This case of a developing country trying to decarbonise highlights the need for concessional finance to lower the risks of the energy transition - but it needs to be alongside reforms to a global financial system
...and emphasises the strong need for increased #ClimateFinance.

🔗 bit.ly/CAT_COL

Colombia's promise to halt new oil & gas exploration in a country that's fiscally & economically dependent on fossil fuels is significant.
However, this decarbonisation decision:
* lowers credit ratings
* raises interest rates on loans.
* exacerbates debt pressures
* undermines fiscal stability

While it has governance and social issues to deal with, Colombia's implementation gap is largely shaped by constraints beyond its borders, especially pressures on sovereign debt & a global financial architecture that discourages rapid decarbonisation in developing countries.
➡️ bit.ly/CAT_COL_poli...

However, the impact of Chile's coal phase-out could be undermined if planned reconversions lead to higher fossil gas use, although recent policy developments suggest a more cautious approach toward new fossil fuel energy projects.
Eight coal-fired plants could still continue operating until 2040.

President Boric intends bringing fwd the coal phase-out date to 2035 or earlier, but contingent on considerable improvements in renewable energy integration & grid infrastructure.
#Chile has retired an impressive >1.2 GW of coal capacity fm 11 plants since 2019.
More details 🔗 bit.ly/CAT_CHI_poli...

China has already exceeded its 2030 NDC targets for installing 1,200 GW of wind & solar capacity and a forest stock volume of about 18.5 billion m³
It is also on track to raising the share of non-fossil fuels in energy consumption to 25% by 2030. The new 2035 NDC further strengthens these 3 goals.

Strong growth in clean energy contributed to a 1% year-on-year decline in CO₂ emissions in the first half of 2025, with renewables accounting for nearly 40% of total power generation.
See our Policies & action page for all the detail on sectors
bit.ly/CAT_CHN_poli...

As Türkiye seeks to host #COP31 – demonstrating genuine climate ambition and leadership will be key to its credibility on the international stage.

Read the full update 🔗 bit.ly/CAT_TUR

To substantiate its commitment to reaching net zero by 2053, Türkiye will need to strengthen its 2030 target, submit a new 2035 NDC in line with 1.5C, develop a coal phase-out plan and stop investing in fossil fuels.

Türkiye will easily meet its 2030 target under current policies, which allows emissions to continue increasing. Its target of installing 120 GW of wind and solar capacity by 2035 is commendable, but would need to increase to 150 GW by 2035 to align with 1.5°C.

Why? The government's efforts to increase fossil gas production to become a gas hub, and its continued coal use, put Türkiye’s commitment to its net zero target in question and risk locking the country into a fossil fuel future.
➡️ bit.ly/CAT_TUR_poli...

Implementing current and proposed policies is critical to narrowing the gap to Canada’s 2030 climate target, but govts at all levels in the country will need even stronger policies to close it. Even if fully achieved, Canada’s 2030 target itself is not ambitious enough to be 1.5°C compatible.

Canada's #climate action appears to be stalling. While emissions are dropping, progress is at risk due to policy delays, rollbacks & lack of new measures.
New PM Carney's removal of the consumer carbon price undermines one of the most effective tools for reducing emissions.
bit.ly/CAT_CAN_poli...

Yet #SaudiArabia itself faces mounting climate risks: temperatures in the country are already rising faster than the global average, with projections suggesting warming of around 4°C this century under current global policies.

Read the full country update 🔗 bit.ly/CAT_SAU

Despite repeatedly announcing ambitious RE targets, with target aiming for 50% renewable electricity by 2030, as of 2024 it had managed 2%.
Contrast that with 97 GW of oil & gas plants in operation and more than 8 GW of fossil fuelled power plants under construction.
➡️ bit.ly/CAT_SAU_poli...

Sustaining rapid economic growth reinforces a “dual strategy” in Viet Nam’s energy planning: prioritising renewables in the long term will reduce overall emissions in 2050 from the power sector compared, but retaining fossil fuels in the medium term is locking in higher emissions this decade.

Viet Nam will use #coal well beyond 2030 & plans to expand fossil gas, esp LNG, wrongly claiming it's a “transition fuel.”
Coal & fossil gas imports will rise in the next decade, risking locking in high emissions, stranded assets, exacerbating energy security vulnerabilities
bit.ly/CAT_VNM_poli...

We have a longer methodology page, linked below, and the details about MAGICC are on its wiki page here: wiki.magicc.org/index.php?ti...

climateactiontracker.org/methodology/...