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Rich countries have said they are on track to double their finance to help developing nations adapt to climate change by 2025 – but a new UN report shows that meeting this goal would cover just a tiny fraction of what poorer countries need to become more resilient to extreme weather and rising seas.

Adaptation finance provided by wealthy donors jumped by just over a quarter from $22 billion in 2021 to around $28 billion in 2022, led by an increase from multilateral development banks like the World Bank and the African and Asian Development Banks, the report showed.

Another report published on Monday by the UK’s foreign ministry, on behalf of developed countries, said the increase meant “efforts are on-track” for those countries to honour a promise they made at the COP26 climate summit in 2021 to double their finance from 2019 levels to around $40 billion by 2025.

But while United Nations Environment Programme Executive Director Inger Andersen called this an “encouraging sign” on Thursday, she added that “even achieving this goal would only reduce the adaptation finance gap by about 5%”.

The adaptation finance gap is the difference between the amount of money flowing towards adapting to climate change and the needs of developing countries. According to UNEP’s Adaptation Gap Report, published this week, those needs are estimated at $215 billion-$387 billion a year.

That compares with international public funding of over $28 billion in 2022, plus a further $3.5 billion mobilised from the private sector using public money to provide incentives. This leaves what UNEP describes as an “extremely large” gap.

Debt burden “injustice”

As well as quantity, developing countries and climate campaigners are concerned about the quality of adaptation finance. About three-fifths of the finance in 2022 came in the form of loans rather than grants, meaning it has to be paid back.

At the Adaptation Gap Report launch, Andersen said it is an “injustice that countries that have taken on debt to do activities in line with their development plan, get hit by catastrophic climate events and get put 20 years back”.

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Mattias Söderberg, chief advisor at humanitarian NGO DanChurchAid, told Climate Home it was unfair to make developing countries that have contributed little to planet-heating emissions borrow money to adapt to it. He described it as like crashing someone’s car and then suggesting you’ll lend them the money to fix it.

“Adaptation is specifically needed in the poorest and most vulnerable countries, where debt is already a huge challenge,” Söderberg added.

Adaptation talks resume

At COP28 in Dubai last year, developing countries were disappointed that the talks did not set a new goal to provide finance and other forms of support for their adaptation efforts under wider negotiations on how to measure progress towards the “Global Goal on Adaptation”.

These discussions are likely to flare up again at COP29 in the next two weeks, where developing countries and climate justice campaigners are set to push for a clear target for adaptation funding as part of a new global climate finance goal due to be decided in Baku.

The African Group’s chief negotiator Ali Mohamed, from Kenya, told a recent webinar that adaptation would be his group’s “top priority”, as the continent’s low emissions and high climate vulnerability mean “adaptation is everything for us”.

(Reporting by Vivian Chime; editing by Joe Lo and Megan Rowling)

The post Rich nations “on track” to double adaptation finance but huge gap persists appeared first on Climate Home News.

Rich nations “on track” to double adaptation finance but huge gap persists

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Major oil producers among 46 nations joining fossil fuel phase-out summit

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Forty-six countries, including major oil, coal and gas producers such as Canada, Australia, Brazil and Norway, have confirmed they will attend next month’s first conference on speeding up the global shift from fossil fuels, the Colombian government said on Tuesday.

The summit, being held in the Colombian port city of Santa Marta from April 24-29, aims to cement an international coalition of nations committed to ending the world’s reliance on planet-heating oil, coal and natural gas. 

The conference represents an “unprecedented opportunity” for the energy transition as it brings hydrocarbon-producing nations together with fossil fuel consumers and countries at the forefront of the climate crisis, Colombia’s acting environment minister, Irene Vélez Torres, said in a statement.

“Despite our differences, all participants agree on the need to prioritize science and to move forward, urgently and in a coordinated manner, toward phasing out the production and consumption of natural gas, coal, and oil,” she added.

    Who is going to Santa Marta?

    Canada is the largest fossil fuel producer confirmed to attend. The country accounts for roughly 6% of global oil output and 5% of gas production, with both sectors expanding over the past decade, according to the Energy Institute.

    Its powerful fossil fuel industry continues to push for increased production and new export markets, particularly in Asia. However, further investment risks creating stranded assets, according to a recent report by Carbon Tracker. Canada’s latest national climate plan did not include any concrete measures to curb its fossil fuel production.

    Australia will also be represented in Santa Marta as co-host of the COP31 climate summit. One of the world’s largest exporters of coal and liquefied natural gas, Australia supplies energy-hungry markets across Asia. The centre-left government led by Anthony Albanese has approved 36 new or extended fossil fuel projects since taking office in 2022, according to the Climate Council.

    Fellow COP31 co-host Turkey is also set to attend. Despite growing investment in renewables, the country remains heavily reliant on coal power. Murat Kurum, the incoming COP31 president, said last month that emissions cuts should not come at the expense of economic growth. “We cannot simplify things down to only fossil fuels,” he said.

    Norway, another participant, has built its wealth on oil and gas exports and has become a key supplier to Europe following Russia’s invasion of Ukraine. While positioning itself as a climate leader, Norway argues its relatively low-emissions production can help meet demand during the transition, a stance critics say undermines global efforts to phase out fossil fuels.

    The list of participants also includes Brazil and Mexico, both among the world’s top oil producers; Angola, one of Africa’s leading oil exporters; Senegal, which only began producing oil two years ago; and Trinidad and Tobago, where hydrocarbons generate around half of government revenue. Vietnam remains heavily dependent on coal for power generation but is working with wealthy nations to accelerate a shift to renewables.

    Notably absent are the world’s largest fossil fuel producers and consumers, including the United States, Saudi Arabia and Russia, which together account for nearly half of global oil production. The biggest coal producers, China and India, are also not on the current list of participants.

    Attendees also include nations that are highly vulnerable to the climate crisis primarily caused by burning fossil fuels, including island nations Palau, Fiji and Vanuatu, and Sierra Leone.

    More momentum than commitments

    The Santa Marta conference is expected to deliver political momentum rather than binding commitments, with organisers aiming to launch a “coalition of the willing” to advance a fossil fuel phase-out outside the constraints of UN consensus negotiations.

    The outcomes of the summit are also expected to inform discussions at COP31, where an informal roadmap to transition away from fossil fuels drafted by the Brazilian COP30 team is expected to be delivered.

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    Andreas Sieber, head of political strategy at campaign group 350.org, told Climate Home News that “starting with a coalition of doers creates momentum”.

    “This also comes at a critical point in time, when ordinary people bear the cost of fossil fuel volatility and geopolitical shocks,” he added. “These countries can demonstrate what credible transition looks like and compel others to follow”.

    Colombia’s Vélez Torres said last week that the global energy shock triggered by the U.S.-Israeli war on Iran could give countries the chance to build a “new geopolitical balance” by boosting the transition away from fossil fuels.

    The post Major oil producers among 46 nations joining fossil fuel phase-out summit appeared first on Climate Home News.

    Major oil producers among 46 nations joining fossil fuel phase-out summit

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    Ocean Treaty passes Australian Parliament, a “historic moment” for nature protection

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    CANBERRA, Tuesday 31 March 2026 — Greenpeace Australia Pacific has welcomed the Parliament’s ratification of the Global Ocean Treaty, creating the opportunity for world-first high seas ocean sanctuaries.

    Environment Minister Murray Watt today announced the treaty, the most significant global nature protection agreement in a decade, will be ratified by the Australian parliament. The bill has now passed the Senate and House of Representatives with support from the major parties, clearing the final hurdle towards ratification.

    David Ritter, CEO at Greenpeace Australia Pacific, said: “Ratifying the Global Ocean Treaty is genuinely historic. At a time of unprecedented pressure from destructive industrial fishing, severe climate impacts, plastic pollution and mining, Australia has chosen to join the global effort to protect our magnificent oceans.”

    Australia was one of the first countries to sign its intent to ratify the treaty in 2023, and we have a long and distinguished history of leadership on global ocean protection. Under the new treaty Australia has the necessary legal tools to drive the creation of high seas ocean sanctuaries.

    “The Global Ocean Treaty is the most significant global nature agreement for many years, and has the power to protect the world’s high seas and safeguard precious and endangered wildlife,” Ritter added.

    “With the Treaty now in force, Australia has an important opportunity to drive the creation of ocean sanctuaries on the high seas that are fully protected, no-take zones, which will allow wildlife populations to recover and thrive.

    “We thrill at the whales and albatross, and all of the animals of the deep wild oceans, great and small–and now the world has the legal ability to protect them by creating high seas sanctuaries; massive parks at sea where nature can thrive.

    “We are an island nation of ocean lovers, and all Australians are entitled to expect that our government will take this incredible new opportunity to protect the ocean.”

    Greenpeace is calling on the Australian government to build on our national legacy by ensuring that this landmark agreement delivers lasting protection for our precious oceans.

    “We’re calling on Minister Watt to create five high seas sanctuaries in our region, starting with a large ocean sanctuary in the Tasman Sea, between Australia and Aotearoa-New Zealand.”

    Currently, less than 1 per cent of the global ocean is highly or fully protected. Closing the High Seas protection gap from under 1 per cent to 30 per cent in four years, to meet the globally-agreed 30×30 target, will require governments to protect ocean areas larger than entire continents and to do so faster than any conservation effort in history. Australia will now have a seat at the table for the very first Oceans COP, due before February 2027, where nations will discuss the design and implementation of the treaty.

    —ENDS—

    For more information or to arrange an interview, please contact Vai Shah on +61 452 290 082 or vai.shah@greenpeace.org

    High res images and footage of Australia’s oceans can be found here

    Ocean Treaty passes Australian Parliament, a “historic moment” for nature protection

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    Climate Change

    Looking to Jesus and Buddha, a Kentucky Passionist Priest Finds Hope Amid an Enveloping Global Environmental Crisis

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    Father Joe Mitchell works to create a “new story” that recognizes the interconnectedness of people and nature.

    LOUISVILLE, Ky.—Father Joe Mitchell, a Passionist priest, returned home here in 2004 to create a nonprofit center that focuses on what he saw as two major disconnects.

    Looking to Jesus and Buddha, a Kentucky Passionist Priest Finds Hope Amid an Enveloping Global Environmental Crisis

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