29th United Nations Conference of the Parties (COP29) to Climate Change. Has officially started. Over the next two weeks, about 50,000 delegates will meet in Baku, the capital of Azerbaijan, to negotiate a new agreement to try to keep global warming below 1.5 degrees Celsius above pre-industrial temperatures, the limit set in the 2015 Paris Agreement. was scheduled.
Sultan Al Jaber, president of COP28 held in Dubai last year, was in charge of launching it A session called “a moment of complexity and conflict”The emirate highlighted the “record implementation of renewable energy” that the world is experiencing. Of course, they have their own interests in fossil fuels.
And, as already mentioned in Enclave SDGs, Al Jaber is the Gulf country’s Minister of Industry and Chairman of Abu Dhabi National Oil Company (Adnoc), one of the world’s largest oil producers. Despite everything, the President of COP28, who sees Business “Opportunities” in Clean Energy.Baku sends a clear message to those responsible for the summit: “Let’s focus on solidarity to achieve a greener planet”,
reuters
Dubai, UAE)
Mukhtar Babayev, The President of COP29 has assured that this climate summit is “the moment of truth for the Paris Agreement.” Azerbaijan’s Minister of Ecology and Natural Resources also recalled that “we are on the path to destruction”, referring to the Dana floods in Spain or the fires in Australia.
The highest delegate to this climate summit stressed that “current policies lead us directly to 3 degrees Celsius of global warming.” For this reason, he said, his mandate is to achieve an agreement that avoids this reality.
“We need much more from all of you,” he told delegates gathered in Azerbaijan. And he has put on the table the need for efficient climate financing and “big ambitions”. Precisely for this reason, Babayev has set a high goal, which is Achieve a new global climate finance target,
for its part, Simon Still, UN Executive Secretary for Climate Change (UNFCCC, for its acronym in English) has emphasized that “in times of crisis, do not turn to hope”, but to the human capacity to overcome it. Still has highlighted his frustration because “no single COP is able to offer all the changes that every nation needs.”
But he said that in Baku “joint solutions to get out of this mess” that is climate change could be debated and negotiated. For this reason, the climate summit must end with a series of adaptation objectives, because “what cannot be measured cannot be achieved.”
COP keyword
COP29. 29th United Nations Conference of the Parties to Climate Change. It is celebrated in Azerbaijan, a petrostat Which is still 90% dependent on gas and oil. The summit seeks to build consensus on financing climate change mitigation and adaptation.
NCQG. New global climate finance targets. This is one of the key aspects of this climate summit – and one of the main obstacles to its predecessors. This refers to the basic requirement of the Paris Agreement: that the most developed countries help finance the adaptation to the climate emergency of the most vulnerable states.
One hundred billion dollars. This is the most important figure for the UNFCCC and the climate summit aims to fulfill the promise made in Copenhagen in 2009: that the richest countries invest one hundred billion dollars annually in mitigation and adaptation of less developed countries.
Loss and damage. The two most heard concepts at the last COP. They refer to the most extreme and bloody impacts of climate change which no amount of adaptation can avoid. In turn, the countries most vulnerable to ecological crisis are the ones that suffer the most loss and damage.
The Climate Summit seeks to create a loss and damage fund that is within the financing objective, but has its own implementation system. And it is precisely the latter on which we will once again attempt to negotiate.
main conversation
Financing is one of the priorities of climate talks. It can also be said that this is the main point of the agenda of this COP29.In these moments it can be said that reality is sharp Between how much money all countries need to mitigate and adapt to climate change and what is on the table.
Fragile countries, as always, are most affected. Therefore, one of the main topics of discussion during this climate summit in Baku will be financing.
According to a report by the United Nations Environment Program (UNEP), developing countries need it. At least $1 billion per day to address today’s extreme weather impacts. And so far, Earth has warmed only 1.3 degrees Celsius compared to pre-industrial temperatures.
However, the United Nations has warned that these countries are receiving only $75 million per day. The most worrying thing is that, despite the fact that adaptation funds are growing – they increased from 22 billion in 2021 to 28 billion in 2022 -, The impacts of the climate emergency are becoming greater and more frequent
,As UN Secretary-General Antonio Guterres explains, “Climate catastrophe is the new reality and we are not prepared for it. The climate crisis is already here. We cannot postpone protection, we must adapt now.”