of carbon dioxide removal in China
The report finds that while China has significant potential for land-based climate mitigation, efforts have historically focused on energy and industry, with forestry being the only land sector with comprehensive targets. Agriculture, grasslands, and wetlands remain underexploited, hampered by a lack of standardized methodologies and a prioritization of food security over carbon sequestration. The relaunch of the China Certified Emission Reduction (CCER) scheme in 2023 offers a potential funding mechanism, though it is currently limited to forestry.
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Document type: Research paper
Greening Transportation Infrastructure Development Integrated Program
The Greening Transportation Infrastructure Development (GRID) Integrated Program, approved by the Global Environment Facility (GEF) in February 2024, provides nearly $27 million over five years to mainstream biodiversity into transportation infrastructure. Led by WWF with support from ADB and UNEP, the program implements national projects in Malaysia, Nepal, the Philippines, Suriname, and Ukraine. These projects focus on improving policy environments, participatory planning, innovative financing, and technical capacity to create nature-positive, low-carbon, and climate-resilient infrastructure, such as ports and highways.
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Document type: Fact sheet