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The report highlights a critical loophole in financial sector policies where metallurgical coal is often excluded from coal phase-out commitments. Despite the IEA stating that existing mines can meet demand until 2050, 118 companies are planning new projects with a combined capacity of 406Mtpa. Between 2016 and June 2023, banks provided over $557 billion to 50 major metallurgical coal developers, with Japanese banks accounting for 29% of this support. The document identifies a lack of specific metallurgical coal policies among 100 analyzed financial institutions, with only five banks having such policies. It advocates for a total cessation of financial services for new projects and the adoption of a just transition plan for workers and communities.

The report analyzes how the shift toward a multipolar world, the EU Green Deal, US energy strategies, and China's dominance in critical minerals impact South Africa. It highlights the contradictions in European energy policy following the Russia-Ukraine conflict and the paradoxical nature of China's green energy support versus its fossil fuel investments in Africa. The authors argue that South Africa should adopt a strategy of 'active non-alignment,' diversify its critical mineral supply chains, and foster domestic innovation to achieve energy sovereignty and a just transition.

The report examines Ecopetrol, Petrobras, YPF, and EP Petroecuador, finding that while some have stated ambitions for unrelated diversification, these efforts are not a priority compared to decarbonizing existing fossil fuel operations. The authors argue that these NOGCs face significant institutional, financial, and technical barriers that limit their capacity to transition away from their core hydrocarbon businesses.

The document details the technical methodology used by the Union of Concerned Scientists to model US energy system transitions. It outlines targets for reducing energy and industrial CO2 emissions by 47.5% by 2030 and 100% by 2050, alongside specific targets for non-CO2 gases. The analysis employs seven scenarios, including reference cases and various net-zero pathways, incorporating the impacts of the Inflation Reduction Act (IRA) and the Infrastructure Investment and Jobs Act (IIJA). Key assumptions include the total retirement of coal generation by 2030 in net-zero scenarios and 100% zero emissions vehicle sales by 2035.

The Union of Concerned Scientists (UCS) analysis concludes that the United States can meet its climate goals through a rapid phase-out of fossil fuels and a transition to clean energy, which would yield significant economic and public health benefits. While the Inflation Reduction Act (IRA) and Infrastructure Investment and Jobs Act (IIJA) provide critical momentum, the report finds that the U.S. will fall short of its 2030 goals without additional robust policies. The most effective near-term strategy is the decarbonization of the power sector via wind and solar, while long-term reductions depend on the electrification of transportation, buildings, and industry. The report emphasizes that reducing overall energy demand can lower the required scale of new infrastructure and that a just transition must prioritize marginalized communities and hold fossil fuel companies accountable.

The report evaluates hydrogen fuel-cell electric vehicles (FCEVs) and hydrogen combustion engines for heavy-duty freight. It finds that while FCEVs offer range and weight advantages, they are significantly less energy-efficient than battery-electric vehicles (BEVs) and suffer from high fuel costs. The document highlights that most hydrogen is currently produced from natural gas, leading to life-cycle emissions similar to diesel trucks, and warns that hydrogen combustion engines still emit harmful air pollutants. Consequently, the author concludes that FCEVs will likely remain niche solutions for specific long-haul applications where BEVs are infeasible.

The Middle East experienced an 11.2% increase in renewable energy capacity in 2022, driven primarily by solar PV. The UAE and Saudi Arabia have some of the world's lowest installation costs, while Gulf sovereign wealth funds are increasingly financing global and regional projects. Oman is leading in projected capacity additions, and Jordan is among the top eight countries globally for the growth rate of renewables in its energy mix.

Reclaim Finance critiques the IEA's "clean energy" scope, asserting that several included technologies—such as CCUS, nuclear power, and solid biomass—are unsustainable due to high costs, environmental damage, or continued reliance on fossil fuels. The organization advocates for a narrower definition of sustainable power focused on solar, wind, ocean, and geothermal energy, as well as modernized grid infrastructure, and calls for banks to disclose detailed inventories of their energy transition financing.

The report argues that delivering existing clean power commitments would allow the UK to produce 98% of its electricity from clean sources by 2030, saving the average household £300 per year and reducing total household costs by £8.7 billion. It contrasts a 'Delivering commitments' scenario with a 'Falling short' scenario, noting that the latter would increase reliance on volatile fossil gas imports and result in the UK remaining a net importer of electricity. While grid investment would increase network costs, these are outweighed by a significant drop in wholesale electricity prices. The report identifies critical barriers to this transition, including slow permitting processes, grid connection delays, and unsuccessful renewable auction rounds, particularly for offshore wind.

The Clean Air Task Force (CATF) recommends that the EU prioritise 'no regrets' industrial sectors for hydrogen deployment, utilize all clean production pathways (including 'blue' hydrogen), and site production close to consumption to minimize transport inefficiencies. The report emphasizes that public funding should be matched to projects that provide socio-economic benefits to local communities and that a comprehensive EU database should be established to ensure transparency and collaboration.

The briefing finds that the global steel industry is not on track for net zero by 2050, as only a third of the top 50 producers have set 2050 targets. It highlights a critical gap in transparency regarding emission scopes and a concerning trend where planned capacity for coal-based blast furnaces significantly outweighs that of low-emissions projects.

Reclaim Finance argues that TotalEnergies' claims of diversification are misleading, as the company intends to increase oil and gas production through 2028 and expand its liquefied natural gas (LNG) capacity. The report highlights that the company's renewable energy growth is largely driven by acquisitions of existing projects rather than new construction, and that its 'clean' hydrogen and electricity goals still rely heavily on fossil gas. A specific case study on the Papua LNG project illustrates the potential for significant carbon emissions and human rights violations, while the report concludes by urging financial institutions to stop supporting new fossil fuel projects.

Reclaim Finance argues that TotalEnergies' claims of diversification are misleading, as the company intends to increase absolute oil and gas production by 2030 and is aggressively expanding its liquefied natural gas (LNG) portfolio. The report highlights that the company's renewable energy growth relies heavily on acquisitions rather than new capacity and criticizes the Papua LNG project for its projected climate and human rights impacts.

The report examines South Africa's transition from a coal-dependent energy system to renewable sources, emphasizing the need for a 'just' transition that integrates decarbonization with social justice and industrialization. It analyzes the role of the Just Energy Transition Partnership (JETP), the challenges of the national grid, the financial vulnerabilities of municipalities, and the potential for domestic and international climate finance to support the transition.

The report identifies clinker production as the primary source of emissions in the cement sector, accounting for 88% of total emissions. It evaluates three main decarbonization levers: substituting clinker with materials like fly ash and calcined clay, replacing coal and gas with biomass, waste, or green hydrogen, and deploying CCUS. While some progress is noted in developed markets, the report warns that absolute emissions will rise as production grows in emerging markets like India and Africa unless green processes are scaled. Key barriers include supply constraints for substitutes, high upfront costs for CCUS, and a lack of carbon transport infrastructure in high-growth regions.

The global steel sector faces significant challenges in decarbonization, with emissions intensity growing by 0.5% annually since 2010. While hydrogen-based Direct Reduced Iron (H-DRI) and Electric Arc Furnaces (EAF) offer paths to near-zero emissions, their deployment is hindered by high costs, limited green hydrogen supply, and a shortage of high-grade iron ore. The report highlights a geographic divide: the EU and US are shifting toward low-emission tech supported by subsidies and carbon pricing, while high-growth regions like India continue to expand high-emission Blast Furnace-Basic Oxygen Furnace (BF-BOF) capacity. Carbon Capture and Storage (CCS) is viewed as a necessary but expensive tool for abating existing capacity, though commercial-scale projects remain limited.

The report analyzes the global transition of road transport to electric vehicles, noting that while passenger EV adoption is on an exponential growth trajectory, freight and emerging markets face significant hurdles. Key barriers include insufficient charging infrastructure, power grid limitations, and high total cost of ownership (TCO) for heavy-duty trucks. The document emphasizes the need for a shift from demand-side subsidies to supply-side policies, such as prioritized permitting for battery production and direct funding for charging networks, to sustain the transition toward net-zero emissions.

The Great Lakes region remains the heartland of US steelmaking, but its primary production assets face a critical transition to avoid becoming noncompetitive as global demand for low-emissions steel grows. While federal legislation like the Inflation Reduction Act (IRA) and the Infrastructure Investment and Jobs Act (IIJA) provides significant funding and tax credits (such as 45V and 45Q), the report finds a lack of coordinated state-level industrial strategies. The document argues that the region must prioritize the adoption of Direct Reduced Iron (DRI) pathways—specifically those using renewable hydrogen or carbon capture—to maintain high-quality jobs and reduce local air pollution. Key bottlenecks include grid interconnection delays for renewable energy, the need for Class VI primacy for carbon sequestration, and a lack of steel-specific workforce retraining programs.

The Mississippi Clean Hydrogen Hub (MCHH) aims to leverage natural salt domes for large-scale, long-duration green hydrogen storage to safeguard energy security. Domestically, the hub is positioned to supply critical sectors in the Gulf Coast, Midwest, and Mid-Atlantic, potentially serving 52% of US refining, 44% of shipping, 19% of steelmaking, and 17% of heavy-duty trucking capacity. It also seeks to bolster US fertilizer security by transporting green hydrogen feedstock via the Mississippi River to the Midwest. Internationally, the MCHH intends to establish green shipping corridors to help the EU diversify away from Russian fossil fuels and provide backup energy to climate-vulnerable nations in Latin America and the Caribbean. The report argues that an initial public investment of $500 million could unlock billions in private capital by 2026, creating a national strategic hydrogen reserve and reducing industrial losses from power outages.

The Nairobi Declaration asserts that Africa is disproportionately affected by climate change despite minimal historical responsibility. It calls for the global community to honor the $100 billion annual climate finance promise, operationalize the Loss & Damage fund, and reform the multilateral financial system to reduce the 'great financial divide' in borrowing costs. The declaration commits Africa to green industrialization, increasing renewable energy capacity to 300 GW by 2030, and valuing its natural capital. It specifically requests the re-channeling of $100 billion in Special Drawing Rights (SDRs) to Africa and the reduction of corporate tax losses from profit shifting.