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An immediate halt to new oil and gas investments and a phase-out of production should be the focus of the COP28 climate summit this year, as the sector is acting like there's a goldrush, not a climate crisis, the Climate Action Tracker warned in its latest briefing.

In this blog we explore whether the approaches in the World Bank sector notes are sufficient to avoid financial flows that conflict with the Paris Agreement.

In this blog, we look at the exposure of major Southeast Asian economies to CBAM in its likely future form and apply an economic model (CLIMTRADE) to appraise several broader considerations that may arise from distortions to global trade flows.

Background and summary: At COP 26 in Glasgow in 2021, Germany signed a pledge to end international finance of fossil fuels by the end of 2022, except in limited and clearly defined circumstances that are consistent with a 1.5°C warming limit and the goals of the Paris Agreement. Under the 2022 German Presidency, G7 leaders’ communiqué echoed the spirit of the Glasgow commitment. While the communiqué recognizes the exceptional circumstances stemming from the Russian invasion of Ukraine, it stresses that any temporary publicly supported investment must still be “ consistent with our climate...

The climate strategies of 24 of the worlds’ largest ‘climate leader’ companies are wholly insufficient and mired by ambiguity. These are the findings of the 2023 Corporate Climate Responsibility Monitor, conducted by NewClimate Institute in collaboration with Carbon Market Watch.

The authors of the 2023 Corporate Climate Responsibility Monitor share their perspectives on questions related to the analysis, and its implications.

This blog discusses the issues with corporate net-zero pledges and existing voluntary initiatives

Feeding the world while staying within planetary boundaries and keeping global warming within 1.5°C is a growing challenge where development finance institutions have a key role to play. Far from a contradiction, climate action in agriculture is essential to reaching development goals.

For possible future investments in fossil energy projects abroad, Germany must make it clear that and how it will comply with climate targets - both Germany's and the EU's national climate protection targets and the global 1.5°C target.

Deutschland muss bei möglichen zukünftigen Investitionen in fossile Energieprojekte im Ausland deutlich machen, dass und wie es die Klimaziele einhalten wird - und zwar sowohl die nationalen Klimaschutzziele Deutschlands und der EU als auch das globale 1.5°C-Ziel.

Die mit einer vielbeachteten Vision angetretene Ampelregierung agiert in der Außenpolitik noch ohne klaren Kompass. Das darf sich Deutschland angesichts der aktuellen Neuausrichtung der globalen Energie- und Sicherheitsarchitektur und der sich rasant zuspitzenden Klimakatastrophe nicht leisten.

A few weeks ago, the G20 published a report on “Boosting MDBs’ investing capacity” written by an expert panel tasked with an independent review of Multilateral Development Banks’ Capital Adequacy Frameworks. This blog addresses a significant barrier to fulfilling a number of recommendations about how to better access global financial markets: a lack of transparency and the associated doubts surrounding some MDB’s lending.

The meat industry is a major, and growing, contributor to global greenhouse gas emissions. Aggregate emissions from animal-based foods are twice those of plant-based products, accounting for in the order of 60% of total food system emissions.

Berlin, 5 July 2022 – New analysis published today shows that major Dutch companies only commit to reduce their emissions by 19% by 2030 on average, falling far short of the requirement to halve emissions by 2030 according to this year’s IPCC’s Sixth Assessment report. This is the first comprehensive analysis of 29 Dutch companies and financial institutions based on a study commissioned by Milieudefensie. The research was conducted by NewClimate Institute and evaluates 21 companies operating in the real economy and 8 financial institutions to determine the transparency and integrity of their...

The midyear UN climate conference “56th session of the Subsidiary Bodies” will take place from 6 to 16 June 2022, in Bonn. These sessions focus on means of implementation and policy requirements in preparation of the COP in November.