This memo has been updated to reflect final House-passed provisions as of June 4th, 2025; results based on the earlier Ways & Means (W&M) Committee draft are included in the appendix for reference. Executive Summary The House-passed 2025 budget reconciliation bill includes major rollbacks to the Inflation Reduction Act’s tech-neutral clean energy tax credits, particularly […]
Positioned at the center of global capital flows, financial institutions are uniquely equipped to shape the pace and scale of the net-zero transition. To stay on track for a 1.5-degree-C pathway, investment must increase nearly fivefold to $7.4 trillion annually by 2030, according to the Climate Policy Initiative. Similarly, the London School of Economics’ Grantham […]
While finalizing research for the Center for Climate and Energy Solutions’ (C2ES) analysis, Navigating the Finance Sector Net-Zero Transition: Levers for Decarbonizing in a Complex Landscape, the financial sector underwent a wave of transformative developments. In the United States, legal challenges to the use of climate and Environmental, Social, and Governance (ESG) factors intensified, and […]
Communities in Kentucky have long supplied a significant portion of the natural resources that powered the U.S. economy, namely coal. Since 1790, Kentucky has supplied more than 11 percent of all coal produced in the United States. As global markets shift toward lower-carbon products, communities throughout Kentucky have the opportunity to turn their skills and […]
Questions for Consideration How are Parties planning to take forward the GST signals that relate to the acceleration of the development and deployment of CDR approaches? How do they intend to reflect this in new NDCs, or future updates of submitted NDCs, including through the provision of information to facilitate clarity, transparency and understanding? How […]
Nuclear uprates, which entail retrofitting existing nuclear plants with advanced equipment to improve their output, are an important strategy to improve the nation’s energy dominance and reliability. We find that completing uprates on the remaining U.S. nuclear fleet would mobilize an estimated $38 billion in capital investments and, in doing so, create: 390,000 jobs $31 […]
The 27th Conference of the Parties (COP27) to the United Nations Framework Convention on Climate Change (UNFCCC) established a fund to respond to loss and damage (L&D), with the goal of supporting particularly vulnerable developing countries. Parties agreed that the Fund for Responding to L&D (FRLD) would be housed within the World Bank for at […]
To date, the Sharm el-Sheikh Dialogues to enhance the understanding on the scope of Article 2.1(c) and its complementarity with Article 9 of the Paris Agreement (SeSD) have focused on mapping and sharing relevant ideas and Party practices. The dialogues are complemented by the ample technical work of the Standing Committee on Finance (SCF), emphasizing […]
Parties agreed to a framework for the Global Goal on Adaptation (GGA)—known as the UAE Framework for Global Climate Resilience (UAE Framework)—at the 5th Conference of the Parties serving as the meeting of the Parties to the Paris Agreement (CMA5) in Dubai (December 2023). The purpose of the UAE Framework is to guide the achievement […]
With a strong foundation of legacy automotive companies, a skilled workforce experienced in advanced manufacturing, and a network of world class research and technical educational institutions, South Carolina is a natural location for both new and existing companies to expand and establish electric vehicle (EV) and battery operations. In the last decade, the state has […]
