BAKU CLIMATE CONFERENCE
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.
COP29: Clean power must offer more hope to wean nations off fossil fuels
Rich nations struggle to offer compelling alternatives, highlighting the need for a substantial global investment in clean energy for developing countries.
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.
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.
Tension boils over at COP29; two blocs of vulnerable nations leave negotiations meeting room mid-way
Negotiations at the UN climate conference in Baku hit a roadblock as vulnerable nations, including LDCs and AOSIS, walked out over disagreements on climate finance. They criticized the draft agreement for inadequate financial commitments from developed nations, demanding a significantly larger package to address the climate crisis.
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.
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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.
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'.
G20 Summit in Brazil falls short on climate finance resolution; fails to lift spirits at COP29
The G20 summit concluded without concrete progress on climate finance, disappointing COP29 president Mukhtar Babayev who had hoped for a strong signal of commitment from the world leaders. While the G20 declaration lacked specific financial pledges, experts believe its focus on reforming multilateral development banks could indirectly benefit climate finance negotiations in Baku.
India calls for unrestricted green tech, climate finance; criticises unilateral measures by developed nations at COP29
At the COP29 climate summit, India criticized developed nations for imposing unilateral climate measures that hinder climate action in developing countries. India emphasized the need for freely available green technology and climate finance based on climate justice principles to support developing nations in raising their climate ambitions.
COP29 looks at G20 outcome to get a breakthrough on climate finance
Negotiators at the UN climate talks (COP29) in Baku are looking to the G20 summit in Rio for progress on climate finance. COP29 president Mukhtar Babayev stressed the importance of the G20's role, highlighting their contribution to global GDP and emissions.
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.
COP29: Activists urge West to deliver trillions in climate finance
Climate activists demand trillions in climate finance for developing countries. Negotiators at COP29 work to set a new climate finance goal. Disagreements arise regarding the amount, contributors, and time span of the funding. Developing countries seek 1.3 trillion dollars annually in public funds from developed nations. The G20 summit may offer solutions to the impasse.
Over 1,700 fossil fuel lobbyists given access to COP29, list includes 24 from India
Over 1,700 fossil fuel lobbyists were granted access to the UN climate conference in Baku, Azerbaijan, outnumbering delegates from almost every country except the host nation, Brazil, and Turkey. This presence of industry representatives overshadows that of delegates from the 10 most climate-vulnerable nations combined.
As mediators struggle to find common ground, experts say UN Climate Summit needs reform
An open letter signed by prominent figures, including former UN officials and climate scientists, criticizes the UN climate process as ineffective. They call for a shift from negotiations to concrete actions, suggesting smaller, solution-oriented meetings focused on progress and accountability.
India demands $1.3 tn for developing countries, says NCQG can't be 'investment goal'
At the UN climate conference, India urged developed nations to commit at least USD 1.3 trillion annually until 2030 to aid developing countries in combating climate change. They emphasized that this support should be provided as grants and concessional financing, not investment goals, aligning with the Paris Agreement's stipulation that developed countries are responsible for mobilizing climate finance.
COP29 climate talks grapple with trillion-dollar task
At the UN climate talks in Baku, economists urged developing nations need at least $1 trillion annually by 2030 to combat climate change. The conference, already fraught with diplomatic tensions, aims to establish a new financing target for wealthier nations to support developing countries' green transition. However, early negotiations have been hampered by disagreements and a lack of initial progress.
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.
COP29 kicks off in Baku with focus on finance, trade: All you need to know
The UN's COP29 climate summit commenced in Baku, Azerbaijan, with nearly 200 countries convening to address urgent climate concerns. Key agenda items include establishing a new climate finance fund for developing nations, potentially reaching $1 trillion annually, and revising global emissions trading rules.
UK vows to cut greenhouse gas emissions by 81% on 1990 levels by 2035
At the COP29 climate conference, UK Prime Minister Keir Starmer announced a new goal to cut greenhouse gas emissions by 81% of 1990 levels by 2035. This ambitious target builds on the UK's commitment to phasing out coal power and promoting renewable energy sources to achieve a greener future.
India to push for accountability, fair financing, green credit at COP29: delegates
India is advocating for accountability, green credit, fair financing, and incremental goals at COP29 in Baku. The nation is urging developed countries to fulfill climate pledges and provide transparent climate finance. While pushing for an equitable energy transition, India is prioritizing the needs of its developing economy and vulnerable communities.
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.
Taliban administration officials to attend UN climate conference in Azerbaijan
Taliban officials will attend the UN climate conference in Baku. This is the first time they will attend such a conference since taking power in 2021. The UN has not granted the Taliban formal recognition. Afghanistan is heavily affected by climate change. The country has faced severe droughts and deadly floods. Some criticize the international isolation of the Taliban.
India heads to COP29 with red lines tied to Paris Pact
India is gearing up for COP29 with a firm stance on climate finance, urging developed nations to fulfill their commitments. The nation is set to advocate for new, grant-based funding mechanisms and resist pressure to restrict investments in coal-based projects. India's position on post-2026 climate targets will depend on the outcomes of COP29 and the stances taken by other countries.
PM Modi, environment minister unlikely to attend UN climate summit in Baku
Prime Minister Narendra Modi and Environment Minister Bhupender Yadav are unlikely to attend the UN climate conference (COP29) in Azerbaijan. India will not have a pavilion at the conference and aims to secure a new climate finance goal and operationalize Article 6 of the Paris Agreement.
COP29 to commence from Nov 11; here¡¯s what to expect from the world's biggest climate conference this time
With the world teetering on disaster and new US President Trump's controversial takes on climate change, COP29 is set be a critical moment for global climate policy.
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