Sunday November 17th was the official day of rest for COP29 participants as negotiations stalled, the pavilion chaos closed its doors, and sessions ceased for the entire day. The result: the city of Baku was bustling to accommodate the sudden extreme influx of tourists and foreigners looking to explore the city all at once. I was among them, looking to enjoy some sight seeing and I set my sights on the historic Old City area.
After 1 full week in Baku I am finally getting a handle on how to navigate the city. Maybe. But Old City was a challenge as the cobblestone roads weave in and out of one another irregularly, most roads too narrow to accommodate more than a single person to pass. But it is certainly beautiful.
Excited to give my COP29-overloaded brain a break, I decided to visit the National Museum of History of Azerbaijan which is located just outside of the Old City. My favorite exhibitions were the ancient pottery samples which provided a window into the daily workings of Azerbaijani life going back to Neolithic times. As I moved through the exhibits, getting closer and closer to contemporary times, I noticed I was enjoying myself a little less the closer I got to today. As the exhibits’ foci shifted from historical intrigue to modern socio-political landscapes, modern war, and economy I became reminded of the reality of historical trauma that the global proletariat have endured under oppressive regimes the world over.
I learned that the very first oil industry began in Baku, Azerbaijan. As early as the 1200’s, famous Venetian traveler Marco Polo recorded his chancing upon what is thought to be an oil well in Azerbaijan. The Azerbaijanis used to procure oil for use in burning and fire, an effect of combustion and a very early precursor for the use of oil in combustion engines and global transport. According to the United Nations, fossil fuels account for over 75% of greenhouse gas emissions as well as over 90% of carbon dioxide emissions globally.
It was not lost on me how ironic it was that I traveled halfway across the world for COP29, with a mind to dismantle the global reliance on fossil fuel usage, without realizing I was also on a pilgrimage to the source of the oil industry itself.
In 1806 the Russian Empire occupied Baku and began a monopoly on Azerbaijani oil. At the National Museum of History of Azerbaijan the exhibit showcasing this time period said in plain terms: The Russian Empire exploited Baku’s oil resources, exporting Baku oil products to Russia while providing no compensation to Azerbaijan in the process. And as Vladimir Lenin famously said, ‘Soviet Russia cannot survive without Baku oil.’ — resulting in the Russians Red Army occupation of Azerbaijan until its fall in 1991. Azerbaijan finally claimed independence in 1991.
A large cause of social turmoil, oppression, and exploitation of Azerbaijan throughout history has to do with their access to a valuable commodity gifted to this area through the natural resources located on this land. Learning the history of Baku and the exploitation of land here led me to think about something I noticed at COP29 this past week that has been on my mind: the expansion of ecotourism and the well meaning greenwashing of colonial exploitation.
In many discussions occurring at COP29 this year there is a focus on solution building and how the proverbial ‘we’ will fund sustainable climate mitigation and adaptation movements. As the United Nation likes to point out, the first and worst effects of the global climate crisis are being felt by the Indigenous peoples of the world. Right now, our island relatives are already navigating devastating losses of natural habitat and shifting geography resulting in further degradation of traditional ecological knowledge systems.
The irony is that many of these island communities also support a disproportionate fraction of global tourism. In an effort to experience paradise, the Global North flock to island communities and spend portions of their salaries in these places in the process. Many sessions and government entities are now proposing efforts and techniques to expand this spending power to allow for further economic stimulus in these communities so that they may have an easier time supporting their climate adaptation efforts.
While I will never knock a hustle on the part of the Indigenous folks looking to increase earning potential in their communities, I am alarmed that we are entertaining government representatives from the Global North who are actively proposing ways for the Global South to increase the exploitation of their natural resources in order to… save their natural resources?
Why is the burden of climate adaptation being placed upon communities that contribute to the climate crisis the least?
There are generational fishing traditions in Jamaica which cannot be practiced today due to hotels and resorts monopoly on beach front property. Delicate reefs are being compromised due to tourism. Native peoples in Tuvalu are watching their ancestral coastlines dissipate within their lifetimes. The burden of funding climate adaptation, cultural preservation and environmental protections should not fall upon those who have been burdened and exploited the most themselves. Us Native folks have already lost so much and continue to find our ways are compromised in the face of the climate crisis. It is time the Global North pay their equitable share. Quit pretending these carbon credits will reverse the damage done and roll up your sleeves.
Antavia is a Climate Generation Window Into COP delegate for COP29. To learn more, we encourage you to meet the full delegation, support our delegates, and subscribe to the Window Into COP digest.
Antavia descends from the Mille Lacs Band of Ojibwe and grew up in South Minneapolis. She earned her associates degree at Minneapolis College as a Power of You scholar and continued her studies in chemistry at Metro State University as an Increasing Diversity in Environmental Careers Fellow, as well as abroad in Cuernavaca, Mexico as a Gilman International Scholar. Antavia has been a PhD student of chemistry at the University of Minnesota where she helped teach undergraduate analytical chemistry labs and spent time researching and synthesizing porous nanoparticles for PFAS phytoremediation as a 3M Science and Technology Fellow. In her work she develops and implements a STEM curriculum that honors and supports Indigenous ways of knowing and cultural protocol for Native American high school students in South Minneapolis. Her work in STEM educational equity has been shown to increase science interest and engagement for Indigenous girls in particular.
The post Ecotourism or Exploitation? appeared first on Climate Generation.
Adeline Rochet is a programme manager for the Corporate Leaders Group Europe, a business coalition driving the transition to a sustainable, competitive, and resilient economy convened by the University of Cambridge Institute for Sustainability Leadership (CISL).
Europe’s economy depends on the natural world functioning as it should, but the effects of climate change risk undermining increasingly delicate ecosystems. Talks about the European Union’s next long-term budget miss this fact.
Climate-related losses in the EU have already reached €822 billion since 1980, with a quarter of that damage concentrated in just the past four years. Ecosystems are under increasing pressure: more than 80% of protected habitats are in poor condition, soils are degrading and water stress is rising across the continent.
The latest state of the climate report by the EU’s Earth monitoring service Copernicus confirms this worrying state of affairs: 95% of Europe experienced above-average temperatures in 2025.
Economic exposure to nature-related risk is also growing. Businesses, banks and insurers are beginning to reflect this in their risk assessments.
So, will the policymakers in charge of developing the European Union’s next big budget integrate this vision? We are in the midst of finding out.
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Every seven years, the EU must negotiate a new budget that will help fund priorities over a seven-year-long period. The current one, which runs out next year, is worth more than a trillion euros.
Talks about the next multiannual financial framework (MFF) for 2028-2034 are now getting serious and the initial outline of this new budget shows it will focus on competitiveness, resilience and prosperity.
But, as the European Parliament adopted its negotiating position for the crunch budget talks and EU member states shape their approach ahead of a Council meeting on May 26, it is clear that the positioning of nature within this framework is strategically underestimated.
Why nature impacts economic growth
Back in 2022, France’s nuclear power output was severely affected when heatwaves drove up the temperature of the rivers used to cool atomic reactors, impacting other European countries too. This was particularly poor timing given the energy price crisis triggered earlier that year by Russia’s illegal invasion of Ukraine.
Low river levels caused by drought have also heavily impacted economic activity and growth in countries like Germany, due to the negative effect on inland trade, while degraded fields in the Netherlands combined with heavy rainfall have ruined potato harvests.
These examples show that we cannot detach the health of the European economy from the good functioning of nature.
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Nearly three-quarters of businesses in the eurozone rely directly on ecosystem services such as clean water, fertile soils and pollination. That dependency extends into the financial system, where around 75% of bank lending is exposed to companies dependent on these natural assets.
They entirely underpin supply chains and financial stability across the European economy. If load-bearing ecosystems collapse, businesses not only face disruption in their own operations, but they will also be exposed to failures from suppliers and customers.
This is not just a risk for individual companies, it is a threat for the whole system.
A budget that looks greener than it is
According to the latest proposals for the next MFF, a single 35% climate and environmental target will replace priorities that used to have distinct funding. As it stands, biodiversity has a 10% target, yet spending has struggled to reach even 8%, already showing how easily it is put to one side in practice.
In the new framework, biodiversity is absorbed into a broader category with no separate tracking or visibility. Dedicated instruments are folded into larger funding envelopes, and nature-based investments are placed in direct and distorted competition with industrial projects.
These are often faster to deploy and easier to measure, making them more attractive.
Headline figures reinforce some appearance of ambition, with €587–635 billion allocated to climate and environmental objectives. But since these are aggregated numbers, they do not show how much will reach ecosystem conservation or restoration.
Less visibility, weaker accountability
Biodiversity funding also remains structurally fragile, with around 80% concentrated in agriculture policy rather than supported by a diversified investment strategy.
This shift is structural: nature has been relegated from a defined priority to a mere discretionary allocation, and the governance model reinforces this dynamic.
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Greater reliance on National and Regional Partnership Plans (NRPPs) moves decision-making into national spending choices, where fiscal and domestic political pressure will likely mean long-term ecosystem investments struggle to compete with short-term economic demands.
The current MFF paints a worrying picture of structural triple risk for nature: reduced visibility, increased competition for funding and weaker accountability.
Nature is critical infrastructure
It is a point worth reiterating: investment in nature offers clear economic returns. Healthy ecosystems drive resilience by reducing exposure to climate damage and supporting local economic activity.
Public finance plays a decisive role in enabling these investments at scale, making budget design a question of risk management and capital allocation.
Nature-based solutions already perform essential economic functions. They regulate water systems, restore carbon sinks, provide a buffer against extreme weather events and support agricultural productivity.
These are characteristics of infrastructure. Energy systems, transport networks and digital capacity are treated as strategic investments because they underpin competitiveness.
Natural systems play the exact same role, so why does the current budget plan not reflect this?
The next EU budget will shape investment for the decade ahead. Its structure will determine how risks are managed and where capital flows. Nature cannot be erased in favour of competing short-term priorities.
In the upcoming negotiations, European leaders still have the option to treat nature as a structural objective and a core asset, supporting Europe’s resilience and long-term competitiveness. But they must act now, before it’s too late.
The post Nature cannot be ignored by Europe’s next big budget appeared first on Climate Home News.
https://www.climatechangenews.com/2026/05/25/nature-cannot-be-ignored-by-europes-next-big-budget/
Climate Change
In Florida, an Agricultural Town in Need of an Economic Boost Eyes Hyperscale Data Centers
Across the state’s heartland, communities such as Indiantown are weighing proposals for hyperscale data centers. The massive facilities would reshape Florida’s rural lands.
INDIANTOWN, Fla.—Carroll McAllister frets over the prospect of a hyperscale data center opening next to the grassy expanse where she grew up, in a shack her father built.
In Florida, an Agricultural Town in Need of an Economic Boost Eyes Hyperscale Data Centers
Anaerobic digester loans showed “significant delinquency rates,” the U.S. Department of Agriculture said, while environmental groups see the technology driving an expansion of large-scale animal farming operations.
The federal government’s pause on new loans for anaerobic digesters, the controversial method of converting animal manure from large-scale feeding operations into biogas, will now extend through the end of the year.
USDA Extends Pause on Loans for Controversial Digesters That Turn Manure Into Biogas
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