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The steel sector is the highest CO2 emitter among heavy industries, accounting for 11% of global CO2 emissions. The report highlights that the dominant blast furnace to basic oxygen furnace (BF-BOF) route is highly carbon-intensive due to its reliance on metallurgical coal. To meet the 1.5°C target, the IEA suggests steel emissions must drop by 25% by 2030 and 92% by 2050. The document emphasizes a critical investment window, as over 70% of existing coal-fired blast furnaces need refurbishing by 2030. Reclaim Finance recommends that financial institutions end support for new metallurgical coal mines and coal-based steel facilities, instead prioritizing electric arc furnaces (EAF) and hydrogen-based direct reduced iron (HDRI).

The briefing argues that the EU is on course to reach a 45% renewable energy share by 2030, rendering the current 40% Fit-for-55 target outdated. This trajectory is driven by solar capacity growth, heat pump adoption, and electric vehicle expansion, which are all outpacing original policy forecasts.

The report examines the fragmented state of Green Public Procurement (GPP) within the EU and proposes recommendations to leverage public purchasing power for decarbonization. Focusing on the construction and road transport sectors—which each account for approximately 12% of government procurement GHG emissions globally—the study analyzes case studies from eight EU Member States to identify best practices for meeting the EU's goal of a 55% reduction in GHG emissions by 2030.

The document examines the gap between EU Green Public Procurement (GPP) targets and actual implementation in eight Member States. It identifies systemic barriers—including fragmented governance, lack of standardized data, and limited procurement officer capacity—while highlighting successful local and national initiatives in Sweden, France, Germany, and others. The brief argues that the EU must harmonize reporting, institute mandatory requirements for high-emitting sectors, and provide better technical support to leverage public spending for climate goals.

The report finds that Green Public Procurement (GPP) in the EU is characterized by a fragmented approach with few binding requirements and significant gaps between national climate targets and actual procurement practices. While some regions like Catalonia and cities like Berlin show high ambition, most Member States rely on voluntary guidelines. The construction and road transport sectors are highlighted as high-impact areas where GPP could drive decarbonization, yet implementation is hindered by a lack of standardized data, insufficient capacity and time for procurement officers, and a lack of mandatory EU-level criteria. The report recommends harmonizing GPP definitions, introducing mandatory carbon criteria, and expanding the scope of EU Directives to include embedded emissions.

In 2022, the EU electricity mix was led by nuclear (22%), gas (20%), coal (16%), and wind (15%), with solar accounting for 7.3%. While solar and wind continued their long-term growth trends, nuclear and hydro experienced significant declines due to plant closures and drought. Coal saw a temporary increase to offset these losses, while gas remained the only fossil fuel to show growth over the last two decades.

In 2022, wind and solar generated a record 22% of EU electricity, overtaking fossil gas (20%). Despite this, EU power sector emissions rose by 3.9% due to a 185 TWh generation gap caused by a severe drought affecting hydro power and unexpected French nuclear outages. This gap was partially filled by a 7% increase in coal generation. However, electricity demand fell by 7.9% in Q4 2022, and coal generation declined in the final four months of the year. Ember projects a 20% plummet in EU fossil generation in 2023 as hydro and nuclear capacity recover and renewable deployment accelerates.

In 2022, EU electricity demand fell by 2.7% to 2809 TWh, driven by mild weather and demand reduction measures. Despite this, power sector CO2 emissions rose by 3.9% due to shortfalls in nuclear and hydro generation, which necessitated increased fossil fuel use. Wind and solar generation continued to grow, reaching a 22% market share, while nuclear generation fell to its lowest share in 40 years at 22%.

In 2022, the EU experienced a temporary 7% rise in coal generation driven by shortfalls in nuclear and hydro power, rather than a structural 'return to coal'. This was offset by a record surge in solar capacity and a significant 7.9% drop in electricity demand in Q4 2022. Solar power generated 7.3% of EU electricity, avoiding approximately 249 billion in gas import costs. Looking ahead to 2023, the report forecasts a potential 20% plummet in fossil fuel generation as French nuclear capacity returns and renewable capacity continues to grow.

The policy brief argues that Canada requires a legal framework to ensure an orderly and equitable transition to a low-carbon economy. It recommends that federal legislation be based on International Labour Organization principles, guided by an independent advisory body, and supported by a network of just transition agencies in every province and territory, coordinated by a federal minister and institution.

The document examines various European initiatives to reduce public transport costs, ranging from temporary low-cost summer passes to permanent free transit. While these measures can alleviate financial pressure on citizens and reduce pollution, the author argues that price reductions alone are insufficient; sustainable mobility requires improved accessibility, simplified tariff systems, and strategic public investment funded by mechanisms like congestion charges or corporate taxes.

The report finds that 40 financial institutions fund a combined methane footprint that could exceed 503 Mt CO2e. It highlights a significant gap between the climate commitments of the countries where these institutions are domiciled and the institutions' own internal policies, which are described as weak or non-existent regarding agri-methane.

The report evaluates Spain's progress in combating IUU fishing from 2020 to 2021. It finds that Spain maintains a high level of implementation, characterized by 100% catch certificate verification and sophisticated IT tools, although some indicators like the number of vessel inspections and reported infringements have slightly declined. The document recommends that the European Commission increase transparency by publishing all Member State biennial reports and conducting public audits to ensure data accuracy and harmonisation across the EU.

The report finds that while 92% of surveyed business leaders view reducing carbon emissions as an urgent priority, many struggle with the 'how' of decarbonization due to budget and technological constraints. Businesses increasingly view the voluntary carbon market (VCM) as a critical tool for immediate action, though concerns over greenwashing and market transparency persist. While science-based targets are widely supported, there is a significant demand for clearer, more realistic guidance to help organizations meet their 2030 and 2050 goals.

The 2022 annual accounts for the BC3 Basque Centre for Climate Change, audited by Mazars Auditores, S.L.P., show a positive financial result of 3,831.41 euros. The center's activities focus on interdisciplinary climate change research, high-level training, and knowledge transfer, primarily based in Leioa, Bizkaia. Total assets as of December 31, 2022, were 19,415,317.09 euros, with significant funding coming from public and private grants, totaling 4.9 million euros recorded in the profit and loss account for the period. The audit opinion states that the accounts provide a 'true and fair view' of the entity's equity and financial situation.

The report examines climate misinformation surrounding extreme weather in Latin America, focusing on case studies in Brazil, Chile, and Peru. It finds that highly visible, multi-causal, and emotional events are frequently weaponized by political figures to assign blame to scapegoats or promote conspiracy theories, thereby obscuring the scientific drivers of the climate crisis.

The report outlines a two-tiered approach to an EU methane import standard: an initial prescriptive standard focusing on practices and technologies, followed by a more ambitious emission intensity standard. It argues that there are no insuperable legal obstacles to such a standard under WTO or UNFCCC rules, provided the EU applies equivalent burdens to domestic production. Key recommendations include using an equivalence principle for exporting countries and companies, implementing financial penalties for non-compliance, and establishing an EU methane fund to support mitigation in developing countries. The document also highlights the need for robust monitoring, reporting, and verification (MRV) and warns of 'methane leakage' where high-emitting gas is redirected to less regulated markets.

The report finds that low-cost, repeated behaviors like reducing food waste are significantly more common than high-cost, one-time installations like heat pumps or solar panels. While many who adopted these behaviors faced minimal difficulty, non-adopters cited lack of awareness and lack of interest for low-cost actions, and high cost and home ownership issues for high-cost technologies.

The report argues that nature-based solutions (NbS) and carbon offsetting schemes often serve as a facade for corporate polluters to continue emitting while facilitating land grabbing and violating human rights. It provides numerous case studies across Africa, Asia-Pacific, Europe, and the Americas, highlighting systemic issues such as inflated carbon baselines, lack of free, prior, and informed consent (FPIC), and the failure of projects to deliver promised climate or social benefits. The document specifically critiques REDD+ projects, industrial tree plantations, and soil carbon programs for their lack of 'additionality' and their role in undermining food sovereignty and indigenous land rights.

The document argues that nature-based solutions (NBS) and carbon offsets often serve as a distraction for 'Big Polluters' to continue emitting while facilitating land grabs and violating Indigenous rights. It provides detailed evidence of inflated carbon baselines, lack of additionality, and social harms across Africa, Asia Pacific, Europe, Latin America, and North America. Key examples include REDD+ projects in Zimbabwe and Gabon that overestimated carbon savings, and soil carbon initiatives in the US and Kenya that threaten food sovereignty and traditional livelihoods. The report also critiques improved cookstove offsets for using flawed accounting to generate 'fake emission cuts'.