This year’s UN climate change conference, or COP29, yesterday opened with calls for global cooperation and fresh warnings about climate disasters — but proceedings quickly ground to a halt in a fight over the agenda.
Former US president Donald Trump’s re-election is already hanging over the talks in Baku, where negotiators are meant to agree on new funding for climate action in poorer countries.
As they opened, UN Framework Convention on Climate Change Executive Secretary Simon Stiell told countries: “Now is the time to show that global cooperation is not down for the count.”
Photo: Reuters
He also warned rich countries struggling to agree on a new funding target to “dispense with any idea that climate finance is charity.”
“An ambitious new climate finance goal is entirely in the self-interest of every nation, including the largest and wealthiest.”
However, the official proceedings in the capital of oil and gas-rich Azerbaijan stalled almost immediately.
“They’re not going to resume until they resolve ... the agenda,” said Alden Meyer, senior associate at climate change think tank E3G.
COP29 President Mukhtar Babayev “can’t put negotiating teams to work” until they adopt it, he said.
Negotiators must increase a US$100 billion-a-year target to help developing nations prepare for worsening climate impacts and wean their economies off fossil fuels.
How much will be on offer, who will pay and who can access the funds are some of the major points of contention. Developing countries are pushing for trillions of dollars and insist money should be mostly grants rather than loans, but negotiators are tight-lipped over what final figure might emerge.
Babayev acknowledged the need was “in the trillions,” but said a more “realistic goal” was somewhere in the hundreds of billions.
“These negotiations are complex and difficult,” the former executive of Azerbaijan’s national oil company said at the opening of the summit.
Developing countries warn that without adequate finance, they would struggle to offer ambitious updates to their climate goals, which countries are required to submit by early next year.
“The global North owes the global South a climate debt,” Climate Action Network executive director Tasneem Essop said. “We will not leave this COP if the ambition level on the finance ... doesn’t match the scale at which finance must be delivered.”
The small group of developed countries that currently contributes the money wants the donor pool expanded to include other rich nations and top emitters, including China and the Gulf states.
That has been firmly rejected by Beijing, with one Chinese official on Sunday warning during a closed-door session that the talks should not aim to “renegotiate” existing agreements.
Just a handful of leaders from the G20, whose countries account for nearly 80 percent of global emissions, are attending. US President Joe Biden is staying away.
However, Afghanistan is sending a delegation for the first time since the Taliban took power. They are expected to have observer status.
Diplomats have insisted that the absences, and Trump’s win, would not detract from the serious work at hand.
The talks come with fresh warnings that the world is far off track to meet the goals of the Paris agreement.
The UN yesterday said that this year is on track to break new temperature records, and the Paris climate agreement’s goals were now “in great peril.”
The period from 2015 to 2024 would also be the warmest decade ever recorded, the UN’s World Meteorological Organization said in a new report.
The climate deal commits to keep warming below 2°C compared with pre-industrial levels, preferably below 1.5°C.
If the world tops that level this year, it would not be an immediate breach of the Paris deal, which measures temperatures over decades.
However, it suggests much greater climate action is needed.
Last month, the UN warned the world is on a path towards a catastrophic 3.1°C of warming this century based on current actions.
More than 51,000 people are expected at the talks, which runs until Nov. 22. For the second year running the talks is being hosted by a country heavily reliant on fossil fuels, after the United Arab Emirates last year.
Azerbaijan has also been accused of stifling dissent by persecuting political opponents, detaining activists and suffocating independent media.
DISCONTENT: The CCP finds positive content about the lives of the Chinese living in Taiwan threatening, as such video could upset people in China, an expert said Chinese spouses of Taiwanese who make videos about their lives in Taiwan have been facing online threats from people in China, a source said yesterday. Some young Chinese spouses of Taiwanese make videos about their lives in Taiwan, often speaking favorably about their living conditions in the nation compared with those in China, the source said. However, the videos have caught the attention of Chinese officials, causing the spouses to come under attack by Beijing’s cyberarmy, they said. “People have been messing with the YouTube channels of these Chinese spouses and have been harassing their family members back in China,”
The Central Weather Administration (CWA) yesterday said there are four weather systems in the western Pacific, with one likely to strengthen into a tropical storm and pose a threat to Taiwan. The nascent tropical storm would be named Usagi and would be the fourth storm in the western Pacific at the moment, along with Typhoon Yinxing and tropical storms Toraji and Manyi, the CWA said. It would be the first time that four tropical cyclones exist simultaneously in November, it added. Records from the meteorology agency showed that three tropical cyclones existed concurrently in January in 1968, 1991 and 1992.
GEOPOLITICAL CONCERNS: Foreign companies such as Nissan, Volkswagen and Konica Minolta have pulled back their operations in China this year Foreign companies pulled more money from China last quarter, a sign that some investors are still pessimistic even as Beijing rolls out stimulus measures aimed at stabilizing growth. China’s direct investment liabilities in its balance of payments dropped US$8.1 billion in the third quarter, data released by the Chinese State Administration of Foreign Exchange showed on Friday. The gauge, which measures foreign direct investment (FDI) in China, was down almost US$13 billion for the first nine months of the year. Foreign investment into China has slumped in the past three years after hitting a record in 2021, a casualty of geopolitical tensions,
‘SOMETHING SPECIAL’: Donald Trump vowed to reward his supporters, while President William Lai said he was confident the Taiwan-US partnership would continue Donald Trump was elected the 47th president of the US early yesterday morning, an extraordinary comeback for a former president who was convicted of felony charges and survived two assassination attempts. With a win in Wisconsin, Trump cleared the 270 electoral votes needed to clinch the presidency. As of press time last night, The Associated Press had Trump on 277 electoral college votes to 224 for US Vice President Kamala Harris, the Democratic Party’s nominee, with Alaska, Arizona, Maine, Michigan and Nevada yet to finalize results. He had 71,289,216 votes nationwide, or 51 percent, while Harris had 66,360,324 (47.5 percent). “We’ve been through so
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