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Policy Brief
The document argues that Ukraine's transition to a sustainable economy requires confronting powerful financial-industrial interest groups that have historically profited from resource extraction and corruption. It recommends integrating anti-corruption and environmental agendas, increasing community-led decentralised recovery, and leveraging wartime self-help initiatives in energy and agriculture to ensure a truly green reconstruction.
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Document type: Policy brief
EPH: yet another setback in ending its coal activities
Reclaim Finance asserts that EPH's commitment to exit coal by 2030 is a 'sleight of hand' because the company is transferring its coal assets to a new entity, EP Energy Transition, which is not bound by the phase-out date. The document further highlights EPH's role as the second-largest gas power developer in Europe, with over 4.7 GW in development, contradicting European decarbonization goals. It specifically urges Société Générale and its subsidiary Komercni Banka to cease financing EPH unless the company commits to a genuine coal exit by 2030 and halts new gas projects.
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Document type: Statement
Carbon y transiciones justas en el Caribe colombiano
The report examines the challenges of a just energy transition in Colombia's coal-producing regions of Cesar and La Guajira. It analyzes the differing visions of transition held by national and regional actors, the power dynamics that resist the planned phase-out of coal mining, and the efforts of civil society to promote sustainable futures. This work is part of a broader comparative project involving South Africa and Indonesia to understand energy transition hurdles in Global South coal-producing nations.
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Document type: Report
Carbon Market Watch response to Gold Standard methodology Consultation on a methodology for a just transition through the early phase out of coal-fired power plants
Carbon Market Watch argues that the Gold Standard's proposed methodology for coal plant phase-outs is insufficient due to unpredictable economic and political factors, weak eligibility criteria for renewable energy, and inadequate financial and emissions accounting. The organization recommends stricter timelines for developed economies, more rigorous additionality assessments, and the inclusion of construction emissions to avoid the issuance of low-quality credits.
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Document type: Statement
COMPANIES AND CLIMATE CHANGE
The report evaluates climate transition performance across 18 Asia-Pacific markets and four key sectors: automotive, tech-electronics, healthcare, and basic industries. It finds that while mitigation goals are increasingly integrated into corporate strategies, adaptation and physical risk management remain significantly neglected. Regional analysis highlights Australia and China as leaders in low-carbon transition, while noting that coal still dominates the APAC power mix. Sectoral findings indicate the auto industry is leading in product-level decarbonisation, whereas basic industries show modest progress. The report emphasizes a critical lack of standardised ESG data reporting across all sectors, which hinders accurate assessment of corporate progress.
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Document type: Report
THE ROLE OF THE STATE IN A SUCCESSFUL JUST TRANSITION
The research paper defines a 'transition effective state' as one capable of identifying and solving community-priority problems through co-production—a collaborative process where affected citizens are active partners in policy design. Evaluating South Africa's Just Energy Transition (JET), the authors find that current state capabilities are low because the government relies on 'tick-box' public participation and 'isomorphic mimicry' of international best practices rather than locally-driven solutions. Fieldwork in Mpumalanga reveals critical policy gaps, including the invisibility of the informal coal value-chain, the loss of community services provided by Eskom and mines, and water scarcity. The paper concludes that rigid budgeting and entrenched administrative habits hinder progress, recommending the development of detailed co-production guidelines and pilot projects focusing on water and community asset management.
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Document type: Research paper
LE RÔLE DE L’ÉTAT DANS LA RÉUSSITE D’UNE TRANSITION JUSTE
The research paper assesses the capacity of the South African state to implement a just energy transition (JET), concluding that current state capacity is low due to a reliance on top-down, 'tick-box' public participation rather than genuine co-production. It defines a 'transition effective state' as one capable of identifying and solving community-priority problems through collaborative, context-specific processes. Fieldwork in Mpumalanga reveals that critical issues—such as the informal economy's dependence on coal, water rights, and the loss of corporate social investment services—remain invisible in national policies. The author recommends developing detailed guidelines for co-production and applying them to specific gaps in the JET framework to build legitimacy and ensure social equity.
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Document type: Research paper
Rich countries must practice what they preach on fossil fuel phaseout
Reclaim Finance asserts that the 'transitioning away from fossil fuels' agreement at COP28 must be backed by concrete action from rich countries. It calls for the EU, US, Canada, Norway, the UK, and Australia to end domestic oil and gas production, stop their financial institutions from enabling global fossil fuel expansion, and provide concessional finance for just coal retirements and renewable energy deployment in the Global South.
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Document type: Statement
POWER SYSTEM EXPANSION POLAND
The study investigates the transition of Poland's power system to a 99% reduction in emissions by 2050. The 'base' scenario identifies onshore wind as the dominant generation source, complemented by nuclear power, gas plants with carbon capture and storage (CCS), and hydrogen storage. The analysis emphasizes that a technology-inclusive approach is essential for competitiveness, as scenarios excluding nuclear and CCS result in significantly higher electricity prices and system costs. Key recommendations include maximizing onshore wind deployment, advancing a nuclear fleet exceeding 8 GW, and establishing CO2 transport and storage infrastructure by 2035.
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Document type: Report
TEN GUIDING PRINCIPLES FOR FINANCING COAL RETIREMENT MECHANISMS
The policy brief argues that existing coal retirement mechanisms (CRMs) in Asia and Africa are failing to translate pledges into funding and effective plant closures. It identifies barriers such as the prevalence of non-concessional loans, the risk of 'emission leakage,' and the moral hazard of incentivizing new coal build-out. To address these, Reclaim Finance and 11 partner organizations propose ten principles, which include an immediate stop to coal expansion finance, the replacement of coal with renewables rather than gas, the prohibition of tradeable carbon offsets, and the requirement for transparent, auction-based retirement processes.
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Document type: Policy brief
TEN GUIDING PRINCIPLES FOR FINANCING COAL RETIREMENT MECHANISMS
The policy brief argues that existing coal retirement mechanisms (CRMs) in Asia and Africa, such as Just Energy Transition Partnerships (JETPs), are failing due to insufficient funding, reliance on non-concessional loans, and lack of transparency. To address these failures, the authors propose ten principles. These include aligning phaseouts with 1.5°C pathways, immediately stopping all coal expansion finance, replacing coal only with sustainable renewables, and prohibiting the use of tradeable carbon offsets. The brief emphasizes that financing must be concessional to avoid increasing national debt and that the process must include social and environmental remediation for affected communities and workers.
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Document type: Policy brief
Landscape of Climate-Aligned Investment in Indonesia's Financial Sector
Indonesia requires approximately USD 285 billion in climate-aligned investment to meet its Enhanced NDC, but current funding is insufficient. The government budget covers 34% of this need, while the financial sector (public and private) contributes 15%. Between 2015 and 2021, public and private financial institutions provided roughly equal amounts of climate-aligned investment, totaling USD 41.7 billion. Private investment is notably low, with only 3% of total private investment being climate-aligned, and much of this concentrated in land use. In the power sector, 58% of the USD 35.6 billion invested went to renewables, with a significant drop in coal finance since 2016. Future investment trends are expected to be driven by government policy signals such as the Just Energy Transition Partnership (JETP) and the Energy Transition Mechanism (ETM).
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Document type: Report
State of Climate Action 2023
The State of Climate Action 2023 finds that global efforts to limit warming to 1.5°C are failing, with 41 of 42 assessed indicators not on track for 2030 targets. While electric passenger car sales show exponential growth and are on track, other areas such as fossil fuel financing and deforestation have seen significant setbacks. The report argues that efforts in most sectors must accelerate at least twofold this decade, including a seven-fold increase in the pace of coal phase-out and an eight-fold increase in the shift toward sustainable diets in high-consuming regions.
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Document type: Report
Feedback on the JETP CIPP
Ember's feedback on the JETP CIPP highlights critical gaps in the plan, particularly the exclusion of captive power emissions, which may lead to 2030 emissions exceeding the 290 MT CO2 target. The organization recommends increasing solar targets, reassessing wind deployment locations, and questioning the sustainability and viability of bioenergy. Ember also criticizes the coal retirement timeline, noting that the CIPP's plan to retire only 1.7 GW by 2040 contradicts the Indonesian government's more ambitious goals and the IEA's 1.5 degree scenario. Additionally, the document calls for greater transparency in GFANZ financing, comprehensive risk assessments regarding US political stability, and urgent policy reforms to end coal subsidies and prohibit new coal plants in the industrial sector.
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Document type: Statement
POLÍTICAS NACIONALES QUE FOMENTAN CLIMATE POLICY IMPLEMENTATION CHECK EN COLOMBIA EN LA GENERACIÓN ELÉCTRICA LA ENTRADA DE RENOVABLES Y LA SALIDA DE LOS COMBUSTIBLES FÓSILES COLOMBIA
The report assesses Colombia's energy transition policies, specifically Law 1715 of 2014 and Law 2169 of 2021, finding both have a 'Medium' implementation rating. While legal frameworks are strong, the country has struggled to meet installed capacity targets for renewables due to social conflicts and regulatory uncertainty. The document also examines the phase-out of coal and hydrocarbons, noting contradictions between international commitments and national development plans regarding natural gas.
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Document type: Report
Accelerating Clean Energy Ambition
The document details the technical methodology used by the Union of Concerned Scientists to model US energy system transitions. It outlines targets for reducing energy and industrial CO2 emissions by 47.5% by 2030 and 100% by 2050, alongside specific targets for non-CO2 gases. The analysis employs seven scenarios, including reference cases and various net-zero pathways, incorporating the impacts of the Inflation Reduction Act (IRA) and the Infrastructure Investment and Jobs Act (IIJA). Key assumptions include the total retirement of coal generation by 2030 in net-zero scenarios and 100% zero emissions vehicle sales by 2035.
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Document type: Report
Coal exit must not entail support of the false solution of wood bioenergy
The Asia Pacific Regional Biomass Working Group urges the Asian Development Bank (ADB) to cease support for wood bioenergy and the 'repurposing' of coal plants, arguing that biomass co-firing extends the life of coal infrastructure and causes severe ecological and social harm. The group highlights that in Indonesia, PT PLN's co-firing strategy could require 2.33 million hectares of energy plantations, potentially leading to 2.1 million hectares of deforestation annually. The letter demands that ADB recognize bioenergy as contradictory to coal phase-out goals, divest from wood biomass projects, and identify the sector as high-risk.
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Document type: Statement
The Next Phase of Indonesia Green Taxonomy: Transition Finance to Support Decarbonization
The report advocates for Indonesia Green Taxonomy 2.0 to incorporate 'transition finance' to bridge the gap between traditional and green finance. It highlights the ASEAN Taxonomy's approach to coal phase-out—where shortening a plant's commercial operation to a maximum of 35 years can qualify it as sustainable—and warns against including 'captive coal plants' in the green category to avoid deterring global investors. The author proposes a framework based on five G20 pillars, emphasizing clear technical screening criteria, synchronized disclosure policies, and a Just Transition Finance Framework to ensure equitable benefits.
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Document type: Report
日本へ向けた信頼できるトランジション・ファイナンス発展のための提言
The Climate Bonds Initiative argues that Japan's GX plan requires strengthening in several key areas to be truly 1.5°C-aligned. Key recommendations include prioritizing established renewable technologies, setting a clear phase-out date for unabated coal power by 2035, strictly limiting gas investments, and tightening standards for low-carbon hydrogen and ammonia. The report emphasizes that the success of Japan's planned 20 trillion yen GX Economic Transition Bonds depends on rigorous alignment with scientific pathways to mobilize private capital and avoid stranded assets.
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Document type: Report
Japan: Policies to grow credible transition finance
The Climate Bonds Initiative evaluates Japan's GX Plan, noting that while it provides a solid foundation for transition finance, certain elements—specifically the reliance on ammonia co-firing and fossil gas—risk undermining its credibility. The report recommends prioritising mature renewable technologies, setting a clear phase-out date for unabated coal by 2035, and implementing a mandatory emissions trading system with a strong carbon price to ensure alignment with global 1.5°C goals.
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Document type: Report