Climate campaigners warned that record high temperatures and a strong El Niño is resulting in severe drought in many countries, hitting crop yields and raising food prices. 350.org urged governments to move fast to protect farming communities and consumers, and mobilize the necessary funds through higher, permanent taxes on fossil fuel profits.
As a strong El Niño develops on top of already record global temperatures, leading climate scientists and policy experts warned today that media coverage attributing extreme weather primarily to El Niño is missing the real story, and that the mounting cost of climate disasters is falling hardest on the people least responsible for causing them.
Fossil fuel companies must be held responsible for the extreme heat gripping Europe by paying permanent windfall taxes to help cover the mounting health costs. A new study by World Weather Attribution found that climate change is “unequivocally” the driving force behind Europe’s record-breaking heatwave.
As G7 leaders depart Évian-les-Bains, 350 says the summit has once again proven that the G7 is not fit for purpose and is a forum that exists to protect the interests of rich countries and fossil fuel companies rather than to deliver the rapid, fair transition the world urgently needs.
New figures from the Organisation for Economic Co-operation and Development show that climate finance provided and mobilised by developed countries rose to USD 132.8 billion in 2023 and USD 136.7 billion in 2024. While the figures suggest an upward trend, campaigners warn that the headline increase mask deeper concerns about adequacy and overall reduced aid.
Decarbonization, renewable expansion and emissions reduction became the primary benchmarks of success. Energy was framed largely as an environmental issue, with progress measured by how quickly systems could move away from fossil fuels. That framing is now evolving.
