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Pragmatism Trumps Climate Action as Emissions Surge Unchecked
30 Sep, 2025
Summary
- UK considers approving new oil projects, expanding aviation
- EU weakens 2040 emissions reduction target under business pressure
- US banks abandon net zero commitments, fossil fuel investment surges

As of September 30th, 2025, the global community's efforts to rein in greenhouse gas emissions have stalled, with emissions continuing to rise unabated. The hope that followed the signing of the Paris climate agreement in 2016 has long dissipated, as countries and businesses prioritize economic interests over urgent climate action.
In the UK, the Labour party is reportedly considering the approval of two major new oil fields in the North Sea, locking in the country's reliance on fossil fuels. Meanwhile, the government has greenlit the expansion of Heathrow and Gatwick airports, instead of introducing measures to reduce aviation emissions. The Conservative government has also announced a rollback of its 2050 net-zero targets, signaling its intention to extract all remaining oil and gas from UK waters.
Across the Channel, the EU has announced that its 2040 emissions reduction target will be made more flexible, allowing for the use of carbon credits to offset emissions and maintain business as usual.
In the US, the Trump administration's efforts to dismantle climate initiatives have continued, with major banks abandoning their net-zero commitments. Globally, investment in the fossil fuel sector is surging, with the world's biggest banks committing a colossal $869 billion to the sector in 2024. This resurgence of fossil fuel activity threatens to undermine any progress towards the Paris Agreement's goals.
As the world heads towards the COP30 climate conference in Brazil, the global malaise surrounding climate action appears to be spreading, with many countries delaying the submission of their updated climate plans. The excuse of 'pragmatism' is being used to justify the expansion of fossil fuel production and the ignoring of scientific evidence, putting the planet on a perilous path.
In 2024, the global average temperature briefly breached the 1.5°C threshold above pre-industrial levels, with the UK Met Office projecting a 70% chance that the next five years will see that level exceeded annually. A recent study predicts that if the planet warms by 2°C by 2050, it could cause a 25% collapse in the global economy and result in 2 billion deaths.
This is the grim reality of continuing business as usual. On a rapidly heating planet, “pragmatism” is no longer a reasonable excuse—it’s a dangerous gamble with no winners.