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Reducing fragmentation and fostering interoperability in trade-related climate measures
The paper argues that fragmentation of trade-related climate measures (TrCMs) creates significant regulatory burdens, particularly for small and medium-sized enterprises in smaller economies. It distinguishes 'interoperability'—the ability to pass useful information between systems—from 'harmonization,' suggesting that focusing on the former allows governments to reduce trade barriers while preserving policy space. The author proposes several strategies to achieve this, including alignment with international standards like ISO 14067 and IPCC guidelines, adopting flexible information systems, focusing on high-impact sectoral products (e.g., steel, aluminium, and concrete), and utilizing a structured 'top-down' approach to collaboration based on a hierarchy of regulatory objectives and principles.
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Document type: Research paper
An exporter’s technical guide
The guide explains the transition of the EU CBAM to its definitive phase in January 2026, emphasizing the financial impact on exporters of steel and aluminum. It highlights that the use of high default values for missing verified emissions data increases costs, while carbon prices paid in the country of origin can be deducted from CBAM liability.
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Document type: Guide
Joint Statement on the upcoming proposal for an Industrial Accelerator Act
A joint statement by industrial, research, and civil society organisations urging the European Commission to broaden the scope and ambition of the proposed Industrial Accelerator Act to better stimulate demand for low-carbon industrial products in Europe.
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Document type: Statement
How South Korea’s 2035 NDC can drive private sector action and investment
The document highlights the economic and legal imperatives for South Korea to strengthen its 2035 NDC, noting strong business support for a transition to renewables and a landmark Constitutional Court ruling requiring more robust climate targets to protect citizens' rights.
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Document type: Briefing
Pedal to the Lower-carbon Metal
The document describes how a global automaker used Climate TRACE and TASA Analytics data to move beyond coarse 'spend-based' emissions factors to granular, facility-level intelligence for steel and aluminium. By integrating Scope 1 and 2 emissions factors with rapid IO-LCA (rLCA) models, the project revealed significant emissions intensity variations across production methods and countries. Key findings highlight the potential for emissions reductions through increased scrap use in both steel and aluminium production and the inaccuracy of standard EEIO data in certain regions.
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Document type: Case study
Hydrogen — Made in America, For America
The report identifies fragmented policies and challenged economics as primary barriers to the US hydrogen industry's scale-up, risking a loss of global leadership. It suggests that federal and state policymakers should maintain incentives, promote exports, and increase demand-side supports across sectors such as steel, aviation, and maritime shipping to secure supply chains and expand the industrial base.
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Document type: Report
Paying for Clean Building Materials with C-PACE
C-PACE programs have provided $9 billion in financing for energy efficiency in 25 US states and cities, but most were established before embodied carbon data was available. The briefing proposes that C-PACE administrators update guidelines to classify low-embodied-carbon materials as "energy improvements," utilizing tools like Environmental Product Declarations (EPDs) and Whole Building Life Cycle Assessments. To incentivize this shift, the author suggests increasing financing limits for projects that demonstrate embodied carbon reduction. RMI is facilitating a working group through 2025 to develop nationwide best practices for integrating embodied carbon into C-PACE guidelines.
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Document type: Briefing
Creating a Clean Industry in Central and Eastern Europe: Recommendations for EU and National Governments
The document argues that Central and Eastern European (CEE) countries are heavily reliant on carbon-intensive heavy industries but possess significant potential for clean industry due to renewable energy resources and carbon dioxide storage. It calls for EU industrial policy to shift toward a place-based approach that supports countries with high deployment potential regardless of their current innovation track record. Key recommendations for the EU include revising the Public Procurement Directive to include lifecycle emissions and redesigning the Innovation Fund for first-of-a-kind national deployments. For CEE national governments, the statement recommends earmarking EU ETS revenues for climate action, implementing Carbon Contracts for Difference, and conducting integrated infrastructure planning for hydrogen and carbon dioxide transport.
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Document type: Statement
Heavy Industries Trade, Climate, and Net Zero Pathways: Scenarios and Implications for Developing Countries and Climate-Resilient Development
The document examines the transition of energy-intensive heavy industries toward net-zero emissions, highlighting how global trade dynamics and national policies in developed economies impact emerging markets. It identifies four primary technological levers for decarbonization: energy efficiency, alternative fuel use/electrification, material efficiency, and carbon capture and storage. The author argues that while developing countries with abundant renewables can become new green industrial hubs, they face significant risks from carbon border measures, green protectionism, and reduced access to secondary materials. The briefing emphasizes the need for international coordination on standards, technology transfer, and finance to ensure a just transition for emerging and developing economies.
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Document type: Briefing
Structuring Demand for Lower-Carbon Materials
The report examines the use of environmental attribute certificates (EACs) via a book and claim model to scale lower-carbon steel and concrete. It argues that this mechanism allows organizations to fund upstream decarbonization even when they cannot directly procure low-carbon materials. The authors identify critical infrastructure needs—including certification schemes, standards, registries, and reporting guidelines—and share lessons from a Microsoft pilot, noting that the market is currently in early stages with a lack of fit-for-purpose accounting methods.
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Document type: Report
Buy Clean and Beyond
RMI's guide outlines a framework for US state governments to reduce embodied carbon—emissions from the extraction, manufacturing, transport, construction, and disposal of materials—in state-owned building projects. The guide proposes four core strategies, including the implementation of Buy Clean policies targeting high-emitting materials like steel and cement, to send demand signals to the market and accelerate decarbonization across the building industry's value chain.
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Document type: Guide
Glasgow Financial Alliance for Net Zero (GFANZ) Consultation
Carbon Market Watch criticises the GFANZ's proposed Expected Emission Reductions (EER) methodology, arguing that its reliance on subjective 'business-as-usual' baselines creates risks of manipulation and may encourage continued investment in high-emission industries without sufficient engagement strategies.
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Document type: Statement
Low-Carbon Procurement Accelerates Net-Zero Transition
The report advocates for low-carbon procurement in China's heavy industry to reduce transition costs via economies of scale and shared green premiums. It outlines a five-part implementation framework and identifies five priority value chains: steel-automotive, steel-construction, cement-construction, aluminum-automotive, and plastics-consumer goods.
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Document type: Report
Ready to deploy: How Saudi Arabia and the United Arab Emirates can scale up carbon capture and storage in the Gulf
The policy brief outlines how Saudi Arabia and the UAE can leverage their geological storage potential and National Oil Companies to scale up carbon capture and storage (CCS). It identifies current project statuses, storage capacities, and recommends the creation of carbon management strategies, open-access storage hubs, and enduring financial incentives to decarbonize hard-to-abate industries and the power sector.
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Document type: Policy brief
Three Federal Funding Pools Every Industrial Project Developer Should Know About
The guide outlines three federal funding pools for US clean industrial projects: the Office of Clean Energy Demonstration (OCED) providing grants up to 50% of costs for non-commercial technologies; the Loan Programs Office (LPO) offering up to $412 billion in loan authority to bridge projects to bankability; and various uncapped Section 45 tax credits for hydrogen, heavy industry, and carbon management. It emphasizes the role of these incentives in enabling the creation of 'clean industrial hubs' and the necessity of coordinating federal, state, and private capital to realize these projects.
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Document type: Guide
G20's Green Public Procurement Potential
The document highlights the role of Green Public Procurement (GPP) in the construction sector as a tool for G20 nations to reduce environmental impacts and meet climate commitments, specifically in sectors like steel and cement. It asserts that achieving this requires collaboration among G20 members and the adoption of clear mandates, monitoring, upskilling, and time-bound targets.
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Document type: Policy brief
Global Climate Action 2022
The report identifies 601 International Climate Initiatives (ICIs) launched since 2013, noting that while the number of initiatives grew, productivity and performance have trended downwards since 2019. There is a significant underrepresentation of the Global South in terms of funding, leadership, and participation. Regarding the COP26 'Glasgow initiatives', the report finds they theoretically cover 75% of the 14 GtCO2e ambition gap for 2030, but current signatories would only provide 4 GtCO2e in additional reductions; an additional 7 GtCO2e could be achieved if more governments signed up.
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Document type: Executive summary
Decarbonizing Hard-to-Abate Industries: The Importance of a New Accounting Method
RMI proposes a shift from corporate-level carbon aggregation to product-level accounting that differentiates the emissions intensity of virgin and recycled materials. This method aims to address the lack of transparency in the supply chains of steel, aluminum, and petrochemicals, which together accounted for 14 percent of global GHG emissions in 2019. While circularity offers immediate emissions cuts and environmental benefits—such as reducing iron ore extraction by 37 percent—recycled inputs are projected to meet only 70 percent of steel demand by 2050, necessitating the simultaneous scaling of zero-carbon technologies for virgin materials. The proposed accounting guidance is intended to help corporations verify supplier progress, allow producers to gain competitive advantages, and assist policymakers in enforcing instruments like the Carbon Border Adjustment Mechanism (CBAM).
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Document type: Briefing
Peru Sustainable Finance State of the Market 2022
The report analyzes Peru's sustainable finance landscape, noting that while it was a regional pioneer with the first green bond in 2014, its GSS+ market has expanded more slowly than its peers. As of April 2022, the market reached approximately USD 6.6bn across 16 deals, dominated by sovereign sustainability bonds. The document identifies significant investment gaps in infrastructure (USD 110bn) and sanitation (USD 22bn), while highlighting opportunities in renewable energy, low-carbon agriculture, and nature-based solutions. It outlines structural barriers such as low market liquidity, currency hedging challenges, and political instability, and recommends the development of a national green finance taxonomy by 2025 to provide clarity and attract capital.
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Document type: Report
Net Zero Stocktake 2022
The Net Zero Stocktake 2022 finds that while net zero target setting has expanded significantly—particularly among national governments and large companies—there is an 'alarming lack of credibility' across the landscape. Fewer than one-fifth of national and sub-national targets meet minimum procedural robustness standards, and 65% of corporate targets similarly fail these standards. The report highlights a widespread lack of transparency regarding the use of external offset credits and a deficiency in covering Scope 3 emissions among companies.
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Document type: Executive summary