How climate cooperation turned into a global race for green power

By Rahmat Poudineh, Honorary Research Associate, Oxford Sustainable Finance Group, University of Oxford

Nearly a decade after the Paris agreement, the world is emitting more greenhouse gases than ever. Global emissions reached a record 53 billion tonnes in 2024 – about 10% higher than in 2015, when the deal was signed. Despite near-universal participation, the international effort to cut emissions is failing.

The Paris system, built on voluntary pledges, has turned into more of a reporting exercise than a coordination mechanism.

Even…

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