COP29 pushes progress on climate aid for developing countries

The president of this year’s UN climate summit, COP29, has issued an urgent call for compromise among participating nations. 

Mukhtar Babayev, a government minister in host nation Azerbaijan, expressed concern over stalled negotiations on how wealthy countries will support developing nations in tackling climate change.

COP29, scheduled for November in Azerbaijan, aims to establish a global agreement on climate finance. 

This involves determining the level of financial assistance developed nations will provide to developing countries for mitigation and adaptation efforts. 

Despite urgency, talks held in Bonn last month reached a deadlock.

While poorer nations have contributed significantly less to greenhouse gas emissions, they face the brunt of the climate crisis. 

They require substantial investments to transition their energy infrastructure toward cleaner sources and fortify their defenses against climate-driven disasters.

Babayev’s letter, addressed to the roughly 200 signatories of the UN climate accords, highlighted the lack of “necessary progress.”

He emphasized the dwindling window of opportunity, stating, “Time lost is lives, livelihoods and the planet lost.”

The COP29 president urged all parties to accelerate their efforts and abandon rigid opening positions. 

Failure to reach an agreement could exacerbate existing distrust within climate negotiations.

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