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A coalition of over 30 Canadian businesses, unions, and research organizations is urging the government to accelerate the transition to a carbon-neutral electricity grid by 2035. The signatories argue that clean electricity is essential for attracting global investment, supporting low-carbon industrial production (such as steel and batteries), and reducing energy costs for households through technologies like heat pumps and electric vehicles. While noting that Canada's electricity is already 83% clean, the letter emphasizes the need for reliable and competitively priced carbon-neutral grids to avoid losing jobs and investments to the United States, which shares the same goal.

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.

The document argues that clean electricity is essential for Canada to reach its climate targets, noting that switching from fossil fuels to clean electricity alone could contribute 37 per cent toward the 2050 net zero goal. It highlights that Canadians are projected to spend 12 per cent less on energy by 2050 due to the efficiency of electric vehicles and heat pumps. The text asserts that a net zero electricity grid by 2035 is achievable and necessary for economic competitiveness, particularly relative to the United States. Furthermore, it notes that the federal government has allocated over $30 billion to support provinces and territories in upgrading grids, with solar and wind already being competitive or cheaper than natural gas in Alberta and Ontario.

The report identifies a gap between Indonesia's international climate pledges and its domestic energy policies, which continue to favor coal. It highlights a governance model characterized by sectoral silos, informal decision-making influenced by politically exposed persons (PEPs) from the coal sector, and significant financing shortfalls for renewable energy.

Between 2015 and 2021, Indonesia's power sector tracked USD 35.6 billion in finance, with 58% allocated to renewable energy. While RE finance trended upward after 2016, it faced a setback in 2020 due to COVID-19 and the Omnibus Law. To reach the 2060 NZE target, Indonesia requires USD 16.1 billion in annual financing, leaving a current annual gap of USD 13.1 billion, most notably in solar and wind power.

Nepal is highly vulnerable to climate change, facing increasing frequencies of floods, landslides, and droughts. The government aims for net-zero emissions by 2045 and net-negative emissions by 2050. To achieve this, Nepal has developed a GCF country programme featuring a pipeline of 14 projects focusing on e-mobility, climate-resilient agriculture, and watershed management. The document details the institutional arrangements for GCF engagement, including the role of the Ministry of Finance as the National Designated Authority, and identifies significant financing gaps, estimating a need for USD 49.4 billion by 2030 to meet NDC and NAP targets.

China is experiencing a significant increase in coal power capacity, with 37 GW starting construction and 52 GW permitted in the first half of 2023. The report argues that most of these projects violate central government policies intended to limit coal to a supporting role for renewables, instead serving as bulk power generation. This trend, driven by energy security concerns and a desire to maximize carbon-intensive capacity before the 2030 peaking deadline, risks creating massive overcapacity and undermining China's carbon neutrality goals.

The report highlights that AFOLU emissions account for 46% of total emissions in Latin America, primarily due to livestock and commodity agriculture. It argues that while significant investment enters the region, very little is directed toward sustainable alternatives. The document advocates for redirecting foreign capital and public support toward innovative solutions such as alternative proteins and biochar to meet climate and development goals.

The Canadian Climate Institute argues that for Canada to meet its net-zero goals, the oil and gas sector requires transformational investment. It proposes a two-tier requirement system for the federal government's Sustainable Finance Action Council (SFAC) climate investment taxonomy: company-level net-zero targets and project-level emissions-intensity benchmarks. Specifically, it argues that "transition" labels should only apply to projects that reduce emissions from existing production, as 1.5°C pathways necessitate "no investments in new production."

Iberdrola is implementing a just transition strategy focused on decarbonizing the economy while supporting affected workers and communities. The company has closed all its coal plants and is investing heavily in renewables, with planned expenditures of €47 billion from 2023-2025 and €65-75 billion between 2026 and 2030. Key initiatives include the Exiom-Iberdrola Alliance in Spain to manufacture photovoltaic modules, the School of Electricians for Women in Brazil, and collaborations with UNICEF to promote green employment in Spain, Brazil, and Somalia. Iberdrola also advocates for a just transition through international pledges and was the first company to share its Climate Transition Plan for net zero emissions before 2040 with the UN.

The Canadian Climate Institute suggests that the federal government use the estimated $25.7 billion clean electricity investment tax credit as leverage to incentivize provincial grid modernization. The proposed conditions include mandating independent pathway assessments, updating the mandates of public utilities and regulators to include carbon neutrality, developing formal energy vision documents, and participating in inter-provincial information exchange. The author argues this approach stimulates systemic change while respecting provincial jurisdiction over electricity.

Ember argues that Australia's coal mine methane emissions are significantly under-reported and that the current Safeguard Mechanism is insufficient to drive necessary reductions. The report recommends a 78% reduction in coal mine methane by 2030-2035, achieved through a combination of onsite mitigation and a phaseout of thermal coal mining. To support this, Ember urges the Climate Change Authority to implement a national methane action plan, establish a standalone methane reduction target in the next Nationally Determined Contribution, and overhaul the National Greenhouse and Energy Reporting (NGER) framework to replace generic emission factors with direct, site-specific measurements.

The document highlights that national budgets in developing and emerging economies are insufficient for deep emission reductions due to high debt distress. It asserts that developed countries must lead by providing finance, technology, and knowledge transfer under the principle of common but differentiated responsibilities (CBDR). The paper introduces nine exploratory principles to scale ambition and facilitate just transitions, recommending a bottom-up approach to articulating finance needs rooted in national priorities and the development of shared goals for international climate finance.

The 2022 Hong Kong GSS+ market saw a decline in bond volumes from local issuers due to macroeconomic pressures, but significant growth in debt arranged within the territory, totaling USD 80.5bn. The HKSAR Government remains a regional leader in green bond issuance, while the city continues to serve as a primary offshore financing platform for Mainland China's decarbonisation efforts.

The report argues that federal funding from Budget 2023 can help provinces modernize electricity grids and reduce the cost of transitioning to net zero. While electricity rates may rise modestly, the shift to more efficient electric technologies like heat pumps and electric vehicles is projected to lower average household energy spending by 12% by 2050. The authors emphasize that provinces should adopt targeted policy tools, such as means-tested fixed charges, to ensure energy affordability for low- and middle-income households.

The report argues that federal investments in clean electricity will lower overall energy expenses for Canadians by 2050, despite modest increases in electricity rates, provided that provinces implement targeted affordability measures for low-income households.

The report argues that current NDCs and financial frameworks are insufficient to reach net-zero emissions, particularly in developing and emerging economies facing high debt. It proposes nine principles for international climate finance, emphasizing that developed countries must scale up support based on common but differentiated responsibilities (CBDR). Key recommendations include adopting bottom-up, sector-specific finance needs, utilizing innovative mechanisms like debt-for-climate swaps, and aligning finance with national policy processes to avoid carbon lock-ins. The report highlights the importance of 'just transitions' and the synergy between mitigation, adaptation, and loss and damage funding.

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.

China has established global leadership in renewable energy, with utility-scale solar capacity of 228 GW and wind capacity exceeding 310 GW as of Q1 2023. The country is pursuing an ambitious target of over 1,200 GW of combined wind and solar capacity by 2030, supported by the '14th Five-Year Plan' and the development of massive 'wind-solar bases' in desert regions. While integrating these sources through ultra-high voltage (UHV) transmission and new energy storage technologies, China continues to utilize coal-fired power as a 'bottom-line' guarantee for grid stability, which may hinder the complete phase-out of fossil fuels.

China has established itself as the global leader in renewable energy, with operating large utility-scale solar capacity of 228 GW and combined wind capacity exceeding 310 GW. The country is pursuing a strategy of 'mega wind and solar bases' in its northern and northwestern deserts to meet a central government target of 1,200 GW of cumulative capacity by 2030, a goal it is likely to surpass by 2025. This expansion is driven by a combination of historical feed-in tariffs, favorable financing from state-owned banks, and strict provincial targets. However, the report notes that new renewables bases are often bundled with new coal-fired power plants to manage intermittency, potentially hindering the phase-out of fossil fuels. To address volatility, China is implementing 'source-grid-load-storage' integration, expanding new energy storage, and developing green hydrogen production.