The China Mail - COP29 talks stall from start with fight over agenda

USD -
AED 3.67305
AFN 63.500068
ALL 79.869835
AMD 363.460172
ANG 1.790365
AOA 917.000203
ARS 1514.226905
AUD 1.406084
AWG 1.80125
AZN 1.698292
BAM 1.706252
BBD 2.014735
BDT 122.843521
BGN 1.683441
BHD 0.376975
BIF 3000
BMD 1
BND 1.274916
BOB 11.003708
BRL 5.1092
BSD 1.000301
BTN 95.56554
BWP 13.547596
BYN 3.03039
BYR 19600
BZD 2.011865
CAD 1.40745
CDF 2311.000191
CHF 0.820965
CLF 0.023993
CLP 947.430113
CNY 6.699799
CNH 6.69874
COP 3209.17
CRC 446.324973
CUC 1
CUP 26.5
CVE 96.197131
CZK 21.2815
DJF 177.719993
DKK 6.534525
DOP 59.250224
DZD 133.913705
EGP 51.547653
ERN 15
ETB 161.774656
EUR 0.87414
FJD 2.238205
FKP 0.747949
GBP 0.749995
GEL 2.595024
GGP 0.747949
GHS 11.570347
GIP 0.747949
GMD 73.497903
GNF 8757.500575
GTQ 7.633554
GYD 209.220461
HKD 7.843945
HNL 26.851323
HRK 6.587804
HTG 130.739368
HUF 316.359501
IDR 17826
ILS 3.014602
IMP 0.747949
INR 95.55785
IQD 1310.441394
IRR 1374849.999988
ISK 120.979944
JEP 0.747949
JMD 157.757218
JOD 0.70898
JPY 157.369501
KES 129.450262
KGS 87.450258
KHR 4052.000124
KMF 430.000514
KPW 900.000318
KRW 1357.790866
KWD 0.308601
KYD 0.833584
KZT 447.358319
LAK 22408.7241
LBP 89579.323882
LKR 329.228662
LRD 173.059223
LSL 16.226232
LTL 2.95274
LVL 0.60489
LYD 6.376417
MAD 9.55311
MDL 17.590327
MGA 4381.243184
MKD 53.670431
MMK 2099.019807
MNT 3596.806502
MOP 8.081186
MRU 40.053042
MUR 47.659781
MVR 15.459923
MWK 1734.612868
MXN 17.3004
MYR 4.075198
MZN 63.898252
NAD 16.225949
NGN 1323.820074
NIO 36.815543
NOK 9.446275
NPR 152.891351
NZD 1.74708
OMR 0.384488
PAB 1.000305
PEN 3.379266
PGK 4.456251
PHP 62.566032
PKR 277.214494
PLN 3.80185
PYG 5952.427688
QAR 3.636364
RON 4.612503
RSD 102.621036
RUB 84.248932
RWF 1476.460299
SAR 3.755168
SBD 8.026013
SCR 13.776759
SDG 601.502952
SEK 9.84912
SGD 1.27545
SHP 0.74758
SLE 24.64972
SLL 20969.491881
SOS 571.640424
SRD 37.739709
STD 20697.981008
STN 21.373953
SVC 8.752852
SYP 13002.000254
SZL 16.221592
THB 33.140026
TJS 9.227964
TMT 3.5
TND 2.947861
TOP 2.40776
TRY 48.819499
TTD 6.797006
TWD 31.686599
TZS 2645.003045
UAH 44.815682
UGX 3901.400648
UYU 40.165583
UZS 11818.48716
VES 851.341299
VND 26015
VUV 118.301728
WST 2.751033
XAF 573.398087
XAG 0.014921
XAU 0.000229
XCD 2.702551
XCG 1.802851
XDR 0.707052
XOF 573.398087
XPF 104.043167
YER 236.550186
ZAR 16.196498
ZMK 9001.201861
ZMW 19.481788
ZWL 321.999592
SSP 5712.529845
MXV 1.960886
  • RYCEF

    -0.2400

    19.75

    -1.22%

  • GSK

    -0.3330

    50.747

    -0.66%

  • VOD

    -0.3750

    16.645

    -2.25%

  • RELX

    -0.4390

    32.971

    -1.33%

  • CMSC

    -0.0700

    20.6

    -0.34%

  • NGG

    0.2790

    76.959

    +0.36%

  • BTI

    0.0050

    55.755

    +0.01%

  • RIO

    0.5300

    97.57

    +0.54%

  • AZN

    0.3000

    168.4

    +0.18%

  • CMSD

    -0.1400

    20.4

    -0.69%

  • BCC

    3.1300

    78.79

    +3.97%

  • BCE

    -0.1250

    21.865

    -0.57%

  • JRI

    -0.0100

    11.51

    -0.09%

  • RBGPF

    0.0000

    67.95

    0%

  • BP

    0.1250

    43.285

    +0.29%

COP29 talks stall from start with fight over agenda
COP29 talks stall from start with fight over agenda / Photo: © AFP

COP29 talks stall from start with fight over agenda

The COP29 talks opened Monday with calls for global cooperation and fresh warnings about climate disasters -- but proceedings quickly ground to a halt in a fight over the agenda.

Text size:

Donald Trump's re-election is already hanging over the talks in Baku where negotiators are meant to agree new funding for climate action in poorer countries.

As they 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 rich countries 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."

But 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.

The COP29 president "can't put negotiating teams to work" until they adopt it, he added.

- Trillions needed -

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.

"The global North owes the global South a climate debt," said Tasneem Essop, executive director of Climate Action Network.

"We will not leave this COP if the ambition level on the finance... doesn't match the scale at which finance must be delivered."

- 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.

The UN said Monday that 2024 is on track to break new temperature records, and the Paris climate agreement's goals were now "in great peril".

- Warmest decade -

The period from 2015 to 2024 will 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 degrees Celsius compared to pre-industrial levels, preferably below 1.5C.

If the world tops that level this year, it 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.

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.Yam--ThChM