Search Climate Insights Directory

The GCF's fifteenth annual report highlights a record year of programming with USD 3.26 billion approved in 2025 and a total portfolio exceeding USD 20 billion. Key institutional shifts include the establishment of regional offices in Panama City, Amman, Nairobi, Abidjan, and Suva to enhance country ownership and access. The Fund reports a near-parity balance between adaptation and mitigation in nominal terms, with 59.24% of the portfolio in grant equivalent terms dedicated to adaptation. Significant progress was made in private sector engagement, reaching a cumulative USD 7.21 billion. The report also details the 'Efficient GCF' initiative to reduce project appraisal times to nine months or less and the operationalization of a revised accreditation framework.

This roadmap, developed by civil society organizations, provides a strategic framework for Latin America and the Caribbean to transition away from fossil fuels while ensuring climate justice and economic diversification. It categorizes countries by their fossil fuel production profiles—booming, mature, or importers—and sets specific milestones for the supply, demand, and electricity sectors. The document emphasizes the need to move beyond a primary-export economic model, proposing the development of regional value chains, labor reconversion, and a legal shift toward recognizing the nature as a subject of rights. It also calls for a reform of international climate finance to avoid further indebtedness and the implementation of binding participatory governance based on human and environmental rights.

The roadmap advocates for a phased exit from fossil fuels in Latin America and the Caribbean, emphasizing a transition that integrates climate justice, economic diversification, and the recognition of nature's rights. It categorizes countries by their hydrocarbon profile—booming production, mature production, or importing with refining capacity—to tailor phase-out strategies. Key goals include achieving a net-zero electricity system by 2050, decarbonizing industrial and transport demand, and reforming financial systems to reduce debt-based climate finance. The document also calls for the criminalization of ecocide and the exclusion of climate policies from investor-state arbitration mechanisms.

The document examines the impact of offshore oil and gas activities in the Wider Caribbean, highlighting the ecological threats to coral reefs and mangroves, the economic vulnerability of fossil-fuel-dependent states, and the legal obligations of states to prevent marine pollution and climate harm.

The document argues that GDP fails to account for the 'care economy'—essential unpaid work primarily performed by women—and advocates for a cohesive, integrated system of indicators to measure these contributions. It highlights that women perform over 16 billion hours of unpaid care daily and suggests that current alternative metrics often still overlook these vital societal contributions.

Analysis of the Global Oil and Gas Extraction Tracker (GOGET) reveals that the time from discovery to production for new oil and gas fields has increased significantly, averaging 15.1 years for fields starting in 2025 compared to 4.9 years between 1960 and 1980. This trend is driven by the depletion of easy-to-access reserves, forcing companies toward technically complex '20K' high-pressure reservoirs, deepwater projects, and 'acid gas' fields. Additional delays stem from stricter environmental regulations, such as the UK's 2025 requirement to include Scope 3 emissions in impact assessments, and ecological risks in protected areas. The report argues that these long lead times increase the risk of creating stranded assets and conflict with the 1.5 °C warming limit, suggesting that capital should be redirected toward renewable energy.

The IAI Directorate has advanced several strategic mandates between June 2025 and January 2026, including the expansion of its Associate network with the WMO and AGU, and the operationalization of the Indigenous Peoples Advisory Committee (IPAC). Key efforts focused on science diplomacy in preparation for UNFCCC COP30, the launch of transdisciplinary research programs on climate-health and ocean science, and the development of the IAI Science Diplomacy Center. The Directorate also expanded its educational reach through virtual courses on remote sensing and health adaptation, while pursuing new member state adhesion, specifically with El Salvador.

The policy brief argues that for the Caribbean Community (CARICOM), a Just Transition must be a multi-sectoral regional transformation strategy rather than a narrow focus on fossil fuel phase-out. It introduces a framework based on six guiding principles—social justice, effective governance, inclusive participation, economic resilience, alignment with climate goals, and green financing—to mitigate risks in sectors like energy, tourism, and transport, while leveraging growth opportunities in the blue and orange economies. The author recommends institutionalizing social dialogue, strengthening regional policy coherence, and mobilizing scaled concessional finance to ensure the transition is equitable and supports long-term economic diversification.

The Resilient Coasts – Caribbean Sea project, led by the Stockholm Environment Institute, uses 'living labs' in the Dominican Republic and Colombia to test nature-based solutions for coastal resilience. The project focuses on rehabilitating mangroves and coral reefs to reduce wave energy, prevent erosion, and support local economies through fishing and tourism, while developing sustainable financing models and community-led rehabilitation strategies.

As of 31 August 2025, the GCF has a total pledged amount of USD 30 billion and has committed USD 18 billion to 314 projects across 133 countries. The portfolio is split between adaptation (58% in grant-equivalent terms) and mitigation (42%). The Fund's accredited entity network consists of 153 entities, 66% of which are direct access entities. The Readiness Programme portfolio has grown to USD 749.1 million. The current pipeline includes 142 concept notes and 66 funding proposals requesting a combined USD 12.3 billion in GCF financing, which exceeds the projected commitment authority for 2026–2027. The Secretariat is implementing pipeline optimization measures to retire inactive proposals and align with the 2024–2027 Strategic Plan.

The September 2025 Carbon Minefields monitor reports that while licensing activity may decline slightly compared to 2024, significant global expansion continues. In August 2025, 8,700 square kilometers of acreage were awarded, with oil and gas volumes reaching their highest point for this stage of the year in five years. Over the past 12 months, 492 new licences were awarded, which could emit 1,777.8 MtCO2 if fully combusted. National oil companies (NOCs) are key drivers, acquiring over one third of these licences and accounting for half of global production. Future outlooks indicate 77 licences currently open or under evaluation and 454 additional blocks in planning, with China having the largest planned block emissions at approximately 2,670.4 MtCO2.

The HSBC India Framework is a Category I-2 sub-project under the Green Guarantee Company (GGC) programme, managed by MUFG Bank, Ltd. It aims to enhance capital deployment for clean energy initiatives in India through GGC guarantees. The framework adopts both HSBC's Environmental and Social Management System (ESMS), based on the Equator Principles, and the GGC ESMS to manage risks. While specific transactions are not yet identified, the framework establishes that the more stringent requirement will apply if differences arise between the two ESMS. The project intends to avoid transactions impacting indigenous peoples' land and livelihoods, though land acquisition under IFC Performance Standard 5 may be triggered.

The report finds that while 100% of reviewed NAP documents acknowledge the importance of MEL, significant gaps remain in institutional capacity and financial resources. Only 18% of countries have dedicated MEL units and 29% mention dedicated financing. While output-level indicators are common (55%), impact-level indicators are used by only 31% of countries. The report also highlights a lack of structured implementation, with only 39% of documents including a roadmap or timeline for MEL rollout. Integration of gender-responsive indicators is emerging (45%), but disaggregation by age, disability, and geography remains low.

The report examines how technology transfer for climate change adaptation is handled within the UNFCCC and WTO frameworks, noting that these policy domains have largely evolved in isolation. It defines adaptation technology as comprising hardware, software, and orgware, and highlights that while trade is recognized as a driver for transfer, it is rarely explicitly integrated into national adaptation plans (NAPs) or technology needs assessments (TNAs). The author identifies significant divergences between developed and developing countries over intellectual property rights (IPRs) and the role of government incentives. Analysis of Small Island Developing States' BAEF reports reveals that high import duties and reliance on foreign imports are key barriers. The report recommends involving trade experts in the NAP process and developing actionable guidance to operationalize technology transfer.

This report presents guidelines for designing Border Carbon Adjustment (BCA) mechanisms, based on global stakeholder dialogues. It offers specific recommendations on measuring embodied GHG emissions, determining sectoral coverage, managing revenues, and crediting foreign carbon prices. The guidance emphasizes 'parallel treatment' between domestic and foreign producers and suggests mechanisms to support small and medium-sized enterprises (SMEs) and developing countries in their low-carbon transition, while cautioning against blanket country exemptions to maintain the effectiveness of leakage prevention.

The report finds that BP's 2025 strategy shift prioritizes oil and gas expansion and shareholder returns over low-carbon energy. BP has retired its scope 3 net zero production target and increased its 2030 oil and gas production target to 2.3-2.5 mmboe per day, which is 57% above the IEA Net Zero Emissions (NZE) scenario. Investment in low-carbon energy has been sharply reduced from a planned US$4 billion per year to US$0.8 billion per year for 2025-2027. Additionally, BP is expanding its LNG capacity and gas power plants, while abandoning previous targets for installed renewable power capacities by 2030.

In 2024, the oil and gas industry showed a marked preference for offshore development, with all twelve projects reaching a positive Final Investment Decision (FID) being offshore. New discoveries were heavily concentrated, with 85% of the volume found in just ten offshore fields, including the Nokhatha field in Kuwait and the Mopane field in Namibia. Startups were also dominated by offshore activity, which accounted for 71% of the total volume of field startups, including six projects in China. The report highlights significant environmental risks across the project lifecycle, from seismic noise pollution during exploration to the long-term danger of leaky wells during decommissioning. It further argues that the industry's focus on 'low emissions intensity' ignores scope three emissions, which constitute 80% to 85% of lifecycle emissions, and warns that these investments conflict with the scientific consensus on climate goals.

The document details the career trajectory of Melissa Le Blanc, who transitioned from a student to a leader at FortisTCI through the support of the Women in Renewable Energy (WIRE) Network and academic mentors. It highlights the role of the WIRE Network, coordinated by RMI, in providing mentorship, technical training, and job opportunities for women in the Caribbean's clean energy sector. Le Blanc's current work includes overseeing the installation of a 1.2 MW solar and battery microgrid in the Turks and Caicos Islands, which meets 30 percent of the electricity demand in North and Middle Caicos.

The report identifies a critical need to accelerate the integration of health and climate policies in the Caribbean to address climatic vulnerability and a dual burden of non-communicable and infectious diseases. While there is general support for this integration, current links remain nascent and tenuous. Key barriers include siloed government operations, a rigid top-down policymaking process, inadequate financial and technical resources, and significant data gaps. Opportunities for progress lie in national development plans, international climate commitments, and the health co-benefits of renewable energy. The authors advocate for a 'climate in all policies' approach, enhanced multi-sectoral communication, and the use of analytical risk assessment tools to move from awareness to decisive policy action.

The report argues that air pollution is a critical global health threat, causing 7 million premature deaths annually, and advocates for a strategic, integrated approach within health systems. It outlines a pathway involving Health Impact Assessments (HIA), health infrastructure assessments, capacity building for professionals, and cross-sectoral collaboration. Through case studies from India, the UK, Singapore, the Philippines, and South Africa, it demonstrates how data-driven tools like WHO's AirQ+, solarization of clinics, and community-led legal action can mitigate health burdens and drive systemic policy change.