Carbon labelets apexamined
Patrick Greenfield
Governments have achieveed a deal on carbon labelets at Cop29, paving the way for country-to-country carbon trading and the creation of a reguprocrastinateedd global labelet to encounter Paris centers. Further technical rules will necessitate to be sorted in 2025 but this is a convey inant increase to carbon trading proponents folloprosperg years of argue.
If you would appreciate to read more about what this all uncomfervents, we readyd an expounder at the commence of Cop29 on the excellent, the horrible and the hideous of carbon labelets.
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Plivent Mukhtar Babayev at the plenary encountering at the UN Climate Change Conference COP29 in Baku.”,”caption”:”COP29 Plivent Mukhtar Babayev at the plenary encountering at the UN Climate Change Conference COP29 in Baku.”,”acunderstandledge”:”Pboilingograph: COP29 AZERBAIJAN/HANDOUTS/EPA”}},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
As Babayev gavelled thcdisesteemful the deal there was extfinished standing applaengage, cheering, whistling. negotiators embracing.
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“Unblessedly we’re in a situation now where we have a deadlock,” Marina Silva, the Brazilian minister of the environment and climate change, shelp in a press conference on Saturday night.
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Silva, Brazil environment minister, at a press conference in Baku.”,”caption”:”Marina Silva, Brazil environment minister, at a press conference in Baku. “,”acunderstandledge”:”Pboilingograph: Rafiq Maqbool/AP”}},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
Some agrees have been achieveed, including on carbon labelets and changeation. But “there are some remaining rerents which are vital,” she shelp, including efforts to support a fair transition, the global stockget, and the key rerent for Cop29: climate finance.
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It was “only yesterday,” she shelp, that negotiators had access to a proposed “quantum” – a core climate finance goal for rich nations to provide lengthening countries, she shelp.
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“We still have some rerents which necessitate to be properly insertressed,” she shelp.
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Negotiators have shifted their caccess to other topics, but “we necessitate to caccess on what is vital in this Cop and not other topics,” she shelp.
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A vital hurdle at the summit, shelp Silva, has been the deficiency of “central directership,” though she inserted, “I’m not saying it was fair an rerent of the plivency.”
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She shelp Brazil came to Cop29 with an “uncover heart” and an “driven NDC” that was aligned with the 1.5C center, aiming to direct by example.
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She called for countries to put forth strong climate action set ups before their February deadline.
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Governments have achieveed a deal on carbon labelets at Cop29, paving the way for country-to-country carbon trading and the creation of a reguprocrastinateedd global labelet to encounter Paris centers. Further technical rules will necessitate to be sorted in 2025 but this is a convey inant increase to carbon trading proponents folloprosperg years of argue.
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If you would appreciate to read more about what this all uncomfervents, we readyd an expounder at the commence of Cop29 on the excellent, the horrible and the hideous of carbon labelets.
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The mood was nervous as Cop29 plivent Mukhtar Babayev booted off the plenary stupidinutively after 8 pm on Saturday.
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“The eyes of the world are caccessed on us. However, time is not on our side,” he says, encouraging agree. He asks countries to upgrasp their interventions stupidinutive: three minutes max.
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They are trying to apexamine procedural parts of the climate summit that have achieveed consentment.
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“This is the final stretch you have all been toiling very difficult and I understand that none of us want to depart Baku without a excellent outcome,” he shelp. “However, time is not on our side.”
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the COP29 Plivent, uncovers the plenary session.”,”caption”:”Babayev, the COP29 Plivent, uncovers the plenary session.”,”acunderstandledge”:”Pboilingograph: Sergei Grits/AP”}},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
Dharna Noor
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Meanwhile, reaction to the Guardian revelation that a Saudi Arabian allot has been accengaged of honestly making changes to an official Cop29 negotiating text, is coming in. It’s not excellent for the already embattled Azerbaijan plivency.
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“Appalling behaviour by Saudi Arabia. A reminder that the Cop Plivent is accountable to every nation not to an obstructionist petrostate,” shelp Catherine McKenna, createer climate minister for Canada and chair of the UN group on net-zero eleave outions pledgements.
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Harjeet Singh, climate activist and at the Fossil Fuel Non-Proliferation Treaty Initiative, shelp there was “an unholy partnership between the fossil fuel industry and wealthy producing nations”.
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He shelp: “Climate negotiations are already burdened by a proset up suppose deficit, and any shift to frailen the pledgement to phasing out fossil fuels will have catastrophic consequences. Prioritising the interests of this industry over the lives of hundreds of millions of vulnerable people is noskinnyg stupidinutive of a moral flunkure. We must condemn these actions and shield the integrity of the multiprocrastinateedral process before it is too procrastinateed.”
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Romain Ioualalen, at Oil Change International, shelp: “It was evident from day one that Saudi Arabia and other fossil fuel-producing countries were going to do everyskinnyg in their power to frailen the landlabel COP28 consentment on fossil fuels. At COP29, they have deployed obstructionist tactics to dilute action on the energy transition.”
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“While Saudi Arabia’s obstructionism is undeniable, we can’t forget that countries such as the US, Canada, or Australia are also broadening fossil fuel production and are being as obstructionist in the finance negotiations,” he shelp. “This isn’t about editing text – it’s about honoring pledgements and shielding our accumulateive future.”
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A Saudi Arabian allot has been accengaged of honestly making changes to an official Cop29 negotiating text, it can be discleave outed.
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Cop plivencies usupartner circuprocrastinateed negotiating texts as non-editable PDF write downs to all countries simultaneously, which are then converseed. Giving one party editing access “hazards placing this entire Cop in jeopardy”, shelp one expert.
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Oil-rich Saudi Arabia is watched by many as a persistent obstructor of action to cut the burning of fossil fuels at UN climate summits and has been portrayd as a “wrecking ball” at Cop29.
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Earlier on Saturday, a write down was circuprocrastinateedd by the Azerbaijani plivency with refreshs to the negotiating text on the Just Transition Work Program (JTWP). This aims to help countries shift to a spotlesser and more strong future, while reducing inequivalentities.
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The write down was sent with “tracked changes” from the previously circuprocrastinateedd version. In two cases, the write down showed edits were made honestly by Basel Alsubaity, at the Saudi Ministry of Energy, and the direct on the JTWP. It was not sent to other countries to edit, the Guardian was telderly.
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One of the changes deletes a section of text reading “inspires parties to think about fair transition pathways in lengthening and executeing NDCs, NAPs and LT-LEDSs that are aligned with the outcome of the first global stock get and relevant provisions of the Paris consentment”.
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Catherine Abreu, honestor at the International Climate Politics Hub and Cop veteran, shelp: “All parties necessitate to see plivency texts during this process as the negotiations persist and this is generpartner done by circulating non-editable PDF write downs to all parties simultaneously.
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“Giving one party editing access to these write downs, and a party understandn for its objective of rolling back the historic global consentment made last year to transition away from fossil fuels to renovelable energy and energy efficiency, proposes a troubleing deficiency of independence and objectivity and evidently contravenes both the spirit and the rules of this process,” she shelp. “This benevolent of behaviour from a plivency hazards placing this entire Cop in jeopardy.”
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Two groups – the Alliance of Small Island States and the Least Developed Countries walked out of key encountering on Saturday, saying they were not being adviseed by the plivency.
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of a Cop29 negotiating write down”,”caption”:”Screensboiling of a Cop29 negotiating write down”,”acunderstandledge”:”Pboilingograph: Screengrab”}},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
German foreign minister, Annalena Baerbock, speaking on Saturday before the editing revelation, shelp: “We are in the midst of a geopolitical power carry out by a restrictcessitate fossil fuel states. We will not permit the most vulnerable, especipartner the minuscule island states, to be ripped off by the restrictcessitate rich fossil fuel rerentters who have the backing, unfortunately, at this moment of the plivent [of Cop29].”
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A 2023 tell from the Climate Social Science Nettoil endd: “One nation has had an outsized role in undermining progress at global climate negotiations, year after year: Saudi Arabia. The fossil fuel huge has a 30-year write down of obstruction and procrastinate, shielding its national oil and gas sector and seeking to asconfident UN climate talks accomplish as little as possible, as sluggishly as possible.
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“Riyadh’s envoys are among the most active apass all tracks of UN climate talks, normally pushing back on efforts to curb fossil fuels”, it shelp. “Despite increased temperatures apass Saudi Arabia and droping groundwater supplies, Riyadh has shown little sign of shifting strategy.”
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The Cop29 plivency, the United Nations Frametoil Convention on Climate Change and the Saudi delegation have been reach outed for comment.
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Fiona Harvey and Patrick Greenfield
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The Alliance of Small Island States has fair sent out a statement saying that they are still taking part in the process.
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\n
“Let me originate it evident that the Alliance of Small Island States remains pledgeted to this process and are here in the spirit of excellent faith in multiprocrastinateedralism to shielded the best deal that will shield not fair us, but the world from the worst impacts of climate change.
\n
“We have currently deleted ourselves from the sloftyed NCQG converseions, which were not proposeing a progressive way forward. We want noskinnyg more than to persist to join, but the process must be INCLUSIVE. If this cannot be the case, it becomes very difficult for us to persist our graspment here at COP29.”
\n
Meanwhile ministers and country recurrentatives are still leaving the encountering room after groups recurrenting vulnerable nations walk out of finance talks. Many have noskinnyg to say to the media as they shuffle past but a handful are speaking.
\n
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Kevin Conrad, a allot with Honduras, shelp “Aosis and LDCs walked out of the encountering saying that their necessitates weren’t being think abouted. To be fair, everyone understands they are the most vulnerable but they are asking for very difficult repaired numbers pledgeted to them and there is a lot of resistance from lengthening countries. They are asking for 30% of all finance,” he shelp.
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Conrad, executive honestor for the Coalition for Rainforest Nations and createer climate envoy for Papua New Guinea speaks to the media after a encountering at the Cop29 summit”,”caption”:”Kevin Conrad, executive honestor for the Coalition for Rainforest Nations and createer climate envoy for Papua New Guinea speaks to the media after a encountering at the Cop29 summit”,”acunderstandledge”:”Pboilingograph: Murad Sezer/Reuters”}},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
Ali Mohamed, from Kenya recurrenting the Africa group, “If we don’t have a deal where the lengthened world are made accountable for the hand overy of grant based and concessional finance that is at least $600bn and the rest mobilised… Anyskinnyg drop than that will not help the world tackle climate change.”
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The Guardian understands many donor countries do not have a mandate to go above $300bn for the climate finance center. Lots of lengthening countries are pushing for far more. The G77 and China are pushing for at least $500bn, according to one source.
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Susana Muhamad, Colombia’s environment minister, shelp: “The text is still not very evident. There is a split on responsibilities. We necessitate to originate that very evident. The text should be evident. The responsibility should be evident and the quantum [the amount of climate finance on offer] should be stepped up.”
“,”elementId”:”59df5c1b-c063-4958-b215-922cb5670641″}],”attributes”:{“pinned”:dishonest,”keyEvent”:real,”summary”:dishonest},”blockCreatedOn”:1732370792000,”blockCreatedOnDiscarry out”:”09.06 EST”,”blockLastUpdated”:1732373154000,”blockLastUpdatedDiscarry out”:”09.45 EST”,”blockFirstPublished”:1732371181000,”blockFirstPublishedDiscarry out”:”09.13 EST”,”blockFirstPublishedDiscarry outNoTimezone”:”09.13″,”title”:”‘We are still taking part in the process’ say AOSIS”,”contributors”:[],”primaryDateLine”:”Sat 23 Nov 2024 17.58 EST”,”secondaryDateLine”:”First rerented on Sat 23 Nov 2024 01.07 EST”},{“id”:”6741d3758f08849211a431ed”,”elements”:[{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
Patrick Greenfield and Fiona Harvey tell:
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Two groups – the Alliance of Small Island States and the Least Developed Countries – have thrown down the gauntlet at a encountering. They’ve now shelp they want a secured 30% of climate finance, and then walked out of encountering room three.
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Speaking with journaenumerates after walking out, recurrentatives from Sierra Leone and Samoa transmited their frustrations with talks. “We have fair walked out. We came to this Cop for a fair deal. We experience that we haven’t been heard and there is a deal to be made. We are not being adviseed. That’s why we are here but we are here to barachieve. We walked out becaengage at the moment, we don’t experience that we are being heard,” shelp the recurrentative from Samoa.
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“We are the countries that are probably the most swayed by climate change. Our countries have not donated a lot but we are swayed. That’s why we are here to barachieve on behalf of our countries. We’ve made our necessitates and wants understandn. We are being neglectd. That’s why we’ve walked out,” shelp the recurrentative from Sierra Leone.
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Mohamed Adow of Power Shift insertressed the press outside:
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\n
What has happened here today is that the moral compass of the world, the most vulnerable countries, have walked out of the negotiations after they flunked to honour the promises they had made to provide climate finance. The rich world has declined to honour their obligations.
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As a result the Least Developed Countries and the Alliance of Small Island States have walked out of the negotiations and say they cannot associate themselves with the write which was put forward by the plivency.
\n
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The Guardian understands that Aosis and the LDCs only walked out of the finance encountering, not Cop29 itself.
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“What will I tell my children when I get back home? You left us for two weeks, for what? For noskinnyg! Not even peanuts!” As the talks limp on, with increasing anger and disorder on all sides, activist Tetet Lauron at COP29 calls out the despair of lengthening countries as the negotiations grind on.
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Tetet Lauron transmited the despair that many experience at the glacial progress being seen at this Cop, and the conferences before.”,”caption”:”Activist Tetet Lauron transmited the despair that many experience at the glacial progress being seen at this Cop, and the conferences before.”,”acunderstandledge”:”Composite: Cop29″}},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
“Enough with the lies. We see thcdisesteemful you. This farce has been going on not fair in the last two weeks but for the last thirty years.
“,”elementId”:”a7b8ab71-2fcd-4396-af42-6a9afe4015ac”},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
“You say this is crunch time? We’ve passed that line extfinished ago. Our people have been dying. Our people have been displaced. The climate crisis is upon us and we did not caengage it.”
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Fiona Harvey and Damian Carrington
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It’s getting heated at Cop29 and German foreign minister, Annalena Baerbock, has excoriated “geopolitical power carry out by a restrictcessitate fossil fuel states”.
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\n
“We are in the midst of a geopolitical power carry out by a restrictcessitate fossil fuel states. Their carry outing board is the backs of the subparest and most vulnerable countries. We as a European Union will not adchoose a deal that comes at the expense of those who suffer most from the effects of climate crisis.
\n
“We will not permit the most vulnerable, especipartner the minuscule island states, to be ripped off by the restrictcessitate rich fossil fuel rerentters who have the backing, unfortunately, at this moment of the Plivent [of Cop29].
\n
“Climate finance and CO2 reduction are seally connected. We, as the EU, therefore increased our financing pledgements until 2035. We are continuing to toil on originateing bridges. We are living up to our responsibilities, including as historical CO2 rerentters.
\n
What we are seeing here is the last stand by the elderly fossil fuel world. What we necessitate now are conditions apass continents for climate fairice, for viable climate financing and for continuation of the path we took in Dubai [when nations consentd to ‘transition away from fossil fuels”, making evident, there’s a immense convey inantity of countries from all around the world believing that climate fairice is in the profit of all and that the strong shoulders carry the heaviest burden.”
\n
“,”elementId”:”c3036ebc-b4d5-47bd-bd6a-d929ded02cbf”},{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
Oil-rich Saudi Arabia is a persistent obstructor of action to cut the burning of fossil fuels at UN climate summits. It’s been portrayd as a “wrecking ball” at Cop29. It usupartner toils behind the scenes. But on Thursday, Albara Tawfiq from the Saudi delegation telderly allots at Cop29: “The Arab group will not adchoose any text that centers any definite sectors, including fossil fuels.”
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foreign minister Annalena Baerbock was outspoken about the “last stand by the elderly fossil fuel world” at Cop today.”,”caption”:”Germany foreign minister Annalena Baerbock was outspoken about the “last stand by the elderly fossil fuel world” at Cop today. “,”acunderstandledge”:”Pboilingograph: Peter Dejong/AP”}}],”attributes”:{“pinned”:dishonest,”keyEvent”:real,”summary”:dishonest},”blockCreatedOn”:1732361571000,”blockCreatedOnDiscarry out”:”06.32 EST”,”blockLastUpdated”:1732362610000,”blockLastUpdatedDiscarry out”:”06.50 EST”,”blockFirstPublished”:1732362515000,”blockFirstPublishedDiscarry out”:”06.48 EST”,”blockFirstPublishedDiscarry outNoTimezone”:”06.48″,”title”:”EU minister excoriates “geopolitical power carry out by a restrictcessitate fossil fuel states””,”contributors”:[],”primaryDateLine”:”Sat 23 Nov 2024 17.58 EST”,”secondaryDateLine”:”First rerented on Sat 23 Nov 2024 01.07 EST”},{“id”:”6741a8ae8f08849211a430d5″,”elements”:[{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
Adaptation normally gets neglected, but the novel buzzword at Cop29 is “changeational” changeation.
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What this uncomfervents is taking a hoenumerateic watch of changeation, and making confident it is insertressed systematicpartner by countries, instead of approaching it on an ad hoc, project by project basis.
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So for instance a country could get steps to overhaul its urprohibit set upning system to asconfident that novel originateings are not being originateed in areas vulnerable to flooding, or change its land engage policies to asconfident that forests are kept standing, which can shield agetst mudslides and flooding, and soakedlands are intact, to helderly more water when rains come, which can shield agetst dcdisesteemfult.
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Some creates of changeation can also help to shrink eleave outions, and some eleave outions reduction techniques can also help with changeation. For instance, helping people in subpar countries to engage solar cookstoves can shrink their dependence on firewood – which cuts eleave outions and helps upgrasps forests standing.
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I spoke to Eamon Ryan, the Irish environment minister who is co-chair of the changeation toil here at Cop29, ahead of the write texts which are now being disputed over.
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“As we can already see, deimmenseating climate change is coming, even if we stop eleave outions tomorrow,” he shelp. “So we necessitate to ready. And we necessitate to do that particularly in lengthening countries, becaengage they are the ones being hit most and they are least able to ready. Many of them also have very minuscule eleave outions.”
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Adaptation had normally been an afterthought at Cops, he inserted. “This whole process has tended to caccess on eleave outions, rightly in some ways, but hasn’t put changeation centre stage.”
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The most vulnerable countries are most in necessitate of finance for changeation, but most climate finance has gone towards middle income countries or those already able to change.
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Adaptation is not one of the most contentious rerents at Cop, as most countries consent it should have more caccess. The rerent of “changeational changeation” has also caught people’s imagination, Ryan shelp. “It’s a more radical, a more systemic approach,” he shelp. “We necessitate to progress that. We necessitate to asconfident that is now toiled on. I skinnyk it’s going to be quite big in future.”
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He shelp it was vital for Cop29 to recognise the vital role of changeation in tackling the climate crisis. “Our job is to originate confident we upgrasp it centre stage,” he shelp.
“,”elementId”:”3caf0099-ce4c-4e93-8643-1ac78292dc3f”}],”attributes”:{“pinned”:dishonest,”keyEvent”:real,”summary”:dishonest},”blockCreatedOn”:1732356270000,”blockCreatedOnDiscarry out”:”05.04 EST”,”blockLastUpdated”:1732359948000,”blockLastUpdatedDiscarry out”:”06.05 EST”,”blockFirstPublished”:1732359162000,”blockFirstPublishedDiscarry out”:”05.52 EST”,”blockFirstPublishedDiscarry outNoTimezone”:”05.52″,”title”:”The novel buzzword at Cop29 is “changeational” changeation”,”contributors”:[{“name”:”Fiona Harvey”,”imageUrl”:”https://i.guim.co.uk/img/uploads/2022/12/08/Fiona_Harvey_old_image.jpg?width=300&quality=85&auto=format&fit=max&s=df55c32c5c88b81691b6867c184b460e”,”largeImageUrl”:”https://i.guim.co.uk/img/uploads/2022/12/08/Fiona_Harvey_old_image.png?width=300&quality=85&auto=format&fit=max&s=3d50d6153c8c1316bf23d95433612349″}],”primaryDateLine”:”Sat 23 Nov 2024 17.58 EST”,”secondaryDateLine”:”First rerented on Sat 23 Nov 2024 01.07 EST”},{“id”:”67419c328f087ff7bcc43d9a”,”elements”:[{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”
Our tellers Dharna Noor and Patrick Greenfield have hit upon a problem that originates the sums of money on the table at Cop29 think aboutably minusculeer than people may first skinnyk.
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The proposed text on climate finance freed at Cop29 originates no allude of inflation. This originates a massive contrastence to the scale of finance being converseed.
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In 2009, lengthened countries consentd that by 2020, they would accumulateively mobilize $100bn per year to help lengthening countries’ decarbonization and changeation set ups. US dollar inflation was 20.6% in this time period.
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But when watching contributions, inflation was not getn into account, the OECD examineed to the Guardian. As a result, the center became easier to encounter over time, though countries met it procrastinateed.
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The Cop29 write texts freed on Friday set a novel proposed finance goal: $250bn by 2035. But they will not ascfinish over time to upgrasp pace with inflation.
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This has a very big impact on numbers, as the analysis shows below.
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$100bn in 2009 dollars would equivalent $145.3bn today if we adfair for US inflation in this time period.
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Returning to the proposed $250bn center, that becomes $345bn if we suppose the ordinary annual inflation rate of the US of 2.38% over the last 15 years, according to a back-of-the-napkin calculation from my colleague Patrick Greenfield.
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“Agreeing a figure of $250 billion mobilised per year by 2035 would not only be inadequate but disgraceful. Adfaired for inflation, it recurrents virtupartner no increase in unveil finance from lengthened countries beyond the $100 billion pledgement made 15 years ago,” Salomé Lehtman, project and advocacy advisor at Mercy Corps, shelp.
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And $390bn annupartner – the number proposed in a study by top academics as fair and in line with the Paris consentment – would in 2035 be $538bn in today’s money, assuming the same rate of inflation.
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“Targets will necessitate to adfair for inflation over time,” Amar Bhconnectarya, the executive secretary of the UN’s autonomous high-level expert group on climate finance and co-author of the study, telderly the Guardian.
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Put another way, the proposed $250bn center for 2035 is repartner a $197.6bn center, assuming the same inflation rate. This uncomfervents the center is not even a doubling.
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“The proposed climate finance goal in the procrastinateedst text is an embarrassment,” shelp Collin Rees, a regulater at the climate fairice NGO Oil Change International, who allotd calculations from the IMF with the Guardian.
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Negotiators have telderly our tellers on-the-ground that rich countries have consentd to up their propose on the vital rerent of climate finance. Read the filled story from Adam Morton, Fiona Harvey and the rest of the team here.
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Major rich countries at UN climate talks in Azerbaijan have consentd to lift a global financial propose to help lengthening nations tackle the climate crisis to $300bn a year, as ministers met thcdisesteemful the night in a bid to salvage a deal.
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The Guardian understands the Azeri structures brokered a lengthy seald-door encountering with a minuscule group of ministers and delegation heads, including China, the EU, Saudi Arabia, Brazil, the UK, US and Australia, on key areas of dispute on climate finance and the transition away from fossil fuels.
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It came as the Cop29 summit in Baku, which had been due to finish at 6pm Friday, dragged into Saturday morning. A plenary session had been computed for 10am but did not eventuate.
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The lengthening world reacted with anger to a write $250bn climate finance center on Friday, neglecting it as a “joke” and far below the amount that is necessitateed to help the subpar shift to a low-carbon economy and change to the impacts of innervous weather. It prompted a discreet effort behind the scenes to increase the propose from lengthened nations.
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Multiple sources shelp the EU and disconnectal members of the umbrella group of countries including the UK, US and Australia had proposed they could go to $300bn in exchange for other changes to a write text freed on Friday.
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The Guardian understands that the UN secretary ambiguous, António Guterres, was ringing round capitals to push for a higher figure. Japan, Switzerland and New Zealand were understood to be among the countries resistant to the $300bn figure procrastinateed on Friday.
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A $300bn propose would still drop well stupidinutive of what lengthening countries say is vital, and would foreseeed still draw acute criticism if integrated in an refreshd text foreseeed procrastinateedr on Saturday. But with some ministers booked to depart Baku in the hours ahead, countries face a decision on what they are readyd to adchoose.
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Several ministers from rich nations have disputed that a deal may be easier now than next year, when Donald Trump will be US plivent and right-prosperg rulements could be returned at elections in disconnectal countries, including Germany and Canada, and they do not want to originate a pledgement they cannot encounter.
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Claudio Angelo, from Observatório do Clima in Brazil, shelp rich countries had “evidently get tod to ditch their obligations”. “After three years of negotiations the first time we ever saw quantum in the text was yesterday,” he shelp.
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He shelp $300bn in grant funding was “way, way below” what lengthening countries necessitateed. “Remember, many of them are already in proset up debt,” he shelp. “To have climate finance as the current text proposes will only entrap those countries more.”
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According to the write text of a deal circuprocrastinateedd on Friday, lengthening countries would get at least $1.3tn a year in climate finance by 2035, which is in line with the insists most produceted in progress of this two-week conference.
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But subpar nations wanted much more of that headline finance to come honestly from rich countries, pickably in the create of grants rather than loans. They shelp the propose of $250bn coming from rich countries, with restrictcessitate shieldeddefends over how much would come without strings connected, was much too little.
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The world’s most commemorated climate campaigner, Greta Thunberg, does not join Cops these days, and her post on X about Cop29 shows why. She says Cop29 is flunking and it “up to us as a global accumulateive to get the action we so franticly necessitate”.
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As the COP29 climate encountering is achieveing its end, it should not come as a surpascfinish that yet another COP is flunking. The current write is a finish catastrophe. But even if our foreseeations are seal to non-current, we must never ever discover ourselves reacting to these continuous betrayals with anyskinnyg but rage.
\n
The people in power are yet aget about to consent to a death sentence to the countless people whose lives have been or will be ruined by the climate crisis. The current text is filled of dishonest solutions and desoprocrastinateed promises. The money from the Global North countries necessitateed to pay back their climate debt is still nowhere to be seen.
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Those in power are degradeing the destabilisation and destruction of our life helping ecosystems. We are on track to experience the boilingtest year ever write downed, with the global greenhoengage gases achieveing an all time high fair last year.
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The COP processes aren’t fair flunking us, they are part of a bigr system built on infairice and summarizeed to give up current and future generations for the opportunity of a restrictcessitate to upgrasp making unimaginable profits and persist to utilize set upet and people.
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With every negotiation, with every speech made by a world directer and with every consentment they sign, it becomes evident that it is up to us as a global accumulateive to get the action we so franticly necessitate and show where the directership truly lies. They are not going to do it for us, as this COP29 yet aget shows.
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We are into obviousime at Cop29 in Baku and we are still defering for signs of agree. It could be a very extfinished Saturday in the Azeri capital, where a plenary is currently scheduled to get place at 10am local time.
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The lengthening world reacted with anger to a write $250bn climate finance center yesterday, neglecting it as a “joke” and far below the amount that is necessitateed. Behind the scenes, a discreet effort is underway to increase the proposeing from rich nations to originate confident the deal persists.
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The Guardian understands that the UN secretary ambiguous is ringing round capitals to push for a higher figure. The EU is among those uncover to $300bn but Japan, Switzerland and New Zealand do not want to lift the propose, it is understood. Let’s see who budges, if anyone.
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Among donor countries, there is anxiety about what Donald Trump’s return to the US plivency will uncomfervent for climate finance, and they do not want to overpledge to a figure they cannot hand over. This, joind with the potential of right prosperg rulements in France, Germany, Canada and elsewhere, uncomfervents that skinnygs are in the equilibrium in Baku.
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Key events
Mohamed Adow, at Power Shift Africa and a key voice at Cops, says the Cop29 finance deal is a “catastrophe” and “betrayal” of people and set upet.
“This Cop has been a catastrophe for the lengthening world. It’s a betrayal of both people and set upet, by wealthy countries who claim to get climate change solemnly.
“Rich countries have promised to “mobilise” some funds in the future, rather than provide them now. The cheque is in the mail. But lives and livelihoods in vulnerable countries are being lost now.
“The rich world staged a wonderful escape in Baku. With no authentic money on the table, and ambiguous and unaccountable promises of funds to be mobilised, they are trying to shirk their climate finance obligations. Leaving the world without the resources necessitateed to avert climate catastrophe.
“This has been a shamefilledy led summit by Azerbaijan which deserves to be a global embarrassment for the wealthy countries and the Cop plivent that supportd them to dodge their obligations.
Dharna Noor
The first to speak after the gavelling thcdisesteemful of the finance goal, fair before the recurrentative from India, was a negotiator for Cuba. He shelp he “proset uply repents the inadequate outcomes” of the finance negotiations.
The “scope of the decision,” he shelp, shows lengthened countries’ desire to “renounce” their responsibility to lengthening nations.
That responsibility is legpartner attaching, he shelp.
The finance goal does not rectify the “persistd vibrant of environmental colonialism,” he went on. And he shelp it provides “no secures of adequate help” for lengthening countries’ climate action set ups (NDCs)
His country has a “firm pledgement to persist dialogue” on this rerent, he shelp. And about rich countries, he shelp, “their climate debt must be phelp.”
He spoke two gong hits over his allotted time. Many stood, cheered, whooped and yelled in response.
The Indian recurrentative is speaking now and is absolutely furious. She accengages the plivency of gavelling thcdisesteemful the deal over people’s objections. She has called the deal ‘stage-regulated’ to whoops and hollers from other recurrentatives.
Reactions to the deal and the way it was made are already coming in:
Ani Dasgupta, Plivent and CEO, World Resources Institute:
“Despite convey inant headprosperds, negotiators in Baku eked out a deal that at least triples climate finance floprosperg to lengthening countries. The $300 billion goal is not enough, but is an vital downpayment toward a shieldedr, more equitable future. The consentment acunderstandledges how critical it is for vulnerable countries to have better access to finance that does not burden them with unupgraspable debt. And uncovers the door for a expansiveer set of countries to donate.
“The subparest and most vulnerable nations are rightfilledy disnominateed that wealthier countries didn’t put more money on the table when billions of people’s lives are at sget. According to directing economists, $300 billion by 2035 does not encounter the scale of what lengthening countries necessitate to trail a low-carbon economy and shield their citizens from mounting dcdisesteemfults, floods, and untamedfires.
A deal has been gavelled
We have a deal. The COP29 Plivent Mukhtar Babayev has fair bcdisesteemfult down his gavel on a financial deal which no one is very prentd with but which is, nonetheless, a deal.
As Babayev gavelled thcdisesteemful the deal there was extfinished standing applaengage, cheering, whistling. negotiators embracing.
Dharna Noor
The plenary has resumed.
As provisions on gender were gavelled thcdisesteemful — telledly a nervous subject thcdisesteemfulout Cop29 — the crowd broke out in applaengage.
My colleague Dharna Noor is inside the plenary hall, where converseions were presumed to resume.
She tells: More than half an hour ago, joinees took their seats once aget, foreseeing the plenary to reassemble.
Now, at 2:15 am, worried allots are milling about, civil society groups are chatting deafeningly, and some are even droping asleep.
Damian Carrington
The Climate Group, which toils with big business and state and regional rulements, is not usupartner outspoken, repartner does not appreciate the deal on the table in Baku. The group’s Dr Champa Patel, shelp:
“With this paltry $300bn a year pledgement, Cop29 has slammed the door in the face of lengthening countries. Azerbaijan’s deficiency of directership didn’t help, neither did embelderlyened petrostate interests.
“To originate matters worse, the [$300bn] center has no evident percentage for how much of this funding should be grants or concessions rather than loans. The science is basic: trillions – not billions – are necessitateed every year. Shoprosperg little directership, lengthened countries instead upgraspd a broken fossil fuel-based model.
“True climate fairice insists belderly action: ending fossil fuel subsidies, taxing the wealthiest, and resummarizeing global financial systems to hand over trillions in climate finance every one year. Brazil [the next host nation] now has an almighty task on its hands. Cop30 must hand over changeative action, not recycled or flunked promises. Anyskinnyg less hazards making these negotiations irrelevant in the fight for a liveable future.”
Damian Carrington
While the novel climate finance text “calls” on “all actors” to scale up finance to lengthening countries to at least $1.3tn a year by 2035, it only “chooses to set a goal” of at least $300bn a year by 2035, “with lengthened countries taking the direct”.
In an try to provide reassurance that progress to the $1.3tn will happen, the text “chooses to begin the ‘Baku to Belém Roadmap to 1.3T’, aiming at scaling up climate finance to lengthening countries to help low greenhoengage gas eleave outions and climate-strong lengthenment pathways and execute nationpartner choosed contributions and national changeation set ups, including thcdisesteemful grants, concessional and non-debt-creating instruments, and meaconfidents to originate fiscal space, taking into account relevant multiprocrastinateedral initiatives as appropriate”.
That very extfinished sentence may not be that reassuring. One civil society watchr, Brandon Wu at ActionAid USA, called it: “uncomferventingless gibberish, appreciate some finance bros vleave outed a bunch of random words that sound celderly”.
Adam Morton
You can see the novel texts here:
On climate finance, a first read discleave outs:
-
As flagged this morning, the core climate finance goal to help lengthening nations tackle the climate crisis has been lifted to $300bn a year by 2035, up from $250bn. This was the figure on the table when subpar and vulnerable countries walked out of a encountering on Saturday afternoon, wanting 30% of funding pledgeted to encountering their necessitates. That hasn’t happened but there are now more definite references to the least lengthened countries and minuscule island states. It says the finance goal necessitates to especipartner “mirror the evolving necessitates and priorities” of these groups of countries as they are “particularly vulnerable to the adverse effects of climate change and have meaningful capacity constraints”. It’s an indication they should be favoured. We’ll understand soon how they react.
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The text says lengthened countries will be “taking the direct”. Others will have their voluntary efforts recognised.
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The expansiveer $1.3tn goal remains in. It calls on “all actors” to toil together to scale up at least $1.3tn in funding from unveil and personal sources by 2035.
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On the thorny ask of the role of the convey inant emerging economies who were not think abouted lengthened when climate summits began in the 1990s – including China, India, Saudi Arabia and other gulf states – it says “inspires lengthening countries to originate contributions on a voluntary basis”.
-
The text recognises that parties can count “climate-roverhappinessed outflows” and “climate-roverhappinessed finance” mobilised by multiprocrastinateedral lengthenment prohibitks towards accomplishment of the $300bn goal. Watch this one seally – it might be a sticking point with the Indians, in particular.
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The text says the funding necessitates to be made aextfinishedside “uncomferventingful and driven” eleave outions cuts and changeation action.
Damian Carrington
The novel text on the UAE dialogue on executeing the global stockget (GST) outcomes is out – the GST is where the pledgement to “transitioning away from fossil fuels” was made last year at Cop28.
The novel text does not cltimely allude the transition away from fossil fuels, as many countries wanted, but oil-rich Saudi Arabia and allies did not.
Instead, it only refers to paragraph 28, in which the transition pledgement was made: “Redeclares the necessitate for proset up, rapid and upgrasped reductions in greenhoengage gas eleave outions in line with 1.5C pathways and calls on [countries] to donate to the global efforts referred to in paragraph 28.” That may be seen as backsliding on the pledgement.
The text also donates a increase to fossil gas, referred to as “transitional fuels”. It says: “Redeclares that transitional fuels can carry out a role in facilitating the energy transition while ensuring energy security.”
We’ll see what nations originate of that when the plenary commences.
Adam Morton
My colleagues Fiona Harvey and Dharna Noor are inside the plenary as ministers and allots accumulate in groups to converse the official texts that are now being freed by the plivency before the plenary re-commences. Britain’s Ed Miliprohibitd is in conversation with the Germans.
It sounds appreciate at least some progress has been made. Juan Carlos Monterrey Gómez, Panama’s climate envoy, telderly the Guardian the package on the table is “not perfect, but it’s someskinnyg, and we necessitate someskinnyg. I see the airy.”
He inserted: “I’m back to being chooseimistic.”
Adam Morton and Dharna Noor
Well. This is confusing. And everyone is repartner perplexd.
The Cop29 plivent Mukhtar Babayev commenceed the plenary by announcing people who have been elected to positions in UNFCCC-roverhappinessed bodies. Lots of rounds of applaengage.
Delegates in blazers and activists in keffiyehs persistd to trail in as he spoke. Germany’s Jennifer Morgan walked around in the back of the hall and stopped to talk to Rachel Kyte, the UK climate envoy.
After that an abrupt proclaimment that the plenary would be resumed procrastinateedr tonight. There were watchs of confusion on the floor, and the crowd burst out in chatter. Attendees began to whisper in confusion
The plivent then switched his microphone back on and shelp that they will necessitate 20-25 minutes to finalise the write downs.
Someone in the crowd shouted “what!”
And we’re defering aget.