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The Canadian Climate Institute evaluates the Office of the Superintendent of Financial Institutions' (OSFI) Standardized Climate Scenario Analysis Exercise (SCSAE), arguing that while it is a positive step toward normalizing climate risk management for federal financial institutions, it is currently 'exagérément simplifié'. The Institute recommends that the SCSAE move beyond simple exposure analysis to incorporate asset vulnerability, regional differences within Canada, and the economic opportunities presented by the clean energy transition to avoid distorting the financial risk landscape.

The Canadian Climate Institute supports the Office of the Superintendent of Financial Institutions' (OSFI) draft Standardized Climate Scenario Exercise (SCSE) but argues it is currently oversimplified. The Institute recommends that OSFI explicitly disclose limitations regarding the lack of regional data and the omission of clean energy opportunities. It specifically warns that the SCSE confuses 'exposure' with 'risk' in its physical and real estate modules, failing to account for asset vulnerability and comprehensive climate policy. To increase practical value, the Institute suggests piloting risk assessments for a small number of highly material risks, such as flooding, rather than broad hazard exposure mapping.

The report examines the vulnerability of global trade infrastructure—including ports, roads, railways, and air transport—to both sudden extreme weather events and slow-onset impacts like sea-level rise. It highlights how the concentration of production centres in climate-vulnerable regions and the interconnected nature of global value chains can amplify the economic effects of localized disruptions.

Carbon Market Watch (CMW) opposes the current draft of the Free Allocation Regulation (FAR) revision, stating it increases free allowances for industrial sectors and contradicts the political mandate of the EU ETS Directive. CMW identifies critical failures in steel and cement benchmarking, the use of median production levels for Historical Activity Level (HAL) calculations, and an insufficiently ambitious reduction in free allowances for process emissions.

Reclaim Finance asserts that the 'transitioning away from fossil fuels' agreement at COP28 must be backed by concrete action from rich countries. It calls for the EU, US, Canada, Norway, the UK, and Australia to end domestic oil and gas production, stop their financial institutions from enabling global fossil fuel expansion, and provide concessional finance for just coal retirements and renewable energy deployment in the Global South.

The document calls on the EU, the US, and Canada to move beyond negotiation terms from COP28 by rapidly phasing out domestic fossil fuel production and use, ending financial institution support for fossil fuel expansion, and providing concessional financing to developing nations to triple renewable energy deployment and double energy efficiency.

The study investigates the transition of Poland's power system to a 99% reduction in emissions by 2050. The 'base' scenario identifies onshore wind as the dominant generation source, complemented by nuclear power, gas plants with carbon capture and storage (CCS), and hydrogen storage. The analysis emphasizes that a technology-inclusive approach is essential for competitiveness, as scenarios excluding nuclear and CCS result in significantly higher electricity prices and system costs. Key recommendations include maximizing onshore wind deployment, advancing a nuclear fleet exceeding 8 GW, and establishing CO2 transport and storage infrastructure by 2035.

A coalition of NGOs, led by ClientEarth, is urging the European Commission to withdraw a proposal published on 6 December 2023 that would remove critical safeguards from multiannual plans (MAPs) for the Baltic Sea, North Sea, and Western Waters. The NGOs argue that deleting the requirement to ensure less than a 5% probability of stocks falling below the limit level (Blim) would endanger depleted fish stocks and damage the EU's international reputation for sustainable fisheries management. They further allege that the proposal was issued without proper stakeholder consultation or impact assessment and appears intended to legalise an unlawful Council Regulation regarding 2024 fishing opportunities.

The document critiques the COP28 final declaration for lacking a commitment to a 'fossil fuel phaseout' and for being lenient on coal and gas. It argues that developed countries, particularly France and the UK, must stop their financial institutions from enabling fossil fuel expansion and instead provide concessional finance and de-risking mechanisms to help developing countries transition to renewables and energy efficiency.

The briefing analyzes four 2023 U.S. Congressional bills: the PROVE IT Act, which focuses on emissions intensity data; the Foreign Pollution Fee Act, which proposes fees on imports exceeding U.S. emissions averages; the Clean Competition Act, which suggests charges for both domestic and imported goods exceeding benchmarks; and the MARKET CHOICE Act, which proposes a broad carbon tax with border adjustments.

The report analyzes EU energy data from 2021 to 2023 to demonstrate how reliance on gas as a marginal electricity generator increases price volatility and energy inflation. It highlights that gas set electricity prices 55% of the time in 2022 and notes that energy inflation (HICP energy) typically rises between 20% and 45% when electricity prices exceed 150€/MWh. The author criticizes the EU's expansion of LNG infrastructure as a source of further volatility and calls on the European Central Bank to support renewable energy and energy efficiency to maintain long-term price stability.

Türkiye has a rooftop solar technical potential of at least 120 GW, which could meet 45% of the country's 2022 electricity consumption. Despite this potential, solar's share of generation lags behind northern European countries. The report highlights that expanding rooftop solar could reduce residential electricity subsidies, which totaled approximately $3.6 billion from September 2022 to August 2023, and help industries avoid EU Carbon Border Adjustment Mechanism (CBAM) penalties. It recommends implementing installation obligations for new buildings and adopting virtual net metering for apartments, drawing on successful global examples from China, Poland, and the Netherlands.

The document argues that limiting global temperature rise to 1.5°C requires an immediate stop to burning fossil fuels, urging governments to halve global fossil fuel use by 2035 and stop new fossil fuel project investments. It highlights the role of cities and businesses in this transition, noting that solar and wind are already cheaper than new fossil gas electricity in most C40 city locations. Examples of city-level action include fossil gas bans in new buildings in several US cities and renewable energy targets in Los Angeles, Mexico City, and Seoul. Additionally, over 200 companies with nearly US$1.5 trillion in revenue are calling for clear phase-out timelines, 100% decarbonised power, and the reform of fossil fuel subsidies.

The Clean Air Task Force (CATF) advocates for the adoption of three specific accounting standards—new supply, hourly matching, and deliverability—for the Section 45V Clean Hydrogen Production Tax Credit. CATF warns that without these 'Three Pillars,' electrolytic hydrogen could result in consequential emissions twice as high as conventional 'gray' hydrogen by diverting clean power from the grid and forcing a reliance on fossil fuel generation. While the organization suggests these strict standards are essential for long-term deployment funding under 45V and EPA rules, it notes they may be less critical for short-term demonstration programs like the Regional Clean Hydrogen Hubs Program.

The report examines the necessity of international cooperation to prevent the uncoordinated proliferation of divergent Border Carbon Adjustment (BCA) mechanisms, which could increase transaction costs and hinder climate diplomacy. It evaluates three emerging cooperation models: the G7 Climate Club, the Global Arrangement on Sustainable Steel and Aluminium (GASSA), and the OECD's Inclusive Forum on Carbon Mitigation Approaches (IFCMA).

The Buildings Criteria provide a framework for certifying Use-of-Proceeds instruments, assets, entities, and Sustainability-Linked Debt based on their emissions performance. Eligibility is determined through two primary pathways: an Absolute Performance Threshold (using city-specific trajectories or approved proxies) and a Relative Performance Improvement pathway (requiring 30-50% emissions reductions for retrofits). New buildings constructed after 2023 face stricter requirements, including a total ban on fossil fuels for heating, hot water, and cooking, and mandatory infrastructure for electric mobility. Starting January 1, 2026, new buildings must also report on Whole Life Carbon Assessments (WLCA), with specific emissions thresholds for steel and cement. The criteria also define certification levels for entities and sustainability-linked debt, categorizing them as either 'Aligned' or 'Transition' based on their adherence to low-carbon trajectories.

The statement criticises the EU for granting billions of euros in free emission allowances to heavy industry, which it claims contradicts the 'polluter pays' principle. It contrasts the high value of these industrial subsidies with the capped funding of the Social Climate Fund, intended to protect vulnerable citizens from the costs of the new ETS2 system for buildings and transport.

The EU ETS will expand to shipping in 2024, applying the 'polluter pays principle' to cargo and passenger ships of 5,000 gross tonnage and above. The system covers 100% of emissions for voyages between EU ports and 50% for voyages between EU and non-EU ports. Costs will be phased in, starting with 40% of 2024 emissions paid in 2025, reaching 100% by 2027. While CO2 is covered from 2024, methane and nitrous oxide will be included from 2026. Revenue will support the Innovation Fund and member state climate projects, with specific exemptions for ice-traveling ships, certain outermost regions, and small island ferries until 2030.

The document highlights the critical need for timely financing to decarbonize heavy industry in emerging and developing economies, noting that steel and cement production alone account for 11% of global greenhouse gas emissions. It argues that IFIs can accelerate the transition to net zero by providing concessional capital to de-risk investments and offering technical assistance for national and corporate roadmaps. However, IFI engagement is currently in its early stages due to barriers such as misaligned financing mandates, the massive scale of required investments, and competing country priorities.

The Electrical Utilities Criteria provide a framework for certifying entities and debt instruments based on their emissions intensity and transition pathways toward net-zero by 2040. The criteria distinguish between existing and new capacity, setting specific GHG thresholds for low-carbon technologies and phase-out dates for unabated fossil fuel plants. It also defines requirements for mitigation measures like CCS/CCUS and cofiring, as well as a comprehensive adaptation and resilience checklist to ensure infrastructure is robust against physical climate hazards.