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Developing countries will need to spend between $310 billion and $365 billion per year on measures to adapt to climate change impacts by 2035, a UN report showed on Wednesday, warning of a massive funding shortfall as wealthy governments pare back their support.

The latest estimate of developing countries’ annual climate adaptation needs outstrips current funding by at least 12 times, with rich nations providing just $26 billion in 2023, according to the UN Environment Programme’s (UNEP) annual Adaptation Gap Report.

Commenting on the report, UN Secretary-General António Guterres called the funding gap “a failure of global solidarity [which] is measured in flooded homes, failed harvests, derailed development – and lost lives”. “As the climate crisis deepens and costs climb, the world must move much faster to match rising needs,” he added.

The UNEP had previously estimated annual climate adaptation needs at between $215 billion and $387 billion a year by 2030, saying the 2035 estimate was narrower because of better modelling and data on the cost of planned measures to adapt to more extreme weather and rising seas.

Most of the money would be used by developing countries to protect infrastructure, agriculture and healthcare systems, and prevent coasts and rivers from flooding, the report found. The authors added that their estimate was likely conservative because climate-driven disasters such as wildfires and the cost of air-conditioning to deal with heatwaves were excluded from the analysis.

Upper-middle-income countries – a category that includes populous nations like China, Brazil and Mexico – account for about two-thirds of the estimated funding needs. Lower-middle-income and low-income countries will require most of the rest, with a small amount needed for high-income developing countries such as Saudi Arabia and Barbados, the report said.

Global South nations have long pushed in UN climate negotiations for Global North countries that historically bear the greatest responsibility for climate change to give them more money to withstand its effects. At COP26 in Glasgow four years ago, governments agreed to “urge” developed countries to double their adaptation finance between 2019 and 2025.

Can COP30 mark a turning point for climate adaptation?

But UNEP’s report warns that this target “will be missed if current trends continue”. Meeting it would require adaptation finance of at least $40 billion in 2025, but international adaptation finance from donor countries fell from $28 billion in 2022 to $26 billion in 2023, UNEP said. Data on 2024 funding has not yet been released.

In her introduction to the report, UNEP Executive Director Inger Andersen wrote that “many more people will suffer needlessly” if the goal to double climate adaptation financing is missed.

A recent report by development agencies Oxfam and CARE Climate Justice Centre predicted that because of cuts to aid budgets by governments including the US, Britain, Germany and France, adaptation finance will be stuck at $26 billion in 2025, leaving developed countries far short of their goal.

Adaptation high on the agenda at COP30

Adaptation is set to be a key theme of the upcoming COP30 summit in Brazil. Governments will negotiate dozens of indicators to track how well countries are adapting to climate change, as part of the new Global Goal on Adaptation. This could include finance targets – although developed countries have resisted this.

The world’s poorest nations – known as the Least-Developed Countries (LDCs) – are leading a push for a new goal to triple adaptation finance by 2030 to about $100 billion a year. Announcing this push at the mid-year climate talks in June, LDC chair Evans Njewa said “adaptation is a lifeline”, adding that he expected other developing countries to join their call for a new, higher goal.

Climate adaptation can’t be just for the rich, COP30 president says

Speaking a day after Hurricane Melissa devastated Jamaica, Guterres called on the private sector to “step up” and invest far more in resilience and adaptation. The report said the private sector can invest in adaptation through measures such as installing air-conditioning in factories and mechanising outdoor work.

Guterres added that multilateral development banks should “mobilise far more private affordable finance and devote half of their climate funding to adaptation”. Most of the lenders spend more on emissions-cutting than adaptation.

Public adaptation finance should also become faster and simpler to access, Guterres said, adding that every person on earth should be protected by an early-warning system for disasters by 2027 – a goal set by the UN in 2022.

“Adaptation is not a cost – it is a lifeline,” he said. “Let us not waste another moment.”

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COP30 Bulletin Day 8: Draft decision draws battle lines on fossil fuel transition, finance and trade 

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Hopeful that countries can agree on a Belém “political package” by tomorrow when President Lula comes to town, Brazil’s COP30 presidency has drawn up the first draft of a text intended to form the backbone of a deal. 

The “Mutirão” decision – which the summit’s hosts insist is not a cover text – delves into the four big issues that, although not formally on the agenda, have dominated the discussions in the humid Amazon city: emissions-cutting ambition, country’s climate plans, finance and trade.

The draft contains a menu of options reflecting a wide range of positions on the thorniest issues at stake, exposing the divisions between governments and the strong diplomatic push still needed to get an agreement over the line.

David Waskow, director of the international climate initiative at the World Resources Institute, said each bundle of options on the key topics contains both stronger and weaker elements, and countries now face a clear choice. They can get behind “the stronger elements and really reinforce the more ambitious potential outcomes or move in a weaker direction and water down what they come away with from Belém,” he added.

Mutirão decision for COP30 seen weak on fossil fuel roadmap

On efforts to cut greenhouse gas emissions, a decision could encourage countries to build on the landmark COP28 agreement and convene a roundtable aimed at supporting countries to develop “just, orderly and equitable transition roadmaps”, including on reducing dependency on fuels and stopping deforestation. That appears to refer to domestic blueprints and stops short of advocating for a global roadmap to transition away from fossil fuels which more than 80 countries are now calling for. 

A second option, which analysts described as weaker, only invites countries to share opportunities and “success stories” on the transition towards “low carbon solutions”. There is a third option for no text.

The transition away from fossil fuels gets another mention in the section on how to respond to a shortfall in ambition in countries’ new national climate plans (NDCs) submitted this year.

Africa wants wiggle room on energy transition as funds fall short

The first option would see the creation of an annual forum to consider the UN’s official review of emission-cutting targets, known as a “synthesis report”, with the goal of “accelerating action” around the three energy-related outcomes agreed at COP28 in Dubai: tripling renewable energy capacity, doubling energy efficiency and transitioning away from fossil fuels in energy systems. All of those objectives are currently lagging behind.

Another option in the draft Mutirão” decision would instead see the establishment of a “Global Implementation Accelerator”, a voluntary initiative overseen by this year’s and next year’s COP presidencies to accelerate the implementation of commitments and support countries in turning NDC promises into action.

Under a third option, the COP30 and COP31 presidencies would coordinate the creation of a “Belem Roadmap to 1.5”, identifying ways to put the world back on track towards reaching the most ambitious temperature goal of the Paris Accord – which the UN has conceded will inevitably be breached, at least temporarily. The presidencies would produce a report summarising their work by COP31 next November.

Cosima Cassel, programme lead at UK think-tank E3G, said the current options should not be mutually exclusive and a strong outcome would include a combination of an annual stocktake on filling the ambition gap and a roadmap to wean the world off fossil fuels.

“For that to happen, the presidency will need to work hard to ensure the finance and adaptation package is robust enough to support enhanced NDCs,” she added.

Finance remains wide open, adaptation in focus

On adaptation finance, the draft text includes a proposal to triple the support provided by wealthy nations to help developing countries strengthen their resilience to climate impacts.

The language could be interpreted in two ways: either as a new standalone target of delivering an additional $120 billion per year by 2030, as proposed by the Least Developed Countries (LDC) group, or as a sub-target within the broader £300 billion annual climate-finance goal agreed last year – something likely to be more acceptable to developed countries with shrinking aid budgets.

There is also a weaker option that only goes as far as acknowledging the need to “dramatically scale up adaptation finance” and provide public and grant-based resources that do not come with strings attached or costly repayments.

After climate memo row, Gates gives $1.4bn to help farmers cope with a hotter world

On wider finance issues, the document features a sweep of options. There is the possibility of creating a three-year work programme and “legally-binding plan” on the implementation of Article 9.1 of the Paris Agreement, which requires rich nations to stump up cash for climate action in the developing world. That is something most developing countries have been calling for, but is highly unlikely to fly with industrialised nations.

Another option would see countries draw up four different roadmaps, including one aimed at building on the recommendations in the recently published Baku to Belém Roadmap, which charted a path to mobilise $1.3 trillion in annual climate finance for developing countries by 2035.

There is also an option for no text on finance.

Finding ways to talk about trade and climate

Proposals to tackle concerns over trade also feature prominently for the first time in a draft COP decision, after emerging economies like China and India led a pushback against climate-related mechanisms like the EU’s carbon border adjustment.

Li Shuo, director of the China Climate Hub at the Asia Society Policy Institute, said the final deal would need to include both a political message calling for an “open, free and fair” trading environment and the definition of a process with next steps to achieve that.

Brazil’s call for COP trade forum gets lukewarm response

The draft includes a variety of options on both fronts. On the implementation front, the text suggests that the COP30 and COP31 presidencies could organise workshops examining the links between trade and climate. It also raises the option of launching a new dialogue or platform at next year’s mid-year session in Bonn and at COP31 to further discuss trade-related issues.

Another alternative is for a UN summit and an annual dialogue “on the importance of an open and supportive international economic system in the context of sustainable development and poverty eradication”.

Li added that trade is expected to be one of the “pillar stones” of the COP30 outcome, but discussions are still very “open-ended” at this stage, and a lot more work needs to be done to find compromises over the coming days.

COP31 – Australia bid losing steam?

After a year-long standoff between Turkey and Australia bidding for the hosting rights for next year’s COP31, Aussie prime minister Anthony Albanese showed the first signs of backing down today, saying that a stalemate would “not send a good signal”.

Speaking at an event in Perth, Albanese said “if Turkey is chosen, we wouldn’t seek to veto that”, The Guardian reported.

COP’s host rotates every year by region, with next year belonging to the group of “West Europe and Others” – which includes Australia and Turkey. If no agreement is reached by the group, the conference would be held in Bonn, at UN Climate Change headquarters, under the standing Brazilian presidency.

Australia’s pavilion at COP30 is right next to Turkey’s – an interesting dynamic as the two battle it out to be the host of COP31 next year. (Photo: Megan Rowling)

Australia’s pavilion at COP30 is right next to Turkey’s – an interesting dynamic as the two battle it out to be the host of COP31 next year. (Photo: Megan Rowling)

Albanese said defaulting the venue to Bonn would send the wrong signal “about the unity that’s needed for the world to act on climate”. Environment minister Chris Bowen has said he wants to bring world leaders to Adelaide, in collaboration with Pacific countries.

A majority of voting countries in the group are supporting Australia’s bid, but Turkey has not withdrawn its bid with just a few days left until the end of COP30 – the deadline for choosing the next host city. COP32’s host, on the other hand, was settled last week, with Ethiopia winning the bid to host the 2027 conference in its capital Addis Ababa.

Pope keeps faith in 1.5C

The United Nations may have accepted that overshooting 1.5C of warming – at least temporarily – is inevitable – but God’s representative on Earth didn’t get the memo.

The new pope, Leo XIV, sent a video message to cardinals from the Global South gathered at the Amazonian Museum in Belém on Monday evening, saying “there is still time to keep the rise in global temperature below 1.5°C” although, he warned, “the window is closing.”

“As stewards of God’s creation, we are called to act swiftly, with faith and prophecy, to protect the gift he entrusted to us,” he said, reading from a sheet of paper in front of a portrait of the Vatican.

And he defended the 10-year-old Paris Agreement, saying it has ”driven real progress and remains our strongest tool for protecting people and the planet.” “It is not the Agreement that is failing – we are failing in our response,” he said. In particular, the American Pope pointed to “the political will of some.”

Pope Leo XIV becomes pope on May 9 2025 (Photo: Mazur/cbcew.org.uk)

Pope Leo XIV becomes pope on May 9 2025 (Photo: Mazur/cbcew.org.uk)

“We walk alongside scientists, leaders and pastors of every nation and creed. We are guardians of creation, not rivals for its spoils. Let us send a clear global signal together: nations standing in unwavering solidarity behind the Paris Agreement and behind climate cooperation,” he emphasised.

UN climate chief Simon Stiell welcomed the message, adding that the Pope’s words “challenge us to keep choosing hope and action, honouring our shared humanity and standing with communities all around the world already crying out in floods, droughts, storms and relentless heat”.

War’s carbon footprint grows but stays off the books

During the Leaders’ Summit that happened just before COP, Brazilian President Luiz Inácio Lula da Silva referred to ongoing conflicts around the world, saying that “spending twice as much on weapons as we do on climate action is paving the way for climate apocalypse”. “There will be no energy security in a world at war,” he added.

But COP30’s schedule doesn’t appear to reflect his concerns, as there’s no mention of any peace initiative on the official schedule and no thematic day for peace, a marked difference from COP28 and COP29, when Baku called for a global truce for the summit’s duration. It didn’t produce the desired result.

And yet discussions about militarism and what it is costing the planet have not been absent from the COP30 halls. The first week saw the publication of ‘Accounting for the uncounted: The global climate impact of military activities’, an analysis by a group of civil society organisations and the University of Warwick that showed how global armed forces produce 5.5% of all greenhouse gas emissions.

If counted as a country, they would be the fourth-biggest emitter, topped only by the US, China and India – and producing more emissions than the continent of Africa.

    Ellie Kinney, senior climate advocacy officer with the Conflict and Environment Observatory (CEOBS), one of the organisations behind the report, explained that, while the Paris Agreement made military emissions reporting voluntary, few countries fully comply.

    China and the US, the world’s two biggest military spenders, have ceased their partial reporting on them altogether: the US has not sent its annual report to UNFCCC this year, and China said its military emissions are “not occurring”.

    Yet the research findings are alarming: the Russia-Ukraine conflict has produced 237 million tonnes of CO₂ over three years, while the Gaza conflict has already surpassed the combined annual emissions of Costa Rica and Estonia. The Afghanistan war was responsible for a staggering 400 million tonnes CO₂, and the EU’s rearmament could lock in 200 million tonnes of CO₂ mainly through the production and transportation of weapons, an activity that uses steel and aluminium, which are very carbon-intensive to produce.

    Ana Toni, COP30’s CEO, said back in March that countries that increase their military budgets should also increase their climate spending or face more wars in the future. “Wars come and go. Unfortunately, climate change is there for a long time,” she added.

    The European Parliament used its annual COP resolution this year to call on the defence sector to help tackle climate change by cutting its emissions intensity and urged EU decision-makers to formulate a proposal to increase the transparency of military emissions accounting to the UNFCCC.

    Campaigners want military emissions reporting to be mandatory, especially after 2024 – the first calendar year to surpass the 1.5C temperature goal and, with 56 wars involving 92 nations, the year with the highest number of active conflicts since WWII.

    “We can’t have this future where defence comes at the cost of climate action,” Kinney of CEOBS said. “Military security is not the only security – climate action is part of our collective security, too.”

    A Munduruku Ingenous peoples’ demonstration (Photo UNFCCC/Diego Herculano)

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    COP Bulletin Day 8: Pope keeps faith in 1.5C

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    The United Nations may have accepted that overshooting 1.5C of warming – at least temporarily – is inevitable – but God’s representative on Earth didn’t get the memo.

    The new pope, Leo XIV, sent a video message to cardinals from the Global South gathered at the Amazonian Museum in Belém last night, saying “there is still time to keep the rise in global temperature below 1.5°C” although, he warned, “the window is closing.”

    “As stewards of God’s creation, we are called to act swiftly, with faith and prophecy, to protect the gift he entrusted to us,” he said, reading from a sheet of paper in front of a portrait of the Vatican.

    And he defended the 10-year-old Paris Agreement, saying it has ”driven real progress and remains our strongest tool for protecting people and the planet.” “It is not the Agreement that is failing – we are failing in our response,” he said In particular, the American Pope pointed to“the political will of some.”

    “We walk alongside scientists, leaders and pastors of every nation and creed. We are guardians of creation, not rivals for its spoils. Let us send a clear global signal together: nations standing in unwavering solidarity behind the Paris Agreement and behind climate cooperation,” he emphasised.

    UN climate chief Simon Stiell welcomed the message, adding that the Pope’s words “challenge us to keep choosing hope and action, honouring our shared humanity and standing with communities all around the world already crying out in floods, droughts, storms and relentless heat”.

    Former US climate negotiators Trigg Talley and Todd Stern at COP30 on November 17

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     A fast, fair, full, and funded fossil fuel phaseout

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    I pause to write this letter in the middle of week one of the 30th UNFCCC Conference of the Parties — the big international climate conference, the space for multilateral decision making to save ourselves from ourselves and rein in the climate crisis. Day two photos showed that a torrential downpour left the blue zone entrance flooded. Mother Nature is present and making her anger known.

    This morning I also saw the announcement of Time Magazine’s 100 Climate leaders for 2025. At the top of the list I found the Global Head of Climate Advisory for JP Morgan Chase, Sarah Kapnick. I shook my head, thinking perhaps I was still asleep, and refocused. There it was indeed.

    JPMorgan Chase is the world’s largest financier of fossil fuels, having provided over $382 billion since the Paris Agreement, with $53.5 billion in 2024 alone. The bank faces criticism from scientists and activists for its continued large-scale investments, particularly in fossil fuel expansion. How does a person who works for such an institution end up being lauded as a hero working to resolve the climate crisis?

    Last week the Guardian released a report from Kick Big Polluters Out showing that over the past four years fossil fuel lobbyists have gained access to negotiation spaces at COP. The roughly 5,350 lobbyists mingling with world leaders and climate negotiators in recent years worked for at least 859 fossil fuel organizations including trade groups, foundations and 180 oil, gas and coal companies involved in every part of the supply chain from exploration and production to distribution and equipment. There are more fossil fuel lobbyists and executives in negotiations than delegates representing the most climate vulnerable countries on the planet.

    We’ve known since the late 1800s that greenhouse gas emissions warm the planet. In 1902 a Swedish chemist Svante Arrhenius calculated that burning fossil fuels will, over time, lead to a hotter Earth. But the fossil fuel industry followed Big Tobacco’s playbook and despite knowing the truth, waged a multi-decade, multibillion dollar disinformation, propaganda and lobbying campaign to delay climate action by confusing the public and policymakers about the climate crisis and its solutions. See this report from Climate Action Against Disinformation and the Exxon funded think tanks to spread climate change denial in Latin America.

    They’ve infiltrated our K-12 classrooms. The Oklahoma Energy Resources Board, a state agency funded by oil and gas producers, has spent upwards of $40m over the past two decades on providing education with a pro-industry bent, including hundreds of pages of curriculums, a speaker series and an after-school program — all at no cost to educators of children from kindergarten to high school. In Ohio students learn about the beauty of fracking. Even Scholastic, a brand trusted by parents and educators, has attached its seal of approval to pro fossil fuel materials. Discovery Education has also embedded pro oil propaganda into its science and stem free resources.

    There is no just transition, no possible way to keep our global temperatures to the limit agreed to in Paris ten years ago without a fast and fair phase out of fossil fuels. We know this is possible, during the first half of 2025, renewables generated more electricity than coal. As UN General Secretary António Guterres said in his opening remarks in Belem, “We’ve never been better equipped to fight back… we just lack political courage.”

    Next year, I hope that TIME’s Climate 100 is a list of indigenous climate activists from around the world, whose leadership has led us to find the political courage Guterres spoke of, the courage to do the right thing and phase out fossil fuels forever.

    Susan Phillips
    Executive Director

    Photo by Andrea DiCenzo

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     A fast, fair, full, and funded fossil fuel phaseout

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