Addressing climate change: Contentious COP29 deal shows climate cooperation fraying at edges
VALERIE VOLCOVICI, RICHARD VALDMANIS and KARIN STROHECKER, of Reuters, report on reactions to the hard-fought COP29 climate financing deal…
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 agrees deal to kick-start global carbon credit trading
Baku, Azerbiajan Reuters Countries agreed a deal at the COP29 climate conference on Saturday on rules for a global market to buy and sell carbon credits that proponents say will mobilise billions of dollars into new projects to help fight global warming. The agreement, clinched roughly a decade after international talks on forming the market […]
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 […]
Climate funding divisions laid bare as COP29 deadline looms
Baku, Azerbaijan Reuters Division and discontent spilled into the open on Thursday at a UN climate summit in Baku, sparked by a proposal for a new global finance deal which offered two vastly different options and left no one happy as the closing deadline neared. The key goal of COP29 is to agree how much […]
More than 50 countries sign UN sustainable tourism declaration
Baku, Azerbaijan Reuters More than 50 governments have signed a UN declaration to make tourism around the globe more climate friendly, the United Nations said on Wednesday, in what it hailed as a major achievement of the climate summit in Azerbaijan. “At COP29 we have achieved today an historic milestone by being included in the […]
Climate finance talks face “hardest” stage as COP29 nears end-game
Baku, Azerbaijan Reuters Countries at the COP29 climate summit were warned on Wednesday that the “hardest part” was about to start in talks over how much money should be provided to developing countries to help them cope with climate change. Figuring out what form that funding takes, who pays and how much is the main […]
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 […]
Summit host Azerbaijan warns COP29 cannot succeed without G20 boost
Baku, Azerbaijan Reuters Leaders of the world’s biggest economies must send a clear signal on the need to tackle global warming, COP29 climate summit host Azerbaijan said on Monday. The plea came as G20 leaders met in Brazil with climate just one item on an agenda spanning war in Ukraine and the implications of Donald […]
Methane from tropical wetlands is surging, threatening climate plans
Baku, Azerbaijan Reuters The world’s warming tropical wetlands are releasing more methane than ever before, research shows – an alarming sign that the world’s climate goals are slipping further out of reach. A massive surge in wetlands methane – unaccounted for by national emissions plans and undercounted in scientific models – could raise the pressure […]