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The report argues that CCS is essential for the EU to reach climate neutrality by 2050, noting that current deployment rates are far below required levels and that no operational CO2 storage sites currently exist within the EU. It recommends setting clear deployment targets for CCS, DACCS, and BECCS, and establishing a strategic plan to distribute storage basins across the region by 2035 to avoid over-reliance on the North Sea. To address financial barriers, the author suggests coordinating funding, using carbon contracts for difference (CfDs), and creating a dedicated tender for capture capacity. The report also emphasizes the need for a common regulatory framework for cross-border CO2 transport, the creation of an aggregation platform to match CO2 sources with sinks, and the development of market demand for near-zero carbon products. Finally, it advocates for the prioritization of permanent industrial carbon removals (DACCS and BECCS) and their gradual integration into compliance markets like the EU ETS, provided robust standards and monitoring are in place.

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.

The document discusses the role of municipalities in maintaining carbon sinks, noting that in forested countries like Finland, Norway, and Sweden, this is complicated by the desire to use wood to replace fossil fuels. It argues that while formal policy instruments to prevent forest conversion are under-developed, local governments can lead through voluntary actions and land-use influence.

The report concludes that all analyzed policy frameworks are inadequate for the robust deployment of carbon dioxide removals (CDR). Most frameworks fail to establish a clear firewall between emissions reductions and removals, often treating them as interchangeable through offsetting mechanisms. Key deficiencies include the absence of legally binding, separate CDR targets, the lack of a robust definition of CDR that ensures long-term permanence, and insufficient monitoring, reporting, and verification (MRV) systems. The authors recommend that CDR be strictly defined as a secondary climate function to balance residual emissions, supported by dedicated legal targets and rigorous accounting to prevent 'mitigation deterrence'.

Carbon Market Watch advocates for a legally binding EU target of over 90% gross emissions cuts by 2040 to achieve domestic net zero. The organization argues for 'turbo charging' the EU ETS by increasing linear reduction factors, phasing out free allowances by 2030 in favor of the Carbon Border Adjustment Mechanism (CBAM), and keeping carbon removals strictly separate from the ETS to avoid offsetting and ensure deep decarbonization. It also calls for the expansion of the ETS to full scope for aviation and shipping and the use of auctioning revenues for transparent climate projects.

The Kenya Energy Transition & Investment Plan (ETIP) 2023-2050 outlines a pathway to Net Zero emissions by 2050, requiring approximately USD 600 billion in capital investment. The plan emphasizes an 'Orderly Transition' anchored by six key technologies: renewables, low-carbon hydrogen, battery electric vehicles, clean cooking, carbon capture and storage (CCS), and negative-emission solutions. Key sectoral shifts include a 20-fold increase in power demand met primarily by solar and wind, the total phase-out of fossil-fuel motorcycles by 2045, and a transition from traditional biomass to electric and improved biomass cooking. The transition is projected to create 500,000 net new jobs and reduce domestic oil and gas consumption by approximately 94% compared to a business-as-usual scenario.

The report finds that most EU Member States cannot reach climate neutrality through natural sinks alone, with only Spain, Finland, and Sweden projected to have sinks of the necessary magnitude by 2050. While forestry is the primary focus of natural removals, there is a significant lack of attention to sink stability and other land-use categories. Technological solutions are discussed, with a clear preference for Carbon Capture and Storage/Utilization (CCS/CCU) over Bioenergy with Carbon Capture and Storage (BECCS) and Direct Air Capture (DAC), though distinctions between these technologies are often blurred in national strategies.

The assessment finds that while Estonia, Latvia, and Lithuania all commit to climate neutrality by 2050, their strategies are largely aspirational and lack the rigorous sectoral modelling, investment analysis, and socioeconomic impact assessments required by EU regulations. Lithuania's strategy is the most recent and detailed regarding targets, while Latvia's is the most legible. Estonia's original LTS is outdated and brief, though supplemented by the broader 'Eesti 2035' plan. Common regional weaknesses include a lack of integrated financial planning and insufficient detail on a 'just transition,' particularly for Estonia's oil-shale region. The report recommends structural harmonisation, comprehensive sectoral modelling, and increased regional collaboration to enhance energy security and achieve decarbonisation goals.

The report finds that while Estonia's total greenhouse gas emissions fell from 18,687.4 kt CO2e in 2018 to 11,555.8 kt CO2e in 2020, significant gaps remain across all sectors to reach 2050 neutrality. The energy sector shows a positive trend in renewables, but wind capacity investment is lagging. The buildings sector lacks incentives for non-residential renovations, which are identified as highly cost-efficient. The LULUCF sector transitioned from a carbon sink to an emitting sector in 2020. Transport emissions are decreasing, but a modal shift toward public transport and cycling has not been achieved. Agriculture emissions continue to rise slowly, and the sector faces limited reduction potential without impacting food production. The report highlights the contradiction of government support for a new shale oil refinery, which is viewed as a step away from climate neutrality.

The document details a series of European Commission proposals to meet 'Fit for 55' objectives, including stricter CO2 standards for vehicles, the creation of a Carbon Border Adjustment Mechanism (CBAM), and revisions to the EU Emissions Trading System (EU ETS) and Effort Sharing Regulation (ESR). It also describes the Social Climate Fund (SCF) to mitigate social impacts of emissions trading in buildings and transport, and updated LULUCF targets for carbon removals. Finally, it explains the EU's co-decision legislative process involving the Commission, Parliament, and Council.

The document details EU member state reactions to the proposed extension of the Emission Trading System (ETS) to road transport and buildings (RTB). While many delegations support the measure to meet the -55% emission target by 2030, significant concerns persist regarding socio-economic impacts on vulnerable groups, the sufficiency of the Social Climate Fund (SCF), and the timing of implementation. The briefing also notes discussions on the Effort Sharing Regulation, LULUCF targets, and CO2 standards for vehicles.

The document outlines a 24-month, USD 599,908 project to advance fire management in Guatemala by transitioning from a reactive suppression model to a proactive, traditional fire management (TFM) approach. It aims to create a permanent national coordination mechanism, develop a GCF Project Concept Note for an ER TFM sector, and implement satellite-based Monitoring, Reporting, and Verification (MRV) tools based on Australian models. The initiative focuses on leveraging indigenous knowledge, particularly from the Maya population, to implement early dry season burning to prevent high-intensity late-season wildfires, thereby reducing GHG emissions in the land-use, land-use change, and forestry (LULUCF) sector.

The Climate Action Tracker (CAT) 2021 rating methodology employs a dual-framework approach, combining 'fair share' principles and 'modelled domestic pathways' to assess government climate action. It evaluates targets (domestic and international), implemented policies, and climate finance to determine an overall rating. The system distinguishes between developed countries, which are expected to provide finance and meet stringent domestic targets, and developing countries, which may require international support to achieve full decarbonisation. The methodology specifically excludes land use, land-use change, and forestry (LULUCF) from main ratings but flags them when they significantly impact a country's emissions profile.

The report finds that current G20 commitments put the world on a trajectory for 2.4°C of warming by 2100. While announced but non-formalised pledges could lower this to 2.1°C, only an 'enhanced ambition' scenario—where all G20 members align 2030 targets with 1.5°C pathways and commit to mid-century net zero—could limit warming to 1.7°C. The authors argue that G20 countries, accounting for 75% of global emissions, are uniquely positioned to close three-quarters of the temperature gap, provided they accelerate near-term action and developed nations ramp up financial support to developing countries.

Carbon Market Watch critiques the TSVCM's objective of scaling the voluntary carbon market (VCM), arguing that growth should not be the primary goal and that financial speculation through secondary markets and futures contracts does not benefit the climate. The organization emphasizes the need for a truly independent governance body, free from industry associations and conflicts of interest, and calls for more rigorous Core Carbon Principles (CCPs). Key recommendations include excluding ex-ante and retroactive crediting, requiring a minimum permanence timeframe of at least 100 years, and ensuring that credits used for offsetting include corresponding adjustments to national reporting to avoid double claiming.

The QGasSP project is developing an open-source, browser-based tool to quantify greenhouse gas (GHG) emissions related to spatial planning, focusing on building energy use, transportation, and land use change. The tool employs two distinct frameworks: a territorial approach for monitoring direct emissions within a specific area and a consumption-based approach using a tiered hybrid Life Cycle Assessment (LCA) method to enable cross-regional comparisons by tracking global supply chain emissions. To ensure accuracy, the tool combines top-down European datasets (e.g., Eurostat, Exiobase) with bottom-up local data. The report details baseline analyses for four pilot areas—County Meath (Ireland), Rathlin Island (Northern Ireland), Kymenlaakso region (Finland), and the City of Edinburgh (Scotland)—to test the tool's applicability across different urban types and planning scales. The authors conclude that while European datasets provide indicative results, local data is essential for reliable planning, and they suggest that future integration with urban digital twins could further enhance GHG quantification.

The report criticizes the EU's REDII sustainability criteria for forest biomass, arguing that they prioritize legal formality over actual ecological sustainability. It contends that the criteria allow destructive forestry practices to continue by equating the existence of national laws with sustainability, while failing to provide rigorous verification mechanisms or incorporate NGO evidence. Through five case studies in Canada, Estonia, France, Portugal, and Finland, the document demonstrates that current rules would not prevent the logging of old-growth or high-nature-value forests for energy production.

The QGasSP project seeks to create a standardised, modular, and open-source tool to help national, regional, and local planning authorities quantify how spatial planning decisions affect greenhouse gas (GHG) emissions. The methodology focuses on three primary sectors: building energy use, transportation and infrastructure, and land use change and forestry (LULUCF). To ensure pan-European applicability, the tool will employ a hierarchical data structure, allowing users to start with European averages and refine results with national or local data. The project integrates this quantification process into the Strategic Environmental Assessment (SEA) framework to support evidence-based climate mitigation. The tool's effectiveness will be tested through four pilot case studies in Ireland (County Meath), Northern Ireland (Rathlin Island), Finland (Kymenlaakso region), and Scotland (Edinburgh).

The Climate Action Tracker (CAT) reports that a wave of net zero pledges from 127 countries could reduce projected warming by 2100 to as low as 2.1°C. However, current policies still put the world on a trajectory of 2.9°C, and a significant emissions gap remains for 2030.

The proposal seeks USD 800,000 over 24 months to enable Panama to access GCF climate finance for the forestry sector. It focuses on completing the four pillars of the Warsaw Framework for REDD+, updating Forest Reference Emission Levels (FREL), and finalizing the National REDD+ Strategy. Key activities include establishing a coordination mechanism for Measuring, Reporting, and Verifying (MRV) systems, developing a summary of safeguards, and creating two project concept notes for GCF funding. The project will be implemented by the FAO under the leadership of Panama's Ministry of Environment.