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The world’s fossil-fuel use is still on track to peak before 2030, despite a surge in political support for coal, oil and gas, according to data from the International Energy Agency (IEA).

The IEA’s latest World Energy Outlook 2025, published during the opening days of the COP30 climate summit in Brazil, shows coal at or close to a peak, with oil set to follow around 2030 and gas by 2035, based on the stated policy intentions of the world’s governments.

Under the same assumptions, the IEA says that clean-energy use will surge, as nuclear power rises 39% by 2035, solar by 344% and wind by 178%.

Still, the outlook has some notable shifts since last year, with coal use revised up by around 6% in the near term, oil seeing a shallower post-peak decline and gas plateauing at higher levels.

This means that the IEA expects global warming to reach 2.5C this century if “stated policies” are implemented as planned, up marginally from 2.4C in last year’s outlook.

In addition, after pressure from the Trump administration in the US, the IEA has resurrected its “current policies scenario”, which – effectively – assumes that governments around the world abandon their stated intentions and only policies already set in legislation are continued.

If this were to happen, the IEA warns, global warming would reach 2.9C by 2100, as oil and gas demand would continue to rise and the decline in coal use would proceed at a slower rate.

This year’s outlook also includes a pathway that limits warming to 1.5C in 2100, but says that this would only be possible after a period of “overshoot”, where temperature rise peaks at 1.65C.

The IEA will publish its “announced pledges scenario” at a later date, to illustrate the impact of new national climate pledges being implemented on time and in full.

(See Carbon Brief’s coverage of previous IEA world energy outlooks from 2024, 2023, 2022, 2021, 2020, 2019, 2018, 2017, 2016 and 2015.)

World energy outlook

The IEA’s annual World Energy Outlook (WEO) is published every autumn. It is regarded as one of the most influential annual contributions to the understanding of energy and emissions trends.

The outlook explores a range of scenarios, representing different possible futures for the global energy system. These are developed using the IEA’s “global energy and climate model”.

The latest report stresses that “none of [these scenarios] should be regarded as a forecast”.

However, this year’s outlook marks a major shift in emphasis between the scenarios – and it reintroduces a pathway where oil and gas demand continues to rise for many decades.

This pathway is named the “current policies scenario” (CPS), which assumes that governments abandon their planned policies, leaving only those that are already set in legislation.

If the world followed this path, then global temperatures would reach 2.9C above pre-industrial levels by 2100 and would be “set to keep rising from there”, the IEA says.

The CPS was part of the annual outlook until 2020, when the IEA said that it was “difficult to imagine” such a pathway “prevailing in today’s circumstances”.

It has been resurrected following heavy pressure from the US, which is a major funder of the IEA that accounts for 14% of the agency’s budget.

For example, in July Politico reported “a ratcheted-up US pressure campaign” and “months of public frustrations with the IEA from top Trump administration officials”. It noted:

“Some Republicans say the IEA has discouraged investment in fossil fuels by publishing analyses that show near-term peaks in global demand for oil and gas.”

The CPS is the first scenario to be discussed in detail in the report, appearing in chapter three. The CPS similarly appears first in Annex A, the data tables for the report.

The second scenario is the “stated policies scenario” (STEPS), featured in chapter four of this year’s outlook. Here, the outlook also includes policies that governments say they intend to bring forward and that the IEA judges as likely to be implemented in practice.

In this world, global warming would reach 2.5C by 2100 – up marginally from the 2.4C expected in the 2024 edition of the outlook.

Beyond the STEPS and the CPS, the outlook includes two further scenarios.

One is the “net-zero emissions by 2050” (NZE) scenario, which illustrates how the world’s energy system would need to change in order to limit warming in 2100 to 1.5C.

The NZE was first floated in the 2020 edition of the report and was then formally featured in 2021.

The report notes that, unlike in previous editions, this scenario would see warming peak at more than 1.6C above pre-industrial temperatures, before returning to 1.5C by the end of the century.

This means it would include a high level of temporary “overshoot” of the 1.5C target. The IEA explains that this results from the “reality of persistently high emissions in recent years”. It adds:

“In addition to very rapid progress with the transformation of the energy sector, bringing the temperature rise back down below 1.5C by 2100 also requires widespread deployment of CO2 removal technologies that are currently unproven at large scale.”

Finally, the outlook includes a new scenario where everyone in the world is able to gain access to electricity by 2035 and to clean cooking by 2040, named “ACCESS”.

While the STEPS appears second in the running order of the report, it is mentioned slightly more frequently than the CPS, as shown in the figure below. The CPS is a close second, however, whereas the IEA’s 1.5C pathway (NZE) receives a declining level of attention.

Number of mentions of each scenario per 100 pages of text.
Number of mentions of each scenario per 100 pages of text. Source: Carbon Brief analysis.

US critics of the IEA have presented its stated policies scenario as “disconnected from reality”, in contrast to what they describe as the “likely scenario” of “business as usual”.

Yet the current policies scenario is far from a “business-as-usual” pathway. The IEA says this explicitly in an article published ahead of the outlook:

“The CPS might seem like a ‘business-as-usual’ scenario, but this terminology can be misleading in an energy system where new technologies are already being deployed at scale, underpinned by robust economics and mature, existing policy frameworks. In these areas, ‘business as usual’ would imply continuing the current process of change and, in some cases, accelerating it.”

In order to create the current policies scenario, where oil and gas use continues to surge into the future, the IEA therefore has to make more pessimistic assumptions about barriers to the uptake of new technologies and about the willingness of governments to row back on their plans. It says:

“The CPS…builds on a narrow reading of today’s policy settings…assuming no change, even where governments have indicated their intention to do so.”

This is not a scenario of “business as usual”. Instead, it is a scenario where countries around the world follow US president Donald Trump in dismantling their plans to shift away from fossil fuels.

More specifically, the current policies scenario assumes that countries around the world renege on their policy commitments and fail to honour their climate pledges.

For example, it assumes that Japan and South Korea fail to implement their latest national electricity plans, that China fails to continue its power-market reforms and abandons its provincial targets for clean power, that EU countries fail to meet their coal phase-out pledges and that US states such as California fail to extend their clean-energy targets.

Similarly, it assumes that Brazil, Turkey and India fail to implement their greenhouse gas emissions trading schemes (ETS) as planned and that China fails to expand its ETS to other industries.

The scenario also assumes that the EU, China, India, Australia, Japan and many others fail to extend or continue strengthening regulations on the energy efficiency of buildings and appliances, as well as those relating to the fuel-economy standards for new vehicles.

In contrast to the portrayal of the stated policies scenario as blindly assuming that all pledges will be met, the IEA notes that it does not give a free pass to aspirational targets. It says:

“[T]argets are not automatically assumed to be met; the prospects and timing for their realisation are subject to an assessment of relevant market, infrastructure and financial constraints…[L]ike the CPS, the STEPS does not assume that aspirational goals, such as those included in the Paris Agreement, are achieved.”

Only in the “announced pledges scenario” (APS) does the IEA assume that countries meet all of their climate pledges on time and full – regardless of how credible they are.

The APS does not appear in this year’s report, presumably because many countries missed the deadlines to publish new climate pledges ahead of COP30.

The IEA says it will publish its APS, assessing the impact of the new pledges, “once there is a more complete picture of these commitments”.

Fossil-fuel peak

In recent years, there has been a significant shift in the IEA’s outlook for fossil fuels under the stated policies scenario, which it has described as “a mirror to the plans of today’s policymakers”.

In 2020, the agency said that prevailing policy conditions pointed towards a “structural” decline in global coal demand, but that it was too soon to declare a peak in oil or gas demand.

By 2021, it said global fossil-fuel use could peak as soon as 2025, but only if all countries got on track to meet their climate goals. Under stated policies, it expected fossil-fuel use to hit a plateau from the late 2020s onwards, declining only marginally by 2050.

There was a dramatic change in 2022, when it said that Russia’s invasion of Ukraine and the resulting global energy crisis had “turbo-charged” the shift away from fossil fuels.

As a result, it said at the time that it expected a peak in demand for each of the fossil fuels. Coal “within a few years”, oil “in the mid-2030s” and gas ”by the end of the decade”.

This outlook sharpened further in 2023 and, by 2024, it was saying that each of the fossil fuels would see a peak in global demand before 2030.

This year’s report notes that “some formal country-level [climate] commitments have waned”, pointing to the withdrawal of the US from the Paris Agreement.

The report says the “new direction” in the US is among “major new policies” in 48 countries. The other changes it lists include Brazil’s “energy transition acceleration programme”, Japan’s new plan for 2040 and the EU’s recently adopted 2040 climate target.

Overall, the IEA data still points to peaks in demand for coal, oil and gas under the stated policies scenario, as shown in the figure below.

Alongside this there is a surge in clean technologies, with renewables overtaking oil to become the world’s largest source of energy – not just electricity – by the early 2040s.

Total energy demand chart

In this year’s outlook under stated policies, the IEA sees global coal demand as already being at – or very close to – a definitive peak, as the chart above shows.

Coal then enters a structural decline, where demand for the fuel is displaced by cheaper alternatives, particularly renewable sources of electricity.

The IEA reiterates that the cost of solar, wind and batteries has respectively fallen by 90%, 70% and 90% since 2010, with further declines of 10-40% expected by 2035.

(The report notes that household energy spending would be lower under the more ambitious NZE scenario than under stated policies, despite the need for greater investment.)

However, this year’s outlook has coal use in 2030 coming in some 6% higher than expected last year, although it ultimately declines to similar levels by 2050.

For oil, the agency’s data still points to a peak in demand this decade, as electric vehicles (EVs) and more efficient combustion engines erode the need for the fuel in road transport.

While this sees oil demand in 2030 reaching similar levels to what the IEA expected last year, the post-peak decline is slightly less marked in the latest outlook, ending some 5% higher in 2050.

The biggest shift compared with last year is for gas, where the IEA suggests that global demand will keep rising until 2035, rather than peaking by 2030.

Still, the outlook has gas demand in 2030 being only 7% higher than expected last year. It notes:

“Long-term natural gas demand growth is kept lower than in recent decades by the expanding deployment of renewables, efficiency gains and electrification of end-uses.”

In terms of clean energy, the outlook sees nuclear power output growing to 39% above 2024 levels by 2035 and doubling by 2050. Solar grows nearly four-fold by 2035 and nearly nine-fold by 2050, while wind power nearly triples and quadruples over the same periods.

Notably, the IEA sees strong growth of clean-energy technologies, even in the current policies scenario. Here, renewables would still become the world’s largest energy source before 2050.

This is despite the severe headwinds assumed in this scenario, including EVs never increasing from their current low share of sales in India or the US.

The CPS would see oil and gas use continuing to rise, with demand for oil reaching 11% above current levels by 2050 and gas climbing 31%, even as renewables nearly triple.

This means that coal use would still decline, falling to a fifth below current levels by 2050.

Finally, while the IEA considers the prospect of global coal demand continuing to rise rather than falling as expected, it gives this idea short shrift. It explains:

“A growth story for coal over the coming decades cannot entirely be ruled out but it would fly in the face of two crucial structural trends witnessed in recent years: the rise of renewable sources of power generation, and the shift in China away from an especially coal-intensive model of growth and infrastructure development. As such, sustained growth for coal demand appears highly unlikely.”

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IEA: Fossil-fuel use will peak before 2030 – unless ‘stated policies’ are abandoned

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Cropped 3 December 2025: Extreme weather in Africa; COP30 roundup; Saudi minister interview

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We handpick and explain the most important stories at the intersection of climate, land, food and nature over the past fortnight.

This is an online version of Carbon Brief’s fortnightly Cropped email newsletter. Subscribe for free here.

Key developments

COP30 roundup

FOOD OFF THE MENU: COP30 wrapped up in the Brazilian Amazon city of Belém, with several new announcements for forest protection, but with experts saying that food systems were seemingly “erased” from official negotiations, Carbon Brief reported. Other observers told the Independent that the lack of mention of food in some of the main negotiated outcomes was “surprising” and “deeply disappointing”. The outlet noted that smallholder farmers spend an “estimated 20 to 40% of their annual income on adaptive measures…despite having done next to nothing to contribute to the climate crisis”.

‘BITTERSWEET’: Meanwhile, Reuters said that the summit’s outcomes for trees and Indigenous peoples were “unprecedented”, but “bittersweet”. It noted that countries had “unlocked billions in new funds for forests” through the Tropical Forest Forever Facility. (For more on that fund, see Carbon Brief’s explainer.) However, the newswire added, “nations failed to agree on a plan to keep trees standing as they have repeatedly promised to do in recent summits”. Mongabay noted that pledges to the new forest fund totalled “less than a quarter of the $25bn initially required for a full-scale rollout”.

‘MIXED OUTCOMES’: A separate piece in Mongabay said that COP30 “delivered mixed outcomes” for Indigenous peoples. One positive outcome was a “historic pledge to recognise Indigenous land tenure rights over 160m hectares” of tropical forest land, the outlet said. This was accompanied by a monetary pledge of $1.8bn to support “Indigenous peoples, local and Afro-descendant communities in securing land rights over the next five years”, it added. However, Mongabay wrote, there were some “major disappointments” around the summit’s outcomes, particularly around the absence of mention of critical minerals and fossil-fuel phaseout in the final texts.

Africa on edge

SOMALIA DROUGHT: Somalia officially declared a drought emergency last month “after four consecutive failed rainy seasons left millions at risk of hunger and displacement”, allAfrica reported, with 130,000 people in “immediate life-threatening need”. According to Al Jazeera, more than 4.5 million people “face starvation”, as “failed rains and heat devastated” the country, with displaced communities also “escaping fighting” in their villages and aid cuts impacting relief. Down to Earth, meanwhile, covered an Amnesty International report that demonstrated that Somalia failed to “implement a functional social-security system for the marginalised, particularly those negatively affected by drought”.

COCOA CRASH: Ivory Coast’s main cocoa harvest is expected to “decline sharply for [the] third consecutive year” due to erratic rainfall, crop disease, ageing farms and poor investment, Reuters reported. Africa Sustainability Matters observed that the delayed implementation of the EU’s deforestation law – announced last week – could impact two million smallholder farmers, who may see “delays in certification processes ripple through payment cycles and export volumes”. Meanwhile, SwissInfo reported that the “disconnect between high global cocoa prices and the price paid to farmers” is leading to “unprecedented cocoa smuggling” in Ghana.

‘FERTILISER CRISIS’: Nyasa Times reported that, “for the first time”, Malawian president Peter Mutharika admitted that the country is “facing a planting season…for which his government is dangerously unprepared”. According to the paper, Mutharika acknowledged that the country is “heading into the rains without adequate fertiliser and with procurement dangerously behind schedule” at a meeting with the International Monetary Fund’s Africa director. “We are struggling with supplies… We are not yet ready in terms of fertiliser,” Mutharika is quoted as saying, with the paper adding that his administration is “overwhelmed” by a fertiliser crisis.

News and views

PLANT TALKS COLLAPSE: “Decade-long” talks aimed at negotiating new rules for seed-sharing “collapsed” after week-long negotiations in Lima, Euractiv reported. The International Treaty on Plant Genetic Resources for Food and Agriculture allows “any actor to access seed samples of 64 major food crops stored in public gene banks”, but “virtually no money flows back to countries that conserve and share seed diversity”, the outlet said. Observers “criticised the closed-door nature of the final talks”, which attempted to postpone a decision on payments until 2027, it added.

UNSUSTAINABLE: The UK food system is driving nature loss and deepening climate change, according to a new WWF report. The report analysed the impacts on nature, climate and people of 10 UK retailers representing 90% of the domestic grocery market. Most of the retailers committed in 2021 to halving the environmental impact of the UK grocery market by 2030. However, the report found that the retailers are “a long way off” on reducing their emissions and sourcing products from deforestation-free areas.

GREY CARBON: A “flurry” of carbon-credit deals “covering millions of hectares of landmass” across Africa struck by United Arab Emirates-based firm Blue Carbon on the sidelines of COP28 “have gone nowhere”, according to a joint investigation by Agence-France Presse and Code for Africa. In Zimbabwe – where the deal included “about 20% of the country’s landmass” – national climate change authorities said that the UAE company’s memorandum of understanding “lapsed without any action”. AFP attempted multiple ways to contact Blue Carbon, but received no reply. Meanwhile, research covered by New Scientist found that Africa’s forests “are now emitting more CO2 than they absorb”.

UK NATURE: The UK government released an updated “environmental improvement plan” to help England “meet numerous legally binding goals” for environmental restoration, BusinessGreen reported. The outlet added that it included measures such as creating “wildlife-rich habitats” and boosting tree-planting. Elsewhere, a study covered by the Times found that England and Wales lost “almost a third of their grasslands” in the past 90 years. The main causes of grassland decline were “increased mechanisation on farms, new agrochemicals and crop-growing”, the Times said.

IN DANGER: The Trump administration proposed changes to the US Endangered Species Act that “could clear the way for more oil drilling, logging and mining” in key species habitats, reported the New York Times. This act is the “bedrock environmental law intended to prevent animal and plant extinctions”, the newspaper said, adding that one of the proposals could make it harder to protect species from future threats, such as the effects of climate change. It added: “Environmental groups are expected to challenge the proposals in court once they are finalised.”

‘ALREADY OVERSTRETCHED’: Producing enough food to feed the world’s growing population by 2050 “will place additional pressure on the world’s already overstretched” resources, according to the latest “state of the world’s land and water resources” report from the UN Food and Agriculture Organization. The report said that degradation of agricultural lands is “creating unprecedented pressure on the world’s agrifood systems”. It also found that urban areas have “more than doubled in size in just two decades”, consuming 24m hectares “of some of the most fertile croplands” in the process.

Spotlight

Saudi minister interviewed

During the second week of COP30 in Belém, Carbon Brief’s Daisy Dunne conducted a rare interview with a Saudi Arabian minister.

Dr Osama Faqeeha is deputy environment minister for Saudi Arabia and chief adviser to the COP16 presidency on desertification.

Carbon Brief: Thank you very much for agreeing to this interview. You represent the Saudi Arabia COP16 presidency on desertification. What are your priorities for linking desertification, biodiversity and climate change at COP30?

Dr Osama Faqeeha: First of all, our priority is to really highlight the linkages – the natural linkage – between land, climate and biodiversity. These are all interconnected, natural pillars for Earth. We need to pursue actions on the three together. In this way, we can achieve multiple goals. We can achieve climate resilience, we can protect biodiversity and we can stop land degradation. And this will really give us multiple benefits – food security, water security, climate resilience, biodiversity and social goals.

CB: Observers have accused Saudi Arabia, acting on behalf of the Arab group, of blocking an ambitious outcome on a text on synergies between climate change and biodiversity loss, under the item on cooperation with international organisations. [See Carbon Brief’s full explanation.] What is your response?

OF: We support synergies in the action plans. We support synergies in the financial flows. We support synergies in the political [outcome]. What we don’t support is trying to reduce all of the conventions. We don’t support dissolving the conventions. We need a climate convention, we need a biodiversity convention and we need a desertification convention. There was this incident, but the discussion continued after that and has been clarified. We support synergies. We oppose dissolution. This way we dilute the issues. No. This is a challenge. But we don’t have to address them separately. We need to address them in a comprehensive way so that we can really have a win-win situation.

CB: But as the president of the COP16 talks on desertification, surely more close work on the three Rio conventions would be a priority for you?

OF: First of all, we have to realise the convention is about land. Preventing land degradation and combating drought. These are the two major challenges.

Dr Osama Faqeeha. Credit: Supplied
Dr Osama Faqeeha. Credit: Supplied

CB: We’re at COP30 now and we’re at a crucial point in the negotiations where a lot of countries have been calling for a roadmap away from fossil fuels. What is Saudi Arabia’s position on agreeing to a roadmap away from fossil fuels?

OF: I think the issue is the emissions, it’s not the fuel. And our position is that we have to cut emissions regardless. In Saudi Arabia, in our nationally determined contribution [NDC], we doubled [the 2030 emissions reductions target] – from 130MtCO2 to 278MtCO2 – on a voluntary basis. So we are very serious about cutting emissions.

CB: The presidency said that some countries see the fossil-fuel roadmap as a red line. Is Saudi Arabia seeing a fossil-fuel roadmap as a red line for agreement in the negotiations?

OF: I think people try to put pressure on the negotiation to go in one way or another. And I think we should avoid that because, trying to demonise a country, that’s not good. Saudi Arabia is a signatory to the Paris Agreement. Saudi Arabia made the Paris Agreement possible. We are committed to the Paris Agreement.

[Carbon Brief obtained the “informal list” of countries that opposed a fossil-fuel roadmap at COP30, which included Saudi Arabia.]

CB: You mention that you feel sometimes the media demonises Saudi Arabia. So could you clarify, what do you hope to be Saudi Arabia’s role in guiding the negotiations to conclusion here at this COP?

OF: I think we have to realise that there is common but differentiated responsibilities. We have developed countries and developing countries. We have to realise that this is very well established in the convention. We can reach the same end point, but with different pathways. And this is what the negotiation is all about. It’s not one size fits all. What works with a certain country may not work with another country. So, I think people misread the negotiations. We, as Saudi Arabia, officially announced that we will reach carbon neutrality by 2060 – and we are putting billions and billions of dollars to reach this goal. But it doesn’t mean that we agree on everything. On every idea. We agree to so many things, you never hear that. Saudi Arabia agrees on one thousand points and we disagree on one point, then suddenly it becomes the news. Now, why does the media do that? Maybe that gives them more attention. I don’t know. But all I can tell you is that Saudi Arabia is part of the process. Saudi Arabia is making the process work.

This interview has been edited for length.

Watch, read, listen

NEW CHALLENGE: CNN discussed the environmental impacts of AI usage and how scientists are using it to conserve biodiversity.

AMAZON COP: In the Conversation, researchers argued that hosting COP30 in the Amazon made the “realities of climate and land-use change jarringly obvious” and Indigenous voices “impossible to ignore”.

DUBIOUS CLAIMS: DeSmog investigated an EU-funded “campaign blitz” that “overstated the environmental benefits of eating meat and dairy, while featuring bizarre and misleading claims”.

WASP’S NEST: In a talk for the Leverhulme Centre for Nature Recovery, Prof Seirian Sumner explained the “natural capital” of wasps and why it is important to “love the unlovable parts of nature”.

New science

  • Climate change can “exacerbate” the abundance and impacts of plastic pollution on terrestrial, freshwater and marine ecosystems | Frontiers in Science
  • The North Sea region accounts for more than 20% of peatland-related emissions within the EU, UK, Norway and Iceland, despite accounting for just 4% of the region’s peatland area | Nature Communications
  • Economic damages from climate-related disasters in the Brazilian Amazon rose 370% over 2000-22, with farming experiencing more than 60% of total losses | Nature Communications

In the diary

Cropped is researched and written by Dr Giuliana Viglione, Aruna Chandrasekhar, Daisy Dunne, Orla Dwyer and Yanine Quiroz.  Ayesha Tandon also contributed to this issue. Please send tips and feedback to cropped@carbonbrief.org

The post Cropped 3 December 2025: Extreme weather in Africa; COP30 roundup; Saudi minister interview appeared first on Carbon Brief.

Cropped 3 December 2025: Extreme weather in Africa; COP30 roundup; Saudi minister interview

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Analysis: Why COP30’s ‘tripling adaptation finance’ target is less ambitious than it seems

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One of the headline outcomes to emerge from COP30 was a new target to “at least triple” finance for climate adaptation in developing countries by 2035.

Vulnerable nations stress that they urgently need to strengthen their infrastructure as climate hazards intensify, but they struggle to attract funding for these efforts.

The new goal, which builds on a previous target agreed four years ago to double adaptation finance by 2025, was a central demand for many developing countries at the UN climate summit in Belém.

Yet, throughout the two-week negotiations, developed-country parties opposed new targets that would give them more financial obligations.

As a result of this opposition, the final target is less ambitious than the idea originally floated by developing countries, resulting in less pressure on developed countries to provide public funds.

This article looks at precisely what the final COP30 outcome does – and does not – say about tripling adaptation finance, as well as the implications for developing countries.

1. The final COP30 decision delayed the ‘tripling’ target by five years and added uncertainty 

At COP26 in Glasgow in 2021, a target was agreed for developed nations to double the amount of adaptation finance they would provide to developing countries by 2025.

This target has been broadly interpreted as approximately $40bn by 2025, using the agreed baseline of $18.8bn in 2019.

As of 2022, the latest year for which official data is available, annual adaptation finance from developed countries had reached $28.9bn. (Final confirmation of whether the target has been met will not come until 2027, due to the delay in climate-finance reporting.)

With the “doubling” target set to expire this year, some developing countries came to COP30 with the aim of agreeing on a new target.

The least-developed countries (LDCs) group called for “a tripling of grant-based adaptation finance by 2030 to at least $120bn”. They were backed by small-island states, the African group and some Latin American countries.

This proposal was included in the first draft of the “global mutirão“, the key overarching decision text produced by the COP30 presidency.

However, the text that ultimately emerged pushed the “tripling” deadline back to 2035. As the chart below shows, this delayed target could mean far less adaptation finance in the short term, due to developed countries taking longer to ramp up their contributions.

Bar chart that shows both annual adaptation finance in billion US dollars and the agreed 2035 'tripling' target or the proposed 2030 target.
Annual international adaptation finance, $bn, under a straight line to the agreed 2035 “tripling” target or the proposed 2030 target. This assumes that the 2025 adaptation-finance target of around $40bn is met. Source: UNFCCC.

Lina Yassin, an adaptation advisor to the LDCs, tells Carbon Brief that this goal is “fundamentally out of step” with the obligation for developed countries to achieve a “balance” between adaptation and mitigation finance.

(This obligation is set out in the Paris Agreement, but, in practice, developed countries provide far more finance for mitigation initiatives, such as clean-energy projects. Adaptation finance has been around a third of the total in recent years and this would still be the case if the overall $300bn climate-finance and tripling adaptation finance targets are both met.)

The final text also removed a mention of 2025 as the baseline year, adding uncertainty as to what precisely the 2035 target means.

“The [LDCs] wanted a clear number, tied to a clear baseline year, that you can actually track and hold providers accountable for,” Yassin explains.

The text does allude to the “doubling” target agreed at COP26 in Glasgow, which some analysts say is an indicator of what the baseline should be.

“It is obviously deliberately vaguely written, but we think the reference to the Glasgow pledge means they should triple that pledge,” Gaia Larsen, director for climate finance access at the World Resources Institute (WRI), tells Carbon Brief.

2. The new target is looser than the previous ‘doubling’ goal for adaptation finance

The “doubling” target set at COP26 was based on adaptation finance “provided” by developed countries.

This means it exclusively comes as publicly funded grants and loans from many EU member states, the US, Japan and a handful of other nations, including finance they raise via multilateral development banks (MDBs) and funds.

The LDCs’ original proposal for the “tripling” goal was even more specific. It called for “grant-based finance”, meaning any loans would not be included.

Amid widespread cuts to aid budgets, notably in the US, developed countries have been unwilling to commit to new targets based solely on them providing public finance.

Instead, they stressed at COP30 that any new pledges should align with the “new collective quantified goal” (NCQG) to raise $300bn by 2035, which was agreed last year. This is reflected in the final decision, which says the tripling target is “in the context of” the NCQG.

Unlike the COP26 goal, the NCQG covers finance from a variety of sources, including “mobilised” private finance and voluntary contributions from wealthier developing countries.

Assuming $120bn as the 2035 objective, WRI has estimated what its composition could be, based on the looser accounting allowed under the new adaptation-finance goal.

As the chart below shows, the institute estimates that more than a quarter of the target could be met by these new sources, with the rest coming from developed-country governments.

Bar chart that shos the estimated adaptation finance in billion US dollars in 2019, 2025 and 2035.
Breakdown of international adaptation finance in 2019 and estimated for 2035, $bn, with sources that were not counted under earlier targets in grey. The figure for 2025 assumes the target is met but is not broken down as the data is not yet available. “Multilateral finance” data in 2035 is not directly comparable with the earlier years, as, unlike under the previous target, it will include some funding that is attributable to developing countries. Source: WRI, UNFCCC.

WRI assumes that MDBs will play a “critical role” in meeting the 2035 target, amid calls for them to triple their overall finance. More MDB funding would also automatically be counted, as the new adaptation goal includes MDB funds that are attributable to developing countries, as set out in the NCQG.

The WRI analysis also assumes a big increase in the amount of private finance for adaptation that is “mobilised” by public spending, scaling up significantly to $18bn by 2035.

Traditionally, it has been difficult to raise private investment for adaptation initiatives, as they provide less return on investment than clean-energy projects.

3. The target also falls far short of developing countries’ adaptation needs

The UN Environment Programme’s (UNEP) recent “adaptation gap” report estimates that developing countries’ adaptation investment requirements – based on modelled costs – will likely hit $310bn each year by 2035.

Developing countries have self-reported even higher financial “needs” in their nationally determined contributions (NDCs) and national adaptation plans (NAPs) submitted to the UN.

When added together, UNEP concludes these needs amount to $365bn each year for developing countries between 2023 and 2035.

(According to NRDC, most of this discrepancy comes from middle-income countries reporting significantly higher needs than the UNEP-modelled costs.)

As the chart below shows, the new COP30 target would not cover more than a third of these estimated needs by 2035.

Bar chart that shows the estimated adaptation finance in billion US dollars compared to adaptation needs this decade (2025-2035).
Annual international adaptation finance, $bn, under a straight line to reaching the 2035 target, compared to country-reported needs laid out in the UNEP “adaptation gap” report. Source: UNEP, UNFCCC.

Both domestic spending and private-sector investment that is independent of developed-country involvement are expected to play a role in meeting developing countries’ adaptation needs.

Nevertheless, UNEP states that the overarching climate-finance goals set by countries are “clearly insufficient” to close the adaptation-finance “gap”.

Even in a scenario based on the LDCs’ original proposal of tripling adaptation finance to $120bn by 2030, the UNEP report concluded that a “significant” gap would have remained.

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Analysis: Why COP30’s ‘tripling adaptation finance’ target is less ambitious than it seems

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Asia-Pacific faces ‘$500bn-a-year’ hit from rising seas if current policies continue

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Coastal flooding could bring $500bn of annual damages to the Asia-Pacific by the year 2100, if countries do not adapt to rising sea levels.

This is according to new research, published in the journal Scientific Reports, which assesses how coastal flooding is impacting the Asia-Pacific region – and models how the damages could worsen as sea level rises over the 21st century. 

The paper finds that coastal flooding is already driving $26.8bn of damage every year across 29 countries in Asia and the Pacific, equivalent to 0.1% of the region’s GDP.

It projects that, under current policies, annual coastal flood damages in the region could rise to $518bn by 2100 – but this could drop to $338bn if warming is capped at 1.5C.

Small island states face the greatest risks from coastal flooding and will continue to bear the brunt of the damage as the planet continues to warm, according to the research.

For example, it finds that Tuvalu will face annual coastal flood damage equivalent to 38% of its GDP by the end of the century.

Meanwhile, small island states such as Kiribati, the Maldives, Micronesia and Tuvalu will permanently lose around 10% of their total land area.

The study’s lead author says the research shows how “rising seas” create “existential” and “economic” risks for low-lying islands in the Asia-Pacific.

He tells Carbon Brief that the paper highlights a “sharp inequality”, as developing nations with little historical responsibility for sea level rise face the brunt of its impacts.

Coastal damage

More than one billion people – about 15% of the world’s population – currently live within 10km of a coast.

Asia is home to some of the largest cities in the world, many of which are located near the sea, such as Mumbai, Tokyo, and Shanghai. The continent is home to 60% of the world’s coastal population.

However, there are hazards to living near the water.

Coastal flooding is caused by a combination of gradually rising sea levels and “episodic extreme sea levels”, such as high tides and storm surges, the study explains.

To assess these two factors, the study combines components including an ocean model and tide-height data.

The authors model flooding in all coastal Pacific and Asian countries that are listed as “developing member countries” by the Asian Development Bank. These 29 countries include Bangladesh, the Philippines and Tuvalu. 

They calculate the economic damage caused by flooding, by combining their flood model with data on land use and “asset values” across the residential, commercial, industrial, infrastructure and agricultural sectors. 

The authors assume when land floods permanently, the “assets” are completely lost. For areas that only flood periodically, the authors use a model linking flood depth to a percentage of land damaged to calculate the economic consequences.

They find that coastal flooding currently drives $27bn of damage every year in the Asia-Pacific.

China and Indonesia bear the greatest damage, each losing more than $6bn every year. The study authors say this is because both countries have “extensive coastlines, large populations in flood-prone areas and critical economic infrastructure concentrated near the coast”.

However, the study finds that small islands face the greatest economic damage as a percentage of their GDP.

The percentage of its annual GDP currently lost to coastal flooding in 29 Asia-Pacific countries. Small islands are shown in red.
The percentage of its annual GDP currently lost to coastal flooding in 29 Asia-Pacific countries. Small islands are shown in red. Data: Monioudi et al, (2025). Chart by Carbon Brief.

The study shows that the five most-severely affected countries are small island states. Vanuatu tops the ranking, losing 1.5% of its GDP to flooding every year. It is followed by Papua New Guinea and Micronesia.

Dr Michalis Vousdoukas is a researcher in coastal geography at the University of the Aegean in Greece and lead author of the study.

He tells Carbon Brief that even these damage estimates are “conservative” as they do not consider indirect economic losses, such as disruption to business, the loss of critical infrastructure, such as airports, or social impacts, such as migration.

Vousdoukas tells Carbon Brief that the study “highlights a sharp inequality between responsibility and impact”, explaining that the “countries that contributed the least to global emissions, particularly atoll nations, face the highest relative damages”.

Island nations in the Asia-Pacific region made of atolls – ring-shaped coral reefs or islands – include Kiribati, the Marshall Islands and Tuvalu.

Exposure

The authors also calculate population exposure to flooding, by overlaying their flood model with world population data.

Vousdoukas explains that “a person is considered exposed if they live in an area that appears as flooded in our model”.

The paper finds that six million people across the Asia-Pacific are currently at risk of coastal flooding each year, accounting for 0.2% of the region’s total population. The paper says:

“Although this may appear to be a small percentage, it still represents millions of individuals and families whose lives and livelihoods are under constant threat.”

Ranjan Panda is the convenor of the Combat Climate Change Network in India. Panda, who was not involved in the study, tells Carbon Brief that sea level rise is already forcing “millions of people to migrate out in distressed conditions to cities and other countries”.

China and Bangladesh rank the highest, with 2.2 million and 1.5 million people, respectively, exposed to coastal flooding each year.

However, small islands have the greatest percentage of their population exposed to flooding. Vanuatu again tops the table, with 2% of its population facing coastal flooding every year, according to the study. It is followed by Micronesia and the Maldives.

Bangladesh is the highest ranking non-island country, due to its “densely populated and flood-prone delta region”, the study finds.

Rising seas

As the climate warms, coastal flooding is worsening.

Average global sea levels have risen by more than 20cm since 1900, driven mainly by the thermal expansion of the ocean and the melting of glaciers and ice sheets.

Global warming is also “supercharging” hurricanes and typhoons, causing storm surges – the temporary rise in sea level that happens during a storm – to become more intense.

The study uses projections from the IPCC’s sixth assessment report to model sea level rise over the 21st century. These include thermal expansion and meltwater from glaciers and ice sheets, but exclude “low-likelihood, high-impact” events, such as ice-sheet collapse.

The authors assess five future scenarios:

  • SSP1-1.9: A very-low emissions reductions pathway that “aligns with” the Paris Agreement’s 1.5C limit
  • SSP1-2.6: A “low” emissions pathway achieving net-zero emissions after 2050
  • SSP2-4.5: A “moderate” emissions scenario, often described as the trajectory under current climate policies. 
  • SSP3-7.0: A “high” emissions pathway
  • SSP5-8.5: A very-high emissions pathway of “high fossil fuel reliance” throughout the 21st century

They find that, even under the lowest 1.5C warming scenario, countries in the Asia-Pacific will face damages of $338bn due to coastal flooding every year by the end of the century. This accounts for 1.3% of the region’s present-day GDP. (The authors assume no adaptation measures, changes in land use or inflation over the century.)

Under the current policy scenario, annual damage from coastal flooding rises to $518bn by the end of the century.

The chart below shows coastal flood damage as a percentage of annual GDP by the end of the century under the five scenarios for each country. Each horizontal bar shows the damage for one country, with the lowest warming SSP1-1.9 scenario on the left (grey) and highest warming SSP5-8.5 scenario (black) on the right.

Coastal flood damage as a percentage of annual GDP by the year 2100 under the five emissions scenarios, for 29 countries in the Asia Pacific.
Coastal flood damage as a percentage of annual GDP by the year 2100 under the five emissions scenarios, for 29 countries in the Asia Pacific. Data: Monioudi et al, (2025). Chart by Carbon Brief.

The study finds that, by the end of the century, the Pacific island of Tuvalu will face the worst economic consequences from coastal flooding. Even under the 1.5C warming scenario, its annual economic losses due to coastal flooding will reach 38% of its GDP.

The authors also assess the amount of land that will be permanently lost to the sea.

They find that small island states – such as Kiribati, the Maldives, Micronesia and Tuvalu – will experience the highest percentage of their land permanently submerged, each losing around 10% of their total land area.

Two million people currently live in areas of the Asia-Pacific that will be permanently flooded by the end of the century under the 1.5C warming scenario, according to the research.

Finance gap

Countries can reduce the impacts of coastal flooding through adaptation. This can include building flood defenses, making infrastructure more resilient to flooding, or arranging “managed retreat” to move people away from vulnerable areas as the seas encroach.

The study authors model the cost of building defences – such as sea walls, levees, embankments and sand dunes – high enough that the economic damage from coastal flooding over the 21st century does not worsen beyond 2020 levels.

The research highlights that the cost of investing in these defences is substantially lower than the potential economic damages of sea level rise.

The authors estimate that, under a 1.5C warming scenario, building flood defenses to limit flood damage to 2020 levels would cost $9bn in total. However, building these defences would avoid $157bn in damages due to coastal flooding, they find.

Dr Rafael Almar is a researcher at the Laboratory of Space Geophysical and Oceanographic Studies in France and was not involved in the study. He says the study has “significant implications for development banks and financial institutions” as it could help them prioritise investments in “clearly identified hotspots”. 

However, he emphasises that building flood defences “is not the only solution”. For example, he argues that “relocation and renaturalisation” – the process of moving people away from the coast and allowing the area to return to its natural state – can make an area “more resilient”.

Panda also warns that physical flood defenses “could actually be triggering further local environmental crises that accelerate the losses and damages faced by people due to sea level rise and flooding impacts”.

Sea walls have been shown to damage wildlife – for example, blocking animals such as turtles from reaching parts of the beach – according to an article in Climate Home News. The piece adds that physical defenses are “inflexible” and “mainly benefit the rich and encourage risky building near the coast”.

Sourcing money for developing countries to adapt to the impacts of climate change is an ongoing talking point at international climate negotiations. 

A group of developed nations, including much of Europe, the US and Japan, is obliged under the Paris Agreement to provide international “climate finance” to developing countries. This money can be used for both mitigation – reducing emissions to limit warming – and adaptation.

In 2023, developed nations provided $26bn in international adaptation finance to developing nations, according to a recent UN report. This is roughly the amount that Asia-Pacific countries currently lose every year due to coastal flooding alone.

The post Asia-Pacific faces ‘$500bn-a-year’ hit from rising seas if current policies continue appeared first on Carbon Brief.

Asia-Pacific faces ‘$500bn-a-year’ hit from rising seas if current policies continue

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