BAKU, Nov 25 — Rich countries’ promise of US$300 billion a year in climate finance brought fury at talks in Baku from poor nations that found it too paltry, but it also shows a...
‘I’ll go as far as it takes’: Penang mural artist Zacharevic vows to stop AirAsia from reusing his artwork without approval
The two-week marathon COP29 climate conference opened days after the decisive victory in the US presidential election of Donald Trump, a sceptic both of climate change and foreign aid. “We live in a time of truly challenging geopolitics, and we should simply not have the illusion” otherwise, European climate commissioner Wopke Hoekstra told bleary-eyed delegates at COP29’s pre-dawn closing session Sunday, as activists in the back loudly coughed to drown him out.German Foreign Minister Annalena Baerbock, a Green party member and longtime climate advocate, called for flexibility on ways to provide funding.
This year is again set to be the hottest on record on the planet. Just since COP29, deadly storms have battered the Philippines and Honduras, and Ecuador declared a national emergency due to drought and forest fires. She acknowledged the politics of the moment but said that wealthy nations had options such as taxation on fossil fuel companies.COP29 President Mukhtar Babayev speaks at a first closing plenary of the COP29 Climate Conference in Baku on November 23, 2024. — AFP picIn one closely scrutinised part of the Baku deal, countries will be able to count climate finance through international financial institutions toward the US$300 billion goal.
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