COP29 Archives - Career Meaning

COP29 climate talks conclude with $300 billion annual pledge, but developing nations call deal ‘an insult’

·November 24, 2024·4 min read

After two weeks of intense negotiations, delegates at COP29, formally the 29th Conference of Parties to the UN Framework Convention on Climate Change (UNFCCC), agreed to provide this funding annually, with an overall climate financing target to reach “at least $1.3 trillion by 2035”. Countries also agreed on the rules...

COP29 draft deal proposes wealthy nations give $250 billion in climate finance

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·November 22, 2024·2 min read

The new draft outcome text, which will surely push this round of talks into the weekend, called for the overall climate financing goal to reach “at least $1.3 trillion by 2035”, but left out specifics – grants, loans, or from the private sector – on how these funds will be...

COP29 countdown: Failure on climate finance ‘not an option’, says Guterres

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·November 21, 2024·7 min read

Having just returned from the G20 Summit in Rio, Mr. Guterres shared the resounding message he delivered there: an ambitious climate finance goal is not only essential, but urgent. “Failure is not an option,” he emphasized, warning that the result of inaction could be catastrophic. Just 24 hours before COP29...

Baku talks heat up: New climate finance deal, urban challenges in COP29 spotlight

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·November 21, 2024·6 min read

The source of the hundreds of billions, if not trillions, of funds that developing nations say will be needed to adapt to a fast-changing climate – governments, multilateral banks, or the private sector – has become a major subject of contention during the last eight days. The good, the bad...

COP29 gets boost from Rio as G20 leaders back scaling up climate finance from ‘billions to trillions’

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·November 19, 2024·1 min read

While the statement from the world’s leading economies – and biggest emitters – stopped short of explicit reference of ‘transitioning away from fossil fuels’, to which all nations agreed last year at COP28 in Dubai, the G20 leaders did ‘welcome the balanced, ambitious outcome’ of those talks. The G20 communique...

‘Cut the theatrics’: UN climate chief tells COP29 negotiators to focus on solutions as talks enter final week

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·November 18, 2024·3 min read

“We can’t lose sight of the forest because we’re tussling over individual trees,” said Simon Stiell, urging delegates to wrap up “less contentious issues” as early as possible this week, so there is enough time for the major political decisions. COP29 opened in the Azerbaijan capital this past Monday with...

COP29: Governments, industry must stop ‘lip-service’ on methane and slash emissions, says UNEP

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·November 17, 2024·2 min read

That message comes after a new UN report revealed that, over the past two years, a sophisticated system that detects significant methane leaks has sent 1,200 notifications to governments and businesses, but only one per cent of those notifications have been answered. “We now have a proven system to identify...

COP29: Digital tech and AI can boost climate action, but curbing the sector’s emissions is key

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·November 17, 2024·2 min read

On the first-ever ‘Digitalisation Day’ for a UN climate conference, the COP29 Declaration on Green Digital Action received endorsements from more than 1,000 governments, companies, civil society organizations, international and regional organizations, and other stakeholders. Pluses and minuses According to the UN International Telecommunications Union (ITU), which organized today’s digital...

Will COP29 deliver the trillions needed to tackle the man-made climate crisis?

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·November 16, 2024·6 min read

Can countries agree on a new climate finance target? The UN’s main climate science body, the Intergovernmental Panel on Climate Change (IPCC), has issued increasingly dire warnings about the accelerating pace of global warming. To limit temperature rise to 1.5°C above pre-industrial levels, substantial investments are needed in clean energy...

COP29: ‘You have every right to be angry’ Guterres tells youth advocates frustrated over lack of climate action

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·November 15, 2024·3 min read

“You have every right to be angry. I am angry too,” the UN chief posted on social media on Thursday following his meeting with youth representatives and young environmental activists. “I am angry because we are on the verge of the climate abyss, and I don’t see enough urgency or...

COP29: ‘Now is the time to fast-track, not backtrack’ on the path to net-zero

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·November 14, 2024·2 min read

“We need a massive global effort to steer our world onto a path to safety; you are out in the front…helping consumers, investors and regulators understand what credible net-zero looks like,” said the Secretary-General. As violent weather inflicts human tragedy and economic destruction worldwide and with efforts to limit the rise...

COP29 climate talks: Major emitters must right ‘colossal injustice’ on island nations, says UN chief

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·November 14, 2024·2 min read

“You have every right to be angry, and I am too. You are on the sharp end of a colossal injustice. An injustice that sees the very future of your islands threatened by rising seas; your people pounded by record hurricanes; your economies torn apart,” Mr. Guterres said. Addressing the...