Climate myopia: This year’s CoP was a big disappointment but small surprise
2 weeks, 4 days 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 stressed Western world. More worrisome is the assessment of the Intergovernmental Panel on Climate Change that “There are limits to adaptation and adaptive capacity for some human and natural systems at global warming of 1.5° C." So, as the key solution to climate change, why has the world done so poorly on mitigation? Having said that, and notwithstanding the notorious short-termism of businesses, private players must recognize that they’re not immune to the impacts of climate change and must lobby governments for much more stringent climate action, along with a level playing field. A new UNDP report, The Peoples’ Climate Vote 2024, reveals that “More than half of people globally said they were more worried about climate change now than last year, and four out of five want their countries to strengthen commitments to address climate change."

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Biden, on his way out, sets ‘ambitious’ climate goal: Cut US greenhouse gas emissions by over 60%
4 days, 7 hours ago

Biden, on his way out, sets ‘ambitious’ climate goal: Cut US greenhouse gas emissions by over 60%

Associated Press  

WASHINGTON — President Joe Biden is pledging to cut U.S. greenhouse gas emissions by more than 60% by 2035 as he fights to ensure his legacy on slowing global warming, even as President-elect Donald Trump vows to undo much of Biden’s climate work when he takes office next month. “And I believe that with this new 2035 target as their …

“An exclamation point on global warming”: Climate scientists warn 2024 was marked by broken records
4 days, 18 hours ago

“An exclamation point on global warming”: Climate scientists warn 2024 was marked by broken records

Salon  

The year 2024 is on track to be the hottest in recorded history, as humanity has officially exceeded the 1.5º C threshold established by the 2015 Paris climate accord. Dr. Peter Kalmus, a NASA climate scientist who emphasized his opinions are his own, noted that heating is accelerating “and is now substantially more rapid than it was a decade ago.” …

2024 on its way to being the hottest year ever, break record set in 2023
2 weeks ago

2024 on its way to being the hottest year ever, break record set in 2023

India Today  

2024 is set to become the hottest year on record, with global temperatures expected to remain elevated into early 2025. This alarming prediction from European Union's Copernicus Climate Change Service follows a series of extreme weather events worldwide, including severe droughts, floods, and heatwaves that have wreaked havoc across multiple continents. C3S reported that from January to November 2024, average …

The Baku backlash: Why Cop29 needn’t be an irreversible setback for climate change
2 weeks, 3 days 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 Change and You: Kicking the can at COP
2 weeks, 3 days ago

Climate Change and You: Kicking the can at COP

Live Mint  

To subscribe to this fortnightly newsletter and get it in your inbox, Dear Reader, Welcome to the second issue of Mint’s fortnightly newsletter, Climate Change and You. The first dispatch, written by my colleague Bibek Bhattacharya, was a backgrounder on the state of global climate, the consequences of global average temperatures overshooting the 1.5 degrees Celsius target and India’s progress …

West’s hypocrisy at COP29: Why Global South must draw the line
2 weeks, 6 days 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 …

COP29: How $300 billion climate funding is an ‘optical illusion’
3 weeks, 1 day 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 weeks, 1 day 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 weeks, 1 day 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 …

COP kicks the climate can down the road, again
3 weeks, 4 days ago

COP kicks the climate can down the road, again

Live Mint  

New Delhi: Shorn of negotiator parlance, the latest edition of the Conference of Parties can be summed up with the one-liner from the movie Jerry Maguire: Show me the money. The possibility of the US not paying its fair share means other developed countries have to bear the burden, a reason why they didn’t want to commit to a higher …

India’s stand against inadequate climate finance at COP29
3 weeks, 6 days 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 …

Optimizing climate health adaptation policies
3 weeks, 6 days ago

Optimizing climate health adaptation policies

China Daily  

A view shows a sign of the COP29 United Nations Climate Change Conference with a backdrop of the cityscape in Baku, Azerbaijan, Oct 31, 2024. At the just-concluded UN Climate Change Conference, or COP29, in Baku, Azerbaijan, health amid climate change was a prominent subject of discussion. Climate change does pose a serious threat to the health and wellbeing of …

Optimizing climate health adaptation policies
3 weeks, 6 days ago

Optimizing climate health adaptation policies

China Daily  

A view shows a sign of the COP29 United Nations Climate Change Conference with a backdrop of the cityscape in Baku, Azerbaijan, Oct 31, 2024. At the just-concluded UN Climate Change Conference, or COP29, in Baku, Azerbaijan, health amid climate change was a prominent subject of discussion. Climate change does pose a serious threat to the health and wellbeing of …

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 …

Half a loaf, at best, from the climate talks
4 weeks 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 weeks 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, …

Climate talks end with mere $300 bn pledge
4 weeks 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 …

Why developing nations like India are unhappy about the $300 billion COP29 deal
4 weeks 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. …

Letters to the Editor: Climate change is a global threat, but it isn’t the worst one. This is
4 weeks ago

Letters to the Editor: Climate change is a global threat, but it isn’t the worst one. This is

LA Times  

To the editor: Climate change is the biggest threat facing us? Soon, that list may include the leaders of North Korea and Iran — and who knows how many others as the nuclear genie multiplies throughout the world? It is long past time for thought leaders to wake up to the world’s most urgent threat and get a real conversation …

Inside the Frantic Maneuvers That Saved COP29 Talks at a Cost
Trending News
4 weeks 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 weeks 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 deal criticised as a ‘death sentence for millions’
4 weeks 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 weeks, 1 day 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 …

Finance COP fails to offer adequate finance to developing countries for climate action
4 weeks, 1 day ago

Finance COP fails to offer adequate finance to developing countries for climate action

Live Mint  

New Delhi: After an extension and over two weeks of intense negotiations, the 29th UN climate change conference or COP29 in Baku finally reached a consensus on a new collective quantified goals on climate finance but disappointed developing countries with only $300 billion per year by 2035 as against a required $1.3 trillion. Onus on developed countries The final draft …

Baku breakdown suggests a cop-out
4 weeks, 1 day 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 weeks, 1 day 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
4 weeks, 1 day 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 weeks, 1 day 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
4 weeks, 1 day 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 ends with contentious outcome
4 weeks, 1 day 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 weeks, 1 day 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 …

Why is there a row over climate finance?
4 weeks, 1 day ago

Why is there a row over climate finance?

The Hindu  

The story so far: The 29th edition of the Conference of Parties, arguably the most important of the UN’s climate conferences, was scheduled to end on November 22, after 11 days of negotiations, and take a collective step forward in addressing rising carbon emissions. This was seen to be the New Collective Quantified Goal on climate finance which refers to …

Finance deadlock pushes COP29 to brink of failure
1 month 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 …

Climate-threatened nations stage protest at COP29 over contentious deal
1 month ago

Climate-threatened nations stage protest at COP29 over contentious deal

The Hindu  

The world’s most climate-imperilled nations stormed out of consultations in protest at the deadlocked UN COP29 conference on Saturday, as simmering tensions over a hard-fought finance deal erupted into the open. An unpublished version of the final text circulating in Baku, and seen by AFP, proposes that rich nations raise to $300 billion a year by 2035 their commitment to …

United States, European Union among others to back new $300 billion global finance target: COP29
Trending News
1 month ago

United States, European Union among others to back new $300 billion global finance target: COP29

Live Mint  

BAKU -The European Union, United States and other wealthy countries at the COP29 climate summit have agreed to raise their offer of a global finance target to $300 billion per year by 2035, sources told Reuters on Saturday. The new goal is intended to replace developed countries' previous commitment to provide $100 billion in climate finance for poorer nations per …

COP29: NCQG talks spillover as no breakthrough in agreement yet
1 month ago

COP29: NCQG talks spillover as no breakthrough in agreement yet

Hindustan Times  

The new COP29 Presidency’s text will be released on Saturday after developing countries rejected the text on Friday evening. A joint statement by Amar Bhattacharya, Vera Songwe and Nicholas Stern, Co-Chairs of the Independent High-Level Expert Group on Climate Finance had said on Friday, “The text also calls on developed countries to increase their financial support for developing countries to …

COP29 ends in a $1.3 trillion disappointment. But there may still be hope
1 month ago

COP29 ends in a $1.3 trillion disappointment. But there may still be hope

Live Mint  

New Delhi: The 29th edition of the UN climate change conference in Azerbaijan emerged from a deadlock with an annual climate finance goal of $1.3 trillion for developing countries, much to the disappointment of the Global South. The second goal mentions that developed countries must take the lead in mobilising $250 billion per year by 2035 for climate action by …

COP29: EU and US want to give $300 billion in climate finance
1 month ago

COP29: EU and US want to give $300 billion in climate finance

NL Times  

Rich countries negotiating support for developing countries at the climate summit in Baku are prepared to pay 300 billion dollars a year in climate aid from 2035, sources told Reuters news agency. European Commissioner Wopke Hoekstra says it is "doubtful" whether the climate summit in Azerbaijan will have a successful outcome. COP29 actually ended on Friday, but on Saturday the …

With talks teetering, climate negotiators struck a controversial $300 billion deal
Trending News
1 month ago

With talks teetering, climate negotiators struck a controversial $300 billion deal

NPR  

With talks teetering, climate negotiators struck a controversial $300 billion deal toggle caption Sean Gallup/Getty Images/Getty Images Europe Negotiators at a global climate conference in Baku, Azerbaijan, struck a last-minute deal for wealthy countries to help their poorer neighbors deal with global warming, saving the annual meeting as it verged on collapse. Cedric Schuster, Samoa's minister of natural resources and …

COP29 UN climate talks wrap up in Baku
1 month 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 …

What the ‘show me the money’ climate summit tells us about the new Trump era
1 month ago

What the ‘show me the money’ climate summit tells us about the new Trump era

Politico  

Trump’s upcoming presidency is the most important source of the instability on display at the COP29 summit, despite all the Biden administration’s efforts to send signals that America is still on board with the climate cause, said Carlos Fuller, Belize’s permanent representative at the United Nations. “And then,” she added, “you have the U.S. going in and out.” Here are …

$300-billion-a-year deal for climate cash at U.N. summit sparks outrage for some and hope for others
1 month ago

$300-billion-a-year deal for climate cash at U.N. summit sparks outrage for some and hope for others

LA Times  

Activists call for more spending to fight climate change on Saturday at the COP29 climate summit in Baku, Azerbaijan. “It’s a paltry sum,” said Indian negotiator Chandni Raina, drawing rousing cheers as she repeatedly added that India objected to the deal. Climate Change Executive Secretary Simon Stiell called the deal an “insurance policy for humanity,” adding that, like insurance, “it …

‘No deal is better than a bad deal’: Cop29 deadlocked over climate fund
1 month ago

‘No deal is better than a bad deal’: Cop29 deadlocked over climate fund

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 Hopes of a trillion-dollar climate finance fund appear to be slipping out of reach after …

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: Ask our climate correspondent anything amid summit in Azerbaijan
1 month ago

Cop29: Ask our climate correspondent anything amid summit in Azerbaijan

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 Welcome to an exclusive Ask Me Anything session with me, Stuti Mishra, The Independent’s Asia …

COP29: Baku climate talks run into overtime amid row over climate finance
1 month ago

COP29: Baku climate talks run into overtime amid row over climate finance

The Hindu  

Climate talks at Azerbaijan’s Baku, scheduled to end on Friday, were extended by another day after the latest version of the draft agreement was deemed unacceptable by several developing countries. The developed countries offered no more than $250 billion by 2035 as the New Collective Quantified Goal for Climate Finance despite acknowledging that at least $700 billion would be needed …

COP29: Nations commit to 1.5°C pathway with enhanced climate goals
1 month ago

COP29: Nations commit to 1.5°C pathway with enhanced climate goals

India Today  

In a landmark announcement at the COP29 summit in Baku, a coalition of nations representing 30% of global GDP and 15% of greenhouse gas emissions committed to strengthening their Nationally Determined Contributions to align with the 1.5°C global warming threshold. The United Kingdom, Brazil, and the United Arab Emirates led the charge with ambitious NDC targets for 2035, signaling their …

As deadline looms, divide over climate pact widens
1 month ago

As deadline looms, divide over climate pact widens

Hindustan Times  

Baku: A deep divide over climate finance erupted into the open on Thursday at the UN climate summit COP29, as developed nations and developing nations roundly rejected a new draft proposal that offered two starkly different options for funding climate action, leaving the talks in disarray with barely a day remaining. A controversial proposal to count developing countries’ domestic resources …

Climate finance deal continues facing deadlock as COP29 nears end
Trending News
1 month ago

Climate finance deal continues facing deadlock as COP29 nears end

Live Mint  

New Delhi: Talks on a dramatically raised finance deal at the COP29 meeting in Baku remained deadlocked with a draft text failing to mention the amount, even as the clock ticked away on the summit that ends on Friday. The new draft, presented by host Azerbaijan on Thursday, defines climate finance, identifies contributors and establishes two options on the overall …

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