A major fund for biodiversity remains starved of resources more than five months after its launch – with no money yet put forward by the large companies who could contribute.
The “landmark” Cali Fund – which could generate billions of pounds each year – was created under the UN Convention on Biological Diversity (CBD) at the COP16 nature negotiations in Cali, Colombia last autumn.
Countries agreed that certain companies “should” pay into the fund, but this is not legally binding and donations are, ultimately, voluntary.
The fund is designed to be a way for companies who rely on nature’s genetic resources to share some of their earnings with the developing, biodiverse countries where many of the original resources are found.
Companies use genetic data from these materials to develop products, such as vaccines and skin cream.
Emails released to Carbon Brief under the UK Freedom of Information (FOI) Act show that companies were contacted with opportunities to be involved in the Cali Fund before its launch in February 2025.
Pharmaceutical giant AstraZeneca did not take up an offer from a UK government department to be a “frontrunner” in committing to donate to the fund, the emails show.
GSK, another major company in the sector, also did not confirm its position.
These are the UK’s two largest pharmaceutical companies and they could each potentially contribute tens of millions of pounds to the fund, based on current guidelines.
Earlier this year, a spokesperson for the CBD said that the first contributions to the Cali Fund could be announced in spring.
One US biotechnology company has pledged to contribute to the fund in the future, but, for now, the fund remains empty.
Company hesitancy could be “driven by industry bodies” who “don’t want unhappy precedents to be set” on the level of funding, a researcher who was involved in the fund negotiations tells Carbon Brief.
Lack of funds
Companies all around the world use genetic materials from plants, animals, bacteria and fungi to develop their products.
There are existing rules in place to secure consent and compensation, if companies or researchers physically travel to a country to gather these materials.
But, currently, much of this information is available in online databases – with few rules in place around the requirements needed for access. This genetic data is known as digital sequence information (DSI).

In an effort to close the loophole, almost every country in the world agreed in 2024 to set up the Cali Fund.
The agreement outlines that large companies in sectors including pharmaceutical, cosmetic, biotechnology, agribusiness and technology “should” contribute to the fund to share back a cut of the money they earn from the use of these materials. (See: Carbon Brief’s infographic on DSI.)
However, these contributions are voluntary. Many African and Latin American countries sought a legally binding mechanism around this issue at COP16, but this did not happen.
The fund officially opened at the resumed COP16 negotiations in Rome in February 2025.
With the fund still empty more than five months later, a spokesperson for the CBD secretariat tells Carbon Brief that a US-based biotechnology firm, Ginkgo Bioworks, is the first to “indicat[e] its intention to contribute”.
The CBD, also acting as the interim secretariat for the new fund, “continue[s] to engage with business associations to raise awareness and secure funding”, the spokesperson says.
They add that a decision-making body and a steering committee have been set up.

The CBD received “positive feedback and engagement” from companies about the fund, the UN biodiversity chief Astrid Schomaker said in a February press conference. She added that donations were expected “very soon”, but not in “massive numbers”.
Carbon Brief contacted Ginkgo Bioworks for comment, but did not receive a response in time for publication.
‘Frontrunner’ contributors
Through an FOI request, Carbon Brief received email correspondence between the UK Department for Environment, Food & Rural Affairs (Defra), major pharmaceutical companies AstraZeneca and GSK, and trade group the Association of the British Pharmaceutical Industry (ABPI) between August 2024 and April 2025. (Carbon Brief has uploaded the FOI documents it received to a Google Drive folder.)
A representative from Defra told AstraZeneca in December 2024 that they were contacting a “select number of companies that will likely be frontrunners with the Cali Fund and make contributions – leading the way for others to follow suit”.
The Defra employee said that they had received “some positive signals from these companies” and asked if AstraZeneca was interested in “demonstrating commitment in this start-up phase of the fund”. This email said:
“I hope this finds you well – and thanks for joining various calls over the last few weeks on DSI, it’s great to have you involved. I know that AZ have been really forward leaning on ABS issues in the past (including under your leadership) and now that we have the Cali Fund for benefit sharing from the use of DSI, I wondered if we might pick up the conversation on any role AZ might be able to take as an early mover in the ABS world?
“We are beginning to have conversations with a select number of companies that will likely be frontrunners with the Cali Fund, and make contributions – leading the way for others to follow suit – and we have had some positive signals. Do you think there might be any interest from AZ in demonstrating commitment in this start-up phase of the Fund? If it would be helpful to have a conversation to chat through, please do let me know and I’d be super happy to set something up.”
The AstraZeneca representative responded to say the company was “in the process of conducting an assessment to define our position” on the fund and that they would “welcome a conversation” when this concluded.
A Defra official contacted the company again in early January to say the government was preparing meetings between a member of the CBD secretariat and several businesses “that have shown some interest in leading others by making the first contributions to the fund”.
They asked if AstraZeneca was interested in attending this meeting. The company declined, but said it would be interested in future discussions.
An AstraZeneca spokesperson declined to respond to Carbon Brief’s questions, but Carbon Brief understands that the company is still reviewing its position on the fund.

Similar exchanges took place between representatives from Defra and GSK ahead of the Cali Fund launch.
GSK was invited to the same January meetings, but the company said nobody was available to attend. A Defra official contacted GSK in February to update on progress with the fund, outlining that it would be launched in Rome, “accompanied by a platform for announcements and press coverage”.
The Defra official asked GSK to let them know “if you think there might be any opportunities for GSK – we would obviously love to add your voice to the positive coverage”. The email read:
“As a broader update, we are still expecting the Fund to formally launch in Rome at COP16.2, and that will be accompanied by a platform for announcements and press coverage. We are also working with another CBD Party to explore the option of putting on some kind of reception for those businesses that are leading the way together.
“Please do let me know if you think there might be any opportunities for GSK – we would obviously love to add your voice to the positive coverage!”
They also asked if GSK would like to see a draft version of a press release from the CBD about the launch of the Cali Fund, along with other businesses “that are interested in being part of the launch”.
(The Cali Fund launch press release did not contain any quotes or donation announcements from companies.)
GSK said that it was “awaiting further clarification on a number of key elements” before making a decision on the Cali Fund and would respond “in due course”.
The company “support[s] the intent” behind the fund, a spokesperson tells Carbon Brief, adding:
“We’ll make a decision regarding voluntary contributions when more information becomes available about how the Cali Fund sits alongside other multilateral mechanisms.
“GSK was one of the first companies to publish a nature strategy and we continue to work on delivering our plan to address our nature impacts and invest in nature protection and restoration.”
A Defra spokesperson tells Carbon Brief:
“Nature underpins everything and those who profit from the use of genetic data should pay nature back. The Cali Fund provides the route for companies to do that.
“The government is committed to continuing to engage constructively with industry to drive contributions and champion the fund to protect nature and sustain innovation.”
The UK and Chile recently launched the “friends of the Cali Fund” group, which “brings together” governments and businesses to “champion” benefits sharing, a UK government statement said. Norway, Germany, the Netherlands and Colombia have also joined this group.
UK companies could contribute £64m
Contributions to the Cali Fund are voluntary. They will depend on whether companies that rely on the use of genetic data will then admit to using genetic materials and decide to pay into the fund.
The agreement behind the fund, which is not legally binding, outlined that companies “should” contribute 1% of their profits, or 0.1% of their revenue. These are an “indicative rate”.
Words that are more binding, such as “will” and “shall”, were included in non-paper negotiation texts during the talks. But the final agreement referred to a fund that companies “should” pay into, which was criticised by some experts at the time.
At least half of the money raised will go towards meeting the “self-identified” needs of Indigenous communities in developing countries, particularly women and young people.
The overall fund could generate between $1bn and $10bn each year, according to a 2024 analysis requested by the CBD.

The cache of information released under FOI to Carbon Brief also includes a report on the impacts of a mandatory payment for using digital sequence information, which was prepared for Defra by consultancy company ICF in July 2024.
It estimated that a mandatory 1% levy on the profits of large UK companies “who are considered DSI-dependent” could generate nearly £64m ($85m) for the fund.
The report compared three different benefit-sharing mechanisms around genetic data: a mandatory levy on UK profits/revenues; a flat fee; or a subscription fee.
All options would negatively impact on “innovation” to varying degrees, the report said, but a mandatory levy on profits was found to have the “least negative impact on competition and innovation”.

During the Cali Fund negotiations last October, the Guardian reported that AstraZeneca “said it may cut jobs” in the UK, if such a levy was introduced. An AstraZeneca spokesperson denied the comments, the newspaper said.
Based on the “indicative” contribution rates of 1% of profits or 0.1% of revenue, Carbon Brief estimates that AstraZeneca could potentially contribute as much as £41-66m ($54-88m) and GSK £31-35m ($41-46m) each year to the fund.
AstraZeneca reported revenue of £41bn ($54bn) and £6.6bn ($8.7bn) in profit before tax in 2024. GSK’s revenue that year was around £31bn ($40bn) and its pre-tax profit was £3.5bn ($4.6bn).
Lobbying concerns
At COP16, many observers were concerned about industry lobbying around digital sequence information.
DeSmog analysis of COP16 attendees highlighted the presence of big pharmaceutical companies, powerful industry groups and agribusiness at the talks.
The International Federation of Pharmaceutical Manufacturers and Associations (IFPMA), a global pharmaceutical trade group, said it had “serious concerns” about proposals around the fund at the start of COP16. The group said it would result in “regulatory and financial barriers that would stifle innovation, delay R&D [research and development] and complicate compliance”.
The emails obtained by Carbon Brief show that, in August 2024, a GSK representative told Defra that the company believed proposals for a “simplistic payment mechanism based on revenues would be disproportionate and could hinder the development of new medicines and vaccines”. This email said:
“You were asking for views on the call, so I also wanted to take the opportunity to share GSK’s perspective at this time. We are supportive of a practical and fair multilateral mechanism for benefit-sharing from the use of digital sequence information on genetic resources. The criteria for this mechanism listed in decision 15/9 are particularly important, specifically the fact that it must not hinder research and innovation.
“We are concerned that the current proposals for a simplistic payment mechanism based on revenues would be disproportionate and could hinder the development of new medicines and vaccines. We would support the consideration of other models, for example a subscription model whereby organisations that access open source DSI databases make a contribution to the global fund.
“This would have the benefit of broadening the base of contributors. Tiers could be established based on size of organisation, so that the contributions were proportionate and fair.”
The FOI release also shows that ABPI chief executive, Dr Richard Torbett, wrote a letter to UK nature minister Mary Creagh on 17 October 2024, a few days before the COP16 summit began.
He “urge[d]” the government to not agree on the details of a fund “until more work has been conducted to understand the implications of proposals”.
Torbett said that, if this was not possible, the ABPI wanted the government to support an option put forward by Japan and South Korea to introduce a voluntary funding mechanism.
Hesitancy potentially ‘driven by industry bodies’
In a statement after COP16, the IFPMA’s director general, Dr David Reddy, said the decision creating the Cali Fund “does not get the balance right between the intended benefits of such a mechanism and the significant costs to society and science that it has the potential to create”.
The FOI release obtained by Carbon Brief includes a 20 March 2025 document from the ABPI discussing possible future changes to the fund.
The group said the fund “contains and omits several features which make it unlikely to attract significant contributors”. The ABPI “cannot over-emphasise the importance” of the fund being voluntary, the document said, with companies “free to decide” if and how much they want to contribute.
The ABPI urged the UK to discourage any country-level implementation of the COP16 digital sequence information agreement, arguing that “conflicting” action on a national, rather than global, level would “reduce the (already weak) incentives to contribute to the Cali Fund”.
The ABPI also criticised the agreed 0.1% and 1% contribution rates for companies, saying they are “regarded by industries generally as being unrealistic and likely to impact innovation”.

The ABPI declined to respond to Carbon Brief’s questions and referred Carbon Brief to the global trade group, the IFPMA. A spokesperson for the IFPMA also declined to respond to questions and pointed towards the company’s public statements on the issue.
Dr Siva Thambisetty, an associate professor of law at the London School of Economics and Political Science and project lead on an ocean biodiversity research group, believes the first contribution to the fund is a “prize that’s just waiting to be won”. She tells Carbon Brief:
“It would be an absolute coup for a responsible DSI company to be the first to make a contribution to the Cali Fund. Investors should be very interested in that company, for instance.
“We’ve got to move to a biodiversity market where investors are asking whether companies they invest in are contributing to remedy and repair at a global level through appropriate monetary benefit sharing.”
Thambisetty believes that this is “low-hanging fruit”, but acknowledges that companies have varying opinions on the fund and that the “majority might be unsure how to deal with this”. She adds:
“I think the hesitancy is mostly being driven by industry bodies because they don’t want unhappy precedents to be set. There is a collective action problem and the first company to break cover will be sending a signal that will be received differently by different people.”
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Revealed: ‘Cali Fund’ for nature still empty as emails show industry hesitation
Climate Change
Factcheck: No, Europe’s heatwaves are not being ‘caused’ by declining air pollution
This summer has seen Europe suffer through a series of record-breaking heatwaves.
Amid widespread media coverage of the number of deaths and the influence of climate change, the UK’s Daily Telegraph reported on new research with the incorrect headline: “Heatwaves caused by fall in pollution.”
The article was shared on social media by Richard Tice – deputy leader of the hard-right, climate-sceptic Reform UK party – along with a number of prominent rightwing commentators.
Tice claimed that “net stupid zero is contributing to rising temperatures, not helping”, adding that “we have been gaslit and lied to”.
GB News followed up with its own article, incorrectly headlined: “Britain’s scorching heatwaves caused by falling pollution levels, researchers find.”
Scientists tell Carbon Brief that the framing of heatwaves being “caused” by declining air pollution is “wrong”.
While a drop in pollution has reduced the cooling impact it has had in the past, the scientists say, Europe’s summer heatwaves are primarily becoming more extreme “as a result of greenhouse-gas-induced warming”.
Another scientist adds that “any attempt” to link this research to net-zero policies is “simply wrong”.
Fast warming
The extensive reporting around Europe’s heatwaves in recent months has often mentioned that Europe is the world’s fastest-warming continent.

The new study in question aims to unpack why Europe’s summer temperatures are rising more quickly than other regions of the northern hemisphere’s mid and high latitudes.
The research – published in Geophysical Research Letters – explores the role of air pollution and, specifically, how it affects circulation patterns in the atmosphere.
(The study focuses on long-term trends in European summers and does not include the very recent heatwaves.)
Human-caused emissions of aerosols – tiny, light‑scattering particles produced mainly by burning fossil fuels – have long acted to “mask” global warming. This is largely because they absorb or reflect incoming sunlight and influence the formation and brightness of clouds.
To understand how the climate of Europe – or any region – is changing, scientists need to take into account a whole range of factors, says Prof Bjørn Samset, a research professor at Norway’s Center for International Climate Research (CICERO), who was not involved in the work.
This includes “greenhouse gases, aerosols, land-use change, natural variability and how they all interact”, he says, adding:
“The effects of air pollution on circulation, which is the topic here, has long been difficult to pin down.”
As European countries improved their air quality through the second half of the 20th century, the cooling effect of aerosols has gradually been removed.
This can boost heatwaves in two ways – directly, by letting more sunlight reach the land surface and, indirectly, by influencing the jet stream.
Using hundreds of simulations from nine climate models, the new study finds that a decline in aerosols is resulting in more frequent “quasi-stationary Rossby waves”.
Rossby waves are huge meanders in the jet stream. Occasionally, they become slow-moving – or “quasi-stationary” – which allows weather systems to get stuck over one region, leading to prolonged heatwaves.
These circulation changes have contributed to Europe’s rapidly warming summers.
However, while Europe’s heatwaves are being influenced by declining aerosols, it is “wrong” to say they are being “caused” by them, says Prof Erich Fischer, a climate scientist at ETH Zurich.

Fischer, who was not involved in the study, tells Carbon Brief:
“Heatwaves are caused by high-pressure systems and are now much more frequent and intense because they are happening in a climate that is much warmer than 100 years ago as a result of greenhouse-gas-induced warming.
“The paper shows that the greenhouse-gas-induced summer warming had been temporarily masked by air-polluting aerosols. The full extent for European summers only becomes visible now as the air-polluting aerosols have declined.”
Samset adds:
“Air pollution never causes or removes global warming, it only temporarily moderates it.”
Study lead author Dr Pedro Roldán‐Gómez, an associate researcher at the Barcelona Supercomputer Centre, is quoted in the Daily Telegraph saying that “most” of the “excess warming” in Europe, beyond that of comparable regions in the northern hemisphere, can be linked to declining aerosols.
But, earlier in the article, the newspaper interprets this as, simply, “most of the extra heat experienced in Britain and Europe” is down to air pollution.
GB News uses a similar phrasing, reporting that “much of the additional warming across Britain and western Europe since the 1980s is linked to the sharp decline in airborne particles known as aerosols”.
This is “misleading”, says Fischer, while Roldan-Gomez tells Carbon Brief that this is a “tricky point”, which “could lead to wrong interpretations if not properly explained”. He adds:
“The contribution of greenhouse gases is, in any case, the most important factor.”

Cleaner air
The Daily Telegraph’s article was seized upon by Reform’s Richard Tice to claim that “cleaner air” was causing higher temperatures, rather than CO2.
This continued his position – refuted by long-established climate science – that CO2 does not drive global warming.

Tice also claimed in his post that net-zero policies are “contributing to rising temperatures”. Tice appears to be linking declining air pollution to a shift from fossil fuels to renewable energy.
Samset points out that net-zero became a goal “decades later” than the cumulative efforts to reduce air pollution since the 1980s and that it is “simply wrong” to link it to the study.
“The scientific community will keep working to understand how greenhouse gas warming and air pollution interact,” he says, but “nothing we do will change the fact that the consequences of global warming are due to human-induced CO2 emissions”.
Fischer adds:
“Let us not forget that cleaning up air-polluting aerosols is highly desirable. According to the World Health Organisation, 7 million people still die prematurely every year due to air pollution.”
Clean air legislation
Finally, the Daily Telegraph article and the study itself both attribute Europe’s declining air pollution from the 1980s onwards to the Montreal Protocol.
This is a “glaring error”, Samset says, and it is “surprising that it wasn’t picked up” in the peer-review process for the study. He explains:
“The Montreal Protocol did not deal with air pollution. It dealt with ozone-depleting gases and has been an extremely successful multi-national effort against environmental damage. “
Clean air legislation was already in place in many European countries by the time the Montreal Protocol was signed in 1987, says Samset.
In response, Roldán‐Gómez says that while the protocol did not target aerosols specifically, it “boosted the clean air policies”.
The post Factcheck: No, Europe’s heatwaves are not being ‘caused’ by declining air pollution appeared first on Carbon Brief.
Factcheck: No, Europe’s heatwaves are not being ‘caused’ by declining air pollution
Climate Change
Access to finance ‘strengthens climate resilience’ among sub-Saharan women
Empowering women through greater access to finance could “strengthen” households’ resilience to “climate shocks”, according to a new study.
Published in Climate Risk Management, it analyses the impact of financial access on “women-headed households” in sub-Saharan Africa.
The study finds that where women had formal financial access – such as through owning a bank account – households were more able to withstand short-term shocks.
It adds that “climate shocks”, such as extreme weather events and the impacts of climate change, can cause economic crises, which destabilise communities and households.
However, the authors say that in order to protect households from long-term climate vulnerabilities – including “droughts, floods and sea-level rise” – financial access would need to be paired with wider efforts to tackle gender inequality.
They add that the findings could have important implications for policy in sub-Saharan Africa, where many countries and households are vulnerable to climate disasters.
Financial inclusion
The study highlights that entrenched gender disparities mean many women still have unequal access to financial services in sub-Saharan Africa
For example, women are still less likely to have their own bank accounts and instead are often dependent on male relatives for access to finance.
The number of women with access to an account in the region had risen to 52% as of 2024, according to data from World Bank Group.
However, as shown in the chart below, the gap between men and women has also increased, rising from just under 5 percentage points in 2011 to 12 in 2024.

Using survey data from Afrobarometer, the new study analyses 25,511 women-headed households across 37 sub-Saharan countries.
The authors use the Organisation for Economic Co-operation and Development’s (OECD) framework to measure “financial inclusion”. This looks at factors such as having a bank account, owning a mobile phone and having internet access.
Francis Anaisie, a co-author on the study, tells Carbon Brief the researchers were motivated by the UN’s sustainable development goals (SDGs). Anaisie, an economist at the University of Cape Coast, Ghana, says the study specifically looked at SDGs five and 13, on gender equality and addressing climate issues. He adds:
“Financial inclusion is one of the key policy tools for empowering women or for empowerment. But as to whether this actually translates into better climate outcomes for women is not known or is limited; this study seeks to address that gap.”
The study finds households with higher levels of financial access for women had higher levels of women’s empowerment, when this is defined as the ability to make choices and have control over economic and social outcomes.
This was checked by cross-comparing financial access against different measures of women’s empowerment, such as financial security, voting rights and connection to communities.
In particular, the study found that “financially included” women had greater political and economic empowerment, such as financial security and voting rights. On some measures of social empowerment, however, the link was weaker – financial access alone was not enough to erase cultural and social barriers to gender equality.
Women and climate change
It has been well documented that women are more vulnerable to the impacts of climate change than men.
Environmental shocks affect women disproportionately due to a range of factors. These include income disparities, higher rates of displacement and unequal access to land.
Financial inequality and barriers to economic resources, such as needing internet access to make digital payments, play a key role in climate vulnerability, says Tracy Kajumba. She is director for the Least Developed Countries initiative for Effective Adaptation and Resilience (LIFE-AR) interim secretariat at the International Institute for Environment and Development (IIED).
Kajumba, who was not involved in the study, explains to Carbon Brief:
“Women are on the front line doing farming, planting, harvesting and these things that are all impacted [by climate change]. If they don’t have the income to invest either in drought-resistant crops or water-saving technologies, it becomes difficult for households to adapt.”
Calculating climate resilience
The new study measures the impact of financial inclusion on women’s empowerment and, in turn, on climate resilience.
It evaluates a household’s ability to withstand and recover from “shocks and stressors” by using a UN Food and Agriculture Organization metric for “resilience index measurement and analysis” (RIMA).
For example, questionnaires are used to gather information about households in certain areas. The data is then used, together with key indicators, to quantify a household’s resilience to food insecurity, climate variability and economic crisis, amongst other risks.
The 25,511 households surveyed across sub-Saharan Africa were found to be relatively resilient overall and had a high capacity to bounce back from climate shocks. However, they had much lower ability to adapt, in order to build protective capacity in advance of extreme events.
In addition, the study finds that women’s financial empowerment had a positive impact on a household’s ability to “absorb” a climate shock, suggesting that financial access is critical for responding to climate change.

Increased empowerment through financial access enables women to make decisions about planting crops, to access credit in emergencies and to buy or sell food at a better price, the study notes.
For example, it says increased financial access and women’s empowerment help households to deal with the immediate consequences of an extreme weather event, such as a drought. This could be through building community mutual-support networks and by enabling access to savings, to keep the household running.
Anaisie says the study shows women’s empowerment has a significant impact on climate resilience. He tells Carbon Brief:
“If we include women in the financial system, in the case of any climate issue they can save, they can be independent, they can rely on investment to absorb these shocks. This empowerment will help them to be more resilient to climate shocks…We can make progress because SDG goals are all about inclusiveness. It’s all about inclusive growth.”
However, the study notes that financial access does not necessarily create long-term change, which would make the household less vulnerable to extreme weather in the first place.
The authors suggest that lasting structural and cultural change is important for bringing about long-term resilience. They say that policies to address gender inequalities would help bring this about.
They say such policies could include gender-sensitive agricultural credit schemes, subsidised climate insurance for women farmers in drought-prone regions, joint land-titling programmes and quotas for women in local climate-adaptation committees.
Such policies would have helped women impacted by recent severe floods in Ghana to protect their savings, Anaisie explains. He tells Carbon Brief:
“Women are engaged in economic activities, especially informal activities. They have resources and money, but when the flood came in, many women lost that. If they had access to insurance, this flood wouldn’t have cost them that much.
“So, if the government comes out with financial initiatives, training, civic education and gender-focused initiatives, leadership training, women will be empowered and this will translate into their resilience with regards to climate change.”
Addressing climate vulnerability in sub-Saharan Africa
The study could have policy implications for sub-Saharan Africa, a region particularly vulnerable to the effects of climate change. The region faces increasingly extreme weather, heatwaves, droughts, wildfires and floods, as well as food scarcity and threats to crops.
The study suggests that policies to address structural and cultural barriers to women’s financial autonomy could be a key way to build climate resilience across the region.
However, it recognises that even where financial access is expanded, gender norms and cultural constraints continue to shape women’s social empowerment. This, in turn, affects their ability to adapt to climate change in the long term.
Ultimately, addressing structural inequalities is needed to minimise climate vulnerability, says Kajumba. She adds that supporting adaptation with financial access can allow households to absorb shocks without falling into poverty – and to rebuild after climate impacts.
Kajumba says that supporting adaptation with women’s financial access can allow households to absorb shocks without falling into poverty – and to rebuild after climate impacts. She adds:
“When they are supported [with] microloans, savings and all that, you will see change in income, change in households, change in health and education for the children as well.”
However, Kajumba notes that structural inequalities still “amplify” women’s vulnerability to climate impacts and make it harder for them to exercise agency and leadership. She adds:
“The tools that are being used are not always favourable for women…When we look at women in leadership and participation, you cannot lead or you cannot participate unless you have some level of income.”
The post Access to finance ‘strengthens climate resilience’ among sub-Saharan women appeared first on Carbon Brief.
Access to finance ‘strengthens climate resilience’ among sub-Saharan women
Climate Change
State of the climate: Rapidly developing El Niño raises chance of record-warm 2026
As 2026 passes its halfway point, the world is watching one of the most rapidly intensifying El Niño events in the modern record take shape in the tropical Pacific.
The developing El Niño is boosting expectations for global temperatures, both this year and next.
El Niño is the warm phase of a recurring climate pattern in the tropical Pacific that releases heat from the ocean into the atmosphere, temporarily raising global temperatures and reshaping rainfall and extreme weather around the world.
Carbon Brief’s “state of the climate” report in April gave 2026 a 19% chance of setting a new global temperature record.
That chance now stands at 35% – a near-doubling in four months – with virtually all of the change driven by ever-stronger El Niño forecasts.
The key findings from the first half of 2026 include:
- The first six months of 2026 were the third-warmest start to a year on record – around 1.4C above pre-industrial levels – behind only 2024 and 2025.
- While the first few months of the year came in as the fourth or fifth warmest, both May and June were the second-warmest ever recorded as El Niño conditions took hold.
- El Niño conditions arrived in April and reached the threshold for a “strong” event by June, when the Niño3.4 index reached 1.6C. Of the 667 model runs Carbon Brief examined, 91% project a peak later this year that is above the strongest El Niño in history.
- The chance that 2026 beats 2024 as the warmest year on record has risen to 35%. Carbon Brief’s central estimate remains that 2026 will be the second-warmest year, at around 1.51C above pre-industrial levels.
- Whether 2026 sets a record will depend on the dataset: the odds range from around two-in-three in NASA and Berkeley Earth data to around two-in-10 in ERA5 and one-in-10 in the JRA-3Q reanalyses.
- June 2026 was western Europe’s hottest June on record, amid a heatwave that set hundreds of individual records. Nearly 9% of the world’s surface saw record June warmth.
- The developing El Niño will have its largest impact on 2027, which Carbon Brief projects to be around 1.7C above pre-industrial levels – this would comfortably set a new record for the warmest year.
- Arctic sea ice has spent 39 days of 2026 so far at, or below, record daily lows following its joint-lowest winter maximum in the satellite era.
Third-warmest start to a year
Carbon Brief analyses records from six different groups that report global surface temperatures: NASA GISTEMP, NOAA GlobalTemp, Hadley/UEA HadCRUT5, Berkeley Earth, Copernicus/ECMWF ERA5 and the JMA JRA-3Q reanalysis.
The first half of 2026 was the third warmest on record in every one of the six datasets, behind only 2024 and 2025. The figure below shows annual temperatures since 1970, along with the 2026 year-to-date average (January-June) for each group.

January 2026 was only the fourth- or fifth-warmest January on record, as lingering weak La Niña conditions suppressed temperatures. Since then, each month has climbed the rankings.
La Niña is the cool phase of the El Niño-Southern Oscillation (ENSO). It typically brings wetter conditions to Australia, Indonesia and equatorial South America and drier conditions to the southern US.
March was second-to-fourth warmest across datasets, April the third and both May and June were the second warmest ever recorded, behind only the corresponding months of 2024.
The chart below shows how June 2026 (thick red line) came in around 0.08C below the June record set in 2024 in the average of the six datasets.
Meanwhile, Copernicus reported that global sea surface temperatures over the ice-free oceans set a new June record.

A record-breaking El Niño
ENSO is the largest source of year-to-year variability in global temperatures.
The most common way to assess the strength of an El Niño or La Niña event is by looking at the sea surface temperature anomaly in the “Niño3.4” region of the tropical Pacific.
El Niño and its sister La Niña occur when temperatures in the tropical Pacific are more than 0.5C (El Niño) or less than 0.5C (La Niña) below normal, where normal is defined by removing the effects of long-term climate change.
The thresholds for defining the strength of an El Niño or La Niña are above/below 1C for “moderate” events, 1.5C for “strong” events and 2C for “very strong” (or “super”) events.
After two years dominated by La Niña conditions, the tropical Pacific flipped decisively in April when the Niño3.4 index crossed the 0.5C El Niño threshold. It subsequently reached 1C in May and hit 1.6C in June, marking one of the fastest onsets in the observational record.
In the first few weeks of July, the index shot above 2C, significantly outpacing the speed at which any prior El Niño events developed.
Forecast models expect even more to come.
An analysis by Carbon Brief of the median of 667 model runs from 14 different modelling groups suggests that sea surface temperatures in theNiño3.4 region could peak at 3.59C between July and December.
More than 91% of runs predict the strongest El Niño event in the modern record. The previous record was set during the event of 2015-16, when temperatures peaked around 2.75C.
This is shown in the chart below, which features a histogram of the likelihood of different possible 2026 El Niño peaks across all the models on the top. The forest plot beneath shows the best estimate and range of outcomes predicted by each individual model.

The median forecast in every one of the 14 models suggests a peak that exceeds the 2C “super” El Niño threshold, with most models peaking in November or December.
Some caution here is warranted, however. Raw model Niño3.4 anomalies are measured against a fixed climatology. Because the entire tropical ocean has warmed due to human-caused greenhouse gas emissions, the models tend to overstate event strength relative to the historical record.
A cleaner comparison uses the relative Niño3.4 index (RONI), which subtracts the average tropical ocean warming.
This relative measure suggests the median forecast peak for El Niño in the latter half of 2026 is 3.1C. The prior record stands at a lower 2.69C, set in 1982-83.
Nevertheless, 77% of model runs still show a new record event occurring. This is shown in the chart below.

In summary, on both indexes, the central expectation is now for the strongest El Niño in the observational record.
Model forecasts made in the spring and early summer have historically shown some bias toward overpredicting event strength. However, forecasts made after the spring are considerably more reliable.
Widespread record warmth and a massive European heatwave
The map below shows the temperature anomaly for the first half of 2026 in the ERA5 dataset, relative to a 1981-2010 baseline period.

It shows how the largest warm anomalies were found across the Arctic – particularly north of Scandinavia and Svalbard – as well as western Europe, the western US, northern Mexico, central Asia, western China, eastern Russia and the Antarctic Peninsula region.
The developing El Niño is clearly visible as a tongue of warm anomalies stretching along the equatorial eastern Pacific. Only a few regions – central Canada, Alaska and parts of the Southern Ocean – saw temperatures below the 1981-2010 average.
Where 2026 ranks against history is even more striking. The map below shows where the period of January-June 2026 ranked among all 87 years in the ERA5 record, which stretches from 1940 to 2026. Grid cells marked in red saw temperatures in the first half of the year that were in the top-five warmest years.

More than 30% of the global surface had a top-five warmest start to the year and 7.1% saw its warmest on record, including much of western Europe, the eastern equatorial Pacific and the seas around Japan.
Not a single grid cell had a top-five coolest start to the year. In June alone, 8.9% of the world’s surface saw record warmth for the month. This is illustrated in the map below, where grid cells marked in red saw temperatures that were in the top-five warmest years and grid cells in blue in the top-five coolest.

The standout regional temperature event was a heatwave that struck Europe in late June.
Western Europe had its hottest June on record, recording an average temperature of 3.05C above the 1991-2020 average and beating the record set only a year earlier, according to Copernicus. A heat dome over 22-30 June broke 10 all-time national heat records and around 400 long-record station records.
France set a new June national record of 44.3C, while the UK broke its June record on three consecutive days, reaching 37.3C. The humid heat drove a death toll estimated in the thousands.
A separate heat dome also brought record June temperatures to parts of North America in late June.
On track to be second warmest, but a real chance at first
Carbon Brief’s updated projection for 2026 as a whole combines the observed January-June temperatures with the latest El Niño forecast. It uses a statistical model trained on the historical relationship between the first half of the year, ENSO conditions and annual temperatures observed over 1950-2025, excluding major volcanic eruption years.
Carbon Brief estimates that 2026 will be around 1.51C above pre-industrial levels, with a 90% range of 1.45C to 1.57C, shown by the yellow dot in the chart below.
This is up from 1.47C in the projection set out in April – and is notably more certain now that half the year has passed.
This central estimate would make 2026 the second-warmest year on record, just below 2024 (1.52C) and ahead of 2023 (1.43C) and 2025 (1.41C).

Carbon Brief’s modelling puts the chance that 2026 beats 2024 as the warmest year on record at 35%, using the average of the six different surface temperature records assessed. It puts the chance that 2026 comes in above 1.5C at around 63%.
If it does, 2026 would be the second calendar year – after 2024 – where warming averaged above 1.5C, in a further sign that the world is rapidly approaching the Paris Agreement’s 1.5C limit.
A single year above 1.5C does not by itself constitute a breach of the goal, which refers to the longer term average temperature of the planet. This is defined as the midpoint of a 20-year period by the Intergovernmental Panel on Climate Change (IPCC).
These likelihood of a record have been climbing rapidly throughout 2026.
Global temperatures so far throughout the year have run well below the record-setting levels of 2024 – around 0.13C cooler over the first six months.
On their own, temperatures observed so far in 2026 would make a new annual record unlikely.
However, rerunning the projection using only the data available at the end of each month since March – including both the year-to-date observations and the El Niño forecast issued that month – shows a shifting picture.
Using March data, 2026 had just a 7% chance of setting a new record. That rose to 16% in April, 24% in May, 27% in June and 35% using the latest data in mid-July.
This is shown in the chart below.

Notably, this rise has little to do with observed temperatures. The year-to-date anomaly has actually drifted slightly down, from 1.41C after March to 1.39C after June.
Observed temperatures and fewer remaining months of the year contributed only around four percentage points of the 28-point rise in the likelihood; the remaining ~84% of the change comes from successive upward revisions to the El Niño forecast for late 2026.
However, whether 2026 ends up becoming the warmest year on record may end up depending on which dataset is used.
Running the same projection gives odds of a 2026 record of around two-in-three for Berkeley Earth (66%) and NASA GISTEMP (65%), but only 35% for HadCRUT5, 24% for NOAA and just 13% and 9% for the ERA5 and JRA-3Q reanalyses, respectively.
This is shown below.

The divergence between projections mostly reflects how exceptional each dataset’s 2024 was.
The reanalysis approaches recorded a particularly warm 2024, leaving 2026 more ground to make up. GISTEMP and Berkeley, on the other hand, project 2026 modestly above their 2024 values.
A repeat of the situation in 2015 where different groups disagreed on record rankings is a real possibility. Headlines in January 2027 may hinge on choices of dataset.
2027 likely to be the warmest year in human history
The biggest climate story of the developing super El Niño may not be 2026 at all.
Global temperatures typically lag in the tropical Pacific by around three months. So, an El Niño event peaking in November and December 2026 will have its largest warming influence on 2027.
We saw this same pattern occur in 1997-98, 2015-16 and 2023-24 – where the year in which the El Niño developed was warm, but the following year was record-smashing.
Carbon Brief has extended its projection into 2027 by using the historical relationship between year-over-year temperature changes and ENSO conditions in the preceding autumn.
This yields a best estimate for 2027 of around 1.71C above pre-industrial levels, with a 90% range of 1.49C to 1.93C. This is shown by a yellow square on the chart below.

That would give 2027 a 92% chance of setting a new global temperature record and a 94% chance of exceeding 1.5C.
Taking 2026 and 2027 together, there is a 93% chance that at least one of the two years sets a new record.
The 2027 estimate is more uncertain than the 2026 one. As with 2026, there are uncertainties in the projection due to unknowns around exactly how strong the El Niño peak proves to be and how quickly it decays.
However, even the low end of the 2027 range would put it among the warmest years on record and the central estimate of 1.71C would exceed 2024 by nearly 0.2C.
If these projections bear out, the 2020s will have delivered new global temperature records in 2023, 2024 and 2027 – and potentially 2026 too – with a number of individual years well above the 1.5C threshold.
The long-term warming trend, driven by human emissions of carbon dioxide and other greenhouse gases, has increased from around 0.18C per decade in the early 2000s to around 0.27C per decade today. El Niño and La Niña play a big role in determining which years along that rising path stand out as records.
Arctic sea ice at record lows
Arctic sea ice has spent much of 2026 in record-low territory.
Following the joint-lowest winter maximum in the satellite record in mid-March, daily extent has set or tied record lows for the date on 39 days so far this year, including extended spells in mid-to-late March and in early-to-mid June.
The most recent record-low days were in early July.
The chart below shows how Arctic sea ice in 2026 (dark red line) has been below the historical range (shaded red).
It also shows how Antarctic sea ice (dark blue), meanwhile, has remained below the 1979-2010 range for almost all of 2026 to date.

As of mid-July, Arctic extent is a bit below the 1979-2010 historical range for the date, though it remains around 0.6m square kilometres (km2) larger than the record low for the date set during 2020’s exceptional summer melt season.
The trajectory over the coming two months will determine whether 2026 challenges 2012’s record September minimum. Early-summer conditions are a poor predictor of the September minimum, which depends heavily on summer weather.
Antarctic sea ice, meanwhile, is currently around 300,000km2 below the historical envelope, but has stayed well clear of the record lows set in 2023 and has not set any new daily records yet this year.
Q&A: Europe’s May and June heatwave deaths – and how they were counted
Guest post: France’s June heatwave caused more than 2,700 heat-related deaths
Guest post: Climate change has caused one-fifth of Pine Island glacier retreat
Media reaction: How climate change intensified Europe’s record-breaking June heat
The post State of the climate: Rapidly developing El Niño raises chance of record-warm 2026 appeared first on Carbon Brief.
State of the climate: Rapidly developing El Niño raises chance of record-warm 2026
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