<
https://www.theguardian.com/environment/2024/nov/20/australia-and-turkey-in-standoff-to-be-host-of-crucial-2026-climate-talks>
"Australia is locked in a standoff with Turkey over which will host vital UN
climate talks in 2026, where the question of whether the world can limit global
heating in line with scientific advice is likely to be decided.
Australia’s government wants to host the summit in partnership with Pacific
nations, which are among the countries most threatened by climate breakdown.
Turkey is classed as a developing country under the UN system, and may gain the
backing of several recent hosts in the same region.
The question could be decided behind closed doors at the Cop, now reaching its
final stages in Baku, Azerbaijan. The conference is scheduled to end on Friday
but is likely to carry on into this weekend, as nations were still in
disagreement on Wednesday night about how to channel funds to developing
countries.
Cop29 is supposed to produce a new global financial settlement on the climate,
by which developed countries would ensure that poor countries have the money
they need to cut their greenhouse gas emissions and adapt their infrastructure
to cope with the impacts of extreme weather.
At least $1tn a year is likely to be needed for this effort by 2030. Not all of
that, but a substantial slice, should come from the rich countries that have
historically been most responsible for carbon emissions. But they have so far
refused to put firm promises of cash on the table, arguing that big emerging
economies such as China and petrostates such as Saudi Arabia should also pay
into the funds.
Developed countries are likely to propose a target of about $300bn coming from
their overseas aid budgets, representing a tripling of the $100bn-a-year pledge
now in place, the
Guardian understands, though others have suggested a lower
figure of $200bn could be put forward.
The rest of the $1tn could then come from the private sector and a variety of
other sources, including new forms of taxation on fossil fuels and high-carbon
activities.
Poor countries have said this level of guaranteed funding – known in the talks
as the “quantum” – from developed countries will not be enough. Evans Njewa,
Malawi’s negotiator and chair of the Least Developed Countries grouping, told
the
Guardian the group wanted at least $900bn globally in guaranteed funding
from public sources in the developed world, and that most of this should be in
the form of grants rather than loans.
At least $220bn of the total should be directed towards the world’s 45 least
developed countries, he added.
“I’m sure developed countries understand the struggles we face,” he said. “No
one wants to be a least developed country. Everybody would like to graduate out
of this grouping.”"
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
