Baku looks to Rio in push for Global Climate fund deal
1 month ago

Baku looks to Rio in push for Global Climate fund deal

New Indian Express  

With just three days to go for the UN’s COP29 climate talks to end in Baku, Azerbaijan, there is serious concern the world is again going to miss the targets for funding climate disaster mitigation. The demand for richer nations to fund the changeover to green energy and pay for rebuilding from devastating weather events was mooted at the Copenhagen COP summit in 2009 and confirmed at Cancun 2010. Two years ago, at the COP summit at Sharm El Sheikh in Egypt, Barbados Prime Minister Mia Mottley said in a scathing address: “We were the ones whose blood, sweat and tears financed the industrial revolution. Are we now to face double jeopardy by having to pay the cost?” More frequent and more intense climate disasters—including the recent devastating floods in Spain and a longer season of hurricanes in the US—have brought the climate crisis closer to the homes of Western sceptics.

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History of this topic

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 …

How the developed world defeated Baku negotiations
2 weeks, 4 days ago

How the developed world defeated Baku negotiations

Hindustan Times  

The 29th Conference of Parties, held in Baku, Azerbaijan, was to deliver a new climate finance agreement that matched the scale of our global challenge. They were collectively driven by the need to support development priorities and national climate plans which would be impossible to achieve simultaneously in the absence of meaningful climate finance flowing in a time-bound manner from …

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 …

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

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 …

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

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 …

‘Optical illusion’: Key takeaways from COP29 at Baku
Trending News
4 weeks, 1 day 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 …

Climate organizations disappointed by “small” sum agreed at climate summit in Baku
4 weeks, 1 day ago

Climate organizations disappointed by “small” sum agreed at climate summit in Baku

NL Times  

Nature and environmental organizations are deeply disappointed with the new amount of 300 billion dollars for climate support, agreed at the climate summit in Baku. Developing countries and climate experts wanted that amount to be considerably higher and Greenpeace therefore calls it "an absolute minimum agreement". Jasper Inventor, Head of COP29 Greenpeace Delegation said that the agreed climate finance goal …

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 …

Here’s what to know about the new funding deal that countries agreed to at UN climate talks
4 weeks, 1 day 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 …

A $300B a year deal for climate cash at UN summit sparks outrage for some and hope for others
1 month ago

A $300B a year deal for climate cash at UN summit sparks outrage for some and hope for others

Associated Press  

BAKU, Azerbaijan — United Nations climate talks adopted a deal to inject at least $300 billion annually in humanity’s fight against climate change, aimed at helping developing nations cope with the ravages of global warming in tense negotiations. Share Share Copy Link copied Email Facebook X Reddit LinkedIn Pinterest Flipboard Print Eamon Ryan, Ireland’s environment minister, called the agreement “a …

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 …

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 …

$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 …

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 Baku: What is climate finance, and the relevance of Baku summit
1 month ago

COP29 Baku: What is climate finance, and the relevance of Baku summit

India Today  

While it is centred on negotiation, the first week of COP29 has concluded without any significant progress on climate finance, especially negotiations about a new climate finance goal due to concerns about equitable responsibility for climate action. This means that countries that have been historically responsible for carbon emissions and in turn, climate change, should contribute a lion’s share of …

UN’s Guterres pushes COP29 negotiators to seal deal after draft spurned
1 month ago

UN’s Guterres pushes COP29 negotiators to seal deal after draft spurned

Al Jazeera  

As Baku summit winds down, rich and poor countries at odds over how fight against climate change will be financed. UN Secretary-General Antonio Guterres has urged negotiators at the United Nations’ annual climate talks to launch a “major push” for an agreement after they rejected a draft agreement with just one more day of the summit to go. “We need …

G20 summit ends in disappointment for COP29 negotiators
1 month ago

G20 summit ends in disappointment for COP29 negotiators

Live Mint  

The Group of 20 summit in Brazil's Rio De Janeiro disappointed negotiators at the UN Climate Change Conference Baku-COP29, as it failed to send a “strong signal” on the pressing need to resolve the climate crisis. The G20 leaders' declaration reiterated the need for rapidly scaling up climate finance “from billions to trillions”, which they acknowledged in the 2023 New …

Climate action must rise above politics before time runs out
1 month ago

Climate action must rise above politics before time runs out

Live Mint  

This year’s United Nations Climate Change Conference in Baku is taking place against a tumultuous geopolitical backdrop. The European Investment Bank Group’s most recent climate survey shows that 94% of Europeans and 88% of Americans support adaptation measures, while around half of respondents say that such measures should be a national priority. Economic growth is decoupling from carbon emissions, owing …

Big money to respond to climate change is key to UN talks in Baku. How can nations raise it?
1 month ago

Big money to respond to climate change is key to UN talks in Baku. How can nations raise it?

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 Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Climate cash could be in the form of loans, …

Young people, whose futures are at stake in UN climate talks, push through anger to fight for hope
1 month ago

Young people, whose futures are at stake in UN climate talks, push through anger to fight for hope

Associated Press  

BAKU, Azerbaijan — Young people who attend the United Nations climate talks have a lot to be angry about. Share Share Copy Link copied Email Facebook X Reddit LinkedIn Pinterest Flipboard Print Her pessimism isn’t unwarranted. “I think for a lot of young people from extremely climate vulnerable nations, it actually it doesn’t feel like much of a choice” to …

G20 summit begins in Brazil today as UN urges it to do what COP29 may not in Azerbaijan
Trending News
1 month ago

G20 summit begins in Brazil today as UN urges it to do what COP29 may not in Azerbaijan

Firstpost  

Heads of state arrived in Rio de Janeiro on Sunday for the G20 summit and will spend Monday and Tuesday addressing issues from poverty and hunger to the reform of global institutions 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 …

G20 nations reach climate finance breakthrough that eluded COP29 talks: Report
1 month 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. …

Negotiations over climate finance remain deadlocked at UN summit
1 month, 1 week ago

Negotiations over climate finance remain deadlocked at UN summit

Hindustan Times  

With just days remaining at the COP29 climate talks in Baku, negotiations over climate finance remain deadlocked, with developed and developing nations still far apart on both the scale of funding and its fundamental structure, even as Argentina’s withdrawal from the talks casts a shadow over global climate cooperation. Experts say Harjeet Singh, Climate Activist and Global Engagement Director for …

Protesters gather at UN climate talks in global day of action as progress on a deal slows
1 month, 1 week ago

Protesters gather at UN climate talks in global day of action as progress on a deal slows

Associated Press  

BAKU, Azerbaijan — Hundreds of activists formed a human chain outside one of the main plenary halls at the United Nations climate summit on what is traditionally their biggest protest day during the two-week talks. The demonstration in Baku, Azerbaijan was echoed at sites around the world in a global “day of action” for climate justice that’s become an annual …

No headway at COP29 on climate finance, all eyes on G20 summit in Rio
1 month, 1 week ago

No headway at COP29 on climate finance, all eyes on G20 summit in Rio

New Indian Express  

BAKU: As COP29 reaches its midpoint, the climate finance negotiations remain deadlocked, casting a shadow over the conference's prospects. The talks in Baku are centred on establishing the New Collective Quantified Goal, a critical framework that aims to provide financial support to developing nations grappling with the mounting impacts of climate change. Brazil’s presidency has driven reforms in multilateral finance, …

Climate leaders urge reform of UN COP climate talks, warn process 'no longer fit for purpose'
Trending News
1 month, 1 week ago

Climate leaders urge reform of UN COP climate talks, warn process 'no longer fit for purpose'

Firstpost  

A group of former leaders and climate experts said the annual UN COP climate talks were “no longer fit for purpose” and needed to be reformed, publishing a critical open letter mid-way through what has so far been a fractious summit Emergency physician Joe Vipond, a member of Canadian Association of Physicians for the Environment, poses for photographers with a …

At UN climate talks, some see wars complicating negotiators' task
1 month, 1 week ago

At UN climate talks, some see wars complicating negotiators' task

Deccan Chronicle  

Baku : Nisreen Elsaim has been a climate activist for a dozen years, much of it focusing on the intersection of war and climate change. It's a story Elsaim is telling at the United Nations climate talks in Baku, which she says must succeed for countries like hers to have any chance to successfully adapt to climate change. Achim Steiner, …

At UN climate talks, some see wars complicating negotiators’ task
1 month, 1 week ago

At UN climate talks, some see wars complicating negotiators’ task

Associated Press  

BAKU, Azerbaijan — Nisreen Elsaim has been a climate activist for a dozen years, much of it focusing on the intersection of war and climate change. It’s a story Elsaim is telling at the United Nations climate talks in Baku, which she says must succeed for countries like hers to have any chance to successfully adapt to climate change. Achim …

COP29 and the climate crisis: Navigating a world with Trump back in charge
Trending News
1 month, 1 week ago

COP29 and the climate crisis: Navigating a world with Trump back in charge

Live Mint  

To subscribe to this fortnightly newsletter and get it in your inbox, Dear reader, Welcome to the first issue of Mint’s newsletter on the climate crisis: Climate Change And You. He writes that unless countries act now, global GDP may decline by 10% due to climate impacts, and India may lose 5.8% of working hours and 34 million jobs due …

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 …

Why are countries fighting over money at COP29 climate summit?
1 month, 1 week 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 …

COP29 Baku: What is on the agenda?
1 month, 1 week ago

COP29 Baku: What is on the agenda?

India Today  

The 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change – the annual U.N. climate summit – has kicked off in Azerbaijan’s capital, Baku. The COP will also discuss long-term climate finance, as well as annual reports of the Green Climate Fund and the Global Environmental Facility. Other important elements on the agenda …

COP29: Report reveals significant gaps in climate action among G20 nations
1 month, 1 week ago

COP29: Report reveals significant gaps in climate action among G20 nations

India Today  

As world leaders gather for COP29 in Baku, a new study by the Council on Energy, Environment and Water reveals significant gaps in climate action among G20 nations. The study also highlights the need for better data on loss and damage, with 65% of reported climate events lacking economic damage data, particularly in Least Developed Countries and Small Island Developing …

Climate talks open with calls for a path away from the 'road to ruin.' But the real focus is money
1 month, 1 week ago

Climate talks open with calls for a path away from the 'road to ruin.' But the real focus is money

Associated Press  

BAKU, Azerbaijan — United Nations annual climate talks stuttered to a start Monday with more than nine hours of backroom bickering over what should be on the agenda for the next two weeks. But Erika Lennon, Center for International Environmental Law’s Senior Attorney, warned that pushing through resolutions this early in the conference “without discussion or debate, sets a dangerous …

COP19 in Baku: 6 things about UN’s annual climate summit
1 month, 1 week ago

COP19 in Baku: 6 things about UN’s annual climate summit

Firstpost  

Climate change will affect every country, regardless of whether it contributed to the crisis, necessitating global solutions that can address the variety of requirements across borders The venue of the United Nations climate change conference, known as COP29, ahead of the summit beginning in Baku, Azerbaijan. File image/ Reuters Tens of thousands of people from all around the world will …

COP29 opens in Azerbaijan for talks centred on climate funding
1 month, 1 week ago

COP29 opens in Azerbaijan for talks centred on climate funding

Al Jazeera  

Delegates from nearly 200 countries join as negotiators seek increase in $100bn-a-year target for developing nations. In his opening speech, UN climate chief Simon Stiell said that world leaders must show that global cooperation “is not down for the count”. Stiell also appealed for an “ambitious” new goal on providing climate funding to the world’s poorer nations, saying: “Let’s dispense …

COP29 Azerbaijan: What’s at stake at the 2024 global climate summit?
1 month, 1 week ago

COP29 Azerbaijan: What’s at stake at the 2024 global climate summit?

Al Jazeera  

The UN climate summit kicks off in Baku as activists such as Greta Thunberg label the event a ‘greenwash conference’. An NDC is a country’s national climate action plan that sets out its targets for reducing greenhouse gas emissions in line with the goals set in the Paris Agreement. An advocacy group also secretly recorded Elnur Soltanov, Azerbaijan’s deputy energy …

Climate talks open in Azerbaijan with calls for a path away from the ‘road to ruin’
1 month, 1 week ago

Climate talks open in Azerbaijan with calls for a path away from the ‘road to ruin’

LA Times  

People walk outside the venue for the COP29 U.N. but instead we’ve got Trump, we’ve got a German government that just fell apart because part of it wanted to be even slightly ambitious,” said Imperial College London climate scientist Friederike Otto. Dozens of climate activists at the conference — many of them wearing Palestinian kaffiyehs — held up banners calling …

COP29 begins today: What is the point of the UN climate conference?
Trending News
1 month, 1 week ago

COP29 begins today: What is the point of the UN climate conference?

India Today  

Tens of thousands of people from around the globe will gather next week for COP29, the annual U.N. climate summit, in Azerbaijan's capital of Baku. Country representatives meet year round to build support for new climate action proposals ahead of the COP, where they can be agreed by consensus of all countries. While each summit is meant to advance global …

Welcome to Baku, a city built on oil hosting the world’s climate conference
1 month, 1 week ago

Welcome to Baku, a city built on oil hosting the world’s climate conference

Live Mint  

One of the more unusual experiences on offer in Azerbaijan is the opportunity to wallow in a bath of warm crude oil. Azerbaijan’s president, Ilham Aliyev, once referred to the country’s reserves as a “gift from God" with the capital Baku itself sitting on an oil field. “It is clear that Azerbaijan’s plans to keep increasing fossil-fuel production are not …

Experts raise concerns over key world leaders skipping COP29
1 month, 2 weeks ago

Experts raise concerns over key world leaders skipping COP29

Hindustan Times  

Major world powers including the United States, China, and India have not sought speaking slots for their heads of state at the upcoming UN Climate Conference World Leaders Climate Action Summit, scheduled for November 12-13 in Baku, Azerbaijan, indicating high profile absences that climate experts see as a worrying sign. A senior official involved with the COP Presidencies Troika – …

All eyes on Baku and the climate finance goal
Trending News
1 month, 2 weeks ago

All eyes on Baku and the climate finance goal

The Hindu  

The New Collective Quantified Goal will be a key determinant of COP29 turning out to be successful. The foundation of climate finance actions is unequivocally centred on addressing the “needs and priorities of developing countries”, as mandated in Article 9 of the Paris Agreement. According to submissions on the new collective quantified goal on climate finance, Switzerland and Canada have …

For a week, New York will be center of money-focused fight to slow climate change
3 months ago

For a week, New York will be center of money-focused fight to slow climate change

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. ”If these don’t step up …

Baku hosts 3rd meeting of international fund to support fight against climate change
3 months ago

Baku hosts 3rd meeting of international fund to support fight against climate change

China Daily  

The third meeting of the Board of the Fund for Responding to Loss and Damage, established to assist developing countries particularly vulnerable to the adverse effects of climate change, began in Baku on Wednesday. Babayev emphasized the severe human toll of climate change, citing recent events like Typhoon Yagi, which caused tragic loss of life and extensive damage in parts …

COP29 Presidency launches Baku Global Climate Transparency Platform
3 months, 2 weeks ago

COP29 Presidency launches Baku Global Climate Transparency Platform

Hindustan Times  

Azerbaijan, the COP29 Presidency, on Tuesday launch the Baku Global Platform for Climate Transparency, aimed at promoting mutual trust and confidence in climate action. “The BTP is designed to build mutual trust and confidence among parties, support developing countries in preparing and finalising their Biennial Transparency Reports, encourage universal participation in the Enhanced Transparency Framework, and advance the transparency agenda …

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