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This blog reveals three critical limitations in the voluntary approach of financial institutions’ net-zero targets: the low integrity of existing targets, their limited ability to directly control investee emissions, and a finance-first mandate that hinders voluntary climate action.

Climate impacts are getting more severe across the globe, a chilling reminder that there is no more time to waste. Halfway through 2024 and the critical decade of climate action, the midyear UN Climate Change Conference – the 60th session of the Subsidiary Bodies – kicked off on Monday in Bonn, Germany, running from June 3–13. The Bonn sessions are an important platform to continue negotiations on key topics in preparation for the UN’s main COP29 Climate Conference in Azerbaijan in November.

The term 'greenhushing' has recently emerged in discussions around corporate climate action, but is it an actual trend? In this blogpost, we dive deeper on the issue.

NewClimate Institute applauds the brave reaction from the staff of the Science Based Targets initiative, who today issued a strong statement rejecting their Board’s unilateral statement on the use of carbon credits.

Despite increased ambition in their climate target-setting, 51 of the world’s largest companies commit to reducing their emissions by only 30% on average by 2030, falling short of the 43% reduction required to limit global warming to 1.5°C, according to a report released today by NewClimate Institute in collaboration with Carbon Market Watch.

The renewable electricity commitments of 10 major companies in the fashion and tech industries vary widely in terms of ambition and credibility. Standard-setting initiatives provide very limited incentives and sometimes even barriers to companies striving for more impactful renewable electricity strategies.

The CCPI monitors the climate mitigation progress of 63 countries and the European Union, together responsible for more than 90% of global emissions.

The VCMI has released its integrity guidelines for corporate use of carbon credits. In some regards, the concept of VCMI’s Silver, Gold and Platinum claims set out a transparent and constructive approach. But the Scope 3 Flexibility Claim will be the most relevant part of the claims package for the next decade.

Despite their promises, governments have not taken enough action to drive down warming projections, with some instead turning to false solutions such as CCS to continue the world's reliance on fossil fuels, the Climate Action Tracker said as it released its annual warming update at COP28.

The 28th Conference of Parties of the UNFCCC (COP) takes place from 30 November - 12 December 2023, at the end of another year of record-high temperatures and climate change impacts, which are rapidly increasing in frequency and intensity, causing loss of livelihoods around the globe, and particularly in vulnerable developing countries. We hear more and more voices saying that “we will not make it” and “we are doomed”. However, the past decades have shown that positive change can happen faster than expected and that we have all the tools to protect this planet and its inhabitants. COP28 has a...

Global efforts to limit warming to 1.5°C are failing across the board, with recent progress made on every indicator — except electric passenger car sales — lagging significantly behind the pace and scale that is necessary to address the climate crisis, according to the State of Climate Action 2023 report.

As the Government of Indonesia prepares to publicly launch its first iteration of plans to deliver on the goals of the Just Energy Transition Partnership it announced one year ago, we take a look at implications for the workers and communities that currently depend on its large and growing coal sector.

NewClimate Institute and the Institute for Climate Economics (I4CE) submitted a response to a public consultation on the Glasgow Financial Alliance for Net Zero’s proposed set of voluntary guidance for financing the early retirement of coal-fired power plants in Asia-Pacific. This blog post highlights key points from our submission.

From 17-28 October, to our knowledge any email with the NewClimate URL was unjustifiably quarantined by Microsoft email servers without any notice, regardless of who sends or receives the email.

The Climate Action Tracker today released a new analysis of progress across 16 countries in fossil gas, coal and renewable power, showing a mixed bag of progress with some signs of hope.