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INSTRUMENT ANALYSIS OCTOBER 2025 CARBON NEOBANK
Carbon Neobank is a digital financial vehicle designed to bridge the USD 331 billion SME finance gap in Africa by integrating international carbon markets into business banking. Headquartered in Kenya, it offers three primary products: receivables loans, unsecured working capital loans, and carbon-backed term loans, targeting a USD 1 billion total addressable market. The vehicle utilizes a digital-first model, leveraging a partnership with Ecobank for geographic reach across 33 countries and employing digital Measurement, Reporting, and Verification (dMRV) to monetize emission reductions. A USD 10.8 million pilot is planned to demonstrate the model's ability to mobilize private capital and deliver climate outcomes, including an estimated 6.097 million tCO2e in emission reductions over 10 years. The bank specifically targets the agricultural sector and women-led businesses to promote an inclusive green transition.
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Document type: Report
Global Landscape of Climate Finance 2025
Climate finance for emerging markets and developing economies (EMDEs) surpassed USD 1 trillion in 2023, with 80% mobilized domestically. Mitigation finance dominates, accounting for 92% of flows (USD 979 billion), while adaptation finance reached USD 48 billion. China is the primary driver, providing 64% of total EMDE flows. Significant gaps remain, with annual mitigation needs estimated at USD 3.86 trillion. The report recommends strengthening domestic enabling environments, improving the quality of international finance, and increasing data transparency to scale investment.
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Document type: Report
Foxes Henhouse in the Lobby
The report argues that transnational corporations (TNCs) like Chevron, Total, and Shell maintain a 'global architecture of impunity' through sophisticated lobbying networks that capture international governance. It specifically highlights the role of the International Chamber of Commerce (ICC) and the International Organisation of Employers (IOE) in influencing the UN Human Rights Council's negotiations for a binding treaty on TNCs and human rights. The document details environmental and human rights violations in the Global South, including oil pollution in Ecuador and Nigeria, and fossil fuel projects in Uganda and Mozambique, while demanding the exclusion of corporate lobbyists from treaty negotiations to ensure accountability.
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Document type: Report
CÓMO EL CABILDEO DE LAS EMPRESAS TRANSNACIONALES AMENAZA EL TRATADO VINCULANTE DE NACIONES UNIDAS SOBRE EMPRESAS TRANSNACIONALES Y DERECHOS HUMANOS
The report argues that TNCs like Chevron, Total, and Shell maintain a 'system of impunity' by leveraging powerful lobbying organizations, such as the International Chamber of Commerce (ICC) and the International Organisation of Employers (IOE), to shape international law. It documents severe human rights and environmental abuses linked to these companies in Ecuador, Mozambique, Uganda, Nigeria, and Palestine. The document specifically critiques the current UN negotiation process for the Binding Treaty, claiming that the inclusion of corporate lobbyists as 'stakeholders' creates a conflict of interest that dilutes accountability mechanisms and prioritizes corporate profit over human rights and planetary health.
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Document type: Report
COMMENT LES LOBBIES DES MULTINATIONALES MENACENT LE TRAITE CONTRAIGNANT DES NATIONS UNIES SUR LES MULTINATIONALES ET LES DROITS HUMAINS
The report argues that multinational corporations use lobbying networks like the International Chamber of Commerce (ICC) and the International Organisation of Employers (IOE) to undermine the creation of a legally binding UN treaty on business and human rights. It documents environmental and human rights abuses by Chevron in Ecuador, Total in Uganda and Mozambique, and Shell in Nigeria, illustrating a systemic 'architecture of impunity'. The authors call for the exclusion of corporate lobbyists from UN negotiations to ensure the treaty prioritizes human rights over corporate profit.
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Document type: Report
Environmental obligations for business in the legally binding instrument on transnational corporations and other business enterprises with respect to human rights
Friends of the Earth International argues that environmental rights are human rights and should form an autonomous basis for corporate liability in the UN Legally Binding Instrument. The document provides textual suggestions to ensure TNCs are obligated to prevent environmental harm, phase out emissions, and provide full ecological restoration, moving beyond voluntary due diligence and ESG frameworks.
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Document type: Report
Obligaciones ambientales para las empresas en el instrumento jurídicamente vinculante sobre empresas transnacionales y otras empresas con respecto a los derechos humanos
The policy brief by Friends of the Earth International advocates for the integration of explicit environmental and climate obligations for transnational corporations (TNCs) into the UN's legally binding instrument. It argues that the right to a clean, healthy, and sustainable environment is a recognized human right, as established by UN General Assembly Resolution A/RES/76/300 and various regional courts. The document provides specific text proposals to ensure TNCs are held legally accountable for environmental damage, biodiversity loss, and climate change, moving beyond procedural due diligence to substantive obligations of result, including the total elimination of climate emissions across value chains and full ecological restoration.
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Document type: Policy brief
The role of securitisation in developing capital markets in Africa
The report examines the role of securitisation in developing African capital markets, noting that while South Africa has a mature market, other sub-Saharan regions remain nascent. It identifies significant barriers, including fragmented legal and tax frameworks, a lack of a 'ratings culture', and limited understanding among financial institutions. Despite these challenges, the study finds a substantial supply of securitisable assets in banking, microfinance, and fintech sectors. It recommends a holistic regulatory approach, the use of anchor investors from DFIs and MDBs, and the adoption of scalable structures like warehouse facilities to mobilise private capital and bridge the private credit gap.
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Document type: Report
Innovative Financial Instruments for the Mobilization of Private Sector Investment in Climate Change Mitigation and Adaptation in Developing Countries
The report examines eight innovative financial instruments—including the Adaptation Benefit Mechanism, biodiversity credits, carbon taxes, carbon trading, credit guarantees, debt-for-nature/climate resilience swaps, pooled investment funds, and sovereign green/sustainability-linked bonds—to bridge the climate finance gap in developing countries. It identifies common barriers such as limited institutional capacity, lack of robust project pipelines, and underdeveloped local capital markets. The document emphasizes that while these instruments can signal a government's commitment to climate action, their success depends on a supportive enabling environment characterized by effective leadership, clear taxonomies, and robust climate data. For least developed countries (LDCs), the report suggests a phased approach, first strengthening basic financial and legal prerequisites before focusing on 'climate investability'. It concludes with specific recommendations for donors and development partners to provide technical assistance, anchor investments, and pilot projects to scale up private sector mobilization.
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Document type: Report
Operationalising the AfCFTA: Structural Imperatives from the Guided Trade Initiative
The document evaluates the Guided Trade Initiative (GTI) as a 'proof of concept' for the AfCFTA, analyzing the experiences of Ghana, Kenya, Mauritius, Tunisia, Nigeria, and South Africa. It argues that while tariff liberalisation is a start, full implementation requires addressing deep structural barriers, including inadequate productive capacity, infrastructure deficits, and non-tariff barriers (NTBs). The brief highlights that South Africa and Nigeria's participation is critical for scaling the initiative, but both face internal constraints like energy bottlenecks and fiscal gaps. It concludes that the focus must shift from endorsing the agreement to delivering on productive capacity and trade-enabling infrastructure to achieve projected GDP gains of $1.4 trillion.
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Document type: Policy brief
Same Same but Different: Governance in Nigeria and South Africa According to APRM Country Reviews
The document analyzes the governance trajectories of Nigeria and South Africa through the lens of the African Peer Review Mechanism (APRM). While both nations have established democratic frameworks and seen some progress, the author finds that stagnation or regression persists in critical areas. In Nigeria, challenges include electoral trust, corruption, and insecurity driven by Boko Haram. In South Africa, the focus is on extreme inequality, xenophobia, and the failure to fully realize the 'liberal democratic Republic' envisioned in its constitution. Both countries struggle with poor policy implementation and gender-based violence.
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Document type: Policy brief
L’avenir des États du Sud global
The report examines the evolution of state governance in the Global South, utilizing World Bank governance indicators and four global scenarios (Growth, Sustainable, Divided, and War) to project potential outcomes. It highlights a critical gap between political participation and institutional performance, particularly in Sub-Saharan Africa and Latin America, and warns of the systemic risks posed by rising debt, digital divides, and climate vulnerability. The analysis suggests that future state legitimacy will shift from procedural norms toward tangible performance and hybrid governance models that integrate traditional and non-state authorities.
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Document type: Report
Aufbau der nigerianischen Industrie für kritische Mineralien zur Unterstützung der globalen Energiewende
The report examines Nigeria's potential to leverage its critical mineral deposits—including lithium, cobalt, and copper—to drive economic diversification and meet climate goals. It identifies significant gaps in exploration funding, processing infrastructure, and regulatory frameworks, while highlighting the risk of over-dependence on foreign investors like China. The document recommends a comprehensive national strategy, increased investment in geological mapping, and the development of domestic value-addition capabilities to move beyond the export of raw materials.
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Document type: Research paper
Kurzbericht Peer Learning Workshop des Globalen Südens zu Länderplattformen und einer gerechten Energiewende
The report outlines the design of a proposed Country Platform for Nigeria's energy transition, arguing that the framework must be state-owned, politically anchored, and integrated with national development goals rather than being a donor-driven replica of other JETPs. It identifies critical needs for high-level presidential leadership, vertical coordination with oil-producing states, and the resolution of institutional bottlenecks that hinder the disbursement of climate finance. The proposed platform emphasizes a 'people-centred transition' that prioritizes job creation, energy access, and social protection for displaced workers, while strategically navigating global geopolitical pressures such as the EU's Carbon Border Adjustment Mechanism.
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Document type: Report
Why Context, Not Blueprints, Determines the Success of African Utilities
The document examines the failure of uniform utility reform models in Africa, emphasizing that success depends on local context rather than ideological blueprints like privatization or cost-reflective tariffs. It contrasts the struggles of Nigeria and Ghana with the more successful, context-specific approaches in Morocco and Côte d’Ivoire, while highlighting the tension between commercial viability and poverty-driven affordability in countries like Zambia and Ethiopia.
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Document type: Fact sheet
Tropical Forest Countries: Challenges and Opportunities (The Forest-Climate Nexus: A Fit-for-Purpose Framework for Climate Impact) - CPI
This report by the Climate Policy Initiative analyzes the scale and diversity of the forest-climate nexus across 91 tropical countries. It quantifies forest extent, carbon stocks, and deforestation rates to argue for differentiated, fit-for-purpose policy strategies rather than a one-size-fits-all approach. The analysis concludes that there is no inherent trade-off between forest conservation and economic development.
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Document type: Report
People Exposed to Climate Change: June-August 2025
Between June and August 2025, human-induced climate change significantly increased global temperatures, with at least 22% of the global population experiencing temperatures at Climate Shift Index (CSI) level 2 or higher every day. Nearly 955 million people faced 30 or more 'risky heat days' added by climate change, with the highest impact seen in Asia. The report also documents severe climate-driven events, including record rainfall and flooding in China, India, Pakistan, and the U.S., as well as historic wildfires in Europe and Canada.
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Document type: Report
Strategic Advancements of IS-WAP in Nigeria: Security Trends in the Wider Sahel
The document analyzes the operational resurgence of IS-WAP, highlighting its use of surveillance and combat drones, its 'Burning of the camps' campaign targeting military bases, and its logistical ties with IS-SP. It argues that a deteriorating regional security architecture, exacerbated by political instability in Niger and the withdrawal of foreign troops, is facilitating the expansion of militant Islamist groups across the Sahel and towards coastal West African states.
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Document type: Research paper
ESS disclosure report form for subprojects
The report details the disclosure of environmental and social impact assessments and management plans for the Kwama-Ilute Solar PV subproject in the Sesheke District of Zambia. It confirms that required documents, including the ESIA, ESMP, and Livelihood Restoration Plan, were disclosed on September 4, 2025, in both English and Lozi to ensure accessibility for affected populations. The subproject is classified as GCF Category B, while the overarching REPP 2 programme is Category I-2 and covers ten target countries across Africa.
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Document type: Report
Domestic Implications of Existing and Planned Oil and Gas Demand Reduction Strategies for Nigeria
The document examines Nigeria's vulnerability to global energy transitions due to its heavy reliance on oil and gas exports, high production costs, and limited economic diversification. It highlights the risks of reduced government revenue and job losses while identifying opportunities in critical minerals, natural gas as a transition fuel, and non-oil sector growth.
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Document type: Case study