A push to get rich nations to end their export credit support for overseas oil and gas projects has failed, after opposition from South Korea and Türkiye – and only late and lukewarm support from the United States.
The European Union, UK, Canada and Norway have been trying to get the 38 countries in the Organisation for Economic Co-Operation and Development (OECD) to agree to expand a 2021 ban on support for coal to the other planet-heating fossil fuels – oil and gas.
But South Korea and Türkiye opposed this effort, according to a document released by a South Korean government agency and seen by Climate Home. With pro-fossil fuel Donald Trump becoming US president on January 20, campaigners following the OECD talks said negotiators had given up trying to reach a deal.
An OECD spokesperson confirmed on Tuesday that governments had been “unable to reach an agreement to further restrict the provision of support for fossil-fuel related projects”, although “this issue may be revisited in the future”. Talks will continue in March but, because of Trump’s election as the incoming US leader, expectations of a breakthrough are low.
Missed chance
Climate campaigners lamented the lack of progress by OECD countries before Trump takes office. Kate DeAngelis, deputy director of international finance at Friends of the Earth US, said she had been “pretty hopeful that they were going to reach a deal” but “in the end, they failed”.
Dongjae Oh, gas lead at Korean campaign group Solutions for Our Climate, told Climate Home that “given the change in US administration, the 2024 momentum was a key moment for positive change – and it has been deeply regrettable to see talks stall, even with the majority of countries supporting the fossil fuel-finance restrictions”.
According to analysis from Oil Change International, the export credit agencies of OECD governments provide about $40 billion in support to foreign fossil fuel projects every year, with the vast majority going to oil and gas projects.
For example, before it promised to end support for fossil fuels in 2021, the UK’s export credit agency provided $300 million in loans to British companies working on a project to extract gas in Mozambique.
A joint UK-Canadian proposal and a separate one from the European Union would have committed governments – with some exceptions – to end their support for foreign projects that produce, transport, store, refine or distribute fossil fuels.
Opponents revealed
These OECD negotiations take place in secret, with no journalists or observers allowed to attend. But the Korean Trade Insurance Corporation (K-SURE) was present at the negotiations in March and June 2024. The organisation wrote up a summary of the talks and countries’ positions, which was released to a member of the Korean National Assembly – and an English translation has been seen by Climate Home.
It said that South Korea, Australia and Türkiye were opposed to the export credit proposals while the US, Japan and Switzerland were “reserved”.
According to K-SURE, South Korea argued that the ban would unfairly affect developing countries which are not members of the OECD and said there is a need to consider the pace of the green transition.
Record-hot 2024 shows world must adapt to extremes, says EU climate service
Türkiye said that fossil fuels should be reduced only gradually, without disrupting energy supply chains and energy security, and Australia said it was “unable to accept the current proposal”.
In March, according to K-SURE, the US argued that options other than a blanket ban should be considered, while Japan pushed for more exceptions and Switzerland wanted additional time for discussions between Swiss ministries.
In June, K-SURE reported that most countries other than South Korea and Türkiye agreed on the “fundamental direction” of the ban but differences remained on the details.
“South Korea conveyed its dissenting opinion,” K-SURE noted, while Türkiye said the proposal was “not feasible” because of national and energy security.
Trump deadline
The talks continued – and, according to DeAngelis, intensified after the election of Donald Trump on November 5 last year “put a fire under the Biden White House to take this seriously and really engage in the talks”.
Oil Change campaign strategist Adam McGibbon told Climate Home there were several rounds of talks throughout November and December, but those talks broke down without agreement on December 20.
McGibbon, DeAngelis and Oh criticised Türkiye and especially South Korea for opposing the agreement. South Korea is a leading producer of the ships that carry liquefied natural gas, and its export credit agencies often loan companies the money to buy them.
Oxfam: Super-rich have already burned more than their fair share of carbon for 2025
“Continuing to hinder global climate ambitions in the year ahead would be harmful both for domestic development and Korea’s global ambitions,” Oh said.
But DeAngelis believes the US should take “a lot of the blame” for only supporting the proposal late and for failing to persuade South Korea to agree to it, as she said the US had done for the previous OECD ban on coal finance.
Next steps
DeAngelis said that while the OECD talks seem to have stalled for at least the four-year period of Trump’s presidential term, climate campaigners would encourage countries to sign up individually to the Clean Energy Transition Partnership (CETP).
This initiative was launched at COP26 in 2021 and commits countries and public finance institutions to end overseas support for fossil fuels. Its members now number 41 after Norway and Australia joined at COP28. While the OECD only addresses export credit agencies, the CETP also includes support from development finance institutions and contributions to multilateral development banks.
Research released last August by the International Institute for Sustainable Development (IISD) found signatories were largely delivering on their promise, with their collective fossil fuel financing in 2023 amounting to $5.2 billion – a decrease of two thirds from the pre-CETP baseline. This, IISD said, was “a historic achievement”.
DeAngelis said campaigners are trying to get South Korea and Japan to join the CETP, particularly if there is a change of government in Korea after the current political turmoil triggered by the suspended president’s short-lived declaration of martial law.
The OECD spokesperson said that, when it comes to limiting international support for fossil fuel projects, any government “that wishes to do so is free to join those who have already voluntarily adopted more restrictive terms and conditions for such transactions”.
(Reporting by Joe Lo; editing by Megan Rowling)
The post Bid to end export credit help for oil and gas fails, with Korea and Türkiye opposed appeared first on Climate Home News.
Bid to end export credit help for oil and gas fails, with Korea and Türkiye opposed
Climate Change
UN chief warns climate crisis “in overdrive” as El Niño threatens to fuel the fire
The United Nations Secretary-General and foreign ministers from the UK, France and Spain have blamed the deadly wildfires engulfing Europe on climate change, using the disaster to renew calls for faster cuts to greenhouse gas emissions.
António Guterres told journalists on Friday that the “climate crisis is in overdrive”, adding that global heat seen so far is just a “warm up act” as a phenomenon known as El Niño intensifies “adding fuel to a planet already on fire”.
A new World Meteorological Organisation (WMO) report published on Friday predicts that the weather pattern will grow into a “strong event” between now and October, increasing the risk of higher than normal temperatures across much of the world and disrupted rainfalls.
“That risks shattering every seasonal record – and driving even more severe effects worldwide,” Guterres said.
El Niño builds on top of an already warming world, driven primarily by the burning of fossil fuels. A WMO scientist, who did not want to be named, told journalists that all the heatwaves and other climate impacts seen so far this year are “before the effects of El Niño are really kicking in at a global scale”.
Fossil fuellling the fires
Fires have broken out across much of Europe but are threatening the most people in the south-west of France near Bordeaux and in Central Spain near Madrid. Nearly a quarter of a million people have been evacuated in France with hundreds of homes destroyed while in Spain 80,000 people have had to leave their homes and at least 13 died in one village.
A scientific study published on Friday by the World Weather Attribution group found that man-made climate change made deadly fires in France twice as likely and those in Spain twenty times more likely. Smaller fires in the UK were not analysed by the study.
UN Climate Change leader Simon Stiell blamed fossil fuels for the fires, as well as storms in Chile and heatwaves in North America and Japan in recent weeks. “The climate alarm is blaring”, he said on Wednesday.
Guterres criticised new fossil fuel production projects and fossil fuel subsidies for causing hardship across the world. Discussing his speech, a senior UN official – who did not want to be named – said the subsidies amounted to trillions of US dollars a year and criticised pension funds and institutional investors, including insurance companies, for continuing to invest in fossil fuel projects.

Asked why world leaders and the public are not prioritising climate action, Guterres said they are distracted by wars in Ukraine, the Middle East, Sudan and elsewhere and sometimes forget “other aspects that are a sometimes even more dangerous threat”.
Also the fossil fuel industry and “some countries” are campaigning to pretend that climate change does not exist, he said, adding that the UN should be more active in “naming the situations as they are and the responsibilties as they are and mobilising the public opinion”.
After meetings in Paris and Madrid earlier in the week, the UK’s new foreign minister Ed Miliband issued joint statements with his French and Spanish counterparts – Jean-Noël Barrot and José Manuel Albares Bueno – calling on the world to reduce its dependence on fossil fuels.
They promised to do more to reduce emissions and protect their people and encouraged other governments to do the same.
The UK-French statement called on governments to publish UN climate plans, known as nationally determined contributions (NDCs), which are aligned with the Paris Agreement’s goal to limit global average temperatures to 1.5C above pre-industrial levels.
According to Climate Action Tracker, only three countries – the UK, Nigeria and Norway – have submitted NDCs with 2035 emissions reduction targets which are compatible with 1.5C. Fifty-two countries – including Egypt, Vietnam and Argentina – have yet to submit an NDC at all.
Defending science
Beyond action on emissions, the ministers also intervened in an ongoing dispute over the timing of the Intergovernmental Panel on Climate Change’s (IPCC)’s next flagship assessment.
Miliband and Barrot’s statement said they “underline the importance” of scientific report feeding into governments’ next global stocktake of progress on climate action in two years’ time, calling it a “critical input” to that process.
The timing of this report has been a contentious issue in government negotiations at the IPCC and at June’s climate talks in Bonn. While a group of nations calling themselves the “friends of science” want the report before the stocktake, others like Saudi Arabia and India have argued that this would make the report of a worse quality and less inclusive of developing countries’ scientists.
Science ‘under attack’ from fossil fuel interests at UN climate talks
The UK-Spanish statement weighed in less explicitly on this issue but said that they “recall the importance of scientific evidence and acknowledge the work of the IPCC in this respect.”
The British and French ministers said they would seek to accelerate reductions of emissions in methane, a particularly potent greenhouse gas, at COP31 in November. They encouraged governments “to work jointly to develop a marketplace for fossil fuels with near-zero methane intensity.”
Methane leaks from oil, gas and coal production are a major contributor to global warming. Over a 20-year period, methane traps around 80 times more heat than carbon dioxide.

The UK and Spanish statement emphasised the importance of supporting the Global South and underlined the need to mobilise sustainable financing “at scale with the challenge we face”. The previous UK government, in which Miliband was energy minister, cut climate finance to developing countries to pay for increases in military spending.
The UK government led by new Prime Minister Andy Burnham has yet to outline any major changes to climate finance in its two weeks in power but has announced it will convert some finance from grants to loans in order to free up money to subsidise bus travel in England.
More adaptation needed
Guterres said that “it is time to stop treating each disaster as an isolated tragedy and recognise the systemic risk that is unfolding before our eyes.” A recent study found that three-quarters of UK media reports about the British June heatwave did not mention climate change.
As well as reducing emissions, the UN Secretary-General called for measures to adapt vulnerable people to extreme heat. Specifically, he said that buildings should be built and retrofitted for extreme heat and that every city and country should have heat-health action plans and early warning systems. Over 250 cities have joined the UN’s ‘beat the heat’ initiative, he said.
The Portuguese diplomat called for governments and employers to do more to protect their workers from heat, criticising global fashion brands for not setting heat standards for the factories that supply them. “No one should have to risk their life to earn a living,” he said.
The post UN chief warns climate crisis “in overdrive” as El Niño threatens to fuel the fire appeared first on Climate Home News.
UN chief warns climate crisis “in overdrive” as El Niño threatens to fuel the fire
Climate Change
‘Ride the wave of momentum’: Australia announces once-in-a-decade Marine Parks Network review
In response to the federal government announcing its once-in-a-decade review of Australia’s Marine Parks Network, the following lines can be attributed to Elle Lawless, Senior Campaigner at Greenpeace Australia Pacific:
“Greenpeace Australia Pacific welcomes today’s announcement that the Albanese Government will review Australia’s Commonwealth Marine Parks Network. This is a rare, once-in-a-decade opportunity to strengthen our marine parks and ban industrial fishing in Australia’s marine protected areas.
“Australians would be appalled to know that more than half of Australia’s Marine Parks Network currently allows for extractive industries, like longlining, bottom trawling and oil and gas mining. These so-called ‘protected’ areas were designed to safeguard our beloved ocean wildlife and underwater ecosystems – that is what Australians expect. Damaging industrial industries should not be given a free pass to trawl, fish, drill or extract from our marine parks.”
“With the first Ocean COP just around the corner, and off the back of Australia’s move to ratify the Global Ocean Treaty earlier this year, the Australian government has a unique opportunity to ride the wave of this momentum and solidify itself as a true global ocean leader.
“Greenpeace Australia Pacific is calling for industrial activities to be banned from our protected waters and for at least 30% of Australia’s ocean to be protected as ocean sanctuaries. This review presents a rare opportunity to create more ocean sanctuaries, true blue havens where ocean life can recover, thrive and repopulate the surrounding waters.”
—ENDS—
‘Ride the wave of momentum’: Australia announces once-in-a-decade Marine Parks Network review
Climate Change
Factcheck: No, Europe is not having its ‘quietest’ year for wildfires
In recent days, prominent climate sceptics and rightwing commentators have shared charts on social media incorrectly implying that Europe is having its “quietest” year for wildfires in 2026.
These include Dr Matthew Wielicki, a former University of Alabama geochemist and self-described “professor in exile”, who was recently appointed by the Trump administration to lead the US Global Change Research Program.
However, these charts paint a misleading picture as they are skewed by encompassing the entirety of Russia in the data – including the vast plains of Siberia.
These charts also use data that include fires that are deliberately lit to manage cropland, which is a declining practice across much of Europe.
In this factcheck, Carbon Brief shows that the area burned by wildfires across the European Union in 2026 is second only to 2022 for this time of year.
The latest data from the European Forest Fire Information System (EFFIS) also shows that France has set a new modern record for area burned and Spain’s wildfire season is among the worst on record.
The fires have displaced more than a third of a million people across south-western Europe, while an impending heatwave has also raised fears of the fires worsening in the coming days.
‘Quietest year’
On 27 July, as wildfires raged across multiple European countries, former Conservative peer and climate-sceptic commentator Matt Ridley posted on Twitter that “2026 is the quietest year for wildfires in Europe by some distance”.

Ridley, who sits on the academic advisory council of the Global Warming Policy Foundation (GWPF), a UK-based climate-sceptic lobby group that refuses to reveal the sources of its funding, was responding to an article by Daily Telegraph columnist Tim Stanley.
Stanley’s column, headlined: “Climate change is real – and the right needs to get serious about it”, warned:
“This is no longer a matter of speculation: the wildfires of Europe, pitiless and persistent, are the way we live now.”
Ridley included a chart from Our World In Data, showing the cumulative area burned by wildfires by week for Europe. The chart puts 2026 as having the smallest area for this time of year in a dataset going back to 2012.
Ridley’s post was widely shared by prominent rightwing figures – including Richard Tice, deputy leader of the hard-right, climate-sceptic Reform UK party, former Conservative cabinet minister Jacob Rees-Mogg and multiple commentators.
Separately, Wielicki also shared a chart on Twitter to imply that wildfires in Europe are declining. Wielicki has previously claimed that the “science is not settled on climate change”.
The charts posted by Ridley and Wielicki both use data from the Global Wildfire Information System (GWIS). The GWIS category for “Europe” encompasses all the countries on the continent and includes the whole of Russia.
As a result, Russia accounts for about 74% of the area included in the GWIS definition of “Europe”.
Wildfires in Russia typically account for 80-90% of the burned area in the GWIS Europe dataset. In 2026, fires in Russia are substantially below average. Therefore, including Russia in this comparison creates the false impression that wildfire activity across Europe is unusually low.
Dr Calum Cunningham, a research fellow at the University of Tasmania’s Fire Centre, says that such claims are “highly misleading”, noting that “they rely on aggregating fire activity across an enormous and climatically diverse region”. He tells Carbon Brief:
“A relatively quiet season in Russia can easily mask an exceptionally active season in France or Spain. If the analysis is focused on the regions actually experiencing the current fires, the picture is very different.
“The reality is that western Europe has experienced an extraordinary sequence of climate conditions this year.”
In contrast, the EFFIS provides a subset of wildfire data specifically for the area covered by the 27 nations of the EU, which, therefore, excludes Russia.
Another difference between the two datasets is that GWIS monitors all fires – including those on agricultural land that are intentionally set alight. The burned area as measured by GWIS contains significant cropland area.
By contrast, EFFIS uses land-cover data and other information to filter specifically for forest fires.
Looking at the EU-only data from EFFIS reveals that Europe is far from having its “quietest” year. The bloc’s burned area, as of 29 July, is almost 435,000 hectares (ha) – second only to 2022 for this time of year.

Notably, Wielicki has actually continued to post charts based on GWIS data, even after acknowledging that “includ[ing] all of Russia, including vast areas of Siberia…isn’t a good proxy for Europe”.
French fires
Even looking at EU-wide data misses the scale of this year’s wildfires for some individual countries.
The chart below shows the surge in burned area in France since mid-July.
For much of the first half of the year, the country was having a wildfire season that was only slightly above average in terms of total burned area. However, a notable uptick began in the first week of July.
The third week of the month saw France break its previous cumulative annual record by more than 19,000ha. That gap has widened as the fires continue to burn; as of 29 July, the cumulative burned area in France during 2026 was nearly 24,700ha above the previous record.

The fires in France follow a record-breaking June heatwave that “dried out vegetation across the region, allowing fires to spread quickly”, wrote the New York Times.
On 27 July, French president Emmanuel Macron called a “crisis cabinet meeting” in order to address the fires “ravaging several areas of south-west France”, said France 24.
More than 220,000 people have been evacuated due to the Gironde fire, west of Bordeaux, in “what may be France’s largest peacetime evacuation”, reported the Associated Press.
In the Conversation, Cunningham and two other University of Tasmania researchers write that evacuation orders “protec[t] human lives, but makes it more likely houses and other structures will burn if there’s no one to defend them”. They add:
“There is little doubt climate change has made France and Spain’s wildfires worse. They represent yet another reason to redouble our efforts to tackle climate change and stabilise our climate.”
Central Spain scorched
While Spain’s fire season has not broken records in the same way that France’s has, it is on track to be among the worst since EFFIS began reporting data in 2006.
The chart below shows the rapid increase in burned area in Spain since 8 July. The latest data from EFFIS reveal that, as of 29 July, Spain has almost matched its previous record at this point in the year. It is also nearly five times the average area burned for this time of year.

In Spain, the wildfires have been concentrated in the central part of the country, near Madrid.
BBC News reported that the fires outside the capital have burned “an area more than twice as large as the city itself”.
Nearly 90,000 people were forced from their homes in central Spain by the fires, said the Associated Press.
Pedro Sánchez, Spain’s prime minister, called the fires a “painful expression” of climate change.
Meanwhile, the UK, French and Spanish governments have issued joint statements this week in response to the fires. The UK/Spain statement begins:
“This summer’s wildfires demonstrated that climate change was now a national security emergency facing Europe and threatening our way of life.”
Related
The post Factcheck: No, Europe is not having its ‘quietest’ year for wildfires appeared first on Carbon Brief.
Factcheck: No, Europe is not having its ‘quietest’ year for wildfires
-
Climate Change12 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Greenhouse Gases12 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Greenhouse Gases2 years ago嘉宾来稿:满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change2 years ago嘉宾来稿:满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change2 years ago
Bill Discounting Climate Change in Florida’s Energy Policy Awaits DeSantis’ Approval
-
Renewable Energy9 months agoSending Progressive Philanthropist George Soros to Prison?
-
Carbon Footprint2 years agoUS SEC’s Climate Disclosure Rules Spur Renewed Interest in Carbon Credits
-
Greenhouse Gases1 year ago
嘉宾来稿:探究火山喷发如何影响气候预测
