Avinash Persaud is special advisor to the president of the Inter-American Development Bank on climate change and an architect of the 2022 Bridgetown Initiative. Emily Wilkinson is director of the Resilient and Sustainable Islands Initiative (RESI) at ODI Global.
Many communities are vulnerable to climate shocks – from the urban poor in Brazil to smallholder farmers in Africa’s Sahel region. But few are more vulnerable than those living in Small Island Developing States (SIDS) around the world, from the Caribbean to the South Pacific.
Storms and rising sea levels present an existential risk. They can wipe out annual incomes several times over. We don’t yet know the full extent of the damage wrought on Jamaica by Hurricane Melissa – the strongest hurricane to hit the island since records began – but they are expected to run into tens of billions of dollars, and recovery will take at least a decade.
These nations are the “canaries in the coal mine”, signalling the dangers that lie ahead. In 2022, the world set out a plan to tackle the threat. Economists, nonprofits and nation states got behind the Bridgetown Initiative, spearheaded by Barbadian Prime Minister Mia Mottley.
It has historically been difficult and expensive to finance the projects many nations need to cope with our changing climate. Yet much progress has been made on the Bridgetown Initiative’s five-step plan to reform the global financial system.
We have seen wider adoption of pause clauses in debt arrangements aimed at taking the pressure off countries when they face disasters. These clauses were used for the first time by Grenada and St. Vincent and the Grenadines in the aftermath of Hurricane Beryl in 2024. In 2023, countries agreed to unlock $100 billion in Special Drawing Rights, an international reserve of assets held by the International Monetary Fund (IMF), scaling up states’ efforts to build resilience to climate change.
More recently, progress has been made to reduce the cost of capital and currency volatility, two other major brakes on resilience investments. Brazil, the COP30 host nation, has just launched the Eco Invest programme with the Inter-American Development Bank (IDB), which will mobilise significant new private and public finance to restore degraded rural areas, produce clean energy and create green jobs.
Closing the yawning climate finance gap
These measures have helped to close a yawning climate finance gap, but more action is needed.
Global average temperatures continue to rise, and we are close to biophysical tipping points with disastrous consequences. For many climate-vulnerable countries, investing in resilience is the best response. Climate adaptation technologies have improved substantially and countries can now build heat-ready homes and schools, while coastal defences can withstand Category 5 hurricanes like Melissa. Every dollar spent on adaptation saves up to $10 on avoided losses.
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Global South’s climate adaptation bill to top $300 billion a year by 2035: UN
Warning over massive shortfall in climate adaptation funding comes days before COP30 in Brazil, where the issue is set to be a major theme -
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UNFCCC “calculations” suggest a 10% drop in global emissions, but delays by many countries in submitting NDCs cloud official review of climate pledges -
Political backing more important than money for new forest fund at COP30, Brazil says
The Tropical Forest Forever Facility is seeking $25bn in startup capital from donors but doesn’t need to hit this goal before its launch in Belém, Brazil’s finance ministry tells Climate Home event
The investments that have the greatest savings tend to be public goods, such as sea walls and flood defences, with few capturable revenues for private investors. The private sector has an important role to play in developing resilience technologies and implementing resilience investments, but 90% of the time, the public sector ends up paying.
Many call on rich nations to provide more grant support for the climate vulnerable. But grants are shrinking, so we must consider other ways to unlock more investment.
Climate adaptation can’t be just for the rich, COP30 president says
First, the major players who influence debt sustainability – ratings agencies such as Fitch and Moody’s, private investors, the IMF, the World Bank and other multilateral development banks (MDBs) – could change their approach. Too often, the risks of climate shocks are priced into debt repayments without considering the opportunity to gain by making countries more resilient to them. This makes it harder for countries to do the right thing.
Second, the most climate-vulnerable nations will need new borrowing instruments that are low-cost, long-term and flexible, for example ensuring that debt interest repayment timings can be adjusted if a disaster such as a devastating hurricane strikes.
Because of their AAA credit ratings, MDBs like the World Bank are best positioned to help. Small island nations require an estimated $36 billion for adaptation efforts but received a fraction of that last year, and the World Bank and Inter-American Development Bank (IDB) have committed to raising their adaptation finance portfolio overall to 50% of climate finance, up from 30%.
Third, climate-vulnerable countries are still paying a huge portion of their tax revenues in servicing debt. More can be done to break this vicious cycle, and one solution is something called a debt-for-resilience swap. That’s when a AAA-rated guarantor guarantees the debt of a climate-vulnerable country, allowing it to borrow at significantly lower interest rates. The proceeds are then used to buy back expensive debt – keeping the level of debt unchanged, but re-routing interest savings for resilience investments. Barbados, the Bahamas and Ecuador have done debt-for-climate swaps, but guarantors are in limited supply.
Comment: Can COP30 mark a turning point for climate adaptation?
To tackle this challenge, the IDB and other MDBs are developing the first-of-its-kind Multi-Guarantor Debt for Resilience Facility, where multiple guarantors work together to unlock more debt swaps on a larger scale.
In these difficult times, when climate change is driving ever more dangerous and unpredictable impacts in vulnerable places, we must press forward with further reforms. Bridgetown has already channelled hundreds of billions into building stable countries with a secure future – something that benefits all of us. Now we all need to raise our adaptation ambitions.
The post Hurricane Melissa’s destruction shows need for climate resilience push appeared first on Climate Home News.
Hurricane Melissa’s destruction shows need for climate resilience push
The nonprofit said in a new report that pipeline company Energy Transfer reported hundreds of oil spills to federal regulators in recent years, among other incidents.
The environmental nonprofit Greenpeace was under the microscope in a North Dakota trial this year. Now the organization is calling attention to the environmental impacts of the pipeline company that brought it to court and won a $345 million judgment.
Greenpeace Scrutinizes the Environmental Record of the Company That Sued the Group
Climate Change
Wisconsin Tribes Have Helped the Lake Sturgeon Recover. Climate Change Is Stressing Its Ability to Adapt.
The ancient, enormous fish have lived on Earth for more than 150 million years but changing weather conditions have researchers questioning whether future generations will thrive.
On a cool October morning, members of the St. Croix Chippewa Tribe gathered at the Clam Lake boat landing in northern Wisconsin, carrying five-gallon buckets of small, wriggling lake sturgeon. After a short prayer calling on their ancestors, they tipped the six-month-old fish—raised in the Tribe’s newly built hatchery—into the lake. It was the Tribe’s first sturgeon release and the latest chapter in one of North America’s great freshwater conservation success stories.
Climate Change
China Briefing 11 December 2025: Winter record looms; Joint climate statement with France; How ‘mid-level bureaucrats’ help shape policy
Welcome to Carbon Brief’s China Briefing.
China Briefing handpicks and explains the most important climate and energy stories from China over the past fortnight. Subscribe for free here.
Key developments
Record power and gas demand
DOMESTIC TURBINES: China’s top economic planning body, the National Development and Reform Commission (NDRC), expects both electricity demand and gas demand to hit the “highest level yet recorded in winter”, reported Reuters. Data from a sample of coal plants nevertheless showed a recent drop in output year-on-year. Meanwhile, China has developed a “high-efficiency” gas turbine which will “strengthen[ China’s] power grid with low-carbon electricity”, said state news agency Xinhua. According to Bloomberg, the turbine is the first to have been fully produced in China, helping the country to “reduce reliance on imported technology amid a global shortage of equipment”.
‘SUBDUED’ OIL GROWTH: Chinese oil demand is likely to “remain subdued” until at least the middle of 2026, reported Bloomberg. Next year will see “one of the lowest growth rates in China in quite some time”, said commodities trader Trafigura’s chief economist Saad Rahim, reported the Financial Times. Demand is set to plateau until 2030, according to research linked to “state oil major” CNPC, said Reuters. In the building materials industry, carbon dioxide (CO2) emissions are “projected to fall by 25%” in 2025 relative to pre-2021 levels, China Building Materials Federation president Yan Xiaofeng told state broadcaster CCTV.
FLAT EMISSIONS GROWTH: China’s CO2 emissions in 2024 grew by 0.6% year-on-year, reported Xinhua, citing the newly released China Greenhouse Gas Bulletin (2024). This represented a “significant narrowing from the 2023 increase and remains below the global average growth rate of 0.8%”, it added. (The bulletin confirms analysis for Carbon Brief published in January, which put China’s 2024 emissions growth at 0.8%.)
China-France climate statements
CLIMATE BONHOMIE: During a visit by French president Emmanuel Macron to China, the two countries signed a joint statement on climate change, reported Xinhua. It published the full text of the statement, which pledged more cooperation on “accelerating” renewables globally, as well as “enhancing communication” in carbon pricing, methane, adaptation and other areas. It also said China and France would support developing countries’ access to climate finance, adding that developed nations will “take the lead in providing and mobilising” this “before 2035”, while encouraging developing countries to “voluntarily contribute”.
MORE COOPERATION: China and France issued separate statements on “nuclear energy” cooperation, Xinhua reported, as well as on expanding cooperation on the “green economy”, according to the Hong Kong-based South China Morning Post.
EU’s new ‘economic security’ package
NEW PLANS, SAME TOOLS: Meanwhile, the EU has issued new plans to “boost EU resilience to threats like rare-earth shortages”, said Reuters, including an “economic security doctrine” that would encourage “new measures…designed to counter unfair trade and market distortions, including overcapacity”. A second plan on critical minerals will “restrict exports of [recyclable] rare-earth waste and battery scrap” to shore up supplies for “electric cars, wind turbines and semiconductors”, according to another Reuters article. Euractiv characterised the policy package as a “reframing of existing tools and plans”.
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‘NOT VERY CREDIBLE’: EU climate commissioner Wopke Hoekstra told the Financial Times that the latest push against the bloc’s carbon border adjustment mechanism (CBAM), which the outlet said is “led by China, India and Saudi Arabia”, was “not very credible”. A “GT Voice” comment in the state-supporting Global Times said the CBAM exposed a dilemma around the “absence of a globally accepted, transparent and equitable standard for measuring carbon footprints”. It called CBAM a “pioneering step”, but said climate efforts needed “greater international coordination, not unilateral enforcement”.
FIRST REVIEW: The EU has undertaken its first “formal review” of the tariffs placed on Chinese-made electric vehicles (EVs), assessing a price undertaking offer submitted by Volkswagen’s Chinese joint venture, reported SCMP. Chinese EVs – including both hybrid and pure EVs – saw their “second-best month on record” in October, with sales coming down slightly from September’s peak, said Bloomberg.
More China news
- ECONOMIC SIGNALS: At the central economic work conference, held in Beijing on 10-11 December, President Xi Jinping said China would adhere to the “dual-carbon” goals and promote a “comprehensive green transition”, reported Xinhua.
- EFFORTS ‘INTENSIFIED’: Ahead of the meeting, premier Li Qiang also noted earlier that energy conservation and carbon reduction efforts must be “intensified”, according to the People’s Daily.
- JET FUEL: A major jet fuel distributor is being acquired by oil giant Sinopec, which could “risk slowing [China’s] push to decarbonise air travel”, reported Caixin.
- SLOW AND STEADY: An article in the People’s Daily said China’s energy transition is “not something that can be achieved overnight”.
- ‘ECO-POLICE’: China’s environment ministry published a draft grading system for “atmospheric environmental performance in key industries”, including assessment of “significant…carbon emission reduction effects”, noted International Energy Net. China will also set up an “eco-police” mechanism in 2027, China Daily said.
- INNOVATION INITIATIVE: The National Energy Administration issued a call for the “preliminary establishment of a new energy system that is clean, low-carbon, safe and efficient” in the next five years, reported BJX News. The plan also noted: “Those who take the lead in [energy technology] innovation will gain the initiative.”
Spotlight
Interview: How ‘mid-level bureaucrats’ are helping to shape Chinese climate policy
Local officials are viewed as relatively weak actors in China’s governance structure.
However, a new book – “Implementing a low-carbon future: climate leadership in Chinese cities” – argues that these officials play an important role in designing innovative and enduring climate policy.
Carbon Brief interviews author Weila Gong, non-resident scholar at the UC San Diego School of Global Policy and Strategy’s 21st Century China Center and visiting scholar at UC Davis, on her research.
Below are highlights from the conversation. The full interview is published on the Carbon Brief website.
Carbon Brief: You’ve just written a book about climate policy in Chinese cities. Could you explain why subnational governments are important for China’s climate policy in general?
Weila Gong: China is the world’s largest carbon emitter [and] over 85% of China’s carbon emissions come from cities.
We tend to think that officials at the provincial, city and township levels are barriers for environmental protection, because they are focused on promoting economic growth.
But I observed these actors participating in China’s low-carbon city pilot. I was surprised to see so many cities wanted to participate, even though there was no specific evaluation system that would reward their efforts.
CB: Could you help us understand the mindset of these bureaucrats? How do local-level officials design policies in China?
WG: We tend to focus on top political figures, such as mayors or [municipal] party secretaries. But mid-level bureaucrats [are usually the] ones implementing low-carbon policies.
Mid-level local officials saw [the low-carbon city pilot] as a way to help their bosses get promoted, which in turn would help them advance their own career. As such, they [aimed to] create unique, innovative and visible policy actions to help draw the attention [of their superiors].
They are also often more interested in climate issues if it is in the interest of their agency or local government.
Another motivation is accessing finance [by using] pilot programmes, if their ideas impress the central-level government.
CB: Could you give an example of what drives innovative local climate policies?
WG: National-level policies and pilot programme schemes provide openings for local governments to think about how and whether they should engage more in addressing climate change.
By experiment[ing] with policy at a local level, local governments help national-level officials develop responses to emerging policy challenges.
Local carbon emission trading systems (ETSs) are an example.
One element that made the Shenzhen ETS successful is “entrepreneurial bureaucrats” [who have the ability to design, push through and maintain new local-level climate policies].
Even though we might think local officials are constrained in terms of policy or financial resources, they often have the leverage and space to build coalitions…and know how to mobilise political support.
CB: What needs to be done to strengthen sub-national climate policy making?
WG: It’s very important to have groups of personnel trained on climate policy…[Often] climate change is only one of local officials’ day-to-day responsibilities. We need full-time staff to follow through on policies from the beginning right up to implementation.
Secondly, while almost all cities have made carbon-peaking plans, one area in which the government can make further progress is data.
Most Chinese cities haven’t yet established regular carbon accounting systems, [and only have access to] inadequate statistics. Local agencies can’t always access detailed data [held at the central level]…[while] much of the company-level data is self-reported.
Finally, China will always need local officials willing to try new policy instruments. Ensuring they have the conditions to do this is very important.
Watch, read, listen
BREAKNECK SPEED: In a conversation with the Zero podcast, tech analyst Dan Wang outlined how an “engineering mindset” may have given China the edge in developing clean-energy systems in comparison to the US.
QUESTION OF CURRENCY: Institute of Finance and Sustainability president Ma Jun and Climate Bonds Initiative CEO Sean Kidney examined how China’s yuan-denominated loans can “ease the climate financing crunch” in the South China Morning Post.
DRIVING CHANGE: Deutsche Welle broadcast a report on how affordable cleantech from China is accelerating the energy transition in global south countries.
EXPOSING LOOPHOLES: Economic news outlet Jiemian investigated how a scandal involving the main developer of pumped storage capacity in China revealed “regulatory loopholes” in constructing such projects.
$180 billion
The amount of outward direct investment Chinese companies have committed to cleantech projects overseas since 2023, according to a new report by thinktank Climate Energy Finance.
New science
- A new study looking at battery electric trucks across China, Europe and the US showed they “can reach 27-58% reductions in lifecycle CO2 emissions compared with diesel trucks” | Nature Reviews Clean Technology
- “Shortcomings remain” in China’s legal approach to offshore carbon capture, utilisation and storage, such as a lack of “specialised” legal frameworks | Climate Policy
China Briefing is written by Anika Patel and edited by Simon Evans. Please send tips and feedback to china@carbonbrief.org
The post China Briefing 11 December 2025: Winter record looms; Joint climate statement with France; How ‘mid-level bureaucrats’ help shape policy appeared first on Carbon Brief.
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