Laurie van der Burg is global public finance campaign manager at Oil Change International. Mariana Paoli is global advocacy lead at Christian Aid. Rebecca Thissen is global advocacy lead at Climate Action Network International.
While climate disasters intensify across the Global South, another connected crisis is quietly unfolding – one with less media coverage, but just as deadly. Governments are drowning in debt, and the money they need for clean energy and resilience is flowing not into solar panels, but to creditors in the Global North.
Meanwhile, the US is on a mission to make this debt and climate spiral even worse: it is pressuring the World Bank and other global institutions to abandon climate action and to instead use their public funds to underwrite the private profits of American and multinational corporations, including through investments in fossil fuels.
Climate shocks and volatile currencies hike debt burden for poor countries
At meetings this week in New York to prepare for the United Nations’ 4th Financing for Development conference (FfD4) that will take place in Seville in June, countries face a clear choice: reject these attempts – including US efforts to weaken its outcomes – or lay the foundation for a renewed financing framework in Seville – one that will ensure the world’s poorest countries get the resources they need to survive.
A system built to extract
Many Global South countries now spend five times more on debt repayments than on climate action. Some cannot rebuild after floods or droughts because they’re paying interest on loans from decades ago. Others remain dependent on expensive fossil fuel imports – or stuck exporting oil and gas just to stay afloat.
This isn’t misfortune – it’s design. The global financial system was built by – and continues to benefit – the rich countries that did the most to cause the climate crisis. Today, they are demanding loan repayments from those who contributed the least, while offering “climate finance” largely in the form of new debt.
Ghana, for example, received over $2 billion in World Bank financing for oil and gas projects, yet project delays have left it reliant on expensive fossil fuel imports. On top of that, “take or pay” contracts that guarantee profits for foreign investors but not public coffers are costing the country over $1 billion a year, while many Ghanaians still lack access to affordable energy.
This is not an isolated case. Many countries are trapped in a vicious cycle of relying on fossil fuel extraction to service their debts, fueled by conditions imposed by international financial institutions like the International Monetary Fund (IMF). A study from the ODI think-tank found that debt levels rose sharply in the last decade in major oil and gas exporting countries across the Global
South.
Global South countries have the solutions
Global South groups – such as the African Group and the Alliance of Small Island States (AOSIS) – have put forward clear, workable solutions. They have successfully pushed for establishing a UN Tax Convention to close tax loopholes and stop the outflow of wealth through tax havens, negotiations for which are ongoing. They have also repeatedly called for dramatically increased public, grant-based climate finance.
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With 2025 declared a Jubilee year for debt forgiveness by the late Pope Francis, the calls for debt cancellation and to adopt a UN Sovereign Debt Convention have become impossible to ignore. The current draft text for FfD4 calls for a process to establish such a Convention, which would provide an alternative to the insufficient attempts to tackle the debt crisis by the G20 and the IMF, and finally put debtor and creditor countries at equal footing.
The Convention could set up a multilateral sovereign debt resolution mechanism to deliver faster and fairer debt restructurings and cancellation. It could develop a new approach to debt sustainability framework and analyses (DSAs), ensuring that the assessment is aligned with human rights, climate and sustainable development needs.
But the Global North is blocking reform
Instead of stepping up and supporting financial system reform, wealthy governments – including the UK, France, and Germany – are cutting aid and outsourcing their responsibilities to the private sector. They are obstructing bold action in UN spaces and instead push to keep decision-making behind closed doors in elite clubs like the OECD, where poorer countries have no seat at the table. Their approach of prioritising the mobilisation of private money and offering loans rather than grants or highly-concessional public money has been tested and failed. Even the World Bank chief economist Indermit Gill admitted that the “Billions to Trillions” agenda never delivered.
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Rather than supporting harmful approaches and piecemeal reforms, the EU and UK should strengthen their alliances with Global South countries and back their proposals for system change and more democratic governance of financial institutions.
This would help free up the public money needed to fund the solutions. Money is out there, it is just a matter of political will. Just the world’s 10 richest individuals hold more than $1 trillion in combined wealth. Fossil fuel companies made $1 trillion in profits last year. Governments still give hundreds of billions annually in fossil fuel subsidies, paid for by the public.
Taxing the ultra-wealthy, making polluters pay, ending fossil fuel handouts, and cancelling exploitative debts, could free up more than $5 trillion a year – enough to fund a global Just Transition and build a
more equal, stable world.
Seville is a moment of reckoning
The Seville conference is a rare opportunity to prove that international cooperation can still deliver in an age of crisis. For too long, climate finance, debt relief, tax justice, and fossil fuel phaseout have been treated in isolation. But these crises are deeply connected – and demand a unified response.
Seville must be the moment when governments back Global South–led solutions that can start shifting the global economy toward justice, resilience, and sustainability. At the heart of that effort must be securing a UN Sovereign Debt Convention – to finally rebalance a system rigged against the world’s poorest.
Wealthy countries must rise to the occasion – not with more financial engineering, but by strengthening the public tools that serve the common good. Anything less isn’t climate action. It’s exploitation with a green label.
The post Without debt relief, climate action will fail appeared first on Climate Home News.
Ellen Davies is head of programmes at the African Climate Foundation and is based in Kenya. Wole Hammond is programme officer for adaptation and resilience at the foundation, based in Nigeria.
For generations, African communities have lived on the frontlines of climate disruption, managing erratic rainfall, prolonged droughts and the slow erosion of their livelihoods, which depend on predictable seasons.
When the rains failed across Southern Africa in 2024, it was but the latest chapter of a crisis already long underway. During that season, maize crop failures of 40-80% devastated farming communities in Zambia, Zimbabwe and Malawi, where roughly 70% of people depend on rain-fed agriculture. Governments already stretched by debt were forced to raid development budgets, trading long-term growth for emergency relief.
Then came the floods. In early 2026, parts of Mozambique, Zimbabwe and South Africa received over a year’s worth of rain in days. More than 2 million people were affected. In East Africa, drought has displaced nearly 62,000 people in Somalia this year alone, with nearly one in four Somalis now facing acute food insecurity.
This is what climate change looks like on the ground – not parts per million or diplomatic jargon, but whether a school stays open after floods cut off the road, whether a clinic can function in extreme heat, whether a country can still invest in its future when every year brings another disaster bill.
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Africa as a continent contributes the least to global emissions yet bears a disproportionate share of the consequences. Nine of the ten countries most vulnerable to climate change are African. As livelihoods collapse and rural economies fail, migration pressures will intensify, driven by climate change intersecting with poverty, conflict and constrained opportunity.
Chronic under-funding
Europe is only now beginning to experience, in more limited form, what African communities have navigated for decades with far less fiscal space, thinner insurance coverage and fewer resources for recovery. With El Niño conditions confirmed and a “super” version of the naturally occurring weather pattern possible later this year, the pressure is set to intensify further.
In Africa, climate action is fundamentally a development challenge where adaptation and mitigation must go hand in hand. Building a solar grid and flood-proofing the road that serves it are not separate agendas. Yet for too long, the global climate conversation has prioritised mitigation while leaving adaptation – the work of protecting lives, livelihoods and economies in a changing climate – chronically under-funded.
The result is three compounding gaps. A visibility gap: much of Africa’s adaptation work remains under-documented and under-recognised in global climate narratives. A financing gap: capital does not flow at the scale or speed required to the people and institutions best placed to use it. And a decision-making gap: too many solutions are still designed elsewhere and imported into African contexts, rather than backing African-led platforms to scale what is already working.
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Solutions ready for finance
The solutions exist. Rwanda’s green investment fund has mobilised climate finance at national scale through its own systems. Egypt’s Nexus of Water, Food and Energy programme has shown how integrated planning can stretch limited resources across interdependent systems.
Zambia’s Presidential Irrigation Initiative is building climate-resilient food production from the ground up. In Pata, Senegal, a solar irrigation project has unlocked agricultural production and created jobs, demonstrating how integrated investments in water, energy and livelihoods can deliver resilience and development gains simultaneously.
In South Africa, the African Climate Foundation’s work with the South African Local Government Association (SALGA) is supporting district municipalities to assess their climate risks and develop fit-for-purpose Climate Action Plans, building adaptation capacity where it is needed most – at the local level.
These are not pilot projects waiting to be validated. They are working systems waiting for investment.
Closing the gaps requires a decisive shift in posture from global finance, philanthropy and development institutions. It means backing country-led platforms that can prepare, aggregate and finance adaptation projects. It means investing in place-based initiatives grounded in local knowledge.
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It means fostering intra- and inter-continental collaboration, so that lessons from Kigali inform decisions in Nairobi and innovations in Lagos reach communities in Dakar. And it means treating adaptation as core economic infrastructure, not charitable relief.
Invest now for future gains
The economic case is clear. Every dollar invested in climate adaptation returns an estimated four dollars in benefits on average – and up to five in the poorest economies. Under-investment in African adaptation is as economically irrational as it is morally unjust.
The world depends on Africa’s food systems, its young workforce – the majority of the continent’s population is under 25 – and its minerals. Several African countries supply a substantial share of the copper, cobalt and other critical materials underpinning the global clean energy transition.
Drought in Zambia has already shown how climate stress can disrupt hydropower, electricity supply and mining output. A transition that depends on African minerals cannot afford to ignore African climate resilience.
The world can continue to under-fund adaptation and pay repeatedly for emergencies, instability and lost development. Or it can invest now in the people, institutions and systems already doing the work on the ground in Africa, not in solutions imported from elsewhere.
Africa has the agency, the knowledge and the platforms. What it needs is the finance to match. A super El Niño will not wait for consensus to form. Neither, frankly, should we.
The post Climate adaptation in Africa needs investment, not imported solutions appeared first on Climate Home News.
Climate adaptation in Africa needs investment, not imported solutions
Climate Change
DeBriefed 26 June 2026: Heat records broken across Europe | London climate action week | Introducing ‘Project Cosmos’
Welcome to Carbon Brief’s DeBriefed.
An essential guide to the week’s key developments relating to climate change.
This week
Record Europe heat
HOTTEST EVER: The UK broke its temperature record for June twice this week, while France recorded its hottest day ever two days in a row, reported the Guardian. The Times reported that temperatures reached 36.7C in Somerset on Thursday, as the “London Ambulance Service had its busiest-ever day for life-threatening emergencies”.
FRANCE FRYING: French newspaper Libération said that temperatures reached as high as 44.3C in the south-western commune of Pissos on Wednesday. Spain also recorded its highest daily average temperature for June, said BBC News. On Thursday, Switzerland also had its hottest June day, when temperatures reached 37C in four locations, reported SwissInfo.
CLIMATE LINK: CNN covered a rapid analysis from the World Weather Attribution service finding that fossil-fuelled climate change has made this heatwave the most severe and widespread in Europe’s history. Carbon Brief covered the broken heat records, explaining the influence of climate change.
‘Electrifying’ London talks
‘LONDON COOKING’: In a sweltering, packed-out event at London climate action week, UN chief António Guterres quipped that “London is not just calling, it’s cooking”, reported Edie. Guterres also used his address to release a “global call to action on methane” and to call on artificial intelligence companies to reveal their environmental impact and source their power solely from renewables by 2030, said the publication.
‘ELECTRIFY NOW’: Elsewhere, dozens of governments, led by the EU and the UK, committed to throwing “their political weight” behind a rapid electrification of the world’s economy, according to Climate Home News. A high-level summit in London’s Mansion House saw energy ministers and business leaders, joined by Guterres, in “calling for faster action to curb demand for oil, coal and gas by powering homes, industry and transport with clean electricity”.
FOSSIL TRANSITION: At the same event, ministers from Colombia and the Netherlands, the co-hosts of the world’s first summit on transitioning away from fossil fuels in April, unveiled a report on their key takeaways. It comes after the current Colombian government has been ousted by a presidential election defeat to a fossil-fuel-supporting Trump ally. Carbon Brief examined what this could mean for the world’s energy transition.
Around the world
- UK TARGET: The UK parliament has approved its “seventh carbon budget”, aimed at cutting emissions 87% below 1990 levels by 2040.
- TOTAL ACCOUNTABILITY: A French court has ordered oil-and-gas giant TotalEnergies to account for the emissions from the use of its products, following a case brought by a climate NGO, reported Le Monde.
- METHANE RULES: The US, Qatar and other major energy exporters have urged the EU to “rewrite planned methane emissions” rules for oil-and-gas imports, saying that the policy could disrupt fuel supplies to Europe, according to Reuters.
- CHINA MESSAGE: China’s special envoy for climate change, Liu Zhenmin, said at the World Economic Forum that energy shortages triggered by the Iran war should be a “lesson to countries to accelerate their energy transitions”, reported Bloomberg.
- US WEBSITE REVIVED: Former US government workers have “recreated a valuable climate-science website” shut down by the Trump administration last year, said the New York Times.
6,600 animals
The number of livestock that perished in transport during heat in England and Wales from June to August 2025, double the number killed the year before, reported Carbon Brief.
Latest climate research
- Some world regions are experiencing up to 50 additional heat stress days annually, when compared to 1950 | Nature Climate Change
- Projections of national land-use emissions to 2100 suggest the strongest “carbon sinks” will be in China and Indonesia, whereas Brazil and the Democratic Republic of the Congo will “dominate global sources” | Nature
- Most carbon-offset projects relying on “avoided deforestation” have “mixed, negligible or negative impacts relative to control areas” | Nature Climate Change
(For more, see Carbon Brief’s in-depth daily summaries of the top climate news stories on Monday, Tuesday, Wednesday, Thursday and Friday.)
Captured
The UK government’s official climate advisers, the Climate Change Committee (CCC), has released its latest progress report, emphasising that faster electrification is the best way to secure lower energy bills and stronger energy security. Electrification has shot up the agenda in recent months, with the COP31 presidency calling for countries to back a global goal for 35% of “final” energy to come from electricity by 2035. The text of the CCC’s latest report uses the word “electrification” far more often than previous editions, as shown in the figure above. See Carbon Brief’s in-depth breakdown of the CCC’s latest advice.
Spotlight
Introducing ‘Project Cosmos’
Carbon Brief explains how it built a major new database of climate science research and unveils a new ranking of the 500 most highly cited publications, authors and institutions in climate science.
This week, Carbon Brief launched Project Cosmos – the world’s largest and most complete database of climate change research.
The database features more than 1.8m academic papers, books and reports, capturing the vast body of human knowledge about climate change that has accumulated over more than a century of academic study.
The climate science “universe” is based on reports from the Intergovernmental Panel on Climate Change (IPCC), which are recognised as the world’s most authoritative summaries of the latest climate science.
Since its first report was published in 1990, humanity’s knowledge about human-caused climate change has ballooned. The IPCC has published six sets of reports in total – each one longer than the last.
In total, IPCC reports reference more than 100,000 other papers, books and reports. This is the core of our climate science universe. Carbon Brief then built on this core, by looking at four other sources of data. Read more about how the Cosmos database was created here.
Every single publication in the Cosmos database is linked to at least one other through references. Visualising these links reveals a “galaxy” of references.
In the image above, each colour and cluster reveals different topics and densities of research. Explore the galaxy in an interactive map.
Cosmos 500
As part of an initial wave of preliminary analysis to demonstrate the scope of the Project Cosmos database, Carbon Brief has ranked the 500 most highly cited publications, authors and institutions in the database.
The most highly cited climate scientist is Prof Philippe Ciais, who has spent almost four decades researching the planet’s carbon cycle – and the ways in which humans have been impacting its balance. Carbon Brief recently interviewed Ciais in Paris.
The US tops the tables for the most highly cited authors and institutions. Almost half of the 500 most highly-cited authors are from US institutions. This raises particular concerns for the future of climate science, as US climate scientists and institutions are coming under attack under the Trump administration.
Experts from global south countries account for only 4% of all authors in the Cosmos 500. China stands out as the most highly-cited global south country. Meanwhile, only 10% of authors in the Cosmos 500 are women.
There are many possibilities for future avenues of research using the Cosmos database. Over time, the database could be used to reveal, for example, how interest in different areas of climate science has changed over time, plus identify potential knowledge gaps and, thus, opportunities for future research.
Carbon Brief invites researchers – including academics, journalists and analysts – to submit their own proposals for co-authored studies, literature reviews and analytical projects. Proposals should be sent to cosmos AT carbonbrief DOT org.
This spotlight first appeared in Cited, Carbon Brief’s new fortnightly newsletter focused on climate research. Sign up for free.
Watch, read, listen
‘DOOMSDAY CULT’: OpenDemocracy reported on a “religious cult” spreading climate misinformation in “parliaments” and at “COP summits”.
‘WEDGES’ EXAMINED: ProPublica and Drilled released an investigation into how oil executives worked to influence a climate research paper from Princeton University known as “wedges”.
‘1976 to 2056’: A 30-minute YouTube video from the Met Office had climate scientists explaining how current UK temperatures compare to the infamous 1976 heatwave, and how extremes could worsen by 2056.
Coming up
- 29-30 June: Hamburg sustainability conference, Hamburg, Germany
- 29-30 June: Seventh global conference on climate and sustainable development goals synergies, Bangkok, Thailand
- 29-30 June: 11th annual global conference on energy efficiency, Montreal, Canada
Pick of the jobs
- Drilled, series editor | Salary: $4,000 a month (six-month contract). Location: US
- Met Office, ocean climate science manager | Salary: £54,515-£58,582. Location: Exeter, UK
- Grantham Research Institute on Climate Change and the Environment, research officer (climate science and law) | Salary: £43,277-£55,497. Location: London
DeBriefed is edited by Daisy Dunne. Please send any tips or feedback to debriefed@carbonbrief.org.
This is an online version of Carbon Brief’s weekly DeBriefed email newsletter. Subscribe for free here.
The post DeBriefed 26 June 2026: Heat records broken across Europe | London climate action week | Introducing ‘Project Cosmos’ appeared first on Carbon Brief.
Over the last four years, Colombia has emerged as one of the most vocal advocates for the world to transition away from fossil fuels.
Under the leadership of leftist politician and economist Gustavo Petro, it became the first major oil-and-gas producer to commit to halting all new fossil-fuel expansion.
In April, the nation hosted a first-of-its-kind meeting of countries on transitioning away from fossil fuels, alongside the Netherlands, in the Caribbean city of Santa Marta.
The meeting concluded with a promise for a new “Santa Marta process” spearheaded by Colombia and the Netherlands, a movement of countries that would continue to push for a transition away from fossil fuels at home – and at international climate talks.
But on 21 June, an ally of Petro suffered defeat in a presidential election runoff against Abelardo de la Espriella, a hard-right populist and favourite of US president Donald Trump, who has pledged to boost oil production and pursue “fracking to the max”.
Below, Carbon Brief examines what the loss could mean for Colombia’s stance on fossil fuels, as well as international efforts to transition away from coal, oil and gas, including at the COP31 climate summit in Turkey in November.
- How could the election defeat change Colombia’s stance on fossil fuels?
- How could it affect international efforts to transition away from fossil fuels?
- How could efforts to transition away from fossil fuels feature at COP31?
How could the election defeat change Colombia’s stance on fossil fuels?
In 2022, Petro became Colombia’s first left-wing president in recent history.
Under his leadership, Colombia became the first major oil producer and exporter to halt all new fossil-fuel expansion, boosted renewable energy and saw a sustained decline in deforestation.
At the COP28 summit in 2023, Petro announced that Colombia would become the first major oil exporter to sign the fossil-fuel non-proliferation treaty, a pact to legally control fossil-fuel production and use.
Successive Colombian environment ministers became among the most vocal supporters of transitioning away from fossil fuels at UN climate talks.
This included former minister Susana Muhamad, a political scientist and environmentalist who stepped in to lead the most recent UN biodiversity summit in 2024 after original host Turkey was forced to withdraw following earthquakes.
She was succeeded by Irene Vélez Torres, a former academic who led calls for a “fossil-fuel roadmap” to be part of the formal outcome at the COP30 summit in 2025.
At the sidelines of COP30, Vélez Torres and Netherlands climate minister Stientje van Veldhoven announced plans to co-host a first-of-its-kind summit on transitioning away from fossil fuels in Colombia in April 2026.
(In the end, countries failed to agree to a formally negotiated “fossil-fuel roadmap” at COP30. However, the Brazilian COP30 presidency promised to bring forward a voluntary roadmap instead, informed by the Santa Marta summit.)
Some 57 countries – representing one-third of the world’s economy – participated in the event, with officials describing it as “refreshing”, “highly successful” and “groundbreaking”, according to Carbon Brief’s reporting from Colombia.
The meeting concluded with a range of outcomes, including a second fossil-fuel transition summit to be co-hosted by Tuvalu and Ireland in 2027.
In stark contrast to Petro’s government, new hard-right populist president Abelardo de la Espriella has promised to quickly boost new fossil-fuel and mining projects, including by “fracking to the max”.
De la Espriella has also promised to build 10 “mega prisons” inside Colombia’s Amazon rainforest.
He has not yet commented on whether he will withdraw Colombia from Santa Marta’s “coalition of the willing”.
How could it affect international efforts to transition away from fossil fuels?
Just two days after the Colombian government’s election defeat, environment minister Vélez Torres took to the stage at London climate action week, alongside Netherlands climate minister van Veldhoven, to present a report on key takeaways from the Santa Marta summit.
The report, written before the election loss, speaks of an ongoing “Santa Marta process” to accelerate the global transition away from fossil fuels. It says that this will be coordinated by Colombia and the Netherlands, along with the two appointed co-hosts of the second conference on transitioning away from fossil fuels, Tuvalu and Ireland.
Acknowledging that this was likely to be one of her last addresses as Colombia’s environment minister, Vélez Torres told the audience that, going forward, the Santa Marta process must be resilient to “political setbacks”.
At the sidelines of the event, Vélez Torres told Carbon Brief that the work her government has done “cannot be erased”, despite a change in power. She said:
“Right now, we are facing the dark nights, this will really shift the politics in terms of energy position and environmental protection. But we are certain that our legacy will continue. It goes beyond governments.”
Dutch minister van Veldhoven told Carbon Brief that the plan for the “Santa Marta process” is to hold fossil-fuel transition summits in a different country every year, with two new co-hosts each time. This could help weather political shocks, she said:
“We know that every couple of years there will be elections. That is why [we have] the idea of rotating presidencies and chairmanships…while we make sure we make use of existing secretariats and organisations that are not subject to political changes every couple of years.
“In that combination, we hope to create a historic legacy and continue to drive the process forward, but also [create space for] a new energy from two new countries every year that bring their own perspective and their own dynamic.”
Although new countries could drive the process forward without Colombia, there are few major oil producers that have shown the same level of commitment to transitioning away from fossil fuels.
Ana Toni, an economist and CEO of the COP30 summit in Brazil, told Carbon Brief at London climate action week that the world will “miss the leadership of Colombia”, but added:
“Not one country will stop this movement. All countries need to chip in. There isn’t one leader for this topic. Everybody needs to join forces.”
How could efforts to transition away from fossil fuels feature at COP31?
At London climate action week, Colombia and the Netherlands presented their Santa Marta report to the Brazilian COP30 presidency.
The COP30 presidency is due to release a voluntary international “fossil-fuel roadmap” ahead of COP31 in Turkey in November, which it has promised will be informed by the takeaways from Santa Marta.
Speaking at the sidelines of London climate action week, Colombia and the Netherlands added that they have had “constructive” conversations with the COP31 co-presidencies, Australia and Turkey, about how to incorporate the discussions from Santa Marta.
Colombian environment minister Irene Vélez Torres told a small group of journalists:
“We had this very interesting conversation with COP31 and they were clearly open to suggestions about what is needed in the discussion in Turkey, and we were explicit about the need to engage with the phasing out of fossil fuels.”
However, both Colombia and the Netherlands added that they were unsure of how this might work in practice.
When asked about whether the Santa Marta discussions could be incorporated into formal COP texts, they were keen to emphasise that all the conversations in Colombia were specifically not negotiations.
They added that they were unsure of whether the group of 57 countries that gathered in Santa Marta would appear as a collective at press conferences or events at the COP31 summit.
The post Q&A: What change of power in Colombia could mean for world’s fossil-fuel transition appeared first on Carbon Brief.
Q&A: What change of power in Colombia could mean for world’s fossil-fuel transition
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