BAKU
Baku set to deport Bishnoi gang member
Azerbaijan is likely to deport Mayank Singh, a member of the Lawrence Bishnoi gang wanted by Indian authorities. Singh's arrest follows an Interpol alert. This incident follows the recent deportation of another Indian gangster from Azerbaijan. Strong trade ties and cultural links, exemplified by the Ateshgah fire temple, exist between the two nations.
Climate-vulnerable countries push for credit rating overhaul
At the forefront of the talks are 39 so-called Small Island Developing States (SIDS) - including Cuba, Haiti, Fiji and the Maldives - that are bearing the brunt of increasing tropical storms, flooding, erosion and rising sea levels.
From confusion to fusion: Spending money to perfect the nuclear option is the best way to tackle climate change
The rich world should prioritise Carbon Dioxide Removal (CDR) technologies and nuclear energy development, including thorium reactors, as more effective solutions to address climate change than focusing on mitigation in developing countries.
Business seeks details in face of mixed COP29 climate messages
Many developing countries said the pledge would not be enough to help them deliver robust national climate plans.
No big deal, but still a deal to work on
The COP29 climate finance deal, finalized in Baku, triples funding to developing nations to $300 billion annually by 2035. However, it relies heavily on loans rather than grants and shifts responsibility to multilateral development banks.
World approves UN rules for carbon trading between nations at COP29
Carbon credits are generated by activities that reduce or avoid planet-heating greenhouse gas emissions, such as planting trees, protecting existing carbon sinks or replacing polluting coal with clean-energy alternatives.
- Go To Page 1
COP29: India says climate deal falls short
India voiced strong opposition to the climate finance agreement reached at COP29 in Baku, deeming the proposed increase to $300 billion by 2035 as "too little, too distant" to meet the needs of developing countries. India criticized the adoption process as stage-managed, highlighting the insufficient financial commitment to enable effective climate action.
COP29: Climate finance goal topped priority list at Baku
The COP29 climate summit concluded with a new climate finance target of at least $300 billion by 2035 to aid developing nations in transitioning from fossil fuels. The agreement, reached after intense negotiations, will see contributions from various sources, including multilateral development banks.
World agrees on $300 billion climate aid for developing nations; India rejects the offer
COP29 concluded with a contentious agreement for wealthy nations to provide $300 billion annually by 2035 to help developing countries address the climate crisis. While hailed as progress, the deal was criticized by many vulnerable nations as inadequate.
World reaches $300 bn climate finance deal at COP29
Developing nations have criticized a climate deal that pledges $300 billion annually from wealthy countries as insufficient to address the escalating climate crisis. The agreement, reached after intense negotiations in Azerbaijan, aims to support developing nations in transitioning their economies and adapting to climate change impacts.
COP29: Countries fail to reach a deal after 24 hours of overtime
Developing countries, particularly small island states and least-developed countries, have rejected the draft agreement on finance released by the COP29 Presidency on Friday. They rejected the $250 billion target by 2035 - not only because it is insufficient but more so because it lacked any commitment to provide public funding.
At COP29, climate progress takes one step forward, two steps back
Negotiations for increased financial aid from wealthy nations to developing countries faltered, highlighting the challenges of global climate action amidst rising temperatures and political roadblocks.
COP29 draft deal wants rich nations to commit $250 billion a year
The text mentions the $1.3 trillion figure that developing countries had asked for but describes it as a "global goal" - essentially asking everyone, including the private sector, to "work together" instead of putting the onus just on developed nations. This is in line with the Paris Agreement provision which is the basis for the new finance goal.
COP29 climate finance draft proposes $250 bln target from wealthy countries
A new draft climate finance deal proposed at COP29 suggests developed nations should lead in providing $250 billion annually by 2035, aiming for a total of $1.3 trillion per year from all sources. However, some European negotiators have expressed concerns about the high cost and the lack of expansion in the contributor base.
Baku climate talks: The 'X' factor that could determine future of Global South
Developing nations are expressing disappointment at the lack of a concrete financial commitment from developed countries at the UN climate conference in Baku. The conference, tasked with setting a new climate finance goal, has instead left a placeholder where a dollar amount is desperately needed to combat the escalating climate crisis.
Baku Summit: Accounting without accountability for climate finance?
As the climate summit in Baku nears its end, a potential solution to the climate finance deadlock emerges. The proposal involves upper-middle-income developing countries with high emissions voluntarily reporting their financial support to other developing nations.
Rethink Retrofitting: Why policymakers must align projects with climate needs
As COP29 concludes, developing nations grapple with insufficient climate adaptation funding from wealthier countries. Experts warn that poorly designed adaptation projects can worsen vulnerabilities, citing examples like India's irrigation policies and Vietnam's flood infrastructure. Addressing maladaptation requires data-driven strategies, effective spending, and a shift from outdated approaches to innovative solutions.
COP29: Rich nations oppose but developing world sticks to $1.3tn/year demand
At COP29, developing nations, including India and China, are demanding $1.3 trillion per year in climate finance from developed countries. They argue that this funding is a legal obligation under the Paris Agreement, not charity. Developed nations are resisting this figure and seeking to expand the contributor base beyond themselves.
COP29: Final 48 hours, finance COP face rocky finale
Developing and developed nations are clashing over a new climate finance goal at COP29, with just 48 hours left to bridge the divide. Developing countries demand trillions in annual funding, primarily from public sources, while developed nations propose a broader approach including private and emerging economy contributions.
How developing is your country?
At COP29, many nations are questioning the fairness of grouping China and India as 'developing countries'. This label, while granting certain benefits, implies a perpetual state of 'catching up' for nations like South Africa and Bhutan. While this categorization can be advantageous when it comes to climate action responsibilities, it fails to acknowledge the economic diversity within the 'Global South'.
EU softens stand on major sticking point in Baku climate talks
Securing a new climate finance package to help developing countries reduce emissions and adapt to climate change is the top priority of this year's UN climate talks.
Key Eurasian states take a major step on green energy at Baku COP
Kazakhstan, Azerbaijan, and Uzbekistan signed an agreement to produce and transfer green energy. The agreement aims to create reliable corridors to supply green energy to European and other markets. Kazakhstan also signed an agreement with Azerbaijan and China to establish an intermodal cargo terminal in Baku. The terminal will boost container train traffic via the Trans-Caspian International Transport Route.
Baku climate meet returns to big question: Who pays?
Negotiations for a new climate finance goal at COP29 in Baku hit a roadblock as developing countries, including the G77 and China, rejected proposals that they perceived as shifting the financial burden away from wealthy nations. The developing countries insist that developed countries should bear the primary responsibility for providing climate finance, as stipulated in the existing agreements.
Developing countries must not leave Baku empty-handed: UN Secretary-General
UN Secretary-General Antonio Guterres urged world leaders at COP29 to deliver substantial climate finance to developing nations, emphasizing their disproportionate suffering from climate change despite minimal contributions to emissions. He outlined a five-point plan to bridge the financial gap, warning that failure to provide adequate support would render COP29 ineffective for vulnerable countries.
World leaders descend on Baku to tackle climate change
World leaders are gathering in Baku for COP29, aiming to accelerate global efforts to combat climate change. Key issues include setting a new climate finance goal and finalizing rules for international carbon trading. The US's stance on climate action after the recent election remains a concern.
Who are the key voices at the COP29 climate summit in Baku?
The summit is scheduled to start on November 11 in Baku, Azerbaijan and nearly 200 countries are expected to gather in that week.
In Baku, will climate action trump a defiant prez-elect?
As negotiators gather in Baku for COP29, the impact of Donald Trump's election on climate finance takes center stage. Trump's anticipated withdrawal from the Paris Agreement casts a shadow, with the US delegation expected to negotiate for future re-entry.
A quieter but determined India heads to Baku climate talks
Prime Minister Narendra Modi and Minister for Environment, Forest and Climate Change Bhupender Yadav will not be at this year¡¯s annual UN climate summit (COP29) in Baku, Azerbaijan. However, the India delegation to COP29 will be in full strength to negotiate on key issues such as climate finance, carbon markets, and mitigation. Minister of State for Environment, Forests and Climate Change Kirti Vardhan is expected to participate in the High-level Segment at COP29 on November 18-19.
Climate picture abhi Baku hai
India is preparing for COP29 with plans to balance economic growth and climate targets. Focus areas include renewable energy expansion, a just transition from coal, securing climate finance, and advocating for technology transfer. India pushes for commitments from developed nations on emissions cuts and financial support while highlighting its efforts in renewable energy, adaptation, and climate justice.
Load More
