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Global operating coal capacity increased by 48.4 GW in 2023, reaching a total of 2,130 GW, primarily driven by a surge of new plants in China. While construction starts hit record lows outside of China, China's new construction starts reached an eight-year high of 70.2 GW. Despite a growing number of countries committing to 'No New Coal', 75% of global operating coal capacity still lacks a specific closure commitment, hindering alignment with the Paris Agreement goals.

The G7 is urged to set a goal to triple its renewable energy capacity by 2030, as current collective targets only aim for a doubling. This alignment is presented as necessary to meet the global goal agreed upon at COP28 and to keep the 1.5C temperature goal within reach.

The We Mean Business Coalition calls on G7 nations to lead the global energy transition by embedding specific phase-out timelines for unabated fossil fuels into their new Nationally Determined Contributions (NDCs). The statement advocates for the decarbonization of power systems by 2035, the tripling of renewable energy capacity by 2030, and the reform of fossil fuel subsidies by 2025. It emphasizes that early transition will enhance long-term competitiveness, energy security, and public health, while urging G7 countries to provide finance and capacity-building to the Global South for 1.5°C-aligned economic pathways.

The UK is urged to establish a methane import standard aligned with the EU's Methane Regulation to drive global emissions reductions and protect its own export competitiveness. By setting a methane intensity performance standard of 0.2%, the UK could contribute to a reduction of 25,465 kt of methane globally and up to 124 kt domestically. The brief also recommends a formal Methane Action Plan, a legal ban on routine venting and flaring by 2026, and increased financial contributions to methane abatement projects via international financial institutions.

The study assesses three geofluid scenarios and three power generation models, concluding that an unwashed open cycle plant is the most efficient pathway for superhot rock energy. It identifies a technology gap in steam turbine design, which is rated at TRL 5-6, while other surface equipment is rated TRL 8-9. The report recommends dry cooling (Air-Cooled Condensers) to minimize water consumption and estimates the surface facility capital cost at $1,988.50 USD/kW.

The report identifies a critical need to accelerate building renovations in Europe, noting that approximately 97% of the region's building stock requires upgrades to meet 2050 net-zero targets. It argues that while the EU's 'Fit for 55' package and the Energy Performance of Buildings Directive (EPBD) provide a foundation, additional policy interventions are needed to unlock private capital and overcome financial and non-financial barriers. The document details 20 specific policy levers, including the implementation of Minimum Energy Performance Standards (MEPS), the phasing out of fossil-fuel subsidies by 2040, and the adoption of 'Building Renovation Passports'. It emphasizes the role of green bonds and mortgages, suggesting a voluntary EU-wide definition for green mortgages to improve data collection and risk management. The report also advocates for the electrification of heating via heat pumps over hydrogen blending and highlights the importance of addressing 'Whole Life Carbon' (WLC) in construction.

The report finds that Repsol's investment strategy prioritizes oil and gas and shareholder returns over renewable energy, with 2030 production targets projected to be 65% higher than those required for NZE alignment. While the company is diversifying into renewables and hydrogen, these remain marginal, with oil and gas expected to constitute over 70% of its energy mix by 2030. Additionally, the report notes that Repsol's scope 3 emission targets are less ambitious than its scope 1 and 2 targets, and its carbon intensity target for 2030 is 21.9% higher than the NZE.

The document identifies numerous factual errors made by candidates from various political parties during a debate on the ecological and social transition. Key corrections include debunking claims that the EU Green Deal currently imposes norms on farmers, correcting the ranking of France as the EU's third-largest agricultural exporter rather than the first, and clarifying that France's energy mix is the second most decarbonized in Europe, behind Sweden. It also addresses misconceptions about the carbon footprint of Chinese-made renewables, the efficacy of hydrogen cars, and the actual population and migration figures in Mayotte.

The author contends that recent farmer protests in Europe and India stem from systemic issues including unfair trade agreements, corporate price-gouging, and a subsidy system that favors large-scale industrial farming. The document criticizes the European Commission's decision to scrap pesticide targets and loosen environmental requirements, arguing that these 'U-turns' ignore the root causes of farmer distress. Instead, the author proposes a 'just transition' that includes a carbon border adjustment mechanism for agriculture, a rethink of the Mercosur trade deal, and a CAP that rewards environmental stewardship over land ownership.

The report examines Energy Communities (ECs) in the EU, highlighting their role in democratising energy and achieving climate goals. It distinguishes between Citizen Energy Communities (CECs) and Renewable Energy Communities (RECs), noting that as of 2022, over 9,000 ECs were operational in the EU. The document details the climate, economic, and social benefits of these models, such as reduced energy poverty and increased grid resilience. Through case studies of Germany, Denmark, Latvia, and Greece, it illustrates how national legislation and financial incentives—like feed-in tariffs and grants—drive adoption. The report concludes that while the EU is a leader in these models, non-EU nations should consider similar legal recognitions to support a just energy transition.

The author contends that the European People's Party (EPP) is actively undermining the European Green Deal and the Nature Restoration Law, moving away from its centrist roots toward a national-conservative ideology. This shift is framed as a strategic attempt to compete with far-right parties, which the author suggests strengthens those movements. The text highlights the precarious position of the Greens, who must now defend moderate policies they previously found insufficiently ambitious, and concludes that the 2024 elections are critical for determining whether the EU continues toward a climate-neutral future.

The report argues that Poland, as one of Europe's most carbon-intensive economies, must adopt a diversified technology portfolio to achieve climate neutrality. It recommends a shift from coal (currently 70% of the power mix) toward a combination of renewables, nuclear energy, carbon capture and storage (CCS), clean hydrogen, and superhot rock geothermal energy. The authors emphasize that restricting technology options would significantly increase system costs and infrastructure needs. Key policy recommendations include implementing 'carbon contracts for difference' to advance CCS, prioritizing clean hydrogen for 'no regrets' industrial sectors, and reforming the nuclear industry through standardized, product-based business models. Additionally, the report calls for urgent action to reduce methane emissions from the oil and gas sector and the mapping of thousands of abandoned wells. Public polling indicates strong Polish support for advanced nuclear (63%) and superhot rock energy (66%).

The report analyzes the sustainability-linked bond (SLB) market, finding that while it is diversifying, a high share of deals lack ambition and credibility. Key issues include partial GHG scope coverage, a lack of science-based targets, and poor post-issuance reporting. The report introduces the Climate Bonds SLB Database (SLBDB) to identify aligned deals and provides a best-practice checklist for issuers, emphasizing the need for material KPIs, transparent transition plans, and robust financial penalties.

The Europe Gas Tracker Report 2024 finds that Europe is continuing a massive gas infrastructure buildout despite emerging from its energy crisis and seeing a decline in gas demand. With €84.1 billion in planned LNG terminals and pipelines, the report argues that the region is creating significant overcapacity and risking stranded assets. It further warns that these projects could increase annual emissions by up to 1.1 gigatonnes CO2e, undermining the EU's 'Fit for 55' goals. Additionally, the report characterizes the proposed 35,000 km hydrogen pipeline network as a 'red herring' that may serve to lock in methane gas infrastructure due to technical incompatibilities and the lack of green hydrogen production.

The report provides a detailed market assessment of the refining industry in four key regions, analyzing the transition from traditional crude-based products to low-carbon alternatives like SAF, green ammonia, and e-methanol, while evaluating the impact of regional climate policies.

The document argues that next-generation geothermal technologies, particularly superhot rock (SHR) energy, could provide cost-competitive 24/7 renewable electricity but are currently hindered by permitting bottlenecks, high capital costs, and research silos. It recommends expanding permitting capacity at the Department of the Interior, providing targeted financial incentives, establishing a public-private research agenda for 400°C+ conditions, and creating a new superhot field testing site to complement the existing FORGE site in Utah. Additionally, it calls for a dedicated program area within the Geothermal Technologies Office (GTO) to focus on high-temperature innovation and the improvement of shared data resources like the Geothermal Data Repository.

In 2023, EU fossil fuel generation fell to less than a third of the electricity mix (33%) for the first time, driven by a record 26% drop in coal generation. Wind and solar combined for 27% of EU electricity, with wind surpassing gas power for the first time. While solar capacity grew by 56 GW, wind generation growth remains inconsistent and below the 15% annual increase needed for REPowerEU targets. EU electricity demand fell by 3.4% in 2023 to its lowest level since 2001, though a rise of 2-3% is projected for 2024. To support this transition, the EU requires significant grid investments—estimated at €584 billion by 2030—and an increase in storage capacity to 200 GW by 2030 to manage variable renewable energy and reduce curtailment.

The document argues that carbon capture and storage (CCS) is essential for Europe to reach net-zero emissions by 2050, particularly for hard-to-abate industrial sectors like cement and steel. It details the technical processes of capture and geological storage, asserts that leakage risks are extremely low, and outlines current project developments in the North Sea region and across the EU. The text also addresses the economic viability of CCS, noting that while costs vary by industry, the technology is often the lowest-cost path for specific industrial decarbonisation and carbon dioxide removal (CDR).

The authors identify a category of 'risks of response' where climate policies trigger security dynamics, exemplified by widespread farmer protests across Europe. These protests, driven by grievances over fuel subsidies and environmental regulations, have escalated into violence and provided opportunities for far-right parties to foment instability. The text warns that this 'green backlash' could slow the transition and increase global security risks if not managed with better risk assessments and ameliorating measures.

The document argues that large-scale deployment of CCS is essential for Europe to reach climate neutrality by 2050, yet current draft NECPs show significant gaps in targets and planning. It provides a framework for Member States to assess storage capacity, map projects, engage stakeholders, and establish financing and regional cooperation for CO2 transport and storage networks.