Connect with us

Published

on

Two weeks before Brazil hosts the COP30 summit in the Amazon city of Belém, its state-run oil firm Petrobras has been granted a licence to explore for oil in an offshore block in the mouth of the Amazon River, a move criticised by campaigners as undermining the country’s climate leadership.

After five years of discussions, Brazil’s government approved an environmental permit for Petrobras to drill an exploratory oil well in block FZA-M-59 in the Foz do Amazonas Basin, in Amapá state.

The offshore site is 540 kilometres from the mouth of the Amazon River, near the border with Guyana. As Climate Home News previously reported, almost 20% – 5.3 billion barrels of oil equivalent – of global oil reserves identified between 2022 and 2024 are located in the Amazon, primarily along South America’s northern coast between Guyana and Suriname.

    The licence for block FZA-M-59 was earlier denied in 2023, when experts at environmental agency Ibama concluded that Petrobras had failed to present a solid impact mitigation and emergency response plan. But after the company made adjustments, it said on Monday it had been given permission to proceed.

    The company said the drilling is expected to start right away and last around five months, adding that no oil will be produced for now.

    Observatório do Clima, a coalition of Brazilian climate groups, said it is planning to challenge the decision in court and “denounce the illegalities and technical failures in the licensing process” in a bid to render the licence null and void.

    Suely Araújo, the network’s coordinator of public policies, described the issuance of the license as “a double sabotage”.

    “On the one hand, the Brazilian government acts against humanity by stimulating further fossil expansion, contradicting science and betting on more global warming. On the other hand, it hinders COP30 itself, whose most important delivery needs to be the implementation of the determination to phase out fossil fuels,” she said.

    Ilan Zugman, Latin America and Caribbean Director at climate campaign 350.org, said that “authorising new oil licenses in the Amazon is not just a historic mistake – it’s doubling down on a model that has already failed”, adding that it produces profits for a few but can bring violence for locals.

    “Brazil must take real climate leadership and break the cycle of extraction that has led us to the current climate crisis,” he said.

    Brazilian energy ministry defends decision

    Announcing the decision to grant the licence, Brazil’s Minister of Mines and Energy Alexandre Silveira said the oil in the Equatorial Margin region “represents the future of our energy sovereignty”.

    He said Brazil had made “a firm and technical defence” to ensure that exploitation “is done with full environmental responsibility, within the highest international standards, and with concrete benefits for Brazilians and Brazilians”.

    The Amazon rainforest emerges as the new global oil frontier  

    The ministry said in a press release that the FZA-M-59 block “has the potential to open a new exploratory frontier”, with the activity expected to generate more than 300,000 direct and indirect jobs, strengthen the local economy and boost royalty revenues.

    Silveira also argued that Brazil’s oil “is one of the most sustainable in the world, with one of the smallest carbon footprints per barrel produced”, ahead of countries such as Canada, the UK and Russia.

    ICJ warns on state support for fossil fuels

    Campaigners said that the decision goes against recent rulings by the Inter-American Court of Human Rights and the International Court of Justice (ICJ), which reinforce countries’ commitments to protect the climate.

    In a landmark advisory opinion issue in July, the ICJ mentioned granting fossil fuel exploration licenses as one example of state policies that could constitute “an internationally wrongful act”.

    The International Energy Agency, meanwhile, has said that no new fossil fuel projects are needed if global emissions are to fall to net zero by 2050 in line with limiting warming to 1.5C, as governments said they would aim to do under the Paris Agreement.

    Carlos Nobre, co-chair of the Amazon Scientific Panel, warned that ignoring such advice could see global warming hit 2C, threatening to push the Amazon rainforest across an irreversible tipping point.

    “Beyond eliminating all deforestation, degradation and fires in the Amazon, it is urgent to reduce all fossil fuel emissions. There is no justification for any new oil exploration. On the contrary, rapidly phasing out existing fossil fuel operations is essential,” he said.

    A mixed area of fields and Amazon rainforest is burning uncontrollably, while nearby residents attempt to contain the flames. (Photo by Gustavo Basso/NurPhoto)

    A mixed area of fields and Amazon rainforest is burning uncontrollably, while nearby residents attempt to contain the flames. (Photo by Gustavo Basso/NurPhoto)

    Luiz Inácio Lula da Silva, Brazil’s president, backs oil exploration in the country – already the world’s eighth-largest producer – arguing that the profits could be used to finance the transition to clean energy. “I dream of a day when we no longer need fossil fuels, but that day is still far away. Humanity will depend on them for a long time,” he said in a speech back in February in Pará, the state that will host COP30.

    After the licence was approved, Clara Junger, campaign coordinator for Brazil at the Fossil Fuel Non-Proliferation Treaty Initiative, refuted Lula’s perspective. “This decision undermines commitments to the energy transition and puts communities, ecosystems, and the planet at risk. Contrary to official claims, oil revenues contribute almost nothing to the transition – only 0.06%,” she said in a statement.

    Banks pour billions into Amazon oil and gas

    Back in 2023, at COP28 in Dubai, countries agreed to “transition away from fossil fuels in energy systems”. Earlier this year, Brazil’s Environment Minister Marina Silva suggested COP30 could result in a roadmap to guide a “planned and just transition” to end fossil fuels, although there has been little advance since.

    Livia Duarte, a congresswoman from Pará State, said a global agreement to phase out fossil fuels is needed, especially in the Amazon. “Corporate profit should never take precedence over life on the planet. Granting a license in Block FZA-M-59, in the Amazon River estuary basin, is a dangerous choice for Brazil,” she added.

    Brazilian activists vow to fight Amazon oil auction in court, hail ‘partial victory’ over unsold blocks

    On Tuesday, new data published in the Banks vs. the Amazon scorecard, showed that Brazilian and international banks have extended an additional $2 billion in direct financing for Amazon oil and gas projects – including to Petrobras – since the beginning of 2024. 

    In a statement, green group Stand.earth said that by financing these projects, “banks are fuelling both the climate crisis and the destruction of the Amazon, instead of backing the just energy transition urgently needed”. It called on them to implement Amazon oil and gas financing exclusion policies to protect Indigenous communities and “help avert Amazon’s imminent tipping point”.

    The post Ahead of COP30, Brazil grants Petrobras a licence to drill for oil in Amazon region appeared first on Climate Home News.

    Ahead of COP30, Brazil grants Petrobras a licence to drill for oil in Amazon region

    Continue Reading

    Climate Change

    UN sets steep emission cuts to reverse 1.5C overshoot by end of century

    Published

    on

    The United Nations has said the world must cut greenhouse gas emissions by nearly 6% per year to limit global warming enough to be able to return to the 1.5C goal by 2100, as decades of insufficient climate action have now made an overshoot inevitable.

    In a video message accompanying the UN Environment Programme’s (UNEP) 2026 Emissions Gap Report, UN Secretary-General António Guterres said the world could no longer avoid overshooting the 1.5C limit and that the consequences were already devastating. However, he said it was still possible to return average global temperatures to 1.5C above preindustrial times by the end of the century.

    “Overshoot is not surrender,” he said, adding that the report, released on Wednesday, sets out what is needed to limit warming. That entails cutting global greenhouse gas emissions by 18% by 2030, 45% by 2035 and 69% by 2040, all compared with 2025 levels.

    This implies average annual reduction rates of 5.7% for 2025-2035, higher than the pathways laid out by the Intergovernmental Panel on Climate Change in its last major scientific report, which required annual reduction rates of about 5%, UNEP said.

    Paris Agreement committee names three countries snubbing it over NDCs

    The more ambitious emissions reductions – which countries are still far off achieving – would put the world on the lowest-possible overshoot pathway, giving a 50% chance of limiting peak warming to 1.7–1.8C around mid-century before bringing global temperatures back to 1.5C or below by 2100, the report said. Reaching this scenario will also require carbon removal from the atmosphere, it added.

    UNEP noted that if countries fully implement their current national climate plans (NDCs), they would only reduce emissions by 5-8% by 2030 and 11-15% by 2035, relative to 2025 levels.

    UNEP Executive Director Inger Andersen said the world must not give up on the Paris Agreement’s most ambitious warming limit, adding that every additional fraction of a degree and additional year of heating above 1.5C increases climate change impacts and risks, such as the deadly floods, heatwaves and wildfires that have plagued many nations this year.

    “We must pull out all the stops to minimise peak warming and return to 1.5C by the end of the century. This is possible,” she said, adding that governments must urgently implement policies that deliver rapid and sustained emissions reductions.

    Climate pledges fall short

    New climate pledges since last year’s report have made a negligible difference to projected emissions and warming, UNEP said. Under current policies, the world is on course for 2.8C of warming this century, while full implementation of national climate pledges and continued similar efforts would limit warming to 2.6C, the report found.

    UNEP said its projections had deteriorated, attributing this to the withdrawal of the United States from the Paris Agreement under President Donald Trump and revised estimates of historical emissions.

    Even with the most optimistic pledge-based scenario – which assumes countries deliver both their current national climate commitments and additional net-zero targets – warming would now only be limited to 2.1C this century, the report found.

    IPCC scientists vow to press on with climate reports despite political deadlock

    Speaking to journalists ahead of the report’s launch, co-author Anne Ohlhoff said the US exit from the Paris accord meant that its previous national climate target was no longer included in UNEP’s global projections. The country has also dropped its net-zero emissions goal, she said, affecting the outlook because the US is the world’s second-largest emitter.

    She warned that there is still a large gap between countries’ emissions commitments for 2035 and the reductions needed under the report’s lowest-possible 1.5C overshoot scenario.

    Every five years of carbon dioxide (CO₂) emissions at current levels pushes peak warming up by around 0.1C, she said, adding that without urgent action, it could quickly become impossible to keep peak warming below 1.7–1.8C.

    Describing the emissions gap as a “leadership gap”, UN chief Guterres warned that current national climate plans and policies “fall dangerously short” of what is needed to limit warming. He urged countries to adopt credible roadmaps for transitioning away from fossil fuels, accelerate clean energy deployment and electrification, invest in electricity grids and storage, cut methane emissions and halt deforestation.

    Carbon removal needed, but risky

    Alongside deep emissions cuts, removal of CO₂ from the atmosphere needs to be accelerated throughout the century, the report found. The world will need to remove and permanently store about 320 billion tonnes of CO₂ from the atmosphere to return global temperatures to around 1.5C by 2100.

    The estimated carbon removal is equivalent to around eight years of global CO₂ emissions at 2024 levels. However, UNEP cautions that removing carbon at this scale remains uncertain because of technological and socio-economic challenges.

    Keywan Riahi, a contributor to the report, said carbon could be removed through nature-based approaches, such as planting forests and improving wetland management, which help ecosystems absorb carbon emissions, as well as engineering solutions that capture emissions from energy production or remove carbon directly from the air.

    A view of Brazil’s Pantanal wetland (Photo: Silas Ismael/Wetlands International Brazil office)

    A view of Brazil’s Pantanal wetland (Photo: Silas Ismael/Wetlands International Brazil office)

    However, he warned that both nature-based and technological approaches face risks and might not deliver carbon removal at the scale needed. This is because nature solutions such as planetary sinks are weakening because of climate change while techno-fixes remain uncertain, he added.

    “All of those technologies come with risks,” Riahi told reporters, adding that what the world needs is to try “to keep the overshoot as low as possible, so that we do not need to rely on these technologies to take CO₂ out of the atmosphere later on”.

    Renewable energy supports emissions cuts

    Despite the expected overshoot of the 1.5C warming limit, the UNEP Emissions Gap Report underscored that the rapid growth of renewable energy and the impact of climate policies so far show that deeper emissions cuts remain possible.

    It stated that since the adoption of the Paris Agreement in 2015, global renewable electricity capacity has grown three times faster than anticipated, while solar photovoltaic (PV) deployment has increased sevenfold compared with projections made a decade ago.

    Maintaining the recent pace of renewable energy expansion, alongside stronger policies, could put the world on track to meet the global goal of tripling renewable energy capacity by 2030, the report said. It could also increase the share of wind and solar in electricity generation to levels consistent with the pathway that limits the overshoot of 1.5C to the lowest possible level, it added.

    SE Asia speeds up plan for connected clean power grid after oil shock

    Andersen said the explosion of renewable energy and slower-than-projected growth in coal energy supply showed that accelerating climate action is possible. However, she warned that progress remains insufficient, particularly in phasing down fossil fuels and halting forest loss.

    “Nations must understand that the point of return begins now, not later,” she said, calling for “fast, deep and sustained emissions reductions”. She urged governments to strengthen their climate action at upcoming UN climate talks and accelerate efforts to keep the 1.5C pathway within reach.

    Bill Hare, chief executive of Climate Analytics, said major fossil fuel-producing countries need to take greater responsibility for reducing their emissions, saying that big polluters such as the US and Saudi Arabia need “to stop playing politics and face the scientific reality”.

    “Right now they are looking at the fire, denying it exists and pouring more petrol on it, while their own citizens increasingly face searing heat, wildfires and other impacts,” he said. “Governments [need] to get on with enacting policies that cut fossil fuel use as soon as possible.”

    The post UN sets steep emission cuts to reverse 1.5C overshoot by end of century appeared first on Climate Home News.

    UN sets steep emission cuts to reverse 1.5C overshoot by end of century

    Continue Reading

    Climate Change

    Turkish giant sponsoring COP31 cut climate goals then cashed in on oil boom

    Published

    on

    When the Turkish COP31 presidency presented its priorities to international business leaders for the first time in New York in September, among those invited to give the private sector’s first response was Ali Koç, scion of one of Türkiye’s wealthiest families.

    On stage, the vice chair of the board of Koç Holding said the family company, which weeks earlier had been announced as one of the top sponsors for the UN climate summit, can be seen as “quite exemplary” for its climate record.

    What Koç did not mention was that the group’s biggest money-making arm – Türkiye’s largest oil refiner Tüpraş – plans to keep running its refineries “at maximum potential”. Nor did he say that, in 2025, both parent company and subsidiary cut their 2030 climate targets to a level they had already nearly achieved, as Climate Home News’ analysis of company records reveals.

    The decision to hand Koç Holding a prominent role at COP31 – the company is also the summit’s “Global Business Partner” – has reignited a long-running controversy over the platforming of fossil fuel interests at the annual UN climate conference.

    It has also thrown into question how COP sponsors are chosen and screened. The hosting agreement between the Turkish government and the UN climate secretariat (UNFCCC) says that a partner company’s “climate integrity” should be taken into account.

    COP31 electrification pledge leaves out clean power commitment

    But how that test is applied is unclear and the process for picking sponsors remains largely opaque. The Turkish COP31 presidency has not published its selection criteria, nor the financial terms of any of its partnership agreements, including Koç’s. The UNFCCC declined to clarify how it advises on such deals.

    Campaigners have long argued that accepting sponsorship from polluting companies is wrong because it gives them a global stage, visibility and access to policymakers at talks that are meant to move the world away from fossil fuels, and tarnishes the reputation of the COPs.

    Koç’s energy division, which is dominated by oil refiner Tüpraş, accounted for three-quarters of the parent firm’s income in the first half of 2026.

    “How was Koç Holding ever chosen as a COP31 sponsor? Any corporation that makes most of its money from oil refining should not qualify as sustainable,” said Pascoe Sabido, a campaigner at Corporate Europe Observatory, which exposes company lobbying. “This is hugely embarrassing for the UNFCCC and its climate integrity check, which doesn’t appear to be worth the paper it’s written on.”

    Koç Holding “is not just standing still but walking backwards”, he told Climate Home News.

    Koç Holding and Tüpraş did not reply to multiple requests for comment. The UNFCCC secretariat and the Turkish COP31 presidency declined to respond to questions from Climate Home News on the sponsorship agreement.

    Oil refining windfall

    Türkiye’s biggest industrial group, Koç Holding has stakes in several key sectors of the economy, spanning vehicle manufacturing in a joint venture with Ford to electronics, home appliances and banking.

    But the conglomerate’s crown jewel is oil refiner Tüpraş, which Koç controls. Last year its four refineries turned crude oil into 26.8 million tonnes of petrol, diesel, jet fuel and other products, enough to fill about 36 Olympic swimming pools every day.

    The company plans to raise its production to 29 million tonnes in 2026 – already a bumper year so far with soaring profits, thanks to sky-rocketing refining margins driven by a crunch in global oil processing capacity caused by the Middle East crisis.

    Click to enlarge

    Click to enlarge

    The oil business boom sits awkwardly with the climate and energy transition plans Koç and Tüpraş unveiled in 2021, when both pledged to become carbon neutral by 2050. Then, Tüpraş set out its aim to become “a leading carbon-neutral energy company”.

    Despite these promises, in 2025, both companies lowered their targets for cutting emissions from their own operations by 2030, from 27% to 20% below 2017 levels. Tüpraş also cut its 2035 goal from 35% to 25%. The company still technically retains its long-term target of carbon neutrality by 2050, but the new plan will require much more drastic cuts after 2035.

    Lowering the climate bar

    Tüpraş blamed its weakening of climate ambition on “changing market dynamics, economic conditions and technological developments”. In a presentation announcing the revision to investors, the refiner said the energy outlook had changed since 2021.

    The reasons it listed included elevated geopolitical tensions, increased investment in oil and gas extraction, which it said showed refined fuels remain vital for energy security – and even the depletion of the carbon budget to keep global warming to 1.5C.

    Its parent company Koç pointed the finger at the slow pace of green hydrogen development, which the group said now had a “low feasibility” of transforming the energy sector after it had previously pinned much of its transition plan on the sustainable fuel.

    The Turkish company’s new 2030 targets are certainly within reach. Tüpraş had already cut its operational emissions by 17% from 2017 levels by 2025, with nearly all of that progress achieved before the transition plan was unveiled, while Koç had reduced them by 16%.