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National targets still aim for a doubling instead of a tripling
An Ember report analyzing national renewable energy targets for 2030 finds that global ambition remains aligned with a doubling of capacity rather than the tripling goal set at COP28. Despite record deployment, aggregate targets have only increased by 8% since COP28, with significant gaps remaining in both solar and wind ambitions compared to the tripling scenario.
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Document type: Report
Tracking progress towards a global tripling of renewables
This report by Ember analyzes the progress toward the COP28 goal of tripling global renewable energy capacity to 11 TW by 2030. While rapid deployment between 2023 and 2025 has reduced the required annual growth rate for subsequent years, IEA forecasts suggest a potential shortfall by 2030, primarily driven by wind and hydro capacity gaps and policy changes in the US and China.
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Document type: Report
Chasing volume, losing value: the cost of coal over expansion in Indonesia
This report by Ember analyzes the economic and environmental consequences of Indonesia's coal over-expansion. It finds that while production hit record highs in 2024, shrinking demand from major importers like China and India, coupled with rising production costs, is eroding company profits and state revenues. Additionally, the report highlights a significant underreporting of coal mine methane (CMM) emissions, which are projected to increase by 25% by 2030 due to the expansion of underground mining.
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Document type: Report
Fit-for-Purpose Forest Finance: A Menu of Financial Mechanisms
This report by the Climate Policy Initiative and Pontifical Catholic University of Rio de Janeiro maps 30 international financial mechanisms designed to support tropical forests. It identifies a significant funding gap, noting that current mechanisms mobilize US$ 25.9 billion, which is far below the US$ 66.8 billion annually required by 2030 to unlock the full potential of tropical forests.
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Document type: Report
Advancing Sustainable Finance Taxonomies and Interoperability Taxonomy Roadmap Initiative Progress Report
The Taxonomy Roadmap Initiative Progress Report (November 2025) details the global expansion of sustainable finance taxonomies, noting that over 60 are currently in use or development. While high-level interoperability is increasing—with 64% using ISIC-based sector structures and 100% of published taxonomies covering climate mitigation—granular alignment remains difficult. The report highlights that implementation is still in early stages in emerging markets and announces the launch of new tools at COP30, including the Sustainable Finance Taxonomy Mapper and Principles for Taxonomy Interoperability, to catalyze cross-border capital flows.
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Document type: Report
Principles for Taxonomy Interoperability
The 'Principles for Taxonomy Interoperability' report, published by the Climate Bonds Initiative in November 2025, provides a framework for sustainable finance taxonomy developers and policymakers to ensure that national and regional taxonomies are comparable and interoperable. Launched under the Taxonomy Roadmap Initiative at COP29, the document outlines seven high-level principles designed to reduce barriers to cross-border capital flows by establishing common design features, terminology, and implementation strategies while respecting jurisdictional priorities.
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Document type: Report
Princípios de Interoperabilidade Taxonômica
The 'Princípios de Interoperabilidade Taxonômica' report, published by the Climate Bonds Initiative in November 2025, provides a high-level framework to help sustainable finance taxonomy developers and policymakers increase the comparability and cross-border flow of capital. It introduces seven principles designed to align national and regional taxonomies through common languages, scientific baselines, and collaborative international efforts, supporting the broader 'Taxonomy Roadmap Initiative' launched at COP29.
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Document type: Report
Sustainable Debt Global State of the Market Q3 2025
In Q3 2025, the global cumulative volume of aligned GSS+ debt reached USD 6.5 trillion, with quarterly issuance of USD 233.2 billion. Non-financial and financial corporates were the leading issuer types, while the IBRD remained the most active individual issuer. Green bonds continue to dominate the market, though sustainability-labelled debt is showing increasing momentum.
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Document type: Report
Global Landscape of Climate Finance 2025
The 'Global Landscape of Climate Finance 2025: EMDE Spotlight' fact sheet analyzes climate finance flows to emerging markets and developing economies (EMDEs). It reports that while total climate finance to these 157 countries surpassed USD 1 trillion in 2023, there remains a significant gap compared to the estimated USD 4 trillion required annually by 2030. The document highlights the dominance of China in overall flows, the growth of domestic private financing in emerging markets, and the persistent underfunding of adaptation and hard-to-abate sectors.
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Document type: Fact sheet
Global Landscape of Climate Finance 2025
The Global Landscape of Climate Finance 2025 summary handout reports that global climate finance reached a record USD 1.9 trillion in 2023, driven largely by private sector growth. Despite this increase, a significant gap remains between current flows and the investment needed to meet global climate goals, with mitigation finance dominating the landscape while adaptation finance saw a decline in 2023.
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Document type: Fact sheet
IDFC GREEN FINANCE MAPPING REPORT 2025
The IDFC Green Finance Mapping Report 2025 analyzes the 2024 green finance commitments of 23 member national and regional development banks. While total green finance decreased by 13% to $173 billion, the majority of members increased their individual commitments. The report highlights a continued dominance of mitigation finance, a rebound in adaptation finance, and a growing but still limited focus on biodiversity and other environmental objectives.
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Document type: Report
Financiamiento Forestal a la Medida: Menú de Mecanismos Financieros
The report identifies 30 international financial mechanisms mobilizing US$ 25.9 billion for tropical forests, though this remains far below the US$ 66.8 billion annual requirement estimated by UNEP. Financing is concentrated in conservation and is heavily skewed toward a few countries like Brazil and Guyana. While REDD+ mechanisms provide over half of the identified funding, there is a significant gap in the actual disbursement of planned funds, particularly from private and blended sources.
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Document type: Executive summary
Financiamento Florestal Sob Medida: Menu de Mecanismos Financeiros
The report identifies 30 international financial mechanisms mobilizing US$ 25.9 billion for tropical forests, though this is far below the US$ 66.8 billion annual need estimated by UNEP for 2030. While Brazil and Guyana have high access to these funds, many high-potential countries remain underserved. Financing is dominated by credit, grants, and results-based payments (especially JREDD+), with a strong current focus on conservation over restoration and deforestation reduction.
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Document type: Executive summary
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
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
Offshore wind targets underpin acceleration to 2030 and beyond
This report by Ember, developed for the Global Offshore Wind Alliance (GOWA), provides a comprehensive analysis of global offshore wind targets across national, subnational, and regional levels. It examines current ambitions, deployment projections for 2030, and the potential for expansion in countries without existing targets, while highlighting the gap between political ambitions and projected delivery.
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Document type: Report
Nigerias Klimaagenda: Neue Wege in Politik und Diplomatie
This research paper analyzes the evolution of Nigeria's climate policy and governance, highlighting a persistent struggle with institutional fragmentation and the misalignment of petroleum policies with climate goals. It examines the transition through four 'policy moments,' the impact of International Oil Company (IOC) divestments, and the recent centralization of climate authority under President Bola Ahmed Tinubu through the creation of the Office of the Special Presidential Envoy on Climate (OSPEC) and the Presidential Climate Action Committee (PCAC).
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Document type: Research paper
Nigeria’s Climate Agenda: New Directions in Policy and Diplomacy
This research paper analyzes Nigeria's climate policy and diplomacy, arguing that while the country has established a comprehensive policy architecture, its effectiveness is severely hampered by institutional fragmentation, inter-ministerial competition, and a lack of elite consensus. The author examines the shift toward centralized governance under President Bola Ahmed Tinubu and the challenges of aligning domestic petroleum interests with global energy transition goals.
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Document type: Research paper
Green bonds
This fact sheet describes green bonds as fixed-income instruments earmarked for environmental projects, highlighting that energy and buildings receive the largest share of recent allocations (~30% each). It details the roles of institutional investors and MDBs—such as the World Bank and EIB—and outlines the technical requirements, costs (including a typical greenium of 2–5 bps), and timelines for issuing these instruments.
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Document type: Fact sheet
Carbon markets as a response to the EU CBAM
The report examines how the European Union's Carbon Border Adjustment Mechanism (CBAM) is incentivising exporting countries to establish domestic carbon pricing systems to retain revenues and reduce trade costs.
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Document type: Report