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By the end of 2019, more than 11,000 world scientists declared Planet Earth is facing a climate emergency, which signals the failure of the global climate agenda (GCA). Since it took off thirty years ago, emissions have continued to increase at the planetary level. We add to the literature focusing on the economic and political dimensions shaping the GCA. In particular, we examine its economic growth roots under the umbrella of sustainable development (SD) or green growth to shed some light on whether the rules driving the world economy are shaping it. Such rules are built on the growth ideology fuelling the current extractivist socioeconomic metabolism, which in turn lies behind the socioecological crisis. We review the main international climate-focused events and document a shift in the guiding principles of climate politics from the 1980s onwards under which growth is no longer viewed as a driver of climate change (CC) but as its solution. We argue that the strategy to promote growth-based SD represents the main cause of policy failure. Indeed, the result is a policy that is highly reliant on technological solutions and market-based instruments and leads to the belief that green growth is both possible and the solution to CC. Such a belief restricts the debate to the economy’s ‘decarbonisation’ and CC adaptation and overlooks other important socio-political aspects involve in climate action.