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Over 832,000 Lives Lost, $4.5 Trillion in Damages, Extreme Weather The “New Normal”: Warns Climate Risk Index

A new report reveals the staggering toll of extreme weather — over 832,000 deaths and $4.5 trillion in losses between 1995 and 2024.

Dipin Damodharan

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The numbers are stark, and the story they tell is even starker. More than 832,000 people have lost their lives and USD 4.5 trillion in direct economic losses have been recorded worldwide as a result of nearly 9,700 extreme weather events over the past three decades. That is the central finding of the Climate Risk Index (CRI) 2026, released by the environmental think tank Germanwatch at COP30 in Belém, Brazil.

The new report — the most comprehensive edition of the CRI to date — presents what its authors describe as a “mirror to global injustice”: a world where the poorest nations, least responsible for greenhouse gas emissions, continue to suffer the greatest losses.

Global South at the epicentre

According to the analysis, around 40% of the world’s population — more than three billion people — live in the eleven countries most affected by extreme weather events since 1995. These include India (ranked 9th), China (11th), Haiti (5th), and the Philippines (7th) — all nations of the Global South. None of these countries belong to the world’s richest economies, yet they bear the heaviest brunt of climate shocks.

“Heat waves and storms pose the greatest threat to human life when it comes to extreme weather events,” said Laura Schäfer, one of the index’s lead authors, in a statement. “Storms also caused by far the greatest monetary damage, while floods were responsible for the greatest number of people affected.”

In the 30-year period covered, storms alone caused over USD 2.64 trillion in damages, while floods accounted for nearly half of all people affected by disasters. Floods, storms, heat waves, and droughts together formed the deadly quartet responsible for most of the losses — both human and economic.

A decade of unrelenting disasters

From hurricanes that erased Caribbean islands to floods that swept away entire cities, the CRI 2026 paints a grim global mosaic.

At the top of the long-term index is Dominica, a tiny Caribbean island nation that has faced multiple catastrophic hurricanes. In 2017, Hurricane Maria alone caused losses amounting to three times the country’s GDP.

Myanmar ranks second, largely due to Cyclone Nargis (2008), which killed nearly 140,000 people and left deep scars still visible today. Honduras, Libya, Haiti, and Grenada follow, all of which endured either singularly devastating or repeated disasters.

The report notes that countries like Haiti, the Philippines, and India are trapped in cycles of destruction and recovery. “They are hit by floods, heat waves, or storms so regularly that entire regions can hardly recover from one disaster before the next strikes,” explained Vera Künzel, co-author of the index.

India among the top ten

India’s inclusion in the top ten highlights the scale and variety of climate hazards the country faces. Between 1995 and 2024, India endured over 430 major extreme weather events, resulting in more than 80,000 deaths, affecting 1.3 billion people, and inflicting USD 170 billion in damages (inflation-adjusted).

Recurring heat waves, increasingly intense monsoons, and devastating cyclones — from Odisha (1999) to Amphan (2020) — have made India one of the world’s most climate-vulnerable economies. Urban flooding in states like Maharashtra and Gujarat, and glacier-related floods in the Himalayas, have further underscored this fragility.

Even the rich are not spared

While the Global South remains most exposed, the new index shows that climate risks are no longer confined by wealth or borders. The United States (ranked 18th) and European nations such as France (12th) and Italy (16th) appear among the top 30 most affected countries — a reminder that the climate crisis has become universal.

“COP30 must find effective ways to close the global ambition gap”

The authors warn that no country is immune from the accelerating impacts of global warming. The year 2024 was the hottest on record, with global temperatures surpassing 1.5°C above pre-industrial levels for the first time. Scientists estimate that human-caused climate change added 41 extra days of dangerous heat for billions of people last year alone.

“The CRI 2026 results clearly demonstrate that COP30 must find effective ways to close the global ambition gap,” said David Eckstein, another co-author. “Global emissions have to be reduced immediately; otherwise, there is a risk of a rising number of deaths and economic disaster worldwide.”

A call for climate justice

The report urges the world’s wealthier nations to deliver on their long-standing promises of climate finance and loss-and-damage support for developing countries. Despite repeated commitments, funding for adaptation and disaster recovery remains far short of what vulnerable nations need.

Germanwatch estimates that developing countries may require up to USD 1.7 trillion annually by 2050 to address loss and damage caused by climate impacts. Without this support, the gap between rich and poor in climate resilience will only widen.

The CRI 2026 also points to positive developments — notably, a recent International Court of Justice advisory opinion affirming states’ legal duty to prevent and address climate harm, including through finance and reparations. The ruling, the authors note, adds legal and moral weight to the demands for urgent global action.

A warning — and a choice

Ultimately, the report is more than a statistical document; it is a warning. The patterns of destruction it reveals — from hurricanes in the Caribbean to heat waves in Asia — are not anomalies but signs of a “new normal.”

As COP30 negotiators gather in Belém, the message from the data is clear: unless emissions fall sharply and adaptation accelerates, the toll in both human lives and economic costs will keep rising.

“In a warmer world, tropical cyclones are becoming more intense and more destructive,” said Lina Adil, co-author of the index. “Without sustained global support, some nations will face challenges that are simply insurmountable.”

Dipin is the Co-founder and Editor-in-Chief of EdPublica. A journalist and editor with over 15 years of experience leading and co-founding both print and digital media outlets, he has written extensively on education, politics, and culture. His work has appeared in global publications such as The Huffington Post, The Himalayan Times, DailyO, Education Insider, and others.

COP30

Greenwashing at Scale: How Big Oil Flooded Brazil With Ads Ahead of COP30

A global investigation reveals a 2,900% spike in oil-funded Google ads targeting Brazil, exposing a sophisticated digital greenwashing campaign designed to shape public opinion before COP30.

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Illustration: S James

As COP30 concluded in Belém, a new report details how Big Oil used the months leading up to the summit to launch a massive digital greenwashing push across Brazil, one of the largest offensives seen in recent years. A new investigation reveals that major oil companies increased their Google ads targeting Brazil by an astonishing 2,900%, flooding search results with “clean energy” narratives designed to obscure their fossil-heavy expansion plans.

The report, A 2,900% Increase in Greenwash, released by the Climate Action Against Disinformation coalition (CAAD) and the Climainfo Institute, exposes how the world’s largest oil firms strategically poured money into Google’s advertising ecosystem between January and October 2025, with ad volumes peaking as Brazil’s COP30 preparations intensified and public debate around climate ambition surged.

The findings paint a stark picture, while oil companies publicly marketed themselves as climate allies, behind the scenes they executed a high-intensity digital influence operation aimed at shaping climate perceptions in the very country responsible for convening the next global climate negotiations.

“Every year Big Oil spends big money on greenwashing and disinformation to justify the pollution that’s killing people and the planet,” said Renata Albuquerque Ribeiro, a researcher at Climainfo, in a media statement. “This year, the scale went off the charts.”

“The scale of this advertising blitz is unprecedented and timed with precision to coincide with Brazil’s central role in global climate diplomacy,” said campaigners in a media statement accompanying the report.

“Every year Big Oil spends big money on greenwashing and disinformation, and it’s well past time policymakers stop letting Big Tech players like Google get rich off lies used to justify the pollution that’s killing people and the planet,” said CAAD coalition communications co-chair Philip Newell.

Brazil: A New Frontline in Fossil-Fuel Influence

Brazil’s selection as COP30 host has transformed the country into a strategic communication battleground. With the Amazon at the centre of global climate politics, Brazil’s diplomatic leadership poses a reputational challenge for oil giants that continue expanding fossil-fuel investments.

This context, researchers say, made Brazil a prime target for polished, tech-enabled influence campaigns.

Between January and October 2025:

  • Oil companies purchased thousands of Google ads promoting “clean energy transitions,” “carbon-neutral futures,” and “sustainable innovation.”
  • Ads surged most sharply in August–September, aligning with Brazil’s COP30 diplomatic roadmap announcements.
  • Search terms related to “Brazil energy transition,” “climate leadership,” and “COP30 sustainability” were among the most heavily targeted.

Behind the glossy messaging, however, the report finds “systematic attempts to rebrand fossil expansion as climate progress” — a redirection strategy designed to nudge public sentiment in a country now shaping the agenda for global climate action.

2,900%: A Number That Signals Intent

A spike of nearly 30-fold in advertising is not organic. It is strategic.

Campaign researchers show that:

  • In early 2025, oil companies ran almost no Google ads targeted specifically at Brazil.
  • By mid-2025, this changed dramatically as the COP30 calendar gained traction.
  • By October, ad volumes had soared 2,900% above January baselines.

“This is not simply a PR campaign — it is an influence operation with global stakes,” said the report’s authors.

The ads consistently highlighted themes such as “net-zero commitments,” “innovation pathways,” and “green technologies,” despite independent assessments showing these companies are increasing oil and gas investments far faster than clean energy expenditure.

“Petrobras, Brazil’s state-owned oil company, responsible for 86% of the country’s oil incidents, ran 665 ads in the first 10 months of 2025,” the report states.

“Saudi Aramco accounted for the highest share of ads in October. TotalEnergies and ExxonMobil dramatically increased their presence in mid-year. BP’s ads peaked as COP30 planning intensified,” one section of the report notes.

The Anatomy of Digital Greenwashing

The investigation found that nearly all ads shared three unifying characteristics:

1. Promoting Fossil Expansion as ‘Energy Security’

Ads framed continued oil and gas development as essential for stability, echoing language oil companies now frequently use to justify new drilling projects.

2. Overstating Climate Efforts

Phrases such as “leading on climate” and “investing in a net-zero future” dominated messaging — despite internal plans showing the opposite.

3. Targeting ‘Climate-Aware’ Audiences

The ads were deployed in Portuguese and English, aimed at Brazil’s urban, digitally connected population who would be most engaged in COP30 discourse.

This hyper-targeted strategy, the report says, relied heavily on Google’s algorithmic ad capabilities, allowing companies to “embed green narratives directly into the search environments of millions of Brazilians.”

Global Climate Diplomacy Meets Big Tech Influence

The findings raise alarming questions about the role of digital platforms in shaping global climate negotiations.

“Allowing fossil-fuel producers to amplify misleading narratives before a critical UN summit undermines democratic climate debate,” campaigners said in a media statement.

Experts warn that COP30 — intended to accelerate global transitions away from fossil fuels — risks becoming a communications battlefield dominated by the industries most responsible for climate instability.

“We believe that greenwashing in adverts by fossil fuel companies poses a major threat to climate information integrity,” added Travis Coan of C3DS.

In past summits, oil and gas lobbyists have been present inside negotiation halls. But the digital ad surge in Brazil signals a shift: the battle for influence is increasingly happening online, long before diplomatic delegations arrive.

Why Brazil Was Targeted

The report outlines several reasons Brazil became the epicentre of Big Oil’s digital scrutiny:

  • COP30 host status: Global attention is shifting to Brazil’s climate platform.
  • Amazon factor: The Amazon is a symbol of climate urgency — a narrative oil firms seek to overshadow.
  • Energy transition debate: Brazil’s growing renewable portfolio contrasts sharply with fossil expansion elsewhere.
  • Emerging regulatory gaps: Brazil lacks strict digital transparency laws governing paid climate messaging.

These conditions provided oil companies with a fertile landscape to reposition themselves as climate partners while continuing to invest heavily in fossil extraction.

When Greenwashing Meets Algorithms

The report argues that digital greenwashing has evolved beyond traditional PR. Today, misleading narratives are: algorithmically amplified, micro-targeted, geographically tailored, optimized for search behaviours, and delivered at scale.

The risk, researchers warn, is not just misinformation — it is the embedding of climate narratives that subtly distort public understanding of energy pathways.

And unlike political advertising, corporate climate ads often escape regulatory scrutiny.

From Big Oil to Big Influence: The Policy Gap

Despite the scale of the ad surge, there are few global frameworks requiring companies to disclose their digital spending on climate messaging.

Campaigners argue this gap gives fossil-fuel giants a powerful informational weapon in shaping global climate discourse.

“This level of opaque influence must be urgently addressed — especially when it targets COP host countries,” the report notes.

The authors call for stronger digital ad transparency rules, mandatory disclosures of climate-related paid messaging, clear restrictions on misleading environmental claims, and accountability from tech platforms like Google ahead of global climate events.

The investigation concludes that unchecked digital greenwashing threatens to distort public dialogue as Brazil prepares is hosting one of the most consequential climate negotiations of the decade.

And with oil companies poised to continue expanding their ad budgets into 2026, researchers warn that COP30 may become “the most digitally influenced climate summit ever.”

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From 6% to 16%: The Philippines Shows the World How Fast Climate Budgets Can Shift

In just four years, the Philippines has expanded its climate spending from PHP 282 billion to over PHP 1 trillion — one of the fastest fiscal shifts anywhere in the world.

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Flooded Street with Jeepney in Malabon, Philippines. Image credit: Tear Cordez/Pexels

Governments across the world are beginning to rethink the way national budgets are designed, moving away from traditional fiscal planning and toward systems that integrate climate considerations directly into spending decisions. A new comparative review of global green-budgeting practices reveals a trend that is gathering momentum: more countries are using their budgets as climate-governance tools. But the pace of progress varies sharply between advanced economies and emerging markets.

The Rise of Climate-Conscious Budgets

Countries such as France, Ireland, Mexico and the Philippines provide some of the clearest examples of how climate priorities are reshaping national expenditure. France has increased its identified climate-positive budget from €38.1 billion in 2021 to €42.6 billion in 2025, while Ireland expanded its environmental allocations from €2 billion (2020) to €7 billion (2025). Mexico’s transformation has been even more rapid: climate-related expenditures rose from MXN 70 billion (2021) to MXN 466 billion (2025) — a six-fold increase.

A Sudden Surge in the Philippines

Nowhere is the shift more dramatic than the Philippines. After embedding climate budget tagging across its ministries, the country’s climate budget expanded from PHP 282 billion in 2021 to more than PHP 1 trillion in 2025, raising its share of the national budget from 6% to 16%. The reform forced ministries to assess thousands of programmes through a climate lens, resulting in a shift toward resilient infrastructure, sustainable energy, water security, and climate-smart industries.

Advanced Economies Move Beyond Tagging

While emerging economies are scaling up climate allocations, advanced economies are integrating climate metrics deeper into fiscal systems. Canada’s “climate lens” requires greenhouse-gas and resilience assessments for major infrastructure projects before funding is approved. Norway links its annual budget to its Climate Change Act and long-term low-emission strategies. Germany uses sustainability indicators to guide fiscal decisions, embedding climate considerations into macroeconomic planning.

These tools go beyond transparency. They force ministries to justify public spending not only in economic terms, but in climate terms — shifting budgets from accounting documents to steering instruments.

Despite this momentum, the analysis notes a persistent gap: many countries stop at tagging climate-related expenditures without linking them to outcomes or performance indicators. Tagging improves transparency, but on its own does not change investment decisions. Without climate-based appraisal and monitoring, high-emission infrastructure can still slip through national budgets unchallenged.

The Financing Challenge

For lower-income countries, the largest barriers are financial. High capital costs, limited fiscal room, and weaker public financial management systems restrict the scale of green budgeting reforms. Even when climate spending rises, sustaining these increases requires integrating climate metrics into medium-term fiscal frameworks — something only a handful of emerging economies have attempted.

Innovations Show What’s Possible

Some models offer a blueprint. Indonesia’s climate-tagging system feeds directly into its sovereign green sukuk framework, giving investors clear visibility over the use of proceeds. This loop — tagging, reporting, financing — demonstrates how governments can leverage green budgeting to unlock larger pools of private capital.

Still in Progress

The report concludes that the next frontier for green budgeting is integration: linking budget tagging, climate-lens project appraisal, performance-based reporting, and climate-aligned fiscal strategies. Done together, these tools allow budgets to become climate-governance instruments capable of guiding national transitions.

But the pace remains uneven. Some countries are racing ahead, while others are taking incremental steps. What is clear, however, is that climate-aligned public finance is no longer optional. As climate impacts intensify, the alignment of the world’s budgets will determine who adapts — and who is left behind.

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Clean Energy Push Could Halve Global Warming by 2040, New Analysis Shows

A new Climate Action Tracker analysis shows that tripling renewables, doubling energy efficiency and cutting methane could halve global warming by 2040

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A rapid global shift to renewable energy, energy efficiency and methane cuts could halve the rate of global warming by 2040, dramatically altering the world’s climate trajectory, a new Climate Action Tracker (CAT) assessment finds.
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A rapid global shift to renewable energy, energy efficiency and methane cuts could halve the rate of global warming by 2040, dramatically altering the world’s climate trajectory, a new Climate Action Tracker (CAT) assessment finds.

The analysis shows that implementing the three core COP28 energy and methane goals—tripling renewable energy capacity, doubling energy efficiency improvements, and delivering steep methane cuts by 2030—would bring down projected warming from the current 2.6°C to 1.7°C by the end of the century.

Crucially, these actions would sharply slow near-term warming, reducing the pace of temperature rise by a third by 2035 and nearly half by 2040, compared to today’s rate of ~0.25°C per decade. This slowdown is critical not just for long-term climate goals but for immediate survival, the report stresses.

A Turning Point

The world is already struggling to cope with accelerating climate impacts. With ecosystems collapsing faster than species can adapt and communities facing worsening heatwaves, storms and crop failures, “catching up” on adaptation has become a global emergency.

CAT warns that under current policies, warming could continue rising throughout the century, leaving governments perpetually behind on adaptation planning. But halving the warming rate would give both people and ecosystems a fighting chance to adjust.

A 0.9°C Improvement in the Global Outlook

If all countries implement the three goals, the resulting emission cuts—14 GtCO₂e by 2030 and 18 GtCO₂e by 2035—would reduce expected warming this century by 0.9°C, one of the most significant improvements since the Paris Agreement.

“This is the single biggest step governments can take this decade, using goals they have already negotiated and agreed to,” the report notes.

Where the Reductions Come From

  • Tripling renewables: ~40% of total emission reductions
  • Doubling energy efficiency: ~40%
  • Methane cuts: ~20%, but delivering disproportionate warming benefits due to methane’s strong short-term impact

Finance Is the Missing Link

The report underscores that technology is not the barrier—finance is. Many emerging economies cannot deploy renewables or upgrade grids at the necessary pace without scaled-up international support.

Still, the authors say the pathway is feasible and grounded in technologies already available at commercial scale.

While the world is almost certain to overshoot 1.5°C by the early 2030s, the duration and magnitude of that overshoot will determine future levels of loss and damage. Delivering the COP28 energy and methane goals, the report concludes, is the most powerful tool the world currently has to limit that overshoot and avoid runaway climate impacts.

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