Tag: COP29

UN Climate Draft Shows Deep Divide On Funding For Poorer Nations At COP29

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UN Climate Draft Shows Deep Divide On Funding For Poorer Nations At COP29

Baku: A fresh draft of a UN climate deal released Wednesday offers wide-ranging options to raise funding for poorer countries, signalling that tough negotiations remain at the COP29 talks in Baku. Landing a new agreement to boost money for climate action in developing countries is the top priority of negotiators at the summit in Azerbaijan….

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COP29: India, other developing countries demand fair climate finance commitments

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COP29: India, other developing countries demand fair climate finance commitments

The venue of the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan. File | Photo Credit: Reuters India, as part of the Like-Minded Developing Countries bloc, stood firm in calling for equitable financial support from developed nations at the ongoing COP29 climate negotiations, multiple sources from the grouping said here. Concerns were also…

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Development lenders set $120 billion climate finance goal for poorer countries

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Development lenders set 0 billion climate finance goal for poorer countries

File. | Photo Credit: Reuters The world’s top multilateral banks pledged to ramp up climate finance to low and middle income countries to $120 billion a year by 2030 as part of efforts at global talks in Azerbaijan on Tuesday (November 12, 2024) to agree an ambitious annual target. Reaffirming a goal of capping global…

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Companies’ appetite for cheap carbon offsets stokes fears of greenwashing

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Companies’ appetite for cheap carbon offsets stokes fears of greenwashing

Carbon offsets have become big business as more companies make promises to protect the climate but can’t meet the goals on their own. When a company buys carbon offsets, it pays a project elsewhere to reduce greenhouse gas emissions on its behalf – by planting trees, for example, or generating renewable energy. The idea is…

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COP29 adopts establishment of global carbon market under Paris Agreement’s Article 6

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COP29 adopts establishment of global carbon market under Paris Agreement’s Article 6

A woman demonstrates a sign on veganism at the COP29 U.N. Climate Summit, Tuesday, Nov. 12, 2024, in Baku, Azerbaijan. | Photo Credit: AP In a landmark decision on the first day of the global climate talks here, COP29 has officially adopted the new operational standards for a mechanism of the Paris Agreement under Article…

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India to push for accountability, fair financing, green credit at COP29: delegates

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India to push for accountability, fair financing, green credit at COP29: delegates

India’s approach at COP29 focuses on accountability, green credit, fair financing, and incremental goals for its developing economy, multiple delegates said on Monday (November 11, 2024) as the latest edition of the world’s most important meeting on climate change kickstarted in Baku. The 29th session of the climate change conference of parties (COP29) is being…

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India to focus on climate finance, accountability, protection for vulnerable communities at COP29

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India to focus on climate finance, accountability, protection for vulnerable communities at COP29

People walk outside the venue for the COP29 U.N. Climate Summit in Baku, Azerbaijan. File | Photo Credit: AP As world leaders and climate negotiators converge on Baku for COP29, beginning Monday (November 11, 2024), India is set to bring renewed focus to the urgent need for climate finance, accountability, and protection for vulnerable communities….

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What Is The Point Of COP29, An Annual UN Climate Summit?

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What Is The Point Of COP29, An Annual UN Climate Summit?

Baku: Tens of thousands of people from around the globe will gather next week for COP29, the annual UN climate summit, in Azerbaijan’s capital of Baku. But as each year’s summit has produced its own set of promises, plans, and paperwork to chase, the rationale for these discussions can be hard to follow. Here’s what…

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COP29: What are the key issues at the UN climate summit in Baku?

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COP29: What are the key issues at the UN climate summit in Baku?

A view shows a sign of the COP29 United Nations Climate Change Conference with a backdrop of the cityscape in Baku, Azerbaijan October 31, 2024. | Photo Credit: Reuters This month’s U.N. climate summit – COP29 in Baku, Azerbaijan – has been dubbed the “climate finance COP” for its central goal: to agree on how…

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