NewClimate Institute

𝗡𝗼𝘄 𝗹𝗶𝘃𝗲! 𝗡𝗲𝘄 𝘂𝗽𝗱𝗮𝘁𝗲 𝗼𝗻 Climate Action Tracker’𝘀 𝗗𝗮𝘁𝗮 𝗘𝘅𝗽𝗹𝗼𝗿𝗲𝗿! The Data Explorer (https://lnkd.in/eZAjWtjx) brings together data from our flagship project Climate Action Tracker’s (CAT) country analyses, country ratings and 1.5°C-compatible benchmarks to help #policymakers, #researchers, #media and interested citizens better understand progress on #ClimateAction. 💡The latest data update includes: • Updated historical emissions data • New 1.5°C-compatible benchmarks, like CAT’s new transport benchmarks 📝What can you do with the Data Explorer? • Compare emissions and climate targets across CAT countries. • Track progress on renewables, electric vehicles, and more across CAT countries. • Explore and compare countries based on their CAT rating and their NDC’s 1.5°C compatibility. All datasets are available for download, and the platform is free to use! 📽️ 𝗪𝗮𝘁𝗰𝗵 𝗼𝘂𝗿 𝘀𝗵𝗼𝗿𝘁 𝘄𝗮𝗹𝗸𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝘃𝗶𝗱𝗲𝗼 𝗮𝗻𝗱 𝘀𝘁𝗮𝗿𝘁 𝗲𝘅𝗽𝗹𝗼𝗿𝗶𝗻𝗴 https://lnkd.in/eZAjWtjx

💡𝗪𝗵𝗮𝘁 𝗱𝗼𝗲𝘀 𝗺𝗲𝗮𝗻𝗶𝗻𝗴𝗳𝘂𝗹 𝗰𝗹𝗶𝗺𝗮𝘁𝗲 𝗿𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝗹𝗼𝗼𝗸 𝗹𝗶𝗸𝗲? Taking climate responsibility starts with #transparency and #DirectAction. At NewClimate Institute, we apply a structured approach that focuses on real emissions reductions instead of offsetting and ensures accountability at every step. How we apply this in our #climateresponsibility 2024 report⬇️ 1️⃣Tracking emissions: We assess our emissions annually to identify key sources and reduction opportunities. Business travel remains our largest source, but per-employee emissions are still 43% lower than pre-pandemic levels. 2️⃣Reducing emissions: Cutting emissions at the source is our priority. We limit air travel where possible and invest in energy-efficient office spaces to minimise our footprint. 3️⃣Pricing emissions: Reflecting our responsibility for emissions we cannot yet cut, we contribute to meaningful climate action elsewhere, without claiming that this neutralises our own emissions. We set a Paris-aligned carbon price, integrating the real cost of emissions into financial decisions. 4️⃣Supporting action: Instead of relying on carbon credits, we channel funds into transformational projects, such as solar-powered heat pumps in Mongolia and e-bike taxis in Uganda. 5️⃣Mainstreaming pricing: We apply our internal carbon price to business activities, budgeting, and project evaluations, ensuring emissions are factored into key processes. 6️⃣Transparent reporting: We openly document our process to offer a credible alternative to offset-based approaches, encouraging others to adopt and refine this model. 📢 More organisations are recognising the need for a transparent and impact-driven approach to climate responsibility. We hope to inspire others to use this approach. 📖 Last week, we released our climate responsibility report 2024 – learn more about its findings and our approach here: https://bit.ly/3XREmBJ  

📢 Our new climate responsibility report is out! For the fourth year in a row, we are accounting for our emissions using an approach that focuses on directly reducing our #climateimpact and channelling resources to initiatives that deliver real positive impact. Our latest climate responsibility 2024 report outlines how we put this into practice. 💡Rethinking climate responsibility Taking responsibility for your company’s emissions requires more than just tracking them➡️It demands #transparency, #reduction, and #accountability. Reflecting our responsibility for the emissions we cannot yet cut, we set a Paris-aligned internal carbon price, directing funds toward transformational #climateinitiatives. In 2022, we donated to support a pilot project for solar-powered heat pumps in Mongolia, now fully owned by a nursery school, reducing their heating costs and emissions. → Curious to know more? Learn more about our climate responsibility approach and explore the latest report on our website: https://bit.ly/4iHGGDh

Reflections from the IESR Public Discussion in #Jakarta 🌍 Last year, our expert Jamie Wong presented at the Public Discussion on Indonesia’s Climate Responsibility: Examining Indonesia’s Second Nationally Determined Contribution (#NDC) Target and the Pathway to 1.5°C Compatibility, organised by Institute for Essential Services Reform (IESR). Jamie’s presentation covered equity, countries’ ambition, and the critical role of international support, before diving into the Climate Action Tracker’s (CAT) methodology. The event ended with an engaging panel discussion on Indonesia’s draft Second NDC (#SNDC), national climate action, and the global path toward a 1.5°C future. 💡Key messages from Jamie’s session 🚩Equity in global climate action: All countries should pledge the highest possible ambition with respect to their circumstances. Wealthy countries have a critical role to play in supporting climate action and sustainable development in other countries. 🚩Indonesia’s draft SNDC: 1️⃣The ambition question: Indonesia’s unconditional SNDC allows emissions to continue to rise till 2050 and is not aligned with most interpretations of equity. Their conditional SNDC is linked to Indonesia’s ambitious net-zero by 2060 goal, which can be considered equitable.  2️⃣The credibility question: The conditional SNDC depends on steep reductions post-2035 and transitioning the forestry sector into a carbon sink by 2030, despite limited policy or measures to achieve this. A key challenge for the new government is to put #Indonesia on a path to achieving its development goals while implementing urgent climate #mitigation and #adaptation measures. Transitioning to a renewable-based energy system must go hand in hand with halting #deforestation to protect Indonesia's rainforests that are not only critical for Earth’s climate, land, water, and #biodiversity systems, but also for the millions of indigenous people whose lives and livelihoods depend on it. Special thanks to the IESR team, panellist Agus Sari and participants for having us! Learn more about how CAT evaluates Indonesia’s climate goals: 🔗https://lnkd.in/dN9W7rRn #ClimateAction #Indonesia #haltdeforestation #RainforestProtection

Follow us on Bluesky! We are saying goodbye to X and are inviting you to follow our activities on Bluesky and LinkedIn 👋 We look forward to continuing constructive engagement and dialogue with you! ➡️Follow us here: https://lnkd.in/dbM6ufXZ #ClimateAction #Bluesky #ClimateConversations

🔶New discussion paper: Enhancing cooperation to unlock more impactful climate finance The growing demand for transformative climate finance makes the cooperation of Multilateral Development Banks (MDBs) and National Development Banks (NDBs) more urgent than ever. However, public financial resources continue to fall short of what is needed to match the scale and urgency of the climate crisis. MDBs and NDBs combined potential remains largely underutilised. Our newly released discussion paper explores how deeper collaboration between MDBs and NDBs can unlock more impactful climate finance and better align with countries' national climate and development goals. It was published by Germanwatch e.V. and co-authored by our expert Imogen Outlaw, Anja Carolin Gebel, PhD (Germanwatch), Laura Sabogal (E3G) and Valerie Rouxel-Laxton (World Resources Institute). Although MDB-NDB cooperation exists, efforts are often fragmented and limited in scale. Without deeper, more strategic partnerships, climate finance will miss opportunities for greater impact. ▶️ The paper highlights key opportunities for stronger cooperation: 1️⃣ Financial Cooperation: Co-financing and blended finance mechanisms can significantly scale up climate funding. 2️⃣ Institutional knowledge sharing: MDBs can provide technical expertise, while NDBs offer critical local insights, creating more targeted and effective projects. 3️⃣ Country dialogue and strategy alignment: Coordinated efforts at the national level can improve coherence and impact. 4️⃣ Monitoring and Evaluation: Joint frameworks can strengthen transparency, accountability, and data tracking on climate finance outcomes. Our expert Imogen Outlaw is attending the Finance in Common Summit this week in South Africa contributing to critical discussions on the future of climate finance and the PDB ecosystem. 🔗Read the full paper here: https://lnkd.in/dkcNFZUg #ClimateFinance #ClimatePolicy #DevelopmentBanks

This week, the European Commission released its Vision for Agriculture and Food. Natalie Pelekh shares her views on how the vision could guide EU policy over the next five years, taking into account European Climate Neutrality Observatory (ECNO)'s assessment of the agrifood sector's progress to climate neutrality. #AgriFood #CAP #EUPolicy

Read our newest blog to learn why the transition to a clean economy is not just a domestic EU agenda but rather hinges on successful #partnerships. Next week, the EU Commission will unveil the highly anticipated Clean Industrial Deal (#CID) – an initiative that aims to tackle the EU’s innovation gap with global rivals, ensure the bloc’s economic security and make progress on decarbonising EU industry. Europe will not be able to do this alone. Strategic, values-driven partnerships must lie at the heart of its new approach. To this end, Clean Trade and Investment Partnerships (#CTIPs) can play an important role. Read more in the blog authored by Sarah Jackson 👇 #ClimatePartnerships #CleanIndustrialDeal #Competitiveness #EUClimateAction 

#Hiring: Want to join a team working on real impact? Climate Action Tracker is now looking for a project lead. In this role, you will manage the Climate Action Tracker project, overseeing coordination, planning, and budgeting. Responsibilities include staffing and content development, quantitative and qualitative analyses, and contributing to research reports. Apply here 🔗 https://buff.ly/4hz7B42 #ClimateJobs #SustainabilityCareers #JobOpportunity #BestTeamEver

🌍Global #greenhydrogen trade is nascent and faces significant challenges in scaling up. #Innovative financial tools are key to reducing risk, closing cost gaps, attracting private investment, and accelerating market growth. As global green hydrogen markets expand, sustainability safeguards must keep pace. Our latest reports funded by Deutsche Umwelthilfe examine sustainability safeguards in Germany’s Klimaschutzverträge (KSV) (🔗https://lnkd.in/d_xnxim5) and the H2Global mechanism and BMWK pilot tender (🔗https://lnkd.in/dWEKYBpf). Here are key findings from the reports: 🔎Klimaschutzverträge The KSV scheme’s design does not fully account for the inherent risks and inefficiencies associated with hydrogen production and use. Key sustainability gaps remain. - Projects can include hydrogen production costs into bid prices, thus indirectly getting subsidies for “low-carbon” hydrogen production - Unclear accounting of upstream hydrogen transport emissions may exclude energy losses from bid prices. - Imported hydrogen may bypass EU environmental and social standards if compliance is not explicitly required.  - KSV’s revised funding directive weakens incentives for green hydrogen, diminishing its competitive advantage over “low-carbon” hydrogen. 🔎H2Global H2Global sets no minimum standards, raising the possibility that future tenders support hydrogen with low sustainability standards. While the BMWK pilot tender touches on important sustainability considerations, gaps remain. - Water and land safeguards do not fully address competing uses, risking the prioritisation of local resources for hydrogen production. - Electricity sourcing requirements align with EU regulations but fail to incentivise surplus sharing. - Local value creation measures lack robust requirements to secure long-term and sustainable economic impacts for producing countries. 📖 Read the reports: → https://lnkd.in/d_xnxim5 → https://lnkd.in/dWEKYBpf #ClimatePolicy #GreenHydrogen #EnergyTransition Chetna Hareesh Kumar Hanna Fekete Imogen Outlaw