Exploring the intersection of climate change and non-economic loss and damage.
Getting a deal on the money has proved slow-going at the talks in Azerbaijan's capital of Baku, and the latest draft of the negotiating text arrived several hours later than scheduled as delegates entered, in theory, the closing 48 hours.
The talks, which began on Nov. 11, are due to end on Friday at 1400 GMT, but COP summits have a history of running long.
Planet-warming carbon dioxide emissions from oil, gas and coal rose to a new record high this year, according to preliminary research from an international network of scientists at the Global Carbon Project.
A group of lenders, including the World Bank, announced a joint goal on Tuesday of increasing this finance to $120 billion by 2030, a roughly 60% increase on the amount in 2023.
Landing a new accord to boost money for climate action in developing countries is the top priority of negotiators at the UN COP29 summit in Azerbaijan.
The Global Carbon Budget report, published during the U.N.'s COP29 climate summit in Azerbaijan, said global CO2 emissions are set to total 41.6 billion metric tons in 2024, up from 40.6 billion tons last year.
"Oil, gas, wind, sun, gold, silver, copper, all... are natural resources and countries should not be blamed for having them and should not be blamed for bringing these resources to the market, because the market needs them."
"Many of you have been reporting on the climate implications of political events in the last weeks. I'll just say this: our process is strong. It's robust, and it will endure," Simon Stiell told reporters at the COP29 talks in Baku.
Exploring the intersection of climate change and non-economic loss and damage.
Getting a deal on the money has proved slow-going at the talks in Azerbaijan's capital of Baku, and the latest draft of the negotiating text arrived several hours later than scheduled as delegates entered, in theory, the closing 48 hours.
The talks, which began on Nov. 11, are due to end on Friday at 1400 GMT, but COP summits have a history of running long.
Planet-warming carbon dioxide emissions from oil, gas and coal rose to a new record high this year, according to preliminary research from an international network of scientists at the Global Carbon Project.
A group of lenders, including the World Bank, announced a joint goal on Tuesday of increasing this finance to $120 billion by 2030, a roughly 60% increase on the amount in 2023.
Landing a new accord to boost money for climate action in developing countries is the top priority of negotiators at the UN COP29 summit in Azerbaijan.
The Global Carbon Budget report, published during the U.N.'s COP29 climate summit in Azerbaijan, said global CO2 emissions are set to total 41.6 billion metric tons in 2024, up from 40.6 billion tons last year.
"Oil, gas, wind, sun, gold, silver, copper, all... are natural resources and countries should not be blamed for having them and should not be blamed for bringing these resources to the market, because the market needs them."
"Many of you have been reporting on the climate implications of political events in the last weeks. I'll just say this: our process is strong. It's robust, and it will endure," Simon Stiell told reporters at the COP29 talks in Baku.
Here is some of the latest climate research
