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Electrical Utilities Criteria
The Electrical Utilities Criteria provide a framework for certifying entities and debt instruments based on their emissions intensity and transition pathways toward net-zero by 2040. The criteria distinguish between existing and new capacity, setting specific GHG thresholds for low-carbon technologies and phase-out dates for unabated fossil fuel plants. It also defines requirements for mitigation measures like CCS/CCUS and cofiring, as well as a comprehensive adaptation and resilience checklist to ensure infrastructure is robust against physical climate hazards.
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Document type: Guide
Warming Projections Global Update
The December 2023 update finds that global warming projections have stalled, with current policies leading to 2.7°C of warming by 2100. Even the most optimistic scenario, including all announced targets, results in 1.8°C, exceeding the 1.5°C Paris Agreement goal. The report highlights a growing implementation gap and warns that reliance on carbon capture and storage (CCS), e-fuels, and carbon offsets are 'false solutions' that delay necessary deep emission cuts. It urges governments to submit 1.5°C-aligned 2035 targets by February 2025 and to commit to a complete phase-out of fossil fuels.
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Document type: Report
Ne tombons pas dans le piège de l'hydrogène
The document critiques the global hydrogen industry, asserting that most production relies on fossil fuels and that even 'green' hydrogen is inefficient and risks perpetuating neocolonial extractivism. It argues that hydrogen serves as a distraction from necessary climate action and a tool for the gas industry to justify new infrastructure. The author calls for the elimination of fossil-fuel-based hydrogen and a transition to community-owned renewable energy and agroecology.
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Document type: Statement
No nos dejemos engañar por el frenesí por el hidrógeno
Friends of the Earth International positions hydrogen as a dangerous distraction from real climate action, asserting that most production relies on fossil fuels and that even 'green' hydrogen is inefficient and risks perpetuating neocolonial extractivism. The document critiques various 'colors' of hydrogen, warns against carbon capture and storage (CCS) as an unproven patch, and calls for a systemic shift toward energy sovereignty and community-led renewables instead of industrial hydrogen projects.
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Document type: Statement
Don’t fall for the hydrogen hype
The document critiques the promotion of hydrogen as a clean energy alternative, asserting that the vast majority of global production relies on fossil fuels. It categorizes different 'colors' of hydrogen, arguing that grey, blue, black/brown, and turquoise versions perpetuate fossil fuel dependency, while green hydrogen is inefficient and risks replicating neocolonial extractivism. The paper highlights the high water and energy requirements of electrolysis and the unproven nature of Carbon Capture and Storage (CCS). It concludes that hydrogen serves as a distraction from deep systemic change and recommends a coordinated phase-out of fossil fuels and a transition to community-owned renewable energy.
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Document type: Statement
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
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
DAPAT MENDORONG TRANSISI ENERGI INDONESIA YANG ADIL DAN AMBISIUS? APAKAH RENCANA DAN KEBIJAKAN INVESTASI JETP
The document critiques the implementation of the Just Energy Transition Partnership (JETP) in Indonesia, highlighting a lack of transparency in the Comprehensive Investment and Policy Plan (CIPP) and the persistence of 'false solutions' like coal co-firing and carbon capture. It argues that for a transition to be truly 'just,' it must incorporate four pillars of justice—recognition, distributive, procedural, and restorative—and specifically address the vulnerability of workers in the coal sector. The report recommends legally binding emission targets, the removal of 'take-or-pay' electricity contracts, and the decentralization of renewable energy development to empower local governments and communities.
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Document type: Report
Reclaim Finance response to GFANZ Consultation Paper: “Financing the Managed Phase-Out of Coal-Fired Power Plants in Asia Pacific”
Reclaim Finance argues that GFANZ's guidance on coal managed phase-outs (MPOs) in Asia Pacific must be significantly strengthened to ensure alignment with a 1.5°C scenario, protect civil society, and avoid 'junk' carbon offsets. The organization recommends that financial institutions end all support for new coal infrastructure and that MPOs prioritize the closure of the oldest plants by 2040, without diverting funds toward retrofits or carbon-intensive alternatives like biomass and ammonia.
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Document type: Statement
COP28 must focus on oil and gas phase-out
The Climate Action Tracker finds that the world's largest fossil fuel producers have not committed to ending new investments in oil and gas, and many governments continue to provide fossil fuel subsidies. The briefing argues that COP28 must prioritize a phase-out of oil and gas production and set an ambitious global renewable energy target exceeding 1 TW of added capacity per year, while avoiding distractions such as carbon capture and storage (CCS) and co-firing technologies.
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Document type: Briefing
PETISI
The document is a petition addressed to Japanese government officials, banks, and the Asian Development Bank (ADB) regarding the Cirebon coal-fired power plant projects in Indonesia. The authors demand the immediate suspension of loan disbursements for Cirebon 2 (1,000 MW) and a responsible, rapid early retirement of Cirebon 1 (660 MW). They argue that these projects have caused severe damage to the livelihoods, health, and culture of local coastal communities, specifically affecting small-scale fishing and salt production. The petition highlights allegations of corruption, noting that a former Cirebon Regent was indicted by the KPK for receiving bribes from Hyundai Engineering and Construction Co., Ltd. and Cirebon Energi Prasarana (CEPR) to expedite permits for Cirebon 2. The authors criticize the use of Corporate Social Responsibility (CSR) as an inadequate solution and call for a 'just' energy transition that includes environmental restoration and genuine community participation, rather than technical fixes like biomass co-firing.
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Document type: Statement
G7 countries must not leave room for fossil fuels climate destruction
A coalition of 181 organizations calls on G7 leaders to end the promotion of 'false energy transition solutions'—specifically Japan's Green Transformation (GX) policy—and to cease all international public finance for fossil fuels. The statement argues that current G7 commitments are insufficient, citing continued investments in gas and ammonia co-firing in Southeast Asia and Africa, and urges a shift toward renewable energy and fair funding mechanisms for the Global South.
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Document type: Statement
‘No room for fossil fuels in climate-vulnerable developing countries’: G7 nations must reject the rollout of false energy transition technologies
A coalition of environmental and social organizations urges G7 nations to cease the promotion and financing of fossil fuel-based technologies, such as ammonia and hydrogen co-firing, in climate-vulnerable developing nations. The statement specifically criticizes Japan's Green Transformation (GX) policy and the continued investment in fossil gas in Southeast Asia, arguing that these 'false solutions' risk stranded assets and undermine the 1.5-degree Celsius Paris Agreement goal.
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Document type: Statement
NGO Joint Statement: Co-firing of Biomass in Coal Plants or Conversion of Coal Power Plants to Dedicated Biomass Power Plants is Greenwashing
The document argues that Japan's use of biomass co-firing and coal-to-biomass conversion is greenwashing that prolongs the life of inefficient coal plants and destroys forest ecosystems. It highlights that 31 coal-fired units in Japan already co-fire with biomass and that wood pellet imports increased 61-fold over the last decade to 4.41 million tons in 2022. The signatories claim that treating biomass as "carbon neutral" ignores lifecycle emissions and that METI's accounting methods allow inefficient plants to appear efficient. The NGOs urge the Japanese government to exit coal regardless of co-firing, stop supporting biomass power plants using non-waste fuels, and account for biomass combustion emissions at the plant and national levels.
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Document type: Statement
Co-firing of Biomass in Coal Plants or Conversion of Coal Power Plants to Dedicated Biomass Power Plants is Greenwashing —Biomass accelerates climate change and destroys forest ecosystems
The document argues that Japan's use of biomass co-firing in coal plants and the conversion of these plants to dedicated biomass facilities is 'greenwashing'. It claims these practices accelerate climate change by emitting CO2 and prolonging the life of inefficient coal plants, while simultaneously driving deforestation and biodiversity loss in Southeast Asia and North America to meet the rising demand for wood pellets.
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Document type: Statement
活況と不況-石炭 世界の石炭火力発電所の計画追跡
The report indicates that while global coal power is trending toward an end, the pace of phase-out is insufficient to meet Paris Agreement targets. China is a major outlier, with a surge in new plant approvals and construction that contrasts with a general decline in new projects outside its borders. In Japan, while new project scales are shrinking, operational capacity increased in 2022, and very few plants have confirmed closure dates.
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Document type: Report
Open Letter: Japan’s “Zero Emissions” strategy is a fallacy
The document demands that Japan phase out coal by 2030, end international public finance for fossil fuels, and stop promoting technologies like ammonia co-firing and carbon capture and storage, which the authors claim are ineffective and costly.
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Document type: Statement
Ambiguities versus Ambition: A Review of Indonesia’s Energy Transition Policy
The report analyzes the contradictions between Indonesia's climate commitments and its energy planning, highlighting a significant oversupply of fossil fuel capacity and the risks of relying on 'false solutions' like biomass and ammonia co-firing.
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Document type: Report
Ambiguitas versus Ambisi: Tinjauan Kebijakan Transisi Energi Indonesia
The report highlights a significant gap between Indonesia's climate commitments and its energy policies, noting a severe oversupply of electricity primarily driven by coal. It argues that the RUPTL 2021-2030 continues to plan for fossil fuel capacity, which contradicts NZE targets. The document further critiques 'new' technologies like biomass and ammonia co-firing, CCUS, and Clean Coal Technology as 'false solutions' that risk extending the lifespan of coal plants rather than accelerating a transition to renewables.
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Document type: Report