Why IS Starmer attending COP29 summit? PM faces demands for UK to pay into $1TRILLION climate fund as he heads to Azerbaijan despite leaders from US, Germany, EU, China and India staying away
4 months, 2 weeks ago

Why IS Starmer attending COP29 summit? PM faces demands for UK to pay into $1TRILLION climate fund as he heads to Azerbaijan despite leaders from US, Germany, EU, China and India staying away

Daily Mail  

Keir Starmer will face demands the UK pay into a swollen $1trillion fund to help developing countries go green this week as he attends UN climate talks. The next President of the US, the world's second biggest polluter, is expected to boost fossil fuels, roll back green incentives domestically and take America out – again – of the global Paris Agreement on tackling climate change, which commits countries to pursue efforts to curb warming to 1.5C. A key part of the negotiations in Baku will be agreeing new finance commitments for the cash that developing countries need to green their economies and cope with the already inevitable impacts of climate change. But they must now iron out a new finance agreement that meets Paris commitments for sufficient cash flows for cutting emissions and adapting to climate change, with experts saying one trillion US dollars needs to be flowing into developing countries each year by 2030. President Ilham Aliyev has called Azerbaijan's fossil-fuel bounty 'a gift of God,' and Baku has proposed creating a Climate Finance Action Fund to collect voluntarily up to $1 billion from extractive companies across 10 countries including Azerbaijan.

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