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Reclaim Finance finds that Shell's investment strategy prioritizes oil and gas expansion and shareholder returns over renewable energy, leading to production levels and LNG capacities that significantly exceed NZE requirements by 2030. The report notes that Shell has reduced its carbon intensity targets and relies heavily on unproven carbon capture and offsets, while its renewable energy growth remains marginal compared to its fossil fuel output.

The Electrical Utilities Criteria provide a framework for certifying entities and debt instruments based on their emission intensity and transition pathways. It defines specific thresholds for existing and new capacity across various technologies, including fossil fuels and renewables, while integrating cross-cutting requirements for carbon capture, hydrogen, and bioenergy. The criteria also mandate adaptation and resilience risk assessments to ensure long-term operational viability under climate change.

The document defines the technical requirements for electrical utilities to achieve certification, focusing on a transition pathway to net-zero emissions by 2040. It sets specific greenhouse gas (GHG) emission intensity thresholds (gCO2/kWh) for existing and new capacity, mandates the phase-out of unabated fossil fuel plants, and provides guidelines for low-carbon technologies such as CCS/CCUS, hydrogen co-firing, and bioenergy. It also includes requirements for climate adaptation and resilience risk assessments.

The report establishes a framework for certifying electrical utilities and their debt instruments based on their alignment with a 1.5-degree warming scenario. It defines a global emission intensity transition pathway based on IEA Net Zero (NZE) 2023 data, requiring utilities to reduce carbon intensity from 460 gCO2/kWh in 2025 to 0 by 2050. The criteria distinguish between existing capacity, which may be retrofitted with carbon capture or low-carbon co-firing, and new capacity, for which no new fossil fuel investments are eligible. It also sets specific non-combustion emission thresholds for hydropower, geothermal, and bioenergy, and incorporates EU Taxonomy standards for CO2 transport and methane leakages.

The document argues that treating wood burning as renewable energy has led to forest degradation, high CO2 emissions, and public health risks. It outlines the legal requirements of RED III and urges Member States to use their discretion to phase out biomass subsidies, implement the cascading principle, and adopt stricter sustainability criteria to protect European forests and the climate.

The 2023 wildfire season in Canada, which burned 19 million hectares, highlighted the vulnerability of the forestry industry, which represents 1.7% of Canada's GDP. Climate change is expected to increase the frequency and intensity of fires, potentially leading to a loss of 4 billion dollars in export revenues and 32,000 jobs by the end of the century if no action is taken. The document recommends a coordinated approach involving government and industry to enhance resilience through diversified reforestation, active forest management—including Indigenous-led controlled burning—and the expansion of bioenergy to reduce forest fuel loads.

Trend Asia criticizes the 2024 vice-presidential candidates for offering technical 'gimmicks' rather than substantive solutions for grassroots issues. The organization argues that the candidates' visions for energy transition and sustainable development remain rooted in extractivism, ignore the legal and social vulnerabilities of local communities, and rely on 'false solutions' like CCUS and geothermal energy while failing to address the structural causes of the climate crisis and the harms of the coal industry.

The document explores the role of advanced bioenergy systems in decarbonizing agriculture, emphasizing a 'carbon-negative circular bioeconomy' that combines emissions reductions with permanent carbon dioxide removal (CDR). It identifies opportunities such as utilizing biogenic point sources, growing perennials on underutilized land, and replacing synthetic nitrogen fertilizers. However, it warns of risks including methane leakage from anaerobic digesters, detrimental land-use changes, and environmental justice concerns. The report argues for policy shifts that prioritize CDR over simple energy production and calls for increased research, development, and demonstration (RD&D) to scale cellulosic bioenergy technologies.

The report analyzes Ghana's efforts to transition to a low-carbon economy, focusing on the National Energy Transition Framework (NETF) and updated Nationally Determined Contributions (NDCs). While official goals align with international standards and stakeholder expectations for green job creation and sustainability, significant gaps exist. These include a contradiction between renewable energy goals and continued fossil fuel investments, such as a $12 billion oil refinery deal. Key barriers include a public debt level of 83.60% of GDP, regulatory inconsistencies, and an outdated power grid. The report recommends that the UNFCCC's Just Transition Work Programme (JTWP) provide support in policy reform, financial mobilization, and technology transfer to help Ghana achieve net-zero energy-related emissions by 2060.

The report analyzes the current state of transatlantic industrial decarbonization policies, identifying a significant divergence between the EU's regulatory-led approach and the US's subsidy-driven model. It argues that while high-level negotiations on carbon pricing (such as GASSA) have stalled, there is substantial opportunity for cooperation through 'softer' market functions, including R&D, green public procurement, and the harmonization of technical standards. The document provides a detailed SWOT analysis of various policy instruments and technology-specific areas, recommending the creation of dedicated dialogue platforms and innovation hubs to foster a globally interoperable clean economy.

In 2023, renewables reached a record 30% of global electricity generation, driven by solar and wind. Despite this, global power sector emissions rose by 1% to a record 14,153 million tonnes of CO2, as severe droughts caused a five-year low in hydropower, forcing a reliance on coal in countries like China and India. Solar was the fastest-growing source for the 19th consecutive year, while OECD countries continued to see falling emissions. Ember forecasts that 2023 marked the peak of power sector emissions, with a decline expected in 2024 as clean generation growth is projected to outpace electricity demand.

The Energy Progress Report 2024 reveals that the world is not on track to achieve any of the 2030 targets for SDG 7. While 91% of the global population has electricity access, progress reversed in 2022, leaving 685.2 million people without power, with 83% of the deficit in Sub-Saharan Africa. Clean cooking access stands at 74%, but 2.1 billion people still rely on polluting fuels. Renewable energy's share in total final energy consumption was 18.7% in 2021, and global energy intensity improved by only 0.8% in 2021, far below the 2.6% target. International public financial flows to developing countries rebounded to USD 15.4 billion in 2022 but remain well below the 2016 peak of USD 28.5 billion.

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.

The report outlines the development of certification criteria for electrical utilities to ensure their financing aligns with the Paris Agreement. It establishes a global emissions intensity transition pathway based on the IEA Net Zero Emissions (NZE) by 2050 scenario, targeting near-zero emissions for the power sector by 2040. The criteria distinguish between existing capacity, which must follow phase-out or retrofitting benchmarks, and new capacity, which must be low-carbon as no new fossil fuel plants are eligible. It also details specific thresholds for non-combustion emissions in hydropower, geothermal, and bioenergy, and sets requirements for decarbonization measures like Carbon Capture and Storage (CCS) and hydrogen co-firing.

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.

The Brazilian sustainable debt market reached USD 33.3bn by H1 2023, with green bonds dominating at 45.2%. Within the agriculture sector, forestry is the most financed land-use category, followed by agriculture and bioenergy. The report highlights the role of sustainability-linked bonds (SLBs) for hard-to-abate sectors and recommends government guarantees and a national taxonomy to scale GSS+ financing.

Indonesian NGOs and international think tanks are calling on global fashion brands to stop using biomass as a 'low carbon' alternative to fossil fuels. They argue that biomass leads to deforestation, violates indigenous rights, and produces high emissions, specifically citing the risks to the Leuser ecosystem and the flaws in carbon accounting used by the Indonesian government and companies like H&M, Puma, Adidas, and Inditex.

Between 2015 and 2020, climate finance for land use in Brazil averaged US$ 6.6 billion per year, dominated by domestic private finance and rural credit. While the crop sector was the primary recipient, the report highlights a significant gap in the proportion of total rural credit that is climate-aligned and notes a decline in public budget allocations for the forest sector.

Between 2015 and 2020, climate finance for land use in Brazil's financial market relied on thematic bonds, BNDES low-cost credit, and CBIOs. Thematic bonds averaged US$ 1.0 billion per year, primarily benefiting the forest sector, while BNDES provided US$ 242 million per year in low-cost credit, mostly for bioenergy. CBIOs, introduced via RenovaBio, saw US$ 126 million traded in 2020. Tracking these flows is hindered by a lack of standardized project-level disclosure in the private market.

The report provides a comprehensive mapping of climate finance for land use in Brazil from 2015 to 2020, identifying an average annual flow of R$ 25.1 billion. It details the roles of domestic and international sources, the prevalence of rural credit as a primary instrument, and the distribution of funds across sectors such as agriculture and forestry. The analysis highlights a significant growth in thematic bonds and a heavy reliance on domestic private resources mobilized by public policies, while noting gaps in international funding and transparency regarding final beneficiaries.