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The text advocates for 'universal basic services'—publicly funded, sustainable access to essentials like transport, housing, and childcare—as a means to ensure a socially just ecological transition in Europe. It argues that current EU climate policies, such as the European Green Deal, are too reliant on market mechanisms and regulation, which can be regressive and disproportionately affect low-income households. The author contends that shifting from a GDP-centered growth model to one based on 'sufficiency' and collective action can reduce carbon intensity and combat inequality. To achieve this, the document calls for the removal of restrictive EU budgetary rules, the taxation of excess corporate profits and wealth, and a move away from using high interest rates to combat inflation, which the author claims hinders green investment.

The report assesses decarbonisation strategies for refineries across four major regions, focusing on Scope 1, 2, and 3 emissions. It evaluates technologies such as carbon capture, blue and green hydrogen, and the transition to biorefineries (specifically the HEFA process) or clean fuels facilities. Regional analysis shows that while the US and GCC benefit from cheap natural gas for blue hydrogen, Europe is trending toward green hydrogen imports and biorefinery revamps. Singapore's strategy is heavily influenced by its status as a global trading hub and its lack of domestic natural gas or carbon storage resources. The report concludes that energy efficiency projects are generally the most immediate and viable, while large-scale carbon capture and hydrogen transitions require significant policy support and infrastructure development to be economically feasible.

In 2023, the world's top six electricity sector emitters—China, the US, India, the EU, Russia, and Japan—accounted for approximately 72% of global emissions from this sector. China remains the largest emitter, though it leads the world in wind and solar growth. The US and EU have seen long-term emissions declines driven by the replacement of coal with gas and renewables. India's emissions continue to rise as demand growth outpaces clean energy additions. Russia's electricity mix remains largely unchanged over two decades, while Japan is seeing a recovery in nuclear generation and a significant increase in solar share, despite very low wind deployment.

In 2023, the share of renewables in the global electricity mix exceeded 30% for the first time, driven by record solar and wind generation. Despite this, total power sector emissions reached a record high of 14,153 million tonnes of CO2 because clean growth could not fully meet rising demand and was hampered by a record fall in hydropower. While carbon intensity hit a record low of 480 gCO2/kWh, fossil generation increased by 135 TWh, primarily in emerging economies like China and India where droughts reduced hydro output.

The report argues that achieving net-zero aviation emissions by 2050 requires a multi-fuel approach because sustainable biofuels alone cannot meet projected energy demands. It examines synthetic fuels (e-fuels) as a scalable drop-in solution, though currently expensive, and analyzes the potential of hydrogen and ammonia for regional and domestic flights. While electrification is limited to niche urban air mobility, the report suggests a 2050 fuel mix comprising 86% bio- and synthetic SAF and 14% zero-carbon fuels (hydrogen and ammonia) as a plausible path to decarbonization, provided there is massive scale-up of low-carbon hydrogen production and supportive policy frameworks.

The Clean Air Task Force proposes a two-step method for section 45V tax credits to prevent producers from losing top-tier credits due to brief periods of grid electricity use during maintenance or supply disruptions.

The report finds that Repsol's investment strategy prioritizes oil and gas and shareholder returns over renewable energy, with 2030 production targets projected to be 65% higher than those required for NZE alignment. While the company is diversifying into renewables and hydrogen, these remain marginal, with oil and gas expected to constitute over 70% of its energy mix by 2030. Additionally, the report notes that Repsol's scope 3 emission targets are less ambitious than its scope 1 and 2 targets, and its carbon intensity target for 2030 is 21.9% higher than the NZE.

The methodology focuses on indicators with a 2030 horizon to align with the Paris Agreement's 1.5°C goal. It evaluates companies across five main dimensions: current energy production (using a fossil fuel equivalence method to compare renewables and fossil fuels), cash-flow allocation (analyzing CAPEX for exploration versus low-carbon solutions), fossil fuel strategy (assessing upstream expansion and production overshoot relative to the IEA Net Zero Emissions scenario), diversification strategy (projecting 2030 energy mixes), and emission targets (calculating carbon intensity excess and reliance on CCUS and offsets). The analysis covers 6 European companies (BP, Eni, Equinor, Repsol, Shell, TotalEnergies), 2 US companies (Chevron, ExxonMobil), and 4 National Oil Companies (ADNOC, Petrobras, QatarEnergy, Saudi Aramco).

The Electrical Utilities Criteria establish requirements for the certification of electrical utilities and their debt instruments, focusing on a transition to net-zero emissions by 2050. The framework employs an entity-level approach to assess the decarbonisation of the entire electricity value chain, including generation, transmission, and distribution. Certification requires entities to meet a global emission intensity pathway and adhere to specific fossil fuel phase-out benchmarks, which vary between advanced and emerging economies. The criteria prohibit new investments in fossil fuel power generation and mandate a total phase-out of fossil fuel generation by 2040 at the latest. To support grid security, the criteria allow the replacement of coal with fossil gas under strict conditions, provided the entity maintains its emission intensity pathway and has a phase-out plan. Eligible mitigation measures for Use-of-Proceeds (UoP) bonds include retrofitting plants with carbon capture and storage (CCS), carbon capture utilisation and storage (CCUS), or cofiring with low-carbon synthetic fuels and biomass. Certification is available in two tiers: 'align' for those meeting the pathway at the time of certification, and 'transition' for those meeting it by the end of 2030.

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 guide outlines how to detect greenwashing by analyzing emissions data, target setting, and the use of controversial technologies. It emphasizes the importance of absolute emissions over intensity targets and warns against the over-reliance on carbon offsets, natural gas, and unproven carbon removal technologies.

The Clean Air Task Force and Pacific Environment argue that proposed LCFS amendments, including strengthened carbon intensity targets and the inclusion of intrastate aviation fuel, risk driving up demand for crop-based biofuels. They warn this could lead to increased greenhouse gas emissions from land use changes and disruptions to food markets. The authors recommend volume limits on first-generation vegetable oil-based fuels, annual market impact assessments, and extending sustainability requirements to used cooking oil and waste oils.

The policy brief examines how Low-Carbon Fuel Standards (LCFS) can complement federal hydrogen investments by directing clean hydrogen toward high-priority sectors. It analyzes existing programs in California, Oregon, and Washington, providing four lessons for other states: regulating intrastate aviation fuel to move beyond biogenic feedstocks, phasing in maritime fuel regulation, managing biogenic feedstock demand to prevent indirect land use change, and implementing rigorous emissions accounting to avoid loopholes for blue and grey hydrogen.

The Private Equity Stakeholder Project (PESP) supports the Oregon Treasury's proposed Net Zero plan for the Oregon Public Employees' Retirement Fund (OPERF), which aims for Net Zero by 2050 and a 60% reduction in emissions intensity by 2035. PESP highlights that Real Assets and Private Equity accounted for 46% of OPERF's emissions at the end of 2022 despite representing only 35% of assets. While praising the plan's exclusion of new commitments to fossil fuel focused private funds and its use of science-based metrics, PESP calls for accelerated timelines, clearer guidance for managers, and specific action regarding the Rio Grande LNG terminal project involving Global Infrastructure Partners.

A coalition of NGOs and research institutions advises the U.S. Department of Energy to implement a comprehensive transparency model for the Regional Clean Hydrogen Hubs Program. The recommendations focus on four key areas: enabling community engagement through the release of project sites and benefit plans; building program credibility by sharing selection hypotheses and funding details; evaluating long-term impacts via public reporting of climate and environmental data; and fostering market development by sharing technical specifications and lessons learned from both successful and failed projects.

The report identifies methane emissions from the oil and gas sector as a critical near-term climate risk and opportunity. It proposes a strategic framework based on emissions visibility, policy action, market activation, and accountability to drive the industry toward 'near-zero' leakage. Key recommendations include the adoption of low-methane procurement standards by governments and utilities, the use of third-party certifications like MiQ, and the implementation of policies to plug marginal wells. The document highlights recent regulatory moves in the U.S. and EU, and international initiatives like the MMRV and CLEAN frameworks, as essential steps to tip global gas markets toward low-emissions supplies.

The document critiques the European Central Bank's (ECB) planned update to the Eurosystem Collateral Framework, arguing that simply addressing risks is insufficient. It advocates for a precautionary approach that includes excluding developers of new fossil fuel projects and applying haircuts to eligible assets based on a company's carbon intensity.

The document criticizes the current Eurosystem Collateral Framework (ESCF) for its 'carbon bias,' which allows assets from high-carbon companies to be disproportionately eligible and benefit from lower haircuts. It argues that the ECB's risk-focused approach is insufficient for addressing long-term climate risks and advocates for a precautionary approach. Specifically, it calls for the exclusion of assets from fossil fuel developers and the use of climate metrics and activity-based assessments to determine haircuts, asserting that these measures would not impair the ECB's ability to provide credit to banks.