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https://theconversation.com/from-a-us-300-billion-climate-finance-deal-to-global-carbon-trading-heres-what-was-and-wasnt-achieved-at-the-cop29-climate-talks-243697>
"The petroleum-laden dust has settled on this year’s United Nations climate
summit, COP29, held over the past fortnight in Baku, Azerbaijan. Climate
scientists, leaders, lobbyists and delegates are heading for home.
The meeting achieved incremental progress. Negotiators agreed on a new climate
finance target of at least US$300 billion a year by 2035 (A$460 billion), up
from US$100 billion now. These funds would help developing nations shift away
from fossil fuels, adapt to the warming climate and respond to loss and damage
from climate disasters.
Nations also agreed on the essential rules for a global carbon trading market,
the last agreement needed to make the 2015 Paris Agreement fully operational.
As UN climate chief Simon Stiell said in the final session, the 29th Conference
of the Parties (COP29) meeting showed the Paris Agreement was delivering on
climate action, but national governments “still need to pick up the pace”.
I attended COP29 as an expert in international climate law and litigation. I
observed the finance negotiations firsthand and represented a new alliance of
Australian and Pacific universities supporting international climate
cooperation.
At the outset, expectations for the conference were low. The United States had
just voted for the return of climate denier Donald Trump. And Azerbaijan
President Ilham Aliyev declared oil and gas a “gift of God” at an opening
event.
But even with these considerable headwinds, progress was made."
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
