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Consideration of accreditation proposals – Addendum I Accreditation assessment of APL150
The GCF Accreditation Panel recommends the accreditation of Banco Promerica de Costa Rica as a national direct access entity for 'small' projects with a 'medium risk' (intermediation 2) environmental and social category. The bank is approved for basic fiduciary standards and specialized standards for on-lending and blending. While the bank demonstrates strong gender policies and a track record in electric mobility and green building, the recommendation is subject to several conditions. These include establishing an institutional-level environmental and social grievance redress mechanism, publishing its ethics line on its website, adopting a GCF-consistent information disclosure policy, and updating procurement procedures to include public tender and award notifications.
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Document type: Report
Finance for National Adaptation Plan Processes
The report examines the integration of finance within National Adaptation Plans (NAPs) across 59 developing countries. It finds that while most NAPs include dedicated finance sections and rely heavily on international public funding, there is a significant gap in detailed costing and the mobilization of private-sector finance. The authors recommend that countries move toward more investment-oriented NAP documents, implement climate-resilient fiscal planning, and adopt tailored financing strategies—particularly for Least Developed Countries (LDCs)—to bridge the adaptation finance gap.
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Document type: Report
BANKING ON CLIMATE CHAOS 2025
The report finds that global banks significantly increased fossil fuel financing in 2024, totaling $869 billion, with $429 billion specifically directed toward fossil fuel expansion. This trend persists despite climate pledges and the Paris Agreement goals. The analysis highlights a retreat from voluntary climate commitments, such as the collapse of the Net Zero Banking Alliance, and identifies major financiers including JPMorgan Chase, Bank of America, and Citigroup. It also documents the human rights and environmental harms caused by these investments in regions such as the Amazon, the Arctic, and Southeast Asia.
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Document type: Report
Climate Security Questions Ahead of Secretary of State Rubio’s Senate Testimony
The Council on Strategic Risks argues that the Trump Administration's proposed FY2026 budget for the State Department and USAID would undermine US national security by eliminating programs that build climate resilience, food security, and disaster preparedness. The document highlights how these cuts create strategic openings for China, particularly in Asia and the Pacific, and increase the risk of global instability and migration. It specifically calls for clarity on the implementation of the Global Fragility Act and the balance between the administration's goal of seabed mineral extraction and the simultaneous cutting of scientific funding for ocean exploration.
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Document type: Statement
Model Contracts for Agricultural Investments
This guide explains how model contracts—both generic and nationally tailored—can help governments ensure responsible investment in agriculture. It details how these templates can integrate international standards, prevent problematic omissions, flag risky clauses like stabilization provisions, and promote transparency and legal harmonization.
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Document type: Guide
Debt Relief for Resilience
The report argues that low-income countries face a systemic balance of payments crisis rather than a simple liquidity or solvency problem, driven by a rise in expensive, short-maturity non-guaranteed private debt and reversed capital flows. It proposes the Debt for Resilience (D4R) initiative, which would provide a standardized 50% reduction in the net present value (NPV) of official bilateral and multilateral debt for IDA-eligible countries. Participation would be contingent on an active IMF program and the development of nationally determined growth plans supported by the United Nations and World Bank to avoid austerity. The report also evaluates existing proposals like the Bridge Initiative and the Debt Relief for a Green and Inclusive Recovery (DRGR), arguing they rely on a flawed binary between liquidity and solvency and fail to account for the heterogeneity of countries' credit compositions.
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Document type: Report
ASSESSMENT OF TOTALENERGIES’ CLIMATE STRATEGY
The report argues that TotalEnergies' investment and production strategies prioritize oil and gas expansion and shareholder returns over climate solutions, leading to a significant overshoot of the IEA's Net Zero Emissions by 2050 Scenario.
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Document type: Report
ASSESSMENT OF EXXONMOBIL’S CLIMATE STRATEGY
The report finds that ExxonMobil's strategy prioritizes oil and gas expansion and shareholder returns over sustainable energy, with 2030 production targets significantly exceeding NZE levels and a lack of investment in renewable power.
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Document type: Report
People Exposed to Climate Change: December 2024-February 2025
The report finds that human-caused climate change significantly increased extreme heat and health risks globally from December 2024 to February 2025. At least 1.8 billion people experienced temperatures at least twice as likely due to climate change every day of the period, with exposure peaking at 3 billion people on February 28, 2025. Africa was particularly affected, with 293 million people experiencing 30 or more 'risky heat days' added by climate change. The analysis also highlights that 110 out of 220 analyzed countries and 287 out of 940 cities saw the average person experience strong climate influence for at least one-third of the season.
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Document type: Report
Adapting tuna-dependent Pacific Island communities and economies to climate change Cook Islands, Fiji, Kiribati, Marshall Islands, Micronesia (Federated States of), Nauru, Niue, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu, Vanuatu
The Regional Tuna Programme (RTP) addresses two primary climate threats in the Pacific: the loss of coral reef fish as a protein source and the eastward shift of tuna biomass away from national exclusive economic zones (EEZs). The programme will deploy 333 anchored Fish Aggregating Devices (FADs) to help coastal communities catch tuna, improve the distribution of industrial tuna bycatch to urban areas, and develop an Advanced Warning System (AWS) to provide high-resolution forecasts of tuna redistribution. This AWS is intended to serve as an economic planning tool to help tuna-dependent nations negotiate the retention of fishing license revenues. The project targets 790,000 direct beneficiaries and 2.5 million indirect beneficiaries across 14 participating countries.
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Document type: Report
Consideration of accreditation proposals and activities – Addendum X Accreditation assessment of APL172
The GCF Accreditation Panel recommends the accreditation of World Vision Australia (WVA) as an international entity under the normal track, with a medium project size limit and medium environmental and social risk category (Category B). WVA demonstrated strong capacities in project management, gender equality, and environmental and social safeguards, though it must meet specific conditions regarding the publication of investigation and procurement guidelines to finalize its accreditation.
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Document type: Report
Evolving Standards on Stabilization
The document examines the evolution of stabilization clauses in the mining sector, arguing that traditional 'freezing' and 'economic equilibrium' clauses often constrain a state's right to regulate. It promotes the 2020 OECD Guiding Principles, which delegitimize non-fiscal stabilization and advocate for a targeted, commercially justified approach to fiscal stabilization. The guide introduces the concept of 'revenue certainty' for governments and provides specific model clauses for laws and contracts to ensure that investors' needs for predictability are balanced against the state's public interest objectives and the need to prevent tax base erosion.
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Document type: Guide
Évolution des normes en matière de stabilisation
The document examines the evolution of stabilization clauses in the extractive sector, arguing for a shift away from 'freeze' and 'economic equilibrium' clauses toward a model based on the 2021 OECD Guiding Principles. It distinguishes between non-fiscal stabilization, which it argues should be abandoned to protect the state's right to regulate for the public interest, and fiscal stabilization, which should be limited to specific, time-bound commercial needs. The guide provides detailed model language for laws and contracts to ensure revenue certainty for governments and predictability for investors, while explicitly excluding the use of stabilization to protect against anti-tax avoidance measures or climate-related regulations.
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Document type: Guide
Adapting Tuna-dependent Pacific Island Communities and Economies to Climate Change
The Gender Action Plan (GAP) for the "Adapting Tuna-dependent Pacific Island Communities and Economies to Climate Change" programme aims to ensure women and men benefit equitably from climate adaptation efforts in 14 Pacific Island Countries. The plan focuses on increasing women's capacity in post-harvest tuna processing and marketing, raising awareness of gender roles in coastal fisheries, and enhancing women's leadership in decision-making. Key activities include gender-responsive training for FAD fishers, improving hygienic working conditions for fish sellers, and integrating gender considerations into national disaster response and high-level negotiation training. The programme is managed by the Pacific Community (SPC) and Conservation International (CI), with dedicated Gender & Environmental and Social Safeguards (GESI) officers overseeing implementation and monitoring through sex-disaggregated data.
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Document type: Report
Adapting tuna-dependent Pacific Island communities and economies to climate change
The report assesses gender dynamics in the Pacific fisheries sector, noting that while fishing is viewed as a male domain, women play critical but often invisible roles in post-harvest processing and marketing. It identifies risks such as the potential for FAD investments to overlook women's needs and the high prevalence of gender-based violence in the region. The document proposes regional objectives to increase recognition of women's roles, improve working conditions for fish sellers, and provide training in tuna processing. It includes detailed gender profiles for participating nations, highlighting specific bottlenecks like limited women's representation in decision-making and the impact of climate change on coastal resources.
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Document type: Report
USAID Provides Critical Benefits to US National Security
The Council on Strategic Risks asserts that USAID's investments in climate adaptation and resilience are essential for US national security, citing their role in countering Chinese influence in the Indo-Pacific, preventing terrorism in the Sahel, and reducing irregular migration from Honduras.
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Document type: Statement
Reforming Environmentally Harmful Subsidies
The document contains technical appendices for a report on reforming environmentally harmful subsidies (EHS). It introduces a 'Fiscal Pressure' indicator to identify countries where high debt and deficits create strong incentives for subsidy reform, and provides a stakeholder analysis mapping the influence and attitudes of businesses, governments, consumers, and civil society toward EHS reform.
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Document type: Report
Drill Baby Drill: Why Oil and Gas Majors Should Be No Exception in Exclusion Policies
The statement contends that integrated oil and gas majors are not transitioning to sustainable energy and should be excluded from financial support. Citing the Global Oil and Gas Exit List (GOGEL), it highlights that 95% of oil and gas companies worldwide have plans for new projects, with major European firms like BP, Shell, and TotalEnergies increasing production or expanding short-term plans. The author argues that these companies are diverting capital away from clean energy, with the three European majors projected to allocate less than a third of future investments to low-carbon activities, contradicting IEA 1.5°C scenarios.
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Document type: Statement
The Green Trap of Debt-For-Nature Swaps
The report critiques debt-for-nature swaps as 'greenwashing' tools that benefit private creditors and international NGOs while stripping Global South countries of territorial control. It details how these financial instruments often replace old debt with new, higher-interest loans and divert funds into financial markets before they reach conservation projects. The document highlights specific cases in countries like Ecuador, Belize, and Gabon to illustrate the loss of sovereignty and the persistence of extractive industries. It concludes by calling for the cancellation of illegitimate debts and the recognition of the Global North's historical ecological debt to the South.
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Document type: Report
Le piège vert des échanges dette-nature
The report critiques debt-for-nature swaps as 'green traps' that benefit creditors and international NGOs over debtor nations and local communities. It details how these mechanisms often replace old debts with new, more expensive loans, transfer territorial control to external actors, and encourage the commodification of nature. Through case studies in countries like Belize, Ecuador, and Gabon, the document illustrates the gap between promised conservation funds and actual spending, while highlighting the social costs, including the displacement of indigenous peoples. The author calls for the cancellation of illegitimate debts and the recognition of the North's ecological debt to the South.
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Document type: Report