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

This is an online version of Carbon Brief’s weekly DeBriefed email newsletter. Subscribe for free here.

This week

Fossil fuels out

COP28 CUTBACKS: France and the US will back a ban on private financing for new coal power at the COP28 climate summit in Dubai, which kicks off next week, Reuters reported. The EU parliament passed a resolution calling for countries to agree to “a tangible phase-out of fossil fuels as soon as possible…including by halting all new investments in fossil fuel extraction”, said another Reuters story. (Note that the parliament is distinct from the EU itself, which has only committed to pushing for a phaseout of “unabated” fossil fuels at COP28.) 

COAL RUSH: Meanwhile, India’s power ministry has said that the country plans to expand its coal generation capacity by adding “at least 80 gigawatts (GW) by 2031-32”, Indian newspaper Mint reported. “New Delhi won’t bow down to any pressure to take coal phasedown targets” at COP28, Indian newspaper Economic Times reported.

Extreme heat

RED ALERT: Brazil reached its hottest temperature on record on 19 November, when the southeastern town of Araçuaí hit 44.8C, according to the Brazilian Report. Brazil’s National Institute of Meteorology put large parts of the country under a red alert, the Guardian said. The Independent cited a rapid attribution analysis, which found that “temperatures in Rio were up to 4C warmer last week than they were in the period from 1979-2000”. Meanwhile, the Associated Press reported that a fan died during a Taylor Swift concert in Brazil due to the heat.

AFRICAN HEAT: The record-breaking heatwave engulfing Madagascar in October would have been “virtually impossible” without human-caused warming, according to a new rapid attribution study, the Guardian reported. The report highlighted the lack of media coverage of the heatwave, the newspaper added. Elsewhere, News24 reported that South Africa recorded an all-time national temperature record of 43C this week.

Around the world

  • SCEPTICS TRIUMPH: Far-right climate sceptics have won elections in Argentina and the Netherlands. Argentina’s new president Javier Milei has called climate change a “socialist lie”, according to E&E News. The Party for Freedom, which has won the most seats in the Dutch parliament, says in its manifesto that “we must stop being afraid” of climate change, the Agence France-Presse reported.
  • JUST TRANSITION: Indonesia has released its final plan to mobilise $20bn of investment from rich countries to help it build renewables and replace its fleet of coal power plants, according to Nikkei Asia.
  • PEAKING EARLY: A survey of experts found that more than 70% think that China is on track to hit its target of peaking its carbon dioxide (CO2) emissions before 2030, Chinese-language outlet Jiemian reported.
  • UK SPENDING: Climate measures were “thin on the ground” in the UK’s autumn statement, Carbon Brief reported.
  • ‘SUPERCHARGE’ RENEWABLES: The Australian government plans to “supercharge” its renewables ambitions by underwriting 32GW of low-carbon power projects by 2027, said the Australian Financial Review.
  • GAS IN GAZA: As Israel’s conflict with Hamas continues, Haaretz reported that the US wants Israel to develop offshore gas fields as a new “revenue stream” to help “revitalise” the Palestinian economy.

7,200

The number of fossil-fuel representatives that have attended UN climate talks over the past 20 years, according to the Washington Post.


Latest climate research

  • Labourers on rice and maize fields are the most exposed agricultural workers to dangerous humid heat, new research in Environmental Research Communications found.
  • The occurrence of “ocean-onto-land” droughts – which originate over the oceans and migrate onto land – has increased in the past 60 years, according to a study in Nature Climate and Atmospheric Science.
  • A new paper in Science Advances presented the first “fine-scale” observations of methane and CO2 emissions from NASA’s Earth Surface Mineral Dust Source Investigation imaging spectrometer. The authors attributed the emissions to their sources, including the oil and gas, waste and energy sectors.

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

Captured

There is a relatively small amount of allowable carbon emissions – known as the “carbon budget” – remaining if global warming is to be limited to 1.5C, the ambition of the Paris Agreement. As Carbon Brief’s coverage of the UN Environment Programme emissions gap report shows, as of the start of 2023, the remaining carbon budget for having a 50% chance of keeping temperatures at 1.5C was only around 250bn tonnes of CO2 (GtCO2), which is roughly six years of current emissions.

Spotlight

IEA’s ‘moment of truth’ for oil-and-gas companies

Carbon Brief takes a dive into the International Energy Agency’s (IEA) latest report on the future of oil and gas. It has been launched to coincide with the start of COP28, which IEA chief Dr Fatih Birol described as a “moment of truth” for the sector.

Fossil fuels are set to take centre stage at COP28 in Dubai, a city built on decades of oil extraction. Dozens of nations say they want the event to yield a global commitment to reducing fossil-fuel use. 

COP28 president Sultan Al Jaber, who is also chief executive of the Abu Dhabi National Oil Company (Adnoc), has said cutting fossil-fuel supply is “inevitable and essential”. Doing so would require oil companies such as his to radically change their business models.

In its new report, the IEA lays out the role such companies could play in this transition. It also punctures many of the narratives that the oil industry has formed in recent years concerning its climate action – or lack of it.

‘Central to the solution’

Al Jaber has stressed that oil companies are “central to the solution” for climate change. The IEA agrees that the net-zero transition will be “more costly and difficult” without oil companies on board, but says a “step change” is required.

Oil majors such as Shell and BP have made much of their low-carbon investments. Yet, in 2022, the IEA says the industry channelled just 2.7% of its capital spending into clean energy. (It notes that Adnoc says it invests in clean energy, but has not revealed how much.)

Many spend nothing at all. More than 80% of oil and gas is produced by companies with no plans to invest in clean alternatives. State-owned firms such as Adnoc, which account for more than half of global production, have been particularly hesitant.

The IEA says oil industry spending on low-carbon alternatives could be brought in line with the agency’s “net-zero by 2050” scenario, if it increases to around 50% of capital expenditure by 2030. However, this would require shareholders and governments to accept lower returns, something there “does not appear to be a large appetite [for]”.

No ‘status quo’

Many oil-and-gas companies plan to cut emissions from their operations and drilling sites – rather than those from burning their products. Adnoc, for example, intends to be a “net-zero” company by 2045.

Yet these efforts are lacking in sufficient ambition, according to the IEA. It says less than 2% of oil-and-gas production is covered by an emissions target that aligns with the agency’s net-zero scenario.

There are also question marks over how oil companies are cutting their emissions.

The report stresses that relying on the still-emergent technology of carbon capture and storage (CCS), as many oil companies appear to be doing, cannot be “a way to retain the status quo”. It says the $3.5tn annual cost of scaling up CCS enough to maintain production while hitting climate targets is equivalent to the industry’s entire revenue.

The IEA also cautions against reliance on carbon offsets, which three-quarters of oil companies with emissions targets have stated they will use. 

‘Last ones standing’

Oil companies often emphasise the world’s “need” for fossil fuels and, indeed, the IEA sees a small amount of oil and gas extraction necessary even as companies “evolve their portfolios”.

Still, the IEA reiterates that its net-zero pathway means no new oil-and-gas fields. In fact, it says new developments since it first issued this warning in 2021 mean some would now have to be closed early. 

Various oil companies clearly intend to be the “last ones standing” – extracting oil long into the future. To them, the IEA issues a warning: “Many producers say they will be the ones to keep producing throughout transitions and beyond. They cannot all be right.”

Watch, read, listen

THE CLIMATE 1%: The Guardian has published a new series titled “the great carbon divide”, examining “who is most responsible for the emissions that are driving the escalating climate crisis, and what to do about carbon inequality”.

OFFSETS OUTED: A new Channel 4 documentary investigated the shadowy world of carbon-offsetting, travelling to Cambodia to try to speak to reticent industry representatives and investors, as well as local journalists who pointed to rights abuses in projects.

REFORMING FINANCE: As calls to transform the global financial system grow stronger at COP28, Boston University and the Centre and Science Environment, a research advocacy organisation in India, hosted a webinar to unpack what this could look like.

Coming up

Pick of the jobs

  • World Resources Institute (Europe), food, land and water policy lead | Salary: €80,000-101,000 if based in the Netherlands and £65,000-82,000 if based in the UK. Location: The Hague, Netherlands, or London
  • The Sunrise Project, co-director for the global finance programme | Salary: $143,275-171,248 if based in the US; £110,000-132,000 if based in the UK and €100,340-107,181 if based in the Netherlands. Location: North America, Europe or Asia
  • The Fletcher School at Tufts University, assistant professor in climate policy, Salary: Unknown. Location: Massachusetts, US 

DeBriefed is edited by Daisy Dunne. Please send any tips or feedback to debriefed@carbonbrief.org

The post DeBriefed 24 November 2023: Fossil fuels under fire on eve of COP28; Record heat from Brazil to South Africa; IEA’s ‘moment of truth’ for oil and gas appeared first on Carbon Brief.

DeBriefed 24 November 2023: Fossil fuels under fire on eve of COP28; Record heat from Brazil to South Africa; IEA’s ‘moment of truth’ for oil and gas

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Climate Change

UN chief urges countries to adopt fossil fuel transition plans with timelines

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The head of the United Nations has called on all countries to deliver plans for phasing out their production and consumption of fossil fuels, as rising oil prices and climate shocks threaten energy and human security.

In his farewell speech to the UN General Assembly (UNGA) in New York on Tuesday, outgoing UN Secretary-General António Guterres for the first time urged “every government to adopt a national plan to transition away from fossil fuels” aligned with limiting warming to 1.5C. The plans, he said, should include “clear timelines and protection for affected workers and communities”.

“We know fossil fuel interests won’t step aside on their own. For decades, Big Oil has treated the atmosphere as an open sewer – and cashed in on the consequences,” Guterres told diplomats in his speech opening the leaders’ segment of the assembly, also calling out the industry’s windfall profits after Russia’s invasion of Ukraine.

    At last year’s COP30 climate summit in Belém, a group of about 80 governments led a failed push to develop a global roadmap to transition away from fossil fuels. Brazil instead proposed to draft a voluntary report that will be presented this year ahead of COP31 after countries and organisations submitted their views to the process.

    Governments first agreed to transition away from fossil fuels in energy systems at COP28 in Dubai in 2023, but have since failed to agree at UN climate talks on how to move forward with that commitment, as efforts to do so have been effectively blocked by large fossil fuel-producing countries.

    France, Netherlands issue plans

    A few countries have moved forward with their own transition plans. France launched the first one at an international conference on the issue in April and the Netherlands followed suit this month. Not being major fossil fuel producers, both European nations aim to end their coal, oil and gas consumption by 2050, although the Dutch plan was criticised for not setting specific phase-out dates for the dirty fuels.

    Adão Soares Barbosa, climate ambassador from Timor-Leste and chair of the Least Developed Countries (LDC) group in the UN climate negotiations, told a press briefing on Tuesday that last year’s discussions on shifting away from fossil fuels need to continue at COP31, adding that developed countries should lead the way with transition plans and curb their use of fossil fuels.

    “We are expecting that we can make a request to major-emitting countries to limit emissions from this sector,” he said. “For LDCs, we’ll also try to reduce fossil fuel use, but it will depend on national circumstances.”

    Samoa’s lead negotiator Anna Rasmussen said small island states have outlined their energy transition plans in their nationally determined contributions (NDCs) – countries’ plans for meeting the Paris Agreement goals – but added “we’re still waiting” for climate finance to help implement those plans.

    Despite the global push to clean up the energy mix, countries leading climate talks are themselves also expanding fossil fuel production. COP31 co-presidents Australia and Türkiye have both recently given the green light to mine and drill more coal, oil and gas, and still depend on fossil fuels for 60% and 56% of their electricity production respectively.

    Fossil fuel expansion threatens COP31 hosts’ credibility, experts warn

    COP30 host nation Brazil has also persisted with its plans to explore potential new oil reserves near the mouth of the Amazon River – a region known as the Equatorial Margin.

    These are moving ahead despite President Luiz Inácio Lula da Silva announcing last year at the Belém climate summit that the country would develop its own fossil fuel phase-out plan. This is still under development with little information about its progress and may be hampered by elections next month.

    “We have achieved our self sufficiency in oil and will continue to explore the potential of new reserves, such as those in the Equatorial Margin,” Lula said in his speech to the UNGA on Tuesday. “But we will not abandon the environmental agenda,” he insisted. “We will move forward with the roadmap for the decarbonisation of the Brazilian economy.”

    Transition far cheaper than status quo

    Speaking at the main Climate Week NYC venue, Mads Christensen, executive director of Greenpeace International, said given the fast-shifting cost dynamics for both fossil fuels and renewables, countries should revise their existing energy plans because they are now out of date.

    Gas power generation now costs around 150 euros per megawatt compared with around 50 euros for solar with battery storage – making the latter two-thirds cheaper.

    “If these plans were updated, I think we would have a much faster transition because it simply makes good financial sense,” he said.

    A technician walks next to solar panels that partially provide electrical power to the Grand Mosque of Istiqlal in Jakarta, Indonesia (Photo: REUTERS/Willy Kurniawan)

    A technician walks next to solar panels that partially provide electrical power to the Grand Mosque of Istiqlal in Jakarta, Indonesia (Photo: REUTERS/Willy Kurniawan)

    Tzeporah Berman, founder and chair of the Fossil Fuel Treaty Initiative, told Climate Home News that the Santa Marta process for transitioning away from fossil fuels (TAFF), launched at April’s conference, could help countries discuss, design and develop their national roadmaps, as well as mobilise the international cooperation required to actually deliver them.

    “Many countries want not only national roadmaps but a global roadmap off the highway to hell,” she added. “A global plan is necessary to ensure the rules aren’t rigged against those who want to do the right thing and so all countries can make credible commitments.”

    The second TAFF conference will be held in the Pacific island nation of Tuvalu next spring, co-chaired by Ireland. In New York, Tuvalu’s climate minister Maina Vakafua Talia called for stepped-up efforts to tackle the fossil fuel use that is threatening his country’s “demise” by driving global warming.

    “The world is running out of time, and so I ask every government to come to… Tuvalu with solutions – real solutions, not false solutions – for us to ensure that we have a pathway and a way forward,” he urged.

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    Climate Change

    COP31 electrification pledge leaves out clean power commitment

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    COP31’s flagship initiative to accelerate the electrification of the world’s economy has been criticised for failing to include a commitment to produce the power from clean energy.

    Governments that sign the voluntary pledge at this year’s UN climate summit will commit to increasing electricity’s share of total energy consumption to 35% globally by 2035 in line “with pathways consistent with keeping 1.5C alive”, the text unveiled by the Turkish presidency on Tuesday says.

    While the document says that the electrification goal is “complementary to efforts to expand renewable energy and improve energy efficiency”, governments are not explicitly asked to commit to producing the extra power with clean sources and driving down greenhouse gas emissions.

    The text instead says the “use of clean electricity” will vary according to national circumstances. Fossil fuels are not mentioned by name, although the pledge cites the COP28 Global Stocktake decision, which called for “transitioning away from fossil fuels” in energy systems.

      COP31 president Murat Kurum said earlier this month that the push to make electrification more “widespread” – through measures like the rollout of electric vehicles and heat pumps – will “automatically” lead to a reduction in the use of fossil fuels.

      But many campaigners disagree, criticising the proposed pledge for failing to give an explicit signal on the fossil fuel transition.

      Lack of clarity on energy sources

      “Let’s not let electrification become the Trojan horse of our times, used to hide new fossil fuel consumption rather than promote renewable energy,” Claire Smith from civil society umbrella group Beyond Fossil Fuels said in reaction to the pledge’s publication.

      She added that the commitment will only help address the climate crisis if electrification is powered by a flexible energy system where solar and wind are complemented by enhanced grids and storage.

      The pledge’s text says that the electricity goal should be supported by “diverse and sustainable energy sources”, but it stops short of explaining what these sources are.

      Alden Meyer, an international climate policy expert and senior associate at think-tank E3G, said the details of the pledge matter to how effective it will be in helping bring planet-heating emissions down.

      “It has to be clean, and we haven’t got enough clarity on a guarantee that it will be a decarbonisation move,” he told Climate Home News.

      China’s industrial engine starts to break its fossil fuel habit

      According to an annual electricity review from energy think-tank Ember, in 2025 renewables edged ahead of coal power for the first time in 100 years. Continued growth in solar and wind pushed the share of renewables above a third of global electricity generation to just under 34%, compared with coal at 33%, it said.

      Janet Milongo, energy Transition lead at CAN International, said success cannot be measured simply by how much of the world’s final energy consumption becomes electric.

      “We must ask what generates that electricity, who has access to it, who owns the infrastructure, and whether it is helping communities transition away from fossil fuels,” she added.

      Electrification alone can’t meet climate goals

      Analysis published by the IEA on Tuesday, alongside the pledge, found that it would already be cost-effective to raise electricity’s share of global energy use from 23% today to around 33% with existing technologies, putting the COP31 goal “within striking distance”. Based on current policies, however, the share reaches only about 30% by 2035.

      Hitting the 35% target would cut fossil fuel importers’ import bills by around $400 billion a year by 2035, the IEA said. At the higher prices caused by the conflict in the Middle East, that saving rises to more than $500 billion.

      Speaking at New York Climate Week on Tuesday, IEA executive director Fatih Birol said the agency’s figures show that in 2026, about 80% of all new power plants built will run on renewables, with a few percentage points coming from nuclear power and the rest from fossils fuels. “So therefore, electrification itself will lead reduction of the [greenhouse gas] emissions,” he added.

      IEA Executive Director Fatih Birol speaks at Climate Week NYC on September 22, 2026 (Photo: Megan Rowling / Climate Home News)

      IEA Executive Director Fatih Birol speaks at Climate Week NYC on September 22, 2026 (Photo: Megan Rowling / Climate Home News)

      However, the IEA warned in its new report that electrification “by itself is not enough” to meet the world’s climate targets. It noted that, if “low-emission” sources of power continue to simply grow in line with current policy scenarios, that would be only just enough to cover the extra demand from electrification, driving a modest decline in emissions.

      Matt Webb, associate director of global clean power diplomacy at E3G, said the pledge is a “welcome signal of leadership” and can help COP31 be a “critical moment” for countries to double down on the energy commitments made at COP28.

      But to secure the full benefits of electrification, he added, it is essential that we “urgently clean up” by speeding up the rollout of renewables and developing credible national plans to transition away from fossil fuels.

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      Climate Change

      As loss and damage fund stalls, Nepal crowdfunds flood relief

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      People around the world have donated almost $90 million to a government-led campaign to help Nepal recover from its recent devastating Himalayan flood, according to a Nepali climate negotiator, even as the UN chief slammed the tiny amount of money in a new fund to deal with such disasters.

      Individuals and companies from Nepal and abroad have chipped in from $5 to “many millions” of dollars to the Prime Minister’s Disaster Relief Fund, Manjeet Dhakal, an advisor to the poorest countries at UN climate talks, told an event on Monday focused on early warning systems.

      The prompt and substantial response from the public contrasts with the slower, more limited support that is potentially on offer from the UN’s new Fund for Responding to Loss and Damage (FRLD), set up by governments to compensate developing countries for climate disasters.

      Comment: Human security relies on adapting to the world’s new climate reality

      Over three weeks have passed since Nepal’s finance and environment ministers asked the FRLD board to take an urgent decision to allocate funding to help Nepal protect people and restore essential services in the wake of the disaster, which caused around 1,450 deaths and left more than 5,000 people missing.

      “Time is of the essence,” the ministers wrote in an appeal to the FRLD on August 31, which was swiftly followed by a letter from a group of developing-country board members urging the FRLD board’s co-chairs to organise an extraordinary meeting to come up with a response.

      Loss and damage fund hesitates

      Yet, despite informal online meetings, the co-chairs have yet to convene a meeting with the power to allocate funds. The board’s next scheduled meeting begins on December 15.

      Dhakal said on Monday that the request has “received some positive response, but still there is some discussion ongoing about how to respond to that”.

      “If they can’t respond in a timely manner, then is [the fund] fit for purpose in terms of disasters that the world would be facing in the coming years? The scale and intensity of these disasters is increasing,” he said.

      With just $820 million pledged to it by rich countries and not all of that yet delivered, the FRLD has earmarked just $350 million to spend in its initial phase and without further contributions could run out of money next year.

      Because of these limited funds, and a huge number of requests for funding totalling nearly $3 billion, the FRLD has said it will only give out a maximum of $20 million to each project for now. It has yet to approve funding for any projects.

      Dhakal recently told The Nation magazine that this amount was just a “symbolic gesture”. Nepal’s government has estimated the costs of recovery and reconstruction at $4.8 billion, with homes, roads, bridges, hospitals and hydropower stations in the affected area needing to be repaired and rebuilt.

      “Ridiculously small” funding

      In a speech to the UN General Assembly on Tuesday, the body’s outgoing Secretary-General António Guterres criticised the “ridiculously small” level of funds made available by wealthy governments to the FRLD. Developed countries should “make the loss and damage fund work at scale”, he said.

      Secretary-General António Guterres speaks at UNGA (Photo: UN Photo/ Loey Felipe)

      The Portuguese diplomat told world leaders that when he travelled to Nepal three years ago, he had “sounded the alarm on accelerating glacier melt, warning that the rooftops of the world are caving in”.

      “Some dismissed it all as overstating dangers, but as tragic events have shown, impacts are arriving sooner, hitting harder, and spreading further than many anticipated,” he said.

      A recent study by scientists with the World Weather Attribution group found that climate change contributed to the rock-ice avalanche which sparked a huge flash flood along a river valley on the Nepal-Tibet border.

      Speaking at a separate event in New York on Monday, leading climate scientist Johan Rockström highlighted those findings on the role of global warming in the Himalayan disaster.

      “This will be potentially the first poster-child case of a loss and damage invoice, because here we have a proven case of a catastrophe which would not have occurred if it hadn’t been for human-caused climate change,” he said.

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