Welcome to Carbon Brief’s DeBriefed.
An essential guide to the week’s key developments relating to climate change.
This week
Congress passes Trump’s ‘megabill’
TAX CREDITS CRUSHED: A major budget bill passed by US congress this week is “poised to remake American energy by slashing tax breaks for wind and solar power and electric cars”, reported the New York Times. The legislation, which was “muscled” through by Republicans, “provides a boost to fossil fuels and dismantles many of the biggest actions the federal government has ever taken to fight climate change”, the newspaper said.
‘CRACKDOWN’: The version of the bill approved by the Senate on Tuesday included “compromise language” that gave wind and solar projects one year to begin construction to claim current tax credits, noted Politico. “Hard-line” Republicans in the House of Representatives told the outlet that they backed the bill only after receiving assurances from Donald Trump that he would use executive action to further “constrict” wind and solar.
LAB LIABILITY: The bill, which is expected to be signed by Trump today, also “seeks to defund” multiple climate labs, according to CNN. This includes the Mauno Lao laboratory in Hawaii, where measurements since 1958 have produced the iconic “Keeling Curve” of rising atmospheric CO2, the outlet noted. See below for more on the emissions impact of Trump’s bill.
Record-breaking heatwave ‘grips’ Europe
RED ALERTS: At least eight people died across Europe as a heatwave gripped much of the continent, reported Reuters, “triggering health alerts and forest fires and forcing the closure of a nuclear reactor at a Swiss power plant”. The New York Times quoted UN secretary general António Guterres, who said: “Extreme heat is no longer a rare event – it has become the new normal.”
RECORD-BREAKING: Both Spain and England had their hottest June on record, noted BBC News, with the Spanish weather service saying the average of 23.6C “pulverised records”. The outlet added that France registered its second-hottest June, while the Guardian reported that Portugal hit a provisional record high for June of 46.6C.
FLASH FLOODS: Elsewhere, a record downpour in the central Chinese province of Hubei brought a month’s worth of rain in just 12 hours to the city of Xianfeng, reported Reuters. Authorities moved 18,000 people to safety, the newswire said. Flooding in India’s northern state of Himachal Pradesh left five people dead, reported the Hindustan Times.
Around the world
- ‘WATER[ED] DOWN’: The European Commission’s newly proposed target to cut the EU’s carbon emissions by 90% by 2040 has been criticised for allowing up to 3% of the goal to be met with international carbon credits, reported Carbon Brief.
- BRAZIL OIL BID: Brazil’s COP30 president-designate, André Corrêa do Lago, has “played down concerns” on Brazil’s oil expansion after a new analysis found the nation will drive a surge in new production by 2030, reported the Financial Times.
- ‘REPUTATIONAL RISK’: The nomination of an economist from the Saudi Aramco oil company as a coordinating lead author for an Intergovernmental Panel on Climate Change report has been denounced as “political capture”, reported Politico.
- FLIGHT FEE: A group of countries, including France, Kenya and Barbados, have pledged to tax private jets and premium-class flying in a bid to raise funds for climate action at a summit in Spain, Reuters reported. Climate Home News has all the key climate-finance takeaways from the event.
- ‘MAJOR SETBACK’: A £65m satellite launched last year to detect methane emissions from oil and gas production has been “lost in space”, reported BBC News.
£528m
The amount by which “climate aid” given by the UK government to developing countries was inflated through controversial changes to the way climate finance is now being designated, Carbon Brief analysis showed.
Latest climate research
- Sustained cuts to US military spending could result in annual energy savings by 2032 equivalent to the energy consumption of Slovenia, a study in PLOS Climate found.
- Using satellite data, a study in the Proceedings of the National Academy of Sciences revealed a marked increase in surface salinity across the Southern Ocean since 2015, coinciding with a “dramatic decline” in Antarctic sea ice.
- Research in Nature Cities highlighted the “disproportionate flood exposure” faced by urban slum populations in the global south, with one in three living on a floodplain.
(For more, see Carbon Brief’s in-depth daily summaries of the top climate news stories on Monday, Tuesday, Wednesday, Thursday and Friday.)
Captured

Trump’s dismantling of climate policy means the US will add an extra 7bn tonnes of emissions to the atmosphere from now until 2030, compared to meeting its former climate pledge under the Paris Agreement, according to new Carbon Brief analysis of modelling from Princeton University. The approval of Trump’s megabill repealing clean-energy tax credits, alongside a series of executive orders, means that US emissions are now set to drop to just 3% below current levels by 2030 – effectively flatlining – rather than falling 40% as required to hit the now-defunct target, according to the analysis.
Spotlight
Tipping points that worry scientists the most
This week, delegates at the Global Tipping Points 2025 conference in Exeter tell Carbon Brief which potential tipping “element” in the Earth system they are most worried about.
Prof Tim Lenton, founding director of the Global Systems Institute and chair in climate change and Earth system science at the University of Exeter:
“The Atlantic Meridional Overturning Circulation, or AMOC, for sure. The consequences of crashing that would be devastating globally – and also for where I live in the UK. By our own calculation, we could have less than half the viable area for growing a couple of major staple crops, wheat and maize, worldwide. We would have a widespread water crisis. We could have collapses of the monsoons in West Africa and India that would displace hundreds of millions of people. It is hard to see that in anything other than a catastrophe.”
Prof Ricarda Winkelmann, founding director of the Max Planck Institute of Geoanthropology and professor of climate system analysis at the University of Potsdam:
“So I am thinking about this from a risk perspective – so both the likelihood as well as the impacts – and I think the answer depends on that. Because when it comes to the likelihood and the particular threshold – and we know about those – I’m mostly concerned about the Greenland and the West Antarctic ice sheets. This is because we know that, even at lower warming levels, they’re already at risk of transgressing tipping points in certain regions.
“But when it comes to the impacts and also the timescales over which those play out, there are other tipping elements that worry me most. In particular, regional tipping elements. So, if we think of the mountain glaciers, for instance, these impacts are already experienced right now and several mountain glaciers are undergoing these accelerated changes.”
Prof Gabi Hegerl, chair in climate system science in the school of geosciences at the University of Edinburgh:
“I am worried about all of them. But, for the immediate future, I am particularly worried about tipping points that involve the biosphere and humans due to breaching thresholds for heat or drought that then ripple into food availability, livelihood and ecosystems. The Earth system tipping points will do that, too, but maybe a little bit later. Examples are coral diebacks triggered by marine heatwaves, forest change and fires, and droughts threatening livelihoods and putting people on the move.
“I did a research project on the US dustbowl and the trigger was drought causing vegetation and crop dieback, then [leading to] extreme heat and dust storms in response – and migration, as memorialised in [the 1939 John Steinbeck novel] The Grapes of Wrath. And, now with warming, all droughts get supercharged.”
Prof Carlos Nobre, Brazilian scientist and meteorologist who spearheaded the multi-disciplinary, multinational large-scale biosphere-atmosphere experiment in the Amazon:
“The Amazon is a very serious tipping point, because [dieback] could release around 250bn tonnes of CO2 by 2100 – which will make it impossible to [limit global warming] at 1.5C. We could also lose the largest [host to] biodiversity on the planet, which would induce a tremendous, large number of epidemics and several pandemics. Also, of course, the Amazon forest controls aspects of the global climate. In South America, the climate is entirely controlled by the Amazon forest.”
Carbon Brief will publish further coverage of the Global Tipping Points conference next week.
Watch, read, listen
‘CLIMATE ACTION IS UNSTOPPABLE’: In a talk at the recent TED Countdown Summit 2025 in Nairobi, former US vice-president Al Gore explained why the narrative of “climate realism” is a “myth”.
PROTESTOR IN PRISON: A BBC Radio 4 Currently documentary followed the story of a “law-abiding Middle England mum”, who received a four-year prison sentence for a Just Stop Oil protest on the M25 motorway.
‘FROM THE GREEN TO THE UNSEEN’: In its L is for Labour YouTube show, the Migration Project asked what a “just transition” to electric vehicles would look like for the traditional automotive industry and its workers in India.
Coming up
- 6-7 July: 17th BRICS summit, Rio de Janeiro, Brazil
- 8-11 July: AI For Good global summit 2025, Geneva, Switzerland
- 7-11 July: 47th Meeting of the Open-ended Working Group of the Parties to the Montreal Protocol, Bangkok, Thailand
Pick of the jobs
- Climate Policy Initiative, senior communications associate, climate finance | Salary: Unknown. Location: Cape Town, South Africa
- Global Action Plan, partnerships manager and campaigner | Salary: £36,000 and £36,000-£45,000, respectively. Location: London
- European Bank for Reconstruction and Development, principal manager, nature & climate finance | Salary: Unknown. Location: London
- Cheltenham Borough Council, climate and decarbonisation manager | Salary: £47,227-52,547. Location: Cheltenham, UK
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 DeBriefed 4 July 2025: Trump ‘megabill’ guts clean energy; Europe’s record heat; Scientists discuss ‘most worrying’ tipping points appeared first on Carbon Brief.
Climate Change
After Hormuz, Nepal and wildfires, people demand action to make polluters pay
Anne Jellema is executive director of 350.org; Mads Christensen is executive director of Greenpeace International; and Amitabh Behar is executive director of Oxfam International.
On Monday, global petitions with a collective total of more than 2 million signatures were presented to the United Nations, calling on governments to introduce binding mechanisms to make fossil-fuel companies and the super-rich contribute to the costs of the damage they have created.
The petition signatures were received by Selwin Hart, the UN Assistant Secretary-General for Climate Action, in New York during the UN General Assembly, sending a clear message to governments: there is no more room for excuses.
If governments are serious about resilience, energy security and protecting people from an increasingly unstable world, they must make the companies profiting from the fossil-fuel economy pay their fair share. Because the crisis we are facing is no longer some distant threat. It is unfolding in real time, and it is exposing the extraordinary costs of an economy still built around fossil fuels.
For more than six months, the Strait of Hormuz, the channel through which a fifth of the world’s oil once flowed without a second thought, has been closed, contested or effectively unusable. Tankers sit at anchor. Insurance premiums have gone through the roof. Petrol pumps from Los Angeles to Lagos have felt the tremor. It has taken a war to remind the world just how much of our daily lives still rests on a single, fragile artery of fossil fuels.
At the other end of the same emergency, a glacier came down on the Nepal–China border in the last week of August. A wall of ice, rock and water tore through the Bhote Koshi and Langtang valleys. It has been described as one of the deadliest disasters in the region’s modern history, unfolding in a landscape where the world’s glaciers are retreating and destabilising at a pace scientists have been warning about for years.
And this came only weeks after hundreds of thousands of people were displaced — not by ice, but by fire. Europe has experienced its worst wildfire season in more than a decade. Homes have been lost across Spain, Portugal, France, Greece and the UK. Firefighters and civilians have been killed battling the blazes, while damage and reconstruction costs continue to reach extraordinary levels.
These are not separate crises. They are different expressions of a world becoming more volatile, while the fossil-fuel economy continues to generate enormous profits for those at the top and pushes the costs onto everyone else.
Communities absorbing cost
Because the crisis we are facing is no longer some distant threat. It is unfolding in real time, and it is exposing the extraordinary costs of an economy still built around fossil fuels. One thread runs through all of these events: a global economy still organised around the profits of a fossil fuel industry that has known, for decades, exactly what it was doing to the planet.
At a moment when governments are gathering in New York for the UN General Assembly to talk about security, resilience and economic competitiveness, it is worth spelling out what “security” – or the lack of it, driven by our economy’s dependence on oil – actually means this year for ordinary people around the world: 35,000 excess deaths in Europe due to heat; the highest food prices in three and a half years; $700 billion in economic losses, threatening countless jobs and livelihoods, from a war and a closed oil chokepoint whose consequences are nowhere near over.
Meanwhile the companies that extracted, refined, shipped and sold the fuel behind all of this continue to report extraordinary profits. Households are paying more for energy. Governments are spending billions on disaster response, on reconstruction, on emergency deployments of firefighters and aid. Communities are absorbing the cost of a system they didn’t design and don’t control. We pay. They profit.
This is not a coincidence, and it is not inevitable. It is a political choice, repeated year after year, to let the companies most responsible for the climate crisis hoard the wealth they generate while the rest of us carry the risk.
Taxes and fines needed
That is why, together with communities and campaigners in dozens of countries have spent the last three years building the case for a simple, overdue idea: polluters should pay for the damage they have caused. Not through voluntary pledges or distant net-zero promises, but through binding mechanisms, climate damages taxes, surtaxes on fossil fuel profits, and fines ring-fenced for recovery and adaptation that put real money where the harm actually is. This is how we take the profit out of destruction and protect the generations to come.
The response has told us we are not alone in thinking this. Our petitions calling on governments to make polluters pay have now gathered a collective total of over 2 million signatures from people across every region of the world.
The case for making polluters pay has moved into the mainstream
That is not a fringe demand. It is what happens when people watch a choke-point war spike their fuel bill, watch a glacier take a thousand lives, watch their own summer holidays rearranged by fire. They draw the obvious conclusion: the people who caused this should be paying for it – not profiting from it.
We hear the objection already forming: that this is not the moment, with wars underway and economies fragmenting, to burden industry further. We would say the opposite is true. If governments can mobilise trillions for war, for bailouts and for new fossil fuel infrastructure, they can mobilise the political will to tax the companies that caused this crisis.
Money for clean energy and resilience
That money can go straight to the people paying for it, through cheaper, cleaner, more secure energy, and through funding for communities on the frontline of floods, fires and glacial collapse. There isn’t an excuse left. There is only a choice about where power and money go next. Every dollar we don’t spend now on adaptation, resilience and cutting emissions, we burn many times over later: on disasters we could have prevented and economies we scramble to fix too late.
This year’s UNGA should be the moment that choice gets made in public. Governments arriving in New York will talk about resilience, about energy security, about protecting their citizens from an unstable world. Let them explain on the record why a fossil fuel industry that has spent decades profiting from that instability should not be the one paying to fix it so wrecking the planet no longer pays off.
The fires, floods and storms won’t just go away. The system that keeps producing these disasters, and keeps paying the same companies for the privilege, will not change itself unless political leaders step up. It is on all of us to make sure they hear, as loudly as possible, that the time for excuses has run out.
The post After Hormuz, Nepal and wildfires, people demand action to make polluters pay appeared first on Climate Home News.
After Hormuz, Nepal and wildfires, people want action to make polluters pay
Climate Change
The war on Iran exposes the real cost of plastics
(and why it matters for the Global Plastics Treaty)
Originally posted by Greenpeace International.
The gravest consequences of the war are borne by people in Iran and across the region: lives lost, families displaced and essential infrastructure damaged. Its fossil fuel shock has also carried economic consequences far beyond the battlefield.
The war on Iran triggered an oil market crisis that sent shockwaves far and wide, and some consequences are still unfolding. Impacts rippled beyond energy and transport into shops and supermarkets, pharmacies and homes. People everywhere are still paying.
Nearly everything we buy, from shampoo bottles to strawberry packaging, is made from or with petrochemicals, wrapped in plastic, or both. But it does not have to be, and most people do not want it to be.
The war exposed a hidden risk in the plastics economy. Plastic depends on fossil fuel feedstocks and global petrochemical supply chains. When oil and gas supplies are disrupted, the cost and availability of packaging, medical supplies and everyday goods are disrupted too. Households, public services and communities ultimately pay.
The war has changed the terms of the debate around the Global Plastics Treaty. It has revealed the real costs of being tethered to the plastics supply chain. At the next round of treaty negotiations, governments have a choice. They can lock in deeper vulnerability to future price and supply shocks, or build economies resilient enough to withstand them.
Here are six things the conflict has shown us.
1. Plastic supply chains are vulnerable to fossil fuel shocks

The war disrupted plastic production, imports, and exports at once, sending costs soaring worldwide. Formosa Petrochemical Corp (FPCC), one of the world’s largest plastic producers, was forced to declare force majeure. This is a legal term meaning it could not meet contractual obligations because of circumstances beyond its control.
In Japan, polyethylene production, a plastic widely used in shopping bags and packaging, reportedly fell 62% in March. Shortages then spread from factories to supermarket shelves.
The fallout reached beyond supply chains to hospitals, where South Korea had toban the hoarding of medical syringes. It reached household cupboards, where the price of body wash reportedly climbed 7.7% in a matter of weeks. It also reached children’s toy boxes. A US-based soft-toy manufacturer said its supplier in China had cited material cost increases of 10% to 15% within three weeks of the war starting.
Petrochemicals go into more than 6,000 everyday products, according to the US Department of Energy. The question is not whether every one of these products can change overnight. It is how many uses can be reduced, redesigned or replaced with safer, non-fossil-fuel alternatives.
2. The crisis created winners and losers
This conflict revealed new pressure points for countries whose industries depend heavily on plastics and petrochemical feedstocks. According to South Korean media, naphtha import prices rose 68% in a single month, while small and medium-sized manufacturers reported material shortages and cost increases of more than 20%.
As some producers were forced to scale back, China saw the conflict as a way to move beyond years of oversupply and low margins. Its own efforts to curb destructive overcapacity and price competition had struggled to resolve this problem. It increased exports to Asian markets, used accumulated inventory, ramped up idle capacity and absorbed demand left by disrupted competitors. One industry analyst has described this as a potentially lasting shift in market share.
Meanwhile, the US turned the same crisis into a windfall. Ethane-fed plants were less exposed to disruption at the Strait of Hormuz and kept input costs lower even as global prices climbed. Producers raised prices as markets tightened.Dow raised North American polyethylene prices by 10 cents a pound in March, then 15 cents in April, before doubling that increase days later. Another increase was announced in August.
LyondellBasell said its second-quarter earnings, excluding unusual items, rose nearly 600% year on year to US$1.4bn. Dow swung from a loss to a profitwithin a few quarters of the war’s start. This was not simply a story of market adjustment. Companies with less exposure to naphtha supply disruptions were better positioned to profit while producers and communities elsewhere absorbed the risks.
The benefits and harms of the petrochemical economy are not distributed fairly. Communities near extraction, refining and petrochemical facilities often carry pollution and health burdens, while countries dependent on imported fuel and feedstocks are exposed to prices they cannot control.
3. Households, public services and communities bear the costs

According to NielsenIQ data reported by Reuters, grocery prices in the US rose 2.9% year on year in the four weeks from the start of the war to 28 March. The same data showed bottled-water prices rising 5.8%, while nappies, pads and tampons, all of which contain plastics, rose by between 2% and 6%. School lunchboxes rose by more than 26%, the biggest increase of any school item, according to retail data.
Synthetic footwear could also become more expensive. With roughly 70% of synthetic shoe materials derived from petrochemicals, industry analysts project prices could rise by another 1.5% to 3% by late summer and autumn.
In Taiwan, the price of a basic plastic bag more than doubled, and Costco reportedly had to ration the number of food storage bags a single customer could buy. Companies and governments made the decisions that left economies exposed to this crisis, but it was ordinary people who paid for it. They paid through petrol, public transport, food, household goods and essential supplies.
The impacts are not shared equally. Lower-income households, small businesses, informal workers and countries reliant on imported fossil fuels and petrochemical feedstocks have far less room to absorb higher costs or shortages of essential goods.
4. Some governments are choosing reuse and resilience
In March, just weeks into the conflict, South Korea’s president, Lee Jae Myung, told his cabinet that the country’s deep reliance on petrochemicals made it difficult to predict where the next disruption would hit. He warned it ‘poses a serious threat to people’s daily lives’.
By April, he had moved from emergency response to longer-term reform, calling for a ‘plastics-free economy’. Taiwan’s government expanded reuse infrastructure to build a more resilient economy and reduce exposure to market fluctuations.
The lesson is not that scarcity or rationing is desirable. It is that planned, publicly supported reuse and reduction systems can protect people better than an economy dependent on volatile virgin plastic supply chains.
The question is whether enough governments act in time to avoid the next shockwave.
5. Reuse and reduction can work at scale

Industry has long argued that plastic is too convenient, too cheap and too embedded in everyday life to be meaningfully cut back. But when Taiwan’s plastic bags suddenly became scarce, the country continued to function. Retailers adjusted, the government expanded reuse programmes, and people brought their own bags.
As virgin plastic prices climbed, French retailer Carrefour committed to removing 5,000 tonnes of plastic from its packaging through refill formats and packaging reductions. It said it would pass the savings on to customers through lower prices.
This does not mean responsibility should fall on individuals. It means governments and businesses can build systems that make reuse, refill and less packaging easy, accessible and affordable.
Single-use plastic is embedded in retail systems, but it is not as indispensable as the industry claims. Cutting back is possible, and it can reduce costs as well as pollution.
6. Without structural change, the next shock is inevitable

The conflict is not over, and even when it is, disruptions will come again. A similar pattern played out in 2021, when the Ever Given blocked the Suez Canal for six days, disrupting global trade and adding to existing pressures on plastics supply chains.
Exposure is also set to grow. The IEA predicts that plastics and petrochemicals are on track to become the single largest driver of growth in global oil demand through 2050.
Plastic producers are not separate from the fossil fuel economy. Petrochemicals are made from fossil fuel feedstocks, so continued growth in virgin plastic production deepens demand for oil and gas. It also locks communities and economies into exposure to future price shocks.
At the next round of Global Plastics Treaty negotiations, governments have a critical opportunity to cut dependence on fossil fuels, reduce the health harms caused by plastics and build systems more resilient to the next disruption.
A binding treaty that meaningfully cuts plastic production is not only a win for public health, ecosystems and the climate. It could be a turning point for economic security, geopolitical stability and the resilience of the systems we all depend on.
A Global Plastics Treaty can help break the cycle

The lesson of the war on Iran is not that people should learn to live with shortages. It is that economies built around fossil fuels and ever-growing virgin plastic production are exposed to shocks they cannot control.
A strong, binding Global Plastics Treaty can help change that. By cutting plastic production, expanding accessible reuse systems and supporting a just transition away from fossil fuel dependence, governments can reduce pollution and help protect people from the next price shock.
Governments should protect people now while reducing future exposure. They should support reuse systems, invest in accessible refill and public services, and shift public investment away from fossil fuel and petrochemical expansion.
The people and communities least responsible for this system should not be the ones left paying for it. Governments must put public wellbeing, resilience and a liveable future ahead of the profits of fossil fuel and petrochemical companies.
For a more in-depth analysis, read our brief.
Lindsey Jurca is a Senior Plastics Campaigner at Greenpeace USA.
Climate Change
Climate change and energy transition rise up national security agenda
Governments need to start addressing climate change impacts and nature loss as a threat to national security and manage shocks before they hit rather than picking up the pieces afterwards, Britain’s foreign minister and other leaders told the opening of Climate Week NYC on Monday.
Ed Miliband – who was until July the UK’s energy minister – said the growing urgency and severity of extreme weather and related disasters require a shift in thinking, calling on governments to put the issues “front and centre”.
“Climate breakdown, in my view, must be an issue for foreign ministers and prime ministers, as well as energy and climate ministers – the security community, not just the activist community, the generals, not just the green campaigner,” he told an audience of policy and business leaders.
There is a need to assess risk differently, he added, by embedding climate and nature in national security systems, threat assessments and contingency planning. He also urged countries to pool information because climate shocks can travel fast through supply chains as well as influencing financial markets and migration patterns.
The framing of climate change as a threat to countries’ security and stability is not new, but it has gained greater emphasis as the impacts of global warming are biting harder in places like Europe, which is struggling with more intense heatwaves, drought and forest fires.
In mid-August, Miliband said in a social media post, reflecting on the UK’s hot and dry summer, that he would convene foreign ministers attending the UN General Assembly in late September to discuss how to respond to “this new national security threat” and build a coalition for action. But he did not give further details of that initiative on Monday.
Australia calls for unified response
Other leaders in New York also reflected on the growing threat to their societies and economies from climate change impacts and exposure to volatile fossil fuel markets.
Australian Prime Minister Anthony Albanese said his country “understands the dangers of global warming and the urgency of climate action as well as any nation”.
“We have seen it up close – from increasingly intense bushfires and floods, to the damage warming oceans are wreaking on our vulnerable coastlines,” he said in a speech, adding that with a record-breaking El Nino forecast, Australia and Pacific nations are preparing for a potential summer of extreme heat, bushfires and floods.
With scientific forecasts of worsening impacts now coming to pass, “this means the global community cannot afford to be frozen in time as the world warms around us”, he added. People cannot be left to cope alone, he said, emphasising that as leaders, “we need to come together, to meet the problem head on”.
Australia will lead the negotiations at the upcoming COP31 climate summit, and has brought the existential threat to Pacific countries from sea level rise into the diplomatic limelight. The pre-COP gathering next month will be hosted in Fiji, with a visit by leaders to Tuvalu.
Speaking to Climate Home News in New York, Panama’s environment minister Juan Carlos Navarro said the small Central American country faces hundreds of millions of dollars in losses from drought in the Panama Canal due to El Niño.
The Panama Canal Authority estimates income could be reduced by between $225 million and $400 million due to slower maritime traffic passing through the strait.
“What a great irony,” Navarro said. “Panama being a small, carbon-negative country pays the price for the big carbon-emitting countries.”

Climate investment “critical” to stability
Amina J. Mohammed, deputy secretary-general of the United Nations, said there was a need for countries to stick with multilateral approaches to problems including climate change, despite the difficult geopolitical times the world is going through. She added, however, that it “does require your voices. It won’t happen by itself. We have to lean into it.”
The rest of the high-level UNGA week in New York will show the extent to which multilateral efforts to resolve the world’s problems – from climate change to poverty – have top-level support as leaders give their speeches, including the Brazilian and US presidents on Tuesday.
Kaysie Brown, associate director for climate diplomacy and geopolitics with think-tank E3G, said the statements by Miliband and other leaders at Climate Week NYC had underlined the political and government case to integrate climate considerations into security thinking and institutions at the highest level.
“In a world of escalating climate impacts and the record El Niño expected to heighten risks worldwide alongside energy volatility and geopolitical tensions, investing in global climate resilience and the clean energy transition are critical to credible strategies to enhance stability and national security,” she added in a statement.
Suneeta Kaimal from the Natural Resource Governance Initiative (NRGI) said that, while in previous years governments heavily focused their speeches on climate action, this year’s focus on energy security does not change the underlying challenge.
“The fact that the framing has changed from energy transition to energy security doesn’t change the reality that this transition needs to occur in energy systems. It’s just a different framework. It’s a more transactional framework, but it all points to the need for resilience,” she said.
Speaking at the opening session of Climate Week, Iceland’s Prime Minister Kristrún Frostadóttir described how her country had reacted to the spiralling costs it faced from the 1970s oil price crisis by investing in a large-scale district heating system fuelled instead by its abundant geothermal energy.
“Resilience wasn’t built while the crisis was happening. It was built in the years after – deliberately, patiently, as a national mission – so that the next shock wouldn’t hit as hard, if at all,” she said.
New COP goal on electrification
Speaking at a separate event on Monday, UN climate chief Simon Stiell pointed to a new voluntary target expected to be adopted at COP31 for 35% of global energy use to come from electricity by 2035 as a strategy that can help cushion countries, families and businesses from fossil fuel supply shocks and rising costs.
At the United Nations, the Turkish COP presidency gave more details of the electrification goal it first announced at the Bonn climate talks in June, including sharing with governments a final text of the pledge it wants them to get behind.
The pledge sets out a global ambition to advance electrification, highlighting the importance of supporting developing countries to identify their grid investment needs and access finance for electrification.
“It is a development strategy, an industrial strategy, a health strategy, and a security strategy,” Stiell said.
The post Climate change and energy transition rise up national security agenda appeared first on Climate Home News.
Climate change and energy transition rise up national security agenda
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