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Sustainable Debt Global State of the Market 2025
The Climate Bonds Initiative's 2025 report details the state of the global aligned GSS+ (green, social, sustainability, and sustainability-linked) debt market, which reached a cumulative volume of USD 6.8 trillion by the end of 2025. The report highlights the continued dominance of green bonds, the growth of sustainability-labelled debt, and the emergence of adaptation and resilience (A&R) finance as a significant new frontier, exemplified by the launch of the Climate Bonds Resilience Taxonomy (CBRT).
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Document type: Report
Que signifie l’avis consultatif de la Cour internationale de Justice sur le changement climatique pour les subventions nuisibles à l’environnement?
This IISD briefing analyzes the July 2025 ICJ advisory opinion, which suggests that providing fossil fuel subsidies may constitute an internationally wrongful act. It argues that this legal reasoning could extend to other harmful subsidies, such as those in agriculture, and urges states to implement transparent, gradual phase-outs of such incentives to reduce their international legal risk.
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Document type: Briefing
Que signifie l’avis consultatif de la Cour internationale de Justice sur le changement climatique pour le droit international des investissements ?
This briefing by the International Institute for Sustainable Development (IISD) analyzes the implications of a July 2025 International Court of Justice (ICJ) advisory opinion on climate change for international investment law. It argues that the ICJ's recognition of climate action as a binding legal obligation undermines investor claims based on 'legitimate expectations' for fossil fuel activities and provides states with stronger legal defenses against Investor-State Dispute Settlement (ISDS) claims.
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Document type: Briefing
Prospective wind and utility-scale solar pipeline reached almost 5 TW in 2025
The global pipeline for wind and utility-scale solar projects grew by 11% in 2025, reaching 4.9 TW. While China and India lead in construction and prospective capacity, G7 nations show stagnant growth in their pipelines, creating a gap in meeting the COP28 goal to triple renewable energy capacity by 2030.
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Document type: Report
Hot stuff: geothermal energy in Europe
This report by Ember analyzes the evolving potential of geothermal electricity in Europe, highlighting how technological advances in drilling and reservoir engineering are making geothermal a cost-competitive, firm, low-carbon alternative to fossil fuels. It emphasizes that while Europe pioneered many of these technologies, it now risks losing its leadership to the US and Canada due to a lack of coordinated EU-level policy and investment frameworks.
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Document type: Report
ICJ AO Litigation Notes Digest February 2026 Litigation Note on Challenging Speculative or Harmful Climate Interventions and Offset-Based Climate Mitigation Measures
This briefing note by the Center for International Environmental Law (CIEL) analyzes the International Court of Justice's (ICJ) July 2025 Advisory Opinion (AO) on climate change. It specifically examines how the AO's findings on State obligations—including the duty to prevent harm, stringent due diligence, and the precautionary principle—can be used to challenge reliance on speculative climate interventions (such as geoengineering and carbon capture) and offset-based mitigation measures that may delay the phase-out of fossil fuels.
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Document type: Briefing
ICJ AO Litigation Notes Digest February 2026
This briefing, produced by a coalition of climate litigation practitioners, provides structured 'Litigation Notes' to help lawyers integrate the International Court of Justice's (ICJ) July 23, 2025, advisory opinion (AO) on States' climate obligations into legal cases. This specific note focuses on corporate conduct, detailing how the ICJ AO establishes State duties to regulate private actors, particularly in the fossil fuel industry, to prevent significant environmental harm.
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Document type: Briefing
Early signs of the impact of batteries
This report analyzes the emerging role of grid-scale batteries in the European Union as of 2025, highlighting their ability to compete with expensive gas-fired power during peak demand hours and reduce the curtailment of renewable energy. Using Italy as a primary example and California as a comparative case study, the document details how falling battery costs and widening price spreads are driving a record project pipeline aimed at lowering wholesale electricity prices and reducing reliance on fossil fuels.
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Document type: Report
2025 at a glance
In 2025, the European Union's power sector reached a tipping point as wind and solar generation surpassed fossil fuels for the first time, accounting for 30.1% of electricity. While solar generation hit record highs and coal reached a historic low, gas power saw a slight increase, though it remained below pre-crisis levels.
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Document type: Report
European Electricity Review
The European Electricity Review 2026 by Ember analyzes electricity generation and demand across the EU-27 for 2025. The report highlights a historic tipping point where wind and solar combined to produce more electricity than all fossil fuel sources for the first time, while coal reached a new historic low. Despite this progress, the EU remains dependent on imported gas, which drove up electricity prices and import costs in 2025. The report emphasizes the role of battery storage in reducing gas reliance and curtailment of clean power.
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Document type: Report
Climate change is leading to less and worse tasting sparkling wine
This briefing by Zero Carbon Analytics examines how climate change is reducing the quantity and quality of sparkling wine globally. It details the impact of extreme weather on yields and pricing in key regions like France, Spain, and Italy, the chemical changes in grapes that alter flavor profiles, and the risks to agricultural workers. The document also discusses the limitations and costs of adaptation measures, noting that traditional wine-growing regions face a high risk of becoming unsuitable if global temperatures rise by 2°C or more.
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Document type: Briefing
Money on the line: scaling electricity interconnection for Europe's energy future
This report by Ember assesses the current state and future requirements of Europe's electricity interconnection. It finds that the EU is not on track to meet its 2030 interconnection targets, with 80% of the power system expected to miss the goal. To reach an optimal grid by 2040, Europe needs to nearly double its interconnection capacity, adding 151 GW, which requires an estimated €150 billion in investment. The report identifies a €30 billion public funding gap in the proposed Connecting Europe Facility for Energy (CEF-E) budget for 2028-2034, suggesting that this gap must be filled by EU loans and private funding to ensure energy security and cost-effectiveness.
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Document type: Report
Fossil Fuel Subsidy Reform Explained: 10 questions you’ve always wanted to ask
This guide from the International Institute for Sustainable Development (IISD) explains the nature of fossil fuel subsidies, the challenges of reforming them, and the benefits of transitioning to targeted social protection and clean energy. It highlights the role of the Coalition on Phasing Out Fossil Fuel Incentives Including Subsidies (COFFIS) in fostering international cooperation and transparency to make these reforms politically and socially viable.
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Document type: Guide
From Commitment to Implementation
This guide provides a structured framework for governments to develop and implement national or subnational fossil fuel subsidy (FFS) phase-out plans. It advocates for a whole-of-government approach to coordinate across ministries and proposes a three-category classification system to prioritize subsidies based on their risk to energy security, social stability, and political feasibility. The framework aims to move governments from general commitments to actionable, time-bound implementation roadmaps.
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Document type: Guide
Simpler and More Sustainable
This policy brief by the International Institute for Sustainable Development (IISD) examines the 2024 reform of the European Union's public procurement framework. It argues that while green public procurement (GPP) is a powerful lever for the green transition—given that public procurement accounts for approximately 14% of EU GDP—its implementation is hindered by legal uncertainties, administrative burdens, and capacity gaps. The document advocates for the use of robust, third-party verified tools such as ecolabels and life-cycle costing to simplify GPP and recommends specific legal and structural reforms to the EU directives to foster their uptake.
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Document type: Policy brief
COMPARATIVE REVIEW OF GLOBAL APPROACHES TO ELECTRICITY TARIFF SETTING
This report provides a comparative analysis of global electricity tariff-setting methodologies, focusing on the process of determining revenue requirements and conducting Cost of Supply (CoS) studies. It examines various regulatory models—including rate-of-return, incentive-based, performance-based, and market-based pricing—and evaluates their effectiveness in balancing financial sustainability for utilities with affordability for consumers. The document concludes with specific recommendations for South Africa to modernize its tariff structures and revenue determination processes as it transitions toward a wholesale electricity market.
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Document type: Report
What’s new with national renewable targets?
This report by Ember analyzes national 2030 renewable capacity targets across 96 countries and the EU. It finds that despite the COP28 pledge to triple global renewable capacity by 2030, national targets have remained largely stagnant, collectively amounting to a doubling rather than a tripling of 2022 capacity levels.
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Document type: Report
The China-US Trade War and Trump’s Critical Mineral Diplomacy: An Opportunity for Green Technology Transition in Africa
This research paper examines how the trade war between the US and China, alongside President Trump's critical mineral diplomacy, creates a strategic window for African nations to transition from raw material exporters to green technology manufacturing hubs. It argues that countries rich in minerals like cobalt and lithium can leverage geopolitical competition to secure technology transfer, domestic value addition, and diversified investment portfolios.
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Document type: Research paper
The cost of livestock and meat consumption on human health and the healthcare system
This fact sheet outlines the significant health and economic costs associated with livestock production and meat consumption. It links high red and processed meat intake to increased risks of heart disease, diabetes, and cancer, noting that such diets caused 0.9 million deaths globally in 2019. The document also highlights systemic risks from industrial farming, including zoonotic diseases, antimicrobial resistance, and air pollution. Economically, it estimates that red and processed meat consumption resulted in USD 285 billion in global healthcare costs in 2020. Conversely, it argues that transitioning to plant-based diets, such as the EAT-Lancet planetary health diet, could prevent millions of deaths annually and save trillions of dollars in health and ecosystem costs.
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Document type: Fact sheet
Heat and power: Impacts of the 2025 heatwave in Europe
This report by Ember analyses the impact of a June–July 2025 heatwave on European power systems, noting that while extreme temperatures drove up electricity demand and prices and caused thermal plant outages, record solar generation and storage helped maintain grid stability.
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Document type: Report