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Cutting climate super pollutants and upping efforts to remove carbon dioxide from the atmosphere can help stave off disaster.
Among the three of us, we have 15 decades of high-level experience in climate science, policies, and actions, and we have never been more alarmed than we are at this moment. The United Nations has just officially declared that the world has failed in limiting global warming to a safe level. During the last decade, heat-trapping pollutants nearly doubled the rate that heat is being added to the planet—a rate that will push temperatures across the 1.5°C threshold in five years or less and breach the first barrier of the Paris Agreement. This will further destabilize natural climate systems and amplify weather extremes, which are already costing the world economy more than $ 2 trillion annually. At the current rate of warming, the global temperature is likely to cross 2°C in about 15 years, the outer limit of the Paris Agreement, taking us into a climate not witnessed by homo sapiens, ever.
High altitudes in the Tibetan-Himalayan region and the Alps are already warming at two to three times the global average (which may be implicated in the recent Nepal-Tibet floods that left 1,400 confirmed dead and 5,000 missing). Other disastrous impacts of reaching 2°C include the transition of the Amazon from a forest into a savanna. The health impacts could be the worst of all. At 2°C, heat deaths in 2050 could reach a staggering 2 billion in a worst-case analysis by actuarial experts at Exeter University.
If that weren’t bad enough, a new scientific study raises the possibility that the current rate of warming, if continued, could eventually shut down the ocean current called the Atlantic Meridional Overturning Circulation—AMOC. The Gulf Stream is a major part of this vital ocean current, which plays a dominant role in winter weather over North America and Europe. Worryingly, AMOC is already slowing down.
We know of no other measures of thinning the heat-trapping blanket to provide the rapid cooling needed to allow us to survive and thrive.
At today’s rate of warming AMOC could begin to collapse at warming as low as 2°C, which could be crossed by the time today’s infants are in college. Impacts would be punishing, stranding heat in the already too hot tropics, while robbing northern countries of heat now transported north to keep temperatures temperate, leading to bitter winters. If AMOC collapses, currently a low-probability event, it could trigger massive forced internal and international displacements, ushering in the world’s largest crisis of forced migration ever.
Crossing 2°C will trigger other irreversible impacts too, further amplifying warming through the loss of sea ice and glaciers. The depletion of ice and snow will make the planet darker, resulting in more absorption of incoming solar radiation, amplifying warming by 25% or more.
The good news is that we can avoid this fate if we cut the rate of warming quickly—by 50% within 15 years, which is feasible in two parts.
First, we need to cut the super pollutants of climate. These include hydrofluorocarbons (HFCs), methane, lower-atmosphere ozone, and black carbon soot from diesel and cooking smoke. These short-lived climate pollutants are called super pollutants because they are tens to thousands of times more potent than carbon dioxide in heating the planet and are currently contributing more than half of the warming the planet has witnessed. However, and this is crucial—they dissipate from the atmosphere within two decades, whereas carbon dioxide, the best-known climate pollutant, takes multiple decades to a century to significantly decline.
Technologies exist to quickly and affordably reduce the super pollutants. In many cases we have the policies and laws as well. HFCs are being cut through the 2016 Kigali amendment to the successful Montreal Protocol—the treaty that has slowed warming by several decades while restoring the protective stratospheric ozone layer.
Methane pollution is getting more attention recently, including from Prime Minister Mia Mottley of Barbados, who is recommending a binding international agreement—inspired by the Montreal Protocol—to prevent the oil and gas industry from wasting natural gas, which is 90% methane. Other local solutions can reduce or even eliminate methane from landfills, starting by reducing food waste. There are many other such practical, off-the-shelf solutions.
The immediate task at hand is to thin the invisible heat‑trapping blanket. If we implement super-pollutant solutions before 2030 and scale to full potential in less than 10 years, the rate of warming can be reduced by 30% by 2040s. But we need to cut the rate of warming by half, i.e. 50%. The super pollutants should be our first target, because the technologies and policies are there and once we put them into action, the blanket thinning will start immediately.
Second, as the recent Intergovernmental Panel on Climate Change report affirms, we need to focus on removing CO2. The human-made CO2 blanket up there weighs about 1,200 billion tons, and we have to thin it by 5%, or 60 billion tons. Nature-based solutions are currently removing about 2 billion tons per year. Chemical-biological-technological solutions are actively pursued. Scaling to 4 billion tons per year would remove the needed tons in 15 years.
Together, these two measures would halve the rate of warming from today’s nearly 0.4°C per decade to less than 0.2°C per decade. We know of no other measures of thinning the heat-trapping blanket to provide the rapid cooling needed to allow us to survive and thrive. Even with rapid actions, climate disruption will continue for decades. We must make people and ecosystems resilient. Since we are all interconnected, we require global cooperation to make people and ecosystems climate resilient. Toward this global cooperation, we propose creating: One Million Climate Advocates to empower the public to support local and national actions; and One Million Climate Champions to connect civil society, governments, and industries to turn climate mitigation policies into actions at the local to the global level.
It’s time to move forward, always forward. Adelante, Siempre Adelante. Those were among the last words Pope Francis offered one of us (Suárez-Orozco). Not forward when the politics are perfect or opposition relents. Forward now, with the urgency of a species that has finally seen the iceberg but still has time to turn the tiller toward safety.
This article was first published by Legal Planet.
In the wake of a UN report confirming that we won't hit the 1.5°C climate target, we must rapidly build out renewable energy and transform US politics to make this possible.
This will be an account of where we stand—mostly with regard to the new and much-touted United Nations report on climate change. But since it’s the day after Labor Day, traditionally the start of fall campaigning (a quaint and lovely notion that), let’s start with the midterm elections. Where we stand is: All the polling shows Americans ready to vote out as many Republicans as gerrymandering allows. We’ve done our job over the last 22 months, driving up President Donald Trump’s negatives (with plenty of help from him) and making MAGA electoral poison.
Now we have to turn that into facts on the ground, with votes, and wins, and actually putting good people in Congress where they can begin to staunch a bit of the damage. Which means the next 56 days need to be real, practical effort. This newsletter may be a little unpredictable in its timing, because I’m going to be on the road in swing states, helping Third Act and GrayPac in close races; you can help too, by signing up to phone bank or door knock or fundraise or the other chores that add up to electoral success (and this time around, I fear you need to sign up for “election protection” chores as well, something that shouldn’t be necessary but is). If for some reason you’re finding yourself in need of words from me, you’ll be able to hear me helping out the wonderful Ayana Johnson at her podcast all fall—it’s a season totally focused on climate and the midterms, and it begins tomorrow when we talk with Leah Stokes. (I’ll send a special email in the morning, with the link).
And now on to the major climate news of the moment, which is the report from the UN detailing the fact that we’re not going to hit the 1.5°C climate target we set in Paris. I assume that this came as shocking news to exactly no one who reads this newsletter regularly; it was clear even in Paris that it represented a target that only a combination of extremely aggressive national policies and lots of scientific luck could hit, and it’s been very clear for years that we’ve been blessed with neither. I think it is very likely that we’re going to temporarily cross the 2°C line during the hottest phase of the now-developing El Niño (by some measurements now on track to be the strongest in a millennium), and as I’ve been writing for a long time, our current trajectory is taking us toward 3°C, and quite possibly higher.
The term we’ve been using for this condition is “overshoot,” and so indeed we’ve overshot the 1.5°C target. But in fact we’ve been in “overshoot” for decades now. In 2008 I helped start 350.org, which took its name from the carbon dioxide concentration—350 parts per million—scientists said was the upper limit for any kind of safety. We passed that in the spring of... 1986, which by my back-of-the-envelope calculation would be… 40 years ago.
Remember—every tenth of a degree that the temperature goes up moves 140 million people into a more dangerous climate zone.
The danger with reports like this new one from the UN is that they may shock some people into thinking we’re living in a suddenly different world with suddenly different requirements. Chico Harlan wrote a perfectly fine piece about the UN document for the Times, but he was ill-served by whoever furnished the headline:
There are two problems with that formulation, and one is that it misses the thrust of the UN recommendations. As the aforementioned Ayana Johnson points out, in the most cogent summary of the document I’ve read:
CDR (planting trees + some much higher tech stuff that’s not yet proven at scale) is a big focus of this report, but UNEP is very clear that it’s not a silver bullet. And it’s certainly not a get out of jail free card for continuing to burn fossil fuels. In their words:
“Overall, even optimistic CDR scaling is unlikely to deliver a temperature reversal beyond a few tenths of a degree this century. This emphasizes the importance of focusing on reducing greenhouse gas emissions now.”
And the reason that the UN is clear that it’s not a silver bullet is that “Now,” to use the word from the NYT headline, we have no idea how to do it at scale. I mean, the Netherlands yesterday announced that it had opened the “largest carbon capture facility” in Europe. Here’s how the company involved put it in a press release:
Yara Sluiskil, Europe’s largest ammonia and fertilizer plant can capture and liquefy up to 800,000 tons of CO2 annually from ammonia production thereby avoiding carbon taxation on these volumes. The CO2 will be transported by ship to Norway, where it will be permanently stored beneath the seabed by Northern Lights.
Important to note the “up to 800,000 tons,” because so far these systems have had abysmal success in meeting even their own Lilliputian goals. And for context, Europe produces 3.3 billion tons of greenhouse gases annually, and that in turn is about 6%of the world’s total, so this is a hair on a mole on the quite ugly backside of the world’s hydrocarbon system. So far, the main use of this technology is precisely to allow us to go on burning fossil fuels. As the Yara press release continued, in the measured tones of those who don’t want to quite blow their own cover:
The technology makes it possible to reduce emissions from energy intensive industries like fertilizers, ammonia, cement, and waste management while maintaining production, jobs, and value creation in Europe.
It is entirely prudent to keep researching and testing carbon capture technology—someday it may be part of the solution to the greatest problem humanity has ever faced. But as for “Now,” well, there is actually one thing we do know how to do, and that is build out lots of cheap solar, wind, and batteries. Doing this makes sense because it can displace fossil fuels (solar-heavy California is using 50% less natural gas than it was three years ago to produce electricity), and because it’s cheaper than the alternative, and because you don’t have to go to war to procure sunshine, and because wind turbines don’t fill your lungs with particulates. As the UN points out, there’s simply no way around it—net zero may be politically controversial, but it’s physically required, “an essential milestone that cannot be skipped.”
Indeed, as the UN points out:
Accelerating the renewable energy revolution is crucial. On the supply side, limited-overshoot scenarios suggest scaling renewables to 60-70% of global electricity generation by 2030, supported by grid expansion, storage, and demand flexibility
We’re already doing this to some extent, of course—a far far greater extent than we’re scrubbing carbon from the atmosphere. But we could be doing it far faster—the Chinese are closing down solar factories to raise the price of the panels, and a new study from the Institute for Energy Economics and Financial Analysis finds that India is using less than half of its solar-panel factory capacity.
It is therefore entirely possible to imagine a worldwide campaign, led by the UN, to double or triple the pace at which we’re putting up solar panels around the world, and coupling them with the wind turbines and batteries that make them fully functional in every season. This is in fact the one thing we could actually be doing at scale and right now that really responds to the numbers about climate overshoot. It is why we’re busy preparing for Sun Day next summer.
Even that doesn’t “solve” the problem—nothing “solves” the problem—but it would reduce the ultimate temperature we are going to hit on this planet, and it would reduce the eventual amount of carbon some future people are going to have to figure out how to pull out of the sky. Remember—every tenth of a degree that the temperature goes up moves 140 million people into a more dangerous climate zone.
Building clean energy is much more likely, and much more effective, if we’re also shutting down dirty energy. The UN, under Antonio Guterres, has been consistently and powerfully calling out banks and other investors for continuing to fund fossil fuel projects, and the new report is no exception. Again, Johnson highlights the key paragraph:
Avoiding carbon lock-in in infrastructure is central to this effort. Investments in long-lived, high-emission infrastructure, such as fossil-based power plants, transport systems, and industrial facilities, can constrain future emissions reductions and lock countries into high-carbon trajectories (Seto et al. 2016; Smith et al. 2019a). Existing and planned fossil fuel infrastructure alone could exceed the CO2 emissions consistent with 1.5°C in 2030 by 120%.
The possibilities were tantalizingly displayed in China this summer, where new data shows CO2 emissions fell 1%. As Lauri Myllyvirta pointed out:
The country’s use of oil fell by 9% overall and by 16% for transport, after the disruptions to supply from the Gulf through the strait.
But it could have been far better. As the Centre for Energy on Research and Clean Air documented last week, China has built a lot of coal power for backup, but too often they’re using it instead of the clean energy they’ve built in such abundance:
Estimated wind and solar curtailment, including both reported and unreported curtailment, reached 360 TWh in H1 2026, up 49% year-on-year. Had this electricity been absorbed, the additional power supply could have met all demand growth and allowed coal power generation to fall.
The problem in China is long-term contracts that continue to reserve a “substantial share of limited electricity demand for coal.” They’re protecting the industry, at the cost of the climate, something that should be highly familiar to Americans, because under Trump we’re subsidizing ancient coal plants instead of shutting them down, and even, as of this summer, spending big to build new ones.
And all of this brings us inextricably back to where this essay began, which is with politics. If the US is to play any kind of role (except as obstacle) in this transformation, it begins with resetting the politics around energy and climate. And that begins with the upcoming elections.
A Democratic Congress will not be able to pass important new climate programs—those would be blocked by the Trump White House. But it might be able to use its oversight and budget authority to blunt the worst of the administration’s attack on clean energy. And if the Democrats start to stabilize the country, then they can turn their attention to the next election—one where energy and climate will need to play a central role, because among other things “affordability” is a dead letter without addressing them.
Which is why the next eight weeks (precisely) are so crucial. We’ve overshot—and not just in terms of climate. We need to start reining the horrors back in, so we can go to work not on solving them but at least on keeping them from destroying all that we’ve inherited. I hope you’ll figure out ways to join me in helping make November 3 the most useful day of the last few years. Usefulness may not be sexy, but it’s what we’ve got.
"Overshoot doesn’t have to mean surrender," said one campaigner. "The size and length of that overshoot is still being written by the decisions governments make this year."
The world has officially moved past the point where preventing a temperature rise above 1.5°C will be possible, scientists said in a United Nations report released Wednesday, which made clear that communities can expect sea levels to continue rising, heatwaves to intensify, and hurricanes, wildfires, and flooding to become more frequent and dangerous—all climate impacts that experts have long warned about as policymakers have failed to rapidly draw down greenhouse gas emissions.
But the authors of the report, published by the UN Environment Program (UNEP) and titled "Limiting Overshoot," emphasized that the inevitable temperature rise must not be viewed as a point of no return, and that steps can and must be taken to ensure the overshoot of the 1.5°C goal is only temporary.
The best-case scenario is now a peak global temperature of 1.8°C, said the report's dozens of authors, with an "overshoot, peak, and decline” pathway still possible before the end of this century if policymakers ensure that planet-heating fossil fuel emissions are drastically reduced—starting immediately.
The report is the first ever to establish the inevitability of overshooting the 1.5°C goal that countries were tasked with working toward when the Paris climate agreement was signed in 2015, and to chart a path toward ensuring the planet can ultimately make its way back down to 1.5°C—hopefully limiting the time above the threshold to a few decades.
If the world remains above 1.5°C over preindustrial temperatures long-term, said UNEP Executive Director Inger Andersen, "there are no good outcomes."
Last year, global temperatures were already about 1.3°C to 1.4°C above the preindustrial average, The Washington Post reported, and the effects on the Earth have been made clear as wildfires have engulfed parts of Canada and South America; a glacial collapse led to flooding that killed more than 1,000 people in Nepal last week; and extreme heat killed more than 1,000 people across Europe this summer.
"Across the globe, extreme heatwaves are already proving that climate impacts will strike faster, hit harder, and last longer—costing more lives and causing deeper disruption,” said Andersen. “Now is the time we must double down on climate action. We can—and must—get on the right path. By cutting greenhouse gas emissions, strengthening resilience and adaptation, and ensuring exceedance of 1.5°C is as small and short as possible.”
The scientists said planet-heating fossil fuel emissions must be slashed by 55% by 2035 and almost entirely eliminated by the middle of the century to limit the global temperature rise to 1.8°C above preindustrial levels.
Climate scientist Joeri Rogeli of Imperial College London, a lead author of the report, told the Post that swift action is crucial, as "for every five years that humanity delays reducing emissions... the peak temperature the world will ultimately face rises by at least a 10th of a degree."
The scientists emphasized that avoiding the 1.5°C limit would have been a less daunting goal than reversing the temperature rise. Policies that continue allowing oil, gas, and coal companies to extract fossil fuels will make both goals difficult to achieve.
The report was released weeks after President Donald Trump terminated offshore wind energy projects in the US—the latest of several renewable energy projects he's killed—and moved to take ownership of Venezuelan oil fields. Recent global climate summits have been attended by an outsized number of corporate lobbyists for fossil fuel industries, weakening the climate commitments that have come out of the meetings.
Fenton Lutunatabua of 350.org Pacific noted that the report was also released as Pacific countries meet at the 55th Pacific Islands Forum Leaders Meeting.
"All eyes are on one of the world’s largest fossil fuel exporters, Australia, and how they act on this urgent warning," said Lutunatabua. "The climate crisis is here and any delay in mitigation, in phasing out coal, oil, and gas, will only make our adaptation pressures harder and more expensive to bear.”
The report emphasizes that even if the world is able to reduce planetary heating once global temperatures shoot above 1.5°C, some impacts of continued fossil fuel extraction will be irreversible, including the melting of glaciers and the extinction of some species.
But UN Secretary-General António Guterres was among those who said "an overshoot of ambition" is now required to mitigate the damage as much as possible.
"This summer’s scorching heat, raging wildfires, and deadly floods are a warning of what lies ahead. We must make the overshoot above 1.5 degrees as small and short as possible," said Guterres.
Along with rapidly cutting emissions, the report calls "carefully governed carbon dioxide removal (CDR)—the process of removing carbon from the air and storing it through afforestation or other means—an essential part of the mix."
CDR methods—from planting forests to act as carbon sinks to technological fixes—come with limitations and are potentially reversible. Forests that are planted could be destroyed by wildfires, while CDR technology is largely unproven and can be energy-intensive—negating many of the benefits.
"Overall, even optimistic CDR scaling is unlikely to deliver a temperature reversal beyond a few tenths of a degree this century," reads the report. "This emphasizes the importance of focusing on reducing greenhouse gas emissions."
Richard Betts, a climate scientist at the University of Exeter and another report author, told the Post that CDR cannot be relied upon as a "get-out-of-jail-free card."
At 350.org, head of campaigns and networks Savio Carvalho said that "there is no version of ‘limiting overshoot’ that doesn’t start with ending new coal, oil, and gas expansion today.”
"This report confirms what communities on the frontlines of the climate crisis have been telling us for years: that delay is not a neutral act, it is a decision," said Carvalho. "We’ve just watched a glacier collapse bury Himalayan communities under mud and water, and we’re watching Pacific nations lose land to the sea in real time. UNEP is right that overshoot doesn’t have to mean surrender: The size and length of that overshoot is still being written by the decisions governments make this year, on fossil fuel phase-out, technology transfer, and on finance for the countries least responsible and most exposed."
Murat Kurum, Türkiye's minister of environment, urbanization, and climate change and the president-designate of the 31st UN Climate Change Conference (COP31), said the upcoming summit scheduled for November "must turn this urgency into concrete action."
“Every fraction of a degree matters, and every year spent in overshoot increases climate risks and the potential for irreversible losses," said Kurum. "The Overshoot Report makes clear that exceeding 1.5°C should not be seen as a new destination, but as a pathway we must urgently work to minimize and reverse. This requires rapid and sustained emissions reductions, alongside ambitious adaptation to protect people, communities, and ecosystems."
"We need to accelerate global electrification, reduce methane emissions from waste, strengthen the climate resilience of cities, and enhance the resilience of marine and coastal ecosystems," he added. "The choices we make today will determine how high temperatures peak, how long they remain there, and how safely we can return to 1.5°C.”
If the right decisions are not made in the coming years and drastic systemic changes are not implemented, the destruction of planetary habitats can no longer be stopped.
The escalation of the current crisis-ridden conditions in the areas of climate change, the economy, international security, and the development of democracy—leading to dystopian future scenarios—need not occur in this form. However, there is a real possibility that they could occur if humanity fails to bring about a paradigm shift, makes the wrong decisions, and continues its destructive behavior toward the planet.
The construction of negative scenarios in the sense of an anticipated possibility of dystopian development can certainly serve a constructive purpose.
In his book The Imperative of Responsibility, the philosopher Hans Jonas developed what he called a “heuristics of fear,” by which he meant that potential undesirable developments should be recognized in all their severity and menace and described in drastic terms commensurate with their presumed magnitude. According to Jonas (1979/2015, 7), this enables a society to look the potential risks squarely in the eye and thereby resolve to acknowledge its own responsibility for the planet and the fate of future generations:
What can serve as a compass? The anticipated danger itself! In its flash of lightning from the future, in the foreshadowing of its planetary scope and its human depth, the ethical principles from which the new duties of new power can be derived first become apparent.
Of course, this negative vision must be compatible with the developments already analyzed; it must not, therefore, be plucked out of thin air, even if not all the information needed for an assessment is yet available. Heuristics is a creative thought process based on estimates, assumptions, and calculations.
Immersing oneself in a likely future situation and sensing the potential of a future catastrophe can provide insights for preventive action. It is possible that the fear of a catastrophic planetary scenario could lead to a systemic shift in course and to responsible decisions.
From the spectrum of multiple crises—which are certainly interconnected—this article will focus on the disrupted relationship between humanity and nature and heuristically develop it into a negative scenario.
David Spratt and Ian Dunlop (2019, 6) predict that even if the 2015 Paris Climate Agreements were fully implemented, stable climate conditions would still not be expected. In particular, climatic feedback effects would render the Earth largely uninhabitable for human civilization by the end of the century. Even if the Paris climate targets were met, a warming of 5°C would be expected by the year 2100, with devastating consequences for life on Earth.
It must also be taken into account that not all countries have accepted the Paris Agreements or, in some cases—such as the U.S. under Trump—have since withdrawn from them.
A worst-case scenario for such an increasingly hot biosphere must anticipate a rise in wildfires. Vast areas of the Earth will begin to burn. Fire walls driven by massive gusts of wind will devour everything in their path: trees and bushes, houses, animals, and people. Such firestorms are beyond human control and cannot be fought; they depend on heavy rainfall, and it is unclear whether such rain will fall in the burning regions at all due to climate shifts. The result will be the desolation of entire regions, leading to humanitarian, ecological, and financial problems on a global scale. The fires of 2025 and 2026 are already offering a glimpse of what lies ahead for humanity.
Future average temperatures in the Persian Gulf are projected to reach 50-60°C, meaning that for the average person, human life here will no longer be possible—or will only be possible in artificially cooled spaces. Even in the countries of the Global North, mass mortality is beginning due to overheated living environments. Initially, this will affect older people and those who are already ill, and will then spread to people who would otherwise be considered healthy. Circulatory shock, overheating, and dehydration will then also affect younger people.
It is undisputed that sea levels will rise due to the melting of the poles, the warming of seawater, and the accompanying melting of Arctic ice.
However, a potential average rise of 2.5 meters by 2100 does not represent the extreme level of sea-level rise. During storm surges in particular, the rise in sea level can be several times this value and lead to flooding deep into continental areas. This will also affect the Global North.
Islands, coastal regions, and low-lying inland areas will be flooded, destroying living conditions there and, in turn, triggering migration. Not only will island groups disappear, but large parts of countries such as Bangladesh and India will also be flooded, triggering mass exoduses. In this context, the rise in sea level, combined with the monsoon rains in this region—which are already becoming increasingly devastating—will have a particularly dangerous effect.
The thawing of Arctic and Siberian permafrost, through the associated release of carbon dioxide and methane, will lead to a massive increase in global warming and abruptly intensify all related processes.
In other parts of the world, climate shifts are causing air masses with extremely different temperatures to collide, resulting in devastating storms such as tornadoes and hurricanes. Houses, cars, animals, and people are swept up into the air and smashed to pieces. Skyscrapers collapse, and the infrastructure—including electricity, water, and gas lines, as well as the internet—is irreparably destroyed. Radioactivity is released from destroyed nuclear power plants; it circulates in the Earth’s atmosphere, falls as rain, and will lead to increased rates of cancer and birth defects in humans and animals.
Massive migration—in the form of mass exoduses or mass migrations—will be triggered by climate change. Migration to date should be viewed, at best, as the tip of the iceberg in this context, as billions of people will set out as refugees if global warming continues unchecked. It is not difficult to imagine the conflicts—including military confrontations—that will arise from these upheavals in the struggle for ecologically intact regions.
Global warming will lead to massive crop failures and associated famines. The global agricultural food system will collapse. The struggle for food and survival will lead to massive price increases, looting, and military conflicts. The call for a heavy hand, for authoritarian leaders, and for police-state methods will grow louder even in democracies.
Far-right governments will attempt, in the interests of their constituencies, to deny climate change and continue to rely on the exploitation of fossil fuels.
The struggle for drinking water will intensify, on the one hand due to increasing periods of drought and, on the other, due to the growing trend toward profit-driven privatization of water sources. Privatized water sources will be guarded by militarized security forces against raids by groups of thirsty people. In drought-stricken areas, people will die of thirst—especially those who no longer have the financial means to purchase water, a scarce and therefore increasingly expensive commodity.
Spratt and Dunlop (2019, 9) describe the societal consequences of climate change even at the 3°C level. States and societies will be overwhelmed and will face extreme collective stress:
The flooding of coastal communities around the world—particularly in the Netherlands, the United States, South Asia, and China—has the potential to call regional and even national identities into question. Armed conflicts between nations over resources such as the Nile and its tributaries are likely, and a nuclear war is possible. The societal consequences range from heightened religious zeal to utter chaos. In this scenario, climate change triggers a lasting change in humanity’s relationship with nature.
Furthermore, if a UN in need of strengthening fails to dissuade unscrupulous governments from the generationally selfish destruction of the rainforest for the purposes of livestock ranching, soybean cultivation, the search for mineral resources, or land speculation, then this, too, will not only destroy the Earth’s lungs but also bring about a drastic climate shift.
Wars raging globally and emissions from explosions and fires exacerbate climate change while simultaneously preventing the affected regions from taking effective measures against this climatic dystopia. The military in active service is becoming the largest institutional global destroyer of the climate.
These are just a few of the developments addressed so far. Threats such as temperature changes and the resulting diversion of the Gulf Stream, the narrowing of the temperature difference between the North Pole and the equator—which leads to a weakening of the jet stream—the release of methane trapped in the seabed, insect die-offs due to the increased use of pesticides in agriculture, the destruction of clean drinking water due to overfertilization of fields, as well as plastic pollution in the oceans and the demise of all life in increasingly larger marine regions are likely to represent additional ecological tipping points that will further exacerbate the massive problems already mentioned.
The question is when the global situation will reach a point from which there will be no return to ecological balance for many generations to come.
The progression of overpopulation, coupled with unchecked economic growth and rampant consumerism, leads to increased ecological exploitation of the Earth system under the conditions of an increasingly overcrowded planet.
However, it is to be expected that population pressure is not primarily responsible for environmental destruction, but rather, in particular, the irresponsible consumption of resources by the wealthier segment of the world’s population (Roettig 2021).
The “point of no return” is likely to be crossed soon. Once the biosphere’s planetary responses develop an uncontrollable momentum of their own that turns against human civilization and the conditions necessary for all life on Earth, it will be too late—both for prevention and for mitigation.
Over the past 20 years, the planet’s resilience has reached its breaking point; in some areas, it has demonstrably been exceeded.
The Doomsday Clock makes this clear. According to the Doomsday Clock—founded and calculated in 1947 by Albert Einstein, among others—we are already 85 seconds away from the destruction of the planet’s foundations as of February 2026. In 1991, we were still 17 minutes away from destruction.
Violent competition over the use of resources is intensifying as more people’s basic needs—and, in particular, their luxury needs—must be met. Not only the struggle for clean drinking water and food, but also the struggle for lithium, cobalt, uranium, etc., is leading to violent conflicts between different groups of people and regions. German political scientist Hans-Jürgen Burchardt criticizes the fact that the rich industrialized nations are the main contributors to climate change, yet the Global South bears the brunt of its consequences.
Thus, following the phase-out of nuclear power, Germany’s energy transition is also made possible by cheap coal imports from Colombia. There, mining takes place in highly environmentally damaging open-pit mines; entire communities are forcibly displaced for this purpose, and human rights violations are commonplace. Even the much-lauded green economy, which relies on electric mobility, would not be possible without the lithium reserves in the Andes. Locally, however, lithium mining robs residents of their livelihoods.
The war in Ukraine, too, must be viewed not only from a geostrategic perspective but also through an eco-imperialist lens, in which Russia and the US are attempting to divide up Ukraine’s natural resource deposits among themselves.
The outline presented here of a dystopia of planetary development—based on a negative ecological scenario—should have made it very clear: If the right decisions are not made in the coming years and drastic systemic changes are not implemented, the destruction of planetary habitats can no longer be stopped. If, in addition to a biosphere in decline, further stressors arise—such as potentially runaway generative AI, authoritarian and aggressively acting nation-states at war with one another, and the threat of a nuclear inferno—this will likely spell the end of humanity. No more and no less.
The ecological dystopia outlined here does not have to come to pass. Everything depends on how responsibly and competently the current generation—which is currently active in the global centers of power—will act, and on the corrective influence that civil society resistance can exert in this regard.
The immediate challenge is to develop a global phaseout road map that’s ambitious enough to stabilize the climate system and equitable enough to drive a resilient, renewables-based development in even the poorest parts of the world
It’s no secret that the climate negotiations are failing. The simple fact is that the carbon concentration of the atmosphere continues to rise, rapidly and along a pathway that threatens—but does not yet guarantee—true catastrophe.
That said, there’s little agreement on why the climate negotiations are failing, or what their role would be in the emergency global transition that’s so desperately needed. Such a transition will have to be very widely accepted as fair if it is to have a chance of success, and the negotiations as we have them are hardly rising to the challenges of global climate justice. Is this likely to change soon? Perhaps not, but such a change is both necessary and possible, and the goal has to be to increase the odds.
One promising way of doing so is to concentrate effort on launching a global push to phase out fossil fuels—that is, a phase out of both fossil fuel extraction and consumption, and the simultaneous development and global deployment of a fossil-fuel free energy economy. Such a phaseout would not solve the whole of the climate problem, let alone the still larger ecological crisis, but it would make solutions possible. The phaseout challenge is one that, as Dwight D. Eisenhower used to say, is “big enough to solve.”
The story of the climate negotiations can be told many ways. I like to tell it as a story of failure, and renewed effort, and late, inadequate, steps forward. Such a process gave us the foundational United Nations Framework Convention on Climate Change (UNFCCC), and the Paris Agreement, and the hard-won breakthrough at 2023’s COP28 in Dubai, where the world’s nations agreed to “transitioning away from fossil fuels in energy systems, in a just, orderly, and equitable manner.” The question is if the current impasse, which settled in after Dubai, will play out in similar fashion.
How rapidly can the world’s civilizational dependence on fossil fuels be broken?
But first, know that a great burst of joy accompanied the Dubai agreement’s inclusion of the words “transitioning away from fossil fuels.” It broke a firewall that had held for decades, one in which a blocking coalition led by the Saudis and the American oil companies, playing a long and Machiavellian game, was able to keep fossil fuels from even being mentioned in a formal COP decision.
This silence has long been excoriated by climate activists around the world, but its origins are too seldom brought to light. To see them, drop back to 1992, when the Framework Convention was being finalized. Back then, the world’s climate diplomats were able to make substantive decisions. Some of these, like the agreement that countries would act in proportion to their “common but differentiated responsibilities and respective capabilities,” were inspiring and visionary. But the founders fell short in at least one enduringly negative and perhaps fatal way—they were unable to agree to a majority, or even a super-majority “last resort” decision-making system. They got close, but the fossil coalition blocked all paths, and the result, by both default and design, was consensus decision-making.
Consensus decision-making, alas, is a special kind of problem. It appears to be a commitment to deep democracy, yet in practice it means everyone has a veto, which is not exactly what you want if you’re trying to negotiate a life-or-death global transition that requires the interests of wealthy and powerful minorities to yield to those of the global community as a whole. On the contrary, it empowers blockers, allowing them to endlessly force the deletion of ambitious text, and thus it keeps both fossil phaseout (which is blocked by the fossil cartel) and meaningful finance reform (which is blocked by the wealthy countries) forever off the table. Over time, it has driven the negotiations into a realm of shadow play far divorced from the realities of the actual world.
It is difficult to pinpoint the original sin here. The Saudis, after all, have a point. Their economy is indeed threatened by any phaseout of fossil fuels. So why should they not fight like hell to preserve their power and their privilege? Everybody else does. But there’s a deeper problem as well: the climate finance problem, which continues to loom forbiddingly over any possible international climate accord. Ultimately, the deadlock in the climate negotiations is defined by the intransigence of the Global Rich, most of whom reside in the Global North, on key justice questions—finance in particular. Bluntly, the rich refuse to pay their fair shares. This intransigence makes any real breakthrough impossible, in part by empowering blockers on all sides.
At COP30 in Brazil, push came to shove. After a large group of activist nations failed to land an agreement to negotiate a “roadmap” away from fossil fuels, those nations, many of them frustrated beyond words, made a new move. Led by Colombia and The Netherlands and with a great deal of support from civil society (the Fossil Fuel Treaty Initiative in particular), they forked off a more informal process, which launched the First Conference on Transitioning Away from Fossil Fuels, held in April 2026 in Santa Marta, Colombia.
Santa Marta seemed immediately to be a game changer. Here, for example, is Tzeporah Berman, founder and chair of the Treaty Initiative: “After years stuck in endless debates about whether to phase out fossil fuels, finally we are focusing on the how. We are no longer fighting for recognition of the problem, but creating solutions. It’s like watching a dam break—all that pent-up experience, knowledge, and passion suddenly flowing into concrete ways to phase out dirty fuels. The hope is contagious.”
The hope is also strategic. With President Donald Trump’s people in control of the US government, and doing everything in their power to undermine both the Paris Agreement and the Framework Convention itself, everyone could sense the opening. Which is why Santa Marta, as climate diplomacy’s favorite play-by-play announcer Ed King noted, was “weirdly” optimistic. One observer even described it as an “euphoric” experience.
Beyond any review of the formal takeaways, Santa Marta was a conference of the hopeful: 57 countries (plus California) representing about a third of the global economy, were present, and they all represented countries, or factions within countries, that wanted to face the fossil energy challenge. The US government, obviously, was not among them. Neither were the Gulf oil states, or Russia, or (more controversially) China and India. There was no formal negotiating. Civil society had its venues and made its declaration (a heroic synthesis), the academics had theirs, and a high-level science panel set the stage. The official discussions were universally reported to be congenial, even when it came to the equity question, which is always a reliable source of inconclusive discord.
The second Conference on Transitioning Away from Fossil Fuels will be chaired by Tuvalu and Ireland. It will be in 2027, after COP31 in Turkey, which one way or another will have to react to Santa Marta and its outcomes. Moving forward with the transition is now on the official diplomatic agenda. Formally, this means defining national phaseout road maps and a global phaseout road map to plug them into. In reality it means much more, because even good road maps will mean little unless they’re accompanied by the financial and institutional breakthroughs that could bring them to life.
How rapidly can the world’s civilizational dependence on fossil fuels be broken?
The good news is that the renewable energy revolution is finally arriving in force, and this has made countries of all kinds willing to countenance a sharp break with fossil energy. Thanks in large part to China’s immense commitments to electrification and mass manufacturing, the cost of wind and solar, and the batteries that convert them into “firm” baseload power sources, has plummeted.
The US-Israeli war against Iran has accelerated the renewables buildout, by convincing countries to prioritize domestic energy production. Fadhel Kaboub, a prominent southern observer of today’s geopolitical ferment, put it well: “A world less dependent on oil would be less vulnerable to the weaponization of tanker routes, refinery disruptions, and sudden fuel-price shocks,” adding that “a renewables-based system does not make peace automatic, but it does make energy blackmail much harder.”
To avoid a future in which vast areas of the Earth become almost uninhabitable, the world’s governments will have to pick up the pace.
Further, the global renewables boom, which began before the war, may well be reaching its own inflection point. Solar evangelist Danny Kennedy cites 2025 as the big year, because that’s when China and India—the two largest energy consumers in Asia—together reached a historic tipping point. “For the first time, fossil fuel generation fell in both countries simultaneously: China down 0.9%, India down 3.3%. These are not small numbers.” Then, in 2026, as the war dragged on, China’s solar exports hit all-time records. “This is not charity. It is commerce. It is nations choosing energy security, economic agency, and lower costs over the inherited architecture of fossil fuel dependency.”
There are provisos. China and India still struggle to avoid new coal even as they scale up renewables. Also, China’s clean energy technology dominance, coupled with the Global North’s political inability to adopt robust industrial policies, seems destined to deepen deindustrialization and despair, particularly in the United States and Europe. But, though critical, these remain only provisos, because China’s mass manufacturing prowess shows a way forward. In fact, as the cost of electrification has dropped, it’s become difficult for the fossil cartel to convince the world’s people that their dreams of prosperity—or even stability—depend on the continued burning of coal, gas, and oil.
Alas, technology alone will not stabilize the climate in time. Renewables are displacing coal in particular, but the oil and gas story is more mixed. Thinktank Ember’s view is authoritative: “if demand and clean electricity growth continue at their recent pace, then fossil fuel generation will plateau before starting to decline consistently from the early 2030s.” Which is great, but not even close to fast enough to hold the 1.5°C line. To do better, it’s also necessary to stop fossil fuel extraction—drilling, fracking, and mining—as the second front in the phaseout battle, the second blade of the scissors.
This imperative has been obvious for decades. In 1998 at COP4 , Oilwatch, Amazon Watch, the Rainforest Action Network, and Project Underground launched a campaign to stop new exploration to avoid breaching the 1.0°C limit. The difference, 28 years later, is that the world has retreated to a far more dangerous 1.5°C goal, and could well retreat again. Moreover, the demand to “keep it in the ground” is now coming from the main stage. At Santa Marta, the science panel’s “action recommendations” included “halting all new fossil-fuel expansion” and “prohibit[ing] fossil fuel advertising.”
It’s easy to see why local communities that directly suffer the pollution, corruption, and abuse that typically accompany fossil fuel extraction have long been demanding its abolition. But why did it take so long for global actors to come to the table, and does their arrival indicate that the tide has definitively turned?
Probably not.
Pause to consider how the goal of “halting all new fossil fuel” investment would sound among the good citizens of Houston, or Oslo, or Riyadh, or Basra, or Moscow. What’s the way forward for nations whose economies are deeply entangled with fossil fuel revenues, or people whose lives are dependent on fossil fuel jobs? Such questions could be glossed over at Santa Marta, but they cannot go forever unanswered.
At Santa Marta, the signs were, as Orwell used to say, in front of your nose. Colombia represented the Global South and its co-host The Netherlands represented the Global North, but both countries will have very difficult times escaping their entanglement with fossil fuels. Colombia exemplifies the predicament of poorer fossil exporters: Over 75% of its energy demand and 35-50% of its export revenues are met by fossil fuels. The Netherlands, for its part, is far richer, and is not a fossil fuel exporter, so it will be far easier for it to extricate itself from its fossil entanglements. Easier but not easy: The Netherlands relies heavily on fossil fuel distribution and refining—the port of Rotterdam is Europe’s primary oil and gas gateway.
To avoid a future in which vast areas of the Earth become almost uninhabitable, the world’s governments will have to pick up the pace. At an absolute bare minimum this means eliminating the subsidies that promote fossil fuels. In practice, however, even this entirely rational reform slams directly into the stranglehold that fossil capital has on all countries. One excellent example is the so called investor state dispute settlement (ISDS) mechanism, which allows fossil fuel companies to sue governments for lost future profits if they move, however timidly, to regulate away even odious advantages that these companies have built over the years to maximize their profits. It’s an absurd and entirely corrupt legal and economic barrier to phasing out fossil fuels and, incidentally, it’s one that The Netherlands helped create in the 1960s. The ISDS was explicitly on the Santa Marta agenda, but was reduced to one meaningless sentence in the formal takeaways: ISDS “by some were perceived as creating barriers, while the extent to which these barriers are perceived varies.” Asked to explain this rather evasive blather, Dutch Minister and co-host Stientje van Veldhoven said. “This was not a negotiating conference, and therefore different parties, different countries have different positions.”
Sooner or later, a serious negotiating conference will have to take meaningful positions on ISDS, economic diversification, external debt, and many other difficult issues. To that end, it will have to distinguish the core problem of extractor dependence—especially in poorer extraction nations—from the broader problem of economic entanglement. Because all nations, rich and poor alike, are entangled with fossil fuels. The crucial step is to put the interests of the poor ahead of the entanglement of the rich, even as the world’s people struggle to face the realities, and the necessities, of climate stabilization.
One immediate question, as Tuvalu and Ireland prepare to host the follow-up conference in 2027, is which countries to invite. Santa Marta was widely praised as a leadership conference, but its attendees included countries, including co-host The Netherlands, that do not seem likely to halt fossil fuel expansion anytime soon, at least not voluntarily. And this while China, the undisputed leader of the clean energy transition, was not on the invitation list. Which is why one well-known, long-time activist (anonymously) suggested to me that the recent UN General Assembly vote on the International Court of Justice climate ruling might offer a convenient and logical first screen for admission to future conferences. Only signers would qualify. Eight countries, including Russia, Saudi Arabia, and the US, voted against the ruling, but another 28, including India, Turkey, Qatar, and Nigeria, abstained.
Sorting out this problem would be a step forward. But the real game changer would be for a wealthy major extractor to repudiate fossil fuel expansion. One would do, though such a repudiation would ideally be followed by a working consensus that fossil fuel extraction (and not just its expansion) must end first in the rich world. Alas, Canada, Ireland, Australia, Norway, The Netherlands, and Brazil, all countries that attended Santa Marta, continue to expand domestic extraction, while the UK, France, and Italy are home to major corporations with growing international operations. All this must stop, and soon, and there will be no real breakthrough until it does.
Santa Marta launched three work programs:
The details are many, but the real challenge is that any program must be executed within a profoundly divided world that is pressing hard against physical planetary limits.
Given this, any workable phaseout strategy will stretch the politics of the possible to the breaking point. How could it not when the climate system is already destabilizing? Much of the relevant science leverages the notion of the remaining emissions budget—the total amount of carbon dioxide that the world can still emit before crossing a given temperature threshold—and, for any Paris-compliant temperature, this remaining budget is perilously small and rapidly shrinking. Indeed, fossil-fuel emissions must very quickly be drawn down to “real zero” and this will be impossible unless the extraction of fossil fuels ceases.
The second challenge is extreme inequality, which comes to us in two dimensions: between rich countries (the Global North) and poor countries (the Global South) and also between rich and poor classes, in all countries. Yet everything will nevertheless depend on an ability to cooperate in a robust solidarity that can resist the attacks of the fossil cartel and survive even as climate-driven damage and destruction decisively increases. Such cooperation to navigate the turbulence of the climate transition is unlikely without meaningful steps toward a global safety net and paths forward for the world’s poor.
Fossil fuel extraction must be phased out at a breakneck pace with almost complete cessation by 2050. Similarly, the build-out of fossil fuel infrastructure must stop immediately. There’s no room—even in poor countries—for new oil and gas fields or coal mines. All effort must go to the construction of zero-carbon infrastructure.
Yet none of this is even conceivable unless the overall effort is very widely accepted as fair. This judgement will be made in many ways and many places, and not in abstract terms. For example, the tension between “phasing down” and “phasing out” fossil fuels is anything but abstract, and it won’t be easily reconciled. At Santa Marta, the “oil-rich African nations” insisted they would keep drilling as they transitioned to renewables. Onuoha Magnus Chidi, an adviser to Nigeria’s regional development minister: “Not phasing out—phase down. That is the message… We are phasing down, and we are saying that there should be early planning. It must be fair to all.”
I find his point impossible to dispute. The alternative has to be: If a phase-down strategy is pursued with adequate ambition, and if it takes proper account of both the North-South and rich-poor divides, then it becomes a phase-out strategy that can honestly be defended as being “fair to all.”
Chidi put his answer in concrete terms. “People are going to lose their jobs… How are you trying to re-engage them in other sectors?” he said, before stressing the need for debt reform and other financial assistance to make such change possible. Countries that are highly dependent on extraction will need more time to disentangle their societies from fossil fuels and build new economies. This will be extremely difficult even in rich countries like the United States and Saudi Arabia, but far harder in poor countries such as Nigeria, Iraq, and South Sudan, where fossil fuels account for large fractions of national revenue.
Given these challenges, what’s the way forward? This is the central question of phaseout justice. Fortunately, this question, too often treated as subsidiary, was taken seriously at Santa Marta:
The countries present in Santa Marta still have structural dependencies to overcome, including fiscal dependencies, debt constraints, the dependence of the financial architecture on fossil fuels and the need to enable fossil fuels-free trade systems...Transitioning away from fossil fuels is more than replacing one energy source with another. It requires broad economic transformation to overcome structural dependencies, overcome debt constraints, expand reliable energy access, and support diversified, resilient economies. This must be planned with workers and communities, ensuring a transition that is fair, rights-based, and delivers tangible benefits for marginalized groups.
To give poor extracting countries a chance to rapidly phase down, rich extracting countries must very quickly phase out. In fact, to hold to the 1.5°C limit—really, to minimize the time spent in 1.5°C overshoot—the richest fossil fuel extractors like Canada, the United States, Norway, Australia, and the UK must abandon extraction by the very early 2030s. This logic is inexorable; it holds unless you’re prepared to accept a catastrophic level of warming or assume a magical level of carbon dioxide removal. To hold the 1.5°C, or anything close to it, even poor fossil fuel extractors will have to phase out quickly, which they will not be able to do without support from the rich world.
In his speech to the Santa Marta plenary, Colombia’s former President Gustavo Petro went beyond the usual practice of reading out a bill of complaints against fossil interests. ”There is inertia in the power and the economy of this archaic form of energy—fossil fuels—that lead to death. Undoubtedly, that form of capital can commit suicide, taking with it humanity and [other] life,” he said, going after fossil capitalism itself. “The question that needs to be asked is whether capitalism can truly adapt to a non-fossil energy model.”
This is exactly right.
The world is threatened by a suicidal form of capitalism, yet it is simultaneously clear that the reforms necessary to stabilize the climate, while momentous, do not demand wholesale revolution. Mandatory extraction limits, in particular, do not require an end to private property, though states strong enough to direct investment do seem to be necessary. Those devices must prove sufficient because there simply is not time to shift to a post-capitalist world. The goal has to be to shift to another, non-suicidal form of capitalism, assuming that such a thing exists.
Fossil capitalism will have to be forced from the stage, and to that end everything must be done.
The immediate challenge is to develop a global phaseout road map that’s ambitious enough to stabilize the climate system and equitable enough to drive a resilient, renewables-based development in even the poorest parts of the world. To that end, there is much to reconsider, beginning with the global finance architecture and, just as fundamentally, the fact that so many countries, so many elite cabals, and so many techno-economic systems have long co-evolved with the fossil cartel, and have become inextricably entwined with it.
Ultimately, because it is essentially political, the climate challenge is solvable. Formal negotiations could indeed push further the ball Santa Marta set into motion, and by so doing restore faith in multilateral governance, without which there’s no chance of success. But the truth is that the Tuvalu-Ireland meeting could just as easily degenerate into another pointless talking shop that fails to take any meaningful, galvanizing steps. This outcome must be avoided at almost any cost.
Fossil capitalism won’t yield to half measures. Neither market signals nor pipeline protests will reduce emissions at the necessary pace. Fossil capitalism will have to be forced from the stage, and to that end everything must be done. Technology, science, industrial policy, and global climate justice are going to have to line up on the same side, and even then something else—international solidarity—will also be required. But given that under capitalism money makes the world go round, there will be no meaningful international solidarity without international finance.
Collectively, we seem to have wandered into a peculiar new psychological-political terrain: As we approach the collapse of Earth systems and therefore of civilizational support pillars, rational worries are being replaced with delusions.
United States politicians, even Democratic ones, no longer mention climate change, according to a recent report by Grist. Evidently, after their 2024 election losses Democrats concluded that global warming isn’t a winning issue. Their calculus is somewhat confirmed by a recent Pew poll that ranks climate change only ninth among Americans’ top concerns.
Meanwhile, hard-won US national climate data, scenarios, and analyses are quietly disappearing from official government websites. A prime example is the Fifth National Climate Assessment, a county-by-county description of likely risks from 1.5°C and 2°C of warming over preindustrial levels. This preeminent report on climate impacts and responses is a congressionally mandated, interagency effort to provide “the scientific foundation to support informed decision-making across the nation.” A clone of the government website is being hosted by Climate.us; the Trump administration has taken down the official site, which was here.
Those seeking to downplay climate change did a victory dance in May, when the Intergovernmental Panel on Climate Change announced it was retiring its RCP8.5 scenario—the worst-case trajectory in which humanity continues increasing its greenhouse gas emissions through the end of the century. We at Post Carbon Institute have been saying for a decade or more that this scenario was unrealistic and should be dropped, since it assumes the burning of more fossil fuels than the Earth can reasonably supply. However, axing RCP8.5 at this politically fraught moment has simply fed a predictable gloat-fest on the part of climate deniers. For example, the New York Post editorial board proclaimed that the revision showed climate warnings had done “untold damage” to the public, the economy, and “the average man’s pocketbook.” Fox News host Sean Hannity asserted that a “top UN-backed climate change panel is now waving the white flag of surrender” and “quietly admitting that the Earth will not in fact be destroyed by climate change.” President Donald Trump claimed on Truth Social that the United Nations had just admitted that its own climate projections were “WRONG! WRONG! WRONG!” and called global warming research a “Green New Scam.”
Meanwhile, back in the real world, it’s becoming clearer that Earth is breaching the 1.5°C limit to which world leaders pledged, in 2015, to limit global warming in their effort to avert a catastrophic future. Earth first exceeded the 1.5°C threshold in 2024; however, in 2025, the global average surface temperature cooled to 1.44°C above baseline (2025 was still the third-warmest year on record). The 1.5°C limit is defined in the Paris Agreement by a multiyear average temperature; by that standard, many climate scientists expect the limit to be breached before 2030. Overall, Earth’s march toward 2°C of warming is accelerating. The question climate experts are now asking: Will it still be possible to keep warming below 3°C by the end of the century? The difference in impacts between 1.5, 2, and 3°C would be monumental: at 3°C, 3.25 billion people would be exposed to deadly heat-humidity conditions at least annually.
The US has always been a conflicted if not crazy country (after all, it tolerated slavery for decades and elected Donald Trump as president twice). Maybe now, with the nation at age 250, the extra CO2 that it’s breathing is starting to erode whatever remains of its collective rationality.
As I write this, Europe is emerging from an unprecedented heatwave in which over 1,300 people died from causes linked to high temperatures. Europe is the fastest-warming continent, heating at twice the global average—but its people are unaccustomed to, and unprepared for, sustained searing heat. According to research associate Theo Keeping at Imperial College, London, “This heat wave would have been virtually impossible even 50 years ago without human-caused climate change.” On the other side of the pond, as the US is celebrating its 250th Independence Day, a heat dome has settled over the eastern half of the country, with more than 160 million Americans under extreme heat warnings.
Also, an unusually strong El Niño is developing in the eastern Pacific. Expected impacts of this “super” El Niño include increased flood risks in the southern US, drier and hotter weather in South America, and prolonged drought and reduced agricultural output in southern Asia. Climate change is a contributor to the unusual strength of this El Niño: Due to continued global heating, ocean temperatures are now at the highest level ever recorded. While El Niño is a naturally occurring climate cycle, hotter ocean waters are driving that cycle to extremes.
One more result of climate change: The Atlantic Meridional Overturning Current (AMOC), a global deep-ocean current that, among other things, keeps Europe warm, is slowing. Cold meltwater from Greenland and Arctic sea ice is diluting the dense, salty ocean water that drives the current. The complete halting of the current before the end of this century, once considered a remote possibility, is now being given higher odds by climate scientists and oceanographers. See the recent Crazy Town podcast episode featuring Emily Schoerning for a fascinating discussion of this globe-changing development.
Collectively, we seem to have wandered into a peculiar new psychological-political terrain: As we approach the collapse of Earth systems and therefore of civilizational support pillars, rational worries are being replaced with delusions. The reasons are no doubt complex and include the rise of social media, the consolidation of media companies, the politicizing of climate discourse by fossil fuel companies, and the emergence of right-wing centi-billionaires intent on shaping the attitudes of entire nations.
But I’ll add one more possible explanation in half-jest. In his science blog, Ugo Bardi suggests that rising carbon dioxide levels in Earth’s atmosphere, in addition to warming the planet, will also gradually degrade human intelligence. As evidence, he cites a 2024 paper by neuroscientist Richard Buxton of the University of California San Diego showing that “the oxygen-to-CO2 balance in brain tissue is crucial. As CO2 rises, the energy available to sustain neural activity falls.” The US has always been a conflicted if not crazy country (after all, it tolerated slavery for decades and elected Donald Trump as president twice). Maybe now, with the nation at age 250, the extra CO2 that it’s breathing is starting to erode whatever remains of its collective rationality.
If you want to buck that trend, don’t lose sight of the big picture (Earth is a system of systems, nature must be at the center of human concerns, and energy is the true currency). Adjust your views as needed to incorporate new data and events. Don’t succumb to political doom scrolling. And surround yourself with green plants producing lots of oxygen.
Thank you for your Attention to this Matter.
"A climate process that remains vulnerable to obstruction and corporate influence cannot deliver the action this crisis demands," said one group.
As international climate talks backed by the United Nations wrapped up Thursday in Bonn, Germany, campaigners stressed that policymakers must do more to curb the influence of polluting industries if such negotiations are going to have any hope of helping the world bring the fossil fuel era to an end.
The Bonn climate talks—officially the United Nations Framework Convention on Climate Change (UNFCCC) Mid-Year Subsidiary Bodies meetings, or SB64—serve as a technical and diplomatic staging ground for the next UN Climate Change Conference, or COP31, which is scheduled to take place in Antalya, Türkiye this November.
With current national climate pledges remaining far from what's needed to limit planetary warming to 1.5°C—the increasingly moribund target at the heart of the Paris Climate Agreement—experts and campaigners are taking aim at the UNFCCC’s reliance on consensus-based decision-making, which allows a handful of fossil fuel-producing nations and the oil, gas, and coal industries to block ambitious climate action and weaken international agreements.
“At the climate talks in Bonn, States failed to make meaningful progress and pushed back on already established agreements, exposing a critical truth: Climate justice should not be vetoed, and reform of the UNFCCC is needed to enable climate action at the speed and scale the crisis demands," Lien Vandamme, senior campaigner at the Center for International Environmental Law (CIEL), said in a statement Thursday.
The #JuneClimateMeetings further exposed the structural barriers slowing climate action: 🤝#ConsensusKillsAmbition, 🕴️Corporate influence,🪑Barriers to participation. It's high time for States to #FixTheUNFCCC.Read more in our statement: www.ciel.org/news/june-cl...
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— Center for International Environmental Law (@ciel.org) June 18, 2026 at 6:27 AM
Vandamme added that "effective multilateralism is the only way out of the climate crisis, and this process does not live up to that expectation."
Rallying under a "Friends of Science" banner, dozens of nations are calling out coordinated attacks by fossil fuel producers and the oil, gas, and coal industries on science that threatens their economic prospects.
“We see coordinated efforts to cast doubt on the best available science driven by a narrow set of interests, not by the needs of our people,” lead Panamanian negotiator Ana Aguilar said during a Wednesday press conference.
“We have seen this playbook before," she added. "Manufacture doubt, delay the response, and let the vulnerable people pay this bill.”
Lead Fijian negotiator Sivendra Michael put it more bluntly, telling reporters, "Anyone that is blocking references to science—they are not our friends."
There has been some progress. As CIEL noted:
It is encouraging that, after more than three decades, the UNFCCC has begun to acknowledge concerns around the corporate capture of the process. The open dialogue on transparency and integrity that happened in Bonn represents an important—but long overdue—step towards addressing the influence of polluting industries in the climate negotiations. This dialogue must be the start toward a meaningful, comprehensive policy to address corporate capture of climate negotiations. A climate process that remains vulnerable to obstruction and corporate influence cannot deliver the action this crisis demands.
Erika Lennon, CIEL's senior attorney, pointed to April's First Conference on Transitioning Away from Fossil Fuels in Santa Marta, Colombia, as a hopeful sign. The Santa Marta conference, which was free of major polluters like the United States, China, Russia, and India, took aim at what climate defenders called the “shamefully weak” draft text—called the Multirão Decision—produced at last November’s COP30 in Brazil. The final document removed all mentions of fossil fuels amid pressure from oil and gas-producing nations like the United States, Russia, and Saudi Arabia, and the presence of a record number of industry lobbyists.
“The Santa Marta Conference demonstrated that a fossil fuel phaseout is not out of reach," Lennon said Thursday. "But Bonn showed that the institutions meant to deliver that accountability remain constrained by outdated rules and undue influence from polluting interests."
"We need effective multilateralism and an effective climate regime, not one that is incapable of delivering accountability or tackling the root cause of the climate crisis, fossil fuels, at the speed and scale the crisis demands," she added. "As attention turns to COP31, governments must confront the structural barriers that continue to delay meaningful action, from consensus rules that allow a small number of states to block progress, to the absence of robust safeguards against conflicts of interest, or violations of the rights of meaningful participation of representatives from climate-vulnerable communities."
Failing to address climate change is a failure for our planet and for humanity. Why pay trillions in disaster relief, conflict mitigation, aid, and migration management when the solutions are at our feet today?
Climate change is now the single biggest health threat facing humanity. The Emergency Events Database reports a record rise in natural disasters globally since the 1960s, detailing over 26,000 mass disasters. The number of reported extreme weather incidents increased from 39 in 1960 to 399 in 2023.
According to the World Economic Forum, climate-related weather disasters will cost the global economy over $2 trillion annually by 2030, with costs escalating dramatically to an estimated $38 trillion per year by 2050, according to the Potsdam Institute for Climate Impact Research (PIK).
Since the Industrial Revolution, global economies have been built around the fossil fuel industry. In 2025, the global oil and gas industry's revenue was estimated at $4 trillion. Despite all the devastating warnings, we are still failing to meet almost every target aimed at curbing emissions.
The burning of fossil fuels comes at a massive price for people, the planet, and our economies. Not only are we spending exorbitant amounts on climate damage, but we are also paying more than ever at the pump and on our energy bills.
Policymakers and world leaders need to start thinking longer term and take steps to prevent the huge economic losses from climate disasters in the first place.
As the US-Israeli war on Iran rages, prices are set to rise further. Targeted attacks on energy facilities have all but closed the Strait of Hormuz, a shipping lane which facilitates the transportation of 20% of global oil and gas supply. The price of crude oil is already 20% higher than it was before the first strikes on Iran on February 28.
Despite the known fact that adaptation is far cheaper than inaction, politicians continue to sit on their hands. Meanwhile, they continue to subsidize the fossil fuel industry, fail to adequately invest in the energy transition, and pass the costs of climate change on to taxpayers.
In the last two full years alone, global economic damages reached $451 billion—a 19% increase compared to the previous eight years. An amount significantly more than that needed to close the global climate adaptation gap.
"Climate change will cause massive economic damages within the next 25 years in almost all countries... We have to cut down our emissions drastically and immediately—if not, economic losses will become even bigger in the second half of the century, amounting to up to 60% on global average by 2100," says Leonie Wenz, a scientist at PIK.

Climate change is not a future problem; it is affecting each and every one of us today.
According to the National Bureau of Economic Research, climate change costs the world 12% in gross domestic product (GDP) losses for every 1°C of warming. This puts the social cost of carbon at around $1,056 per metric ton of carbon dioxide emissions. The report predicts that by the "end of the century, people may well be 50% poorer than they would've been if it wasn't for climate change."
Heatwaves, wildfires, droughts, and storms cost the world more than $120 billion in 2025 alone as 55 billion-dollar weather disasters pounded the Earth. The US bore the brunt with the devastating Californian wildfires, which caused $60 billion of damage and led to the deaths of more than 400 people.
No continent, however, was spared from crippling climate disasters in 2025. It was also noted that disasters are becoming increasingly expensive and their impact underestimated. The Global Assessment Report on Disaster Risk Reduction (GAR) 2025 estimates the annual cost of weather disasters at $202 billion. When other impacts, such as ecosystem costs, are taken into account, the true cost is likely to exceed $2.3 trillion.
Some of the most damaging climate events in 2025 hit poorer nations, including the Philippines, Thailand, Indonesia, Sri Lanka, and Vietnam. These countries have historically contributed little to the climate crisis, have the fewest resources to respond, and are often on the front lines of climate disasters.

"On climate finance, the world must pay up, or humanity will pay the price... Climate finance is not charity, it's an investment; climate action is not optional, it's imperative."—António Guterres, United Nations secretary-general.
In relation to the climate crisis, the Polluter Pays Principle states that those who have historically contributed the most to greenhouse gas emissions should bear the costs of repairing the damages caused and adaptation measures. It also acts as a deterrent to end massive investment and subsidies into the fossil fuel industry and instead promotes the development and integration of clean energy sources.
The Loss and Damage fund was created at COP27, the 2022 climate conference. This fund is to compensate developing countries for losses and damages (L&Ds) from natural disasters caused by climate change, for which wealthy countries are disproportionately responsible. It was hailed as a major milestone at the time, but financial commitments have fallen well short of the $400 billion needed annually to address L&Ds and climate injustices adequately.
Over the past four decades, the costs of wildfires, storms, hurricanes, droughts, and floods have spiraled. These disasters have become more frequent and far more severe. The cost of all disasters between 1985 and 1995 was $299 billion. Yet the same figure for between 2014 and 2025 was $1.4 trillion.
Below, we list the five most costly disasters over the last three decades. The figures provided are estimates, and likely the true cost was much higher. They are adjusted for inflation and, of course, do not include the social costs, such as the devastating human toll, the health crises that follow, the psychological impact, massive displacement, ecosystem destruction, resource depletion, habitat loss, and agricultural fallout.

Climate adaptation is the process of adjusting to the impacts of climate change to reduce damage, prevent loss of life, and protect people and infrastructure before disaster strikes. It also includes reducing global carbon emissions by transitioning to clean energy to prevent climate change from worsening even further.
Adaptation requires upfront investment, but it is far more cost-effective than inaction, which allows the climate crisis to escalate, causing irreversible damage and out-of-control social and environmental costs.
Examples of adaptation measures include flood defences, the creation of urban wetlands, drought-resistant crops and climate resilient agriculture, ecosystem restoration and conservation, and investment in early warning systems.
There is a huge funding gap in climate adaptation, and the longer governments postpone, the greater the need and the higher the costs become. Annual estimates for developing countries alone range from $215 to $387 billion.
Once we reach 2°C of warming, the global annual cost to protect everyone exposed to climate hazards will reach $1.2 trillion, equivalent to almost 1% of GDP. Heat and drought are the most pressing challenges, with more than three-quarters of adaptation funding needed to provide adequate protection.
Estimates indicate that the benefits of adaptation exceed the upfront costs by a factor of seven. Policymakers and world leaders need to start thinking longer term and take steps to prevent the huge economic losses from climate disasters in the first place.
Adaptation investments also have wider secondary benefits such as improved health and social welfare, a more resilient agricultural sector, stable levels of biodiversity, lower levels of migration and conflict, and reduced inequalities.
The 2019 Global Commission on Adaptation Report found that every $1 invested in adaptation can generate up to $7.1 trillion in total benefits globally by avoiding damages and building social and environmental value.

Climate inaction is already leading to massive economic losses from extreme weather. The International Federation of Red Cross and Red Crescent Societies' 2019 Cost of Doing Nothing report estimates that those in need of annual international humanitarian assistance for climate-related disasters could double to over 200 million by 2050, costing an additional $20 billion annually.
The Climate Policy Initiative estimates the financial cost of inaction to be $1,266 trillion. The social cost is much higher:
The two-year Global Stocktake for the Paris Agreement at COP28 confirmed that we are way off track from the targeted 1.5°C target. The window for achieving the Sustainable Development Goals and specific climate goals is rapidly closing.
If governments won't act on climate change for people or the planet, they should at least be motivated by the trillions it will cost them if they continue to do nothing.
Failing to address climate change is a failure for our planet and for humanity. Why pay trillions in disaster relief, conflict mitigation, aid, and migration management when the solutions are at our feet today?
As the Climate Policy Initiative says, "The longer our home remains aflame, the harder and more expensive it will be to extinguish the fire and repair the damage."
"Existing climate mitigation approaches, including scaling up renewable energy and protecting carbon-storing ecosystems, are critical to limit the increase in global temperatures," said the lead author.
In the lead-up to the Trump administration effectively destroying the US Environmental Protection Agency's ability to combat the fossil fuel-driven climate emergency, an international team of scientists warned Wednesday that "Earth's climate is now departing from the stable conditions that supported human civilization for millennia."
Various institutions, including in the United States, have confirmed that 2025 was among the hottest years on record, and January continued that trend. Meanwhile, governments and polluting industries have repeatedly refused to impose policies that adequately heed experts' calls for action.
"In an effort to mitigate dangerous levels of warming, the Paris Agreement formalized the aim of limiting warming to 1.5°C above preindustrial levels, yet global temperatures have recently breached this limit for 12 consecutive months, coinciding with record-breaking heat, wildfires, floods, and other extremes," the scientists noted Wednesday in the journal One Earth.
They wrote that "crossing critical temperature thresholds may trigger self-reinforcing feedbacks and tipping dynamics that amplify warming and destabilize distant Earth system components. Uncertain tipping thresholds make precaution essential, as crossing them could commit the planet to a hothouse trajectory with long-lasting and potentially irreversible consequences."
A "hothouse trajectory," they wrote, is "a pathway in which self-reinforcing feedbacks push the climate system past a point of no return, committing the planet to substantially higher long-term temperatures, even if emissions are later reduced."
"Sixteen major tipping elements have been identified, 10 of which could add to global temperature if triggered," the experts detailed. "Tipping may already be underway or could occur soon for the Greenland and West Antarctic ice sheets, boreal permafrost, mountain glaciers, and parts of the Amazon rainforest."
As an example, they pointed to ice melt in the Arctic, explaining that the resulting water "could perturb the Atlantic Meridional Overturning Circulation (AMOC), which is already showing signs of weakening. A weakened AMOC could alter global atmospheric circulation, shifting tropical rain belts and drying parts of the Amazon. This cascade of events could trigger large-scale Amazon forest dieback, with major consequences for the region's carbon storage and biodiversity."
Concerned about the Point of No Return? Today we published a paper on the risk of a hothouse Earth trajectory. You can read it here: authors.elsevier.com/c/1mbW49C~Iu...
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— Prof William Ripple (@williamripple.bsky.social) February 11, 2026 at 2:43 PM
The team of eight was led by William Ripple, who has previously emphasized alongside other experts that "we are on the brink of an irreversible climate disaster" and "fossil fuels—and the fossil fuel industry and its enablers—are driving a multitude of interlinked crises that jeopardize the breadth and stability of life on Earth."
Ripple, distinguished professor of ecology at Oregon State University (OSU), said in a Wednesday statement that "after a million years of oscillating between ice ages separated by warmer periods, the Earth's climate stabilized more than 11,000 years ago, enabling agriculture and complex societies."
"We're now moving away from that stability and could be entering a period of unprecedented climate change," he stressed. "Existing climate mitigation approaches, including scaling up renewable energy and protecting carbon-storing ecosystems, are critical to limit the increase in global temperatures."
Study co-author Christopher Wolf, a former OSU postdoctoral researcher who is now a scientist with Terrestrial Ecosystems Research Associates (TERA), noted that already, "climate model simulations suggest the recent 12-month breach indicates the long-term average temperature increase is at or near 1.5°C."
"It's likely that global temperatures are as warm as, or warmer than, at any point in the last 125,000 years and that climate change is advancing faster than many scientists predicted," he said.
"Policymakers and the public remain largely unaware of the risks posed by what would effectively be a point-of-no-return transition," Wolf added. "And while averting the hothouse trajectory won't be easy, it's much more achievable than trying to backtrack once we're on it."
🆕 Several Earth system components may be closer to destabilisation than previously thought. Crossing key temperature thresholds could trigger feedback loops, pushing the planet toward a “Hothouse Earth” trajectory. Study by @oregonstate.edu, @iiasa.ac.at & PIK: www.sciencedirect.com/science/arti...
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— PIK_climate (@pik-potsdam.bsky.social) February 11, 2026 at 11:52 AM
The team's warnings came in the wake of Big Oil-backed President Donald Trump claiming in a United Nations speech last year that climate change is "the greatest con job ever perpetrated on the world," and ditching dozens of relevant organizations and treaties, including the Paris Agreement.
On Thursday, the Trump administration continued its war on the climate, revoking the "endangerment finding" that allowed the EPA to pass regulations fighting the global emergency—which was forcefully condemned by scientists and activists.
"In case there was any remaining doubt, the truth is very clear: Trump cares nothing for the health and well-being of our communities or our climate," said Erin Doran, senior staff attorney at the advocacy group Food & Water Watch. "He is concerned only with making more money for the billionaire fossil fuel polluters that help to fund his dangerous political agenda."
"The notion that the EPA shouldn't regulate climate emissions is inconsistent with the law, the science, and the realities of the climate crisis," Doran added. "EPA is charged with protecting human health and the environment, yet this rule does neither, benefiting only the fossil fuel industry at our expense. It's absurd, and we'll be fighting back."
Current models "assume the future will behave like the past, even as we push the climate system into uncharted territory," said the lead author of a new report that's based on input from dozens of experts.
In a report published Thursday, UK experts highlighted the "growing gap between real-world climate risk and the economic analysis used to guide policy, supervision, and investment," while also warning that because the "window for preventing catastrophic warming" is narrowing, ambitious action "cannot await perfected models."
Various scientific institutions concur that 2025 was among the hottest years on record—and the ongoing failure of governments across the globe, particularly the Trump administration, to enact policies that would significantly cut planet-heating emissions from fossil fuels is pushing the Paris Agreement's 1.5°C and 2°C goals for this century further out of reach.
The new report from the University of Exeter and the think tank Carbon Tracker Initiative, titled Recalibrating Climate Risk, incorporates the expert opinions of 68 climate scientists from Australia, Austria, Canada, China, France, Germany, the Netherlands, Norway, Spain, Sweden, the United Kingdom, and the United States.
"Our expert elicitation reveals a fundamental disconnect: Climate scientists understand that beyond 2°C, we're not dealing with manageable economic adjustments," said Jesse Abrams, lead author and senior impact fellow at Exeter's Green Futures Solutions, in a statement.
"The climate scientists we surveyed were unambiguous," he explained. "Current economic models systematically underestimate climate damages because they can't capture what matters most—the cascading failures, threshold effects, and compounding shocks that define climate risk in a warmer world and could undermine the very foundations of economic growth."
Abrams said that "for financial institutions and policymakers relying on these models, this isn't a technical problem—it's a fundamental misreading of the risks we face, which current models miss entirely because they assume the future will behave like the past, even as we push the climate system into uncharted territory."
Current economic models miss the mark on climate risks, warning that catastrophic tipping points and extreme weather could crash the global economy, far worse than 2008.As said many times before delaying action will be far costlier than cutting emissions now.www.theguardian.com/environment/...
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— Ian Hall (@ianhall.bsky.social) February 5, 2026 at 12:46 AM
Communities around the world are already contending with devastating droughts, fires, and storms—and, as another report from researchers at Exeter and the UK's Institute and Faculty of Actuaries (IFOA) pointed out last month, "above 1.5°C, we enter the danger zone where multiple climate tipping points may be triggered, such as the collapse of ice sheets in Greenland and Antarctica, permafrost melt, Amazon dieback, and changes in ocean circulation."
The IFOA report "warned that when cascading and systemic risks are taken into account, warming of 2°C by 2050 could result in a 25% hit to projected GDP, rising to a halving of projected economic growth between 2070 and 2090," BusinessGreen editor-in-chief James Murray reported Thursday. "Similarly, a report from consultancy Boston Consulting Group calculated a third of the global economic output could be lost under a scenario where temperatures reach 3°C above preindustrial levels by 2100."
"The studies stand in stark contrast to some mainstream economic models that have suggested warming of 2°C or more will only reduce projected economic growth by a few percentage points—analyses that have been seized upon by opponents of climate action to argue that decarbonization policies can be dropped or delayed," Murray noted.
Abrams told the Guardian that some current economic models "are saying we'll have a 10% GDP loss at between 3°C and 4°C, but the physical climate scientists are saying the economy and society will cease to function as we know it. That's a big mismatch."
Your periodic reminder that the economic models that suggest climate change will knock a couple of percent of future GDP - models that are used widely by governments, investors, and businesses - are almost certainly complete garbage. www.businessgreen.com/news/4525211...
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— James Murray (@james-bg.bsky.social) February 5, 2026 at 7:08 AM
Laurie Laybourn, a Carbon Tracker board member and executive director of Strategic Climate Risks Initiative, cited another recent report that provides a bleak picture of the current moment and what lies ahead.
"As the UK government's landmark security assessment of ecosystem collapse showed last week, we are currently living through a paradigm shift in the speed, scale, and severity of risks driven by the climate-nature crisis," he said. "Yet, beyond this report, there has not been a corresponding paradigm shift in how regulators and government as a whole assess these risks."
"Instead, they're routinely underestimated if not missed entirely, meaning many regulations and government action are dangerously out of touch with reality," he continued. "This threatens disaster when that reality catches up with us. So, it's critical that policymakers change course, providing clear signals and guidance to markets that these risks should be priced accordingly, rather than downplayed."
And, as the experts emphasized Thursday, it's not just policymakers—investors are also still relying on "flawed economic advice," said Carbon Tracker founder and CEO Mark Campanale. The result is "widespread complacency... with many investors viewing climate scenario analysis as a tick-box disclosure exercise."
"Until the gap between scientists and economists' expectations of future climate damages is closed and government bodies act to ensure the integrity of advice upon which investment decisions are made," he added, "financial institutions will continue to chronically underprice climate risks—meaning that pension funds and taxpayers will remain dangerously exposed."
Hetal Patel, head of sustainable investment research at Phoenix Group, the UK's largest and retirement and savings business, said that her firm "supports the report's call for a more robust and coordinated approach to climate‑risk modeling. Underestimating physical risk doesn't just distort financial analysis and investment decisions, it underplays the real‑world consequences that will ultimately affect customer outcomes and society as a whole."
The new report stresses that addressing the "fundamental disconnect between what climate scientists understand about climate impacts and how these impacts are represented in economic models" would require "research investments spanning years," but rather than simply waiting for better modeling, decision-makers "must proceed on the basis of precautionary risk management, physical climate science, and observed impacts."