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The briefing establishes that fossil fuels are responsible for approximately 70% of carbon dioxide emissions since the industrial revolution, with a small number of companies contributing a disproportionate share. It highlights the role of attribution science in linking specific extreme weather events to climate change and details the growing trend of using the 'polluter pays' principle in litigation and legislation to hold these companies financially accountable. The document further argues that to meet the 1.5C target, global fossil fuel production must decrease significantly by 2030, supported by a transition to renewable energy and electric vehicles.

The report advocates for a transition from traditional cost-of-service regulation (COSR) to comprehensive performance-based regulation (PBR) to better align utility incentives with modern societal and environmental goals. It proposes a 'Four Pillars Model' consisting of incentivizing cost efficiency, removing throughput incentives, equalizing incentives for capital and operating expenses, and incentivizing targeted outcomes. The document includes an overview of PBR tools and uses Hawaii's framework as a case study for implementation.

The UK faces a capacity shortfall of approximately 22 GW to meet its 2030 offshore wind targets. While a pipeline of 93 GW exists, the report argues that the current Contracts for Difference (CfD) auction parameters and budgets are insufficient. It recommends a 25% increase in the AR6 auction budget to secure an additional 1 GW of capacity and suggests shifting the CfD focus from price competition to delivery scale to protect the UK from volatile gas markets.

The Social Climate Fund (SCF) is an EU initiative designed to alleviate energy and transport poverty resulting from the introduction of the ETS2 carbon pricing system for buildings and road transport. Operating from 2026 to 2032, the fund will provide approximately €86.7 billion in targeted support to EU member states, primarily for lower-income groups and micro-enterprises. Funding is allocated based on need, with Poland, France, Italy, Spain, and Romania receiving the largest shares. To access funds, member states must submit Social Climate Plans (SCPs) by June 2025, which must include impact assessments and decarbonisation strategies. While the SCF supports green investments and limited temporary income support, it is not intended to solve the root causes of existing energy and transport poverty.

The report argues that credible transition plans are essential to mitigate 'greenwashing' risks and attract diverse financing for the power sector's decarbonization. It highlights the prevalence of Sustainability-Linked Bonds (SLBs) in the power industry and provides a framework for developing transition plans and selecting appropriate financial instruments.

The report argues that for China's power sector to meet its 2030 peak emissions and 2060 carbon neutrality targets, electrical utilities must develop credible, science-based transition plans. These plans serve as the foundation for transition finance instruments, such as Use of Proceeds (UoP) bonds and sustainability-linked bonds (SLBs). While China is a major global issuer of SLBs, the report notes a lack of alignment with rigorous standards, as many domestic issuers focus on renewable energy capacity rather than comprehensive greenhouse gas (GHG) emission reduction targets. The document provides a framework for utilities to develop transition plans and select appropriate financial tools to support low-carbon development, including the retirement of coal assets and grid optimisation.

The report highlights that steel and cement are the largest industrial emitters, accounting for over 7% and 6% of global CO2 emissions in 2022. It argues that credible corporate transition plans are essential for unlocking private capital, particularly through sustainability-linked bonds (SLBs). An analysis of 20 companies reveals that while 90% have published transition plans, there is a significant lack of consistency in financing disclosure and a critical gap in concrete 'just transition' objectives. The document emphasizes that emerging markets will lead demand growth and hold the majority of coal-based blast furnace capacity requiring reinvestment by 2030, making international coordination and supportive public procurement policies vital for a credible transition.

The document analyzes the electrification needs of Manitoba, comparing Hydro-Manitoba's Integrated Resource Planning (IRP) with Navius Research modeling. It concludes that while electricity demand is expected to nearly double by 2050, the pace and method of electrification—particularly in heating—will determine the grid's cost and carbon intensity. The authors recommend a coordinated governance approach, including a permanent decision-level task force and a comprehensive carbon-neutral energy roadmap, to ensure the transition is affordable and inclusive of Indigenous peoples.

The policy brief outlines a framework for a production tax credit (PTC) to decarbonize industrial heat. It argues that the credit should target 'useful heat' used in manufacturing processes, be refundable to maximize investment efficiency, and utilize a rate based on heat temperature and power to account for varying technology costs. The author recommends excluding biomass and byproducts while focusing on scope 1 emissions to avoid complexity and ensure the policy targets industrial facilities rather than the electricity grid.

The policy brief proposes a technology-neutral emissions standard for industrial heat, focusing on a declining limit of CO2 and other pollutants per unit of useful heat. It recommends applying the standard to both new and existing equipment, using a long-term legislative schedule to reach zero emissions, and focusing exclusively on direct (scope 1) emissions to encourage electrification without penalizing efficient technologies like heat pumps.

The 2024 Global Steel Plant Tracker and Global Blast Furnace Tracker data show a growing momentum toward electric arc furnace (EAF) steelmaking, with 49% of capacity under development using this route. However, significant carbon lock-in risks persist as 308 mtpa of new coal-based blast furnace capacity is under development, primarily in Asia. India has surpassed China as the top overall steel developer, though China remains the largest operator of emissions-intensive capacity. While direct reduced iron (DRI) capacity is increasing, its climate impact depends on the transition to green hydrogen reducing agents, as much current capacity relies on methane or coal.

The document outlines a methodology for governments to identify 'critical' or 'strategic' minerals based on technical, economic, and geopolitical risks. It emphasizes that criticality is dynamic and varies depending on whether a country is a producer or a consumer. The guide proposes a four-step process: understanding criticality, conducting a risk inventory and mapping, making strategic decisions, and performing regular reviews. It provides detailed indicators across geological, economic, social, environmental, and geopolitical dimensions to help countries maximize the benefits of the energy and digital transitions.

The report finds that the DMRE has exhibited significant reluctance to lead South Africa's just energy transition (JET), often viewing it as a 'western imposition'. This resistance is rooted in the historical minerals-energy complex (MEC) and a desire to protect vested interests in the coal sector and black industrialist projects. The document highlights a lack of policy articulation, poor stakeholder engagement, and internal organizational incoherence caused by repeated mergers and splits. It recommends that the successor departments—Mineral and Petroleum Resources, and Electricity and Energy—improve transparency, update the Integrated Resource Plan (IRP) regularly, and align the transition with the post-apartheid racial transformation agenda.

The authors analyze the trend of rising defense budgets in EU and NATO member states following the 2022 invasion of Ukraine, noting that spending increases are uneven and unaligned. They argue that this lack of coordination risks worsening the fragmentation of the European defense industrial base, creating mismatches between industrial supply and operational needs, and undermining the concept of strategic autonomy. Furthermore, the paper highlights potential negative economic impacts, including the 'crowding out' of civilian industries and the diversion of funds from the green transition, specifically citing proposals to cut EU renewables funding to support military investments.

The report analyzes the financial support provided by 354 banks to the top 100 steelmakers, finding that $429 billion was provided between 2016 and June 2023. It highlights a critical gap between banks' climate commitments and their continued funding of coal-dependent blast furnace-basic oxygen furnace (BF-BOF) projects. The document argues that continuing to fund these assets creates significant stranded asset risks, estimated at $554 billion, and urges a shift toward green hydrogen direct reduced iron (DRI) and electric arc furnace (EAF) technologies.

The report examines the use of environmental attribute certificates (EACs) via a book and claim model to scale lower-carbon steel and concrete. It argues that this mechanism allows organizations to fund upstream decarbonization even when they cannot directly procure low-carbon materials. The authors identify critical infrastructure needs—including certification schemes, standards, registries, and reporting guidelines—and share lessons from a Microsoft pilot, noting that the market is currently in early stages with a lack of fit-for-purpose accounting methods.

The document highlights the risk of insufficient electricity generation during summer heat waves in North America, driven by projected peak load growth of 38 GW through 2028. It proposes Virtual Power Plants (VPPs)—aggregations of distributed energy resources (DERs)—as a key tool to enhance grid reliability and community resilience. VPPs are presented as more affordable than gas peakers or batteries and can be deployed in 6-12 months. The briefing outlines three essential policy principles: expanding the DER asset base, ensuring fair compensation, and enabling value stacking. Case studies from the US and Canada demonstrate VPPs' ability to provide peak capacity, reduce infrastructure costs, and offer backup power during extreme weather.

The report argues for a shift from centralized, fossil-fuel-dependent ammonia production to distributed green ammonia (DGA) in Minnesota. It identifies the state as a viable starting point for DGA due to its fertilizer consumption levels and high transportation costs, suggesting that successful implementation could influence the US Midwest and the rest of the United States.

The We Mean Business Coalition calls on the EU Council to prioritize a rapid transition from fossil fuels to clean energy in its 2024-2029 strategic agenda. The Coalition argues that fast decarbonization is essential for economic resilience and competitiveness, especially as the US and China invest heavily in clean energy. They advocate for a robust 2040 climate target of at least 90% emissions reductions and a holistic approach integrating climate, nature, society, and economy to achieve a climate-neutral and socially fair Europe.

The EU is attempting to increase domestic production of net-zero technologies through the Net-Zero Industry Act (NZIA) and other strategies to reduce dependencies on China and the US. However, the author contends that the EU lacks the necessary funding to meet its 2030 targets, such as producing 40 per cent of its installation needs domestically. The document highlights a conflict between 'frugal' member states and those seeking a European Sovereignty Fund, leading to a reliance on the Temporary Crisis and Transition Framework (TCTF). This framework allows national 'matching aid', which the author argues creates unfair competition between wealthy nations like Germany and France and smaller states like Belgium. The text further critiques the use of non-price criteria in procurement and trade defense instruments, such as the Foreign Subsidies Regulation (FSR), noting they can increase costs for taxpayers and slow decarbonization. The author concludes that targeted, conditional European-level subsidies are the only viable way to ensure a just and cohesive green transition.