Southeast Asia, the fastest-growing region in the developing world, is at a crossroads. On the one hand, it seeks to develop its economy and provide sufficient and affordable energy to power economic and social development, which has historically driven reliance on fossil fuels. On the other hand, the region is among the most vulnerable to the impacts of human-induced climate change – from deadly heatwaves to destructive floods – that are only intensifying with increased greenhouse gas emissions. The key to balancing competing priorities in Southeast Asia -- energy security and economic ..read more

We call for scientific, ambitious, equitable, robust, credible and transparent rules around carbon accounting and corporate climate target setting. Voluntary and regulatory frameworks on climate transition planning must exclude offsetting ..read more

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 ..read more

The CAT released its "Guide to a good 2035 target" at the climate talks in Bonn, Germany today, setting out a detailed, four-point recipe of key elements governments need to include in their next round of climate targets (Nationally Determined Contributions or NDCs), to be submitted to the UNFCCC from November this year ..read more

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 ..read more

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 ..read more

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 ..read more

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 ..read more

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 ..read more

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 beyond this window dressing, the Scope 3 Flexibility Claim will be the most relevant part of the claims package for the next decade ..read more