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"Two years on from the signing of the landmark biodiversity plan, we continue to finance our own extinction, putting people and our resilience at huge risk."
Governments across the world now spend a total of $2.6 trillion per year on subsidies that harm the environment, jeopardizing global climate and biodiversity targets, according to an analysis released Tuesday.
The analysis came in an updated report from the research group Earth Track, which found that harmful fossil fuel subsidies top $1 trillion annually and harmful agricultural subsidies top $600 billion. Governments also fund pollution and destruction in sectors such as water, construction, transport, forestry, and fisheries.
The $2.6 trillion total, which the report authors said was likely an underestimate, marked an $800 billion increase—or about $500 billion in real dollars—from $1.8 trillion cited in the initial report, released in February 2022.
In December 2022, the world's nations agreed to the Kunming-Montreal Global Biodiversity Framework, a deal that included, as target 18, a commitment to identify environmentally harmful subsidies (EHS) by 2025 and reduce them by $500 billion by 2030.
"Two years on from the signing of the landmark biodiversity plan, we continue to finance our own extinction, putting people and our resilience at huge risk," Christiana Figueres, the United Nations' chief climate diplomat when the Paris agreement was signed in 2015, told The Guardian. "Estimates are higher than previously thought—with at least $2.6 trillion now funding the destruction of nature, endangering the chances of meeting our nature and climate goals."
Private interests usually benefit from the harmful subsidies. Bill McGuire, an emeritus professor of earth sciences at University College London, responded to Earth Track's findings by spelling out this out.
"Want to know how criminally insane our political-economic system is?" he wrote on social media. "We are actually paying corporations to destroy the planet."
Global spending on subsidies that harm environment rises to $2.6tn (£2tn).
Subsidies for fossil fuels, deforestation, over fishing, intensive farming, water pollution.
Companies and shareholders profit, people pick up the tab for consequences.https://t.co/g7VCeA4SLI
— Prem Sikka (@premnsikka) September 18, 2024
The report shows the massive scale of government investment in EHS across the world, with the $2.6 trillion total for 2023 amounting to about 2.5% of global gross domestic product.
Other estimates of EHS have been even higher. An International Monetary Fund working paper last year estimated that fossil fuel subsidies alone amount to $7 trillion annually. Subsidies are difficult to quantify as some are implicit, such as not applying an excise tax on fossil fuels that damage the environment.
Report co-author Doug Koplow of Earth Track told Common Dreams that the IMF paper included more externalities "rather than just fiscal subsidies," based on his recollection.
The Earth Track report found that increased global fossil fuel subsidies following the Russian invasion of Ukraine were the main reason for the $800 billion increase since the last report was written. "This example highlights the sensitivity of EHS to macroeconomic conditions," the report says.
In a statement, Koplow emphasized the importance of the cross-sectoral analysis, arguing that sectors, such as agriculture, are too often looked at in isolation. "It is the combined effect of subsidies to these sectors that compound to drive loss of nature and biodiversity resources," he wrote.
The analysis comes amid an onslaught of extreme weather this year that's been made more likely by fossil fuel-driven climate breakdown. Large-scale flooding devastated Central Europe this week, killing more than 20 people. The planet has seen record temperatures for 15 straight months.
Biodiversity loss also continues apace, with experts calling for strong action as the COP16 meeting of the United Nations Convention on Biological Diversity is set to begin in Colombia on October 21.
"These extreme weather events that used to be once in a lifetime are now an almost annual occurrence," said Janez Lenarčič.
With the Portuguese government declaring a "state of calamity" over wildfires that have killed at least seven people, and the daily lives of hundreds of thousands of people in Central and Eastern Europe upended by deadly flooding, the European Union's top crisis official said the bloc must face the reality made evident by the disasters: "This is fast becoming the norm for our shared future."
A year after Europe was found to be the world's fastest-warming continent in an analysis by the World Meteorological Organization (WMO) and the E.U.'s Copernicus Climate Change Service (C3S), crisis management commissioner Janez Lenarčič told the European Parliament on Wednesday that "the global reality of the climate breakdown has moved into the everyday lives of Europeans."
"Make no mistake. This tragedy is not an anomaly," said Lenarčič. "We face a Europe that is simultaneously flooding and burning. These extreme weather events that used to be once in a lifetime are now an almost annual occurrence."
As countries including Poland, Romania, Austria, and the Czech Republic were reeling from flooding caused by Storm Boris in recent days, more than 478 square miles in Portugal's northern region were torched by fast-moving wildfires that started over the weekend.
Dozens of homes have been destroyed by more than 100 separate wildfires as officials deployed 5,000 firefighters to try to control the blazes on Wednesday. Spain, France, and Italy—which is now also preparing for heavy rainfall like the torrential downpour that inundated Central and Eastern Europe—contributed waterbombing aircraft.
Lenarčič focused his address largely on the need to ramp up disaster preparedness, noting that the rise in costs for repairing infrastructure destroyed by storms and fires has ballooned in recent decades.
"The average cost of disasters in the 1980s was 8 billion euros per year," said Lenarčič. "Meanwhile in 2022 alone, the damages surpassed 50 billion euros per year... The cost of inaction is far greater than the cost of action."
Lenarčič called on the European Commission to work closely with E.U. member states to implement the bloc's Floods Directive and a robust water resilience strategy to tackle catastrophic flooding and water shortages.
"Such challenges cannot be tackled solely through the limited portfolio of civil protection," the commissioner said.
The Left in the European Parliament, a coalition of progressive parties, echoed Lenarčič's call to strengthen civil protection, but also emphasized the need to tackle "climate change and its impacts."
Progressives in Parliament have pushed member states to meet the goals set by the European Green Deal, a set of climate policies aimed at ensuring net-zero fossil fuel emissions by 2050 and slashing emissions by at least 55% by 2030.
"Our success will depend on how determined we are to combat climate change together in order to reduce emissions," said Terry Reintke, a German lawmaker who is co-president of the Greens/European Free Alliance (EFA) group in the European Parliament.
With right-wing parties making significant gains in the bloc's parliamentary elections in June, analysts have said passing ambitious climate policies and targets will be more difficult.
Following the implementation of parts of the Green Deal, emissions are down by nearly a third from 1990 across the bloc, and member states are building wind and solar infrastructure. But right-wing leaders have pushed to block a ban on new gas- and diesel-powered cars that was set to take effect in 2035.
Far-right Italian Prime Minister Giorgia Meloni said in June that the proposed ban "was an ideological folly, which absolutely must be corrected."
On Wednesday, Italy's civil protection service issued 50 yellow alerts for the Emilia-Romagna and Marche regions, warning that the areas would face the risk of landslides and flooding as they are expected to see the equivalent of two months of rainfall in the next three days.
The heavy rains have moved across Central Europe from parts of the Czech Republic, Austria, Romania, and other countries, with at least 21 people killed by flooding.
"The E.U. must do everything in its power to help those affected by the devastating floods in many different E.U. countries," said the Greens/EFA. "These floods show that more than ever our fight against climate change is a common social and economic challenge we must tackle together."
"If you start defending common interests in this country, you clash with major interests," López said before his death.
Environment and anti-corruption activist Juan López was killed in Tocoa, Honduras on Saturday in the latest attack on environmental defenders in the country.
López, who had long received death threats but continued to speak out, was gunned down by motorcyclists while leaving church.
Honduran leaders have denounced his killing as murder and vowed to prosecute the perpetrators. No one has yet been arrested. López had in recent days called for the resignation of Adán Fúnez, Tocoa's longtime mayor, for alleged involvement in organized crime and drug trafficking, according to Contrecorriente, an investigative media outlet.
López, a local councilor and member of the Committee for the Defense of Common and Public Goods of Tocoa (CMDBCP, in Spanish), had long defended forests and rivers from threats posed by mining and hydroelectric companies. He is the fourth CMDBCP member to be killed since last year.
"We condemn the vile murder of Juan López, a renowned defender of common and public goods, councilor of the municipality of Tocoa, a great human being, a great historical fighter, a dear friend," Angélica Álvarez, Honduas' acting human rights minister, wrote on social media. "We demand justice, investigation, and prison for his cowardly murderers."
Honduran environmentalist Juan López works at his home in Tocoa, Honduras, in September 2021. López was killed on September 14, 2024. (Photo: Orlando Sierra/AFP via Getty Images)
López was a member of the ruling Libre party, which has held national power since President Xiomara Castro, a leftist, took office in January 2022. However, he wasn't afraid to call out corruption in his own party.
The last three weeks brought scandal to the party after a video from 2013 emerged in which Carlos Zelaya, a Libre lawmaker and Castro's brother-in-law, and Fúnez, the Tocoa mayor, who's also a party member, are seen negotiating with alleged drug traffickers. Zelaya and Fúnez were trying to boost Castro's 2013 presidential campaign, which was unsuccessful.
Carlos Zelaya resigned office amid the scandal. He is the brother of Castro's husband, Manuel "Mel" Zelaya, who led the country from 2006 until 2009 and serves as her principal adviser. There have also been calls for Castro herself to resign.
Amid the national fallout, the video leak also led to debate in Tocoa, a city of more than 100,000 in the country's north, just inland from the Atlantic Ocean. López denounced Fúnez and called for him to resign as Carlos Zelaya had.
It's not clear which of López's political enemies may have ordered his death, but his safety was known to be at risk. He understood that it came with the work he did. He had long fought for the preservation of the Guapinol and San Pedro rivers and the Carlos Escaleras nature reserve.
"If you start defending common interests in this country, you clash with major interests," López told Agence France-Presse in 2021.
"If you leave home, you always have in mind that you do not know what might happen, if you are going to return," he added.
Last year, the Inter-American Commission on Human Rights moved to establish protections for 30 CMDBCP members including López, who reported threats by a gang member, a local businessperson, and a mining company representative. Two men on motorcycles appeared near his home in recent months, the commission reported, according to Reuters.
Ismael Moreno, a well-known Jesuit priest and social reformer, called for an international commission to work alongside Honduran prosecutors to investigate López's killing, given the lack of public confidence in the country's institutions, Contrecorriente reported.
The vast majority of global attacks on environmental defenders take place in Latin America, according to a report released last week by Global Witness, a watchdog group. In 2023, Honduras, despite its relatively small population, tied for third in the world in the number of defenders killed, at 18, behind only Colombia and Brazil.