The head of the United Nations climate arm has called for governments at mid-year talks in Germany to make “serious progress” towards setting a new climate finance goal for after 2025.
Calling climate finance the “great enabler of climate action”, Simon Stiell told negotiators at the start of the annual June session in the city of Bonn that they must come up with concrete options for the New Collective Quantified Goal (NCQG) on finance.
The goal is one of the main decisions expected from the COP29 UN climate summit in November in Azerbaijan’s capital.
“We cannot afford to reach Baku with too much work to do. So please, make every hour here count,” Stiell said on Monday in his opening speech to the June 3-13 conference.
Following delays caused by an unauthorised pro-Palestinian protest and a complaint from the Russian delegation that not all its members had received visas to travel to Germany, government negotiating blocs made statements revealing sharp divisions on who should provide climate finance and how much it should be.
South African & Argentinian climate justice activists Tasneem Essop & Anabella Rosemberg were removed & de-badged after peacefully demonstrating (standing & singing) to alert to the unfolding genocide in Palestine at @UNFCCC #BonnClimateConference opening plenary. pic.twitter.com/xUWXY8dilU
— Center for International Environmental Law (@ciel_tweets) June 3, 2024
While developing countries have repeatedly called for the current $100 billion-a-year goal to be replaced with “trillions”, developed nations have yet to propose any numbers for the target.
Several developing countries said that at least the bulk of the money should come from developed-country governments, whose responsibility it has been so far under the UN climate regime.
Developed countries, in turn, said some of it should come from the private sector and global taxes on carbon-heavy goods, as well as from the public purses of wealthier, higher-polluting developing countries.
Other divides that need to be resolved by November include a common definition of climate finance, the period the new goal should be set for, how funding flows should be monitored, and what the money should be spent on.
A longstanding target to provide $100 billion annually from 2020 was met only in 2022, according to the Organisation for Economic Coopreation and Development (OECD), two years later than the deadline developed countries agreed to back in 2009.
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Diego Pacheco, a negotiator from Bolivia, told the room in Bonn that the level of ambition on the new finance goal will affect developing countries’ level of ambition in their UN climate action plans – which all nations are supposed to publish by early next year. The NCQG will determine “how words translate into actions”, he said.
Billions to trillions
To date, very few governments have made precise demands on a top-line amount for the new goal – although all have agreed it will be set from a floor of $100 billion a year.
India and the Arab group of countries, led by Saudi Arabia, have said rich countries should provide at least $1 trillion a year, while other developing country governments have repeatedly pointed to needs reaching into the “trillions”.
At a press conference in Bonn, Michai Robertson, the lead finance negotiator for small island states, warned: “The cost of inaction if we don’t spend those trillions just far exceeds the seed money we’re putting in”. War and conflict “get trillions already”, he added.
He added that many developing countries have not yet specified a precise amount as they are doing modelling and waiting for a UN “needs determination report” which is due out in October, ahead of COP29.
In their speeches, neither the European Union or Canada gave any sense of how large the target should be.
Iskander Erzini Vernoit, founder of a Moroccan think-tank called the Imal Initiative, told journalists that developed countries have not been willing to enter into discussions about how much the goal should be.
Wide or narrow sources
Vernoit said the only dimension rich nations have been willing to discuss so far is “their proposal entailing money coming from sources other than themselves”.
The EU’s delegate said in Bonn that the money should come from “a wide variety of sources, instruments and channels including innovative sources while making all financial flows consistent with the Paris Agreement”.
“While we attach great importance to the public core of the new goal, public resources alone will not suffice,” the EU negotiator said.
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“Innovative sources” refers to a variety of money-raising proposals such as taxing billionaires, shipping emissions, planes and financial transactions. A French and Kenyan-led taskforce is currently examining these options.
Developed countries, including those in the EU, have highlighted Article 2.1c of the 2015 Paris Agreement on making finance flows, including private finance, consistent with tackling climate change. They are also pushing to widen the pool of government donors.
The EU negotiator added in Bonn that “the provision and mobilisation of climate finance should be a global effort, reflecting solidarity – notably with the most vulnerable countries and communities, and capturing the evolved global circumstances and the dynamic nature of economic capabilities”.
Developed countries have argued that, since developed and developing countries were last categorised by the UN in 1992, some developing nations have grown much richer and more polluting – and should therefore contribute to climate finance not receive it. China, the Gulf nations and South Korea are among the most prominent examples.
Speaking on behalf of a negotiating group that includes the US, Japan, the UK and Australia, Canada's negotiator said the new goal must be "multi-layered and incorporate all sources of finance - public and private, domestic and international - it should draw from the efforts of a broad set of contributors that reflects economic realities and capabilities".
However, speaking on behalf of the biggest group of developing countries, Uganda stressed the responsibility lies with the traditional set of developed countries.
Speaking through a translator on behalf of the Arab Group, Saudi Arabia's negotiator said the new goal must reflect "the responsibilities of advanced countries" based on the rules of the Paris Agreement.
Brazil's negotiator said public finance should be "at the very core" of the goal, and that climate finance should be defined so there is transparency and accountability on whether it has been provided as promised.
The OECD - a club of wealthy nations that last week announced the $100-billion target had been met - "does not have multilateral legitimacy" to make such judgements, she added.
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Referring to the OECD announcement, Bolivia's Pacheco said: "We see much exaltation in delivery of climate finance in the form of loans at market rates".
Over two-thirds of the climate finance recorded by the OECD came in the form of loans. Of the loans provided directly by governments, about one-fifth was offered at market rates, while nearly three-quarters of loans from multilateral development banks were categorised as non-concessional but still carrying better terms than commercial lenders.
Vernoit warned that developed countries were likely to get their way at the talks in Bonn unless the public - through civil society groups - raised "moral indignation about how the conversation is going".
"This is not a response to an emergency, it is not a response to any moral responsibility," he said.
(Reporting by Joe Lo, editing by Megan Rowling)
The post “Great enabler of climate action” – UN urges Bonn progress on new finance goal appeared first on Climate Home News.
“Great enabler of climate action” – UN urges Bonn progress on new finance goal
Climate Change
Guest post: Why 2024’s global temperatures were unprecedented, but not surprising
Human-caused greenhouse gas (GHG) emissions in 2024 continued to drive global warming to record levels.
This is the stark picture that emerges in the third edition of the “Indicators of Global Climate Change” (IGCC) report, published in Earth System Science Data.
IGCC tracks changes in the climate system between Intergovernmental Panel on Climate Change (IPCC) science reports.
In doing so, the IGCC fills the gap between the IPCC’s sixth assessment (AR6) in 2021 and the seventh assessment, expected in 2028.
Following IPCC methods, this year’s assessment brings together a team of over 60 international scientists, including former IPCC authors and curators of vital global datasets.
As in previous years, it is accompanied by a user-friendly data dashboard focusing on the main policy-relevant climate indicators, including GHG emissions, human-caused warming, the rate of temperature change and the remaining global carbon budget.
Below, we explain this year’s findings, highlighting the role that humans are playing in some of the fundamental changes the global climate has seen in recent years.

(For previous IGCC reports, see Carbon Brief’s detailed coverage in 2023 and 2024.)
An ‘unexceptional’ record high
Last year likely saw global average surface temperatures hit at least 1.5C above pre-industrial levels. This aligns with other major assessments of the Earth’s climate.
Our best estimate is a rise of 1.52C (with a range of 1.39-1.65C), of which human activity contributed around 1.36C. The rest is the result of natural variability in the climate system, which also plays a role in shaping global temperatures from one year to the next.
Our estimate of 1.52C differs slightly from the 1.55C given by the World Meteorological Organisation (WMO) state of the global climate 2024 report, published earlier this year. This is because they make slightly different selections on which of the available global land and ocean temperature datasets to include. (The warming estimate has varied by similar amounts in past years and future work will aim to harmonise the approaches.)
The height of 2024’s temperatures, while unprecedented in at least the last 2,000 years, is not surprising. Given the high level of human-induced warming, we might currently expect to see annual temperatures above 1.5C on average one year in six.
However, with 2024 following an El Niño year, waters in the North Atlantic were warmer than average. These conditions raise this likelihood to an expectation that 1.5C is surpassed every other year.
From now on, we should regard 2024’s observed temperatures as unexceptional. Temperature records will continue to be broken as human-caused temperature rise also increases.
Longer-term temperature change
Despite observed global temperatures likely rising by more than 1.5C in 2024, this does not equate to a breach of the Paris Agreement’s temperature goal, which refers to long-term temperature change caused by human activity.
IGCC also looks at how temperatures are changing over the most recent decade, in line with IPCC assessments.
Over 2015-24, global average temperatures were 1.24C higher than pre-industrial levels. Of this, 1.22C was caused by human activity. So, essentially, all the global warming seen over the past decade was caused by humans.
Observed global average temperatures over 2015-24 were also 0.31C warmer than the previous decade (2005-14). This is unsurprising given the high rates of human-caused warming over the same period, reaching a best estimate of 0.27C per decade.
This rate of warming is large and unprecedented. Over land, where people live, temperatures are rising even faster than the global average, leading to record extreme temperatures.
But every fraction of a degree matters, increasing climate impacts and loss and damage that is already affecting billions of people.
Driven by emissions
Undoubtedly, these changes are being caused by GHG emissions remaining at an all-time high.
Over the last decade, human activities have released, on average, the equivalent of around 53bn tonnes of CO2 into the atmosphere each year. (The figure of 53bn tonnes expresses the total warming effect of CO2 and other greenhouse gases, such as methane and nitrous oxide, using CO2 as a reference point.)
Emissions have shown no sign of the peak by 2025 and rapid decline to net-zero required to limit global warming to 1.5C with no or limited “overshoot”.
Most of these emissions were from fossil fuels and industry. There are signs that energy use and emissions are rising due to air conditioning use during summer heatwaves. Last year also saw high levels of emissions from tropical deforestation due to forest fires, partly related to dry conditions caused by El Niño.
Notably, emissions from international aviation – the sector with the steepest drop in emissions during the Covid-19 pandemic – returned to pre-pandemic levels.
The amount of CO2 in the atmosphere, alongside the other major GHGs of methane (CH4) and nitrous oxide (N2O), is continuing to build up to record levels. Their concentrations have increased by 3.1, 3.4 and 1.7%, respectively, since the 2019 values reported in the last IPCC assessment.
At the same time, aerosol emissions, which have a cooling effect, are continuing to fall as a result of important efforts to tackle air pollution. This is currently adding to the rate of GHG warming.
Notably, cutting CH4 emissions, which are also short-lived in the atmosphere, could offset this rise. But, again, there is no real sign of a fall – despite major initiatives such as the Global Methane Pledge.
The effect of all human drivers of climate change on the Earth’s energy balance is measured as “radiative forcing”. Our estimate of this radiative forcing in 2024 is 2.97 Watts per square metre (W/m2), 9% above the value recorded in 2019 that was quoted in the last IPCC assessment.
This is shown in the figure below, which illustrates the percentage change in an array of climate indicators since the data update given in the last IPCC climate science report.

Continued emissions and rising temperatures are meanwhile rapidly eating into the remaining carbon budget, the total amount of CO2 that can be emitted if global warming is to be kept below 1.5C.
Our central estimate of the remaining carbon budget from the start of 2025 is 130bn tonnes of CO2.
This has fallen by almost three-quarters since the start of 2020. It would be exhausted in a little more than three years of global emissions, at current levels.
However, given the uncertainties involved in calculating the remaining carbon budget, the actual value could lie between 30 and 320bn tonnes, meaning that it could also be exhausted sooner – or later than expected.
Beyond global temperatures
Our assessment also shows how surplus heat is accumulating in the Earth’s system at an accelerating rate, becoming increasingly out of balance and driving changes around the world.
The data and their changes are displayed on a dedicated Climate Change Tracker platform, shown below.

The radiative forcing of 2.97 W/m2 adds heat to the climate system. As the world warms in response, much of this excess heat radiates to space, until a new balance is restored. The residual level of heating is termed the Earth’s “energy imbalance” and is an indication of how far out of balance the climate system is and the warming still to come.
This residual rate of heat entering the Earth system has now approximately doubled from levels seen in the 1970s and 1980s, to around 1W/m2 on average during the period 2012-24.
Although the ocean is storing an estimated 91% of this excess heat, mitigating some of the warming we would otherwise see at the Earth’s surface, it brings other impacts, including sea level rise and marine heatwaves.
Global average sea level rise, from both the melting of ice sheets and thermal expansion due to deep ocean warming, is included in the IGCC assessment for the first time.
We find that it has increased by around 26mm over the last six years (2019-24), more than double the long-term rate. This is the indicator that shows the clearest evidence of an acceleration.
Sea level rise is making storm surges more damaging and causing more coastal erosion, having the greatest impact on low-lying coastal areas. The 2019 IPCC special report on the oceans and cryosphere estimated that more than one billion people would be living in such low-lying coastal zones by 2050.
Multiple indicators
Overall, our indicators provide multiple lines of evidence all pointing in the same direction to provide a clear and consistent – but unsurprising and worsening – picture of the climate system.
It is also now inevitable that global temperatures will reach 1.5C of long-term warming in the next few years unless society takes drastic, transformative action – both in cutting GHG emissions and stopping deforestation.
Every year of delay brings reaching 1.5C – or even higher temperatures – closer.
This year, countries are unveiling new “nationally determined contributions” (NDCs), the national climate commitments aimed at collectively reducing GHG emissions and tackling climate change in line with the Paris Agreement.
While the plans put forward so far represent a step in the right direction, they still fall far short of what is needed to significantly reduce, let alone stop, the rate of warming.
At the same time, evidence-based decision-making relies on international expertise, collaboration and global datasets.
Our annual update relies on data from NASA and the National Oceanic and Atmospheric Administration (NOAA) and input from many of their highly respected scientists. It is this type of collaboration that allows scientists to generate well-calibrated global datasets that can be used to produce trusted data on changes in the Earth system.
It would not be possible to maintain the consistent long-term datasets employed in our study if their work is interrupted.
At a time when the planet is changing at the fastest rate since records began, we are at risk of failing to track key indicators – such as greenhouse gas concentrations or deep ocean temperatures – and losing core expertise that is vital for understanding the data.
The post Guest post: Why 2024’s global temperatures were unprecedented, but not surprising appeared first on Carbon Brief.
Guest post: Why 2024’s global temperatures were unprecedented, but not surprising
Climate Change
Guest post: How the world’s rivers are releasing billions of tonnes of ‘ancient’ carbon
The perception of how the land surface releases carbon dioxide (CO2) typically conjures up images of large-scale deforestation or farmers churning up the soil.
However, there is an intriguing – and underappreciated – role played by the world’s rivers.
Right now, plants and soils absorb about one-third of the CO2 released by human activity, similar to how much the oceans take up.
Over thousands to millions of years, some of this land-fixed carbon can end up being buried in sediments, where it eventually forms rocks.
The waters that feed rivers flow through plants, soils and rocks in landscapes, picking up and releasing carbon as they go.
This process is generally considered to be a sideways “leakage” of the carbon that is being taken up by recent plant growth.
However, the age of this carbon – how long it resided in plants and soils before it made it into rivers and then to the atmosphere – has remained a mystery.
If the carbon being released by rivers is young, then it can be considered a component of relatively quick carbon cycling.
However, if the carbon is old, then it is coming from landscape carbon stores that we thought were stable – and, therefore, represents a way these old carbon stores can be destabilised.
In our new study, published in Nature, we show that almost 60% of the carbon being released to the atmosphere by rivers is from these older sources.
In total, this means the world’s rivers emit more than 7bn tonnes of CO2 to the atmosphere each year – more than the annual fossil-fuel emissions from North America.
This means that there is a significant leak of carbon from old stores that we thought were safely locked away.
Previous work has shown that local land-use change, such as deforestation and climate-driven permafrost thaw, will directly release old carbon into rivers. Whether this is happening at the global scale remains a significant unknown for now.
Who are you calling old?
How do you tell how old carbon is? We employ the same technique that is used to determine the age of an archaeological relic or to verify the age of a vintage wine – that is, radiocarbon dating.
Radiocarbon is the radioactive isotope of carbon, which decays at a known rate. This enables us to determine the age of carbon-based materials dating back to a maximum age of about 60,000 years old.
We know that some of the carbon that rivers release is very young, a product of recent CO2 uptake by plants.
We also know that rivers can receive carbon from much older sources, such as the decomposition of deep soils by microbes and soil organisms or the weathering and erosion of ancient carbon in rocks.
Soil decomposition can release carbon ranging from a few years to tens of thousands of years. An example of very old soil carbon release is from thawing permafrost.
Rock weathering and erosion releases carbon that is millions of years old. This is sometimes referred to as “radiocarbon-dead” because it is so old all the radiocarbon has decayed.
Rivers are emitting old carbon
In our new study, we compile new and existing radiocarbon dates of the CO2 emissions from around 700 stretches of river around the world.
We find that almost 60% of the carbon being released to the atmosphere by rivers is from older sources (hundreds to thousands of years old, or older), such as old soil and ancient rock carbon.
In the figure below, we suggest how different processes taking place within a landscape can release carbon of different ages into rivers, driving its direct emission to the atmosphere.
So, while rivers are leaking some modern carbon from plants and soils as part of the landscape processes that remove CO2 from the atmosphere, rivers are also leaking carbon from much older landscape carbon stores.
One major implication of this finding is that modern plants and soils are leaking less carbon back to the atmosphere than previously thought, making them more important for mitigating human-caused climate change.
We find that the proportion of old carbon contributing to river emissions varies across different ecosystems and the underlying geology of the landscapes they drain.
In the figure below, we show that landscapes underlain by sedimentary rocks, which are the most likely to contain substantial ancient (or “petrogenic”) carbon, also had the oldest river emissions. We also show that the type of ecosystem (biome) was also important, although the patterns were less clear.

What is obvious is that at least some old carbon was common across most of the rivers we observed, regardless of size and location.
We provide evidence that there is a geological control on river emissions. And the variability in the ecosystem also indicates important controlling factors, such as soil characteristics, vegetation type and climate – especially rainfall patterns and temperature which are known to impact the rate of carbon release from soils and rock weathering.
Are old carbon stores stable?
Long-term carbon storage in soils and rocks is an important process regulating global climate.
For example, the UK’s peatlands are important for regulating climate because they can store carbon for thousands of years. That is why restoring peatlands is such a great climate solution.
Rivers emit more than 7bn tonnes of CO2 to the atmosphere each year – that’s equivalent to about 10-20% of the global emissions from fossil fuel burning annually.
If 60% of river carbon emissions are coming from old carbon stores, then this constitutes a significant leak of carbon from old stores we thought were safely locked away.
Another major implication of our study is that these old carbon stores can be mobilised and routed directly to the atmosphere by rivers, which would exacerbate climate change if these stores are further destabilised.
As can be seen in the figure below, we found that river carbon emissions appeared to be getting older since measurements first began in the 1990s (lower F14Catm means older radiocarbon ages).
We found that river carbon emissions appeared to be getting older since measurements first began in the 1990s.
While there are several caveats to interpreting this trend, it is a warning sign that human activities, especially climate change, could intensify the release of carbon to the atmosphere via rivers.
Given the strong link between soil carbon and river emissions, if this trend is a sign of human activity disturbing the global carbon cycle, it is likely due to landscape disturbance mobilising soil carbon.

Using rivers to monitor global soil carbon storage
Rivers collect waters from across the landscapes they flow through and therefore provide a tool to track processes happening out of sight.
A drop of water landing in a landscape travels through soils and rock before reaching the river, and its chemistry, including its radiocarbon age, reflects the processes occurring within the landscape.
Monitoring the age of carbon in rivers can therefore tell you a lot about whether their landscapes are storing or releasing carbon.
This has been shown to help identify carbon loss in degraded tropical peatlands, thawing Arctic permafrost and due to deforestation.
River radiocarbon is sensitive to environmental change and could therefore be a powerful monitoring tool for detecting the onset of climate tipping points or the success of landscape restoration projects, for example.
While we present data spread out across the world, there are quite a few gaps for important regions, notably where glacier change is happening and others where droughts and flood frequencies are changing.
These include areas with low amounts of data in Greenland, the African continent, the Arctic and Boreal zones, the Middle East, eastern Europe, western Russia, Central Asia, Australasia and South America outside of the Amazon.
All these regions have the potential to store carbon in the long-term and we do not yet know if these carbon stores are stable or not under present and future climate change.
River radiocarbon offers a powerful method to keep tabs on the health of global ecosystems both now and into the future.
The post Guest post: How the world’s rivers are releasing billions of tonnes of ‘ancient’ carbon appeared first on Carbon Brief.
Guest post: How the world’s rivers are releasing billions of tonnes of ‘ancient’ carbon
Climate Change
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