Search Climate Insights Directory

The 2022 Green Central Banking Scorecard evaluates G20 monetary and prudential authorities, finding that most remain insufficiently ambitious in mitigating climate risks. While research and advocacy have improved, the report argues that central banks prioritize analysis over action and are hindered by a commitment to 'market neutrality' and flawed taxonomies. The Banque de France is the top-ranked institution, while Saudi Arabia is the lowest. The report recommends implementing green lending schemes, increasing capital requirements for fossil fuel exposures, and adopting a 'double materiality' framework to account for the financial sector's impact on the environment.

One year after COP26, progress on climate pledges is described as "mixed at best," with some advancements in renewable energy and net-zero targets countered by a resurgence in fossil fuel reliance due to the Russia-Ukraine war. While 24 countries updated their emissions targets and renewable capacity reached new heights, global fossil fuel subsidies nearly doubled in 2021. Financial commitments remain unmet, with developed nations still $17 billion short of the $100 billion annual goal for 2020. Efforts to curb methane and deforestation have seen expanded participation, but accountability for city-level net-zero pledges remains low due to a lack of reported emissions data.

The report details how the global production of nitrogen fertilizers has grown nearly ninefold since 1961, creating a systemic dependency on fossil gas. It argues that the agrochemical industry is collaborating with oil and gas companies to 'launder' fossil fuels through the promotion of blue hydrogen and blue ammonia paired with carbon capture and storage (CCS). The document asserts that these technologies are technically and economically infeasible for most uses and serve as a distraction to delay the phaseout of fossil fuels and industrial agriculture. It further highlights the environmental impacts of these chemicals, including the crossing of planetary boundaries related to nitrogen and phosphorus flows and chemical pollution.

The document argues that GDP is an insufficient measure of success and a 'blind spot' that limits financing for the UN Sustainable Development Goals. It proposes that G20 countries adopt 'inclusive wealth' indicators—which measure natural, human, social, produced, and financial capital—by 2025 to shift decision-making from short-term gain toward long-term sustainability and effective climate action.

Global Energy Monitor reports that 24,166 km of oil pipelines are in development worldwide, with an estimated cost of USD 75.4 billion. This expansion, led by the United States, India, China, and Russia, is projected to add approximately 30.1 million barrels per day of transmission capacity, potentially generating 4.61 billion tonnes of CO2 annually. The report argues that this buildout creates significant stranded asset risks and contradicts the IEA's Net Zero by 2050 scenario, which states that no new oil fields are necessary to meet Paris Agreement goals.

In 2021, Russian jet fuel accounted for 5% of the EU's jet fuel imports (13,000 b/d) and 1.3% of its total consumption. This represents a significant decline from the 2015-2019 average of 30,200 b/d. IAG was the largest airline consumer of Russian jet fuel in 2021, while London's Heathrow airport was the largest airport consumer. Together, Heathrow and Gatwick airports accounted for an average of 92% of Russian jet fuel consumption between 2011 and 2021.

Comparing 2021 and 2015 projections, G20 absolute emissions for 2030 are now expected to be 15% lower, with average annual growth rates slowing from 1.2% to 0.3%. Despite these improvements, collective emissions are still projected to increase until 2030, leaving the G20 off track to meet the 1.5 °C warming limit of the Paris Agreement.

A Climate Central analysis projects that by 2100, the average summer warming across 247 U.S. cities will be 8 °F, with many cities experiencing conditions currently found 437 miles to their south. For 16 cities, future summer temperatures will have no equivalent on the North American continent, instead mirroring conditions in Egypt and the Middle East. Specific projections for major cities include New York warming by 7.6 °F (similar to present-day Columbia, S.C.) and Chicago warming by 9.1 °F (similar to Montgomery, Ala.).

The EU is phasing out Russian oil, which accounted for over 25 percent of its 2021 imports. While replacing these streams is technically complex due to refinery design requirements regarding sulfur and density, the report argues that the EU can reduce its carbon footprint by sourcing lower-emissions crudes. For example, Saudi Arab Light is identified as a potential substitute for Russian Urals crude that could lower emissions. Additionally, the report suggests that using hydrotreated intermediates could reduce EU refinery hydrogen demand, which currently represents nearly 10 percent of EU natural gas imports from Russia.

The document examines how the Russia-Ukraine war has destabilized energy markets, undermining Russia's role as an 'energy superpower' and creating significant economic pressure on the Global South. It presents three scenarios: 'Stable high' prices, 'Persistent volatility', and 'Business as usual', analyzing how each affects national budgets, regional stability in the Middle East and Africa, and the global transition to renewable energy. The authors argue that while the crisis may incentivize some decarbonization, it also risks locking in fossil fuel production in the Global South and prioritizing immediate energy security over Paris Agreement goals.

The report examines Tunisia's transition from a state-led development model under Habib Bourguiba and Zine El Abidine Ben Ali to the post-revolution era. It highlights early successes in gender equality and education, contrasted with later systemic corruption, cronyism, and economic stagnation. Despite the 2010 revolution, the document notes that structural economic reforms remain unfulfilled, with GDP growth slowing from an average of 4.5% (2000-2010) to 2% (2010-2018), and political uncertainty persisting under President Kais Saied.

The study compares the levelised cost of hydrogen (LCOH) for different carriers and transport methods to Rotterdam. It finds that pipeline imports from Norway (2030) and Algeria (2040/2050) offer the lowest LCOH. Among marine carriers, cracked ammonia is the most cost-effective for delivering liberated hydrogen, while uncracked ammonia is the cheapest overall if used directly as fuel. Saudi Arabia is identified as the most economical export location for all marine carriers due to low natural gas prices and favorable construction costs. Carbon emissions are lowest for liquid hydrogen (LH2) among liberated hydrogen chains, but uncracked ammonia is the least carbon-intensive overall. The report also details the technical, safety, and infrastructure challenges associated with each carrier, noting that while ammonia has mature transport infrastructure, large-scale cracking technology is still in development.

The briefing reports that Arab nations are rapidly expanding renewable energy, with current combined solar and wind capacity exceeding 12 GW. It identifies Egypt and the UAE as current leaders, while Oman, Morocco, and Algeria are emerging as major players with ambitious future projects. The region is increasingly focusing on giant-scale projects and green hydrogen production for export to Europe, with some projects, like Oman's 'Al Wusta', aiming for world-leading storage capacities.

The Arabic-speaking region is experiencing a renewables boom, with over 73 GW of utility-scale solar and wind projects in development. Led by countries like Oman, Morocco, and Algeria, the region is shifting toward mega-projects driven by green hydrogen production and transcontinental energy exports. While Egypt and the UAE are current leaders in operating capacity, emerging leaders are rapidly expanding their pipelines to meet collective regional targets.

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 letter asserts that GFANZ is acting as a "smokescreen" for the financial sector's lack of progress on decarbonization. It highlights a gap between GFANZ's goal of halving emissions by 2030 and the reality that many members continue to fund new coal, oil, and gas projects. The authors demand that GFANZ implement interim milestones, absolute emission targets, mandatory Scope 3 targets for fossil fuel companies, and a ban on using offsets to meet 2030 targets.

The US Strategic Petroleum Reserve (SPR) lacks transparency regarding the greenhouse gas emissions intensities of the oils it stores, which hinders the ability to minimize climate impacts during drawdowns. The document notes that different oils vary significantly in their climate footprints based on production and refining methods, and that a mismatch exists between the SPR's lighter crudes and the deep-conversion refineries in Texas and Louisiana that primarily process them. It suggests that selectively purchasing the lowest climate-intensive oils for the current one-million-barrel daily withdrawal could save an estimated 90 million tons of CO2e.

The report argues that Russia's war on Ukraine has created a supply-side shock that aligns energy security, climate goals, and economics, potentially leading to a prompt and sustained decline in global fossil fuel demand. It suggests that high fossil fuel prices make renewables more competitive and encourages both Europe and the Global South to accelerate the shift toward domestic renewable energy and efficiency to ensure energy security.

The document outlines the role of BECCS as a carbon dioxide removal (CDR) method, noting its technical potential to remove 0.5-11.3 GtCO2 annually by 2050. However, it warns that large-scale deployment could threaten food security, biodiversity, and Indigenous rights, potentially requiring land areas twice the size of Egypt by 2100 in 1.5°C pathways. The briefing emphasizes that delaying near-term emissions reductions increases reliance on BECCS, thereby escalating land-use pressures.

The report reviews 42 NDCs to identify national priorities for advanced low-emission technologies. It finds that 14 jurisdictions include carbon capture, utilization and storage (CCUS), 16 include low-carbon hydrogen and ammonia, and 11 prioritize nuclear energy. The analysis highlights a mix of developed and developing nations seeking these technologies, with some relying on international financial and technological support for implementation.