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Is the end near for COPs in petrostates?
Fossil fuels have been given warm hospitality at COPs in recent years, with the last two climate summits being held in fossil fuel-expanding petrostates with presidencies even getting caught promoting oil and gas deals on the job.
That’s why a group of top climate experts, scientists and former UN chiefs called for reform in an open letter published this Friday, where they argue that countries expanding oil and gas should not be able to hold the COP presidencies.
Signed by former UN climate chief Christiana Figueres and former UN Secretary-General Ban Ki Moon, the letter calls on countries to establish a “strict eligibility criteria to exclude countries who do not support the phase out/transition away from fossil energy”.
The letter does not provide details of who would judge this criteria. Climate Home requested additional information, but had not received a response at the time of publication.
While the experts recognise the importance of UN climate talks, they also call for reform of the COP process, writing that the “current structure simply cannot deliver the change at exponential speed and scale” needed to address the climate crisis.
The COP29 presidency has been vocal about its disinterest in a quick fossil-fuel phase out, with Azerbaijan’s President Ilham Aliyev even telling the opening plenary that fossil fuels are a “gift from god” and that “we must be realistic” about energy transition.
An analysis of Aliyev’s speeches published today by campaign group 350.org found that the Azeri president defended or promoted fossil fuels in more than three quarters of his energy and climate-related speeches. In over a year of such speeches, Aliyev never even mentioned the Paris Agreement, the campaign group found.
Some campaigners backed the reform proposal. Catherine Abreu, director of the International Climate Politics Hub, said it is “demoralising” to hear the messages sent by Azerbaijan’s COP presidency.
She told media in Baku that the UN climate body, UNFCCC, should come up with a “conflict of interest policy” for delegates and the COP presidency that “puts a firewall between fossil fuel interests and the COP process.
She also called on countries to limit the influence of fossil fuel lobbyists at COP. According to another report published today by Global Witness, almost 1,800 lobbyists have shown up at COP29 – around 700 hundred less than last year but more than the 10 most climate-vulnerable countries combined.
Currently, countries can select who participates in their delegations, either with a “party” or “party overflow” badge. They do not choose people with an “observer” badge. Most lobbyists are observers, but some countries such as Japan, the UK, Canada and Italy brought fossil fuel lobbyists as part of their national delegations, the Global Witness report found.
According to the report, the biggest group of fossil fuel lobbyists is from an observer group called the International Emissions Trading Association (IETA) which sent 43 people.
But IETA denies this characterisation. While it does have a representative from French oil and gas giant TotalEnergies, an IETA spokesperson told Climate Home their delegates were “a broad mix” which “includes emitters who are committed to a just transition and solution providers who will help them on that journey”. Drawing up an exclusion list will be contentious.
Peace, Baku style
It is the “Energy, Peace Relief and Recovery” Day here in Baku. But if you’re running through the halls you won’t note much change – as there hasn’t been in conflict-afflicted nations across the world, despite Azerbaijan’s COP Truce proposal.
The COP29 host wanted to pause all the conflicts in the world – which number more than 50 – for the duration of the climate talks, inspired, they said, by the Olympic Truce.
On Friday, the COP Truce appeal did not feature prominently on the agenda. Nonetheless, the presidency said that the initiative received the support of 132 countries. That includes nations currently involved in civil wars and international conflicts, like Sudan, Myanmar, and the Democratic Republic of the Congo.
Azerbaijan itself has yet to reach a fully-fledged peace deal with neighbouring Armenia. According to Azeri media, Azerbaijan’s Foreign Ministry said that there cannot be any “physical meetings” with their Armenian counterparts until December as the climate summit is the government’s main focus.
When the COP Truce was first announced, climate campaigners called it a “performative… PR exercise” and “a distraction” from a separate UN-supported push to strengthen climate action in conflict-affected regions.
On that front, the COP29 presidency and six countries launched today the ‘Baku Call on Climate Action for Peace, Relief, and Recovery’, aiming to develop a strategy for preventing climate-induced wars and scaling up support for conflict-struck vulnerable nations.
The initiative will see the creation of a hub through which countries can “collaborate on peace and climate initiatives”.
During an event on this initiative, Climate Home asked Elshad Iskandarov, special envoy of Azerbaijan’s Ministry of Foreign Affairs, about the ceasefire appeal. He said that the truce was proposed to “foster peace in the world and highlight the importance of climate” without giving any further details.
But not everyone feels attuned to the “COP of peace” vision pushed by the COP presidency. Mohammed Usrof, founder of the Palestinian Youth Climate Negotiators Team, voiced concerns about COP29 being hosted in Azerbaijan because the country is Israel’s biggest crude oil supplier, as shown in a recent report by Oil Change International.
Mila Sirychenko, a Ukrainian activist, had reservations about expressing her views at COP due to the large size of the Russian delegation. Russia’s party at this COP counts 900 people, only topped by the Azeri (995) and Brazil delegations (984).
Chevron, ExxonMobil, BP, Shell and Eni – all companies that supply crude oil to Israel – brought a combined total of 39 lobbyists to the climate summit.
“So many others continue to be complicit with maintaining business as usual,” Usrof told Climate Home, referring to the almost 1,800 fossil fuel lobbyists at COP, many of whom are part of countries’ official delegations. “And, as we see, the business as usual involves the genocide of Gazans”.
“Puzzling” lack of pledges for adaptation
There’s a “great paradox” in evidence at COP29 between leaders’ speeches urgently calling to keep people safe from worsening climate change impacts – and the apparent lack of money available to do that, according to the head of the Adaptation Fund.
The UN fund – which has been at the cutting edge of efforts to build resilience to extreme weather and rising seas for the last two decades – only managed to secure contributions of around $61 million from donor countries at a fundraising event on Thursday, against its annual goal of $300 million.
This despite exhortations from UN Secretary-General Antonio Guterres and the UN climate chief at the start of COP29 for rich countries to fill the huge gap in adaptation funding, which could reach $187 billion-$359 billion a year by 2030.
“These missing dollars are not abstractions on a balance sheet: they are lives taken, harvests lost, and development denied,” said Guterres.
While there’s still time for more governments to come forward with new pledges before the end of COP29, Adaptation Fund head Mikko Ollikainen told Climate Home that “this year the situation looks quite difficult”.
“Contributor governments [are] almost all talking about the importance of adaptation – and quite a few of them are recognising the need for grant-based financing for adaptation especially – so it’s puzzling how that relates to the reality of there not being new pledges to the Adaptation Fund or adaptation funds in general,” he said on the sidelines of the COP.
At last year’s climate conference in Dubai, the fund also fell short of the same target – bringing in around $188 million. But there, wealthy governments had an excuse: they were also asked to dig deep to get the fledgling loss and damage fund up and running, which they did to the tune of nearly $700 million.
This year, however, they can’t hide behind the loss and damage fund as new money for that at COP29 has so far amounted to little more than Sweden’s $18.4 million pledge. Sweden has also stumped up around $763 million for the Green Climate Fund and $12 million for the Adaptation Fund.
This week the Adaptation Fund has received pledges from 10 European countries and regions, with flood-hit Spain offering the most ($19 million). The UK and the European Union are so far no-shows, though Germany has said it plans to contribute.
To make matters worse, the Least Developed Countries (LDC) Fund – also set up under the UN climate talks to help vulnerable countries adapt to climate change – has had to suspend a planned pledging event at CO29 after it “didn’t get very good signals” money would be forthcoming, the chair of the LDC Group told Climate Home on Friday.
Ollikainen said “the direction is quite wrong”, with needs going up and less money coming into the coffers of his fund. The Adaptation Fund has a long pipeline of projects but if donors don’t cough up more it will run out of money, he added. It is set to receive income from a 5% levy on sales of offsets in the new UN carbon market, but that may not start until 2026, he noted.
Samoan minister Cedric Schuster, who chairs the Alliance of Small Island States (AOSIS), told Climate Home he remains hopeful more money will come through for vulnerable countries at COP29 – and that the new climate finance goal due to be agreed in Baku will ensure contributions in the future.
“We can’t do anything if there are no pledges,” he said.
In brief…
Green light for new forest carbon credits: A key watchdog for the carbon market has given its high-integrity seal of approval to three methodologies for producing offsets that aim to reduce deforestation under so-called REDD+ projects. No credits have been issued so far under the rulebooks for forest projects approved by the Integrity Council for the Voluntary Carbon Market (ICVCM), but the body said “there is a large volume of credits in pipeline”. Hundreds of millions of existing REDD+ offsets have been issued under older methodologies but have faced widespread criticism over their alleged lack of real emissions reductions and failure to protect environmental and human rights. ICVCM did not assess the criteria for these earlier projects and producers of those credits will not be able to claim the high-integrity label unless they switch to the new methodologies.
The post COP29 Bulletin Day 5: Pressure to clean up COPs and shortfall in adaptation pledges appeared first on Climate Home News.
COP29 Bulletin Day 5: Pressure to clean up COPs and shortfall in adaptation pledges
Climate Change
Broken debt system must be fixed to confront future climate shocks
Mae Buenaventura is the manager of the debt justice programme of the Asian Peoples’ Movement on Debt and Development, a regional alliance of peoples’ movements, community organizations, coalitions, NGOs and networks
A potentially historic shift in public debt governance is set to unfold in Washington DC this week as Global South governments take a collective stand to stop a “silent killer” of development financing.
The first-ever UN-hosted borrowers’ forum will officially be launched on April 15 on the sidelines of the 2026 Spring Meetings of the International Monetary Fund (IMF) and the World Bank. Led by five convening countries – Zambia, Egypt, Nepal, the Maldives and Pakistan – the initiative is one of the key wins of last year’s 4th Financing for Development Conference (FFD4) in Sevilla, Spain.
The forum’s mandate is to establish a platform for borrower countries, supported by a UN secretariat, “to discuss technical issues, share information and experiences in addressing debt challenges, increase access to technical assistance and capacity-building in debt management, coordinate approaches and strengthen borrower countries’ voices in the global debt architecture”.
Instead of facing lenders alone, these countries will now use a UN-backed platform to share technical expertise and coordinate their approach to a global debt system that is fundamentally broken.
Debt grips climate-vulnerable nations
The human cost of the current debt architecture is staggering. According to the UN trade and development agency, UNCTAD, more than 40% of the global population – roughly 3.4 billion people – live in countries where the government is forced to spend more on debt payments than on the health, education and social protection of its citizens.
In so-called low-income countries, governments spend an average of 7.5% of their total budgets on debt service, with interest payments consuming up to 20% of total government revenue in these regions.
The Philippines is a case study in this financial stranglehold. It is part of a global majority forced to watch its public services crumble and infrastructure lag while its wealth is siphoned off to satisfy foreign lenders.
The policy of automatic appropriations – a legacy of the rule of late former President Ferdinand Marcos Sr. – mandates that debt servicing takes precedence over any other public expenditure, effectively placing the demands of lenders above the needs of the Filipino people. Even as it faces a $1.5 trillion regional financing gap to achieve the Sustainable Development Goals (SDGs) by 2030, its hands remain tied by a legal framework that values credit ratings over human lives.
As a “middle-income country” (MIC), the Philippines is stuck in a frustrating purgatory. It is often deemed “too wealthy” for the G20’s debt-relief framework, yet too poor to absorb global economic shocks. Last year, Finance Undersecretary Joven Balbosa hit the nail on the head when he called for support that goes “beyond the simplistic income categorization” that ignores a country’s actual vulnerabilities.
Without an inclusive and equitable global debt architecture, nations including the Philippines are left to navigate catastrophic climate risks and economic shocks with zero fiscal breathing space.
No respite during climate disasters
The regional evidence of this systemic failure is everywhere. Take Pakistan, which in 2022 was hit by catastrophic flooding that submerged a third of the country and caused billions in losses. Despite this climate-driven disaster, World Bank data shows that Pakistan made payments in 2023 of $11.8 billion for public and publicly guaranteed (PPG) external debt, while its PPG external debt reached $93 billion that same year, surpassing pre-pandemic debt of $87 billion (2020).
Sri Lanka followed IMF prescriptions throughout 16 lending programs since 1991, only to become the first Asian country this century to default. Its MIC status prevents application for debt relief and restructuring measures. Today, the Sri Lankan people bear the brunt of harsh conditionalities, including raising VAT from 8% to 15%, slashing food and fuel subsidies, and the erosion of hard-earned worker pensions.


Currently, the global rules of lending and borrowing are set by a “creditors’ club” composed of the IMF, the World Bank and the Global Sovereign Debt Roundtable it set up, and the Paris Club.
These institutions measure “debt sustainability” through a narrow lens of a country’s capacity to make timely repayments. They largely ignore internal economic inequalities, gender disparities and the existential threat of climate change.
Crises should trigger debt service cancellation
By organising the new borrowers’ forum, the Global South is signalling that the era of passive “standard-setting” by lenders is over.
The ultimate goal for global civil society and debt justice movements is the establishment of a UN Debt Convention; a democratic, binding and inclusive framework that governs both lenders and borrowers. This mechanism would ensure that debt restructuring and cancellation are sufficient to allow countries to fulfill their international human rights obligations and implement necessary climate actions.
Green Climate Fund picks locations for five developing country hubs
To be truly transformative, debt sustainability analyses must align with human rights and sustainable development needs. This means conducting impact assessments – both before and after loans are issued – to identify “illegitimate” debts that do not benefit the public.
Crucially, we need an automatic debt service cancellation mechanism that triggers during extreme climatic, environmental or health shocks. We also need a binding global debt registry to ensure that every loan is transparent and subject to public scrutiny.
Whether the borrowers’ forum becomes a true milestone depends on its courage to challenge the status quo. We can no longer allow debt to act as a “silent killer” of our future. It is time to demand a financial system that serves humanity, not just the balance sheets of the powerful.
The post Broken debt system must be fixed to confront future climate shocks appeared first on Climate Home News.
Broken debt system must be fixed to confront future climate shocks
Climate Change
Join Greenpeace to save Scott Reef from Woodside’s dirty gas
Greenpeace and allies will be protesting outside Woodside’s Annual General Meeting to show the WA and federal governments strong community opposition to Woodside’s proposal to drill for gas at Scott Reef.
What: Protest outside Woodside Energy’s Annual General Meeting
When: 8am Thursday 23rd April 2026Where: Kagoshima Park (on the corner of Great Eastern Highway and Bolton Avenue)
What’s at stake
Scott Reef is a pristine ocean ecosystem off the north-west coast of Australia.
It is home to endangered and endemic species, including pygmy blue whales and the dusky sea snake, and a nesting ground for green sea turtles. Scott Reef is a place of extraordinary natural beauty, and a vital marine environment that supports a wide range of marine life.
What Woodside is proposing
Dirty fossil fuel corporation, Woodside Energy, is seeking approval to drill more than 50 gas wells underneath and around Scott Reef as part of its Browse project.
The gas would be extracted and transported to the Burrup Hub, the most polluting fossil fuel project in Australia. This proposal would industrialise the doorstep of Australia’s largest freestanding oceanic reef system – threatening the marine life that relies on it and the climate.
Why this can’t go ahead
The WA Environmental Protection Authority has already identified the risks of this project as “unacceptable”, issuing a preliminary rejection.
Serious concerns include:
- The risk of an oil spill
- Impacts on pygmy blue whales
- Damage to green sea turtle nesting grounds
These risks are severe, and potentially irreversible. But the decision hasn’t been made yet. The project is still being assessed.
The Federal Environment Minister is approaching a decision that will determine whether Scott Reef is protected – or vulnerable to decades of industrial gas destruction.
This is a defining moment.
Make opposition visible
Across Australia, people are speaking out to protect Scott Reef and oppose Woodside’s Browse project.
Showing that opposition is visible, coordinated and growing helps increase pressure on decision-makers ahead of this critical decision.
Join the protest
A protest outside Woodside’s AGM is a key public moment to demonstrate opposition and help protect Scott Reef.
Kagoshima Park (on the corner of Great Eastern Highway and Bolton Avenue)
8am, Thursday 23rd April 2026
Join the protest and help show how many people support protecting Scott Reef before the government makes its decision.
Join Greenpeace to save Scott Reef from Woodside’s dirty gas
Climate Change
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As demand for whale meat declines at home, Norway exports it to Japan, markets it to tourists and sells it online as dog food.
Norway reopened its annual whale hunting season earlier this month, continuing a practice most countries abandoned decades ago.
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