2024 was yet another year marked by intensifying climate impacts. It was the hottest year on record, with extreme weather events bringing devastating consequences for people, ecosystems and economies. On the international stage, COP29 fell short of delivering the progress needed to keep the 1.5°C goal within reach, while political shifts deepened uncertainties around international cooperation at a time when it is needed most.  

Despite the challenges, the past decade has shown that change is not possible, but already underway. Momentum around net zero has grown into a global consensus. Renewable energy investment has overtaken fossil fuels, and green technologies are advancing at record speed. More governments are rethinking their energy systems to improve affordability, accessibility and sustainability.

Amid this evolving context, we at NewClimate Institute continued our efforts to drive climate ambition and action through independent research and engagement with policymakers, civil society and businesses across the world. In 2024, our work spanned a broad range of areas: from tracking national and sectoral climate targets and scrutinising corporate climate claims, to supporting sustainable development goals and advising on international partnerships.

For NewClimate Institute, 2024 marked our 10th anniversary – a milestone made possible by the dedication of our team and the continued support of our funders and partners. Celebrating the milestone, we publish our first annual report, providing a snapshot of who we are, our work in 2024 and a financial overview.