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This document is a Japanese translation of an excerpt from the 'Boom & Bust Coal 2024' report by Global Energy Monitor and its partners. It tracks global coal-fired power plant plans as of April 2024, highlighting a contradiction where global coal capacity reached record highs in 2023 despite a general trend of shrinking development pipelines in most countries except China.

The document argues that superhot rock energy could provide a ubiquitous, carbon-free, and land-efficient power source for the MENA region, leveraging existing subsurface expertise from the oil and gas industry to overcome technological hurdles.

The Kuali Fund-GCF Gender Assessment analyzes gender disparities in the financial and agricultural sectors across Brazil, Colombia, El Salvador, Guatemala, Honduras, Mexico, and Panama. It identifies systemic barriers—including limited access to credit, land ownership gaps, and the burden of unpaid care work—that hinder women-led micro, small, and medium enterprises (MSMEs) and female smallholder farmers. The report argues that women are more vulnerable to climate change and face a significant financing gap, which the fund aims to address through a Gender Action Plan (GAP) involving technical assistance, gender-responsive financial products, and capacity building for financial service providers (FSPs).

The 2023 update shows minimal progress in climate commitments among the 70 largest PFIs, with only two institutions setting new targets. However, an analysis of smaller PFIs in emerging markets and developing economies reveals that institutional size is not a primary barrier to climate ambition; instead, government prioritization and national climate goals are the strongest drivers of engagement. The report highlights that banks with general development mandates tend to be more climate-ambitious than those with narrow sectoral mandates, though successful examples exist in infrastructure and agriculture.

The report argues that while MDBs have increased overall climate finance, urban climate investments in L&MICs have plateaued and remain insufficient. It identifies critical gaps in strategy, operating models, and private capital mobilization, recommending a shift from project-by-project approaches to programmatic strategies and increased direct financing for cities to meet global climate goals.

The paper argues that low-carbon hydrogen should be reserved for 'no-regrets' industrial applications—such as refining, ammonia, methanol, and steel production—rather than residential heating or light-duty vehicles, due to high energy costs and physical transport challenges.

Climate finance for small-scale agrifood systems was USD 5.53 billion in 2019/20, representing only 0.8% of total global climate finance and 19% of agrifood-specific flows. This reflects a 44% decline from the 2017/18 period, driven by reduced commitments from governments and development finance institutions. Funding is dominated by public sources (96%) and primarily delivered via grants and concessional debt, with a critical lack of equity investment. Geographically, Sub-Saharan Africa received the largest share (34%), while South Asia and the MENA region remain significantly underserved despite high climate vulnerability. The report argues that current funding is starkly inadequate compared to the estimated annual general financing needs of smallholder farmers (USD 170 billion) and agri-SMEs (USD 106 billion).

The report examines the role of the European Union in mitigating cross-border climate impacts, specifically focusing on how climatic shocks in agri-food systems in third countries can trigger cascading risks—such as economic disruption, social unrest, and migration—that eventually affect Europe.

The MENA region increased its operational utility-scale solar and wind capacity by 57% since May 2022, adding 6.9 GW. While prospective capacity has grown by 400% to 361 GW, 60% of these projects are earmarked for green hydrogen production or export rather than domestic decarbonization. Oil and gas power plants still provide over 90% of the region's electricity, and replacing them would require approximately 500 GW of additional solar and wind capacity. The report highlights a disparity in progress, noting that South America operationalized at least four times more capacity in the same period. Additionally, sovereign wealth funds from the UAE and Saudi Arabia are investing more heavily in renewables abroad (46 GW) than domestically (14 GW).

The report argues that existing social contracts are broken, exclusionary, and ignore planetary boundaries, necessitating a transition to 'eco-social contracts'. These new frameworks are proposed to be grounded in human rights, gender justice, and a 'contract with nature'. The document explores various pathways for implementation, including rights-based economies, the recognition of the rights of nature, and the inclusion of marginalized groups such as informal workers and Indigenous peoples. It provides specific regional analyses and case studies from Nepal, the MENA region, India, and Australia to illustrate how participatory processes and communitarian imaginaries (such as Ubuntu and Sumak kawsay) can inform these new societal agreements.

Global investments in energy transition technologies reached a record USD 1.3 trillion in 2022, yet this remains insufficient to meet climate goals, with annual needs estimated at over USD 5 trillion. While renewable energy investments are growing, they are heavily concentrated in a few regions—primarily East Asia and the Pacific—and specific technologies like solar PV and wind. Conversely, fossil fuel investments continue to rise, and subsidies remain high, particularly in Europe and the MENA region. The report emphasizes the need for a fundamental shift in financing for the Global South, calling for more innovative public finance instruments, the mobilization of institutional capital, and a transition away from fossil fuel funding to ensure a just and inclusive energy transition.

The report finds that global methane abatement finance reached USD 13.7 billion in 2021/22, yet remains far below the estimated annual need of USD 48 billion by 2030. While the AFOLU sector saw a 77% increase in funding, the fossil fuel sector—which has the highest mitigation potential—received less than 1% of tracked finance. Private sources provided 70% of total funding, primarily through debt and equity, while public finance declined by 10%. Geographically, East Asia and the Pacific, the U.S. and Canada, and Western Europe are the top recipients, leaving a significant support gap in Latin America and South Asia.

The Middle East and North Africa (MENA) region has the potential to become a global leader in zero-carbon fuels, particularly hydrogen, by utilizing its geographic position and natural resources. While countries like Saudi Arabia, Oman, and the UAE have announced projects using wind, solar, and natural gas with carbon capture, the region requires international cooperation and demand signals to scale infrastructure. Success depends on transitioning from one-off projects to a systematic approach that addresses high costs and infrastructure gaps, supported by partnerships between MENA countries and buyers in Asia and the EU.

IDFC members reported a record $224 billion in green finance commitments in 2021, with climate finance accounting for 95% of the total. Mitigation finance reached $186.6 billion, while adaptation finance decreased by 24% to $20.9 billion. Biodiversity finance grew by 31% to $18.4 billion. The majority of climate finance was provided by non-OECD institutions and directed toward the East Asia and Pacific region.

The MENA region is well-positioned to produce zero-carbon fuels due to its abundant solar, wind, and hydrocarbon resources, as well as existing industrial infrastructure. While 'green' hydrogen (from renewables) and 'blue' hydrogen (from natural gas with carbon capture and storage) are both viable, the report argues that hydrocarbon-derived fuels could provide a lower-cost catalytic role in scaling the market. However, significant barriers exist, including a lack of meaningful demand beyond industrial users, the absence of carbon pricing or regulatory requirements to reduce emissions, and a lack of common certification schemes for lifecycle greenhouse gas emissions. The report recommends regional coordination, the development of fuel-neutral procurement policies, and the establishment of comprehensive regulatory frameworks for carbon management to attract investment and ensure environmental integrity.

The Middle East and North Africa (MENA) region is well-positioned to become a global leader in carbon management due to its existing technical expertise, financial resources, and geologic storage capacity. While current project numbers are low compared to the U.S. and Europe, the region has significant potential to scale up carbon capture to reduce industrial emissions and produce zero-carbon fuels like hydrogen and ammonia.

The document challenges the common assumption that unemployment, particularly among youth, increases the likelihood of political violence and protests. By reviewing global research and analyzing survey data from the Middle East and North Africa (MENA), the author finds that unemployed individuals are not more likely to support political violence or participate in demonstrations than those who are employed. Instead, the brief identifies other work-related factors—such as ambiguous employment status, part-time work, and job dissatisfaction—as stronger predictors of political activity. The author suggests that the unemployed may be less active due to a lack of resources, social stigmatization, or low interest in politics.

The research explores how climate impacts in countries of origin can cause subsequent impacts in the EU through international markets, migration, and capital flows. While the analysis finds significant uncertainty regarding the exact dynamics of these cross-border impacts, it identifies specific 'hotspots' of risk, such as regions producing materials for EU consumption or those holding EU financial investments. The paper emphasizes that the interaction between these domains creates complex risk exposure, complicating the development of effective policy responses.

The Climate Policy Initiative analyzed public climate commitments from over 350 private financial institutions across four sectors. While assets committed to net zero have grown to over USD 93 trillion, the report finds a significant lack of interim targets, detailed transition plans, and comprehensive fossil fuel phase-out strategies.

The report finds that while net zero commitments from private financial institutions have grown rapidly, reaching USD 93.3 trillion in assets, they often lack the interim targets, detailed transition plans, and specificity in regional or sectoral investment needed for genuine Paris alignment. It highlights a strong focus on coal divestment but a significant lag in phasing out oil and gas financing and addressing biodiversity loss.