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As negotiations over a new global climate finance goal move into a higher gear, divisions are sharpening over who should be required to cough up the money needed to help vulnerable countries shift to clean energy and build resilience to climate change.

For German Foreign Minister Annalena Baerbock, all “those who can” – and “in particular the strongest polluters of today” – should step up, in addition to industrialised nations that already provide funding. “Strong economies share strong responsibilities,” she said in a nod to G20 countries on Thursday at the Petersberg Climate Dialogue in Berlin, an annual gathering for the world’s top climate diplomats.

Baerbock’s views are widely shared by other rich countries, but they face stiff opposition from the upper-middle income nations – such as China and Saudi Arabia – referenced in her remarks.

Those governments argue that the 2015 Paris Agreement puts the responsibility of fulfilling climate finance obligations squarely on the shoulders of developed countries – and want to keep it that way.

Negotiators from China and Saudi Arabia spelled that out once again this week in Cartagena, Colombia, during this year’s first round of technical discussions that should pave the way to an agreement on the new collective quantified goal (NCQG) for finance at the COP29 climate summit in Azerbaijan.

“We will not entertain a renegotiation of the contributors and the recipients of NCQG,” said Chao Feng, China’s finance negotiator, on Wednesday. His words were repeated shortly afterward by Saudi Arabia’s Mohammad Ayoub.

More money for more action

The new climate finance goal is the most important decision expected to be taken at this year’s climate summit.

Experts believe an ambitious deal can play a crucial role in getting developing countries, especially the poorest ones, to commit to stronger action on emissions and adaptation as they draft their new national climate plans due in early 2025.

Without clear signals on the amount and quality of money on the table, the fear is that governments will fail to raise the bar on climate ambition and put an international goal of limiting global warming to 1.5C beyond reach.

Peak COP? UN looks to shrink Baku and Belém climate summits

After more than two years of discussions and with time running low, negotiators remain at odds over the most fundamental elements of the goal: how large the overall sum should be, what it needs to pay for, over how many years, and the best way to monitor the money.

At a four-day session in Cartagena ending this Friday, negotiators are attempting to iron out some of those knots and sketch the first outline of a deal.

Azerbaijan’s vision

In laying out his vision for November’s UN summit in Baku, the COP29 incoming president, Mukhtar Babayev, acknowledged in Berlin that finance is “one of the most challenging topics of climate diplomacy”, adding that there are “strong and well-founded views on all sides”.

“We are listening to all parties to understand their concerns and help them refine potential landing zones based on a shared vision of success so that we can deliver a fair and ambitious new goal,” he added.

For Marc Weissgerber, executive director of E3G’s Berlin office, Babayev’s speech outlined “important elements of a multifaceted solution to the finance challenges, but what is needed are clearly defined diplomatic pathways”.

“It needs to be seen how Azerbaijan can contribute – as a bridge-builder – to this essential challenge,” he added. 

Moving past $100bn

Talks have also been strained by eroding trust following rich nations’ failure to honour a pledge made nearly 15 years ago to mobilise $100 billion a year in climate finance for developing countries by 2020. They now “look likely” to have belatedly met the goal in 2022, according to an assessment by the Organisation for Economic Co-operation and Development (OECD) based on preliminary data that is not publicly available.

Germany’s Baerbock said on Thursday that industrialised countries need to “continue to live up” to their responsibilities and jointly fulfill their $100 billion payment”. But, to get beyond that mark, she called on “those who can” to join their efforts.

Baerbock argued that the world has changed since the signing of the United Nations Framework Convention on Climate Change (UNFCCC) in 1992 when developed countries that have since provided international climate finance made up 80% of the global economy.

Will blossom of reform bear fruit? Spring Meetings leave too much to do

Most developing nations strongly oppose any changes or reinterpretation of the UNFCCC that would lead to a reclassification of a country’s status.

E3G’s Weissgerber said the question of expanding the pool of contributors is linked with the development of ambitious climate plans. “Both sides must compromise,” he added. “The existing donor base needs to show that it can be trusted to honour its financial commitments, while at the same time, large emitters such as China and the Gulf States should send a clear signal of ambitious [emission] reduction efforts”.

Innovative sources of finance

Developing countries – excluding China – need an estimated $2.4 trillion a year to meet their climate and development needs. But, Baerbock pointed out in Berlin, those sums cannot come only out of government budgets already facing constraints.

So called “innovative sources of finance” are among the most talked-about options to unlock additional funds. Things like wealth taxes on billionaires or shipping levies have been rising up the political agenda this year, but still face either strong opposition or a lack of agreement over how the money should be used.

Much hope is also pinned on wide-ranging reforms of multilateral development banks to channel more money into climate action for the most vulnerable.

COP29’s Babayev said those institutions “have a special role” to play. But he expressed disappointment at the pace of change seen during last week’s Spring Meetings of the World Bank and International Monetary Fund.  “While we heard a great deal of concern and worry, we did not yet see adequate and sufficient action,” he said. “That must change.”

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“Next year is too late for regulations”: Beetaloo Energy’s 2GW gas-powered AI data centre a “disaster proposal” destined to cause climate chaos

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SYDNEY, Wednesday 22 July 2026 — Beetaloo Energy has secured land from the NT Government for a massive $40 billion “hyperscale” AI data centre near Darwin, which would be powered by 2 gigawatts (GW) of gas power fracked directly from the Beetaloo basin, prompting calls from Greenpeace for urgent federal legislation.

The proposal marks a dangerous escalation in the AI data centre industry’s expansion, which threatens to entrench fossil fuel infrastructure for decades and put immense pressure on the region’s fragile water resources — while continuing to be unregulated.

Joe Rafalowicz, Head of Climate and Energy at Greenpeace Australia Pacific, said: “This disaster proposal for a 2GW gas-powered AI data centre in the NT is a shocking example of the unchecked expansion of hyperscale data centres in Australia. It is also, critically, more evidence for the urgent need for a moratorium on all new data centres until strong, binding regulations are put in place to protect our communities and climate.

This proposal mirrors the frenzied, unchecked expansion currently wreaking havoc on communities in the US. We are seeing cowboy data centre operators treat Australia like a playground, steam-rolling ahead with projects that would lock down precious water resources and spike emissions, despite the overwhelming community opposition.

Every day, more councils, communities and environmental groups are joining Greenpeace’s call for a moratorium on data centres, yet as of today there is still no system of safeguards or rules in place to regulate these companies.  

While Beetaloo Energy and the NT Government prepare to bulldoze ahead with this climate and water disaster, the Prime Minister is asleep at the wheel, promising to legislate a vague set of standards next year.

Next year is too late, and anything less than mandating data centres cover their own energy demand, and then some, with new renewable energy is not enough.” 

-ENDS-

Media contact

Lucy Keller on 0491 135 308 or lucy.keller@greenpeace.org

“Next year is too late for regulations”: Beetaloo Energy’s 2GW gas-powered AI data centre a “disaster proposal” destined to cause climate chaos

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Allegations of harms at China-backed transition minerals projects rise

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Reports of human rights and environmental abuses linked to Chinese companies’ overseas investments in the mining and refining of minerals needed for the clean energy transition are on the rise, research by a monitoring group has found.

The number of recorded allegations of harm at projects tied to Chinese firms have increased every year since 2021, rising to 148 in 2025, according to the Business and Human Rights Centre (BHRC). On Wednesday it released new data showing that a total of 434 allegations of abuse were made against Chinese-backed projects over the five-year period in projects across the world.

The world’s top cleantech manufacturer, China is also the leading financier of critical minerals projects worldwide. The country has committed more than $120 billion in foreign direct investment into mineral mining and processing since 2023, Australian think-tank Climate Energy Finance recently found.

“China plays a central role in global transition mineral supply chains, and as such has a unique opportunity to raise the bar on human rights and community engagement at every stage of mining,” said Michael Clements, BHRC’s executive director.

“While there have been encouraging developments, from stronger regulations to more company engagement, there remains a gap between human rights commitment and action,” he said.

The report comes as communities affected by Chinese-backed mineral projects have filed the first two cases to a Beijing-based mediation mechanism intended to bring willing Chinese companies to the discussion table with affected communities.

Allegations of harms on the rise

BHRC’s latest analysis – including data for the period 2023-2025 – covered mining, smelting and refining projects for 11 minerals considered key to manufacturing clean energy technologies such as batteries, EVs and solar panels needed to move away from climate-heating fossil fuels.

The highest number of abuses was recorded in Indonesia, the world’s largest producer of nickel, which is used to make EV batteries. After the Indonesian government banned exports of raw nickel, Chinese firms invested billions of dollars to develop a large-scale nickel smelting and processing industry in the Southeast Asian country, largely powered by coal.

Other countries with a high number of recorded harms include the Democratic Republic of Congo, where Chinese firms dominate cobalt and copper production; Myanmar, where unregulated rare earths mining has caused widespread environmental destruction; Serbia, where Chinese-backed mining of some of Europe’s most significant copper and gold deposits is swallowing land and homes, and Zimbabwe, where Chinese investments have turned the nation into Africa’s top lithium producer.

Growing risks for people and nature

Allegations tracked by BHRC included negative impacts on local livelihoods, health and land rights, workers’ health and safety and work-related deaths, as well as water pollution and environmental contamination. In addition, 18 people were attacked for raising concerns about Chinese transition mineral projects between 2023 and 2025.

The report shows that 10 Chinese companies, including Zijin Mining, Tsingshan Group and Zhejiang Huayou Cobalt, accounted for nearly two-thirds of all allegations recorded in the last five years. It found that some Chinese companies “still appear to turn a blind eye to these issues” but noted that several others have been more responsive to allegations of abuse. However, even among companies with human rights policies, implementation remains a challenge, BHRC warned.

    Zijin Mining and Zhejiang Huayou Cobalt repeatedly responded to the allegations of harm by saying they take environmental and social risks seriously and adhere to international standards. Tsingshan Group never responded to BHRC’s requests for comment.

    Platform for dialogue between communities and Chinese firms

    At the same time, Chinese authorities have made “significant progress” on introducing a more specific framework for managing environmental and social risks in overseas investment, BHRC said.

    This includes global consultation on a draft Sustainable Mining Code, adherence to UN guiding principles on business and human rights, and greater emphasis on oversight of companies operating overseas.

    The China Chamber of Commerce of Metals, Minerals & Chemicals Importers & Exporters (CCCMC) set up a mediation and consultation mechanism intended to provide a platform for dialogue between affected communities or civil society groups that have raised concerns and Chinese companies.

    More than three years since its launch, the mechanism has now received its first two complaints from local communities and many more are considering filing a case, Margaux Day, executive director at the nonprofit Accountability Counsel, told an event hosted by Climate Home News last month.

    “This is incredibly exciting in that it fills a governance and accountability gap where often communities who are seeking to protect their rights and the environment can’t reach someone who will respond to them,” she told the panel discussion at London Climate Action Week.

    Climate Home News understands that the complaints were filed by communities in Latin America and Southeast Asia over labour rights and resettlement issues. No information about the cases has yet been made public. The mechanism’s secretariat did not respond to Climate Home News’ questions.

    The mechanism was set up after the Chinese regulator for banks and insurers called on investor-level institutions to establish complaints bodies to hear from communities outside of China. But whether the new initiative will prove effective in tackling grievances remains an open question.

    “Real potential” for better mining practices

    Participation in the mechanism is voluntary for Chinese firms and it doesn’t have a fact-finding function, nor can it impose provisions for compensation or compliance with human rights standards.

    But Day told Climate Home News that, if successful, it could bring companies to negotiate an outcome that is better for people and the planet and leads to more sustainable mining practice.

    Chen Yu, an independent China advisor for campaign group Global Witness, agreed that the mechanism holds “real potential”.

    “There exists nothing else at a similar level to promote dialogue between communities and Chinese mining companies in particular,” she said.

    For companies, the mechanism opens “a channel for problem-solving and dialogue with communities”, she added, as “Chinese companies often remain cautious of approaching affected communities directly, afraid of making the problem bigger”.

    However, Chen said the mechanism remains at an early stage of development, faces resourcing challenges and is not yet sufficiently understood by communities in mining areas or Chinese firms.

    To help it address some of these challenges, the secretariat is currently seeking technical support from a range of organisations, including civil society groups. But, Chen said, “it will take time for the mechanism to show its value”.

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    Energy transition policymaking must evolve to fit an age of rupture

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    Andreas Sieber is head of political strategy at 350.0g. Cat Abreu is director of the International Climate Politics Hub.

    From the US abduction of Venezuela’s president at the start of this year to the Iran war which rumbles on, disruption is the new normal for global geopolitics, more often than not linked to conflict over supplies of oil and gas. 

    Events so far in 2026 – driven largely by the desire of the Trump administration to grab control of fossil fuels around the world – show that the climate community’s approach to energy diplomacy will have to evolve if we are to operate effectively and push for climate action in such a volatile landscape.

    Today’s climate and energy governance must be able to cope with trade wars, genocide, fascism, spiralling inequality and challenges to multilateralism. The increasingly dominant paradigms of economic competitiveness, energy security and green industrialisation can help drive the transition but they also challenge our collective mission to deliver an equitable green shift.

    US-China rivalry dominates

    Longer-term geopolitical trends that are seeing power move from West to East and North to South have fuelled a US–China “superpower rivalry”, which is pulling the global economy apart and reining in trade.

    A key question will be how the fracture “lines” are drawn: by the US and China, or also by other countries or blocs? Many governments will try to remain “in the middle” between the two giants to capture economic gains from both sides. Yet despite the language of “strategic autonomy”, Washington and Beijing may be in a position to force choices via market access, export controls and sanctions.

      At first glance, this may not seem particularly relevant for climate and energy politics. But Huawei’s exclusion from 5G operations across the political West and India following the so-called Clean Network Campaign by the US government serves as a warning of what could happen to climate green tech.

      And the recent debate to cut out Chinese inverters from European markets follows the same pattern – US security forces perceive a risk and start encouraging their allies to drop Chinese technology.

      The new drivers: competition and security

      Despite this fracturing geopolitical and economic context, energy transition is still happening. To ensure it is effective and equitable, we need to understand what is driving it and how to adapt climate politics so that it better responds to these drivers.

      Put simply, China is supplying the world with low-cost renewables (roughly 60% of critical wind and 80% of solar components), batteries, EVs and other key elements. Other countries now also want their piece of the green tech pie and are forming industrial policies to get it.

      It is this new competitiveness-driven logic that will shape the quest for decarbonisation, which has shifted from cooperating around the cost of tackling climate change to rivalry for the benefits of climate action.

      Over 90% of new renewables projects are now cheaper than fossil alternatives. Gas-fired power is 3–4 times more expensive than solar and wind. In 2015, most decarbonisation policies were “traditional” emissions-cutting strategies like carbon pricing or net zero dates, whereas green industrial policies now underpin the majority.

      Iran war could boost fossil fuel phase-out push, says Colombian minister

      Meanwhile, security has become a central driver of energy politics. We are living through the second major fossil fuel crisis in just four years. Elevated oil and gas prices will impose up to $1 trillion in additional costs on the global economy by the end of the year if disruption continues in the Strait of Hormuz. Fossil fuel supply chains have exposed countries to conflict, coercion and brutal price shocks.

      Fossil fuel volatility destabilises whole economies – higher fuel costs drive up food prices, increase political instability, and push millions into poverty and hunger. This incentivises governments to shield themselves from global shocks, especially in countries that are net fossil fuel importers and home to roughly three-quarters of the world’s population. 

      Yet security fears can cut both ways. The same instability that makes fossil fuel dependence untenable is also sharpening concern over China’s dominance of critical clean technologies and supply chains.

      Equity, cooperation and the opportunity for change

      Developing countries benefit from the rapid uptake of renewables enabled by low-cost Chinese technologies. But significant fiscal space and public investment is needed for the electricity grids and infrastructure required to fully unleash the energy transition, as well as for green industrialisation to diversify revenue streams.

      Despite this, industrial-scale domestic production and ownership often remain out of reach for too many countries that lack the fiscal space to allow green supply chains to flourish and compete with their traditional industrial base. But more just and diversified green tech supply chains could be achieved with concomitant support.

      Can giant batteries unlock Africa’s green industrial future?

      For the first time in decades, the international order is being substantially reshaped. If within this context, decarbonisation is increasingly driven by green industrial policy, energy security and competitiveness, the climate policy community must better anticipate where these debates are moving. We must speak the same language, and enter the forums where decisions are made, including security, trade and bilateral or trilateral spaces.

      We should build on an enlightened self interest recognising that cooperation remains essential and beneficial. This includes using the UN climate process differently: less as an ever-expanding negotiation machine, and more as a space for norm-setting, political alignment and deal-making. In an age of fragmentation, effective cooperation must not only be framed as necessary but thought of as a strategically compelling source of resilience and shared advantage.

      The post Energy transition policymaking must evolve to fit an age of rupture appeared first on Climate Home News.

      Energy transition policymaking must evolve to fit an age of rupture

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