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Welcome to Carbon Brief’s DeBriefed.
An essential guide to the week’s key developments relating to climate change.

This week

COP crunch

FINAL CALL: COP29 has entered its final scheduled day in Baku. Yesterday’s six-hour “Qurultay” meeting witnessed “unanimous” disappointment over the state of draft texts, with developing countries unhappy about the lack of numbers on climate finance and almost all calling for clearer language on climate action. (Carbon Brief’s Simon Evans live-posted highlights from the event.) Around 3pm local time today, the COP29 presidency released a package of new texts, just hours before talks were due to close. At least one further iteration is expected. 

FINANCE FIGHT: The new proposal for a global climate finance goal would involve developed countries “taking the lead” in channelling $250bn a year by 2035 to “help poorer nations” deal with climate change, Reuters reported. It added that the proposal has drawn criticism “from all sides”. Politico noted that it “falls far short of the trillion-plus figure that the poorer countries had sought”. For more on the draft finance deal, see Spotlight below.

STOCKTAKE STUTTERS: Last year’s “global stocktake” at COP28 included the landmark deal to “transition away from fossil fuels”. But the latest draft on the “mitigation work programme” excised all links back to this. Carrying things forward has been left to the “UAE dialogue”, which, in its latest draft, “reaffirms” last year’s language on fossil fuels, renewables and energy efficiency. It also has optional text adding further goals on energy storage and grids, as well as requesting an annual progress report for debate at subsequent COPs.

WILL IT END?: Seasoned COP watchers will know that the talks almost always run past their scheduled finish time. Carbon Brief’s analysis of previous finish times suggests that, if COP29 follows the upward trend, it will end at 3.25am on Sunday morning. Carbon Brief also polled a group of more than 200 delegates to ask when they think COP29 will end, with the mean time selected being 1:34am on Sunday. After talks finally draw to a close, Carbon Brief journalists will hold a free webinar to discuss the key outcomes. Sign up.

Around the COP

  • ARGENTINA STAYS: Argentina confirmed it will not leave the Paris Agreement, squashing rumours ignited after right-wing populist leader Javier Milei decided to withdraw his country’s delegation from the talks last week, El Observador reported.
  • INDONESIAN TRANSITION: Indonesia’s president Prabowo Subianto announced plans to retire all coal and other fossil-fuel power stations within 15 years, while also aiming to bring the nation’s net-zero target forward by a decade, said the Associated Press. It said experts “welcomed” the ambition, but are “sceptical” of its delivery.
  • POWER PLAY: The UK launched a “global clean power alliance” at the G20, with Brazil, Australia, Canada and France among members, according to the Press Association. The leaders of the UK and Brazil wrote joint op-eds touting the pact in the Times and Folha de São Paulo.
  • COP ‘STAND-OFF’: Australia and Turkey are currently in a “stand-off” over who will host COP31 in 2026, with neither party willing to give up their bid, Reuters said.
  • ‘BIZARRE’ RESTRICTIONS: COP29 host Azerbaijan went to “bizarre” lengths to prepare Baku for the summit, Bloomberg reported. This included clearing public areas and roads by moving parliamentary elections, shutting schools and universities and ordering two-thirds of the city to work from home.
  • LOBBYISTS: A Global Witness investigation found that at least 1,700 fossil-fuel executives registered to attend COP29, lower than the record in Dubai, but still larger than most party delegations. The Guardian reported that “hundreds” of industrial farming lobbyists have also been in attendance.

Zero

The number of new countries at COP29 joining a small alliance of nations that have pledged to phase out oil and gas.


Latest climate research

  • Climate lawsuits and negative court decisions can reduce the value of publicly listed companies, a Nature Sustainability study suggested.
  • Early 20th century global ocean surface temperatures were warmer than previously thought, a study in Nature has found, meaning the pace of heating from 1900 to the 1950s was slightly slower than assumed.
  • A Nature Geoscience study found that the weakening of the Atlantic Meridional Overturning Circulation (AMOC) – a major system of ocean currents responsible for transporting heat around the world – could be linked to influxes of freshwater into the subarctic Atlantic.

(For more, see Carbon Brief’s in-depth daily summaries of the top climate news stories on Monday, Tuesday, Wednesday, Thursday and Friday.)

Captured

China's contribution to global warming has just overtaken the EU. Chart showing cumulative historical CO2 emissions, 1850-2024, in billion tonnes.

China’s historical emissions within its borders have now caused more global warming than the 27 member states of the EU combined, according to new Carbon Brief analysis. However, China is still far behind the world’s largest historical emitter, the US, the analysis showed. It added that China is unlikely to ever overtake the US, based on current policies, committed plans and technology trends in both countries. Carbon Brief’s analysis is featured in a data-driven article in the New York Times.

Spotlight

Decoding the COP29 finance proposal

Carbon Brief unravels the latest hotly contested climate-finance text from COP29 and explains the main sticking points.

Nations have a deadline at COP29 to agree on a new goal for channelling money into cutting emissions and protecting people from climate change.

This target will replace an existing obligation for “developed” countries – including EU states, the US and Japan – to provide $100bn of climate finance a year to “developing” countries. 

Money has always been one of the most controversial aspects of UN climate talks and COP29 has exposed deep rifts.

A draft text outlining the new goal published earlier today shows that, on the day the talks are meant to finish, these tensions are far from being resolved. Developing countries and climate NGOs described the proposal as “totally unacceptable” and a “joke”.

Parties will now digest this text and at least one new version will be produced by the Azerbaijani presidency as the talks drag into overtime.

Billions

8. In this context, decides to set a goal in extension of the goal referred to in paragraph 53 of decision 1/CP.21, with developed country Parties taking the lead, to USD 250 billion per year by 2035 for developing country Parties for climate action:

The proposed goal has two parts. At its core is $250bn delivered each year to developing countries by 2035.

This is framed as the continuation of the $100bn annual goal, which is provided entirely by developed countries. Yet, in this text, developed countries only “take the lead”, leaving the goal open for others to contribute.

As with the $100bn, this goal would include public money, such as development aid, as well as private finance that is “mobilised” by public spending.

The target matches one floated to Politico by EU sources earlier in the week, which was greeted with derision by global-south leaders. Developing countries had demanded a similar core goal of $440-900bn, but made up entirely of public money and largely as grants.

Crucially, analysts have found that comparable amounts of climate finance could be provided in this timeframe, even if developed countries make no extra effort to contribute more in the coming years, beyond existing commitments.

Trillions

7. Calls on all actors to work together to enable the scaling up of financing to developing country Parties for climate action from all public and private sources to at least USD 1.3 trillion per year by 2034;

From the start of COP29, all developing countries have been united behind a call for $1.3tn in climate finance a year, provided by developed countries. 

There is broad agreement among experts that developing countries need to invest trillions of dollars each year to fulfil their climate goals, with large chunks coming from developed countries.

The new text includes a “call” to raise $1.3tn in climate finance by 2035.

However, it does not line up with developing countries’ proposals and, instead, reflects developed countries’ long-standing vision of a broader goal based on global “investment”. It refers to the $1.3tn coming from “all public and private sources”.

On the other hand, some of the more contentious ideas put forward by developed countries, such as the US, are no longer in the text. For example, it does not reference “domestic spending” in counting towards the goal.

Contributors

9. Invites developing country Parties to make additional contributions, including through South-South cooperation, to or supplementing, the goal set forth in paragraph 8 above;

One of the most disputed topics in climate-finance talks has been expanding the list of contributors beyond developed countries. 

Many nations classed as “developing” in the UN climate system, such as China and Saudi Arabia, are relatively wealthy and major contributors to climate change. This, some argue, means they should be obliged to provide finance.

There is no longer a formal recognition of this in the new text. An attempt by some developed countries to add criteria for new contributors was deleted the previous day.

COP29 has seen some wrangling around this issue. Observers welcomed China referencing the billions of dollars in climate funds it already provides to the global south and the EU expressed its openness to recognising “voluntary” contributions from developing countries.

In the end, the draft text “invites” developing countries to contribute. It also references “voluntary” counting of contributions from multilateral development banks, to which emerging economies provide large sums of money.

The climate-finance text contains many more notable compromises, which are summarised in this thread. All eyes are now on what the final text, agreed by all parties at COP29, will say.

Watch, read, listen

‘TRUMP ATE MY HOMEWORK’: A comment piece by Avantika Goswami in Down to Earth picked apart the “narrative of a prejudged failed COP” in a crucial year for climate finance.

‘GRANTS, NOT LOANS’: The Green Pulse podcast by Singapore’s Straits Times explained what the COP29 finance goal means and why more “loans can’t help” vulnerable communities in developing countries.

ASIAN AGE: Historian and author Adam Tooze discussed climate, trade wars, geopolitics and the “polycrisis” in Asia in his State of Asia 2024 address.

Coming up

Pick of the jobs

DeBriefed is edited by Daisy Dunne. Please send any tips or feedback to debriefed@carbonbrief.org.
This is an online version of Carbon Brief’s weekly DeBriefed email newsletter. Subscribe for free here.

The post COP29 DeBriefed 22 November 2024: Countries split on climate finance; Fossil-fuel transition ‘reaffirmed’; Latest texts analysed appeared first on Carbon Brief.

COP29 DeBriefed 22 November 2024: Countries split on climate finance; Fossil-fuel transition ‘reaffirmed’; Latest texts analysed

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When taps run dry in the Caribbean, it’s not enough to blame El Niño

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Amira Odeh Quiñones is a hydrologist and Caribbean organiser for the 350.org climate campaign group

El Niño, likely to be one of the strongest in modern history, has arrived on Caribbean shores.

Drought is slowly creeping up on our islands. But unlike the fiery wildfires ravaging parts of Europe, there’s no smoke signalling the damage being done, no sirens to warn of the danger. Only announcements from public health officials to stay indoors and remain hydrated — as if outdoor workers and farming communities have the luxury to heed such advice.

During El Niño, strong atmospheric winds alter rain patterns and trap heat across the Caribbean. But while we have experienced El Niño many times before, it has become very visible in recent years how climate change is making this natural phenomenon worse.

Across the Greater Antilles, temperatures are soaring past 38°C (100°F), with real-feel indexes reaching a gruelling 43°C in parts of Puerto Rico where I live. Cuba has it worse. Widespread power outages mean that methods for cooling down are unavailable for most of the day, leaving millions of vulnerable people at risk of heat stroke when temperatures hit 38°C.

Santa Marta coalition tested as co-chair Colombia turns back to fossil fuels

During the last strong drought a decade ago, I had water only two days a week in my home. Today, there are many families whose taps are about to run completely dry. Water authorities have already begun strict rationing in some municipalities, with more on the list scheduled for rationing if conditions don’t change.

Water rationing is far more than an inconvenience; it is an immediate health risk. This means thousands of people need to constantly haul heavy buckets up flights of stairs just so they could bathe, cook, stay hydrated – the basics of survival.

Heat causes health problems

Puerto Rico is home to roughly 300,000 elderly residents. Many live alone, isolated and without support. They risk severe physical injury when carrying heavy water containers, and are wont to suffer from silent heat exhaustion in unventilated rooms.

Furthermore, when water shortages force residents to store water in open household containers, it inadvertently creates breeding grounds for Aedes aegypti mosquitoes. Paired with scorching temperatures that tend to shorten the mosquito breeding cycle, the region is facing explosive outbreaks of dengue fever that endanger our most vulnerable: children and the elderly.

The economic fallout is equally devastating. Dry fields mean millions of dollars in lost crops, forcing small agricultural businesses to collapse, needing urgent government relief to survive. Extreme fuel shortages have already paralyzed Cuba’s agricultural sector, cutting food output by 60% – the El Niño dry spell threatens to decimate it.

At sea, warmer ocean waters fuel massive influxes of sargassum seaweed. Rotting sargassum chokes our beaches, destroying the local tourism industry that so many working families rely on. Tangled seaweed also damages nets and boat engines, slashing fish catches and driving up equipment costs for local fishers.

In the south of Puerto Rico, the coastal town of La Parguera is currently witnessing a historic amount of sargassum on its shores. This has halted most of the boating activity in the area, which is the seaside town’s main tourist draw and economic driver.

All over the Caribbean, from town halls to local group gatherings, the story I hear is always the same: constant headaches, lost work hours, failing health, and a sense that quality of life is silently being stolen. The compounding effects of heatwaves, drought, and marine destruction are exhausting our people, our islands.

Climate change to blame

Climate change makes each El Niño year hotter and more damaging. Higher baseline global temperatures increase the energy and moisture available for extreme weather. Latest projections show that El Niño may push the monthly global average temperature past 2°C of warming for the first time in early 2027. In the Caribbean islands, that will not just be breaking records – it’ll be breaking lives.

Recently, I had the opportunity to share a panel with climate scientists behind what is known as the field of “attribution science” – or the science that compares today’s climate conditions to what the Earth’s climate would be like without human activity, particularly burning fossil fuels. They’re unequivocal: it’s no longer a question of whether extreme weather is caused by climate change, it’s just a question of how much.

    Attribution science recently got a boost from the U.S.’ top scientific advisory body. The National Academies of Sciences, Engineering and Medicine recognized that researchers’ methods have advanced considerably in recent years, resulting in better assessments on how much extreme weather can be attributed to human-caused climate change. It noted that attribution findings could be relevant in some types of legal cases, including those seeking damages from oil companies for climate impacts.

    This crisis, which is already taking a heavy toll on our communities’ survival, needs real, urgent, and structural action that goes beyond aid. With similar droughts now gripping parts of Asia and Africa, we’re falling into the familiar narrative of treating the looming humanitarian crisis as if no one was to blame, as if it is being caused solely by a natural phenomenon we can’t control.

    It’s not. The world was already on fire before its regular visitor, El Niño, came. While we need humanitarian action, we need climate action too, in order to permanently put out the flames.

    The post When taps run dry in the Caribbean, it’s not enough to blame El Niño appeared first on Climate Home News.

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    Q&A: What is in China’s new five-year plan for climate change?

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    China has released a five-year plan dedicated to addressing climate change.

    The 15th five-year plan for a national response to climate change is the latest in a series to outline in-depth climate and energy targets for the 2026-2030 period.

    These include five-year plans for “building a Beautiful China”, developing a “new-type energy system” and developing renewable energy.

    There are also separate “action plans” for the 2026-2030 period, such as for peaking carbon emissions

    China has pledged to peak its emissions before 2030 and reach carbon neutrality before 2060.

    The new plan does not include any major new targets, instead consolidating and reaffirming existing policies.

    Nevertheless, it includes significant signals on key policy areas, such as non-carbon dioxide (CO2) greenhouse gases, global climate governance and carbon markets.

    Below, Carbon Brief examines some of the notable elements in the latest five-year plan and what it reveals about China’s policy direction through to 2030.

    What does the climate plan cover?

    The Ministry of Ecology and Environment (MEE) released the plan in late July, in unison with 18 other government departments. These include the National Development and Reform Commission (NDRC), China’s top economic planning agency, and the National Energy Administration.

    The document covers a range of topics, including CO2 emissions, other greenhouse gases (non-CO2 GHGs), carbon markets, carbon footprints, climate adaptation and international cooperation on climate change.

    For the first time at the five-year plan level, the plan creates a comprehensive target system covering all areas of climate policy, say officials in a MEE Q&A.

    They describe it as “the main policy instrument” for advancing China’s climate action during 2026-2030.

    China rarely issues high-level multi-year policies dedicated to “responding to climate change”. In 2014, the NDRC published a plan on the topic running through to 2020, but this was not linked to a five-year plan period.

    Qin Yan, principal analyst at ClearBlue Markets, tells Carbon Brief that the plan shows that China’s climate governance has reached “an unprecedented strategic level”.

    She adds that the plan creates an “all-encompassing target system” to support China’s Paris Agreement climate pledges for 2030 and 2035.

    In its 2030 pledge, China aimed to peak emissions “before 2030” and reduce carbon intensity – its emissions per unit of GDP – by more than 65% from 2005 levels.

    Last year, president Xi Jinping personally announced China’s 2035 pledge to cut China’s greenhouse gas emissions to 7-10% below peak levels by 2035, while “striving to do better”.

    The five-year plan marks a new phase in China’s climate policy, according to researchers at CIB Research, an economic research body affiliated with the Industrial Bank, whose largest shareholder is the Fujian provincial government.

    Their analysis adds that the plan represents a broad effort to strengthen China’s climate-governance system, implementation mechanisms and underlying capacity.

    Nevertheless, several headline targets and policies in the document simply reiterate already established plans.

    These include:

    • Cutting carbon intensity by 17% across the five years
    • Reducing carbon intensity per product in industries under China’s carbon market by 3%
    • Substituting fossil fuels with renewables
    • Strengthening climate adaptation
    • Supporting the “free flow” of cleantech

    What does the plan say about non-CO2 GHGs?

    The plan also goes into detail on China’s approach to non-CO2 GHGs. This includes reaffirming a target of an emissions “reduction capacity” from these gases totalling 30m tonnes of CO2 equivalent (MtCO2e) by 2030, although the baseline is unclear.

    The target previously appeared in the overarching five-year plan, as well as the plan for building a “Beautiful China”.

    The goal refers to emissions reductions, which can be realised through implementing current non-CO2 emissions reduction policies and projects, says Chen Meian, programme director and senior analyst at the Institute for Global Decarbonization Progress (iGDP). 

    She adds that it is “relatively achievable”, with sources including increasing the number of coal-mine methane utilisation projects.

    She points to an MEE explanatory note for a draft methodology under the China Certified Emission Reduction (CCER) scheme, China’s voluntary carbon-credit market. Chen says the note suggests that projects using ventilation air methane and coal-mine methane with concentrations below 8% alone could deliver around 20MtCO2e of reduction by 2030.

    The note states that, currently, such projects are estimated to be able to “generate annual emission reductions of approximately 4.5MtCO2e”.

    In addition, Chen says, measures targeting industrial nitrous oxide (N2O) and hydrofluorocarbons (HFCs) could help make up the remainder needed to meet the target.

    According to iGDP analysis of biennial reports submitted by China to the UNFCCC, China emitted around 14,000MtCO2e of GHGs in 2021, excluding land use, land-use change and forestry (LULUCF).

    Non-CO2 GHGs accounted for around 2,700MtCO2e, or 19%, of the total, the majority of which was methane, as shown in the figure below.

    Methane is China’s main source of non-CO2 greenhouse gas emissions. Emissions by gas, MtCO2e. Stacked bar chart from 2005 to 2021 showing total emissions rising to over 2,700 MtCO2e. Methane consistently accounts for the largest share, followed by Nitrous Oxide and F-gases. Source: iGDP analysis of China’s first Biennial Transparency Report and fourth Biennial Update Report - (alt text generated by Google Gemini)
    iGDP analysis of China’s first Biennial Transparency Report and fourth Biennial Update Report.

    China’s plans to curb these super-pollutants in the five-year period include coal-mine methane utilisation projects, end-of-pipe destruction technologies for HFCs and guidance on the use of catalysts to reduce N2O emissions.

    The plan also calls for the recovery and replacement of sulphur hexafluoride (SF6) in power equipment.

    For Chen, the plan’s focus on SF6 control is particularly noteworthy. She says the gas is “finally receiving policy attention” and that proactive action is “timely and will help avoid future emissions growth” as China’s power system expands.

    What does the plan say about global climate governance?

    One of the plan’s clearest objectives for international cooperation is for China to play a more active role in global climate governance.

    By 2030, it says China should markedly increase its “influence, guiding power, shaping power and moral appeal” in this area.

    It says China’s climate action could also feed into the Global Governance Initiative, a policy initiative aimed at reforming the global governance system.

    China will also aim to “build a new narrative on climate governance”, it adds.

    Prof Thomas Hale, a professor in public policy at the University of Oxford’s Blavatnik School of Government, writes on LinkedIn that the plan “marks a major rhetorical shift” towards China being increasingly willing to “lead and shape” global climate action.

    Another clear focal point for international cooperation is in carbon markets.

    The plan calls for China to expand the global influence of its carbon market, such as through international rule-setting, cooperation on standards and by hosting the China Carbon Market Conference.

    Qin says China’s more active role in global carbon pricing is already evident in the launch of the open coalition on compliance carbon markets with the EU and Brazil. This coalition is expected to adopt a work plan at the China Carbon Market Conference in September.

    Qin also notes that China “could become the world’s largest [carbon] offset buyer” as its energy transition progresses.

    The country would, therefore, “benefit from helping shape global rules under the Article 6 framework [for carbon trading under the Paris Agreement]”, she adds.

    The post Q&A: What is in China’s new five-year plan for climate change? appeared first on Carbon Brief.

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    Quarter of countries still missing UN climate plans 18 months after deadline

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    About a quarter of the countries signed up to the Paris Agreement are still breaching its rules by failing to submit a new national climate plan, 18 months after the February 2025 deadline.

    Forty-five nations had not submitted a plan known as a nationally determined contribution (NDC), according to the Paris Agreement Implementation and Compliance Committee’s (PAICC) newly-published report of its 7-10 July 2026 meeting. One, Oman, has published it since the meeting.

    Twelve countries ignored the committee’s repeated attempts to find out why they had not yet produced a climate plan, the report said. They will be invited to the committee’s next meeting, from September 1-4, so it can identify the challenges and constraints they face.

    Members of the committee are divided, as they were at their last meeting, on whether to name those countries publicly and will debate the question again in September.

    The PAICC does not have any power to punish governments, as building these powers into the Paris Agreement was thought to be so controversial that it could have stopped some governments from joining, experts have previously told Climate Home News.

    A key requirement of the landmark 2015 Paris Agreement is that governments publish a more ambitious NDC every five years, setting targets to reduce their planet-heating emissions and outlining their policies to adapt to climate change, in order to meet the accord’s goals on limiting global warming and protecting people from its effects.

    The latest set – the third round of plans, with new targets for 2035 – was due in 2025.

    Some medium-sized emitters

    Countries without an updated NDC include Egypt, Vietnam, Argentina and the Phillippines, all of which rank among the world’s 40 largest greenhouse gas emitters. The rest of the countries are smaller, poorer nations, with many in Africa or the Caribbean.

    Some nations have argued that they cannot put together an NDC – which requires a significant amount of work in tracking emissions and consulting on how to curb them across the economy – because of exceptional circumstances. For example, a letter from a Sudanese official to the PAICC committee, seen by Climate Home News, says that the country’s civil war has led to the suspension of its NDC preparation.

      The US and Iran are not signed up to the Paris Agreement, although the US submitted a 2035 NDC under the Biden administration before Donald Trump pulled the US out of the UN climate accords.

      The committee also expressed concern that the UN’s NDC registry continued to label the climate plans of countries that are no longer party to the Paris Agreement as “active”, according to its report. The US submission has since been archived.

      Since the last PAICC meeting in March, ten countries have published NDCs. The committee did not name them but they include India, Algeria, Cameroon and Guyana.

      The post Quarter of countries still missing UN climate plans 18 months after deadline appeared first on Climate Home News.

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