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The report argues that the EU's initial hydrogen targets were overly ambitious and calls for a pragmatic shift toward 'hard-to-electrify' sectors. It identifies a significant gap between current production (0.02 Mtpa) and 2030 targets, projecting regulated demand between 2.2 and 2.8 Mtpa. The authors advocate for a 'carrots and sticks' approach—combining subsidies with enforceable RED III mandates and penalties—to drive offtake. Financially, the report estimates that €13.9 billion in public funding is needed to meet mandates, potentially rising to €45.6 billion under an Accelerated Transition Scenario, which could unlock €276 billion in private investment.

The author contends that following the U.S. lead in abandoning the Paris climate accord would be 'economically perilous' for countries like Indonesia. He highlights the continued global acceleration of electric vehicle and solar energy growth, and cites specific policy actions in Japan and South Korea as examples of proactive decarbonization. The text argues that U.S. clean energy deployment is driven by economic sense and private sector investment, which will persist regardless of federal government policy.

The report warns that 'relining' seven aging coal-based blast furnaces in the US Great Lakes region is a multi-billion dollar risk that locks in high emissions and health-harming pollution for another 20 years. While these plants represent only about a quarter of US steel production, they generate approximately 75 percent of the industry's emissions. The authors argue that instead of spending $150M to $425M per furnace on relines, companies should invest in hydrogen-ready Direct Reduction (DRI) coupled with electric arc furnaces (H2-DRI-EAF), which can achieve near-zero carbon emissions. Although a new DRI plant costs more ($600M to $800M) and faces a near-term energy cost gap of approximately $2.50/kg H2 compared to coal, the transition is projected to protect skilled union jobs and create additional employment in renewable energy and hydrogen production. The report concludes that federal and state support—via tax credits, grants, and infrastructure investment—is necessary to close the remaining economic gap and avoid stranded assets.

The document proposes a shift from traditional technology-replacement efficiency to a 'whole-systems' approach. It argues that combining electrification with energy end-use efficiency (reducing the demand for energy services) can reduce overall energy demand by 50-75%. The author provides sector-specific examples: in buildings, through passive design and compact urban development; in mobility, via land-use reforms and smaller, lighter electric vehicles; in freight, through modal shifts to rail and material demand reduction; and in steel, via circularity and material substitution. The brief concludes that achieving the COP28 goal of doubling energy efficiency improvement rates requires engaging a diverse range of stakeholders to trigger social tipping points.

Mighty Earth's 2025 strategy focuses on decoupling agriculture from deforestation, ensuring sustainable state-backed development in Southeast Asia, and scaling finance for nature. The organization aims to leverage public distrust of corporations and passion for the environment to pressure the private sector, specifically targeting the automotive supply chain for decarbonized materials and promoting plant-based proteins to reduce methane emissions. Additionally, the group is pursuing continent-scale rewilding in North America, Asia, and Africa.

The ITIAC recommends that the DOE prioritize budget increases for offices like IEDO and AMMTO, improve industrial energy data collection, and support cross-cutting technologies such as direct electrification and clean hydrogen. It specifically calls for the creation of a chemicals technology center of excellence and a 'Fast Track' program to accelerate commercialization. The report also emphasizes the need for grid reforms to lower electricity costs for industry and the development of standards for clean goods to facilitate long-term offtake agreements.

The report provides a comprehensive roadmap for industrial decarbonization in East Asia, focusing on China, Indonesia, and Viet Nam. It proposes a six-tier technical strategy ranging from energy efficiency to green hydrogen and clean feedstocks. The analysis highlights that while efficiency and 'easy electrification' are cost-effective, deeper decarbonization requires massive investments—USD 1.7 trillion cumulatively through 2050 for industry alone across the three nations—and a fully decarbonized power grid. It recommends a policy package centered on carbon pricing, renewable energy procurement, and workforce reskilling to overcome high upfront costs and technical barriers.

Brazil possesses a significant carbon competitiveness advantage due to its renewable-heavy electricity grid, but faces substantial risks from incoming Carbon Border Adjustment Mechanisms (CBAMs) and the EU Deforestation Regulation (EUDR). While 78% of its exports go to net zero-aligned markets, structural contradictions—such as continued fossil fuel exploration and the 'Devastation Bill'—threaten its climate credibility. The economy is heavily dependent on China, and recent unilateral tariffs from the US have introduced significant geopolitical volatility.

The report assesses the renewable energy requirements for decarbonizing the EU steel industry, which currently accounts for approximately 5% of the region's CO2 emissions. It evaluates two primary scenarios based on scrap usage (0% vs 50%) and two value chain routes (EU-based vs imported iron) to determine the necessary scale of renewable electricity and hydrogen production to meet a 55% carbon emission reduction target by 2030.

The briefing finds that while net zero commitments among the top 50 steel producers have slightly increased, half of these companies still lack a 2050 target, and 23 lack concrete intermediate milestones. Transparency remains low, with only 15 companies defining their emission scopes. The report highlights the 2023 launch of the Science Based Targets initiative (SBTi) steel sector guidance as a key tool for improving target transparency and ambition, citing SSAB and Thyssenkrupp as early adopters.

In a speech delivered on 4 July 2024, WTO Deputy Director-General Jean-Marie Paugam outlines the evolving relationship between the WTO and environmental protection. He notes a paradigm shift where climate change is now actively disrupting trade, citing examples like the Panama Canal drought. While the WTO has made progress through the 2022 Ministerial Declaration and the Fisheries Subsidies Agreement, Paugam warns that uncoordinated national actions—such as the nearly 70 carbon tax schemes in development and varying green steel standards—risk fragmenting world trade. He advocates for a "reglobalization" approach that combines green industrialization with trade cooperation, suggesting the WTO may need to adopt new rule-making models, including plurilateral commitments or non-binding frameworks similar to the Paris Agreement, to remain relevant.

Brazil is positioned as a potential global leader in green steel due to high-quality iron ore and vast renewable energy resources, though its industry remains heavily reliant on coal-based blast furnaces. While the country leads in biochar use, a full transition requires shifting to electric arc furnaces (EAF) and green hydrogen-based direct reduced iron (DRI). The report emphasizes that strategic policy and the upcoming COP30 summit are critical to overcoming the longevity of existing coal-based infrastructure and the high capital costs of new technologies.

The report categorizes hydrogen applications into 'high-value' (primarily chemical feedstocks) and 'low-value' (primarily energy provision), arguing that the latter are often outcompeted by direct electrification. It warns that without strict guardrails on production, electrolytic hydrogen could increase net greenhouse gas emissions. The author recommends focusing infrastructure on tight industrial clusters and utilizing demand-side policies like advance market commitments and contracts for difference to scale high-value uses while minimizing risks in low-value sectors.

The FSD Program addresses the funding gap for the Paris Agreement and Sustainable Development Goals by shifting focus from the supply side of finance to the demand side. By analyzing firm-level investment decisions in low- and lower-middle-income countries (LLMICs), the program identifies the enabling conditions and blended-finance instruments—such as guarantees and risk mitigation—necessary to make sustainable projects attractive to private investors. This micro-level evidence is then used to inform macro-level global and regional policy frameworks.

The paper analyzes the financing gap in India's iron and steel sector, which is the country's largest industrial GHG emitter. It highlights a risk of carbon lock-in as 196 MTPA of fossil-based capacity is planned for 2021-2038. The authors propose a five-pillar framework—sectoral policies, enabling ecosystems, bankable business models, financing/derisking mechanisms, and financial sector regulations—to transition from fossil-intensive production to low-carbon technologies like green hydrogen-DRI. It details specific instruments such as Carbon Contracts for Difference (CCfD), blended debt funds, and Article 6 of the Paris Agreement to bridge the investment gap.

The report examines how International Climate Finance (ICF) can better support sectoral transitions in emerging economies, arguing that current architecture is limited by insufficient funding and a reliance on loans that increase sovereign debt. Through case studies of Brazil, India, Indonesia, and South Africa, it highlights the need for ICF designs that account for sectoral characteristics, cross-sectoral linkages, and economy-wide transition needs to avoid carbon lock-ins and support just energy transitions.

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.

The briefing finds that the global steel industry is not on track for net zero by 2050, as only a third of the top 50 producers have set 2050 targets. It highlights a critical gap in transparency regarding emission scopes and a concerning trend where planned capacity for coal-based blast furnaces significantly outweighs that of low-emissions projects.

The report finds that while there is a growing shift toward electric arc furnace (EAF) steelmaking, the transition is too slow to meet IEA Net Zero by 2050 targets. Asia, particularly India and China, remains the hub for new coal-based blast furnace-basic oxygen furnace (BF-BOF) capacity. This continued investment in carbon-intensive technology, alongside persistent global overcapacity, creates a significant stranded asset risk estimated up to US$ 554 billion.

The document highlights the role of the G20 and international financial institutions (IFIs), including multilateral development banks, in facilitating the transition to green steel in developing and emerging economies to mitigate global emissions from a growing industry.