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In 2024, Türkiye's combined wind and solar electricity generation reached 62 TWh, surpassing the historical peak of domestic coal production (53 TWh in 2019). While solar generation grew by 39% to reach a 7.5% share of total production, wind growth slowed, maintaining a 10.7% share. Despite a record high in total coal generation (122 TWh), making Türkiye the highest coal-producing country in Europe, the overall share of fossil fuels fell to 55%, the lowest since 1993, driven by a decrease in natural gas use. However, renewable growth has not kept pace with a 5.5% increase in electricity demand, which was driven by record temperatures in June and July. Türkiye's new 2035 targets aim to quadruple wind and solar capacity to 120 GW, which could potentially reduce the fossil fuel share of electricity production to below 20%.

The policy brief asserts that energy tax credits are critical for commercializing diverse energy technologies to meet rising demand from AI and data centers, while lowering costs for households and strengthening local economies. It highlights specific credits—including 45Y, 48E, 45Q, 45V, and 45X—as vital for the development of baseload power (advanced nuclear, geothermal, fusion), carbon capture, hydrogen, and critical mineral manufacturing. The author warns that repealing these credits or shortening their eligibility would increase energy prices, threaten jobs, and undermine U.S. leadership in global markets, particularly against competitors like China. Additionally, the brief emphasizes that mechanisms like direct pay and transferability are necessary for tax-exempt entities and high-cost projects, such as advanced nuclear, to monetize these incentives.

The Mediterranean region's renewable power capacity is projected to double from 315 GW in 2023 to 626 GW by 2030, primarily driven by solar and wind. However, this trajectory falls 374 GW short of the TeraMed Initiative's 1 TW goal. To bridge this gap, the region would need to install an additional 54 GW of wind and solar annually beyond current plans, totaling 98 GW per year, which significantly exceeds the historical maximum annual deployment of 45 GW.

The document proposes an "energy park" model that co-locates renewable generation with flexible industrial loads and long-duration storage to replace retiring coal capacity. Using Pueblo, Colorado, as a case study, the authors model a system combining 2,000 MW of solar, 1,600 MW of wind, short-duration batteries, and flexible loads (thermal batteries and electrolyzers). The findings indicate that such a park can achieve 99% reliability in mimicking the dispatch of the Comanche Unit 3 plant while providing significant local economic benefits, including over $40 million in annual property taxes and 350 permanent jobs. Financially, the energy park is estimated to be at least 50% cheaper for electricity ratepayers than a comparable small modular nuclear reactor.

Reclaim Finance asserts that new gas power plants are incompatible with climate goals due to methane emissions and declining demand. It argues that future conversions to hydrogen or CCUS are unrealistic and that existing fossil plant capacity is sufficient for seasonal flexibility. The document criticizes the top 60 global banks for lacking specific electricity sector policies and calls for a 6:1 financing ratio in favor of sustainable power by 2030.

The US Treasury's final 45V guidance establishes a market-based framework for green hydrogen projects to qualify for tax credits based on three pillars: incrementality, temporality, and deliverability. The rule allows annual matching of clean power until 2030, after which hourly matching is required. It provides flexibility by allowing emissions calculations per hour and per electrolyzer, preventing an 'all or nothing' loss of credits. Developers can currently use bilateral contracts and existing registries to demonstrate viability to financiers, while preparing for a more sophisticated hourly Energy Attribute Credit (EAC) market.

The document outlines a comprehensive approach to electrifying rural health centers in sub-Saharan Africa using solar PV. It emphasizes the necessity of professional technical consultancy to avoid project failure, provides detailed mathematical formulas for dimensioning components (panels, inverters, and batteries), and compares different system architectures (Off-Grid, On-Grid Backup, and On-Grid). The guide also details various financing models, including Public-Private Partnerships (PPP), and stresses the importance of a two-level maintenance strategy and the appointment of an energy manager ('Monsieur/Madame Energie') to ensure long-term system viability.

In 2024, China approved 66.7 GW of new coal power and saw 94.5 GW begin construction, the highest level since 2015, despite adding a record 356 GW of wind and solar capacity. This 'energy addition' strategy is driven by long-term power purchase agreements (PPAs) that guarantee coal generation and the influence of coal mining companies, who financed over 75% of new approvals. These factors lead to the curtailment of renewables and a shift away from using coal plants as flexible regulating capacity. The report concludes that China's coal expansion contrasts sharply with global trends, as China accounted for 93% of global coal construction starts in 2024.

Thermal batteries store renewable electricity as high-temperature heat in abundant materials like graphite or bricks, providing a cost-effective alternative to fossil fuels for industrial processes requiring temperatures over 1,000°C. The technology supports grid stability by reducing renewable curtailment and offers a lower-risk alternative to hydrogen for industrial decarbonization. While facing challenges in wholesale electricity market access and infrastructure integration, the sector saw investment spike to over $350 million in 2024.

The report examines the technical and institutional challenges of maintaining grid reliability in the United States as fossil fuel plants retire and demand grows from data centers and electrification. It argues that reliability does not require traditional baseload power but can be achieved through a combination of wind, solar, battery storage, and demand-side flexibility. The authors highlight that while 80-90% clean electricity is achievable with current technology, reaching 100% may require 'clean firm' resources like enhanced geothermal or advanced nuclear. Key recommendations include reforming interconnection queues, expanding interregional transmission, and implementing performance-based incentives for utilities to prioritize demand-side solutions.

India achieved a record 34.7 GW of power capacity additions in 2024, driven largely by solar PV. However, the report finds that replicating this record annual deployment would leave India short of its 500 GW non-fossil capacity target by 2030. To close this gap, annual wind and solar additions must grow by approximately 15% year-on-year, effectively doubling current record levels by the end of the decade. While renewables are on track to overtake operating coal capacity in total volume within two years, fossil fuels still contributed over two-thirds of the increase in power generation in 2024.

The Federal Hydrogen Hub Program aims to establish a national hydrogen network through seven regional hubs, with funding distributed across four phases over 8-12 years. While hubs claim local economic and environmental benefits, the guide notes that many proposed projects may increase pollution or waste energy. As of January 28, 2025, the DOE has instructed all recipients to cease activities related to Community Benefits Plans, pending further guidance.

In 2024, the EU's electricity transition continued with solar power overtaking coal for the first time and gas generation declining for the fifth consecutive year. Renewables reached a 47% share of the power sector in 2024, up from 34% in 2019, while fossil fuels dropped to a historic low of 29%. This shift reduced power sector emissions to less than half of their 2007 peak and avoided €59 billion in fossil fuel imports since the start of the European Green Deal. Despite this momentum, the report argues that wind power deployment and grid infrastructure must accelerate to meet 2030 targets.

In Q4 2024, US utilities updating their IRPs reduced planned wind and solar capacity by 20 GW and increased planned gas capacity by 12 GW, leading to an 8 percent increase in projected emissions despite a small downward adjustment in projected load.

Copper is essential for renewable energy and electric vehicles, with demand projected to grow by at least 50% by 2050. While mining faces challenges like long lead times and decreasing ore quality, recycling copper—which is 100% recyclable—can save up to 85% of the energy used in extraction. Currently, recycled copper provides about one-third of the global supply, but doubling end-of-life recycling rates from 32% to 66% could recover over 6 million tons of copper from landfills annually by 2040. Scaling this requires improving collection systems, expanding high-standard processing capacity, and increasing market demand for recycled materials across the U.S., EU, and China.

Global climate finance reached a record USD 1.9 trillion in 2023, with private contributions exceeding USD 1 trillion for the first time. While mitigation finance more than doubled between 2018 and 2023, driven by energy and transport, adaptation finance remains significantly underfunded at USD 65 billion. Investment is heavily concentrated in East Asia and the Pacific, Western Europe, and North America, with 80% of finance sourced domestically. Despite growth, a substantial gap remains to meet the estimated annual need of USD 6.3 trillion by 2030.

The South African Climate Finance Landscape 2025 reports an annual average of ZAR 188.3 billion in climate finance for 2022–2023, though this remains well below the estimated annual need of up to ZAR 499 billion. Investment is heavily skewed toward the energy sector, which receives 74.1% of total flows, primarily for renewable electricity generation. In contrast, adaptation finance is lagging, accounting for only 11.3% of tracked flows. While domestic sources provide nearly 60% of funding, international flows are dominated by public development finance institutions, particularly from Western Europe. The report highlights significant barriers, including grid bottlenecks, policy uncertainty, and a lack of concessional capital for high-risk or non-revenue-generating adaptation and just transition projects.

The guide outlines the landscape of renewable energy in South Africa, emphasizing the shift toward private procurement and the dominance of solar PV. It details two primary implementation models—embedded generation and wheeling—and provides a comprehensive breakdown of financing options, including bank-specific instruments and power purchase agreements. The document also highlights the strategic role of backup storage for peak shaving and load shifting, lists available South African tax incentives for energy efficiency and renewable assets, and identifies critical grid and regulatory hurdles businesses may encounter.

The report outlines a shift in South Africa's renewable energy sector from public procurement to private off-taker agreements, driven by electricity market liberalisation and corporate decarbonisation needs. It estimates a total investment potential of R132 billion for private renewable energy development and R16 billion for local component manufacturing by 2030. Key barriers include severe grid capacity constraints in high-resource provinces and policy uncertainty regarding the future of public procurement programmes.

The 2025 Global Forum in Bridgetown, Barbados, brought together over 1,300 participants to advance a just energy transition and end energy poverty, resulting in the Barbados Declaration and over $500 million in new financial commitments for clean energy in the Global South.