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Energy markets one year after the Ukraine invasion
One year after the invasion of Ukraine, the EU has substituted nearly 75% of Russian gas imports and seen wind and solar generate a record 22% of its electricity in 2022. Globally, gas demand is forecast to peak by the end of the decade, with 88% of electricity demand growth to 2025 expected to be met by renewables. While renewable energy saved billions in fossil fuel costs, high gas and coal prices drove 90% of the global increase in electricity costs in 2022. Russia faces significant financial losses from sanctions, including a USD 25 billion public deficit in January 2023, while EU industrial production grew by over 2% on average despite a 15% drop in industrial gas demand.
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Document type: Fact sheet
Consideration of accreditation proposals – Addendum III Re-accreditation assessment of RAPL018
The GCF Accreditation Panel recommends the re-accreditation of the Inter-American Development Bank (IDB) for a second term with no conditions. The assessment confirms that IDB continues to meet GCF's basic and specialized fiduciary standards, environmental and social safeguards, and gender policies. IDB's portfolio includes eight approved GCF projects totaling USD 761.7 million, with a strong track record in mitigation and adaptation, particularly in the Latin American and Caribbean region. The report highlights IDB's commitment to Paris Agreement alignment and its capacity to support direct access entities through capacity-building initiatives.
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Document type: Report
Clean Energy 101: Reducing Climate Pollution from the Plastics Industry
The plastics industry contributes 3.4 percent of global carbon pollution, driven by a reliance on fossil fuels for production. Decarbonization requires improved carbon accounting, increased renewable energy use, and a transition toward a circular economy to reduce emissions from both production and end-of-life disposal.
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Document type: Guide
Realizing the Green Jobs Promise
The document argues that simply framing the clean energy transition as a trade-off between fossil fuel jobs lost and green jobs gained is insufficient and risks undermining public support. While citing data that renewables created over 12 million jobs by 2021, it highlights widespread skepticism and growing global inequality driven by climate change, technology, urbanization, and migration. The authors propose a shift toward 'regenerative capitalism' and a 'Great Regeneration' to foster a more equitable and sustainable global economy.
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Document type: Report
Climate action can address the cost of living crisis
The document asserts that the current cost of living crisis is driven by fossil fuel price volatility, particularly natural gas, rather than the costs of net-zero policies. It identifies that poorer households are disproportionately affected by energy poverty and argues that short-term government subsidies are insufficient. The briefing proposes that expanding renewable energy capacity, implementing building energy efficiency retrofits, installing heat pumps, and electrifying transport can lower energy bills, reduce market volatility, and enhance energy security.
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Document type: Briefing
Politique de contrats sur différence pour la production d'électricité renouvelable du Royaume-Uni
The UK's Contracts for Difference (CfD) policy, established in 2014, uses a competitive auction system to provide price certainty for renewable energy developers, significantly reducing financial risk and lowering the cost of capital. By bridging the gap between wholesale market prices and a fixed 'strike price' over 15-year contracts, the policy has driven down the cost of offshore wind by 65-75% since 2015. While the system is funded by consumers through electricity bills—making it regressive—it is administered by the independent Low Carbon Contracts Company to minimize political risk. The document suggests Canada could adapt this model for proven technologies like carbon capture and storage or clean hydrogen, emphasizing the need for competitive markets and independent administration.
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Document type: Briefing
Australia’s Green Bank
The Clean Energy Finance Corporation (CEFC), Australia's green bank, uses an endowment-based model to provide concessional loans and equity to low-carbon projects. Since 2012, it has committed A$10.8 billion, leveraging a private-finance rate of 242 per cent and achieving over 200 megatonnes of CO2e reductions. While successful in crowding-in private investment and maintaining profitability, the CEFC faces risks of political interference via government-appointed boards and lacks specific targets for climate justice. The document suggests Canada's Canada Growth Fund and Canada Infrastructure Bank should adopt clear mission-driven mandates, target strategic institutional partners, and prioritize technical institutional knowledge.
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Document type: Case study
La Banque verte de l’Australie
The document examines the Clean Energy Finance Corporation (CEFC), Australia's 'green bank', which uses public capital to crowd-in private investment for low-carbon technologies. It details the CEFC's financial instruments, its success in generating a positive return on investment and significant emission reductions, and its vulnerability to political shifts. The analysis concludes with strategic recommendations for Canada's Canada Infrastructure Bank and Canada Growth Fund based on the CEFC's ten-year experience.
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Document type: Case study
Nuestra casa común
The document outlines the interconnected crises of climate change, biodiversity loss, water scarcity, air pollution, and unsustainable consumption, arguing that these are driven by fossil-fuel-based economic systems and excessive consumption. It calls for a fundamental shift toward circular economies, regenerative agriculture, and social justice to protect the planet and its most vulnerable populations.
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Document type: Guide
Notre maison commune
The document outlines the interconnected crises of climate change, biodiversity loss, pollution, and social injustice, arguing that current economic and consumption models are unsustainable. It calls for a systemic transition away from fossil fuels, intensive agriculture, and consumerism toward regenerative practices and social equity to protect the planet for future generations.
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Document type: Guide
La nostra casa comune
The document outlines the interconnected crises of climate change, biodiversity loss, and pollution, attributing them to fossil-fuel-based economic systems and excessive consumption. It advocates for a fundamental shift toward clean energy, sustainable agriculture, and circular economies, while emphasizing that environmental solutions must integrate social justice and the protection of the most vulnerable populations.
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Document type: Guide
A nossa casa comum
The document outlines the interconnected nature of the climate crisis, biodiversity loss, and social injustice, arguing that current economic systems based on fossil fuels and mass consumption are unsustainable. It provides specific data on water scarcity, air pollution, and ecosystem collapse while advocating for a transition to clean energy, regenerative agriculture, and circular economies to protect the planet and its most vulnerable populations.
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Document type: Guide
Okra & Creeds Energy – 50 household mesh-grid pilot (Nigeria)
The pilot project in Bassa, Nigeria, utilized Okra's mesh-grid technology to create a 'Hub-and-Spoke' topology, allowing high-powered prosumers and businesses to share excess renewable energy with low-powered residential households. This configuration reduced the average CAPEX cost per connection from an initial estimate of $642 to $450 and enabled the energization of 46 more households than originally planned. The network currently maintains over 99% up-time, though the actual Average Revenue per User (ARPU) of ₦3,500 Naira is ₦500 lower than the ₦4,000 Naira target. Following the pilot's success, Creeds Energy is seeking funding for a 1,000-household scale-up across 18 additional locations.
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Document type: Case study
The State of Electric School Bus Adoption in the US
As of September 2022, there are 13,053 committed electric school buses in the US, spanning 483 school districts across 39 states. California leads adoption, and the largest funding source is California's Hybrid and Zero-Emission Truck and Bus Voucher Incentive Program. While adoption is high in areas with significant air pollution and among communities of color, the highest number of buses are concentrated in districts with the lowest percentages of low-income households.
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Document type: Report
Climate Reporting Best Practices
The document outlines 13 best practices for climate reporting, emphasizing the need to connect stories to climate causes and consequences, integrate climate coverage across all news beats, and center climate justice by highlighting marginalized and Indigenous voices. It advises journalists to avoid jargon, report on solutions alongside problems, and remain skeptical of greenwashing and corporate spin. Furthermore, it argues against platforming climate denialists in the name of balance and encourages the use of representative visuals and self-care for reporters facing burnout.
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Document type: Guide
SONA 2023: Restore hope, build state capacity to protect and advance rights
The Institute for Economic Justice (IEJ) critiques the 2023 SONA for relying on private sector solutions for infrastructure and the energy transition, which it argues undermines state capacity and affordability. While welcoming the National State of Disaster for the energy crisis and the extension of the Social Relief of Distress (SRD) grant, the IEJ highlights failures in grant accessibility and the imbalance of the Just Energy Transition Investment Plan (JET-IP), where infrastructure receives 89.4% of funding compared to minimal allocations for skills and diversification. The IEJ calls for a radical shift toward a rights-centered development agenda, including the removal of Eskom's debt from its balance sheet and the implementation of a universal basic income grant.
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Document type: Statement
Time To Scale It All Up
The We Mean Business Coalition calls for a massive increase in climate finance, specifically $3 trillion per year, to achieve net zero and address nature loss. The text references 'The Breakthrough Effect' report, which identifies electric vehicles, green ammonia, and plant-based diets as positive tipping points for emissions reduction. It emphasizes the role of the Giving to Amplify Earth Action (GAEA) initiative in leveraging philanthropy to unlock public and private funding. Additionally, it notes that 92% of organizations surveyed in the 'Corporate Minds of Climate' report prioritize long-term decarbonization, and highlights the impact of the Science-Based Targets Initiative (SBTi), SME Climate Hub, and RE100 in driving corporate climate commitments.
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Document type: Statement
La solidarietà in tempo di crisi
The text examines the intersection of the cost-of-living crisis, energy insecurity, and climate change in Europe, arguing that these shocks reveal the failure of the current socioeconomic model. It suggests that Green parties must move beyond austerity or simple redistribution to advocate for public investments in the green transition, decentralized renewable energy cooperatives, and a Green New Deal to ensure social protections and ecological resilience.
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Document type: Statement
We Need More Women in Science and Leadership
The author contends that the energy transition requires a more diverse workforce, noting that women are significantly underrepresented in STEM and senior leadership roles compared to the general workforce. The text highlights the economic benefits of gender diversity, citing higher returns on equity for companies with women in management, and emphasizes the role of mentorship programs like the WIRE Network in dismantling barriers for women in the Global South. It concludes that increasing female leadership is essential for driving investment in renewable energy and meeting 2030 climate deadlines.
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Document type: Statement
Five Ways to Finance Early Coal Phaseout
The briefing outlines the necessity of a "managed phaseout" for coal plants, where stakeholders coordinate to retire plants early and replace them with clean energy. It identifies five specific financing mechanisms—managed transition vehicles, coal retirement credits, ratepayer-backed securitizations, power hedges, and concessional financing—that can provide the necessary capital to compensate workers and communities while funding renewable energy projects.
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Document type: Briefing