Sunday, May 18, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Summit host Azerbaijan warns COP29 cannot succeed without G20 boost

Simon Osuji by Simon Osuji
November 18, 2024
in Telecoms
0
Summit host Azerbaijan warns COP29 cannot succeed without G20 boost
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter



Leaders of the world’s biggest economies must send a clear signal on the need to tackle global warming, COP29 climate summit host Azerbaijan said on Monday.

The plea came as Group of 20 (G20) leaders met in Brazil with climate just one item on an agenda spanning war in Ukraine and the implications of Donald Trump’s election victory.

In Baku, the main objective for the nearly 200 countries gathered for COP29 is to agree a deal on how to provide trillions of dollars in financing for climate projects, with talks on a new finance goal and cutting emissions bogged down.

“We cannot succeed without them, and the world is waiting to hear from them,” said COP29 President Mukhtar Babayev, adding: “They account for 85% of global GDP and 80% of emissions”.

“We urge them to use the G20 meeting to send a positive signal of their commitment to addressing the climate crisis. We want them to provide clear mandates to deliver at COP29,” he told a press conference in Baku.

While the G20 looked to have agreed movement on climate finance, prior to the text being seen it was unclear to those in Baku what had been agreed and how it would impact talks, which entered their second week in Azerbaijan.

U.N. climate chief Simon Stiell warned leaders who are set to arrive to help drive forward a deal, not to waste time with “bluffing, brinksmanship and premeditated playbooks”.

“We’ll only get the job done if parties are prepared to step forward in parallel, bringing us closer to common ground,” he said, adding: “So let’s cut the theatrics and get down to real business.”

FOSSIL FUELS

Another contentious area of discussion has been how to move forward a deal struck in Dubai last year on transitioning from climate-damaging fossil fuels.

A dispute over this delayed the start of negotiations last week and looks to have made little progress towards resolution.

European and small island countries have run up against the Arab group of nations on how prominent the future of fossil fuels should be on the agenda and how countries should be held accountable for the promises they made last year.

Australia’s Sally Cox, speaking for the Umbrella Group, which includes Japan and the United States, said it was “deeply disappointed” some parties had “repeatedly blocked progress”.

“Substantive outcomes on these matters will be critical at COP29,” Cox added, without naming specific countries.

Groups including the 27-nation European Union said there was a need for Azerbaijan to follow in the footsteps of past COP presidencies and take a leadership role in guiding the talks towards a deal.

“That has been the case at every single COP and it certainly is the case at this COP,” EU climate chief Wopke Hoekstra said. (Additional reporting by William James, Simon Jessop and Gloria Dickie in Baku; editing by Alexander Smith)



Source link

Related posts

Coalition of Parliamentarians to End Malaria in Africa (COPEMA) officially launched in Accra

Coalition of Parliamentarians to End Malaria in Africa (COPEMA) officially launched in Accra

May 18, 2025
NBK Wealth Group relocates to its new London office

NBK Wealth Group relocates to its new London office

May 18, 2025
Previous Post

Integris to Supply Armor Systems for US Army FLRAA Program

Next Post

Top 10 African countries with the highest fuel prices in November 2024

Next Post
Top 10 African countries with the highest fuel prices in November 2024

Top 10 African countries with the highest fuel prices in November 2024

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Pharma downplays tariff threat, even as risks remains unclear

Pharma downplays tariff threat, even as risks remains unclear

2 weeks ago
OpenAI upgrades ChatGPT search with shopping features

OpenAI upgrades ChatGPT search with shopping features

3 weeks ago
NBK Wealth Group relocates to its new London office

NBK Wealth Group relocates to its new London office

3 hours ago
How Long Should You Wait For SHIB To Hit 5 Cents?

How Long Should You Wait For SHIB To Hit 5 Cents?

7 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.