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In 2025, global coal capacity increased by 3.5% while generation fell by 0.6%, reflecting a trend where coal plants are increasingly used as backup reserves rather than primary energy sources. This divergence is most acute in China and India, where record capacity additions coexist with falling generation due to the rise of wind and solar power. While the number of countries proposing new coal projects declined from 38 to 32, political interventions in the US and EU delayed planned retirements. Regionally, Latin America reported no new projects, while Russia and Kazakhstan continue to integrate coal into their long-term energy security strategies despite international financing constraints and sanctions.

The CC Asia Climate Fund (CC-ACF) is a proposed USD 150 million private equity fund targeting growth-stage companies in Kazakhstan, Mongolia, and Uzbekistan. Managed by CC Global Services Holdings Limited (CC GSH), the fund seeks USD 37.5 million from the Green Climate Fund (GCF) to act as a first-loss tranche, catalyzing USD 112.5 million in co-financing. The fund focuses on five priority sectors: renewable energy, resource efficiency/industry decarbonization, weather-resilient buildings, water conservation, and climate-smart agriculture. It aims to reduce GHG emissions by 8.21 million tCO2eq over a 25-year lifespan and reach approximately 464,396 direct and indirect beneficiaries. The strategy emphasizes technology transfer, active board stewardship, and the demonstration of commercial viability for climate-smart investments to shift these carbon-intensive economies toward low-carbon development.

The report analyzes 105 national investment laws in EMDEs, finding that 67.6% explicitly provide incentives, with tax incentives being the most dominant. It highlights a systemic gap in coordination between Investment Promotion Agencies (IPAs), which typically lead the design and administration of these laws, and Ministries of Finance (MFs), which are often marginalized in the legal text. This fragmentation leads to risks of revenue loss, inefficient resource allocation, and exposure to Investor-State Dispute Settlement (ISDS) claims. The document notes a trend toward centralizing tax incentives into unified legal frameworks to improve transparency and fiscal discipline, as seen in Ghana and Honduras.

The CC Asia Climate Fund (CC-ACF) has developed a Gender Assessment and Action Plan (GAAP) to address systemic gender inequalities in Kazakhstan, Mongolia, and Uzbekistan. The report identifies significant barriers to women's participation in climate-vulnerable sectors, including limited land ownership, a gendered digital divide, and underrepresentation in STEM and leadership roles. To mitigate these, the Fund implements a Gender Action Plan (GAP) that embeds gender-responsive criteria into its ESG due diligence, mandates Gender Action Plans for portfolio companies, and establishes SEAH-safe grievance mechanisms. The goal is to foster transformational change by promoting women's leadership in the energy and agriculture sectors and reducing the gender pay gap within its investee companies.

As of the end of 2025, the Climate Bonds Initiative recorded a cumulative aligned GSS+ debt volume of USD6.8tn, with annual aligned volume reaching USD1.0tn for the third consecutive year. Green bonds remain the dominant label, accounting for 64% of 2025 aligned volume (USD653.5bn), while sustainability bonds reached a record annual volume of USD217.3bn. Europe leads globally in both annual and cumulative aligned volume, though the USA remains the largest single country source of cumulative aligned volume at USD887.4bn. The report also highlights the launch of the Climate Bonds Resilience Taxonomy (CBRT) to address the funding gap for climate adaptation and resilience, exemplified by the world's first CBRT-certified resilience bond issued by the Tokyo Metropolitan Government.

The Glaciers to Farms (G2F) Program is a 10-year, multi-sectoral adaptation initiative designed to address the impacts of glacial retreat and water insecurity in Central and West Asia. Requesting USD 250 million from the Green Climate Fund (GCF) to leverage a total of USD 3.5 billion, the program integrates science-based risk planning, investment in climate-resilient infrastructure, capacity building for agricultural MSMEs, and a regional knowledge platform. It targets 13.6 million direct beneficiaries and 31.5 million indirect beneficiaries, focusing on the Naryn, Pyanj, Kura-Aras, and Swat river basins. Key interventions include multi-hazard early warning systems, nature-based solutions for watershed restoration, and the development of innovative finance mechanisms like sustainability-linked bonds.

The document highlights the risks of planning water and energy sectors in isolation, particularly as climate change increases water stress and impacts hydropower. It proposes the combined use of the Low Emissions Analysis Platform (LEAP) and Water Evaluation and Adaptation Planning (WEAP) tools, alongside macroeconomic modelling, to identify trade-offs and synergies. Case studies in Rwanda and Central Asia illustrate how this integrated approach can prevent GDP losses and reduce greenhouse gas emissions. The brief further suggests that such integration helps countries align their Nationally Determined Contributions (NDCs) and National Adaptation Plans (NAPs) to optimize limited climate finance.

The Water Evaluation and Adaptation Planning (WEAP) platform is a scenario-based modelling tool used in 190 countries to integrate supply- and demand-side perspectives for water resilience. It enables users to simulate climate-driven scenarios, evaluate adaptation strategies such as infrastructure upgrades and demand management, and analyze trade-offs at the water-energy-food nexus through integration with the Low Emissions Analysis Platform (LEAP) and macroeconomic models. WEAP supports both top-down and locally led initiatives across various scales, from local watersheds to transboundary river basins.

The document identifies critical gaps in the U.S. nuclear supply chain, particularly regarding HALEU fuel, nuclear-grade graphite, and ultra-large forgings, noting a heavy reliance on Russia and China for these essential materials and services.

Climate finance for emerging markets and developing economies (EMDEs) surpassed USD 1 trillion in 2023, with 80% mobilized domestically. Mitigation finance dominates, accounting for 92% of flows (USD 979 billion), while adaptation finance reached USD 48 billion. China is the primary driver, providing 64% of total EMDE flows. Significant gaps remain, with annual mitigation needs estimated at USD 3.86 trillion. The report recommends strengthening domestic enabling environments, improving the quality of international finance, and increasing data transparency to scale investment.

The document analyzes the institutional strain on BRICS caused by its expansion, noting that while the bloc's global influence has grown, its consensus-based governance struggles with divergent member interests. It evaluates Brazil's 2025 presidency, which attempted to prioritize institutional development but saw most structural reforms deferred in the Rio Declaration. The authors contrast the informal nature of the broader bloc with the formal success of the New Development Bank (NDB) and propose six targeted, low-bureaucracy improvements—including a shared document repository and standardized onboarding—to improve operational effectiveness without sacrificing the group's flexible identity.

The 'Banking on Renewables' report critiques the current funding models of Multilateral Development Banks (MDBs), arguing that the rush to increase renewable energy capacity often leads to 'green extractivism' and human rights violations. It proposes three core criteria for public funding: financing a total transition to 100% renewables (excluding 'false solutions' like CCUS), ensuring democratic and decentralized energy systems, and centering people and the planet. Through case studies in India, Kenya, Rwanda, Tanzania, and Indonesia, the report contrasts large-scale projects that displace communities with community-led initiatives that improve local livelihoods. It concludes with a ten-point action plan urging MDBs to increase grants over loans, adopt a strict renewable energy taxonomy, and mandate Free, Prior and Informed Consent (FPIC) for all projects.

The study analyzes 320 adaptation investments totaling $133 billion across 12 countries, finding an average economic internal rate of return (EIRR) of 26.7%. Using the Triple Dividend of Resilience (TDR) framework, the authors demonstrate that benefits from induced economic development and social/environmental gains often double the value of avoided losses, meaning many investments are viable regardless of whether a climate disaster occurs. The paper highlights significant synergies between adaptation and mitigation, noting that nearly half of the evaluated projects yield GHG emission reductions. It recommends that multilateral development banks and governments adopt common reporting frameworks and disaggregate benefits to attract private capital.

The guide outlines a framework for sustainable linear infrastructure (LI) development in snow leopard habitats, emphasizing the mitigation hierarchy—avoid, minimize, mitigate, restore, and offset. It details strategies across the project life cycle, from policy development and spatial planning to construction and maintenance, to reduce habitat fragmentation, wildlife-vehicle collisions, and other ecological disturbances. The document highlights critical knowledge gaps regarding snow leopard-specific crossing structures and calls for multidisciplinary collaboration and inclusive community consultation to protect biodiversity and ecosystem services.

The briefing contends that the Asian Development Bank (ADB) uses technical assistance (TA) to enable fossil gas infrastructure and planning, despite pledges to align with the Paris Agreement. It highlights how vague terms like 'low-carbon' and 'transition infrastructure' allow the ADB to support gas-related projects in countries such as Pakistan and Indonesia. The document notes that TA for energy projects in 2024 lacked fuel specifications in 45.9% of cases, hindering transparency. It further argues that these projects often ignore gender impacts and risk creating stranded assets. The author recommends that the ADB explicitly exclude fossil gas from its 'clean energy' definitions and phase out all direct and indirect support for midstream and downstream gas infrastructure.

In 2024, fossil-powered capacity fell below half of the total electricity mix for the BRICS group, driven by renewable growth in China, India, and Brazil. However, new BRICS members—including Indonesia, Kazakhstan, and Nigeria—show a stark gap between net-zero pledges and action, currently constructing ten times more fossil fuel capacity (25 GW) than wind and utility-scale solar (2.3 GW). Chinese state-owned enterprises (SOEs) are central to this expansion, backing 62% of all power capacity under construction in new member geographies, with particularly high involvement in hydropower (93%) and coal (88%).

A study by World Weather Attribution found that human-induced climate change made a March 2025 heatwave in Central Asia approximately 4 °C hotter and three times more likely. The event saw temperatures exceeding 30 °C even at 1000m altitude, affecting regions including Kazakhstan, Uzbekistan, Turkmenistan, Tajikistan, and Kyrgyzstan. The analysis notes that climate models underestimate the recent increase in March temperatures, meaning the reported influence of climate change is a conservative estimate. The heatwave coincided with critical agricultural periods, such as the sowing of spring wheat in Kazakhstan and the flowering of export fruit crops, potentially impacting yields in a region where agriculture employs up to 50% of the workforce.

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.

The report examines the role of public development banks (PDBs) in supporting the adoption of domestic carbon markets in emerging markets and developing economies (EMDEs). It identifies key benefits of these markets, such as directing private finance to emission reduction projects and helping countries retain carbon revenues locally to avoid paying full fees under mechanisms like the European Carbon Border Adjustment Mechanism (CBAM). However, adoption is hindered by a lack of strategic integration, technical capacity gaps, and reputational risks associated with credit integrity. PDBs are positioned to address these barriers by providing strategic guidance, technical assistance for monitoring, reporting, and verification (MRV) systems, and innovative financial tools—such as minimum price floors and carbon-linked bonds—to manage risk and frontload finance. The report recommends increased coordination between national and multilateral PDBs, the sharing of best practices, and the development of comprehensive climate strategies to ensure carbon markets are embedded within national development goals.

The report finds that global progress toward SDG 7 is off track, particularly in Sub-Saharan Africa. While electricity access reached 92% in 2023, 666 million people remain unconnected. Clean cooking access stands at 74%, leaving 2.1 billion people dependent on polluting fuels. Renewable energy's share of total final energy consumption was 17.9% in 2022, and global energy intensity improved by 2.1% in 2022. International public financial flows to developing countries for clean energy reached USD 21.6 billion in 2023, though this remains below the 2016 peak of USD 28.4 billion.