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The briefing reports that 2030 climate target updates have stalled since COP26, leaving the world on track for 2.4°C of warming based on current targets and 2.7°C based on current policies. Despite the Glasgow Climate Pact's request for governments to strengthen their Nationally Determined Contributions (NDCs) by the end of 2022, no major emitter has updated its target. The report highlights a significant emissions gap, noting that global emissions in 2030 would be twice as high as the 1.5°C limit allows without increased action. It suggests four pathways for governments to update targets: full NDC updates, expanding NDC coverage (specifically for China regarding non-CO2 gases), participating in new sectoral initiatives, or implementing policies to overachieve existing targets.

The document analyzes the African perspective on 'loss and damage'—climate impacts that cannot be avoided through mitigation or adaptation. It highlights the failure of existing mechanisms like the Warsaw International Mechanism (WIM) and the Santiago Network to provide sufficient financial support, noting that developed countries resist dedicated funding due to concerns over legal liability. The authors recommend that African nations establish a transparent, inclusive position on the mandate of a potential Finance Facility, explore climate litigation against 'carbon majors', and integrate loss and damage assessments into their Nationally Determined Contributions (NDCs).

The We Mean Business Coalition urges G7 leaders to lead a rapid transition away from fossil fuels through specific targets, including decarbonized power systems by 2035 and the elimination of fossil fuel subsidies by 2025. The coalition emphasizes that the war in Ukraine has highlighted the vulnerability of fossil fuel dependence and calls for strengthened NDCs, scaled-up renewable energy, and mandatory corporate climate disclosures to ensure a just and people-centred transition.

The We Mean Business Coalition highlights that companies using the Science Based Targets initiative (SBTi) are reducing emissions faster than the global average, noting a 12% cut in 2020 compared to a 5% global decrease. With 2,253 companies representing $38 trillion in market capitalization engaged with SBTi, the author urges G7 governments to align Nationally Determined Contributions (NDCs) with the goal of halving global emissions by 2030 and to create legal requirements for all companies to set targets. The document emphasizes that a just transition to clean energy—through renewables, electrification, and energy efficiency—is essential to enable businesses to decarbonize their value chains and meet these targets.

Carbon Market Watch argues that Article 6.2 and 6.4 mechanisms lack a clear definition of "removals," leading to the risk of including "false solutions." The organization proposes four scientific principles for defining real removals: atmospheric GHG removal, permanent storage (at least 200-300 years), comprehensive accounting of process emissions, and a net-positive removal balance. Based on these, the document asserts that nature-based sequestration and point-source CCS do not qualify as permanent removals. It specifically critiques nature-based activities due to the impossibility of guaranteeing monitoring and liability for reversals over centuries, noting that buffer pools are inadequate. Instead, it suggests nature-based activities generate "Paris Agreement Support Units" to channel finance without allowing offset claims.

Carbon Market Watch argues that Parties should prioritize domestic mitigation over carbon credits and recommends strict transparency, science-based definitions for removals, and the establishment of an independent grievance body for Article 6 mechanisms.

The evaluation assesses the performance of the Sumber Solar Power Plant (SPP) in Govisumber aimag, Mongolia. The project, funded by a USD 8.65 million GCF loan and USD 8.9 million in equity, was completed in 2018 and became operational in March 2019. The evaluation concludes that the programme's results were "Satisfactory," noting that the SPP reduced 29,722 tCO2eq of greenhouse gas emissions between 2019 and 2020 and produced 35,076 MWh of electricity. Despite the project's technical success and alignment with Mongolia's Nationally Determined Contribution (NDC) targets, the evaluation highlights shortcomings in gender mainstreaming and the lack of a formal Theory of Change. The programme closed prematurely in December 2020 due to the project developer refinancing the loan with a lower-interest arrangement from their co-investor.

The India E-Mobility Financing Program, submitted by Macquarie Alternative Assets Management Limited (MAAML), proposes a financing platform to decarbonize India's road transport sector. Requesting USD 200 million in equity from the Green Climate Fund (GCF) as first-loss capital, the program aims to mobilize a total of USD 2.1 billion, including USD 205 million from commercial investors and approximately USD 1.1 billion from debt markets. The platform will provide innovative financial solutions, such as operating and finance leases, targeting e-buses, shared four-wheeler fleets, and charging infrastructure to reduce high upfront costs and residual value risks. The program targets a lifetime reduction of 9.5 MtCO2e and the deployment of 115,000 new EVs and 10,500 charging stations. It includes comprehensive environmental, social, and gender action plans to ensure inclusive growth and safety in the transport sector.

The proposal seeks USD 399,901 over 24 months to address climate vulnerabilities in Argentina's Patagonian grasslands, which cover 750,000 km2 and support 200,000 rural inhabitants. The project aims to minimize the vulnerability of rural groups—specifically women-led households, Mapuche and Tehuelche indigenous peoples, and subsistence producers—by promoting regenerative livestock and wildlife management to reverse desertification and increase carbon sequestration. Key activities include conducting socio-economic and climate risk assessments for 10 selected vulnerable groups, creating a low-emission production strategy, and developing a formal GCF concept note to unlock larger-scale climate financing. The project will be implemented by the Corporación Andina de Fomento (CAF) with technical support from the Ministry of Science, Technology, and Innovation (MinCyT) and the National Agricultural Technology Institute (INTA).

The study analyzed Technology Action Plans from twenty-five countries to identify which innovation system functions are prioritized for clean energy technology diffusion. It found that countries primarily focus on resource mobilization and creating legitimacy, while entrepreneurial activity is less prioritized. The authors suggest that these innovation system indicators can help donors design more effective interventions to accelerate the adoption of climate mitigation technologies and support Nationally Determined Contributions.

The document explains the Global Stocktake (GST) as a mechanism of the Paris Agreement designed to assess collective progress on mitigation and adaptation to inform the updates of Nationally Determined Contributions (NDCs) every five years. It highlights the challenges of the 'learning-by-doing' approach and encourages developing countries to use their National Adaptation Plan (NAP) and Adaptation Communication (AdCom) processes, alongside monitoring, evaluation, and learning (MEL), to provide technical inputs to the GST.

The report identifies a range of urban mobility mitigation measures for Georgia, categorising them by mitigation potential, cost, and readiness. While 'low-hanging fruit' options exist in public transport and demand reduction, the report highlights significant financing barriers for municipalities, particularly smaller ones. It argues that the absence of a national transport coordinating entity hinders the flow of international finance and the development of necessary project appraisals.

The report reviews 42 NDCs to identify national priorities for advanced low-emission technologies. It finds that 14 jurisdictions include carbon capture, utilization and storage (CCUS), 16 include low-carbon hydrogen and ammonia, and 11 prioritize nuclear energy. The analysis highlights a mix of developed and developing nations seeking these technologies, with some relying on international financial and technological support for implementation.

The Global Stocktake (GST) is a five-year iterative cycle under the Paris Agreement designed to assess collective global progress in mitigation, adaptation, and finance. The process consists of three phases: Information Collection and Preparation, Technical Assessment, and Consideration of Outputs. For adaptation, the GST aims to establish a collective monitoring, evaluation, and learning (MEL) system to define adequate responses and recognize the efforts of developing countries. The document highlights that National Adaptation Plans (NAPs) and Adaptation Communications (AdComs) are primary data sources, but encourages the use of Voluntary Submissions to ensure sub-national actions and specific priorities are not lost during the Secretariat's synthesis process.

The document explains the Global Stocktake (GST) as a collective assessment of progress toward the Paris Agreement's goals, detailing its iterative cycle of information gathering, technical evaluation, and outcome review. It emphasizes the role of adaptation, highlighting the need for a global Monitoring, Evaluation, and Learning (MEL) system and the importance of inputs from developing nations through National Adaptation Plans (NAPs) and voluntary communications to drive global adaptation ambition.

The document explains the Global Stocktake (GST) as an iterative process to assess collective progress toward the Paris Agreement's goals. It details the three-stage cycle—information collection, technical assessment, and outcome review—and emphasizes how adaptation efforts, including National Adaptation Plans (NAPs) and Adaptation Communications (AdComs), inform the process. The briefing highlights the importance of national monitoring, evaluation, and learning (MEL) systems in providing high-quality data to the GST and encourages developing countries to use voluntary communications to ensure their priorities and subnational actions are represented.

The methodology evaluates carbon credits across seven quality objectives: robust GHG impact determination, avoidance of double counting, addressing non-permanence, facilitating the transition to net zero, institutional arrangements of the crediting program, environmental and social impacts, and host country ambition. It employs a standardized scoring system (1-5) using point systems and 'inverse weighing' to ensure that a low score in one critical criterion cannot be offset by high scores in others. The guide focuses on ex-post credits and provides detailed indicators for assessing additionality, vulnerability in collapsed markets, and the alignment of credits with the Paris Agreement's Article 6 and Nationally Determined Contributions (NDCs).

Uruguay's Country Programme to the GCF details the nation's commitment to a low-carbon, resilient economy. It identifies key vulnerabilities—particularly in agriculture and coastal zones—and sets mitigation targets for energy and food production. The document establishes the Ministry of Environment as the National Designated Authority and outlines a pipeline of projects focusing on e-mobility, coastal resilience, and REDD+, while pursuing GCF accreditation for the Corporación Nacional para el Desarrollo (CND) and Banco República Oriental del Uruguay (BROU).

Three separate lawsuits were filed in early 2022 against the Argentinian Ministry of Environment and Sustainable Development to stop offshore seismic testing by Equinor. These cases focus on the protection of the Southern Right Whale, the incompatibility of fossil fuel exploration with Argentina's Paris Agreement commitments and Nationally Determined Contribution (NDC), and violations of the Escazú Agreement regarding public participation and environmental information. The court combined these three lawsuits on January 14, 2022.

The report outlines Indonesia's need for USD 322.8 billion in climate-compatible infrastructure by 2030, focusing on renewable energy, low-carbon transport, sustainable water, and waste management. It highlights a significant financing gap and argues for the use of green bonds, blended finance, and de-risking mechanisms to attract private investment. The document also details the role of the SDG Indonesia One platform and the ASEAN Catalytic Green Finance Facility in bridging these gaps.