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Global Climate Finance: An Updated View 2018
The report updates global climate finance estimates for 2015 and 2016, finding an annual average of USD 463 billion. While private investment remains the dominant source, particularly in renewables and the growing electric vehicle sector, the report highlights significant data gaps in tracking adaptation and energy efficiency. It also discusses the challenges of operationalizing Article 2.1(c) of the Paris Agreement to ensure all financial flows are consistent with low-emission and climate-resilient development.
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Document type: Report
CEMENT’S ROLE IN A CARBON-NEUTRAL FUTURE
Cement production accounts for 5.6% of global CO2 emissions, split between thermal fuel combustion (30-40%) and limestone calcination process emissions (60-70%). The report highlights that concrete naturally re-absorbs CO2 through carbonation, sequestering roughly 48% of process emissions over several decades. To reach carbon neutrality by 2050, the author models scenarios suggesting that capturing 80% of process emissions is sufficient if electricity is decarbonized, or 53% if thermal fuels are also fully decarbonized. Mitigation strategies discussed include energy efficiency, clinker substitution (reducing clinker content to 60%), and novel technologies from CarbonCure and Solidia.
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Document type: Report
Solving the Global Cooling Challenge
The report warns that room air conditioner (RAC) stock could grow from 1.2 billion to 4.5 billion units by 2050, potentially increasing global temperatures by 0.5°C by 2100. It argues that conventional efficiency improvements and the Kigali Amendment are insufficient to offset this growth. The authors propose a '5X solution'—technology with five times less climate impact than current standards—which could prevent 100 gigatons of CO2e emissions by 2050 and save US$1.4 trillion in power generation capital costs.
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Document type: Report
Kas Eesti täidab Pariisi kliimakokkulepet?
The report finds that Estonia is likely to meet its 2020 climate and energy commitments, though it faces significant challenges for 2030. While the 2020 renewable energy target for overall consumption was met as early as 2013, the transport sector's renewable energy share remained critically low at 0.4% in 2016. Greenhouse gas emissions are heavily dominated by the energy sector (approximately 70%), with high per capita emissions compared to the EU average. The report concludes that achieving 2030 targets will require additional measures across all sectors, particularly in reducing non-ETS emissions and increasing energy efficiency.
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Document type: Report
The Nuclear Power Dilemma
The Union of Concerned Scientists (UCS) finds that over one-third of US nuclear plants are unprofitable or scheduled to close due to cheap natural gas and falling renewable costs. Without carbon-reduction policies, early retirements could increase US power sector emissions by 4% to 6% by 2035. The report recommends adopting carbon pricing or low-carbon electricity standards and conditioning any nuclear subsidies on strict safety performance and consumer protections.
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Document type: Executive summary
The Nuclear Power Dilemma
The Union of Concerned Scientists finds that over one-third of US nuclear plants are unprofitable or scheduled to close, primarily due to low natural gas prices. Without new policies, early retirements could increase power sector carbon emissions by 4% to 6% by 2035 as plants are replaced by natural gas and coal. The report argues that national carbon pricing or a low-carbon electricity standard would preserve existing nuclear capacity, diversify the energy mix, and significantly reduce emissions with minimal impact on household electricity bills. It further recommends that any financial support for distressed plants be contingent on high safety performance ratings from the NRC and transparency in financial reporting.
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Document type: Report
Integrated Resource Plan 2018 – groundWork comment
The commentary argues that the IRP 2018 is a form of 'climate denial' that lacks a meaningful carbon constraint and continues to prioritize coal and gas over cheaper, cleaner renewables. It highlights the severe health costs of air pollution from Eskom and criticizes the public consultation process as exclusionary. The authors advocate for a total phase-out of coal, the rejection of new extractive gas projects, and a transition to a socially owned renewable energy system that creates jobs and ensures energy justice for the poor.
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Document type: Statement
COMMENTS ON THE DRAFT INTEGRATED RESOURCE PLAN FOR ELECTRICITY, 2018
The Centre for Environmental Rights (CER) argues that the draft IRP 2018 is unlawful and irrational because it includes 6,732MW of new coal capacity despite its own findings that a least-cost plan would exclude coal. The CER highlights severe failures in the draft, including inflated electricity demand forecasts, outdated and high cost assumptions for renewables and battery storage, and a total lack of consideration for water and climate change externalities. The document specifically objects to the Thabametsi and Khanyisa coal projects, citing their high emissions and risks to water resources in the Waterberg and Highveld regions. Furthermore, the CER criticizes the Department of Energy for failing to conduct meaningful public consultations with impacted communities and for withholding the Plexos modelling data necessary for transparent stakeholder review.
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Document type: Statement
Comments on South Africa 2018 Integrated Resource Plan
Synapse Energy Economics identifies several critical flaws in South Africa's draft 2018 IRP, arguing that it relies on an unreasonably high load forecast, overstates the costs of renewable energy and battery storage, and ignores the economic optimality of retiring aging coal plants. The report highlights a significant disconnect between the IRP's optimized modeling—which suggests no new coal in the 2020s—and the proposed resource plan, which calls for over 6,500 MW of new coal capacity. Additionally, the authors criticize the plan for inadequate carbon budgeting, failure to account for water scarcity, and a lack of transparency in providing modeling data to stakeholders.
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Document type: Report
Policy support will drive even greater business action
The We Mean Business coalition argues that while nearly 500 companies have set science-based emission reduction targets, stronger government policies are required to drive further business action. The coalition recommends specific interventions across zero-carbon grids, fleets, buildings, and agriculture, alongside broader systemic reforms including the removal of fossil fuel subsidies, the implementation of carbon pricing, and the adoption of TCFD disclosure requirements. The document emphasizes that these policies will provide the clarity and confidence businesses need for low-carbon capital investment and a just transition for workers.
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Document type: Statement
Re: Bill 4, Cap and Trade Cancellation Act, 2018
The Canadian Association of Physicians for the Environment (CAPE) opposes Bill 4, which proposes repealing the Climate Change Mitigation and Low-carbon Economy Act, 2016. CAPE argues that Ontario's cap-and-trade program is essential for reducing emissions in the transportation (33%), buildings (22%), and industry (18%) sectors, and has collected $2.8 billion to fund public transit, electrification, and energy efficiency. The organization emphasizes that climate change is the "greatest public health threat of this century," citing recent extreme heat in Ontario and Quebec, as well as an increase in Ontario wildfires (1,312 in 2018 compared to a 10-year average of 716). CAPE recommends that if the government proceeds with the repeal, it must immediately implement a replacement plan that commits to reducing emissions to 80% below 1990 levels by 2050 to align with the 1.5 degrees C warming limit.
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Document type: Statement
PRE-ISSUANCE VERIFICATION REPORT (LIMITED ASSURANCE ENGAGEMENT)
Vigeo Eiris conducted a limited assurance engagement in September and October 2018, concluding that Royal Schiphol Group's 2018 first Green Bond is in conformance with the Climate Bonds Standard version 2.1. The bond's proceeds are intended to finance low carbon emissions vehicles, charging infrastructure, and the construction or refurbishment of low carbon buildings. The verification confirmed that the nominated assets meet the technical criteria for Low Carbon Buildings and Low Carbon Land Transport, though the verifier noted that the lack of quantified contributions to corporate sustainability objectives and the absence of a commitment to periodic assurance engagements are areas for improvement.
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Document type: Report
Heavy Industry Goes Renewable
In August 2017, Cummins signed a 15-year virtual power purchase agreement (VPPA) with EDP Renewables (EDPR) North America for 75 megawatts (MW) of wind capacity to expand the Meadow Lake Wind Farm in Northwest Indiana. The deal is designed to avoid 165,000 tCO2e per year starting January 1, 2019, representing a significant scale-up from Cummins' existing 8 MW of solar capacity. To secure internal buy-in, Cummins utilized Monte Carlo simulations on historical price data to assess financial risk and validated the deal's value through the Business Renewables Center and Schneider Electric. The project emphasizes 'additionality' by adding new capacity to the grid and focuses on local community benefits in Benton and White Counties, Indiana.
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Document type: Case study
ACCESS CLEAN ENERGY SAVINGS Rural Energy Savings Program (RESP) Assistance
The Rural Energy Savings Program (RESP), administered by the USDA's Rural Utilities Service (RUS), provides approximately $100 million in zero-interest loan capital to rural electric cooperatives and utilities. These funds are intended to launch or expand energy efficiency financing programs, allowing members to implement cost-effective energy measures or switch to renewable energy systems. EESI offers guidance to utilities through a four-step application process, which includes submitting a Letter of Intent and a full application, with a deadline of September 2019.
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Document type: Fact sheet
SUMMARY OF THE OUTCOMES 21ST MEETING OF THE BOARD OF THE GREEN CLIMATE FUND
At its 21st meeting in October 2018, the GCF Board approved 19 new projects and programmes totaling USD 1.04 billion in GCF investment to support over USD 4 billion in climate action across more than 50 countries. The Board also accredited 16 new entities, appointed the World Bank as the Fund's Trustee, and launched the process for the GCF's first formal replenishment to be concluded by October 2019. Governance updates included the establishment of a Performance Oversight Committee and the appointment of Javier Manzanares as Executive Director ad interim.
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Document type: Report
Subsidy Swap: Reducing fossil fuel subsidies through energy efficiency and renewable energy in Zambia
The report investigates the potential for Zambia to transition from fossil fuel subsidies to sustainable energy investments. It identifies that while petroleum subsidies were largely eliminated in 2016, significant subsidies remain in the electricity sector, particularly for the mining industry. The authors propose two 'subsidy swaps': redirecting electricity subsidies to fund energy efficiency in mining and replacing expensive diesel generators with solar PV. The report concludes that both are feasible, with solar PV already progressing through initiatives like Scaling Solar and GET FiT, while the mining sector swap requires further research into energy savings potential and fund administration.
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Document type: Report
CLOSING THE CIRCUIT
The document highlights that rural electrification often fails when supply is expanded without addressing the barriers to end-use demand, such as high equipment costs and lack of financing. It provides evidence from historical US programs and modern sub-Saharan African minigrids to show that stimulating productive use improves system capacity utilization and financial viability. The authors recommend that development partners implement financing mechanisms, support the private sector in equipment sales, and update national policies to include end-use targets.
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Document type: Report
Soot to Solar
The report argues that accelerating the retirement of coal plants in Illinois in favor of clean energy technologies will improve public health, reduce carbon emissions, and lower electricity bills without compromising grid reliability.
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Document type: Executive summary
Soot to Solar
The report argues that accelerating the retirement of coal plants in Illinois, beyond the mandates of the Future Energy Jobs Act (FEJA), would significantly improve public health and provide economic gains. Modeling shows that replacing coal with wind, solar, and energy storage is affordable and does not compromise grid reliability, as demonstrated by a case study of the Waukegan plant. The analysis highlights that pollution-burdened communities of color and low-income residents stand to benefit most from this transition.
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Document type: Report
Soot to Solar
The document outlines the technical framework for the 'Soot to Solar' analysis, utilizing the Regional Energy Deployment System (ReEDS) and HOMER Pro models to evaluate energy scenarios in Illinois. It specifies cost and performance assumptions for various generation technologies, calculates the social cost of carbon and health benefits of emission reductions, and assesses the feasibility of replacing natural gas peaker plants with storage and solar. Additionally, it includes land availability assessments for former coal sites and a public health impact analysis conducted with the Clean Air Task Force.
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Document type: Report