Welcome to Carbon Brief’s DeBriefed.
An essential guide to the week’s key developments relating to climate change.
This week
Preparing for 3C
NEW ALERT: The EU’s climate advisory board urged countries to prepare for 3C of global warming, reported the Guardian. The outlet quoted Maarten van Aalst, a member of the advisory board, saying that adapting to this future is a “daunting task, but, at the same time, quite a doable task”. The board recommended the creation of “climate risk assessments and investments in protective measures”.
‘INSUFFICIENT’ ACTION: EFE Verde added that the advisory board said that the EU’s adaptation efforts were so far “insufficient, fragmented and reactive” and “belated”. Climate impacts are expected to weaken the bloc’s productivity, put pressure on public budgets and increase security risks, it added.
UNDERWATER: Meanwhile, France faced “unprecedented” flooding this week, reported Le Monde. The flooding has inundated houses, streets and fields and forced the evacuation of around 2,000 people, according to the outlet. The Guardian quoted Monique Barbut, minister for the ecological transition, saying: “People who follow climate issues have been warning us for a long time that events like this will happen more often…In fact, tomorrow has arrived.”
IEA ‘erases’ climate
MISSING PRIORITY: The US has “succeeded” in removing climate change from the main priorities of the International Energy Agency (IEA) during a “tense ministerial meeting” in Paris, reported Politico. It noted that climate change is not listed among the agency’s priorities in the “chair’s summary” released at the end of the two-day summit.
US INTERVENTION: Bloomberg said the meeting marked the first time in nine years the IEA failed to release a communique setting out a unified position on issues – opting instead for the chair’s summary. This came after US energy secretary Chris Wright gave the organisation a one-year deadline to “scrap its support of goals to reduce energy emissions to net-zero” – or risk losing the US as a member, according to Reuters.
Around the world
- ISLAND OBJECTION: The US is pressuring Vanuatu to withdraw a draft resolution supporting an International Court of Justice ruling on climate change, according to Al Jazeera.
- GREENLAND HEAT: The Associated Press reported that Greenland’s capital Nuuk had its hottest January since records began 109 years ago.
- CHINA PRIORITIES: China’s Energy Administration set out its five energy priorities for 2026-2030, including developing a renewable energy plan, said International Energy Net.
- AMAZON REPRIEVE: Deforestation in the Brazilian Amazon has continued to fall into early 2026, extending a downward trend, according to the latest satellite data covered by Mongabay.
- GEZANI DESTRUCTION: Reuters reported the aftermath of the Gezani cyclone, which ripped through Madagascar last week, leaving 59 dead and more than 16,000 displaced people.
20cm
The average rise in global sea levels since 1901, according to a Carbon Brief guest post on the challenges in projecting future rises.
Latest climate research
- Wildfire smoke poses negative impacts on organisms and ecosystems, such as health impacts on air-breathing animals, changes in forests’ carbon storage and coral mortality | Global Ecology and Conservation
- As climate change warms Antarctica throughout the century, the Weddell Sea could see the growth of species such as krill and fish and remain habitable for Emperor penguins | Nature Climate Change
- About 97% of South American lakes have recorded “significant warming” over the past four decades and are expected to experience rising temperatures and more frequent heatwaves | Climatic Change
(For more, see Carbon Brief’s in-depth daily summaries of the top climate news stories on Monday, Tuesday, Wednesday, Thursday and Friday.)
Captured
Repealing the US’s landmark “endangerment finding”, along with actions that rely on that finding, will slow the pace of US emissions cuts, according to Rhodium Group visualised by Carbon Brief. US president Donald Trump last week formally repealed the scientific finding that underpins federal regulations on greenhouse gas emissions, although the move is likely to face legal challenges. Data from the Rhodium Group, an independent research firm, shows that US emissions will drop more slowly without climate regulations. However, even with climate regulations, emissions are expected to drop much slower under Trump than under the previous Joe Biden administration, according to the analysis.
Spotlight
How a ‘tree invasion’ helped to fuel South America’s fires
This week, Carbon Brief explores how the “invasion” of non-native tree species helped to fan the flames of forest fires in Argentina and Chile earlier this year.
Since early January, Chile and Argentina have faced large-scale and deadly wildfires, including in Patagonia, which spans both countries.
These fires have been described as “some of the most significant and damaging in the region”, according to a World Weather Attribution (WWA) analysis covered by Carbon Brief.
In both countries, the fires destroyed vast areas of native forests and grasslands, displacing thousands of people. In Chile, the fires resulted in 23 deaths.
Multiple drivers contributed to the spread of the fires, including extended periods of high temperatures, low rainfall and abundant dry vegetation.
The WWA analysis concluded that human-caused climate change made these weather conditions at least three times more likely.
According to the researchers, another contributing factor was the invasion of non-native trees in the regions where the fires occurred.
The risk of non-native forests
In Argentina, the wildfires began on 6 January and persisted until the first week of February. They hit the city of Puerto Patriada and the Los Alerces and Lago Puelo national parks, in the Chubut province, as well as nearby regions.
In these areas, more than 45,000 hectares of native forests – such as Patagonian alerce tree, myrtle, coigüe and ñire – along with scrubland and grasslands, were consumed by the flames, according to the WWA study.
In Chile, forest fires occurred from 17 to 19 January in the Biobío, Ñuble and Araucanía regions.
The fires destroyed more than 40,000 hectares of forest and more than 20,000 hectares of non-native forest plantations, including eucalyptus and Monterey pine.
Dr Javier Grosfeld, a researcher at Argentina’s National Scientific and Technical Research Council (CONICET) in northern Patagonia, told Carbon Brief that these species, introduced to Patagonia for production purposes in the late 20th century, grow quickly and are highly flammable.
Because of this, their presence played a role in helping the fires to spread more quickly and grow larger.
However, that is no reason to “demonise” them, he stressed.
Forest management
For Grosfeld, the problem in northern Patagonia, Argentina, is a significant deficit in the management of forests and forest plantations.
This management should include pruning branches from their base and controlling the spread of non-native species, he added.
A similar situation is happening in Chile, where management of pine and eucalyptus plantations is not regulated. This means there are no “firebreaks” – gaps in vegetation – in place to prevent fire spread, Dr Gabriela Azócar, a researcher at the University of Chile’s Centre for Climate and Resilience Research (CR2), told Carbon Brief.
She noted that, although Mapuche Indigenous communities in central-south Chile are knowledgeable about native species and manage their forests, their insight and participation are not recognised in the country’s fire management and prevention policies.
Grosfeld stated:
“We are seeing the transformation of the Patagonian landscape from forest to scrubland in recent years. There is a lack of preventive forestry measures, as well as prevention and evacuation plans.”
Watch, read, listen
FUTURE FURNACE: A Guardian video explored the “unbearable experience of walking in a heatwave in the future”.
THE FUN SIDE: A Channel 4 News video covered a new wave of climate comedians who are using digital platforms such as TikTok to entertain and raise awareness.
ICE SECRETS: The BBC’s Climate Question podcast explored how scientists study ice cores to understand what the climate was like in ancient times and how to use them to inform climate projections.
Coming up
- 22-27 February: Ocean Sciences Meeting, Glasgow
- 24-26 February: Methane Mitigation Europe Summit 2026, Amsterdam, Netherlands
- 25-27 February: World Sustainable Development Summit 2026, New Delhi, India
Pick of the jobs
- The Climate Reality Project, digital specialist | Salary: $60,000-$61,200. Location: Washington DC
- Intergovernmental Panel on Climate Change (IPCC), science officer in the IPCC Working Group I Technical Support Unit | Salary: Unknown. Location: Gif-sur-Yvette, France
- Energy Transition Partnership, programme management intern | Salary: Unknown. Location: Bangkok, Thailand
DeBriefed is edited by Daisy Dunne. Please send any tips or feedback to debriefed@carbonbrief.org.
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The post DeBriefed 20 February 2026: EU’s ‘3C’ warning | Endangerment repeal’s impact on US emissions | ‘Tree invasion’ fuelled South America’s fires appeared first on Carbon Brief.
The launch of the Africa Energy Bank (AEB) has been put back yet again, raising doubts about the institution’s future ability to finance fossil fuel projects – its main objective – as global lenders retreat from such investments over climate concerns, experts told Climate Home News.
The bank, which had been billed to launch in September after a series of delays, is now scheduled to begin operations in November, according to the head of the African Energy Chamber, an advocacy body for the continent’s oil and gas sector.
Even as the world aims to transition away from fossil fuels, many African leaders have made clear they want to continue exploring and extracting the continent’s large oil and gas deposits – estimated at around 125 billion barrels of crude and over 600 trillion cubic feet of gas – to boost economic development.
As a group, Africa sided with a number of powerful oil-and-gas producing nations in blocking progress on negotiations to craft a global roadmap to transition away from fossil fuels at last year’s UN COP30 climate talks, although some countries did individually support the proposal.
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Campaigners oppose Dangote’s planned Kenya refinery over climate and ecological risks
Plans to build Africa’s second largest oil refinery in ecologically sensitive region criticised as “environmental recklessness” -
Tanzania pushed African nations to oppose fossil fuel transition at COP30
While chairing the African group at the summit, the gas-dependent nation advised the continent’s ministers to block language on transitioning away from fossil fuels
Meanwhile, major projects under development across the continent – including the 1,443-km East African Crude Oil Pipeline (EACOP) and Dangote’s 700,000-barrel-per-day Kenyan refinery – show that African governments see oil and gas as playing a significant role in meeting their energy and economic needs for many years to come.
In 2022, at a gathering of the African Petroleum Producers’ Organization (APPO) in oil-rich Angola, ministers from its member states adopted a resolution to create the Africa Energy Bank to finance projects for the production, use and trade of oil, gas and broader energy sources.
African control over energy resources
An article on the APPO website explains that the bank was conceived as a way to overcome “disenchantment” with fossil fuels among “the international community” which it said had crystallised around the “energy transition” concept.
“If Western countries, after having long taken advantage of the energy sources they now revile to develop, can afford the luxury of abandoning them, this is not the case in Africa,” it adds, noting that many of the continent’s economies are still largely dependent on oil and gas revenues.
A separate web page about the bank, also hosted on APPO’s website, says its objectives include financing the exploration, production and refining of oil and gas, as well as supporting member states in transitioning from fossil fuels to cleaner energy sources “while ensuring energy security”.
Said Addi, a former executive with Shell and energy commodities trading house Gunvor, said the new bank was judged necessary because financing for hydrocarbons from many traditional international lenders has become constrained.
In trying to fill this financing gap, Africa is not simply setting up another fund to support oil and gas, he added. “It is also an attempt to give African countries greater control over how their energy resources and infrastructure are financed,” he explained.
Nigeria to host the AEB
The energy bank – a joint initiative of APPO and the African Export–Import Bank (Afreximbank) – has so far suffered several delays and is almost two years behind schedule. The initial plan was to start operations in January 2025, with Nigeria as the host country, but the bank’s opening was delayed to June of that year to allow Nigeria time to finalise the construction of the bank’s headquarters in Abuja.
After the government announced the completion of the offices in late November 2025, a new launch date was set for January 2026, which was moved back to April, June and then September. Now it has shifted again to November, raising concerns that the institution may be losing momentum.
Former Shell executive Addi said that if the capital is eventually paid in, the bank becomes operational and its first projects are commercially credible, then the delays will be regarded as normal teething troubles in setting up a multilateral institution. But, he added, scepticism will be justified if it continues to stall.
Uganda may see lower oil revenues than expected as costs rise and demand falls
Baron Lamarré, an oil and gas expert and former Petronas oil trader, said that missing “three deadlines in a row is not normal”, and warned that if the timeline slips again, “the story flips from ‘ambitious institution finding its footing’ to ‘good idea that lost momentum before it found any’.”
The Nigerian government, APPO and Afreximbank did not respond to requests for comment by the time of publication.
The funding challenge
The Africa Energy Bank is targeting base capital of $5 billion, with plans to scale up to $120 billion within five years by mobilising private-sector funds. However, it is expected to start operations with initial seed capital of $500 million.
The funding plan is to have the 18 member countries of the APPO contribute $83 million each to the bank as equity for a combined $1.5 billion. Afreximbank, other non-APPO African countries and investors outside the continent are expected to provide the remaining $3.5 billion.
But even the initial $500 million has not been easy to mobilise. In May, APPO Secretary-General Farid Ghezali called on members to deliver on their pledges towards the startup goal before the end of June. But the delays suggest this may not have been met, with experts saying Africa may be finding it difficult to self-fund its oil and gas projects in the absence of international capital.
Lamarré said every extension of the deadline points to the fact that “raising fossil fuel capital in Africa without the majors and their financing networks is brutally hard”.
Why the global electrification agenda misses the point on Africa’s energy crisis
Since 2020, Western lenders, export credit agencies and insurers have been in steady retreat from African hydrocarbons, he said, while oil majors are divesting their African assets, handing over fields to smaller local operators whose credit ratings are not high enough to borrow cheaply.
Even capital from China and the Gulf, which has partially filled the gap, cannot match the volume, tenor or pricing that Western investors once offered, Lamarré argued.
“If mobilising the first $500 million of seed capital [for the AEB] has taken this long, that’s the clearest signal yet of how steep the climb to $120 billion looks,” he said, noting that the continent’s energy financing gap is as large as $30 billion-$45 billion per year.
Africa’s investment landscape, meanwhile, has been shifting. While foreign direct investment dropped from a 2024 peak, inflows remained roughly one-third above the continent’s long-term average in 2025, according to the 2026 World Investment Report from UN Trade and Development (UNCTAD). They are concentrated in a few sectors including critical minerals needed for renewable energy technologies, battery manufacturing and advanced industrial production.
At the same time, data on global energy investment from the International Energy Agency (IEA) shows that fossil fuel investment in Africa has declined over the last decade.
“Trojan horse” for fossil fuels
While the Africa Energy Bank struggles to get off the ground, climate campaigners have criticised its primary aim of financing oil and gas on the continent at a time when the world is starting to move away from high-carbon fuels to cleaner alternatives.
Bhekumuzi Dean Bhebhe, founder of Africa Change Lab, described the bank as a “Trojan horse”, arguing that its focus on fossil fuel financing runs counter to the global energy transition and the African Union’s Agenda 2063 goals of sustainable development and inclusive growth.
The energy bank, he warned, “risks locking Africa into a new cycle of debt, dependency and fossil fuel entrenchment”, adding that its financing blueprint does not pave the way for a climate-resilient future. “In truth, it is to deepen the same extractive, carbon-heavy pathways that the continent should be moving away from,” he added.
Ugandan farmers use British court to try to stop East Africa oil pipeline
Kenya-based climate and energy expert Joab Okanda said the AEB’s plan to finance oil and gas is “a misplaced priority” and it should instead back clean energy in line with the policies of some of Africa’s major export markets like Europe.
In addition, the new bank could struggle to mobilise enough resources to advance large-scale oil and gas projects, he added, noting that its proposed $5-billion initial capital is equivalent to the cost of the East African Crude Oil Pipeline alone.
The AEB’s aim of backing more fossil fuels should be flipped “to support countries that are oil-dependent to start working on their transition plans”, Okanda said.
The post Launch of Africa Energy Bank delayed again in blow to oil and gas hopes appeared first on Climate Home News.
Launch of Africa Energy Bank delayed again in blow to oil and gas hopes
A booklet published by the UK’s opposition Conservative party includes a “cost of net-zero” that appears to have been doubled by a spreadsheet error.
The “common sense” policy document argues that “what people ultimately want is a government competent enough to solve the problems for which it takes responsibility”.
In a section that says “sophisticat[ed]…modelling” should not be a substitute for “political judgement”, the “Right Way” document disparages various estimates of the cost of net-zero.
The Conservative document then claims – incorrectly – that the government’s official adviser, the Climate Change Committee (CCC), had put the cost of net-zero at close to £1tn. It says:
“In 2020, the CCC estimated that its route to net-zero would cost £957bn.”
In fact, the CCC’s 2020 estimate was exactly half this amount – £478bn – and last year it published a revised figure of £108bn, largely as a result of the falling cost of electric vehicles (EVs).
Spreadsheet error
The Conservative party’s erroneous claim appears to stem from another report that had accidentally added up numbers twice, using a spreadsheet published by the CCC in 2020.
The 2020 spreadsheet contains a table listing the additional investments that would be needed to build a net-zero economy, from low-carbon electricity generation through to heat pumps and EVs.
These extra capital expenditures, listed as “CAPEX”, add up to a total of £1.38tn over the 30 years of 2020-50. They are set against operational savings, listed as “OPEX”, of £0.90tn.
Added up over 2020-50, the combined CAPEX and OPEX figures come to a total of £478bn.
In addition to the annual sectoral CAPEX and OPEX figures, the CCC’s 2020 spreadsheet also has a line giving combined totals for each year. It appears that som