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In 2024, global electricity generation reached new record highs for solar, wind, hydro, gas, and coal. Solar was the fastest-growing source, increasing by 474 TWh to reach a 6.9% share of the global mix, with China contributing 53% of this growth. Wind generation also hit a record of 2,494 TWh, though growth slowed due to weather conditions. Hydro rebounded to an all-time high of 4,416 TWh following 2023 droughts, largely driven by China. Nuclear generation grew by 2.5% to 2,768 TWh, but its global market share fell to a 45-year low of 9%. Gas and coal both reached record generation levels in 2024, though their shares of the global electricity mix declined to 22% and 34% respectively, as electricity demand grew faster than their production.

The guide evaluates four green bank models—standalone green banks, green-focused policy development banks (PDBs), green facilities within PDBs, and country platforms—based on a country's economic position, governance, and product needs. It specifically highlights that country platforms are most suitable for low-income countries (LICs) and debt-distressed nations due to international financial institution (IFI) support. Additionally, the guide proposes three international support mechanisms: a new green bank design accelerator providing technical and seed funding, the expansion of existing platforms like the FiCS Innovation Lab, and the formation of a coalition of existing initiatives for knowledge exchange.

The report examines the role of green banks in bridging the USD 7.4 trillion annual climate funding gap. It identifies four main structures: standalone de novo banks, enhanced public development banks (PDBs), green facilities within PDBs, and country platforms. While standalone banks are more common in advanced economies, EMDEs frequently utilize green facilities as transitional mechanisms. The report emphasizes that success depends on financial, environmental, and political sustainability, and proposes three international support options: a new design initiative, expanding the FiCS Innovation Lab, or forming a coalition of existing initiatives.

The report argues that the Korean Emissions Trading Scheme (K-ETS) is undermined by a reliance on low-quality international carbon credits, which lead to over-crediting and depressed carbon prices. Using the EU ETS as a benchmark, the authors demonstrate how the EU phased out international credits to prioritize domestic reductions. A specific analysis of cookstove projects eligible for K-ETS finds they likely overestimate emission reductions by a factor of 18.3. The report also highlights systemic issues with hydropower and gas leak reduction projects, including lack of additionality and environmental harm. It recommends that South Korea ban international credits from the K-ETS, strengthen emission caps, and avoid using unreliable bilateral cooperation projects under Article 6.2 of the Paris Agreement to meet its 2030 Nationally Determined Contribution (NDC).

In 2024, global coal power reached a 20-year low in new capacity additions (44 GW), though the total global fleet still grew by 18.8 GW. While the EU27 saw a fourfold increase in decommissioned capacity and the UK closed its last coal plant, China saw record construction starts (94 GW) and India proposed record new capacity (38 GW). Russia has emerged as a leading developer of new coal projects, ranking fifth globally for development capacity, with plans focused on Siberia and the Far East to support energy demand and the domestic coal industry.

In 2024, the world commissioned the lowest amount of new coal power capacity in twenty years (44 GW), yet the global fleet still grew by 18.8 GW because additions exceeded retirements (25.2 GW). While the UK became the sixth country to phase out coal entirely and EU27 retirements grew fourfold, China and India dominated new developments, accounting for 92% of all newly proposed coal capacity. China saw its highest construction starts since 2015 (94 GW), and India recorded its highest year for new proposals (38.4 GW). In the OECD, proposals dropped to five, but annual retirements must more than triple to 70 GW to align with 1.5C pathways. Other trends include a surge in captive coal plants in Indonesia, the promotion of ammonia co-firing in Japan and South Korea, and continued coal pursuit in Russia, Mongolia, and Central Asia.

This guide explains how model contracts—both generic and nationally tailored—can help governments ensure responsible investment in agriculture. It details how these templates can integrate international standards, prevent problematic omissions, flag risky clauses like stabilization provisions, and promote transparency and legal harmonization.

The report argues that low-income countries face a systemic balance of payments crisis rather than a simple liquidity or solvency problem, driven by a rise in expensive, short-maturity non-guaranteed private debt and reversed capital flows. It proposes the Debt for Resilience (D4R) initiative, which would provide a standardized 50% reduction in the net present value (NPV) of official bilateral and multilateral debt for IDA-eligible countries. Participation would be contingent on an active IMF program and the development of nationally determined growth plans supported by the United Nations and World Bank to avoid austerity. The report also evaluates existing proposals like the Bridge Initiative and the Debt Relief for a Green and Inclusive Recovery (DRGR), arguing they rely on a flawed binary between liquidity and solvency and fail to account for the heterogeneity of countries' credit compositions.

In 2024, the world commissioned the lowest amount of new coal power capacity in twenty years (44 GW), yet the global coal fleet still grew by 18.8 GW because additions exceeded retirements. The report highlights a stark divergence: while the UK became coal-free and EU27 retirements quadrupled, China saw its highest construction starts since 2015 (94 GW) and India recorded its highest year for new proposals (38.4 GW). Together, China and India accounted for 92% of all newly proposed coal capacity in 2024. In the OECD, proposals have plummeted from 142 in 2015 to five today, though annual retirements must more than triple to 70 GW to meet 1.5°C pathways. The report also notes the rise of 'captive' coal plants in Indonesia and the promotion of ammonia co-firing in Japan and South Korea as strategies to prolong coal use.

The International Institute for Sustainable Development calls for the inclusion of natural resource taxation in the FfD4 outcome document, noting that the current zero draft overlooks this critical revenue source. The author highlights that resource rents are vital for many lower- and middle-income countries but are often undermined by tax avoidance and weak governance. The statement proposes specific amendments to the FfD4 draft to ensure fair fiscal terms and better benefit-sharing, particularly regarding critical energy transition minerals.

The document defines a climate change adaptation investment plan (CCAIP) as a detailed set of investment-ready priority activities linked to specific financial sources. It outlines a structured process for developing these plans—including risk assessment, bundling activities into 'packages', and economic appraisal—to bridge the global adaptation finance gap. The briefing distinguishes CCAIPs from broader NAP financing strategies by their narrower scope, higher granularity, and focus on immediate implementation. It identifies key enabling factors such as political leadership (particularly from ministries of finance), institutional arrangements, and the integration of gender equality and social inclusion (GESI). The text also details various domestic and international funding sources and financial instruments, such as green bonds, blended finance, and debt-for-climate swaps, to support these investments.

The research evaluates Mongolia's greenhouse gas emission trajectories up to 2050, comparing a baseline scenario with one incorporating 49 mitigation measures. While emissions could rise significantly without intervention, the proposed measures could reduce 2050 emissions by 40% relative to the baseline, though the authors note that technical feasibility and full decarbonization remain distant goals due to implementation barriers.

The document defines ring-fencing as a limitation on the consolidation of income and deductions across different projects or activities for tax purposes. It argues that while ring-fencing can discourage investment in marginal ore bodies and increase compliance costs, it is essential for capturing economic rents, preventing permanent revenue loss from unsuccessful exploration, and mitigating BEPS practices. The guide recommends ring-fencing by mining licence area and suggests that profit-based taxes like Resource Rent Tax (RRT) and Additional Profit Tax (APT) must be ring-fenced to be effective. It also provides technical recommendations on apportioning indirect and general expenditures, suggesting that capital expenditure (CapEx) is a more effective allocation key than production volumes to avoid tax deferral.

The document examines the use of ring-fencing—the limitation of consolidating income and deductions across different mining projects or activities—as a tool for governments to ensure timely tax collection and protect the tax base. It analyzes the trade-offs between accelerating state revenue and potentially disincentivizing investment, particularly in marginal deposits. The guide provides detailed design options, such as ring-fencing by mining license area, activity type (upstream vs. downstream), or specific project, and offers recommendations on allocating indirect costs and managing transfer pricing risks. It also discusses exceptions for unsuccessful exploration costs to balance revenue goals with the need to attract exploration investment.

The document examines 'ring-fencing'—the practice of limiting the consolidation of revenues and deductions for different activities or projects undertaken by the same taxpayer—as a tool for governments to protect the mining tax base. It analyzes the trade-offs between accelerating public revenue and potentially discouraging investment, particularly in marginal deposits. The guide details various design options, such as ring-fencing by mining license area, activity (upstream vs. downstream), or separating mining from non-mining activities. It also provides practical recommendations on allocating indirect and general expenses, managing national transfer pricing risks, and handling permanent losses from unsuccessful exploration to balance revenue needs with investment incentives.

The report outlines ten best practices for linear infrastructure (LI) development to mitigate impacts on nature. Key recommendations include conducting strategic environmental assessments (SEAs), incorporating mandatory safeguards in financial policies, and adhering to the mitigation hierarchy (avoid, minimize, restore, compensate). It emphasizes early integration of environmental and social impact assessments (ESIAs) and the use of climate vulnerability assessments. The document also advocates for wildlife-friendly designs, including ecological corridors, and the adoption of sustainable infrastructure certifications to ensure long-term ecological integrity.

The report details the disclosure of an Environmental and Social Impact Assessment (ESIA), an Environmental and Social Management Plan (ESMP), and an Environmental and Social Management System (ESMS) for the Ampyr - Dhule subproject in Maharashtra, India. It confirms that these documents were made available in English and Marathi to satisfy GCF requirements for Category B sub-projects, ensuring disclosure at least 30 days before an investment decision. The report also notes that the project adheres to an IFC-compliant ESMS and lists specific dates for stakeholder engagement and public disclosure in Mhasale Village.

The GCF Board approved 17 funding proposals totaling over USD 1 billion and accredited several new entities. Key discussions centered on the 'Partnerships and Access Strategy', a joint action plan for complementarity and coherence with other multilateral climate funds, and the restructuring of the GCF Secretariat to enhance regional presence and operational efficiency.

The report details the 2023 compliance monitoring of GCF accredited entities (AEs). Of 48 AEs required to submit annual self-assessments, 89.6% reported changes that either had no impact or positive impacts on their accreditation status. Midterm reviews (MTRs) for 14 AEs were conducted, with 11 completed, generally confirming continued compliance with fiduciary, environmental and social safeguards (ESS), and gender standards. Additionally, 27 international access AEs (IAEs) reported providing over 444 cases of support to direct access entities, primarily focusing on building track records (48.9%) and meeting accreditation standards (48.6%).

Mongolia possesses significant solar and wind potential, estimated at 2,600 GW, yet renewable energy only accounted for approximately 9% of total electricity production in 2023. The government aims to increase the installed capacity of renewables to 30% by 2030 under the 'Vision-2050' long-term development policy. While 12 solar and wind projects were active in 2023 with total investments of 533.15 million USD, the sector faces challenges in gender equality, with female representation generally below global averages. Current policy is governed by the Energy Law (2001) and the Law on Renewable Energy (2007), with specific tariffs set for wind (up to 0.08 USD/kWh) and solar (up to 0.12 USD/kWh) as of 2019.