What the ‘show me the money’ climate summit tells us about the new Trump era
1 month, 2 weeks 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 key takeaways from this year’s climate talks, and what they bode for what’s next: Hopes for meeting ambitious temperature targets are a bust COP29 began with inauspicious news: The World Meteorological Organization said that this year would eclipse 1.5 degrees Celsius of warming since the pre-industrial age for the first time. And I’m not seeing much of it.” Show me the money The summit’s most contentious issue involved how much money wealthy nations would offer poorer countries to help them cope with climate disasters while moving their economies toward clean energy. One European negotiator criticized the U.S. positioning, saying the Americans “behaved as if they have got more influence than they have when they have only got weeks left in power.” The emergence of Trump in the U.S. and European leaders who complained of fiscal constraints in their capitals led to “a lot of posturing” and blame shifting on finance, said Ruleta Camacho-Thomas, Antigua and Barbuda’s climate ambassador. And this is about survival for us.” As wide as the divide on climate was, Trump’s emergence made it more important to not let COP29 fall to pieces, one European diplomat said.

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History of this topic

As Trump escalates war on facts, scientists warn “we are going to get screwed”
4 weeks, 2 days ago

As Trump escalates war on facts, scientists warn “we are going to get screwed”

Salon  

On Nov. 14, Rep. James Comer — the Republican chair for the House Committee on Oversight and Accountability and a longtime climate science denier — sent a letter to the Democrats asking for information about government scientists accused of preventing “views that challenge the existing consensus” from coming out. Less than three weeks later, Comer claimed that the Environmental Protection …

Opinion | Climate Activists Need to Radically Change Their Approach Under Trump
1 month ago

Opinion | Climate Activists Need to Radically Change Their Approach Under Trump

New York Times  

Donald Trump’s return to Washington might seem like a terrifying moment for the fight against climate change. The incoming administration is not just hostile to the energy transition; it’s also expected to pull the United States out of the Paris climate agreement, roll back a wide range of pollution regulations and promote domestic fossil fuel production — decisions likely to …

Climate myopia: This year’s CoP was a big disappointment but small surprise
1 month 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’
1 month, 1 week 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. …

COP29 in Baku: Oil and money stain climate talks
1 month, 1 week 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 …

Inside the Frantic Maneuvers That Saved COP29 Talks at a Cost
Trending News
1 month, 2 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 …

Baku breakdown suggests a cop-out
1 month, 2 weeks 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: $300 billion climate deal pushed through despite stiff opposition
1 month, 2 weeks 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 …

United States, European Union among others to back new $300 billion global finance target: COP29
Trending News
1 month, 2 weeks 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 U.N. Summit: Civil society protests against climate finance proposal, calls for 'no deal' over 'bad deal'
1 month, 2 weeks ago

COP29 U.N. Summit: Civil society protests against climate finance proposal, calls for 'no deal' over 'bad deal'

The Hindu  

Civil society members staged a silent march at the U.N. climate summit, condemning the developed nations' proposal to increase annual climate finance to a meagre $250 billion by 2035. With their arms crossed in defiance, protesters walked silently through the summit venue, where chanting is prohibited "We urge you to stand up for the people of the Global South, and …

COP29: EU and US want to give $300 billion in climate finance
1 month, 2 weeks 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 …

$300-billion-a-year deal for climate cash at U.N. summit sparks outrage for some and hope for others
1 month, 2 weeks 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, 2 weeks 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, 2 weeks 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 …

Money to respond to climate change is key. Here’s how nations are raising it
1 month, 3 weeks ago

Money to respond to climate change is key. Here’s how nations are raising it

Associated Press  

BAKU, Azerbaijan — Just as a simple lever can move heavy objects, rich nations are hoping another kind of leverage — the financial sort — can help them come up with the money that poorer nations need to cope with climate change. Money could be in the form of loans, grants or private investment Experts put the number needed for …

'Out of sync': The trillion-dollar climate puzzle that's become a diplomatic nightmare
1 month, 3 weeks 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," …

What does Donald Trump mean for COP29?
1 month, 4 weeks ago

What does Donald Trump mean for COP29?

Firstpost  

His return not only threatens to disrupt the COP29 but derail overall global initiatives to attenuate the climate crisis precipice becoming irreversible The simmering speculations on the impact of Donald Trump’s return to White House are driving the tone and tenor of the ongoing 2024 annual summit of the United Nations Framework Convention for Climate Change or the 29th Conference …

Where Will the COP29 Money Come From?
1 month, 4 weeks 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; …

Countries at COP29 urged to invest trillions to cope with climate change
1 month, 4 weeks ago

Countries at COP29 urged to invest trillions to cope with climate change

Al Jazeera  

Countries need to invest more than $6 trillion per year by 2030 to tackle the effects of climate change or risk having to pay more in the future, according to report by an independent panel of experts at a United Nations climate summit. “Investments in all areas of climate action must increase across all economies,” said the report published on …

High-level report calls for $1 trillion boost in climate finance at COP29
1 month, 4 weeks 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, 4 weeks 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 …

Why are countries fighting over money at COP29 climate summit?
1 month, 4 weeks ago

Why are countries fighting over money at COP29 climate summit?

India Today  

The United Nations' COP29 climate summit, currently underway in Baku, Azerbaijan, has brought together representatives from nearly 200 countries with a primary goal of brokering a landmark climate finance deal. However, the recent US election results have cast a shadow over the talks, with concerns that a potential Trump administration could halt US climate finance contributions, potentially shrinking the overall …

Act on climate at home despite global ennui
1 month, 4 weeks ago

Act on climate at home despite global ennui

New Indian Express  

The longest shadow cast on the COP29 climate conference going on in Baku is the re-election of Donald Trump. The president-elect has already picked Vivek Ramaswamy, who has criticised big companies for basing business strategy around climate change concerns, to co-head a new department of government efficiency. That is the main agenda at COP29—to push for a new global climate …

US climate envoy says work will continue despite Trump’s return
1 month, 4 weeks ago

US climate envoy says work will continue despite Trump’s return

The Hindu  

U.S. climate envoy John Podesta urged governments to keep faith in the country’s promise to combat global warming, saying Donald Trump can slow, not stop, the transition from fossil fuels when he returns to office in January. The annual U.N. climate summit began on Monday in Baku, Azerbaijan, with many country delegations concerned Trump’s victory in U.S. presidential elections on …

US signals it will push for widening pool of climate finance contributors
Trending News
1 month, 4 weeks ago

US signals it will push for widening pool of climate finance contributors

Hindustan Times  

The United States has signalled it will push for widening the pool of climate finance contributors at COP29, all but confirming what is feared to be turning into a major clash with developing nations over funding responsibilities. White House Senior Advisor for Clean Energy and International Climate Policy, John Podesta, holds a press conference during the United Nations climate change …

US top climate negotiator: ‘We won’t revert back’ as Trump prepares to take over
Trending News
1 month, 4 weeks ago

US top climate negotiator: ‘We won’t revert back’ as Trump prepares to take over

Associated Press  

BAKU, Azerbaijan — No matter what kind of U-turn President-Elect Donald Trump will make on climate change, America’s clean energy economy won’t reverse into the dirty past, a combative but “bitterly disappointed” top American climate negotiator said Monday. He said Trump will likely pull the United States out of the landmark Paris Agreement and try to roll back many of …

United Nations climate negotiations through the years to COP29: Timeline
2 months ago

United Nations climate negotiations through the years to COP29: Timeline

The Hindu  

COP29, termed the “climate finance COP,” has one major objective: establishing a concrete financial commitment from developed countries to support climate action in developing nations. As the United Nations climate talks begin in Baku, the primary debate centers on who will provide funding and, more crucially, how much is needed. However, discussions are likely to be tense following the re-election …

Cop29: Activists look to Britain for climate leadership as Trump’s win casts long shadow over crucial UN talks
2 months ago

Cop29: Activists look to Britain for climate leadership as Trump’s win casts long shadow over crucial UN talks

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. Every year the climate summit produces a treaty agreed by all countries, and this year’s will focus on the …

U.S. top climate negotiator: ‘We won’t revert back’ as Trump prepares to take over
2 months ago

U.S. top climate negotiator: ‘We won’t revert back’ as Trump prepares to take over

LA Times  

John Podesta, U.S. climate envoy, speaks during a news conference at the COP29 U.N. No matter what kind of U-turn President-elect Donald Trump will make on climate change, America’s clean energy economy won’t reverse into the dirty past, a combative but “bitterly disappointed” top American climate negotiator said Monday. “Fortunately, many in our country and around the world are working …

Trump’s win threatens US clean-energy boom
2 months ago

Trump’s win threatens US clean-energy boom

Live Mint  

Donald Trump’s victory puts a skeptic of global warming back in the White House, triggering an about-face on climate policy that threatens to derail billions of dollars in clean-energy investment and slow a reduction in the nation’s emissions. Clean-energy companies are vulnerable because Trump has said he wants to repeal a 2022 Biden administration climate law that promised to channel …

A shadow ‘financial crisis’ has cost the world $2 trillion
2 months ago

A shadow ‘financial crisis’ has cost the world $2 trillion

CNN  

CNN — Last month, two major storms, Hurricane Helene and Hurricane Milton, caused a total of between $51.5 billion and $81.5 billion of property damage, mostly to Southeastern US states, according to estimates from CoreLogic. The report from the International Chamber of Commerce, which comes as the United Nations Climate Change Conference begins in Azerbaijan this week, estimated that the …

European climate agency says this will likely be the hottest year on record — again
Trending News
2 months ago

European climate agency says this will likely be the hottest year on record — again

New Indian Express  

CHICAGO: For the second year in a row, Earth will almost certainly be the hottest it’s ever been. And for the first time, the globe this year reached more than 1.5 degrees Celsius of warming compared to the pre-industrial average, the European climate agency Copernicus said Thursday. Buontempo said the data clearly shows the planet would not see such a …

​Testing time: on climate action and President Trump
2 months ago

​Testing time: on climate action and President Trump

The Hindu  

Many goals related to climate change and public health have important deadlines by 2030: reducing carbon emissions, financing poorer countries’ climate mitigation and adaptation plans, protecting biodiversity, anticipating future pandemics, and instituting sustainable development. He also vitiated scientific collaborations by raising the bogeyman of “hidden” political agendas and, after his appointees to the Supreme Court overturned the Chevron doctrine, weakened …

What the Trump victory could mean for the climate crisis
2 months ago

What the Trump victory could mean for the climate crisis

Hindustan Times  

With the United Nations Climate Change Conference, COP29, fast approaching, the world’s attention is firmly set on the urgent need for unified action against the climate crisis. With Donald Trump reclaiming the White House in 2024, the United States ’ approach to climate policy may face another major shift, one that could impact not only American environmental efforts but global …

Column: Trump is a climate crisis all by himself. But it’s not game over
2 months ago

Column: Trump is a climate crisis all by himself. But it’s not game over

LA Times  

Eight years ago this week — the last time Donald Trump was elected president of the United States — I offered a grim prognosis of what his ascendance might mean for the climate crisis. Daniel Day-Lewis portrays President Lincoln in director Steven Spielberg’s film “Lincoln.” Two degrees of heating would be a lot worse than 1.5 degrees, and 2.5 would …

Trump’s victory promises to shake up U.S. energy and climate policy, analysts and activists say
2 months ago

Trump’s victory promises to shake up U.S. energy and climate policy, analysts and activists say

NPR  

Trump’s victory promises to shake up U.S. energy and climate policy, analysts and activists say toggle caption Evan Vucci/AP/AP During a victory speech early Wednesday, Donald Trump boasted of the country’s vast reserves of oil and natural gas. “But there is a legitimate vein of opportunism, of entrepreneurial spirit, of new jobs, of new economics, of business people, of entrepreneurs, …

The climate stakes of the Harris-Trump election
2 months, 2 weeks ago

The climate stakes of the Harris-Trump election

Salon  

Helene and Milton, the two massive hurricanes that just swept into the country — killing hundreds of people, and leaving both devastation and rumblings of political upheaval in seven states — amounted to their own October surprise. With early voting already underway and two weeks before Election Day, when voters will decide between Vice President Kamala Harris, who has called …

Commentary: How Trump lied about his climate record at the presidential debate
6 months, 2 weeks ago

Commentary: How Trump lied about his climate record at the presidential debate

LA Times  

Two-thirds of the way through Thursday night’s presidential debate, CNN journalist Dana Bash finally asked the candidates how they would tackle a challenge that scientists say poses an existential threat to human civilization: climate change. Trump responded that he wants “absolutely immaculate clean water” and “absolutely clean air.” “We were using all forms of energy, all forms — everything,” he …

UN climate chief’s blunt message: Fewer loopholes, way more cash to really halt climate change
11 months, 1 week ago

UN climate chief’s blunt message: Fewer loopholes, way more cash to really halt climate change

Associated Press  

To keep Earth from overheating too much, the nations of the world need to put fewer loopholes in climate agreements and far more money — trillions of dollars a year — into financial help for poor nations, the United Nations climate chief said Friday. “We need torrents — not trickles — of climate finance.” United Nations climate officials emphasized the …

In victory on first day, U.N. climate conference sets up fund for disaster-hit nations
1 year, 1 month ago

In victory on first day, U.N. climate conference sets up fund for disaster-hit nations

LA Times  

Protesters call for compensation for countries hit badly by climate change at last year’s United Nations summit in Sharm el-Sheikh, Egypt. Nearly all the world’s nations finalized the creation of a fund to help compensate countries struggling to cope with loss and damage from climate change, seen as a major first-day breakthrough at this year’s United Nations climate conference. Rachel …

Biden to skip Cop28 climate summit
1 year, 1 month ago

Biden to skip Cop28 climate summit

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 President Joe Biden is skipping the Cop28 climate summit – a decision that could hurt …

Climate change: Which countries will foot the bill?
1 year, 5 months ago

Climate change: Which countries will foot the bill?

The Hindu  

Record-breaking heat in China. Climate finance refers to money that wealthy countries pay toward helping poorer nations reduce CO2 emissions and adapt to a hotter, harsher world. In a meeting with Kerry on Tuesday, Chinese Premier Li Qiang stressed that developed countries should deliver their unfulfilled climate finance commitments and take the lead in cutting emissions, according to Li's office. …

Greta Thunberg: How should global leaders use trillions of dollars to combat climate change?
1 year, 10 months ago

Greta Thunberg: How should global leaders use trillions of dollars to combat climate change?

LA Times  

We cannot just buy, invest or build our way out of the climate and environmental crisis. In the European Union, for instance, those 2% might well be spent on fossil gas from Vladimir Putin’s Russia or on burning biomass made from clear-cut forests as these activities — along with many others — are at the moment considered green in the …

Biden’s $369bn green plan was hailed as a triumph – but does it live up to the hype?
1 year, 11 months ago

Biden’s $369bn green plan was hailed as a triumph – but does it live up to the hype?

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. “This bill is the biggest step forward on climate ever and it’s going to allow us to boldly take …

The Climate Struggle Literally Hit Home in 2022
2 years ago

The Climate Struggle Literally Hit Home in 2022

Wired  

A year ago, I lambasted politicians for missing a huge opportunity for climate action. “I feel a lot more heartened about climate change now than I ever have,” says Jonathan Foley, executive director of the nonprofit Project Drawdown, which advocates for climate action. Like, Hey, wait a minute, things are really starting to pivot.” “2022 has proven to be a …

Kerry: US open to talks on contentious climate financing
2 years, 2 months ago

Kerry: US open to talks on contentious climate financing

Associated Press  

WASHINGTON — U.S. climate envoy John Kerry insisted Tuesday the United States was open to seeking middle ground on a controversy that threatens to overtake an upcoming world climate summit: a growing demand from poorer countries that the United States and other richer countries pay compensation as the culprits most responsible for wrecking the Earth’s climate. “We will not be, …

John Kerry insists US is not ‘obstructing’ talk of climate compensation
2 years, 2 months ago

John Kerry insists US is not ‘obstructing’ talk of climate compensation

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 US climate envoy John Kerry insisted Tuesday the United States was open to seeking middle …

US climate bill is welcomed internationally but still criticized for not going far enough
2 years, 5 months ago

US climate bill is welcomed internationally but still criticized for not going far enough

CNN  

CNN — The Democrats’ $369 billion climate package, the largest such investment in US history, could have significant implications for global greenhouse gas emissions and the US’ standing in the world, after months of uncertainty in Congress undermined the Biden administration’s claims that “America is back.” US officials are hoping it puts them in a better position for difficult negotiations …

Democrats’ Climate Deal Puts U.S. Emissions Goals In Reach, 3 Separate Studies Show
2 years, 5 months ago

Democrats’ Climate Deal Puts U.S. Emissions Goals In Reach, 3 Separate Studies Show

Huff Post  

LOADING ERROR LOADING The potential climate and economic benefits of the surprise reconciliation package Democrats unveiled last week and are likely to pass as soon as this weekend are starting to come into a clearer view. Researchers have crunched the numbers to forecast how the more than 100 climate provisions in the $740 billion deal, called the Inflation Reduction Act, …

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