COP29 UN climate talks wrap up in Baku
4 months ago

COP29 UN climate talks wrap up in Baku

China Daily  

A night view shows the venue of the United Nations climate change conference, known as COP29, in Baku, Azerbaijan, Nov 11, 2024. The COP29 United Nations climate change negotiations stumbled toward Friday's deadline, with a draft target of climate finance to developing nations falling far short of expectations. A key task of the UN gathering, which kicked off on Nov 11 in Baku, Azerbaijan, is to establish a 2025-35 climate finance commitment from developed nations to developing countries, which is officially known as the New Collective Quantified Goal. On Friday afternoon, the COP29 presidency released a new-draft climate finance deal proposal that would have developed nations take the lead in providing $250 billion per year by 2035. Wang Yi, vice-chair of China's National Expert Panel on Climate Change, said the proposed amount is not enough to achieve the goal of keeping temperature increases this century well below 1.5 C, or even below 2 C. However, he stressed that the texts need to take into account the concerns of different parties, and it's an oft-seen scenario where negotiated agreements end up leaving everyone feeling somewhat unsatisfied, but it was ultimately the only viable solution.

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History of this topic

Only 15 countries have met the latest Paris agreement deadline. Is any nation serious about tackling climate change?
1 week, 1 day ago

Only 15 countries have met the latest Paris agreement deadline. Is any nation serious about tackling climate change?

The Quint  

The latest deadline for countries to submit plans for slashing the greenhouse gas emissions fuelling climate change has passed. Only 15 countries met it – less than 8% of the 194 parties currently signed up to the Paris agreement, which obliges countries to submit new proposals for eliminating emissions every five years. Cop30 host Brazil submitted a pledge to reduce …

India, Brazil could play a key role in shaping climate talks: COP30 President-Designate
1 week, 1 day ago

India, Brazil could play a key role in shaping climate talks: COP30 President-Designate

The Hindu  

With deepening divisions among countries over trade, the exit of the United States from the Paris Agreement, and multiplying disasters from global warming, the President-Designate of the forthcoming climate talks in Belem, Brazil, Andre Lago, a former Ambassador of Brazil to India, said that this was a time that developing countries, including India and Brazil, could play a greater role …

No objection to decision on New Collective Quantified Goal at COP29: Azerbaijan lead negotiator
2 weeks, 3 days ago

No objection to decision on New Collective Quantified Goal at COP29: Azerbaijan lead negotiator

Hindustan Times  

New Delhi: There was no formal objection to the decision on the New Collective Quantified Goal at COP29 in Baku last year, Yalchin Rafiyev, Lead Negotiator for COP29 Azerbaijan said in among the first comments by the organisers on the controversial climax to the talks. HT reported on November 25 that the COP29 climate talks ended in unprecedented acrimony even …

Most nations miss deadline for plans to fight climate change. UN says take your time to do it right
Trending News
1 month, 2 weeks ago

Most nations miss deadline for plans to fight climate change. UN says take your time to do it right

Associated Press  

Nearly 200 nations faced a Monday deadline to file what the United Nations’ climate chief calls “among the most important policy documents governments will produce this century” — their plans on how they will cut emissions of heat-trapping gases. Share Share Copy Link copied Email Facebook X Reddit LinkedIn Pinterest Flipboard Print The latest versions are supposed to be compatible …

Most nations miss deadline for plans to fight climate change
1 month, 2 weeks ago

Most nations miss deadline for plans to fight climate change

LA Times  

Nearly 200 nations faced a Monday deadline to file what the United Nations’ climate chief calls “among the most important policy documents governments will produce this century” — their plans on how they will cut emissions of heat-trapping gases. Those nations account for only 16.2% of the world’s carbon dioxide emissions — the chief human-caused heat-trapping gas — and almost …

How the US exit from Paris Climate Accord will hit COP30 funding negotiations
2 months ago

How the US exit from Paris Climate Accord will hit COP30 funding negotiations

India Today  

As President Donald Trump pulls the US out of the Paris Climate Accords, experts are concerned about the future of the global climate fight and the urgent funding targets that now seem impossible to be reached. Andre Correa do Lago head of the global COP30 summit, has voiced concerns, saying negotiations will likely be "harder" at the COP30 summit compared …

Meera Gopal
2 months, 2 weeks ago

Meera Gopal

The Diplomat  

In November, the world gathered in the capital of Azerbaijan, Baku, for the annual United Nations Climate Change Conference. In the following interview, Meera Gopal – a senior program officer for climate at the Asia Society Policy Institute – details Asia’s multifaceted positions and concerns in regard to climate change, how countries from India to China approached the negotiations in …

COP29, climate finance and its optical illusion
2 months, 4 weeks ago

COP29, climate finance and its optical illusion

The Hindu  

Finance has been a major point of climate change negotiation since the launching of the United Nations-led climate change negotiations in 1991, producing the United Nations Framework Convention on Climate Change 1992. The $100 billion mark, met by the developed countries only in 2022, does not match the growing needs of climate finance corresponding to the developing countries’ nationally determined …

How global warming smashed all safety barriers in 2024
3 months ago

How global warming smashed all safety barriers in 2024

Live Mint  

New Delhi: How do we feel the effects of climate change in our everyday lives? “People just get on with their lives, and that’s not nice", she says, putting the onus of this forgetfulness on the fact that in India, we tend to focus on “seasonal climate conversations"—like heat waves during summer, and floods during the monsoon. “It’s almost inevitable …

Can U.N. summits save the planet? A faltering year of talks brings up questions about the process
3 months, 1 week ago

Can U.N. summits save the planet? A faltering year of talks brings up questions about the process

Associated Press  

The world’s nations keep faltering in their efforts to join together to save the planet from several environmental crises. Share Share Copy Link copied Email Facebook X Reddit LinkedIn Pinterest Flipboard Print Barbados Prime Minister Mia Mottley, from front left, United Kingdom Prime Minister Keir Starmer, Simon Stiell, United Nations climate chief, Antonio Guterres, United Nations secretary-general, Ilham Aliyev, Azerbaijan …

The Baku backlash: Why Cop29 needn’t be an irreversible setback for climate change
3 months, 3 weeks ago

The Baku backlash: Why Cop29 needn’t be an irreversible setback for climate change

The Independent  

I remember being captivated as a young man by this bold, Latin American leader called Rafael Correa. When the deadline passed after four years of campaigning, and deposits of only $13.3m had been received, president Correa declared that “the world has failed us” – not so different to the words echoed by the least developed country negotiators last week, who …

Climate myopia: This year’s CoP was a big disappointment but small surprise
3 months, 3 weeks ago

Climate myopia: This year’s CoP was a big disappointment but small surprise

Live Mint  

The 29th Conference of the Parties to Climate Change came to an end on 24 November 2024 with deep disappointment on the outcomes—not just on finance, but on most other aspects of the agenda. With grossly inadequate mitigation of the crisis, the climate finance that developing countries can legitimately asl for will increase exponentially, leading to continued disappointment from a …

COP29: How $300 billion climate funding is an ‘optical illusion’
3 months, 4 weeks ago

COP29: How $300 billion climate funding is an ‘optical illusion’

Firstpost  

Much of the funding relies on mobilising private finance, which often translates to loans rather than grants. Nations already grappling with crippling debt burdens face the prospect of trading financial solvency for climate action A demonstrator displays hands that reads "pay up" during a protest for climate finance at the COP29 UN Climate Summit, November 23, 2024, in Baku, Azerbaijan. …

UN climate summits turning dubious deepen crisis
3 months, 4 weeks ago

UN climate summits turning dubious deepen crisis

New Indian Express  

CHENNAI: The COP29 climate conference, hosted in Baku, concluded with palpable disappointment as developed nations committed to mobilising only $300 billion annually for climate action in developing countries. This disappointing outcome exemplifies a larger pattern that has emerged over the past several years with the annual climate summits consistently failing to deliver on their ambitious goals. According to the United …

COP29 in Baku: Oil and money stain climate talks
3 months, 4 weeks ago

COP29 in Baku: Oil and money stain climate talks

New Indian Express  

It is indeed ironical the UN Climate Conference, also known as the Conference of Parties, chooses to hold their jamborees in capitals that are the hub of fossil fuel interests. The World, desperately fighting Climate Change and global warming, held its 200-nation gathering in December 2023 in Dubai; and now COP29 has just concluded in Baku, Azerbaijan – the oldest …

COP29 Sees Discord Over Climate Finance as Developed Countries Refuse to Meet Funding Commitments
3 months, 4 weeks ago

COP29 Sees Discord Over Climate Finance as Developed Countries Refuse to Meet Funding Commitments

The Hindu  

Published : Nov 29, 2024 20:35 IST - 8 MINS READ When Azerbaijan as the Presidency of this year’s Conference of Parties held at Baku, in Azerbaijan, informed delegates working on extended time that participating countries had arrived at an agreement, there were many who disagreed. While declaring that the developed countries “shall provide financial resources to assist developing country …

UK, China can set example of joint climate action
4 months ago

UK, China can set example of joint climate action

China Daily  

LI MIN/CHINA DAILY Global surface temperatures reached record levels in 2024 as the impacts of climate change are being felt around the world. Amid rising political tensions worldwide, strong bilateral cooperation between the United Kingdom and China can provide the international leadership needed to boost the fight against climate change this decade. Sino-British climate cooperation deepening Supported by the UK's …

Global South's joint climate efforts urged
4 months ago

Global South's joint climate efforts urged

China Daily  

COP29 President Mukhtar Babayev walks during a closing plenary meeting at the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan, November 24, 2024. Developing countries need to form a Global South alliance that will strengthen climate commitments and pressure industrialized nations to fulfill their "historical responsibility" to finance mitigation and adaptation efforts, according to participants in this year's climate …

India’s stand against inadequate climate finance at COP29
4 months ago

India’s stand against inadequate climate finance at COP29

Hindustan Times  

The Conference of Parties 29 climate summit in Baku, Azerbaijan, ended on a dramatic note as negotiators announced a pledge to triple annual climate finance to $300 billion by 2035, with an aspirational target of $1.3 trillion. Therefore, we oppose the adoption of this document.” India’s rejection of the climate finance package came in the face of celebration by developed …

Contentious COP29 deal shows climate cooperation fraying at edges
4 months ago

Contentious COP29 deal shows climate cooperation fraying at edges

India Today  

When COP29 President Mukhtar Babayev stepped to the podium at the closing meeting of the Baku climate summit on Sunday morning, hoping to clinch a hard-fought agreement on global climate finance, he carried with him two speeches. He praised the agreement as a breakthrough and shamed the deal's doubters as "wrong", even as many of the climate deal's intended recipients …

COP29 Agreement Says Someone Should Pay to Help Developing Countries, but Not Who
55 years, 2 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 …

Half a loaf, at best, from the climate talks
Trending News
4 months ago

Half a loaf, at best, from the climate talks

Live Mint  

THE SENSE that the COP29 climate talks were outstaying their welcome in Baku was tangible through growing absences. In 2021 in Glasgow the attendees committed themselves to a “New Collective Quantified Goal" for climate finance that would go beyond Paris’s $100bn a year from north to south. The most frequently cited estimate of what it would cost for developing countries …

Half a loaf, at best, from the climate talks
4 months ago

Half a loaf, at best, from the climate talks

Live Mint  

THE SENSE that the COP29 climate talks were outstaying their welcome in Baku was tangible through growing absences. In 2021 in Glasgow the attendees committed themselves to a “New Collective Quantified Goal” for climate finance that would go beyond Paris’s $100bn a year from north to south. The most frequently cited estimate of what it would cost for developing countries …

What’s the controversial $300 billion COP29 climate deal? Why has it angered India, other developing nations?
4 months ago

What’s the controversial $300 billion COP29 climate deal? Why has it angered India, other developing nations?

Firstpost  

The tumultuous COP29, the UN climate summit, concluded in Azerbaijan’s Baku after talks continued until early Sunday. Developed nations forced a deal agreeing to provide $300 billion a year to the developing world from 2035 in climate finance. Developed nations forced an agreement promising to put together $300 billion a year from 2035 in climate finance. Mukhtar Babayev, COP29 President, …

Baku’s climate talks couldn’t escape the impact of Trump’s US victory
4 months ago

Baku’s climate talks couldn’t escape the impact of Trump’s US victory

Live Mint  

The CoP-29 climate summit at Baku closed with a measly deal that has deeply disappointed the developing world and civil society in developed countries. Sadly for most of the world, the rich nations that are almost wholly responsible for causing climate change—China and India, among the top five carbon emitters today, industrialized much later—agreed to pledge just $300 billion annually …

COP29 raises climate finance to $300 billion a year, India says 'optical illusion'
4 months ago

COP29 raises climate finance to $300 billion a year, India says 'optical illusion'

India Today  

After a complex negotiation at the climate finance in Baku during COP 29, countries adopted a $300 billion a year global finance target on Sunday to help poorer nations cope with the impacts of climate change. As per the final official draft by UNFCC, the central focus of COP 29 was on bringing together nearly 200 countries in Baku and …

Why developing nations like India are unhappy about the $300 billion COP29 deal
4 months ago

Why developing nations like India are unhappy about the $300 billion COP29 deal

India Today  

The $300 billion annual climate finance deal agreed upon at COP29 in Baku has sparked significant dissatisfaction among developing nations, who deem the amount insufficient to address the escalating impacts of climate change. Developing countries argue that the $300 billion target, set to be achieved by 2035, falls short of the actual financial needs required to combat climate change effectively. …

Climate talks end with mere $300 bn pledge
4 months ago

Climate talks end with mere $300 bn pledge

New Indian Express  

The United Nations Climate Change Conference in Baku concluded on Sunday amid high drama with the adoption of a controversial agreement to triple climate finance for developing countries to $300 billion annually by 2035 as against the $1.3 trillion sought by developing countries per year until 2030. The process and the amount agreed upon faced strong opposition from India and …

The COP29 climate conference ended in dramatic fashion on Sunday in Baku, Azerbaijan
4 months ago

The COP29 climate conference ended in dramatic fashion on Sunday in Baku, Azerbaijan

NPR  

The COP29 climate conference ended in dramatic fashion on Sunday in Baku, Azerbaijan The climate conference ended with a controversial deal that calls for wealthy countries to provide their poorer neighbors with $300 billion annually to help them adapt to more extreme weather. LEILA FADEL, HOST: The COP29 climate conference ended with an agreement on Sunday, which didn't always look …

Inside the Frantic Maneuvers That Saved COP29 Talks at a Cost
Trending News
4 months ago

Inside the Frantic Maneuvers That Saved COP29 Talks at a Cost

Live Mint  

-- Negotiations over hundreds of billions of dollars in new climate funding for developing countries had staggered into overtime at COP29 in Azerbaijan. Saudi Arabia’s representative, Albara Tawfiq, said the kingdom opposed bids to “shift” the responsibility for providing climate finance beyond developed countries, shutting down a bid by the EU and US to expand the pool of contributors. Rich …

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

The climate deal brokered at Cop29 is disappointing – but it is a start
4 months ago

The climate deal brokered at Cop29 is disappointing – but it is a start

The Independent  

Although the last-minute agreement on climate finance reached at the Cop29 summit in Baku was branded a “betrayal” of developing countries by campaigners, it was much better than no deal. It was less than they wanted, but the agreement called on all parties to mobilise “all public and private sources” to get closer to the poor nations’ demand for $1.3 …

Cop29 climate deal criticised as a ‘death sentence for millions’
4 months ago

Cop29 climate deal criticised as a ‘death sentence for millions’

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Campaigners have hit out at a “woefully inadequate” financial package for …

Cop29 secures last minute $300bn climate finance deal as talks saved from collapse
4 months ago

Cop29 secures last minute $300bn climate finance deal as talks saved from collapse

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Activists participated in demonstrations for climate finance at the Cop29 summit “This deal will keep …

Baku breakdown suggests a cop-out
4 months ago

Baku breakdown suggests a cop-out

Hindustan Times  

“Is this a joke?” An offhanded response by representatives of G77 at a media briefing on the quantum of the finance required for climate mitigation initially being set at $200 billion summed up COP29 that concluded over the weekend in Baku, Azerbaijan. The deal, gavelled early Sunday despite objections from the developing nations, including India, regarding the New Collective Quantified …

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

Know All About the Historic Climate Funding Deal at COP29
4 months ago

Know All About the Historic Climate Funding Deal at COP29

Deccan Chronicle  

At the COP29 climate talks, negotiators from around the world reached a landmark agreement on a new funding deal to support developing nations in addressing the challenges posed by climate change. This deal is seen as a crucial step in the fight against climate change, particularly as developing countries struggle with extreme weather events, rising sea levels, and other climate-related …

‘Optical illusion’: Key takeaways from COP29 at Baku
Trending News
4 months ago

‘Optical illusion’: Key takeaways from COP29 at Baku

Al Jazeera  

Climate finance deal criticised at COP29 as inadequate, lacking real money and clear grants for developing countries. Here are the key takeaways from this year’s summit: ‘No real money on the table’: $300bn climate finance fund slammed While a broader target of $1.3 trillion annually by 2035 was adopted, only $300bn annually was designated for grants and low-interest loans from …

COP29 ends with contentious outcome
4 months 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
4 months 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
4 months 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 ends with contentious outcome
4 months ago

COP29 ends with contentious outcome

China Daily  

By HOU LIQIANG | chinadaily.com.cn | Updated: 2024-11-24 21:44 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 …

COP29: UK and China can set a powerful example for global climate cooperation
4 months ago

COP29: UK and China can set a powerful example for global climate cooperation

China Daily  

chinadaily.com.cn | Updated: 2024-11-24 21:11 A view during a closing plenary meeting at the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan, Nov 24, 2024. Amidst rising political tensions, strong bilateral cooperation between the UK and China can provide the international leadership needed to accelerate progress on climate change this decade. Following this meeting, and to support both multilateral …

COP29: $300 billion climate deal pushed through despite stiff opposition
4 months 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 unlocks intl carbon markets under Article 6 of Paris Agreement
4 months ago

COP29 unlocks intl carbon markets under Article 6 of Paris Agreement

China Daily  

Xinhua | Updated: 2024-11-24 07:47 BAKU -- The presidency of the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change announced on Saturday that it has concluded negotiations on Article 6 of the Paris Agreement, enabling cross-border carbon trading to support global climate goals. Article 6 provides trusted and transparent carbon markets …

Here’s what to know about the new funding deal that countries agreed to at UN climate talks
4 months ago

Here’s what to know about the new funding deal that countries agreed to at UN climate talks

Associated Press  

BAKU, Azerbaijan — In the wee hours Sunday at the United Nations climate talks, countries from around the world reached an agreement on how rich countries can cough up the funds to support poor countries in the face of climate change. World Resources Institute president and CEO Ani Dasgupta called it “an important down payment toward a safer, more equitable …

After ‘paltry’ funding offers, day of chaos, fury at COP29
4 months ago

After ‘paltry’ funding offers, day of chaos, fury at COP29

Hindustan Times  

Negotiators returned to the table late on Saturday in a last-ditch effort to salvage the COP29 climate talks, hours after dramatic walkouts by developing nations and heated protests threatened to derail the conference entirely. The draft also controversially “encourages” developing country contributions through South-South cooperation while affirming that voluntary contributions won’t affect any party’s development status - language that many …

COP29 seals deal on global carbon credit trading after years of debate
4 months 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 draft deal on verge of collapse as small island nations walk out
4 months ago

Cop29 draft deal on verge of collapse as small island nations walk out

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The latest Cop29 draft deal on climate finance is thought to have been firmly rejected …

Finance deadlock pushes COP29 to brink of failure
4 months ago

Finance deadlock pushes COP29 to brink of failure

The Hindu  

Despite running into overtime, very little headway had been achieved at the U.N. climate summit in Baku late on Saturday in terms of bringing developed and developing countries any closer to agreeing to a new global financial target, called the New Collective Quantitative Goal, for a moonshot at preventing a runaway rise in global temperatures. ‘Nickels and dimes’ The newest …

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