The China Mail - COP29 opens after Trump win with call for cooperation

USD -
AED 3.67302
AFN 68.25057
ALL 83.483156
AMD 381.28666
ANG 1.789699
AOA 917.000079
ARS 1331.517198
AUD 1.533989
AWG 1.8025
AZN 1.701624
BAM 1.678416
BBD 2.011225
BDT 121.225644
BGN 1.67595
BHD 0.377008
BIF 2970.239245
BMD 1
BND 1.281665
BOB 6.898002
BRL 5.460296
BSD 0.996082
BTN 87.455643
BWP 13.436429
BYN 3.278753
BYR 19600
BZD 2.000841
CAD 1.373185
CDF 2890.000319
CHF 0.80513
CLF 0.02484
CLP 974.449633
CNY 7.18315
CNH 7.18171
COP 4044
CRC 504.348796
CUC 1
CUP 26.5
CVE 94.626544
CZK 21.049902
DJF 177.384543
DKK 6.39439
DOP 60.621404
DZD 130.329582
EGP 48.458546
ERN 15
ETB 138.442414
EUR 0.85684
FJD 2.253799
FKP 0.751467
GBP 0.74803
GEL 2.697767
GGP 0.751467
GHS 10.509197
GIP 0.751467
GMD 72.501278
GNF 8640.311728
GTQ 7.643755
GYD 208.398948
HKD 7.849455
HNL 26.182027
HRK 6.455199
HTG 130.732754
HUF 341.080505
IDR 16297.85
ILS 3.43782
IMP 0.751467
INR 87.689003
IQD 1304.93922
IRR 42124.999693
ISK 122.350144
JEP 0.751467
JMD 159.191257
JOD 0.709001
JPY 147.258498
KES 128.901322
KGS 87.449956
KHR 3990.988091
KMF 422.49885
KPW 899.94784
KRW 1382.949742
KWD 0.30545
KYD 0.830112
KZT 535.217311
LAK 21550.46277
LBP 89250.942919
LKR 299.682905
LRD 199.72281
LSL 17.746006
LTL 2.95274
LVL 0.60489
LYD 5.421084
MAD 9.036657
MDL 16.918898
MGA 4406.722934
MKD 52.80344
MMK 2099.311056
MNT 3591.43546
MOP 8.053619
MRU 39.734309
MUR 45.350304
MVR 15.405187
MWK 1727.246592
MXN 18.59456
MYR 4.228506
MZN 63.960054
NAD 17.746006
NGN 1525.150182
NIO 36.657011
NOK 10.16617
NPR 139.928686
NZD 1.679882
OMR 0.384488
PAB 0.996082
PEN 3.542113
PGK 4.136416
PHP 57.210499
PKR 282.843731
PLN 3.660896
PYG 7460.963815
QAR 3.631534
RON 4.347702
RSD 100.350056
RUB 80.000386
RWF 1440.873964
SAR 3.752576
SBD 8.217066
SCR 14.635046
SDG 600.507518
SEK 9.604135
SGD 1.283585
SHP 0.785843
SLE 23.103011
SLL 20969.503947
SOS 569.31256
SRD 37.035999
STD 20697.981008
STN 21.025441
SVC 8.715614
SYP 13001.372255
SZL 17.742745
THB 32.299026
TJS 9.31359
TMT 3.51
TND 2.935899
TOP 2.342099
TRY 40.682075
TTD 6.75297
TWD 29.816023
TZS 2472.503383
UAH 41.441389
UGX 3556.272608
UYU 39.974254
UZS 12476.132039
VES 128.747751
VND 26215
VUV 119.124121
WST 2.771506
XAF 562.925172
XAG 0.026298
XAU 0.000296
XCD 2.70255
XCG 1.795214
XDR 0.700098
XOF 562.925172
XPF 102.345818
YER 240.449806
ZAR 17.74998
ZMK 9001.199098
ZMW 22.935654
ZWL 321.999592
  • SCU

    0.0000

    12.72

    0%

  • JRI

    0.0800

    13.34

    +0.6%

  • BCE

    -0.3100

    23.25

    -1.33%

  • NGG

    0.0200

    72.3

    +0.03%

  • CMSD

    0.0300

    23.54

    +0.13%

  • BCC

    -3.8500

    82.92

    -4.64%

  • GSK

    -0.5700

    36.75

    -1.55%

  • RBGPF

    1.0800

    76

    +1.42%

  • RIO

    0.3900

    60.09

    +0.65%

  • CMSC

    -0.1200

    22.95

    -0.52%

  • SCS

    0.0300

    15.99

    +0.19%

  • RYCEF

    0.1700

    14.5

    +1.17%

  • VOD

    0.2000

    11.3

    +1.77%

  • BTI

    0.5600

    56.4

    +0.99%

  • AZN

    -0.8800

    73.6

    -1.2%

  • RELX

    -1.7800

    48.81

    -3.65%

  • BP

    0.2800

    33.88

    +0.83%

COP29 opens after Trump win with call for cooperation
COP29 opens after Trump win with call for cooperation / Photo: © AFP

COP29 opens after Trump win with call for cooperation

The COP29 climate talks opened Monday in Azerbaijan with a call to show global cooperation was not "down for the count", as Donald Trump's re-election hangs over the key discussions.

Text size:

Countries come to Baku after new warnings that 2024 is on track to break temperature records, adding urgency to a fractious debate over funding for climate action in poorer countries.

Trump has pledged to once again withdraw the United States from the landmark Paris climate agreement, and there are concerns the move could weaken ambition around the negotiating table.

As the talks opened, UN climate chief Simon Stiell told countries: "Now is the time to show that global cooperation is not down for the count."

And he warned wealthy countries who are struggling to agree 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."

Negotiators must increase a $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.

COP29 President Mukhtar 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 will struggle to offer ambitious updates to their climate goals, which countries are required to submit by early next year.

"Bring some money to the table so that you show your leadership," said Evans Njewa, chair of the LDC Climate Group, whose members are home to 1.1 billion people.

- Few G20 leaders -

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 is firmly rejected by Beijing, with one Chinese official warning Sunday during a closed-door session that the talks should not aim to "renegotiate" existing agreements.

Just a handful of leaders from the Group of 20, whose countries account for nearly 80 percent of global emissions, are attending. US President Joe Biden is staying away.

Afghanistan will however be 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, will 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.

Babayev warned the talks were "a moment of truth for the Paris agreement."

The climate deal commits to keep warming below 2 degrees Celsius compared to pre-industrial levels, preferably below 1.5C.

- 'Worth it' -

But the world is likely to top that level in 2024, according to the European Union climate monitor.

That would not be an immediate breach of the Paris deal, which measures temperatures over decades, but it suggests much greater climate action is needed.

Last month, the UN warned the world is on a path towards a catastrophic 3.1C of warming this century based on current actions.

"Everyone knows that these negotiations will not be easy," said Germany's Foreign Minister Annalena Baerbock on Sunday.

"But they are worth it: each tenth of a degree of warming avoided means fewer crises, less suffering, less displacement."

More than 51,000 people are expected at the talks, which run from November 11 to 22.

For the second year running the talks will be 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.

Q.Moore--ThChM