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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

Donald Trump elected as US president

TRUMP ELECTED: Republican Donald Trump claimed victory and a “powerful mandate” in the US election this week, reported the Financial Times. According to Agence France-Presse, the result could “slam the brakes on the transition to green energy” and jeopardise international efforts to tackle climate change.

‘MAJOR SETBACK’: BBC News reported that Trump’s election was a “major setback for climate action” according to experts. Similarly, Politico stated that “any slowdown from the world’s second-largest emitter – itself a major driver of the global shift to clean energy – is bound to throw a wrench into global climate efforts”. Carbon Brief analysis published in March – which has been widely cited in global media this week – found that a Trump victory could lead to an additional 4bn tonnes of US emissions by 2030, compared with incumbent Joe Biden’s plans.

HINDERING COP: The election result is “set to cast a pall over the UN COP29 summit next week”, reported the Financial Times. The Trump campaign said the president has pledged to withdraw the US from the 2015 Paris Agreement, as he did during his first term, the article continued. It noted that nations are meant to agree to a new climate finance goal at COP29 and the US is “viewed as crucial to that”. (Carbon Brief is hosting a free webinar today at 15:30 GMT to discuss the implications of Trump’s victory.)

COP16 ends in disarray

UNRESOLVED: The two-week COP16 biodiversity summit in Cali, Columbia ended “in disarray” on Saturday, reported the Guardian, with “some breakthroughs but key issues left unresolved”. It concluded “in confusion” after the talks ran over by almost 12 hours on Friday, with governments still failing to reach a consensus on issues, such as nature funding and how targets over the next decade will be monitored, the article added.

CALI FUND: Climate Home News said “some progress had been made” at COP16, including the establishment of a new “Cali Fund”. It continued: “They also created a new permanent body for Indigenous people, granting them formal power to influence decisions made under the UN biodiversity convention. But no common ground was found on the most pressing issue facing governments: how to close the gap in biodiversity finance.”

BIODIVERSITY PLANS: Carbon Brief’s team of specialist journalists at the summit published a 13,000-word summary explaining all the key outcomes of COP16. The article highlighted that, by the summit’s end, just 44 out of 196 parties involved – 22% – had come up with new biodiversity plans. Additionally, the CB team held two webinars – one in English and one in Spanish – discussing the summit’s outcomes.

Around the world

  • SKIPPING COP: Leaders from key countries including the EU’s Ursula von der Leyen, the US’s Joe Biden, France’s Emmanuel Macron, Canada’s Justin Trudeau, South Africa’s Cyril Ramaphosa, Brazil’s Luiz Inácio Lula da Silva and Australia’s Anthony Albanese are going to skip the COP29 climate summit in Baku, Azerbaijan, Politico reported. India’s Narendra Modi and China’s Xi Jinping also are not expected to attend, a recent New York Times article noted. Germany’s Olaf Scholz has also said he will not go. (See below.)
  • RED ALERT: RTÉ reported that Spanish prime minister Pedro Sanchez announced a €10.6bn plan to help flooding victims, while the Times reported that Barcelona was placed on red alert, as the country’s deadly flooding continued. Elsewhere, “unprecedented” floods in eastern Senegal have displaced more than 56,000 people and devastated harvests, reported Le Monde
  • CARBON BORDER TAXES: China, on behalf of the BASIC country group, requested that countries at COP29 discuss carbon border taxes and other “unilateral restrictive trade measures” it says are harmful to developing countries, according to Reuters.
  • CANADA CAP: The Canadian government issued draft regulations on greenhouse gas emissions from the oil and gas sector, which would cap emissions at 35% below 2019 levels by 2030, Reuters reported.
  • GERMAN COALITION CRUMBLES: Germany’s coalition government under Olaf Scholz was on the verge of collapse, leaving a “host of unfinished policy proposals that risk grinding to a halt”, including those relating to climate and energy, according to Clean Energy Wire
  • WARMEST YEAR: BBC News reported that 2024 is now “virtually certain” to be the world’s warmest year of record, according to projections by the European Copernicus Climate Change Service. See Carbon Brief’s detailed analysis of the latest data. 

$1.2 billion

The amount investors are estimated to have made from running bets against – “shorting” – renewable-energy stocks in the wake of Trump’s election, according to the Financial Times.


Latest climate research

  • The climate conditions that drove extreme wildfires in the southwest of France in June 2022 were made twice as likely by human-caused climate change, according to a study in npj Climate and Atmospheric Science
  • A paper in Nature Geoscience found that weaker Atlantic meridional overturning circulation (AMOC) could “exert a systemic impact on the Amazon”.
  • New research published in npj Climate and Atmospheric Science explored how “ecological fear” shapes attitudes to climate change across the US political spectrum. 

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

Captured

To reach 'clean power' by 2030 the UK needs to double onshore wind capacity, triple offshore wind and solar, and massively ramp up flexibility and storage

Great Britain’s National Energy System Operator (NESO) found that England, Wales and Scotland, collectively, will need to double onshore wind capacity, triple offshore wind and solar and increase battery storage and flexibility capacity fivefold to achieve clean power in 2030. Doing so would allow the country to become a net exporter of power and cut the share of unabated gas on the system from 35% to below 5%, which NESO said would meet the government’s “clean power by 2030” target. The report concluded that clean power by 2030 is a “huge challenge, but is achievable”.

Spotlight

The origin story of the $100bn climate-finance goal

Michael Jacobs, professor of political economy at the University of Sheffield and visiting senior fellow at ODI Global, plus a former special adviser to UK prime minister Gordon Brown, explains the origins of the $100bn climate finance goal ahead of COP29.

Michael Jacobs, professor of political economy at the University of Sheffield and visiting senior fellow at ODI Global.

This year’s UN climate conference, COP29 in Baku, Azerbaijan, will be dominated by negotiations over the “new collective quantified goal” (NCQG), the finance target for the funds that will be channelled to developing nations over the next decade to help them tackle climate change.

The NCQG is often described as the successor to the $100bn-per-year climate-finance goal agreed at COP21 in 2015, alongside the Paris Agreement. In the sense that that goal formally runs out in 2025, and the NCQG will come into force in 2025, this is a fair description. But the $100bn came about through a very different process.

In fact, the NCQG represents the first time in the history of UN climate negotiations that countries have tried to negotiate a quantitative finance goal.

Where did the $100bn goal come from?

Then UK prime minister Gordon Brown first proposed the $100bn per year target in a speech in June 2009, in the run-up to COP15 in Copenhagen. At that point, developing countries were asking for climate finance of $300-400bn a year and developed ones thought they could afford $30-40bn.

Anxious that there would be no agreement, Brown asked his team to come up with a number based on estimates of climate needs in developing countries made by British economist Nick Stern and to which the UK could afford to contribute its share.

They suggested $100bn, envisaging that around half of this could come from public finance (both bilateral aid and via multilateral development banks) and half from the private sector, particularly through the Clean Development Mechanism.

Brown sought to persuade both developed and developing country leaders that $100bn by 2020 represented a feasible compromise.

EU leaders agreed on it in October 2009. In November, it was taken up by Meles Zenawi, prime minister of Ethiopia, then chair of the African group of nations. Having first resisted it, the US announced towards the end of COP15 that it too would accept it.

As a result, it was included in the Copenhagen Accord, the agreement negotiated by a group of around 30 leaders, ministers and officials, which was “taken note of”, but not formally adopted at the final COP15 plenary session.

At Zenawi’s insistence, the agreement also included a “fast-start” commitment to $30bn in the period 2010-12.

Almost all of the Copenhagen Accord, including the $100bn goal, was formally adopted at COP16 in Cancun the following year. The text (paragraphs 98-99) “recognises” the commitment made by developed countries to “mobilising jointly” $100bn per year by 2020 “in the context of meaningful mitigation actions and transparency on implementation”, plus agrees that this “may come from a wide variety of sources, public and private, bilateral and multilateral, including alternative sources”.

It remained a collective commitment made by the 23 “developed” countries, with no further specification on how the sum should be distributed between donors or between public or private sources, on what it should be spent, or to whom it should go.

Though agreed under the UNFCCC, at no point in any of these processes was the number subject to formal negotiation.

The ‘dog that didn’t bark’

In the run-up to the Paris COP in 2015, there were attempts by some developing countries to reopen the $100bn number. But, because the Paris Agreement was expected at that time only to take effect from 2020 – and the $100bn goal was for that year – these attempts did not get very far.

In practice, the $100bn in Paris was the “dog that didn’t bark”. Though the Organisation for Economic Co-operation and Development (OECD) methodology being used by developed countries was widely contested, the Paris text maintained both the $100bn figure and the language of “mobilisation” (meaning that private finance is included if it has come about through the leverage of developed country public finance).

The only effective negotiated outcome in Paris was to extend the $100bn as the annual goal from 2020 to 2025 and to set this as the floor for the NCQG from 2025 onwards.

The adoption of the $100bn might be thought of as a strange way to agree such an important figure. Negotiating the NCQG formally is certainly proving much harder.

Watch, read, listen

CLIMATE HISTORY: Interdisciplinary project Monsoon Voyages melded history with climate science in an effort to enhance our understanding of long-term climate changes and their impacts.

ATTENBOROUGH’S ASIA: In a new seven-part series on BBC, Sir David Attenborough explored the “wildlife and natural wonders of our planet’s largest continent”.

CLIMATE OPTIMISTS: A new podcast called Solving for Climate has data scientist Hannah Richie and “sustainability nerd” Rob Stewart unpacking potential climate solutions.

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 DeBriefed 8 November 2024: Trump wins; COP16 ‘disarray’; Origin story of ‘$100bn’ climate-finance goal appeared first on Carbon Brief.

DeBriefed 8 November 2024: Trump wins; COP16 ‘disarray’; Origin story of ‘$100bn’ climate-finance goal

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Climate Change

Fossil fuel expansion threatens COP31 hosts’ credibility, experts warn

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Türkiye and Australia risk losing their credibility as hosts of this year’s COP31 UN climate summit if they keep betting on fossil fuels at home, climate policy experts have warned. 

As governments are expected to continue fraught talks over how to advance the global transition away from oil, coal and gas in Antalya this November, both of the co-host countries are pursuing fossil fuel expansion at home, without a national timeline to phase out their use.

Türkiye has accelerated its rollout of wind and solar energy in recent years. But that progress has yet to make a dent in the country’s dependence on fossil fuels for power, as demand growth has outpaced the renewables build-out, new analysis by Climate Action Tracker (CAT) has found.

The share of electricity generated by burning coal and fossil gas – 56% in 2025 – has barely changed since 2019, and total fossil fuel use in the power sector, and the emissions it produces, are still rising, according to the report released on Friday.

The Turkish government has also signalled that fossil fuels will remain a central component of its energy mix and has outlined plans to expand the country’s burgeoning domestic gas production in the Black Sea.

‘Need to demonstrate seriousness’

Australia, which will chair the Antalya negotiations, relies on fossil fuels for over 60% of its electricity, with coal alone still supplying 45%. According to experts, it lacks an ambitious plan to shift away from fossil fuels at home, relying heavily on carbon offsetting to reach its climate targets.

Australia is also the world’s third-largest fossil fuel exporter and has plans to expand its coal and gas production, which is backed by significant government subsidies. It recently upset climate groups by approving an extension of the Saraji open-cut coal mine in Queensland.  

Türkiye says it has “final decision” at COP31 despite Australia running negotiations

Jennifer Morgan, a senior fellow with the Fletcher School of Law and Diplomacy at Tufts University and former climate envoy for Germany, said Türkiye and Australia need to demonstrate their seriousness about their COP presidency roles by leading by example on the energy transition.

“They have made progress in renewable energy,” she told reporters this week. “But I think their credibility – and their ability to therefore bring momentum and good outcomes to the COP – will depend on their taking further action at home.” 

Türkiye’s electrification homework

The co-hosts’ fossil fuel policies are being scrutinised in the run-up to the annual UN climate summit, with much riding on the signal climate diplomacy sends on the energy transition.

Türkiye has so far stopped short of putting any overt political capital behind the fossil fuel transition itself. It has instead been rallying support for a new global electrification target of 35% by 2035, seen as the centrepiece of this year’s non-negotiated Action Agenda put forward by Ankara.

Electrification emerges as COP31 priority

COP31 president Murat Kurum said last week the push to electrify economies – through measures like electric vehicles and heat pumps – will “automatically” lead to a reduction in the use of fossil fuels.

Türkiye’s own energy plan projects the country’s electrification rate would fall short on the global target and only hit 25% by 2035, according to the CAT report, which called for a “substantial step-change” in electrification policies and the deployment of more renewable power and grid infrastructure. 

Coal still dominant

CAT’s analysts also warned that, without a parallel phase-out of fossil fuels, rising electricity demand risks being met in part by coal and gas, failing to deliver the emissions reductions the electrification target is meant to achieve. 

Türkiye has had some success in its clean energy build-out: the share of electricity generation from wind and solar rose to 22% in 2025, up from 12% in 2020, according to the CAT report.

But coal’s role in Türkiye’s electricity mix has also grown, in both its share and absolute terms, over the past decade. And while reliance on fossil gas has declined overall, it still plays an important role in Ankara’s energy policy, which is pushing to boost domestic gas production in the Black Sea.

Pilot boats assist the Osman Gazi as it navigates the Bosphorus on its way to the Black Sea on May 29, 2025 in Istanbul, Turkey. The platform will dock at the Filyos Port in the Black Sea and will stay for a 20 year mission and will provide double the natural gas intake of Turkey to 20 million cubic meters per day. (Photo by Chris McGrath/Getty Images)

Pilot boats assist the Osman Gazi as it navigates the Bosphorus on its way to the Black Sea on May 29, 2025 in Istanbul, Turkey. The platform will dock at the Filyos Port in the Black Sea and will stay for a 20 year mission and will provide double the natural gas intake of Turkey to 20 million cubic meters per day. (Photo by Chris McGrath/Getty Images)

Dr Niklas Höhne from the NewClimate Institute said the government could demonstrate leadership as COP31 president by building on its recent successes in increasing its renewable energy capacity and announcing targets and plans to phase out coal and gas ahead of the summit.

According to CAT, Türkiye should phase out coal by 2040 and fossil gas by 2045 at the latest to align its power sector with global efforts to limit the rise in global temperatures to 1.5C above preindustrial times. 

Türkiye quiet on fossil fuel roadmap

Ümit Şahin, coordinator of climate change studies at the Istanbul Policy Center (IPM), said Türkiye’s strategy is to approach the fossil fuel debate exclusively from the “end-use point of view”.

“I don’t expect any push from the Turkish presidency to the producer countries in terms of fossil fuel production,” he told reporters.

Neither does Şahin believe the Turkish presidency will throw its political weight behind another big-ticket item for COP31: a new global roadmap to transition away from fossil fuels. 

Brazil took on the responsibility to voluntarily draft this document outside of the formal negotiations as a way to break the deadlock at last year’s UN summit in Belém when governments clashed over whether to develop one. 

The outgoing COP30 presidency will deliver the roadmap in early November – but it will be up to Türkiye and Australia to guide countries towards a decision on how the blueprint will be taken forward, either inside or outside the negotiations.

Leadership needed

Australia’s Chris Bowen, COP31’s president of negotiations, promised to lobby producing countries to deliver a “meaningful step forward” on the fossil fuel transition in an interview with The Guardian earlier this year. But he has been quiet on the role Australia sees for the fossil fuel transition roadmap. 

Natalie Jones, senior policy advisor at the International Institute for Sustainable Development (IISD), said the COP31 co-presidents “must provide clear leadership” on this process.

“This roadmap cannot be left in a dusty drawer,” she told journalists. “Rather, it must be translated into action, with all countries identifying what elements they can adopt or develop in their own national roadmap.”

    Like Türkiye, Australia has yet to produce a national blueprint for winding down coal, gas and oil. Rather than moving toward a phase-out, state and federal governments have kept expanding fossil fuel licensing over the past year, according to a new analysis published this month by Climate Analytics.

    Under existing policy, both coal and gas are on track to remain in Australia’s power system as late as 2050 – a trajectory the report defines as incompatible with the 1.5C limit the country says it’s committed to. 

    No binding end dates for the Netherlands

    Analysts are watching out for national transition roadmaps as a bellwether for governments that claim to be leaders in the global shift away from fossil fuels.

    The climate and environment ministers of Colombia and the Netherlands, which are co-hosting the Santa Marta conference, embrace on the podium during the high-level segment in Santa Marta, Colombia, April 28, 2026 (Photo: Colombia Ministry of Environment and Sustainable Development)

    The climate and environment ministers of Colombia and the Netherlands, which are co-hosting the Santa Marta conference, embrace on the podium during the high-level segment in Santa Marta, Colombia, April 28, 2026 (Photo: Colombia Ministry of Environment and Sustainable Development)

    The Netherlands, which co-hosted the first fossil fuel transition conference in Santa Marta this year, published its own domestic roadmap earlier this week. The document followed through on a pledge that “leadership on transitioning away from fossil fuels must be backed by concrete action, not just ambitious words”, said a spokesperson for Stientje van Veldhoven, the Dutch minister for climate policy.

    But experts criticised the plan for failing to set a binding end date for the country’s fossil fuel production and use. While targeting a rapid increase in renewables capacity, the Dutch government only commits to phasing out oil, gas and coal “in the energy and feedstock system to eventually zero, and to minimise fossil use” by 2050. 

    Yvo de Boer, a former Dutch diplomat and executive secretary of the UN climate body, said the Dutch roadmap falls short of what’s needed to give industry the confidence to deploy capital in support of the energy transition with greater predictability. 

    “Ultimately, a roadmap without deadlines is nothing more than a footpath paved with good intentions,” he added, writing on LinkedIn. 

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    Climate Change

    How clean energy can boost business for Africa’s food producers

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    Despite millions of dollars in grants and technical help for African businesses to power farming and other food production activities with renewable energy, most efforts remain stuck at the early stages because they struggle to find the investors, markets and expertise they need to grow.

    This was the message from a coalition of global institutions working on energy, water and agriculture at this month’s Africa Food Systems Forum in Kigali, Rwanda.

    “Energy, agriculture, water and nutrition actors rarely design solutions together,” the Agri-Energy Coalition said in a Call to Action on powering food systems with clean energy.

    Using more renewables – especially solar power – to drive food systems would reduce food losses, ensure year-round availability and affordability of healthy foods, and improve productivity, income and resilience among farmers, food processors and other small enterprises, the coalition added.

    In an interview with Climate Home News at the forum, Olamide Niyi-Afuye, CEO of the Africa Minigrid Developers Association (AMDA) – a body representing private-sector developers of small-scale, off-grid electricity systems across the continent – said its members are starting to recognise this interdependence and are increasingly considering businesses that combine energy with agricultural activities.

      This, Niyi-Afuye added, could lead to greater supply and use of clean power for key processes like irrigation, food processing and storage, creating new sources of revenue for both sectors.

      CHN: Conversations at the Africa Food Systems Forum highlighted how organisations working in energy and agriculture often operate in silos. What has hampered their collaboration, and how has that affected Africa’s economic development?

      A: Most mini-grid companies in Africa were primarily incentivised to achieve connections. If you look at some ongoing projects, you see a cost-per-connection model [of revenue]. When a subsidy is tied to achieving a connection, regardless of whether it is a productive connection, you might not notice the problem until five years down the line, when you realise the cash flows are not what you projected.

      Despite African walkout, fractious land COP ends without drought deal

      So now we’re in a “come-to-Jesus moment” as an industry, where we’re righting the wrongs and adjusting our business models to make sure companies do not go bust and there is some level of sustainability over the long term.

      The saying is not wrong that we’ve been working in our own silos because we’ve focused on the smaller things instead of the helicopter view. There needs to be cross-pollination [between the energy and agriculture sectors] because, if we are thinking about industrialisation, energy is a key driver of industrialisation. We will not achieve that if we’re not in the room and part of those conversations.

      CHN: Productive use of energy is intended to ensure electricity access goes beyond lighting homes to improving livelihoods, creating jobs and powering equipment. But what happens when farmers cannot afford the equipment they need to do that? How can energy, agriculture and equipment players work together to make the transition more accessible?

      A: That’s why we’re having conversations with companies set up to de-risk the agriculture sector. By leveraging that connection, we’re able to aggregate potential energy needs and develop instruments that make equipment more affordable through bulk procurement.

      We can have arrangements that make it easier for farmers and food producers to lease equipment and eventually own it over a period. There’s no real pressure to recover the capital very quickly because you’re looking at scale.

      Rice farmer Danjuma Okuwa adjusts his newly installed electric rice milling machine at his compound in Rukubi, Nasarawa, Nigeria, September 27, 2022. (Thomson Reuters Foundation/Afolabi Sotunde)

      Rice farmer Danjuma Okuwa adjusts his newly installed electric rice milling machine at his compound in Rukubi, Nasarawa, Nigeria, September 27, 2022. (Thomson Reuters Foundation/Afolabi Sotunde)

      There is a whole lot across the agricultural value chain that needs energy, from farming and harvesting to food processing and value-addition. We need to understand the energy needs across the value chain and bring our members in to provide solutions.

      Developers do not necessarily need to provide every productive-use solution themselves. They can partner with equipment suppliers, financiers, agribusinesses and other service providers to enable customers to use electricity productively. The objective is simple: do not just electrify communities; enable economic activity that uses that electricity.

      CHN: When Africa’s industrialisation is discussed, you hear things like renewables cannot provide enough baseload, while some food processors are sceptical about switching to renewable energy because of these concerns about reliability. What is your response?

      A: It’s not a controversial statement to say that a typical baseload is usually from the grid, and it’s usually from multiple sources including renewable energy. For large-scale operations, we can look at blending multiple sources of energy. But how do we solve the problem of a mid-sized farmer? We can solve it with a mini-grid using renewable energy.

      Comment: Every country needs a model to help optimise its energy transition

      If you go to a small farmer in a rural area, they don’t care about what source of energy they’re getting. They just want something that can help them get from A to B. If you look at the direct energy needs of farmers and food processors, I’m sure 90 percent of their consumption can be solved by renewable energy. Let’s start with that problem first. Then, as they scale, they might need to ramp up, and we can start talking about a bigger baseload.

      CHN: How much agricultural value is lost because farmers and food businesses lack reliable, affordable electricity?

      A: If you look at, for example, the fact that we need to maybe plant tomatoes or strawberries in Jos before it gets to Lagos [Nigeria], which most likely is by road, I can assure you that a good chunk, if not stored properly, would be bad by then. So the fact that we do not have energy is in itself a lost opportunity to maximise the potential of the agriculture sector. So until we’ve solved the energy problem, we will not salvage waste – and for me that is a lost opportunity.

      CHN: AGRA, an institution focused on scaling agricultural innovations to help smallholder farmers, estimates a massive shortfall between current investments in the continent’s food systems and what is actually needed to build a resilient, profitable agricultural economy – to the tune of $180 billion per year. Can integrating energy into food systems help bridge that gap?

      A: Yes – if energy can help unlock the potential to earn more money, investors will follow the money. Investments go where there is certainty, and until there is certainty around cash flow and revenue, investment will be limited.

      My vision is to see more Power Purchase Agreements (PPAs) being signed between energy players and the agriculture sector. We can start by getting people into the room, understanding their pain points, crafting a framework and documentation that works for both parties, and then seeing deals happen.

      This interview was shortened and edited for clarity.

      The post How clean energy can boost business for Africa’s food producers appeared first on Climate Home News.

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      Climate Change

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

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      Cristina Rumbaitis del Rio is a senior advisor on adaptation and resilience with the United Nations Foundation and Mattias Söderberg is global climate lead at Danish NGO DanChurchAid.

      Recent extreme events – from wildfires and heatwaves in Europe to flash flooding following a glacier collapse in Nepal – have shocked and devastated communities, bringing years of warnings about such climate impacts to the doorstep of communities around the world.

      One thing is certain: the new climate reality is here – and the adaptation strategies designed for yesterday’s world are no longer sufficient.

      Attribution science has since shown that the hotter and more frequent heatwaves we’re experiencing around the world would have been virtually impossible without today’s high concentrations of greenhouse gases in the atmosphere. Climate shocks are now so severe that they reverberate through supply chains, food and water systems, financial markets and the movement of people.

        They must be a catalyst for a new way of thinking about adaptation and resilience, and how we finance solutions that work. A failure to invest in adaptation in one region can create costs far beyond it, which is why the concept of shared resilience is critical for leaders to grasp.

        Investment not charity

        At the UN General Assembly (UNGA 81) this month, leaders have an opportunity to translate today’s urgency into concrete commitments on adaptation and loss and damage finance ahead of COP31.

        Those commitments are needed to underpin global stability, shared prosperity and human security. Governments should use this moment to show what a new response looks like: finance that reaches communities faster, supports locally grounded solutions, strengthens national systems, and helps countries prepare before the next shock arrives.

        If we want sustained economic growth, food and water security, and resilient and prosperous societies across every region, adaptation must be at the heart of today’s development and security agenda. It cannot be just a future planning consideration or a narrow issue for climate ministries. Adaptation is now everyone’s business – and it must be financed fast and fair.

        UN Secretary-General António Guterres has repeatedly framed climate finance as an investment rather than charity, warning that “a world in climate chaos cannot be a world at peace” and describing human security as freedom from the chronic and sudden disruptions that climate change multiplies.

        What’s more, adaptation delivers a real return-on-investment, with researchers estimating that every dollar invested produces $10 in benefits, saving lives, protecting livelihoods, and reducing the costs of future disasters.

        Hitting adaptation limits

        The urgency to scale adaptation systematically is growing. The newly released “Limiting Overshoot” report from the UN Environment Programme (UNEP) confirms what scientists have long warned: exceeding global warming of 1.5C is now unavoidable under current policies. Yet, how high temperatures rise – and how long the world remains above the 1.5C threshold – will determine whether communities, economies and entire ecosystems can keep pace.

        There are limits to adaptation. When we breach those limits, lives and livelihoods are lost, and people and ecosystems suffer greatly. We cannot simply build yesterday’s infrastructure a little stronger and assume it will be enough.

        Nepal flood destruction shows “limits to adaptation”, scientists say

        We need to fundamentally change the systems that determine how societies anticipate, absorb and recover from both immediate and evolving non-linear climate shocks. This includes transforming physical systems, such as infrastructure, and the governance systems that affect where and how we live to how we maintain our health and wellbeing.

        Finance today is nowhere near the scale of the challenge.

        The UNEP “Adaptation Gap Report 2025” estimates the shortfall in adaptation finance in developing countries at $284 billion–$339 billion a year – roughly 12 to 14 times current international public flows of around $26 billion. That gap is a development, economic and human security problem, especially for the most vulnerable populations who have contributed the least to causing the climate crisis.

        Building resilience into financial systems

        There are already signs of what a more systemic adaptation response could look like. Communities around the world are delivering practical solutions at local level, even as adaptation finance remains notoriously, and appallingly, difficult to access. Cyclone-resistant homes, local forecasting capacities, drought-resistant crops, heat insurance for pregnant informal workers and mangrove restoration are rooted in local knowledge and lived experience, while delivering benefits far beyond the communities where they originate from.

        But local innovation alone is not enough; the systems around it need to be resilient too.

        Jamaica offers one example. The country has built a multi-layered disaster-risk financing framework, including a catastrophe bond and contingency funds, through sustained fiscal discipline and proactive investment. Its debt-to-GDP ratio fell from around 147% in 2012 to around 62% in 202-25. That groundwork matters when disaster strikes.

        Hurricane Melissa’s destruction shows need for climate resilience push

        Following Hurricane Melissa, Jamaica was able to secure billions of dollars in reconstruction financing from multilateral banks – finance that might otherwise have been much harder to access. The lesson is clear: resilience can be built into the financial architecture of a country before a crisis arrives. That is the shift we now need to make at scale.

        The foundations already exist – in Kingston’s fiscal reforms, in early-warning systems from the Sahel to the Pacific, and in every community that adapted before disaster struck. What is still missing is the political will, and the finance, to take what works and put it to work everywhere, at the speed our world’s new climate reality demands.

        To hear more on this issue from high-level officials and experts, sign up for this event during Climate Week NYC, at 8am EDT on September 24 (in person or online), moderated by Climate Home News Editor Megan Rowling: Adapting to the New Climate Reality: Why Accelerating Impacts Demand New Responses.

        The post Human security relies on adapting to the world’s new climate reality appeared first on Climate Home News.

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