The China Mail - UN climate chief urges G20 to spur tense COP29 negotiations

USD -
AED 3.67232
AFN 69.582255
ALL 84.918051
AMD 381.989449
ANG 1.789623
AOA 916.00015
ARS 1182.2858
AUD 1.538746
AWG 1.8025
AZN 1.701725
BAM 1.695631
BBD 2.013828
BDT 121.888099
BGN 1.69545
BHD 0.377101
BIF 2969.77342
BMD 1
BND 1.281021
BOB 6.892456
BRL 5.546602
BSD 0.997429
BTN 85.827608
BWP 13.406562
BYN 3.264022
BYR 19600
BZD 2.003511
CAD 1.358395
CDF 2877.000247
CHF 0.811405
CLF 0.024433
CLP 937.593041
CNY 7.181597
CNH 7.184425
COP 4133.49
CRC 502.750432
CUC 1
CUP 26.5
CVE 95.597064
CZK 21.462983
DJF 177.611132
DKK 6.45438
DOP 58.90997
DZD 130.113113
EGP 50.609904
ERN 15
ETB 134.56173
EUR 0.86534
FJD 2.24575
FKP 0.736284
GBP 0.73676
GEL 2.739779
GGP 0.736284
GHS 10.273661
GIP 0.736284
GMD 70.49708
GNF 8642.729885
GTQ 7.664931
GYD 208.681027
HKD 7.84968
HNL 26.032225
HRK 6.518029
HTG 130.80701
HUF 348.181496
IDR 16295.1
ILS 3.55795
IMP 0.736284
INR 86.075902
IQD 1306.607597
IRR 42099.999706
ISK 124.579968
JEP 0.736284
JMD 159.696905
JOD 0.70899
JPY 144.043002
KES 128.867253
KGS 87.450149
KHR 3999.323765
KMF 426.533153
KPW 900
KRW 1361.069844
KWD 0.30593
KYD 0.831155
KZT 511.588995
LAK 21520.375564
LBP 89366.224962
LKR 298.647987
LRD 199.484167
LSL 17.949916
LTL 2.95274
LVL 0.60489
LYD 5.44962
MAD 9.119803
MDL 17.080413
MGA 4503.821096
MKD 53.236364
MMK 2099.907788
MNT 3581.247911
MOP 8.063844
MRU 39.597557
MUR 45.490459
MVR 15.405002
MWK 1729.48464
MXN 18.92442
MYR 4.244008
MZN 63.950363
NAD 17.949916
NGN 1545.490059
NIO 36.70711
NOK 9.900605
NPR 137.326554
NZD 1.659076
OMR 0.384498
PAB 0.997455
PEN 3.600203
PGK 4.166612
PHP 56.502971
PKR 282.765147
PLN 3.693896
PYG 7958.560003
QAR 3.638523
RON 4.348202
RSD 101.402976
RUB 79.502451
RWF 1440.294076
SAR 3.754305
SBD 8.347391
SCR 14.228557
SDG 600.501551
SEK 9.49724
SGD 1.281215
SHP 0.785843
SLE 22.050262
SLL 20969.503664
SOS 570.036456
SRD 37.528023
STD 20697.981008
SVC 8.727692
SYP 13001.9038
SZL 17.938126
THB 32.458501
TJS 10.073996
TMT 3.5
TND 2.951358
TOP 2.342101
TRY 39.428965
TTD 6.763968
TWD 29.494965
TZS 2586.681991
UAH 41.37256
UGX 3594.480833
UYU 41.007946
UZS 12673.394368
VES 102.16696
VND 26091.5
VUV 119.102474
WST 2.619188
XAF 568.693783
XAG 0.027512
XAU 0.000293
XCD 2.70255
XDR 0.70726
XOF 568.693783
XPF 103.395062
YER 243.350268
ZAR 17.90752
ZMK 9001.199446
ZMW 24.112356
ZWL 321.999592
  • CMSC

    0.0900

    22.314

    +0.4%

  • CMSD

    0.0250

    22.285

    +0.11%

  • RBGPF

    0.0000

    69.04

    0%

  • SCS

    0.0400

    10.74

    +0.37%

  • RELX

    0.0300

    53

    +0.06%

  • RIO

    -0.1400

    59.33

    -0.24%

  • GSK

    0.1300

    41.45

    +0.31%

  • NGG

    0.2700

    71.48

    +0.38%

  • BP

    0.1750

    30.4

    +0.58%

  • BTI

    0.7150

    48.215

    +1.48%

  • BCC

    0.7900

    91.02

    +0.87%

  • JRI

    0.0200

    13.13

    +0.15%

  • VOD

    0.0100

    9.85

    +0.1%

  • BCE

    -0.0600

    22.445

    -0.27%

  • RYCEF

    0.1000

    12

    +0.83%

  • AZN

    -0.1200

    73.71

    -0.16%

UN climate chief urges G20 to spur tense COP29 negotiations
UN climate chief urges G20 to spur tense COP29 negotiations / Photo: © AFP/File

UN climate chief urges G20 to spur tense COP29 negotiations

The UN's climate chief urged G20 leaders on Saturday to push COP29 talks towards a deal to raise money for developing nations as diplomats struggled to find common ground in marathon negotiations.

Text size:

Negotiators worked through the night in efforts to produce a new draft deal before ministers arrive next week for the final days of the COP29 talks in a Baku sports stadium, but differences remained.

"There is a long way to go, but everyone is very aware of the stakes, at the halfway point in the COP," UN climate chief Simon Stiell said in a statement.

Stiell appealed for leaders of the Group of 20, which includes the world's top economies and polluters, to weigh in when they meet in Brazil on Monday and Tuesday.

"As G20 Leaders head to Rio de Janeiro, the world is watching and expecting strong signals that climate action is core business for the world's biggest economies," Stiell said.

"G20 Leaders must signal loud and clear that international cooperation is still the best and only chance humanity has to survive global heating," he said.

Some developing countries, which are least responsible for global greenhouse gas emissions, want an annual commitment of $1.3 trillion to help them adapt to climate impact and transition to clean energy.

The figure is well above what donors including the United States, the European Union and Japan currently pay.

But the negotiations are stuck over a final figure, the type of financing, and who should pay, with developed countries wanting China and wealthy Gulf states to join the list of donors.

"We know we need at least 1.3 trillion to be committed to the low and middle income countries. And that has to be the figure at the end," Irish climate minister Eamon Ryan said earlier this week.

"The question is what's that made up of," he said.

Rich nations, which face their own economic challenges and political pressure following years of high inflation, are loath to commit large amounts of money from their public budgets alone.

Buried in debt, developing countries do not want the money to come in the form of loans.

- 'Much to do' -

The latest draft deal was 25 pages long, and still contained a raft of options.

Samir Bejanov, deputy lead negotiator of COP29 host Azerbaijan, said nations were given more time to produce a new text later on Saturday.

"There is still much, much to do," Bejanov said in a press conference.

"Over the last few days, some people have doubted whether collectively we can deliver. It's time for the negotiators to start proving them wrong," he added.

Observers described a tense atmosphere in the negotiating rooms in Azerbaijan's capital.

"Stark divisions between North and South prevent negotiators from tackling the main issues at hand," said Iskander Erzini Vernoit, director of the Imal Initiative for Climate and Development, a Morocco-based think tank.

Tensions also emerged after some nations specified how much they should be getting from any deal.

A bloc of least-developed nations, mostly from Africa, asked for $220 billion while small-island states at threat from rising seas want $39 billion.

Friederike Roder, a vice president at the non-profit Global Citizen, said the latest draft contains a "jungle of options" that makes "insufficient progress or even backtracks" on some key points.

"What is urgently needed is real political momentum and energy from world leaders as they convene for the G20 summit in Rio," she said.

C.Mak--ThChM