Trump signs order ending US sanctions on Syria, Damascus welcomes move
U.S. President Donald Trump signed an executive order on Monday ending the U.S. sanctions programme on Syria, the White House confirmed....
Baku, Azerbaijan – Our exclusive information highlights that the COP29 negotiations are on the verge of collapse as talks enter their final, high-stakes hours. Key figures, including German Foreign Minister Annalena Baerbock, EU Commissioner Wopke Hoekstra, and approximately 10 EU delegation heads, remain in Baku. Adding to the urgency, Saudi Arabia’s Minister of Energy has also returned to the negotiating table.
Deep Divides and Mounting Frustration
Exclusive insights reveal that a significant divide persists between the Global North and Global South. Developing nations, particularly Small Island Developing States (SIDS) and the African bloc, have expressed deep frustration, accusing developed countries of failing to honor their financial commitments. They have categorically rejected any New Collective Quantified Goal (NCQG) figure below $600 billion.
In a move that has intensified the tension, our sources confirm the Western bloc proposed an NCQG figure of $250 billion at the eleventh hour, with a maximum offer of $300 billion. This proposal, coupled with what many developing nations view as excessive demands, has been described by insiders as “too little, too late.”
Countries like Saudi Arabia, Russia, China, and India have also voiced strong opposition to the Western bloc’s mitigation proposals, perceiving them as a deliberate attack on the oil and gas industry. These divisions have left the talks in a precarious state.
All of this clearly reflects the growing geopolitical fragmentation in the world, with major powers struggling to bridge their differences and work towards a unified goal.
Time Running Out
The urgency to reach an agreement is palpable. Delegates have until the end of the day to finalize a deal, or many will begin leaving the venue. A quorum of at least 60 delegates is required for a plenary session, and under UN regulations, Azerbaijan cannot keep the COP29 venue open indefinitely.
Regardless of whether an agreement is reached, our sources indicate that a final plenary session is likely to convene around 3 PM today. This session may proceed with or without a finalized text, underscoring the pressure mounting on all parties.
A Unified Stand by Developing Nations
Developing nations have demonstrated remarkable solidarity in rejecting the Western bloc’s proposals. They view these offers as inadequate and counterproductive, hindering the possibility of reaching a compromise. Their collective frustration highlights the broader challenges of achieving equitable solutions in global climate negotiations.
As the clock ticks down, the fate of COP29 remains uncertain. The outcome of these negotiations will not only shape the future of climate action but will also send a powerful message about the global community’s ability—or inability—to overcome divisions and confront the shared challenges of our time.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
The Russian government has approved the creation of the Black Sea State Nature Biosphere Reserve, according to a decree published Sunday on the government’s official website. Black Sea Biosphere Reserve is the largest nature reserve in Ukraine which is now under Russian occupation.
Over a third of Tuvalu's population has applied for Australia's climate visa, as rising sea levels threaten to submerge the Pacific nation within decades.
Heatwaves gripping Europe have pushed temperatures above 40°C, fueling wildfires and triggering weather alerts across several countries.
Greek firefighters are battling a large wildfire south of Athens as the country faces its first major heat wave of the summer, with temperatures nearing 40°C and strong winds fuelling the flames.
China has surpassed its 2030 renewable energy target six years ahead of schedule and now leads the world in clean energy investment, innovation, and deployment, transforming itself into a global powerhouse in the transition to a sustainable energy future.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment