83 results found

The role of hydrogen in decarbonisation - Investment opportunities for Latin America
Publication date 23 Feb 2023

This report assesses the role of hydrogen in several Paris-aligned decarbonisation scenarios and their implications for the Latin American region. It makes a comprehensive assessment of several hydrogen applications considering technology readiness, temporality, and regional context. The results provide insights to policy makers, public and private investors on the best opportunities for hydrogen in the short term.

Plans for German liquefied natural gas terminals are massively oversized
Publication date 13 Dec 2022

The study compares Germany's plans for the expansion of LNG import infrastructure with the actual need for imports. The analysis concludes that Germany's plans are massively oversized and not compatible with the path to climate neutrality. Germany's climate protection goals require a significant reduction in gas consumption, and the planned infrastructure either risks large financial losses due to low utilisation, or calls into question compliance with the path to climate neutrality.

Online event: Boosting multilateral investments for biodiversity
Venue Online
Date 08 Dec 2022
Start time 12:00

NewClimate joined E3G's event on boosting multilateral investments for biodiversity. In particular, the event looked at biodiversity and land-use finance and the challenges associated with it.

Pläne für deutsche Flüssigerdgas-Terminals sind massiv überdimensioniert
Publication date 08 Dec 2022

Die Studie vergleicht die Pläne Deutschlands für den Ausbau der LNG-Importinfrastruktur mit dem tatsächlichen Bedarf an Importen. Die Analyse kommt zu dem Ergebnis, dass die Pläne Deutschlands massiv überdimensioniert und nicht mit dem Pfad zur Klimaneutralität vereinbar sind. Deutschlands Klimaschutzziele verlangen eine deutliche Reduktion des Gasverbrauchs und die geplante Infrastruktur riskiert entweder große finanzielle Verluste durch eine geringe Auslastung, oder stellt das Einhalten des Pfads zur Klimaneutralität in Frage.

Development finance in the land sector: tracking progress towards Paris alignment
Publication date 06 Dec 2022

A rapid and far-reaching transition of the food system is critical to achieving the 1.5C objective of the Paris Agreement. Development finance institutions have the potential to help drive that transition. This report provides an analysis of relevant development finance institution policies, including sectoral and country strategies with reform recommendations for the way forward.

Tracking the progress of subnational and non-state climate action

This project aims to further advance the understanding of the universe of global subnational and non-state climate action, the potential impact of these actors on global greenhouse gas (GHG) emissions and their actual progress.

COP27: Aligning financial institutions’ strategies and operations with the Paris Agreement objectives
Venue COP27, IDFC Pavilion and Online
Date 16 Nov 2022
Start time 16:00

An event hosted by International Development Finance Club exploring 2050 pathways for climate and sustainability finance. The event started at 16h00 local time / 15h00 CET.

COP27: Ready for the next crisis? How MDBs can support the transition to a low-carbon, resilient economy by aligning with the Paris Agreement (shareholder and CSO perspectives)
Venue COP27, EU Online Pavilion
Date 16 Nov 2022
Start time 12:30

The event provided an overview of the state of play and remaining challenges of the multilateral development banks’ (MDBs’) Paris alignment process and discusses the most pressing and promising steps in delivering on the joint commitments. It gave space to the perspectives of shareholders in implementing their Paris commitments by aligning international finance flows including through the MDBs, reflecting also on key implications of last COP’s Glasgow Statement for the Clean Energy Transition. Anja Gebel (Germanwatch) Aki Kachi (NewClimate) Elizabeth Bast (Oil Change International) Ayeisha...

Making finance consistent with climate goals?
Publication date 16 Nov 2022

One year after the founding of GFANZ, this report takes stock of asset owners and managers climate commitments, how asset management decisions relate to emissions in the real economy, and what institutional investors are doing to implement their climate strategies.

Climate action in agriculture is essential for food security
Publication date 27 Oct 2022

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.

Aligning Policy-Based Finance with the Paris Agreement
Publication date 27 Oct 2022

Various public development banks provide countries with unearmarked budget support associated with various policy reforms through a lending instrument known as policy-based lending. These banks have not yet adopted an approach on how to align this lending with the Paris Agreement and current practice does not prevent undermining countries’ just transitions to global carbon neutrality by 2050. This paper discusses this lending type and provides recommendations for reform.

German support for gas investments abroad is mostly not compatible with the Paris Agreement
Publication date 20 Oct 2022

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.

Deutsche Unterstützung für Gas-Investitionen im Ausland ist in den allermeisten Fällen nicht mit Pariser Klimaschutzabkommen vereinbar
Publication date 20 Oct 2022

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.

Koalition braucht dringend einheitliche Klima-Außenpolitik
Publication date 12 Oct 2022

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.

Increased transparency and improved due diligence is critical to mobilizing climate finance
Publication date 09 Aug 2022

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.

Major Dutch companies’ climate pledges fall short of what is needed for Paris Agreement
Publication date 05 Jul 2022

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...

Evaluating corporate target setting in the Netherlands
Publication date 05 Jul 2022

In this publication, we scrutinise the climate pledges of leading corporations active in the Netherlands. We review the targets and actions of 29 companies: eight financial institutions and 21 businesses with their main activities in the ‘real economy’.

Climate Investment in Latin America
Publication date 24 Nov 2021

This report focuses on the policy landscape needed to enable a transition to net zero emissions, identifying key policies at a sectoral and national level to support investments towards decarbonisation in Argentina, Brazil, and Peru.

MDBs Pledged to Align Financial Flows with the Paris Agreement. They’re Not There Yet
Publication date 03 Nov 2021

Two years after the 2015 Paris Agreement, the world’s multilateral development banks (MDBs) committed to align their financial flows with the landmark climate pact’s goals.

Gas investment is not the solution to the current energy crisis
Publication date 21 Oct 2021

Much of the world currently finds itself in the midst of an energy crisis tied to jumps in the price of gas. Expanded investments in gas extraction, infrastructure, and gas-fired electricity generation plants sound like they could be solutions to the global gas crunch. New research from NewClimate Institute finds that continued reliance on gas is more likely to be an expensive distraction aggravating the situation – while undermining energy security and climate mitigation efforts. In the vast majority of cases, renewables and electrification represent the best solution. Around the world...

Paris alignment of gas?
Publication date 20 Oct 2021

Financial institutions' current investments in gas reflect an underestimation of climate risks, including the extent to which gas value chain investments pose a threat to achieving 1.5°C. This report surveys these risks, outlining the need for much tighter restrictions on lending for all parts of the gas value chain. Key Findings: Rapid and far-reaching decarbonisation of the energy system is essential to achieving the objectives of the Paris Agreement. Of particular importance is the “critical decade” between 2020 and 2030, where emissions need to fall 7.6% every year. Committed emissions...

The financial sector has a critical role to play in enabling global deep decarbonisation
Publication date 26 Jul 2021

To limit global warming to well under two degrees, the global economy needs to undergo system-wide changes. Finance has a critical role to play. The finance sector, defined as provider of financial services to actors in the real economy must play a central role in bringing about systemic change and in helping mobilise and shift capital to fully decarbonise the economy. UNEP FI estimates that for full decarbonisation, the world needs investments in the order of 5 to 7 trillion USD per year ( UNEP FI). While staggering, tens of trillions of dollars are spent every year on exploration, extraction...

Aligning agribusiness and the broader food system with the Paris Agreement
Publication date 29 Jun 2021

Achieving the mitigation goals of the Paris Agreement calls for a shift in where and how our food is produced, processed and transported to consumers. At the same time, this shift needs reinforcing with changes in our eating habits and how much food we waste. Development finance has the potential to play an important role in bringing about this change. Main findings: Drawing on sectoral benchmarks for shifts in the food system, we propose a rating system to guide investment decision making by dividing agribusinesses into four categories according to their consistency with mitigation objectives...

Transforming the finance sector with technical assistance
Publication date 24 Jun 2021

We assessed whether and to what extent the provision of technical assistance can help to transform the finance sector, using the example of support provided in the context of green bonds in China and Kenya. Main findings: In China, the government enacted a number of financial sector reforms to ease green finance flows, including green bond regulations. Technical assistance played a key role in supporting the establishment of China’s green bond market. In Kenya, the Kenya Bankers Association, together with the Nairobi Securities Exchange and international donors launched a Green Bond Programme...

Aligning Financial Intermediary Investments with the Paris Agreement
Publication date 23 Jun 2021

In order for development finance institutions, including multilateral development banks and bilateral, regional and national development banks to “align” themselves with the Paris Agreement, they must make sure that their activities conducted through financial intermediaries are also aligned. It is important for intermediated finance to align with overall temperature and resiliency objectives both in terms of direct but also indirect impact. In addition, development finance institutions should conduct due diligence to ensure that intermediaries meet transparency and governance requirements on...

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