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The Union of Concerned Scientists and EV Noire argue that Clean Fuel Standards (CFS) can provide critical financial support for transportation electrification by setting declining carbon intensity standards for fuels. Using examples from California and Oregon, the briefing emphasizes that while CFS are technology-neutral, they can enable broader goals like zero-emission bus fleets and equitable EV access if paired with strong oversight, public engagement, and safeguards against harmful fuel pathways.

ClientEarth is pursuing a 'world-first' derivative action against Shell's Board of Directors, arguing that the Board has breached its legal duties under the UK Companies Act by failing to properly prepare the company for the net zero transition. ClientEarth asserts that Shell's current climate strategy is insufficient, noting that its net zero target is not reflected in budgets and that its 'Energy Transition Strategy' focuses on 'carbon intensity' rather than absolute emissions reductions. The litigation seeks to compel the Board to align Shell's strategy with the Paris Agreement to protect the company's long-term commercial viability.

The document analyzes India's power sector financing between 2013 and 2019, noting that while utility-scale renewables dominate tracked commitments, continued investment in coal-fired power remains a significant barrier to Paris Agreement alignment. It highlights the risk of stranded assets in the thermal sector and recommends a shift toward green bonds, improved transmission infrastructure, and the accelerated decommissioning of old coal plants to meet 2030 climate targets.

The document examines India's power sector financing between 2013 and 2019, noting that while utility-scale renewables dominate tracked commitments, continued investment in coal-fired power creates significant misalignment with Paris Agreement temperature goals. It highlights the risk of stranded assets in the thermal sector and proposes innovative financial mechanisms, such as green bonds and foreign exchange hedges, to accelerate the energy transition.

The document provides a detailed table and supplementary notes on fossil fuel companies, tracking their emissions intensity pathways against 1.5°C and 2°C targets. It highlights that many major companies, including BP, Chevron, and Saudi Aramco, have emissions intensity pathways outside the 2°C target. The report also identifies companies with interests in tar sands, such as ExxonMobil and Royal Dutch Shell, and notes that the SBTi stopped accepting commitments from fossil fuel companies in March 2022. Additionally, it documents environmental disasters, corruption allegations, and disinformation campaigns linked to these entities.

The statement criticizes the Glasgow Financial Alliance for Net Zero (GFANZ) and its member alliances for a lack of urgency in meeting the '50x30' target of halving emissions by 2030. It highlights that most alliances lack near-term targets, allow the use of emission intensity metrics instead of absolute emissions, and fail to prohibit the financing of fossil fuel expansion.

In 2021, EU-27 electricity demand nearly returned to 2019 levels, with renewables reaching a record 1068 TWh and accounting for 37% of production. A critical shift occurred in the second half of 2021 when soaring gas prices made fossil gas more expensive than coal, leading new renewable output to predominantly replace gas rather than coal. While wind and solar output hit record highs (547 TWh), overall power sector emissions fell by an average of 2.5% per year since 2019, which is less than half the 6% annual decline required to align with a 1.5C pathway. Nuclear power continued a long-term structural decline, accounting for 26% of production in 2021.

The European Electricity Review 2022 identifies a 'paradigm shift' in the EU power sector where soaring gas prices in 2021 led new renewable energy to replace fossil gas instead of coal. While wind and solar reached record generation of 547 TWh in 2021, overall power sector emissions declined at less than half the rate required to meet 1.5°C targets. The report highlights that coal phase-outs are stalling in some regions, such as Poland, and that the structural decline of nuclear power is further slowing decarbonization by forcing renewables to replace lost nuclear capacity rather than fossil fuels.

Turkey's coal generation declined for the third consecutive year in 2021 due to high import costs, but overall carbon intensity of power has not significantly improved in 30 years. While non-hydro renewables doubled since 2017 and wind and solar reached a record 13.6% share of generation in 2021, a drought-induced decline in hydropower was largely offset by an increase in gas generation, which rose from 23% to 33% year-over-year.

In 2021, Turkey's non-hydro renewable generation overtook hydropower for the first time, with wind and solar reaching a record 44.6 TWh. While coal generation declined for three consecutive years between 2018 and 2021 due to high import costs, gas generation increased to compensate for drought-induced hydropower losses, pushing the fossil fuel share to 65% in 2021. Despite the growth in renewables, the increase in production (+58 TWh since 2011) failed to keep pace with the surge in power demand (+95 TWh), resulting in a carbon intensity of power that has not significantly improved in at least 30 years.

The authors propose a two-pronged approach to reach net-zero electricity in Canada by 2035: removing the output-based pricing system (OBPS) for electricity to increase emission incentives while rebating revenues to consumers, and implementing a performance-standard regulation to limit emission intensity of new and existing facilities.

Reclaim Finance evaluates the CA100+ Net-Zero Company Benchmark, noting improvements such as the adoption of the IEA's Net Zero Emissions scenario and expanded scope. However, it criticizes the tool for being overly complex, focusing too much on commitments rather than absolute alignment, and using flawed methodologies for GHG emissions targets. The organization urges investors to use a simplified version of the framework to ensure voting behavior aligns with benchmark results, citing the 2021 TotalEnergies AGM as an example of this disconnect.

The report argues that the climate pledges of major oil and gas companies are 'empty promises' designed to deceive the public. It finds that none of the analyzed companies' plans meet the standards required to limit warming to 1.5°C, as they often exclude Scope 3 emissions, rely on unproven carbon capture technology, and continue to invest in fossil fuel exploration and production.

The European Electricity Review 2022 methodology outlines how Ember aggregates electricity data for 32 countries. It uses Eurostat for historical data up to 2019 and primarily the ENTSO-E transparency platform for more recent monthly generation data, with specific national sources used to correct known inaccuracies in countries like Italy, Finland, and the Netherlands. Generation capacity is sourced from IRENA for renewables and nuclear, and Global Energy Monitor for coal and gas. Carbon intensity for the EU power sector is calculated using European Environment Agency and Eurostat data for 2000-2019, with 2020 and 2021 estimates based on standard emissions factors for hard coal, lignite, fossil gas, and other fossil fuels.

Reclaim Finance criticizes the Transition Pathway Initiative (TPI) for its energy sector benchmark, claiming it erroneously labels companies like TotalEnergies, Eni, and RWE as 1.5°C-aligned. The author argues the TPI methodology is flawed because it relies on company declarations rather than capital expenditure plans, ignores scope 3 emission targets, and overlooks the necessity of immediate short-term emission cuts, focusing instead on long-term targets for 2050.

The statement calls for an immediate end to the financing of conventional and unconventional oil and gas expansion in France. It contrasts the recommendations of French regulators (ACPR and AMF) with the actions of Minister Bruno Le Maire and major banks like BNP Paribas, which it claims maintain the status quo. While some investors and banks like La Banque Postale and Crédit Mutuel have committed to ending support for new projects, the document asserts that many others use 'diversion strategies' or flawed policies to continue backing oil and gas majors, specifically TotalEnergies.

The South African Renewable Energy Master Plan (SAREM) aims to industrialise the renewable energy value chain to drive economic recovery and a just energy transition. The plan identifies market certainty as the most critical factor for attracting manufacturing investment, proposing a shift from a percentage-of-CAPEX local content model to a points-based scoring system in the Renewable Energy Independent Power Producers Procurement Programme (REIPPPP). Key targets for 2030 include an annual GDP contribution of R141-164 billion, the creation of 32,500-35,000 new jobs, and achieving 70-90% localisation of key components. The strategy emphasizes integrating industrial opportunities into 'Just Transition hotspots' like Mpumalanga to reskill coal sector workers and diversifying procurement through private sector engagement and export promotion to regional markets, particularly within Africa via the AfCFTA.

The report critiques the GFANZ network, noting that while it represents over a third of the world's investable capital, its guidelines are riddled with loopholes. Key failures include the lack of mandatory absolute emission targets, the omission of fossil fuel restrictions in the Race to Zero criteria, and a reliance on 'analysis paralysis' through complex financed emissions accounting. The author recommends that alliances mandate the cessation of financial services for new fossil fuel supply and require clients to adopt robust phase-out plans for coal, oil, and gas.

The document updates the climate tools and policies of several Multilateral Development Banks (MDBs) as of October 2021. Key updates include the African Development Bank's (AfDB) commitment to no longer finance coal projects and the Inter-American Development Bank's (IDB) use of industry benchmarks for high-emitting sectors. It also notes that the Asian Development Bank (ADB) planned to review its coal financing policies in 2021 and details specific exceptions to natural gas exclusion lists, such as projects meeting a 250g CO2e/kWhe emissions standard.

The statement critiques the French financial sector's response to the climate crisis, highlighting a divide between institutions adopting strict exclusion policies for oil and gas expansion and those maintaining the status quo. It specifically condemns the French Ministry of Economy and Finance for avoiding strict regulatory frameworks and calls on major entities like AXA to stop insuring new fossil fuel projects.