The Guardian

Study says funding to cope with climate breakdown needed five years earlier than expected

Poor countries need $1tn a year in climate finance by 2030, five years earlier than rich countries are likely to agree to at UN climate talks, a new study has found.

Waiting until 2035 to receive the funding, which is to help them cut greenhouse gas emissions and cope with extreme weather, would place damaging burdens on vulnerable countries, warned the Independent High-Level Expert Group on Climate Finance, a group of leading economists.

Analysis by Climate Action Tracker puts median temperature rise by 2100 at 2.7C if current policies continue

World leaders have promised to try to stop the planet heating by more than 1.5C (2.7F). But current policies put the temperature rise on track for 2.7C, a report has found.

The expected level of global heating by the end of the century has not changed since 2021, with “minimal progress” made this year, according to the Climate Action Tracker project. The consortium’s estimate has not shifted since the Cop26 climate summit in Glasgow three years ago.

The climate crisis created the setting for Trump’s economy-first win and it’s the global south that will suffer most

Donald Trump’s election is a triumph for the politics of the doomsday bunker, which is bad news for the world’s environment.

This is the idea that in an age of climate disruption, nature extinction and ever wider social inequality, the best chance of survival for those who can afford it is to construct a personal shelter, where they can keep the desperate masses at bay. It is survival of the richest.

Zinc and polyurethane product could stop dangerous blockages in concrete wastewater pipes – but is a few years off commercial use

• Follow our Australia news live blog for latest updates
• Get our breaking news email, free app or daily news podcast

Australian engineers have invented an anti-fatberg coating for sewer pipes that could prevent the congealed masses from blocking the wastewater system and leading to overflows and flooding.

Fatbergs – solidified masses of fat, oil and grease that accumulate in sewer pipes, collecting wet wipes and other material – are a major concern for wastewater authorities globally, responsible for 40% of blockages in Australia, and a likely source for the mysterious balls that recently washed up on Sydney beaches.

One expert says climate targets can seem abstract but matter because they serve as an ‘investment signal’ to cashed up investors

• Get our breaking news email, free app or daily news podcast

The UK’s announcement of an 81% emissions cut below 1990 levels by 2035 shows the Australian government should set an ambitious climate target that will quickly drive investment and create clean industries, experts say.

The UK prime minister, Keir Starmer, was praised by campaigners and experts after confirming the pledge at the Cop29 UN climate summit in Azerbaijan, though they said it would need to be backed by clear plans. The UK is one of the first larger countries to announce a 2035 target before a UN deadline next February.

Exclusive: Mia Mottley, who has championed climate action, says she would seek common ground with US president-elect

Mia Mottley, the climate-championing prime minister of Barbados, has invited Donald Trump to a face-to-face meeting where she would seek “common ground” and persuade him that climate action was in his own interests.

“Let us find a common purpose in saving the planet and saving livelihoods,” she told the Guardian at the UN’s Cop29 climate summit in Azerbaijan. “We are human beings and we have the capacity to meet face-to-face, in spite of our differences. We want humanity to survive. And the evidence [of the climate crisis] we are seeing almost weekly now.”

Move adds to concerns about the stability of the Paris agreement after the election in the US of Donald Trump

• Cop29 climate summit – live updates

Argentinian negotiators representing the government of the climate science denier Javier Milei have been ordered to withdraw from the Cop29 summit after only three days, adding to concerns about the stability of the Paris agreement.

More than 80 representatives from the South American country are in Baku, Azerbaijan, for two weeks of negotiations about climate finance for the energy transition. Argentina’s far-right leader has previously called the climate crisis a “socialist lie”, and during his election campaign last year he threatened to withdraw from the Paris agreement, though he has since backed down.

German energy firm shaves €3bn from spending plans for next financial year to €7bn

A German energy firm has said that Donald Trump’s election victory has increased the risks of investing in offshore wind projects – but his return to the White House could help bolster Britain’s renewables sector, according to UK developer SSE.

Germany’s RWE has cut its spending plans and warned that, as a result of the US election, “the risks for offshore wind projects have increased”.

Sydney was worst-ranked Australian city at 150th, receiving a poorer score than London

• Get our breaking news email, free app or daily news podcast

Three Australian cities are among the top 10 global cities with the lowest levels of air pollution, according to analysis of nearly 400 cities worldwide.

Hobart (third), Darwin (fourth) and Canberra (10th) topped the list, based on air pollution data analysed by Auto Trader, an online vehicle trading site.

Sign up for Guardian Australia’s breaking news email

From olive oil to butter, extreme weather is pushing up the cost of living and having a dramatic political impact. Economists need a solution

In the US, where Donald Trump swept the board last week, it was the experience of sharply increasing essentials prices, from food to energy, that glued together the Republicans’ new electoral coalition. About 75% of those voting Republican reported that they had faced “hardship” or “severe hardship” as a result of price rises; only 25% of Democrats said the same. When Trump asked if Americans felt better now than they did four years ago, the answer for most was a clear no.

Price surges are having political impacts. In elections this year in three of the world’s largest economies, incumbent parties were hammered by voters angry about their helplessness in the face of the steeply rising cost of essentials.

James Meadway is director of the Progressive Economy Forum

Edi Rama goes off-script, saying speeches ‘change nothing’ and calling for ‘common political will’

Mian Muhammad Shehbaz Sharif, Prime Minister of Pakistan, has joined a chorus of leaders using their speeches to call for more money to reach their climate goals - and specifying that they need grants rather than loans that saddle them with more debt.

“Without climate justice, there can be no real resilience,” he said. “I wouldn’t want other countries to face the fight Pakistan faced in 2022.”

Pakistan was devastated by floods two years ago, shortly before Cop27. The disaster added a sense of urgency to that year’s negotiations that helped pressure rich countries to set up a fund to pay for the losses and damages borne by poor countries. (You can read more on that from my colleague Nina Lakhani here.)

“Two years, I warned at the top of my voice that the future would never forgive our inaction,” said Sharif. “Today, I echo the same warning with greater urgency and fullest energy at my command.”

25 countries have announced a commitment to swift and ambitious climate action.

Questions raised over influence after 1,261 business and industry delegates registered for biodiversity summit in Colombia

Record numbers of business representatives and lobbyists had access to the UN’s latest biodiversity talks, analysis shows.

In total 1,261 business and industry delegates registered for Cop16 in Cali, Colombia, which ended in disarray and without significant progress on a number of key issues including nature funding, monitoring biodiversity loss and work on reducing environmentally harmful business subsidies.

Despite nations’ pledges at Cop28 a year ago, the burning of coal, oil and gas continued to rise in 2024

There is “no sign” of the transition away from burning fossil fuels that was pledged by the world’s nations a year ago, with 2024 on track to set another new record for global carbon emissions.

The new data, released at the UN’s Cop29 climate conference in Azerbaijan, indicates that the planet-heating emissions from coal, oil and gas will rise by 0.8% in 2024. In stark contrast, emissions have to fall by 43% by 2030 for the world to have any chance of keeping to the 1.5C temperature target and limiting “increasingly dramatic” climate impacts on people around the globe.

During the US time out, Australia and its allies must remain steady and seek to deepen cooperation among themselves

The idea of open international exchange that framed the Australian reforms of the late 20th century and its subsequent economic success are being challenged in the 21st century. The challenge is intensified by the restoration of Donald Trump as president of the United States. He is committed to higher protection, tax cuts that will set record highs for budget deficits, a trade war with Australia’s largest trading partner with a risk of worse, and separation of the United States from the rules-based international trading system. He is also committed to withdrawal from international cooperation and domestic action to reduce climate-changing emissions of greenhouse gases. Global financial crisis is not out of the question.

These developments will damage Australian interests. Global long-term interest rates set a base against which Australian rates settle, and will be higher than they would otherwise have been. International inflation will be higher, increasing Australia’s own inflation challenge. Australia is the developed country that has most to lose from a failure to stop global heating. Australia has more to gain economically than any other country from success in the world achieving net zero carbon emissions, as an exporter of zero-carbon goods to countries which lack rich renewable energy and biomass resources of their own.

António Guterres says global heating is super-charging disasters, and Cop hears warning of ‘inflation on steroids’

This year has been “a masterclass in human destruction”, the UN secretary general has said as he reflected on extreme weather and record temperatures around the world fuelled by climate breakdown.

António Guterres painted a stark portrait of the consequences of climate breakdown that had arisen in recent months. “Families running for their lives before the next hurricane strikes; workers and pilgrims collapsing in insufferable heat; floods tearing through communities and tearing down infrastructure; children going to bed hungry as droughts ravage crops,” he said. “All these disasters, and more, are being supercharged by human-made climate change.”

Sir Keir Starmer’s pledge on emissions is an encouraging step at a frightening moment

Predictions that this will be the first calendar year in which the 1.5C warming limit enshrined in the Paris agreement is surpassed provide a stark backdrop to the UN’s 29th climate conference. This year – 2024 – has already seen the hottest-ever day and month, and is expected by experts to be the hottest year too. Addressing delegates on Tuesday, the UN chief, António Guterres, referred to a “masterclass in climate destruction”. The escalating pattern of destructive weather events, most recently in Valencia, is a warning of what lies ahead.

When the 1.5C figure was included in the 2015 deal, it was known to be a stretch. The treaty says countries must hold the average temperature “well below 2C above pre-industrial levels” and aim for 1.5C. Busting this target in 2024 will not mean it has been definitively missed; the measurement of global temperatures relies on averages recorded over 20 or more years. But the crossing of this threshold is a menacing moment. Around the world, people as well as governments and climate specialists should take notice – and act.

Greenpeace and Uplift say Rosebank and Jackdaw licences were granted unlawfully by former Tory government

Climate campaigners have urged a Scottish court to cancel the licence to drill the UK’s largest untapped oilfield, arguing it will cause “sizeable” and unjustified damage to the planet.

Greenpeace and Uplift accuse the former Conservative government of having unlawfully given the Norwegian oil giant Equinor a licence to exploit the Rosebank oilfield, which sits 80 miles (130km) north-west of Shetland and holds nearly 500m barrels of oil and gas.

Keir Starmer has confirmed that the UK has committed to an 81% cut to emissions by 2035. The prime minister also said the British government was due to launch the CIF Capital Markets Mechanism, a climate finance scheme, on the London Stock Exchange to help developing countries

• UK has ‘huge opportunity’ to lead on green investment, Starmer says

• Cop29 – live updates

Environmental Protection Agency rule seeks to curb ‘super pollutant’ more potent than carbon dioxide in short term

Oil and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane above certain levels under a rule being made final by the Biden administration.

The Environmental Protection Agency (EPA) rule follows through on a directive from Congress included in the 2022 climate law. The new fee is intended to encourage industry to adopt best practices that reduce emissions of methane – the primary component of natural gas – and thereby avoid paying the fee.