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news365timesindia · 1 day ago

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[ad_1] Baku: Wealthy nations have pledged to provide $300 billion annually by 2035 to help developing countries combat the escalating effects of the climate crisis, a historic but divisive outcome at the COP29 climate summit. While some hailed the agreement as progress, it drew sharp criticism from vulnerable nations, which described the funding as inadequate given the scale of the crisis. The deal was finalized early Sunday after over two weeks of intense negotiations, marked by protests and disagreements. Talks nearly collapsed when representatives from small island nations and least-developed countries staged a walkout Saturday, frustrated by insufficient financial commitments. Following 30 hours of extended discussions, negotiators reached an agreement that some described as a lifeline for poorer nations. “This is an insurance policy for humanity,” said Simon Stiell, head of the United Nations Framework Convention on Climate Change. “It has been a difficult journey, but we’ve delivered a deal.” The funding will support developing countries in addressing catastrophic climate impacts and transitioning to renewable energy. However, the pledged $300 billion falls far short of the $1.3 trillion economists estimate is necessary for developing nations to adequately tackle the climate crisis. India’s representative, Chandni Raina, dismissed the deal as “a paltry sum” and “an optical illusion” in a fiery post-agreement address. Tina Stege, climate envoy for the Marshall Islands, echoed this sentiment, calling the funding “a small portion” of what is urgently needed. Stege also accused fossil fuel interests of undermining the negotiations. “Fossil fuel interests have been determined to block progress,” she said in a statement. The agreement commits developed countries, including the U.S. and European nations, to provide the funding, with aspirations to eventually scale up to $1.3 trillion. However, developing countries pushed for more grants rather than loans to avoid deepening their debt burdens. Efforts to secure contributions from wealthier emerging economies like China and Saudi Arabia resulted in voluntary, non-binding pledges. “We have arrived at the boundary between what is politically achievable today in developed countries and what would make a difference in developing countries,” said Avinash Persaud, special advisor to the President of the Inter-American Development Bank. Fossil Fuel Influence and Political Tensions The summit faced criticism for the strong presence of fossil fuel lobbyists, with over 1,700 representatives attending—outnumbering many national delegations. Climate groups accused these interests of derailing meaningful progress. Saudi Arabia, a major oil exporter, openly opposed any mention of fossil fuels in the final text. The geopolitical climate also complicated talks. Concerns about the potential re-election of Donald Trump in the U.S. and its impact on future climate commitments loomed large. “This was meant to be the finance COP, but the Global North turned up with a plan to betray the Global South,” said Tasneem Essop, executive director of Climate Action Network. Harjeet Singh of the Fossil Fuel Treaty Initiative called the outcome “false hope” for communities already suffering the worst effects of climate change. A Fragile Step Forward The agreement arrives during a record-breaking year for extreme weather, underscoring the urgency of climate action. Still, critics view COP29 as falling short of its potential. Friederike Otto, a climate scientist at Imperial College London, described the summit as “another shady, oil-stained COP.” Despite widespread condemnation, the deal represents a fragile step toward addressing the global climate crisis. Yet, with mounting disasters and political challenges ahead, the path to meaningful action remains uncertain. Click here for Latest Fact Checked News On NewsMobile WhatsApp Channel For viral videos and Latest trends subscribe to NewsMobile YouTube Channel and Follow us on Instagram

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news365times · 1 day ago

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reportwire · 3 years ago

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Climate Change Is Killing Her Country. Who Will Decide if It Lives?

“We’re on the front of the front lines of vulnerability,” says Tina Stege. She would know: Stege is the climate envoy for the Marshall Islands, a country of roughly 60,000 people spread mostly among coral atolls halfway between Hawaii and Australia that is facing an imminent existential threat from climate change. In the Marshalls, sea-level rise has already led to increased flooding and the…

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bigbos25 · 3 years ago

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Marshall Islands could vanish if climate change is not tackled now, warns envoy

The Islands could vanish within 50 years if nothing is done to combat global warming, the nation’s climate envoy has warned.

Tina Stege said the islands are already feeling the effects of climate change, including longer and more intense droughts and rising sea levels, and she urged world leaders to act before they disappear. โปรแกรมโกงบาคาร่า

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kingkii5 · 3 years ago

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Marshall Islands could vanish if climate change is not tackled now, warns envoy

The Marshall Islands could vanish within 50 years if nothing is done to combat global warming, the nation’s climate envoy has warned.

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sciencespies · 5 years ago

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UN climate talks unravelling, face failure

https://sciencespies.com/environment/un-climate-talks-unravelling-face-failure/

UN climate talks unravelling, face failure

And yet, the Madrid summit is headed for failure

A UN climate summit in Madrid risked collapsing Saturday after all-night negotiations between countries left them more divided than ever over on how to fight global warming and pay for its ravages.

Diplomats from rich nations, emerging giants and the world’s poorest countries—each for their own reasons—found fault in a draft agreement put forward by host Chile in a botched attempt to strike common ground.

Faced with five-alarm warnings from science, deadly extreme weather made worse by climate change, and weekly strikes by millions of young people, negotiations in Madrid were under pressure to send a clear signal that governments are willing to double down in tackling the crisis.

But the 12-day talks, now deep into overtime, had retreated even further from this goal on Saturday.

“It appears that we are going backwards on the issue of ambition when we should be calling for a quantum leap in the other direction,” Marshall Islands climate envoy Tina Stege said.

“I need to go home and look my children in the eye and say we got an outcome that is going to ensure their future, and the future of all of our children,” she added, a catch in her voice.

Unprecedented disconnect

Veteran observers of UN climate talks were stunned by the state of play nearly 24 hours after the negotiations had been set to close.

‘It seems we prefer to look backward’

“I have never seen such a disconnect between what the science requires and the people of the world demand, versus what the climate negotiations are delivering,” Alden Meyer, strategy and policy director at the Union of Concerned Scientists, told AFP.

Under the Paris accord, countries agreed in 2015 to work to limit global temperature rises to “well below” two degrees Celsius through a series of voluntary action pledges that step up over time.

“The one thing in Paris that gave us hope was that the deal is going to be strengthened over time,” said Mohamed Adow, Director of Power Shift Africa, referring to the 196-nation Paris climate treaty.

“If that doesn’t come through, Madrid will have failed.”

The push for a strengthening of voluntary carbon cutting plans is led by small-island and least-developed states, along with the European Union.

Ministers from this “high ambition coalition” have called out countries they see as blocking a consensus call for all countries to step up, notably the United States, Australia and Saudi Arabia.

China and India, the world’s No. 1 and No. 4 carbon emitters, meanwhile, have made it clear they see no need to improve on their current emissions reduction plans, which run to 2030.

Demonstrators expressed their anger at the lack of protest in protests Friday

These emerging giants have chosen instead to emphasise the historical responsibility of rich nations to lead the way and provide financing to poor countries.

The COP 25 summit was also meant to finalise a chapter on carbon markets in the Paris rulebook, which goes into effect next year.

But a complicated wrangle over how to structure markets, and deal with carbon credits left over from the Kyoto Protocol, which expires at the end of 2020, have remained deadlocked, and may be punted to further talks next year.

‘Prove it’s worth it’

The United States, which is leaving the landmark Paris climate deal next year, was accused of acting as a spoiler on a number of issues vital to climate-vulnerable nations.

This included so-called “loss and damage” funding to help disaster-hit countries repair and rebuild.

“The US has not come here in good faith,” said Harjeet Singh, climate lead with charity ActionAid.

‘Time for this process to prove that it is worth something’

“They continue to block the world’s efforts to help people whose lives have been turned upside down by climate change.”

Even if nations in Madrid snatch victory from the jaws of defeat and agree to implement their pledges, Earth is on course to warm more than 3C by 2100.

“It is time for this process to prove that it is worth something,” said the delegation of Colombia.

“If there was one time in the history when I would say governments fucked up, I would say today in Madrid, governments fucked up,” Adow said.

“People across the world must rise to save the planet.”

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UN talks struggle to stave off climate chaos

Citation: UN climate talks unravelling, face failure (2019, December 14) retrieved 14 December 2019 from https://phys.org/news/2019-12-climate-unravelling-failure.html

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