COP29 under Tension: Climate Commitments Threatened by Fossil Fuel Interests

As COP29 approaches in Azerbaijan, tensions emerge as climate ambitions clash with economic realities, and vulnerable nations express growing impatience.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

The commitments made during COP28 in Dubai to gradually reduce global reliance on fossil fuels are struggling to materialize. With COP29 approaching in Azerbaijan, many observers are concerned about the lack of tangible progress. This year’s climate conference focuses on North-South financial assistance to support developing countries facing the consequences of climate change. However, the gradual phasing out of fossil fuels, which remains a core environmental issue, seems to be taking a back seat.

One Year After Dubai: Disappointing Progress

In 2023, at COP28 in Dubai, an unprecedented commitment was made to initiate a global transition to more sustainable energy sources. However, according to several diplomats and experts, inertia remains, particularly among major economic powers, which continue to expand their oil and gas production. CO₂ emissions, the main contributor to climate change, continue to rise, fueling impatience among nations most threatened by climate change, such as small island states.

Katrine Petersen, a member of the think tank E3G, highlights the need to maintain pressure to prevent recent climate gains from being erased. She emphasizes that “leaders lack political leadership on certain key points,” lamenting that the debate around oil has lost momentum in current discussions.

Political and Economic Resistance

Azerbaijan’s role as the host of COP29, and an important oil producer, raises questions. Some observers fear that the country may deliberately hinder discussions to protect its oil interests, an accusation firmly rejected by the Azerbaijani government. Toiata Uili, coordinator of the Alliance of Small Island States (AOSIS), states that his organization is ensuring that large nations honor their 2023 commitments, despite the resistance shown by several oil-producing states.

Azerbaijani representative Ialtchine Rafiev acknowledges that some countries seek “clear next steps” regarding the gradual abandonment of fossil fuels. However, behind the scenes, the push to slow any significant progress comes primarily from oil producers, reluctant to intensify their environmental commitments. A Western diplomat, speaking on condition of anonymity, reveals that some oil-producing countries feel they already committed too much at COP28, reinforcing their resistance to new initiatives.

An Incomplete Energy Transition

Despite this resistance, there is noticeable progress in renewable energy. The International Energy Agency (IEA) recently announced that investments in clean technologies, particularly in solar and wind energy, now surpass fossil fuel investments. According to IEA projections, half of the world’s electricity could come from low-carbon sources by 2030.

However, Dave Jones, an expert at the think tank Ember, warns that the rapid growth of renewables is insufficient to offset the global increase in energy demand, limiting the actual impact on CO₂ emissions reduction. This contradiction reflects the current dilemma: although renewable energy is expanding, its growth is hampered by persistent fossil fuel demand in many parts of the world.

Expectations of Civil Society

Civil society, represented by NGOs such as 350.org and Oil Change, calls out developed countries that continue to finance fossil fuel extraction projects. Andreas Sieber, from 350.org, asserts that “climate commitments cannot be reduced to hollow words.” This sentiment is shared by many activists, who accuse the leaders of the COP-hosting countries from 2023 to 2025 – the United Arab Emirates, Azerbaijan, and Brazil – of increasing hydrocarbon production while advocating for ecological transition.

A Tense COP29 Ahead

Expectations are high for COP29, where countries worldwide must submit strengthened climate plans to the UN. However, the persistence of oil and gas exploration projects in several countries casts doubt on the sincerity of commitments made at previous conferences. While Papua New Guinea, vulnerable to climate disasters, has announced it will boycott COP29, other nations are publicly expressing their frustration.

The summit, scheduled in Baku, raises concerns about the international community’s ability to converge on concrete and ambitious solutions to address the climate emergency. The pressure on leaders is at its peak, as the future of the commitments made in Dubai remains uncertain in the face of persistent economic interests tied to fossil fuels.

Solar and wind generation exceeded the increase in global electricity demand in the first three quarters of 2025, leading to a stagnation in fossil fuel production according to the latest available data.
The Malaysian government plans to introduce a carbon tax and strengthen regional partnerships to stabilise its industry amid emerging international regulations.
E.ON warns about the new German regulatory framework that could undermine profitability of grid investments from 2029.
A major blackout has disrupted electricity supply across the Dominican Republic, impacting transport, tourism and infrastructure nationwide. Authorities state that recovery is underway despite the widespread impact.
Vietnam is consolidating its regulatory and financial framework to decarbonise its economy, structure a national carbon market, and attract foreign investment in its long-term energy strategy.
The European Bank for Reconstruction and Development strengthens its commitment to renewables in Africa by supporting Infinity Power’s solar and wind expansion beyond Egypt.
Governor Gavin Newsom attended the COP30 summit in Belém to present California as a strategic partner, distancing himself from federal policy and leveraging the state's economic weight.
Chinese authorities authorise increased private sector participation in strategic energy projects, including nuclear, hydropower and transmission networks, in an effort to revitalise slowing domestic investment.
A new regulatory framework comes into effect to structure the planning, procurement and management of electricity transmission infrastructure, aiming to increase grid reliability and attract private investment.
À l’approche de la COP30, l’Union africaine demande une refonte des mécanismes de financement climatique pour garantir des ressources stables et équitables en faveur de l’adaptation des pays les plus vulnérables.
Global energy efficiency progress remains below the commitments made in Dubai, hindered by industrial demand and public policies that lag behind technological innovation.
Global solar and wind additions will hit a new record in 2025, but the lack of ambitious national targets creates uncertainty around achieving a tripling by 2030.
South Korean refiners warn of excessive emissions targets as government considers cuts of up to 60% from 2018 levels.
Ahead of COP30 in Belém, Brazilian President Luiz Inacio Lula da Silva adopts a controversial stance by proposing to finance the energy transition with proceeds from offshore oil exploration near the Amazon.
An international group of researchers now forecasts a Chinese emissions peak by 2028, despite recent signs of decline, increasing uncertainty over the country’s energy transition pace.
The end of subsidies and a dramatic rise in electricity prices in Syria are worsening poverty and fuelling public discontent, as the country begins reconstruction after more than a decade of war.
Current emission trajectories put the planet on course for a 2.3°C to 2.5°C rise, according to the latest UN calculations, just days before the COP30 in Belem.
The Australian government plans to introduce a free solar electricity offer in several regions starting in July 2026, to optimize the management of the electricity grid during peak production periods.
India is implementing new reforms to effectively integrate renewable energy into the national grid, with a focus on storage projects and improved contracting.
China added a record 264 GW of wind and solar capacity in the first half of 2025, but the introduction of a new competitive pricing mechanism for future projects may put pressure on prices and affect developer profitability.

All the latest energy news, all the time

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.