European banks\u00a0allocated\u00a0US$41.9 billion to\u00a0companies developing\u00a0new gas power\u00a0plants\u00a0between 2021 and 2024,\u00a0despite\u00a0their claims to support the energy transition.\u00a0Almost two\u00a0thirds\u00a0of\u00a0this\u00a0(63%)\u00a0came\u00a0from French and UK banks,\u00a0essentially:\u00a0BNP Paribas, Cr\u00e9dit Agricole, Groupe BPCE, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, Barclays, HSBC, and Standard Chartered.\u00a0These banks\u00a0are\u00a0turning\u00a0a blind eye\u00a0to\u00a0the impacts of\u00a0gas power, which\u00a0include\u00a0sharp spikes in electricity prices driven by the high volatility [...]<\/p><\/div>
In 2025, 52% of the costs related to extreme weather events worldwide were not insured and therefore remained the responsibility of those affected, households, local authorities, and public finances alike. In France, the intensification of such events is putting the insurance system at risk. Reclaim Finance has therefore analyzed [...]<\/p><\/div>
Investors have increasingly adopted climate targets in response to pressure to address climate-related financial risks and to transition to a net-zero economy. This report assesses the robustness, ambition, and transparency of these targets across a sample of 83 global investors. We examined four types of investor targets: emissions, alignment, engagement, [...]<\/p><\/div>
While coal use is declining across most high-income countries, South and Southeast Asia remain major hotspots for new projects. Although China still leads globally, nearly all remaining expansion is concentrated in seven key countries \u2014 India, Indonesia, Pakistan, Bangladesh, Vietnam, Laos, and the Philippines \u2014 where 216 GW of [...]<\/p><\/div>
More than a year after Cr\u00e9dit Agricole announced a measure recognizing the scientific imperative to end oil and gas expansion, Reclaim Finance analyzed the impact this announcement had on the French banking group's activities as a whole. This note focuses on the practices of Amundi, the flagship subsidiary of the [...]<\/p><\/div>
Lloyd's of London, the world\u2019s largest global center for fossil fuel insurance, is bucking the global trend by continuing to grow its fossil fuel business according to new analysis from Reclaim Finance, leaving the Lloyd's marketplace increasingly misaligned with climate goals. Key findings: Growth rate of Lloyd's [...]<\/p><\/div>
Using carbon offsets to shut down coal plants, as proposed by some governments, banks and others, is likely to fail to reduce global emissions. It will likely replicate all the past problems with offsets, including the generation of huge amounts of fake credits, and will allow polluters to continue [...]<\/p><\/div>
Climate change is accelerating, fueled by an energy system still dominated by fossil fuels. The current impacts on human societies and ecosystems serve as a daily reminder of the urgent need to act now to prevent irreversible climate tipping points and even more severe consequences. A radical transformation in [...]<\/p><\/div>
Rental dominates the distribution and use of new cars in the EU, accounting for more than half of all new vehicles and aiming for almost 70% by 2030. Seven key players control 61% of the rental market and 31% of new registrations. Large fleet operators strongly influence the used [...]<\/p><\/div>
While the world\u2019s top scientists from the International Energy Agency (IEA) repeatedly state that there is no need for a single new oil field, tanker, pipeline, or any fossil fuel expansion whatsoever, banks ignore climate risk and increase finance for dirty energy companies expanding their sector. This is amidst [...]<\/p><\/div>