Search Climate Insights Directory

The report argues that Antarctic krill fishing is unsustainable, threatening a fragile ecosystem already stressed by climate change. It highlights how the industry, dominated by Aker BioMarine, uses greenwashing and problematic certifications like the MSC to justify its operations. An investigation reveals that krill-oil supplements are widely sold by the world's largest retailers and krill meal is extensively used in European salmon aquaculture, often without consumer-facing labels or retailer policies to exclude it.

The document explores the evolving relationship between Korea and Africa, focusing on how Korea's carbon-neutrality goals and technological expertise can support Africa's climate resilience. It identifies key areas for partnership, including renewable energy, green minerals for batteries, smart city development, and climate-resilient agriculture, while emphasizing the need for these initiatives to be African-led and aligned with the AU's strategic framework.

The document analyzes the AfCFTA's potential to industrialize Africa and create a market of 1.3 billion consumers. It highlights a decline in Korea-Africa trade since 2011 and suggests that Korea leverage its strengths in capital goods, specifically the automotive and shipping sectors, to integrate into emerging African regional value chains. The authors recommend that Korea pursue formal economic partnership agreements with African regional economic communities, focusing on asymmetric trade liberalization and supporting Africa's green energy transition.

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.

The GCF Secretariat has implemented several operational changes to its Readiness and Preparatory Support Programme, including streamlining the review process, standardizing co-development criteria, and extending the annual readiness cap calculation date to March 31st. The fund is also rolling out the Readiness Results Management Framework (RRMF) and the Portfolio Performance Management System (PPMS) to improve reporting and monitoring. Additionally, the GCF is updating its Readiness Guidebook, with a consultation draft expected by November 7, 2022.

The report analyzes 21 international taxonomies to provide a framework for a potential Canadian transition taxonomy, emphasizing the need for science-based thresholds to avoid greenwashing in a resource-dependent economy.

The proposal outlines a 24-month program implemented by the Global Green Growth Institute (GGGI) to address gaps in Thailand's climate finance architecture. Key objectives include supporting Kasikornbank's GCF accreditation, updating the 2017 Thailand Country Programme (TCP) to align with the updated NDC and Long-term Low Greenhouse Gas Emission Development Strategy, and creating a national climate finance strategy. A central component is the design of the Thailand Circular Economy Financing Facility (T-CEFF), a blended finance mechanism intended to de-risk investments in Municipal Solid Waste to Energy (MSW2E) and bioenergy projects, targeting a USD 200 million loan portfolio by 2025. The project also aims to refine the National Designated Authority's (NDA) no-objection procedure to better accommodate private sector proposals.

The Green Climate Fund (GCF) Secretariat developed this guidance to address historical challenges where funding proposals, particularly for adaptation, failed to demonstrate a sufficient climate rationale, leading to delays or non-endorsement by the Technical Advisory Panel (TAP). The document defines climate rationale as the 'overarching narrative of a proposal which ensures that it addresses climate change'. It establishes four high-level principles for adaptation (Identification, Response, Alignment, and Monitoring and Evaluation) and five principles for mitigation (alignment with country priorities, methodological quantification, relevance of methodology, consistent assumptions, and MRV systems). To support these standards, the GCF plans to launch the 'GCF Climate Information Gateway' and a 'Climate Information Expert Advisory Forum' to provide AEs and countries with tools, data, and capacity-building support.

The Independent Integrity Unit (IIU) report for the period of 16 April to 17 June 2022 details the opening of eight new cases, including four project-related and three staff misconduct cases. The Unit is advancing its operational framework through the development of an Investigation Manual, an Integrity Risk Rating Tool, and a Good Practice Guide for climate-financed projects. Key policy work includes updating Fiduciary Standards and developing secondary documents for the Administrative Remedies and Exclusion (ARE) Policy. The IIU also expanded its cooperation with 32 Accredited Entities via Memoranda of Understanding and participated in international forums on corruption and money laundering.

The document examines the progress of WTO negotiations on fisheries subsidies, detailing the three main pillars of the draft agreement: prohibitions on subsidies for illegal, unreported, and unregulated (IUU) fishing; subsidies for overfished stocks; and subsidies contributing to overcapacity and overfishing. It highlights the tension between imposing meaningful disciplines on the largest fishing nations and providing 'appropriate and effective special and differential treatment' for developing countries. The analysis also covers transparency requirements, notification obligations, and the potential inclusion of forced labour and non-specific fuel subsidies in the final deal.

The study finds that consumers in Spain pay an 11% price premium for high energy-efficiency washing machines, an increase from 4.15% in 2012. Using a hedonic price model on 739 market observations, the authors identify that brand reputation, spin-drying performance, and built-in designs are also significant price drivers.

The ASEAN+3 sustainable debt market reached USD 449 billion by Q3 2021, driven largely by the People's Republic of China, Japan, and Hong Kong, China. While green bonds remain dominant, the COVID-19 pandemic accelerated the issuance of social and sustainability-labeled instruments. Local currency (LCY) issuance represents 64% of the region's total sustainable debt, though this is unevenly distributed; Thailand has the highest LCY share at 98.5%, while Viet Nam and Indonesia rely heavily on foreign currencies. The report identifies barriers such as lack of market awareness, high transaction costs for small deals, and a shortage of bankable green projects. It recommends increasing sovereign GSS bond issuance, expanding the investor base through ETFs and indices, and establishing centralized sustainable finance platforms to improve project visibility.

The paper argues that COVID-19 recovery should move beyond short-term stimulus to 'structural reforms' that are systemic, long-lasting, and general purpose. It introduces a 'Green Structural Recovery Menu' featuring ten high-level measures, including green fiscal reform and natural capital investment. The authors provide a toolkit of prioritisation criteria—categorised as conventional, advanced, and systemic/political—to help governments align policies with specific goals like job creation or planetary boundaries. The report identifies significant gaps in current agendas, particularly regarding gender integration, nature-based solutions, and support for MSMEs. It also addresses the financing challenge for the global south, suggesting debt-for-nature swaps and blended finance. Case studies from countries such as South Korea, Indonesia, and Pakistan illustrate the practical challenges and mixed results of implementing these reforms.

The report details the evolution of the Environmental Integrity Group (EIG) from its founding in 2000 to its role in the Paris Agreement. It highlights how the EIG's unique composition—including both developed and developing nations—enables it to facilitate compromises on technical and political issues such as climate finance, transparency, and carbon markets. The document also examines the individual contributions of member states like the Republic of Korea, Mexico, Monaco, Switzerland, Liechtenstein, and Georgia to global climate science and policy.

The document analyzes India's offshore wind potential, primarily off the coasts of Gujarat and Tamil Nadu, noting that while the country has a target of 30 GW by 2030, no projects are currently operational. It identifies critical barriers including high capital costs, lack of specialized port infrastructure, and regulatory uncertainties. By comparing India to existing markets like the UK and Denmark and emerging markets like Taiwan and South Korea, the paper recommends updating the National Offshore Wind Energy Policy 2015, implementing competitive procurement mechanisms such as Contracts for Difference, and developing a government-led 'plug-and-play' power evacuation model to reduce investor risk. It also emphasizes the need for detailed Environmental Impact Assessments (EIAs) and the integration of offshore wind with green hydrogen or hybrid RTC (round-the-clock) renewable projects to enhance economic viability.

The GCF Board's 31st meeting resulted in the approval of two funding proposals totaling approximately USD 187.6 million, the adoption of an updated accreditation framework, and the re-accreditation of several entities. The Board discussed the Second Performance Review (SPR) and the need for a more effective private sector strategy and simplified approval processes for Least Developed Countries (LDCs) and Small Island Developing States (SIDS).

The Indian GSS debt market experienced significant growth in 2021, reaching a cumulative volume of USD 19.5 billion, with green bonds dominating the landscape. While the market is primarily driven by non-financial corporates and focused on utility-scale renewable energy, there is emerging activity in sustainability-linked bonds and potential for expansion into electric vehicles, waste management, and climate-smart agriculture. The Indian government is supporting this growth through the Ministry of Finance's Sustainable Finance Task Force and the planned issuance of a domestic sovereign green bond in 2022.

The IEU report for Q1 2022 outlines the completion of an evaluation on investments in least developed countries and the progress of the Second Performance Review (SPR). It details the development of 15 GCF Evaluation Standards to ensure high-quality, credible evidence and reports on the unit's budget expenditure, staffing updates, and communication efforts across various digital platforms.

The authors evaluate the EU and German recovery funds, noting that while they are framed as 'green', much of the funding remains conditional or vague. They contrast this with the 2008 financial crisis, where green investments were limited. The text emphasizes the role of the European Parliament in ensuring accountability and pushing for a 60% CO2 reduction by 2030, while warning that Germany's current plans may not meet its 65% renewable energy target due to restrictive zoning laws and continued fossil fuel subsidies.