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The report assesses the transition plans of Enel, ENGIE, EPH, Iberdrola, and Statkraft, finding that none have committed to phasing out fossil gas by 2035 as recommended by the IEA. While Iberdrola and Statkraft demonstrate better practices in transitioning to sustainable power systems, Enel, ENGIE, and EPH continue to develop fossil gas-fired plants and lack coal phase-out plans based on absolute closures.

The analysis finds that none of the five examined electricity producers have a robust transition plan aligned with a 1.5°C limit, specifically lacking firm commitments to exit fossil gas by 2035. While Iberdrola and Statkraft show better practices and a shift toward sustainable energy, Enel, ENGIE, and EPH continue to develop gas plants and require coal exit plans focused on closures rather than sales to ensure absolute emission reductions.

In 2022, Starwood Energy Group (now Lotus Infrastructure) accelerated the retirement of the Logan (225 MW) and Chambers (285 MW) coal plants by 30 months, moving the date from 2024 to 2022. This was achieved through a three-part strategy: renegotiating Power Purchase Agreements (PPAs) with Atlantic City Electric (ACE), refinancing project debt with a $200 million loan from MetLife, and planning the redevelopment of the sites into grid-scale battery storage. The transaction resulted in an estimated reduction of 3.9 million tons of CO2 and saved ACE customers approximately $30 million.

Reclaim Finance, BankTrack, SteelWatch, and the Fair Steel Coalition have sent a letter to 21 banks that finance ArcelorMittal, the world's second-largest steel company. The coalition alerts these financiers to risks and adverse impacts documented in two reports: 'The Real Co$t of Steel', which details violence against environmental defenders and neglect of worker health in South Africa, Liberia, Mexico, and Brazil, and the 'ArcelorMittal Corporate Climate Assessment 2024', which finds the company is not aligned with a 1.5C scenario and is investing in coal-based steel production. The letter demands that banks require ArcelorMittal to publish concrete action plans, adopt a 1.5-aligned Climate Action Plan, and perform enhanced due diligence. Additionally, the coalition calls on banks to adopt sectoral policies to restrict financing for coal-based steelmaking, specifically ending services for new blast furnaces and the relining of existing ones.

A coalition of environmental organizations, including Greenpeace and Reclaim Finance, responded to the French Senate's inquiry into TotalEnergies. While they welcome the report's critical assessment of TotalEnergies' "climaticide" strategy and its expansion of fossil fuels, they argue that the 33 recommendations lack the binding measures necessary to align the company with the Paris Agreement. The associations specifically criticize the absence of super-profit taxation and the perceived weakness of the French state in regulating the multinational.

The report identifies a significant gap between global solar panel manufacturing capacity and projected deployment, resulting in 'spare' capacity of 3,837 GW between 2024 and 2030. Utilizing this surplus could enable the world to exceed the COP28 target of tripling renewable energy capacity by 2030, reaching 13,345 GW (a 21% excess). The document argues that deploying just one-seventh of this spare capacity could meet the electricity demand growth and extend basic energy access to the entire populations of 88 analyzed Global South countries. It highlights that 80-85% of manufacturing is based in China, where companies are already facing investment delays and layoffs due to under-deployment. The report suggests a 'win-win-win' scenario where China maintains its industry, Global South nations gain energy independence and access, and developed nations fulfill their climate finance responsibilities.

The Virtual Power Plant Flipbook provides a resource for utilities to implement VPPs—aggregations of distributed energy resources like batteries and electric vehicles—to enhance grid reliability and decarbonization. It offers case studies on various technologies, compensation frameworks, and partnership models to serve as a starting point for program managers and grid operators.

The briefing examines the challenges and opportunities of developing lithium in Sonora, Mexico. It highlights the tension between the global demand for clean energy minerals and the local risks of ecological damage and cartel co-option. The author criticizes the current state-led energy model, citing the debt of Pemex and the prioritization of carbon-intensive power, and suggests that Mexico should instead focus on moving up the value chain into refinement and battery production through international partnerships and stakeholder consultation.

The study evaluates four scenarios—Business-as-usual (BAU), Renewable Methane (REN-Methane), Renewable Hydrogen (REN-Hydrogen), and Cost Minimal (CM)—for the Baltic-Finland region. It finds that a 100% decarbonized gas supply is possible by 2040 under the CM scenario, which is also the most economically advantageous. The transition requires significant scaling of biomethane and renewable hydrogen, supported by substantial onshore and offshore wind capacity. The report recommends regional coordination on infrastructure, harmonized certification for low-carbon gases, and the potential banning of new fossil fuel boiler installations to meet 2050 net decarbonization goals.

The report evaluates pathways to decarbonise the Baltic-Finnish gas market, comparing a business-as-usual approach with renewable methane, renewable hydrogen, and cost-minimising scenarios. It finds that full decarbonisation by 2050 is possible, with the cost-minimising scenario offering the highest economic benefits, including a 44% reduction in total system costs and the creation of over 20,000 jobs. The analysis emphasises the critical role of onshore and offshore wind energy to power hydrogen production and suggests that existing LNG terminals can be repurposed for synthetic methane and bio-LNG. Key recommendations include regional integration of gas markets, harmonised certification for renewable gases, and the potential legal ban on connecting new buildings to the natural gas grid.

The report highlights a significant disparity in Canadian public finance, with crown corporations providing between CAD 7.6 billion and CAD 13.5 billion annually to fossil fuels (2020-2022) versus CAD 147 million for domestic renewable energy. It argues that Canada must implement a comprehensive policy this year to end all public finance for fossil fuels—including loans, equity, and insurance—to align with climate commitments and its upcoming G7 presidency.

In 2023, Hong Kong's aligned GSS+ debt volume grew by 236% to USD 18.2 billion, driven primarily by the HKSAR Government's green bond issuance. The market is characterized by a strong preference for green-themed debt, with low-carbon buildings and land use as the primary use-of-proceeds categories. While the HKSAR Government dominates the local market, the Hong Kong Stock Exchange remains a key hub for offshore Chinese green bonds. The report also highlights the emergence of transition finance frameworks in mainland China and the introduction of the Hong Kong Taxonomy for Sustainable Finance to improve interoperability with international standards.

The report evaluates Nigeria's strategy to expand LNG production to offset declining oil revenues, warning that such investments risk becoming stranded assets as global demand shifts toward clean energy after 2030. It highlights that while Nigeria is the world's sixth-largest LNG exporter, the sector has not significantly improved domestic energy access or reduced poverty, and continues to be linked to environmental degradation and social conflict in the Niger Delta.

The document analyzes the JET-P model as a mechanism to catalyze international and private investment for Colombia's energy transition. It highlights a significant funding gap, noting that public investment currently represents only 0.01% of required resources. By reviewing JET-P experiences in South Africa, Indonesia, Vietnam, and Senegal, the report identifies risks such as increased public debt and the need for transparent, community-led project design. It proposes prioritizing projects like energy communities and the phase-out of coal plants, while warning against financing fossil fuel infrastructure or inefficient consumption subsidies.

The report identifies a systemic network of financial support for Indonesia's coal industry, noting that between 2020 and 2023, at least IDR 163 trillion was disbursed to coal-related activities. It highlights the role of state-owned banks, particularly Bank Mandiri and Bank Rakyat Indonesia, as primary funders. The document argues that this financial support, combined with 'regulatory capture' and the influence of a wealthy elite (the 1%), creates a state of 'climate delay.' It specifically criticizes the OJK's updated green taxonomy for labeling certain coal-fired power plants as 'Green' or 'Transition,' which the authors characterize as greenwashing. The report also maps the ownership and political affiliations of seven major coal companies, linking them to politically exposed persons and individuals listed in Offshore Leaks.

The report identifies a systemic link between Indonesia's coal industry, political elites, and national banks, which continues to fund fossil fuel expansion despite global climate commitments.

Reclaim Finance criticizes a draft French decree that would allow employee savings plans to include funds with labels that do not strictly exclude fossil fuel expansion. The organization highlights that 84% of current employee savings funds invest in companies incompatible with the IEA's Net Zero Emissions scenario and urges the government to align all eligible labels—including CIES, Finansol, and Relance—with the stricter exclusion criteria of the ISR and Greenfin labels.

The We Mean Business Coalition welcomes the U.S. government's principles for high-integrity voluntary carbon markets, arguing that well-designed market mechanisms are essential for directing finance toward underfunded priorities like nature-based solutions. The author notes that nature-based solutions could provide 30% or more of the mitigation needed by 2030 but currently receive less than 10% of international climate finance. The document emphasizes that the U.S. approach aligns with the need for credible credits, public disclosure, and the prioritization of emission reductions within corporate value chains. It also highlights a decline in climate finance through voluntary carbon markets in 2023, which dropped by over $1 billion compared to 2022, urging other governments to follow the lead of the U.S., Colombia, and Singapore.

The We Mean Business Coalition welcomes the US Government's new principles for voluntary carbon markets (VCMs), asserting that high-integrity carbon credits are an integral part of a Paris-aligned solution. The Coalition emphasizes that VCMs should complement, not replace, the direct decarbonization of value chains, and should help direct finance toward nature-based solutions and the global south.

Carbon Market Watch calls for the Social Climate Fund to explicitly prohibit any investment in fossil fuel-based technologies, including 'low(er) carbon' alternatives like efficient gas boilers, to avoid locking low-income groups into long-term fossil fuel use and to prevent environmental degradation.