Developing nations blast $US300 billion COP29 climate deal as insufficient
Baku, Azerbaijan Reuters Countries at the COP29 summit in Baku adopted a $US300 billion a year global finance target on Sunday to help poorer nations cope with impacts of climate change, a deal its intended recipients criticised as woefully insufficient. The agreement, clinched in overtime at the two-week conference in Azerbaijan’s capital, was meant to […]
COP29 draft deal would have rich nations pay $US300 billion in climate finance
Baku, Azerbaijan Reuters Developed nations should pay $US300 billion a year by 2035 to help poorer countries deal with climate change, according to a new draft deal from UN climate talks published early on Sunday, after an earlier target of $US250 billion was rejected. Reuters previously reported that the European Union, the United States and […]
Lula urges G20 leaders to move faster on net zero climate targets
Rio de Janeiro, Brazil Reuters Brazilian President Luiz Inacio Lula da Silva on Tuesday urged leaders of the Group of 20 major economies to accelerate their national climate targets, calling on them to reach net zero climate emissions five to 10 years ahead of schedule. Opening the last session of the G20 summit in Rio […]
Essay: The COP29 climate talks are about to kick off in Baku, Azerbaijan. Here’s what to expect
MATT MCDONALD, professor of international relations at the University of Queensland, looks, in an article first published on The Conversation at the agenda for this year’s climate talks…
Debt costs overshadow climate finance in small island states – report
London, UKReuters Small developing island states heavily exposed to the effects of climate change and often in critical debt situations spend at least 18 times more on debt servicing than they receive in climate finance, a report showed. The report by the European Network on Debt and Development (Eurodad) said 37 island and coastal countries […]