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This briefing by RMI analyzes the state of the global coal transition in 2022, highlighting a contradiction where coal emissions are poised to break records while retired and canceled coal capacity also hit record levels. The document focuses on the emergence of Coal Transition Mechanisms (CTMs) and Just Energy Transition Partnerships (JETPs) as critical financial levers to accelerate the shift from coal to clean energy, particularly in South Africa, Indonesia, and Vietnam.

This policy brief by RMI argues that the Build Back Better Act could be made more effective by allowing regulated utilities to opt out of 'tax normalization' requirements for stand-alone battery storage and transmission projects eligible for the Investment Tax Credit (ITC). While the bill introduces positive changes such as direct pay and the option for solar developers to use the Production Tax Credit (PTC), the author contends that current normalization rules force utilities to retain some ITC benefits for shareholders rather than passing them to customers, thereby increasing costs and disincentivizing the deployment of critical grid infrastructure.

The Rocky Mountain Institute (RMI) proposes four specific policy programs for US policymakers to integrate into economic stimulus packages to foster a zero-carbon recovery following the COVID-19 pandemic.