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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
Nature cannot be ignored by Europe’s next big budget
Adeline Rochet is a programme manager for the Corporate Leaders Group Europe, a business coalition driving the transition to a sustainable, competitive, and resilient economy convened by the University of Cambridge Institute for Sustainability Leadership (CISL).
Europe’s economy depends on the natural world functioning as it should, but the effects of climate change risk undermining increasingly delicate ecosystems. Talks about the European Union’s next long-term budget miss this fact.
Climate-related losses in the EU have already reached €822 billion since 1980, with a quarter of that damage concentrated in just the past four years. Ecosystems are under increasing pressure: more than 80% of protected habitats are in poor condition, soils are degrading and water stress is rising across the continent.
The latest state of the climate report by the EU’s Earth monitoring service Copernicus confirms this worrying state of affairs: 95% of Europe experienced above-average temperatures in 2025.
Economic exposure to nature-related risk is also growing. Businesses, banks and insurers are beginning to reflect this in their risk assessments.
So, will the policymakers in charge of developing the European Union’s next big budget integrate this vision? We are in the midst of finding out.
Every seven years, the EU must negotiate a new budget that will help fund priorities over a seven-year-long period. The current one, which runs out next year, is worth more than a trillion euros.
Talks about the next multiannual financial framework (MFF) for 2028-2034 are now getting serious and the initial outline of this new budget shows it will focus on competitiveness, resilience and prosperity.
But, as the European Parliament adopted its negotiating position for the crunch budget talks and EU member states shape their approach ahead of a Council meeting on May 26, it is clear that the positioning of nature within this framework is strategically underestimated.
Why nature impacts economic growth
Back in 2022, France’s nuclear power output was severely affected when heatwaves drove up the temperature of the rivers used to cool atomic reactors, impacting other European countries too. This was particularly poor timing given the energy price crisis triggered earlier that year by Russia’s illegal invasion of Ukraine.
Low river levels caused by drought have also heavily impacted economic activity and growth in countries like Germany, due to the negative effect on inland trade, while degraded fields in the Netherlands combined with heavy rainfall have ruined potato harvests.
These examples show that we cannot detach the health of the European economy from the good functioning of nature.
UN General Assembly backs “climate obligations” set by world’s top court
Nearly three-quarters of businesses in the eurozone rely directly on ecosystem services such as clean water, fertile soils and pollination. That dependency extends into the financial system, where around 75% of bank lending is exposed to companies dependent on these natural assets.
They entirely underpin supply chains and financial stability across the European economy. If load-bearing ecosystems collapse, businesses not only face disruption in their own operations, but they will also be exposed to failures from suppliers and customers.
This is not just a risk for individual companies, it is a threat for the whole system.
A budget that looks greener than it is
According to the latest proposals for the next MFF, a single 35% climate and environmental target will replace priorities that used to have distinct funding. As it stands, biodiversity has a 10% target, yet spending has struggled to reach even 8%, already showing how easily it is put to one side in practice.
In the new framework, biodiversity is absorbed into a broader category with no separate tracking or visibility. Dedicated instruments are folded into larger funding envelopes, and nature-based investments are placed in direct and distorted competition with industrial projects.
These are often faster to deploy and easier to measure, making them more attractive.
Headline figures reinforce some appearance of ambition, with €587–635 billion allocated to climate and environmental objectives. But since these are aggregated numbers, they do not show how much will reach ecosystem conservation or restoration.
Less visibility, weaker accountability
Biodiversity funding also remains structurally fragile, with around 80% concentrated in agriculture policy rather than supported by a diversified investment strategy.
This shift is structural: nature has been relegated from a defined priority to a mere discretionary allocation, and the governance model reinforces this dynamic.
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Greater reliance on National and Regional Partnership Plans (NRPPs) moves decision-making into national spending choices, where fiscal and domestic political pressure will likely mean long-term ecosystem investments struggle to compete with short-term economic demands.
The current MFF paints a worrying picture of structural triple risk for nature: reduced visibility, increased competition for funding and weaker accountability.
Nature is critical infrastructure
It is a point worth reiterating: investment in nature offers clear economic returns. Healthy ecosystems drive resilience by reducing exposure to climate damage and supporting local economic activity.
Public finance plays a decisive role in enabling these investments at scale, making budget design a question of risk management and capital allocation.
Nature-based solutions already perform essential economic functions. They regulate water systems, restore carbon sinks, provide a buffer against extreme weather events and support agricultural productivity.
These are characteristics of infrastructure. Energy systems, transport networks and digital capacity are treated as strategic investments because they underpin competitiveness.
Natural systems play the exact same role, so why does the current budget plan not reflect this?
The next EU budget will shape investment for the decade ahead. Its structure will determine how risks are managed and where capital flows. Nature cannot be erased in favour of competing short-term priorities.
In the upcoming negotiations, European leaders still have the option to treat nature as a structural objective and a core asset, supporting Europe’s resilience and long-term competitiveness. But they must act now, before it’s too late.
The post Nature cannot be ignored by Europe’s next big budget appeared first on Climate Home News.
https://www.climatechangenews.com/2026/05/25/nature-cannot-be-ignored-by-europes-next-big-budget/
Climate Change
In Florida, an Agricultural Town in Need of an Economic Boost Eyes Hyperscale Data Centers
Across the state’s heartland, communities such as Indiantown are weighing proposals for hyperscale data centers. The massive facilities would reshape Florida’s rural lands.
INDIANTOWN, Fla.—Carroll McAllister frets over the prospect of a hyperscale data center opening next to the grassy expanse where she grew up, in a shack her father built.
In Florida, an Agricultural Town in Need of an Economic Boost Eyes Hyperscale Data Centers
Climate Change
USDA Extends Pause on Loans for Controversial Digesters That Turn Manure Into Biogas
Anaerobic digester loans showed “significant delinquency rates,” the U.S. Department of Agriculture said, while environmental groups see the technology driving an expansion of large-scale animal farming operations.
The federal government’s pause on new loans for anaerobic digesters, the controversial method of converting animal manure from large-scale feeding operations into biogas, will now extend through the end of the year.
USDA Extends Pause on Loans for Controversial Digesters That Turn Manure Into Biogas
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