Cop29: five critical issues still left hanging after an underwhelming UN climate summit in Azerbaijan

Mon, 16 Dec 2024 05:04:07 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://theconversation.com/cop29-five-critical-issues-still-left-hanging-after-an-underwhelming-un-climate-summit-in-azerbaijan-244350>

"Billed as the “finance Cop”, the 29th UN climate change summit (otherwise
known as Cop29) in Baku, Azerbaijan, was expected to provide the money to
enable the transition away from fossil fuels announced at last year’s Cop28.

Negotiations were focused on increasing the US$100 billion (£79.4 billion)
promised per year by developed countries to help the least developed countries
build up their renewable energy capacity. Many demanded a ten-fold increase, as
at least US$1 trillion is needed per year. Discussions also centred on who
should finance the loss and damage fund agreed at Cop27, that would compensate
developing countries for the impacts of climate change.

The conference was a mixed bag – here are our five takeaways"

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

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