Reality check: Here’s what the COP26 deals actually mean for our future climate
3 years, 1 month ago

Reality check: Here’s what the COP26 deals actually mean for our future climate

CNN  

Glasgow, Scotland CNN — Delegates from around the world hammered out a number of agreements in the first week of COP26, an international summit where global leaders are attempting to limit the climate crisis. Several countries had already agreed to end coal financing, but this deal is the first to include gas and oil, so it’s something of a breakthrough. Ending public money for oil and gas will similarly present a huge new hurdle to the economics of many oil and gas projects.” Reality check: The statement opens a path to a more-official deal, but critics say it doesn’t go far enough and should include financing for fossil fuel projects at home, not just internationally. The deal didn’t include China, India and the US – the world’s three biggest coal users, which are also the biggest greenhouse gas emitters. “This is the first global commitment on reducing the potent greenhouse gas methane, and it’s an incredible step forward … presidents and prime ministers standing up and recognizing that reducing methane is the strongest lever we can pull to rapidly and substantially reduce the rate of warming,” said Sarah Smith, a program director at Clean Air Task Force.

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History of this topic

West’s hypocrisy at COP29: Why Global South must draw the line
3 weeks, 1 day ago

West’s hypocrisy at COP29: Why Global South must draw the line

Firstpost  

Perhaps it is time for the Global South to signal its collective agency by exploring a South-South Carbon Adjustment Union. While such a measure may not directly generate significant revenue, it would send a powerful message to the developed world The Global South's call for substantial and immediate financial support has been met with empty promises and token gestures, exposing …

After nearly 10 years of debate, COP29’s carbon trading deal is seriously flawed
4 weeks, 1 day ago

After nearly 10 years of debate, COP29’s carbon trading deal is seriously flawed

New Indian Express  

Negotiators at the COP29 climate conference in Baku have struck a landmark agreement on rules governing the global trade of carbon credits, bringing to a close almost a decade of debate over the controversial scheme. The deal paves the way for a system in which countries or companies buy credits for removing or avoiding greenhouse gas emissions elsewhere in the …

COP29 Agreement Says Someone Should Pay to Help Developing Countries, but Not Who
54 years, 11 months ago

COP29 Agreement Says Someone Should Pay to Help Developing Countries, but Not Who

Wired  

At around 3 am on Sunday morning, in a drained plenary, the gavel slammed to bring COP29 to a close. The conference, whose primary focus was agreeing on a new finance deal to help developing nations with their climate actions, was supposed to end on Friday. The final extra day was marked by drafts, huddles, and bitter clashes behind closed …

Cop29 climate deal worth £240BILLION is finally struck but excludes China - as developing countries say the sum is 'too little, too late'
1 month ago

Cop29 climate deal worth £240BILLION is finally struck but excludes China - as developing countries say the sum is 'too little, too late'

Daily Mail  

Wealthy countries yesterday agreed to triple the amount of aid they pay to developing nations to tackle climate change in a last-minute deal at the Cop29 summit. But climate groups labelled the funding agreement, designed to help developing nations combat global warming and to modernise their economies, a ‘drop in the ocean’ of rising seawaters. Yalchin Rafiyev, Azerbaijan's COP29 lead …

COP29 Climate Finance Deal Collapses as Developed Nations Resist $1.3 Trillion Target
1 month ago

COP29 Climate Finance Deal Collapses as Developed Nations Resist $1.3 Trillion Target

The Hindu  

Published : Nov 24, 2024 17:46 IST - 6 MINS READ In the global climate negotiations that continued at the 29th edition of the Conference of Parties in Baku, Azerbaijan, between November 11 and 22, there was agreement on one issue. So, common sense suggests that developed countries, which are responsible for much of the cumulative carbon emissions that have …

COP29 ends with contentious outcome
1 month ago

COP29 ends with contentious outcome

China Daily  

COP29 President Mukhtar Babayev walks during a closing plenary meeting at the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan, Nov 24, 2024. Following two weeks of wrangling between the delegations of developing and developed countries, the COP29 United Nations climate change conference finally concluded, more than 30 hours past its deadline, with the adoption of a climate finance …

COP29 Baku: UN rules facilitating carbon trading between nations agreed upon
1 month ago

COP29 Baku: UN rules facilitating carbon trading between nations agreed upon

India Today  

New rules allowing wealthy polluting countries to buy carbon-cutting "offsets" from developing nations were agreed at UN climate talks on Saturday, in a move already raising fears they will be used to greenwash climate targets. Supporters say a UN-backed framework for carbon trading could direct investment to developing nations where many credits are generated. Carbon credits are generated by activities …

COP29 ends with contentious outcome
1 month ago

COP29 ends with contentious outcome

China Daily  

COP29 President Mukhtar Babayev walks during a closing plenary meeting at the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan, Nov 24, 2024. Following two weeks of wrangling between the delegations of developing and developed countries, the COP29 United Nations climate change conference finally concluded, more than 30 hours past its deadline, with the adoption of a climate finance …

COP29: $300 billion climate deal pushed through despite stiff opposition
1 month ago

COP29: $300 billion climate deal pushed through despite stiff opposition

New Indian Express  

BAKU: The United Nations climate summit in Baku on Sunday concluded amidst high drama with the adoption of a controversial agreement to triple climate finance for developing countries to $300 billion annually by 2035. Chandni Raina, adviser to the Department of Economic Affairs and part of India’s negotiating team, criticised the agreement for failing to address the urgent needs of …

COP29 seals deal on global carbon credit trading after years of debate
1 month ago

COP29 seals deal on global carbon credit trading after years of debate

Firstpost  

Carbon credits are created through projects such as planting trees or putting up wind farms in a poorer country that receive one credit for every metric ton in emissions that they reduce or suck out of the atmosphere. File image/ Reuters Countries at the COP29 climate summit finalised an agreement on Saturday to establish a global carbon credit market to …

COP29 talks extended as draft $250 billion finance offer flops
Trending News
1 month ago

COP29 talks extended as draft $250 billion finance offer flops

Hindustan Times  

Baku: The COP29 climate summit was extended by a day after developing nations reacted with fury to developed countries’ proposal of $250 billion annual climate finance by 2035, calling it “a slap in the face” and far below their demand of $1.3 trillion, raising fears of a Copenhagen-like deadlock. “The quantum is an eyewash,” said a developing country negotiator, noting …

COP29 climate financing negotiations in stalemate
1 month ago

COP29 climate financing negotiations in stalemate

China Daily  

The COP29 United Nations climate change conference went into a stalemate on Friday, its scheduled conclusion date, with key concerns from developing countries largely unaddressed. A key task of the UN gathering, which kicked off on Nov 11 in Baku, Azerbaijan, is to establish a post-2025 climate finance commitment from developed nations to developing countries, building on the previous pledge …

COP29 climate financing negotiations in stalemate
1 month ago

COP29 climate financing negotiations in stalemate

China Daily  

The COP29 United Nations climate change conference went into a stalemate on Friday, its scheduled conclusion date, with key concerns from developing countries largely unaddressed. A key task of the UN gathering, which kicked off on Nov 11 in Baku, Azerbaijan, is to establish a post-2025 climate finance commitment from developed nations to developing countries, building on the previous pledge …

UN chief urges aligning climate action with limiting global warming to 1.5°C
1 month ago

UN chief urges aligning climate action with limiting global warming to 1.5°C

Live Mint  

New Delhi: Every country’s next round of nationally determined contributions must contain unambiguous, absolute emissions reduction targets for 2030 and 2035, and align fossil fuel production and consumption plan to limiting global warming to 1.5°C above pre-industrial levels, UN secretary-general António Guterres said on Tuesday at the G20 meeting in Rio de Janeiro, Brazil. This assumes significance, as negotiations for …

Collective action on climate finance urged
1 month ago

Collective action on climate finance urged

China Daily  

By YANG HAN in Hong Kong | China Daily | Updated: 2024-11-19 09:51 COP29 President Mukhtar Babayev, Executive Secretary of UNFCCC Simon Stiell and Nabeel Munir, Chair of the UNFCCC's Subsidiary Body for Implementation, attend a press conference during the United Nations climate change conference COP29 in Baku, Azerbaijan, November 18, 2024. Asia needs collective and sustainable action to meet …

China defends climate fund role
1 month ago

China defends climate fund role

China Daily  

A night view shows the venue of the United Nations climate change conference, known as COP29, in Baku, Azerbaijan, Nov 11, 2024. Rather, it is the obligation of developed countries to support developing economies in this matter, said China's Climate Envoy Liu Zhenmin. He also underscored China's consistent solidarity with other developing nations to ensure that developed countries come up …

China defends climate fund role
1 month ago

China defends climate fund role

China Daily  

A night view shows the venue of the United Nations climate change conference, known as COP29, in Baku, Azerbaijan, Nov 11, 2024. Rather, it is the obligation of developed countries to support developing economies in this matter, said China's Climate Envoy Liu Zhenmin. He also underscored China's consistent solidarity with other developing nations to ensure that developed countries come up …

Collective action on climate finance urged
1 month ago

Collective action on climate finance urged

China Daily  

COP29 President Mukhtar Babayev, Executive Secretary of UNFCCC Simon Stiell and Nabeel Munir, Chair of the UNFCCC's Subsidiary Body for Implementation, attend a press conference during the United Nations climate change conference COP29 in Baku, Azerbaijan, November 18, 2024. Asia needs collective and sustainable action to meet its green finance needs, experts have said, as negotiations at the COP29 UN …

Collective action on climate finance urged
1 month ago

Collective action on climate finance urged

China Daily  

COP29 President Mukhtar Babayev, Executive Secretary of UNFCCC Simon Stiell and Nabeel Munir, Chair of the UNFCCC's Subsidiary Body for Implementation, attend a press conference during the United Nations climate change conference COP29 in Baku, Azerbaijan, November 18, 2024. Asia needs collective and sustainable action to meet its green finance needs, experts have said, as negotiations at the COP29 UN …

Climate finance is central for enabling and implementing climate actions, says India at COP29
1 month ago

Climate finance is central for enabling and implementing climate actions, says India at COP29

Live Mint  

New Delhi: Highlighting four essential aspects of global climate action, Leena Nandan, secretary of the ministry of environment, forest and climate change at COP29 on Monday, said the pre-2030 period is an opportunity to enhance global climate action through climate finance to reduce emissions and meet net zero. It is an opportunity to enhance global climate action,” Nandan said in …

G20 nations reach climate finance breakthrough that eluded COP29 talks: Report
1 month, 1 week ago

G20 nations reach climate finance breakthrough that eluded COP29 talks: Report

India Today  

Diplomatic tensions over global warming spilled over into the G20 summit negotiations in Brazil this week, with sources saying the 20 major economies reached a fragile consensus on climate finance that had eluded UN talks in Azerbaijan. G20 countries account for 85% of the world's economy and are the largest contributors to multilateral development banks helping to steer climate finance. …

Nearly 500 carbon capture lobbyists granted access to Cop29 climate summit
1 month, 1 week ago

Nearly 500 carbon capture lobbyists granted access to Cop29 climate summit

New Indian Express  

BAKU, Azerbaijan: At least 480 lobbyists for companies and groups that advocate for a misguided technology that prolongs fossil fuel use have gained access to the COP29 climate talks, according to a new analysis conducted by the Center for International Environmental Law. The number of Carbon Capture, Utilization, and Storage lobbyists is higher than the core delegations from the United …

'Out of sync': The trillion-dollar climate puzzle that's become a diplomatic nightmare
1 month, 1 week ago

'Out of sync': The trillion-dollar climate puzzle that's become a diplomatic nightmare

BBC  

'Out of sync': The trillion-dollar climate puzzle that's become a diplomatic nightmare Getty Images As countries negotiate a new global goal to raise climate cash, these five charts show why discussions are so fraught. "Developing countries eager to act are facing many obstacles: scant public finance; raging cost of capital; crushing climate disasters; and debt servicing that soaks up funds," …

A lot riding on COP29 in spite of practical gap
1 month, 1 week ago

A lot riding on COP29 in spite of practical gap

China Daily  

A night view shows the venue of the United Nations climate change conference, known as COP29, in Baku, Azerbaijan, Nov 11, 2024. Editor's Note: The following are excerpts of speeches and interviews by Liu Zhenmin, China's special envoy for climate change, before and during the 29th session of the Conference of the Parties to the United Nations Framework Convention on …

Can COP29 deliver the big bucks needed to fight climate change?
1 month, 1 week ago

Can COP29 deliver the big bucks needed to fight climate change?

India Today  

On the shores of the Caspian Sea, Baku is welcoming leaders, climate activists, civil society members, and negotiators from over 200 countries with heightened anticipation around setting more ambitious climate finance targets through the proposed New Collective Quantified Goal. The agenda aims to revitalise global climate finance commitments, yet concerns loom over the pace and scale of progress. Across the …

CoP-29: Prospects of a climate breakthrough look extremely bleak
1 month, 1 week ago

CoP-29: Prospects of a climate breakthrough look extremely bleak

Live Mint  

Has there ever been a grimmer backdrop to the world’s most concerted attempt to avert global warming? We’ve only got 7 years left of current-rate pollution to retain an even chance of keeping global warming below 1.5° Celsius. The main reason Kyoto failed to rein in global emissions was that it didn’t cover emerging nations, something remedied in the 2015 …

Where Will the COP29 Money Come From?
1 month, 1 week ago

Where Will the COP29 Money Come From?

Live Mint  

-- COP29 Daily Reports: Sign up for the Green Daily newsletter for comprehensive coverage of the climate summit right in your inbox. But that moniker could have been given to almost any of the other recent United Nations gatherings of world leaders: the COP26 confab in Glasgow in 2021 focused on enlisting institutional investors in the fight against global warming; …

COP 29: Developed economies must learn to prioritise lives over profits
1 month, 1 week ago

COP 29: Developed economies must learn to prioritise lives over profits

Al Jazeera  

The so called ‘Wall Street Climate Consensus’ cannot be allowed to shape the new climate finance deal being negotiated in Baku. This means, that if developing nations are to have any chance of building clean-energy systems, preparing for extreme weather events and responding effectively to natural disasters like the one in Spain, it is crucial that a new, much more …

High-level report calls for $1 trillion boost in climate finance at COP29
1 month, 1 week ago

High-level report calls for $1 trillion boost in climate finance at COP29

India Today  

As the COP29 climate summit continues in Baku, a new report highlights an urgent call for climate finance to meet critical global targets. Published by an independent high-level expert group, the report recommends mobilising $1 trillion annually for developing countries by 2030, a move that would help address climate challenges under the Paris Agreement. The group aims to support policy …

Why are countries fighting over climate finance at COP29?
1 month, 1 week ago

Why are countries fighting over climate finance at COP29?

The Hindu  

The main task for nearly 200 countries at the U.N.'s COP29 climate summit is to broker a deal that ensures up to trillions of dollars in financing for climate projects worldwide. Wealthy countries pledged in 2009 to contribute $100 billion a year to help developing nations cope with the costs of a transition to clean energy and adapting to the …

COP29 agrees to set up carbon market; India to ensure parties weave clearer rules for global carbon markets
Trending News
1 month, 1 week ago

COP29 agrees to set up carbon market; India to ensure parties weave clearer rules for global carbon markets

Live Mint  

New Delhi: A global carbon market will be set up after a landmark decision on the first day of the global climate summit in Baku, at the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change. It offers two pathways for countries and companies to trade carbon offsets, supporting the achievement of emission …

COP29 climate summit adopts controversial carbon credit standards, drawing mixed reactions
1 month, 1 week ago

COP29 climate summit adopts controversial carbon credit standards, drawing mixed reactions

New Indian Express  

BAKU: The COP29 presidency has announced an early success with the adoption of standards for carbon credits, referred to as Article 6.4 of the Paris Agreement. COP29 lead negotiator, Yalchin Rafiyev, told the media, “This will be a game-changing tool to direct resources to the developing world and help us save up to $250 billion a year when implementing our …

A methane pollution fee on oil and gas faces a cloudy future under Trump
1 month, 1 week ago

A methane pollution fee on oil and gas faces a cloudy future under Trump

NPR  

A methane pollution fee on oil and gas faces a cloudy future under Trump toggle caption Matthew Brown/AP Oil and gas companies would have to pay a fee for releasing climate-warming methane into the atmosphere under new regulations from the Environmental Protection Agency. Sponsor Message "EPA has been engaging with industry, states, and communities to reduce methane emissions so that …

COP29 Begins With Climate Finance, Absent Leaders, and Trump Looming Large
54 years, 11 months ago

COP29 Begins With Climate Finance, Absent Leaders, and Trump Looming Large

Wired  

$1 trillion a year in climate finance—that’s the goal. At these conferences, held every 12 months, everyone has a microphone—small islands with 10,000 inhabitants sit next to the giant countries of the world as they try to make decisions on how to curb climate change and its impacts. In Baku, the first city in the world to commercially exploit oil, …

COP29: Climate talks off to rocky start, but carbon mkts mechanism approved
Top News
1 month, 1 week ago

COP29: Climate talks off to rocky start, but carbon mkts mechanism approved

Hindustan Times  

New Delhi: The COP29 climate negotiations opened in Baku on Monday with proceedings stalled for hours over disagreements on key matters on the agenda, but countries later approved new UN standards for international carbon markets in a key step towards allowing countries to trade credits to meet climate targets. By trying to ram through loose standards for dangerous carbon crediting …

A guide to COP29 climate jargon
1 month, 1 week ago

A guide to COP29 climate jargon

The Hindu  

With the U.N. climate talks tackling complex topics from energy policy to global financial aid, the annual summit has developed its own ever-growing lexicon. UNFCCC: This acronym stands for the United Nations Framework Convention on Climate Change, which is the name of both the 1992 treaty committing nearly 200 countries to fighting global warming and the secretariat set up to …

India's push for $1 trillion in climate finance to take centre stage at COP29
1 month, 2 weeks ago

India's push for $1 trillion in climate finance to take centre stage at COP29

India Today  

With just days left until the United Nations Climate Change Conference begins in Azerbaijan, negotiators have yet to clearly outline a deal for a new climate finance goal. India has emphasised that developed nations need to provide at least $1 trillion annually for climate finance, as stated in the G20 New Delhi Declaration. The new financing goal will support developing …

Climate Crisis: Can COP29 Break the Cycle of Broken Promises?
1 month, 3 weeks ago

Climate Crisis: Can COP29 Break the Cycle of Broken Promises?

Live Mint  

The 2024 Emissions Gap Report paints a grim picture of global climate progress, with emissions continuing to rise and the gap between climate targets and reality widening. The report emphasizes the need for immediate action on climate finance, emissions reduction, and accountability. It highlights the responsibility of wealthy nations to fulfill their financial and emissions reduction promises, particularly to support …

Labour has been sucked in by the carbon capture ‘con’
2 months, 2 weeks ago

Labour has been sucked in by the carbon capture ‘con’

The Independent  

Labour’s decision to spend £22bn on carbon capture and storage is the first major misstep from a government many of us in the global South had hoped would bring climate action and credibility to the world stage. Carbon capture and storage – in which carbon emissions from coal, oil and gas plants are captured and buried underground for eternity – …

China is backing off coal power plant approvals after a 2022-23 surge that alarmed climate experts
4 months ago

China is backing off coal power plant approvals after a 2022-23 surge that alarmed climate experts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Upcoming COP29 set to prioritize climate finance goal
4 months, 3 weeks ago

Upcoming COP29 set to prioritize climate finance goal

China Daily  

Azerbaijan, the host of the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change, more commonly known as COP29, has vowed to make every effort to ensure a fair and ambitious climate finance goal for developed nations. The 2015 Paris Agreement aims to keep the global temperature rise this century well below …

Upcoming COP29 set to prioritize climate finance goal
4 months, 3 weeks ago

Upcoming COP29 set to prioritize climate finance goal

China Daily  

Azerbaijan, the host of the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change, more commonly known as COP29, has vowed to make every effort to ensure a fair and ambitious climate finance goal for developed nations. The 2015 Paris Agreement aims to keep the global temperature rise this century well below …

Economic Survey 2023-24: Government’s initiatives for cleaner coal need to be promoted
5 months ago

Economic Survey 2023-24: Government’s initiatives for cleaner coal need to be promoted

The Hindu  

The initiatives of the government for cleaner fuel such as coal gasification mission and exploring coal to hydrogen need to be promoted to reduce emission and increase environmental sustainability, the Economic Survey on July 22 said. While phasing in renewables to the extent possible is crucial, in the short to medium term, the focus should also be on actively adopting …

US energy industry methane emissions are triple what government thinks, study finds
9 months, 1 week ago

US energy industry methane emissions are triple what government thinks, study finds

Associated Press  

American oil and natural gas wells, pipelines and compressors are spewing three times the amount of the potent heat-trapping gas methane as the government thinks, causing $9.3 billion in yearly climate damage, a new comprehensive study calculates. About 40% of the global methane emissions from oil, gas and coal could have been avoided at no extra cost, which is “a …

Methane emissions from energy industry are triple what government thinks, study finds
9 months, 1 week ago

Methane emissions from energy industry are triple what government thinks, study finds

LA Times  

A flare burns at a well pad in North Dakota. American oil and natural gas wells, pipelines and compressors are spewing three times the amount of the potent heat-trapping gas methane as the government thinks, a new comprehensive study calculates. “If we can get this roughly 1% of sites under control, then we’re halfway there because that’s about half of …

Was the COP28 climate summit a milestone or a mirage? | Explained
1 year ago

Was the COP28 climate summit a milestone or a mirage? | Explained

The Hindu  

The 28th session of the Conference of the Parties – an annual convening of countries signatory to the United Nations Framework Convention on Climate Change – happened in Dubai this year, with high expectations that countries would take concrete steps to address the climate crisis. Countries’ decision at COP28 to transition away from fossil fuels was coupled with an ambition …

Over 110 nations to join COP28 deal to triple renewable energy
1 year ago

Over 110 nations to join COP28 deal to triple renewable energy

Hindustan Times  

A pledge to triple the world's installed renewable energy by 2030 is poised to win support from more than 110 countries at the COP28 climate summit on Saturday, with some pushing to make the deal global by the end of the U.N. conference. Getting the deal into the final U.N. climate summit decision would also require consensus among the nearly …

COP28: Philanthropies to invest $450 million in next 3 yrs to help countries tackle methane
1 year ago

COP28: Philanthropies to invest $450 million in next 3 yrs to help countries tackle methane

Firstpost  

Their announcement comes as the United States, UAE and China prepare to make several announcements at the U.N. COP28 climate summit on Saturday on raising more finance to tackle methane, and countries step forward with new plans to curb those emissions. A group of nearly a dozen well-funded philanthropies declared on Saturday their commitment to invest $450 million over the …

Major oil and gas firms have pledged to go carbon neutral by 2050: COP28 chief
1 year ago

Major oil and gas firms have pledged to go carbon neutral by 2050: COP28 chief

The Hindu  

Several oil and gas companies have committed to become net zero — or carbon neutral — by 2050, the 28th Conference of Parties President-Designate Sultan Al Jaber said at a press briefing on Wednesday ahead of the two week-long United Nations Climate Summit that begins on Thursday. could take credit for was getting the world’s two major economies — the …

COP28: Biggest climate talks ever confront global chaos and record heat
1 year ago

COP28: Biggest climate talks ever confront global chaos and record heat

Hindustan Times  

More than 70,000 politicians, diplomats, campaigners, financiers and business leaders will fly to Dubai to talk about arresting the world’s slide toward environmental catastrophe. Beyond a deal on methane and expanding renewables, other key areas for the talks are a potential commitment to phase out fossil fuels, progress on securing more climate cash for the developing world and the first …

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