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:

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.

US President Donald Trump's One Big Beautiful Bill Act dramatically changes energy investment rules, imposing restrictions on renewables while favouring hydrocarbons, according to a recent report by consultancy firm Wood Mackenzie.
On July 8, 2025, the Senate validated the Gremillet bill, aimed at structuring France's energy transition with clear objectives for nuclear power, renewable energies, and energy renovation.
Brazil, Mexico, Argentina, Colombia, Chile, and Peru significantly increase renewable electricity production, reaching nearly 70% of the regional electricity mix, according to a recent Wood Mackenzie study on Latin America's energy sector.
The Canadian government announces an investment of more than $40mn to fund 13 energy projects led by Indigenous communities across the country, aiming to improve energy efficiency and increase local renewable energy use.
The German Ministry of Economy plans to significantly expand aid aimed at reducing industrial electricity costs, increasing eligible companies from 350 to 2,200, at an estimated cost of €4bn ($4.7bn).
The Republican budget bill passed by the U.S. Senate accelerates the phase-out of tax credits for renewable energies, favoring fossil fuels and raising economic concerns among solar and wind industry professionals.
Rapid growth in solar and wind capacities will lead to a significant rise in electricity curtailment in Brazil, as existing transmission infrastructure remains inadequate to handle this massive influx of energy, according to a recent study by consulting firm Wood Mackenzie.
In April 2025, fossil fuels represented 49.5% of South Korea's electricity mix, dropping below the symbolic threshold of 50% for the first time, primarily due to a historic decline in coal-generated electricity production.
The US Senate Finance Committee modifies the '45Z' tax credit to standardize the tax treatment of renewable fuels, thereby encouraging advanced biofuel production starting October 2025.
According to the 2025 report on global energy access, despite notable progress in renewable energy, insufficient targeted financing continues to hinder electricity and clean cooking access, particularly in sub-Saharan Africa.
While advanced economies maintain global energy leadership, China and the United States have significantly progressed in the security and sustainability of their energy systems, according to the World Economic Forum's annual report.
On the sidelines of the US–Africa summit in Luanda, Algiers and Luanda consolidate their energy collaboration to better exploit their oil, gas, and mining potential, targeting a common strategy in regional and international markets.
The UK's Climate Change Committee is urging the government to quickly reduce electricity costs to facilitate the adoption of heat pumps and electric vehicles, judged too slow to achieve the set climate targets.
The European Commission will extend until the end of 2030 an expanded state-aid framework, allowing capitals to fund low-carbon technologies and nuclear power to preserve competitiveness against China and the United States.
Japan's grid operator forecasts an energy shortfall of up to 89 GW by 2050 due to rising demand from semiconductor manufacturing, electric vehicles, and artificial intelligence technologies.
Energy-intensive European industries will be eligible for temporary state aid to mitigate high electricity prices, according to a new regulatory framework proposed by the European Commission under the "Clean Industrial Deal."
Mauritius seeks international investors to swiftly build a floating power plant of around 100 MW, aiming to secure the national energy supply by January 2026 and address current production shortfalls.
Madrid announces immediate energy storage measures while Lisbon secures its electrical grid, responding to the historic outage that affected the entire Iberian Peninsula in late April.
Indonesia has unveiled its new national energy plan, projecting an increase of 69.5 GW in electricity capacity over ten years, largely funded by independent producers, to address rapidly rising domestic demand.
French Minister Agnès Pannier-Runacher condemns the parliamentary moratorium on new renewable energy installations, warning of the potential loss of 150,000 industrial jobs and increased energy dependence on foreign countries.