As climate change impacts worsen and aid budgets fall, leaders gathered in Spain for a UN conference on funding sustainable development this week threw their weight behind innovative tools such as taxes on extreme wealth, levies on polluting transport and debt swaps to raise more money to tackle the climate crisis.
UN Secretary-General António Guterres told journalists in the southern of city of Seville – sweltering in a heatwave with temperatures topping 40 degrees Celsius – that countries must now put their minds to implementing new ways to mobilise money, including carbon taxes and levies on flying and shipping.
“It’s time to seriously think about innovative forms of financing – to put a tax on carbon, to create levies in relation to several areas of activity, namely the impacts of maritime transportation in relation to climate change,” Guterres said. “There are many ways to multiply the resources available if we have the political will for that.”
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Eight countries – including France, Spain and Kenya – came together on the sidelines of the conference to push for taxation of premium plane tickets and private jet travel to pay for climate action.
The members of the new coalition said that, ahead of the COP30 climate summit in November, they would work to persuade more governments to apply flight ticket levies to support fair energy transitions and climate resilience both at home and in other countries.
Coalition set sights on taxing luxury air travel to fund climate action
Spain and Brazil, meanwhile, launched a separate coalition to advance work on taxing the super-rich, joined by South Africa and building on a G20 agreement in 2024.
According to a joint statement, the initiative aims to incentivise other countries and civil society to sign up and address policy, administrative and data deficiencies preventing high-net-worth individuals from being taxed more efficiently in line with their wealth. The statement also signalled growing support for international tax negotiations at the UN and promised to evaluate legislative initiatives on taxing the ultra-rich.
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These announcements came as 192 governments at the conference adopted a 42-page document entitled the “Sevilla Commitment”. In it, they warned that time is running out to address the climate crisis, and noted that the world is “falling short in tackling climate change, biodiversity loss, and desertification”.
They stressed the urgency of increasing ambition for climate action through the UN’s climate process (the UNFCCC) to reduce greenhouse gas emissions, adapt to a warming climate, and provide finance to developing countries to help them put their climate plans into practice.
The United States participated in the months-long negotiations on the development financing document but withdrew in the final stages and said it would not attend the conference in Spain. Under President Donald Trump, the US has ended the majority of its aid and climate spending for the Global South.
Here are some of the key measures endorsed by UN member states in the Seville declaration that would help to increase climate finance for the Global South:
Using national budgets
Countries agreed to take the environment, nature, climate and food security into account when planning national budgets, in line with their own unique needs and development priorities. Some of the recommended fiscal tools include green budgeting – which entails putting environmental protection at the heart of government revenue-raising and spending plans – and levying taxes on natural resource exploitation, environmental contamination and pollution.
Climate insurance
The declaration recommends tapping capital markets to fund climate action, including the issuance of green bonds as well as using insurance markets to protect smallholder farmers, cooperatives and small businesses against the adverse effects of global warming and price volatility, among other risks.
Pre-arranged disaster aid
In the face of rising climate shocks and stresses, there is support for more pre-arranged financing that is released before a disaster hits, based on warnings. It includes insurance and other forms of emergency support that can reach households and communities more quickly to reduce aid costs and accelerate recovery. The UK said it would launch a global coalition to scale up the use of this pre-planned finance and work with the insurance industry to help deliver it.
“It is unacceptable that only 2% of crisis finance is pre-arranged when 35% of shocks are modellable,” UK development minister Jenny Chapman told the finance conference in Seville.
Debt pauses and debt swaps for climate
Leaders agreed in the document that there is a need to increase grants as part of official development assistance, as well as offering more low-interest loans – especially to countries most at risk from disasters and climate threats such as floods, storms and rising seas. This would help small island developing states who have been asking for fairer treatment in accessing finance to reduce their debt burden.
Governments promised to promote a system that pauses debt repayments when countries are hit by a climate disaster to allow them to free up money for recovery and supporting affected communities.
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The Seville commitment also proposes that international efforts to help highly indebted poor countries service their debt burdens could be centralised at the International Monetary Fund or the World Bank. Among other things, this new facility could support the scaling up of debt swaps – which restructure debt to free up money for sustainable development, including for climate and nature programmes – by simplifying their design and reducing transaction costs.
Rich-country climate finance obligations
The Seville declaration identifies the need to make it easier for developing countries to access money from international climate funds, as they have long called for. It adds that richer countries must lead in providing this money, in line with the Paris Agreement rule of fairness based on the greater responsibility they bear to help poor countries deal with climate change.
Leaders called for mobilisation of the “means of implementation” – which means funding and technical help – to meet the new climate finance goal agreed at COP29, the UN’s Fund for Responding to Loss and Damage and the Adaptation Fund among others, as well as supporting the implementation of national plans to cut emissions and adapt to climate change.
As part of a broader effort to boost funding, governments said they encourage multilateral development banks (MDBs) to increase and optimise their annual lending capacity “with a view to potentially tripling it” – although no time frame is specified.
MDBs said jointly at COP29 they expected that by 2030, their annual collective climate financing for low- and middle-income countries would reach $120 billion (including $42 billion for adaptation), up from nearly $75 billion in 2023.
Finance for ocean and nature protection
The Seville declaration calls for more resources to be channelled from all sources to address growing desertification, halt biodiversity loss, and advance ocean protection and the sustainable use of marine resources in developing countries.
Governments committed to establishing a new financial mechanism as envisioned under the Convention on Biological Diversity, whose main aim is to provide financial resources to developing countries to advance conservation.
Adding value to critical minerals extraction
Highlighting international trade as an engine for development, leaders highlighted the growing threats it faces including restrictions and tariffs. The document calls for concrete measures to improve poor countries’ abilities to trade in goods and services, and generate more foreign currency, as well as boosting jobs and tax revenue by turning raw materials into useful products within the countries where they are extracted.
To increase local processing of minerals that are critical to the clean energy transition, governments committed to strengthening the capacity of industries in developing countries to participate in regional and global value chains.
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This is in line with growing efforts in African nations like Nigeria and Zambia to set up processing plants for raw materials like lithium and copper – used in clean technology such as batteries and electric vehicles – to capture more of their value and boost their economies.
The post UN development conference backs innovative ways to boost climate finance appeared first on Climate Home News.
UN development conference backs innovative ways to boost climate finance
An upcoming UK government consultation on weakening targets for electric vehicles (EVs) could cost consumers as much as £3bn a year by 2030, according to Carbon Brief analysis.
It could require the UK to import an extra 17m barrels of oil in 2030, raising expected net imports by 8%, as well as adding 2.5% to national emissions that year, the analysis shows.
After years of fierce lobbying by parts of the car industry – and despite the significant savings on offer for EV drivers – media reports suggest that EV targets could be “watered down”.
Under current rules, battery EVs – BEVs, those which run only on electricity – must make up a rising share of new car sales in the UK.
This policy, known as the “zero-emission vehicles” (ZEV) mandate, was introduced by the previous Conservative government and sets a goal for 33% BEV sales in 2026, rising to 80% in 2030.
(Carmakers are able to use “flexibilities” to help meet their targets, which reduces the effective target under the ZEV mandate to an estimated 25% of sales in 2026.)
Now, the government under new Labour prime minister Andy Burnham is reported to be considering a cut in the BEV target for 2030 to just 50% of new car sales, alongside options for 60% or 70%.
Carbon Brief understands that a consultation on weakening the ZEV mandate is being reviewed by the prime minister’s office in Number 10, ahead of being formally released.
If the mandate is weakened to 50% by 2030 – and if carmakers make more use of “flexibilities” – there could be up to 3m fewer BEVs on UK roads by 2030, according to the NGO T&E.
Previous Carbon Brief analysis found that BEVs are around £1,100 cheaper to run per year than a petrol car, thanks to far lower fuel costs.
Overall, BEVs are more than £1,000 per year cheaper to own than either petrol cars or plug-in hybrids (PHEVs, which can run on petrol or electricity).
This is according to analysis of the “total cost of ownership” by the Energy and Climate Intelligence Unit (ECIU), including purchase price, fuel costs, insurance and proposed pay-per-mile charges.
In total, Carbon Brief analysis shows that UK drivers could be hit with an extra £3bn in annual ownership costs by 2030, if the ZEV mandate is weakened, as shown below.
A weaker ZEV mandate could “put billions of pounds of committed investments at risk”, reports BusinessGreen, including in the EV charging network and battery supply chains.
Industry group Energy UK says that the mandate is “working in the way it was designed to work” and that it is the “single biggest driver of emissions reductions” in government climate plans.
However, Carbon Brief analysis shows that a weaker ZEV mandate could result in an extra 7.4m tonnes of carbon dioxide emissions (MtCO2) in 2030. This would add the equivalent of 2.5% to national emissions in 2030, under the UK’s international climate goal for that year.
In addition, a weaker ZEV mandate could result in the UK needing to import an extra 17m barrels of oil in 2030, equivalent to 8% of projected net imports that year.
Energy UK says that shifting to EVs will help to reduce household energy bills “for everyone”. This is not only through direct cost-of-ownership savings for EV drivers, but also by spreading the costs of upgrading the electricity system across a wider user base.
Car industry group the Society of Motor Manufacturers and Traders claims that its members are spending “blilions…on discounts, finance incentives and marketing support” and that “natural” EV demand is below the level required to meet the current ZEV mandate. Its claims are disputed.
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The post Analysis: Weaker EV targets could cost UK consumers £3bn a year by 2030 appeared first on Carbon Brief.
Analysis: Weaker EV targets could cost UK consumers £3bn a year by 2030
A new draft text to revive deadlocked UN plastics treaty talks does not include specific measures on managing runaway plastic production, a growing source of greenhouse gas emissions, drawing criticism from some countries and campaigners that ambition for the global pact is shrinking.
After diplomats met in Nairobi early in July for the first time since negotiations fell apart a year ago, Chilean ambassador Julio Cordano, who is chairing the talks, released a first document last weekend, setting out elements of a possible treaty to tackle plastic pollution.
Cordano stressed this is an “informal reference document” rather than a negotiated text. But its structure is similar to a draft treaty and closely resembles the previous version rejected by governments during the last round of formal negotiations in Geneva.
The new text recognises the world’s “unsustainable” levels of plastic production and consumption, both of which are projected to nearly triple by 2060. But it contains no measures to stem that growth, critics say, pointing to what they see as a broader weakening of ambition.
They argue the document is increasingly aligned with the demands of fossil fuel-producing countries, including Gulf states, the US and Russia, which have pushed for the treaty to focus on managing plastic waste rather than limiting production.
“When you leave the countries that have the most vested interests in delaying meaningful action to shape the agenda, you end up with a text that does nothing to end plastic pollution,” said David Azoulay, environmental health programme director at the Center for International Environmental Law (CIEL).
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“We’ve gone backwards rather than forwards,” Christina Dixon, a campaigner at the Environmental Investigation Agency (EIA), told Climate Home News. “A text that was rejected by the majority of countries in Geneva as being too weak and not ambitious enough has been repackaged one year later with some key elements removed and put out as a kind of sign of progress.”
A French diplomatic source told Climate Home News it was “disappointing” that the text lacked any concrete provisions on tackling “unsustainable” levels of plastics production and consumption. That is despite a majority of countries repeatedly advocating for curbs and scientists saying the world cannot put an end to plastic pollution without tackling the issue at source, they added.
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Governments across Europe, Latin America, Africa and the Pacific islands have previously called for efforts to limit the manufacturing of plastics to “sustainable levels”, but their efforts have been frustrated by strong and persistent opposition from a small group of fossil fuel producers, who see plastics as a growing market for oil and gas.
Weakening of production ambition
Cordano told Climate Home News that the “concept” of sustainable production is still reflected in different parts of the new document.
But measures aimed at achieving that objective have progressively weakened over time. Initial versions of the draft treaty, dating back to 2024, included a standalone article with the option of setting a global target to reduce the production and consumption of primary plastics.
That disappeared from successive drafts published in Geneva last year. The last version nevertheless said data on plastic production could be considered in future assessments of whether the treaty was meeting its objectives. Observers saw this as an important provision that could have strengthened the pact over time and potentially kept the door open for a global production target.
The new text only mentions “sustainable production” in the preamble and includes an article saying that countries could improve the design of plastic products in order to contribute to “sustainable production”.
“There’s a war of attrition element,” said Dennis Clare, a negotiator for the Pacific island nation of Micronesia. “The countries that want to do less are dragging out discussions and gradually pressuring the more ambitious to compromise towards a lower common denominator.”
Little space for thorny discussions
Countries have twice failed to agree on a global plastics treaty at what were meant to be final rounds of negotiations in December 2024 and August 2025. After being selected as the new chair earlier this year, Cordano has been working to steer the process back on track through a series of informal meetings, hoping diplomats can find common ground ahead of the next formal negotiations scheduled for early 2027.
But he has been criticised for sidelining discussions on some of the thorniest issues. Cordano kept plastic production off the official agenda for the Nairobi meeting a few weeks ago. He said beforehand that countries could bring any issue to the table, but production did not feature in the summary of discussions subsequently published by the chair.
Clare said discussions on fundamental elements of the treaty, including production, had been “constrained” and that there was little space for them in Nairobi.
Cordano told Climate Home News the Nairobi talks had provided space both for “reaffirming positions and expressing new ideas”, adding that countries “remain free to raise all issues they consider important”.
Informal talks between negotiators are held behind closed doors and neither the media nor external observers can take part.
Campaigners have accused the chair of making political calculations to reach an agreement at any cost. “He has clearly identified that the only way to achieve an agreement by consensus is to do away with the more complex elements of the treaty like those that deal with sustainable production and consumption of plastics,” the EIA’s Dixon said.
Cordano said he continues to be guided by countries as “they develop their own exchanges and continue working towards possible landing zones”.
Push for more ambition
Governments will debate the new text at another meeting of chief negotiators in Bangkok, Thailand, at the end of September, and a new version of the document is expected after that meeting.
The French diplomatic source said the current text should not be viewed as “an end-product”, but as a starting point that “can and should be improved”.
France, together with the EU and members of the High Ambition Coalition (HAC), will continue pushing for stronger provisions, including measures to address plastic production, the source said.
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The HAC group includes over 70 countries, primarily from across Europe, Latin America, Africa and the Pacific.
Micronesian negotiator Clare said countries on the frontline of the plastics crisis may decide to reject a really weak treaty that puts the burden on them to clean up somebody else’s waste, while producers can keep churning out plastics unrestrained.
“If the treaty does not include essential elements of the solution, even an initial, apparent diplomatic success – an agreement – can come to be seen over time as an environmental failure,” Clare warned.
The post “We’ve gone backwards” – new plastics treaty text dims hopes for production curbs appeared first on Climate Home News.
“We’ve gone backwards” – new plastics treaty text dims hopes for production curbs
Layers of red dust coat South Africa’s Saldanha Bay, a legacy of the one billion-plus tonnes of iron ore exported from what was once a quiet coastal fishing town in the 1970s. Now the government wants to turn this area into the “oil and gas hub of South Africa”, but opposition from local communities and civil society could force a change of plan.
Since 2014 South Africa has developed a strategy for taking “full advantage” of its marine resources, known as Operation Phakisa. It has resulted in the mapping of more than 95% of the country’s nearly 3,000-kilometre coastline for offshore oil and gas exploration.
The plan seeks to “drill 30 exploration wells in 10 years”, which it estimates could lead to the production of an average of 370,000 barrels of oil and gas per day over 20 years, with Saldanha Bay earmarked as a key logistics hub. It also aims to develop other marine sectors like aquaculture, maritime transport and ocean tourism.
However, two major court cases against the government and oil giants Shell and TotalEnergies have challenged those plans, as coastal residents, allied with national civil society groups, have pushed back against oil concessions held by the multinationals, arguing they were not consulted, and that towns like Saldanha Bay could face social and environmental harms from the fossil fuel extraction.
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Melissa Groenink-Groves, programme manager at legal nonprofit Natural Justice, said the cases in South Africa could set a precedent for the whole region. “When communities win in the courts, the successes serve as inspiration for other communities to advocate [for] their rights in their own contexts,” she explained.
She added that the legal challenges to Operation Phakisa also develop climate litigation in the African context, and could impact how environmental impact assessments are conducted going forward.
Globally, as the oil and gas industry sets its sights on the ocean, with over 85% of new discoveries in 2024 made offshore, scientists and activists warn it could threaten marine life and coastal communities, and weaken the ocean’s ability to trap excess heat from the atmosphere, fuelling planetary warming further.
Taking oil companies to court
About 300 kilometres north of Saldanha Bay, the Aukotowa Fisheries Cooperative, backed by nonprofits The Green Connection and Natural Justice, has taken TotalEnergies to court over its plans to drill for oil and gas in a 30,000-square-kilometre block off South Africa’s west coast.
The oil exploration block is in a biodiverse marine area bordering Namibia and South Africa known as the Orange Basin, which is a “highly relevant” sanctuary for endangered species, according to Nelson Mandela University’s Institute for Coastal and Marine Research.
Among other grievances, the cooperative maintains that the company’s environmental impact assessment was flawed, failing to consider the project’s contribution to climate change, and that the government “placed the profits of a multinational corporation above the livelihoods of vulnerable coastal communities”. The Western Cape High Court concluded hearings in late March and is expected to deliver a ruling later this year.
Walter Steenkamp, chairperson of the Aukotowa Cooperative, is concerned that the oil and gas drilling will lead to increased inequality, asking “for whom is the development? Definitely not for us.”
In a written statement, TotalEnergies told Climate Home News that it “is a responsible operator fully committed to complying with all applicable South African legislation”.
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Communities and climate impacts at stake
On the other side of the country, along South Africa’s eastern coastline, community-based nonprofit Sustaining the Wild Coast and partner organisations challenged Shell and Impact Africa’s exploration permit, arguing that the firms had failed to consult impacted communities – a legal requirement under South African law.
Co-plaintiff Sinegugu Zukulu also said in 2022 that “oil and gas will lead to more emissions, and in the face of climate change, this is wholly irresponsible”.
Following two rulings against the companies by lower courts, the case is now before South Africa’s highest Constitutional Court, which has reserved judgment since September 2025. A ruling against the companies would be final, effectively ending the exploration permit.
Legal expert Groenink-Groves said oil exploration applications under Operation Phakisa have been “granted largely without properly assessing the devastating impact an oil spill could have on small-scale fishers, the risks of drilling in ultra-deep waters, [and] without accounting for climate change impacts associated with oil and gas exploitation”.
She added that exploration applications have often failed to consider coastal management laws and in some cases, cross-border and regional environmental risks.
Shell and South Africa’s Department of Mineral and Petroleum Resources did not respond to written requests for comment.
South Africa’s offshore oil ambitions
Fishers around South Africa, many of whom have for generations relied on marine resources for survival, say the country’s offshore oil and gas push is sacrificing their livelihoods for profit.
“Why do they want to destroy our heritage? We can’t afford to say yes to oil and gas because the ocean is our source of life,” said Carmelita Mostert, a member of advocacy group Coastal Links and third-generation Saldanha Bay fisher.
Yet with unemployment above 30%, alongside high levels of poverty and wealth inequality, the government sees Operation Phakisa as a vehicle for socioeconomic development.
South Africa’s Minister of Mineral and Petroleum Resources Gwede Mantashe has described the court cases as “anti-development”, and claimed that the environmental organisations are funded by the CIA.
Sifiso Dladla, a campaigner with human rights organisation groundWork, argued that the close relationship between the government and the fossil fuel industry – including its 3% contribution to gross tax revenue – limits the potential success of movements pushing for an inclusive energy system. Politicians “need money to win elections. Mining companies need the government to protect them,” he said.
Patrick Bond, a political economist and sociology professor at the University of Johannesburg, said Operation Phakisa only makes economic sense if its social and environmental harms are ignored, adding that “if a genuine social cost of carbon analysis were done in any African fossil fuel project, there would be few – if any – able to justify the projects economically”.
At a global scale, Bond said oil multinationals have the financial backing of European governments – including France’s $2.8 billion stake in TotalEnergies – which can help make local resistance more effective where it has international allies to amplify the messages.
For Saldanha Bay fisher Mostert, the fight is about protecting the livelihoods of coastal communities. “It is my hope that we can stand strong and protest,” she said. “If oil and gas is not allowed, our lives will be much easier and better – but if oil and gas goes ahead we will be in absolute agony.”
The post South Africa’s offshore oil push meets grassroots resistance in court appeared first on Climate Home News.
South Africa’s offshore oil push meets grassroots resistance in court
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