EU hails Armenia-Azerbaijan peace deal in Washington
The European Union warmly welcomes the meeting between Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan, hosted by U.S. ...
The COP29 UN Climate Change Conference, held in Baku concluded with a landmark agreement to increase public climate finance for developing countries to $300 billion annually by 2035
The COP29 UN Climate Change Conference, held in Baku, Azerbaijan, concluded with a landmark agreement to increase public climate finance for developing countries to $300 billion annually by 2035. This forms part of a broader goal to scale up public and private funding to $1.3 trillion per year by the same date, under the New Collective Quantified Goal on Climate Finance (NCQG).
Simon Stiell, UN Climate Change Executive Secretary, emphasized the significance of the deal: “This agreement is an insurance policy for humanity amid worsening climate impacts.” He called for commitments to be met promptly to protect lives and support the global transition to clean energy.
Key Outcomes
Carbon Markets: After years of negotiation, rules were finalized for carbon trading under the Paris Agreement, ensuring transparency, environmental integrity, and protections for Indigenous Peoples.
Transparency: Enhanced climate reporting advanced significantly, with new tools supporting the submission of Biennial Transparency Reports (BTRs).
Adaptation: A roadmap was adopted to accelerate National Adaptation Plans (NAPs), alongside initiatives to strengthen the role of Indigenous Peoples and local communities.
Gender Equality: The Lima Work Programme on Gender and Climate Change was extended for 10 years, with a new gender action plan set for COP30.
Civil Society Participation: COP29 saw record attendance and meaningful engagement from children, youth, and marginalized communities.
While progress was celebrated, Stiell acknowledged unmet expectations and underscored the need for intensified efforts leading to COP30 in Brazil. The outcomes signal a step forward in achieving the goals of the Paris Agreement and addressing the climate crisis collaboratively.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
Wildfires driven by powerful winds swept through Greece on Friday, from the southern outskirts of Athens to the region near Ancient Olympia.
The residents of Pingtou, a small village in China's southern Guangdong province, are grappling with the worst floods in living memory. While the region is accustomed to typhoons and seasonal downpours, this week’s flooding has shocked even the oldest villagers.
A growing number of extreme climate events are inflating food prices around the world, with new research showing that key crops such as coffee, cocoa, rice and vegetables have seen sharp increases due to weather shocks.
The Great Barrier Reef has suffered its most significant coral decline in nearly four decades, according to a report released on Wednesday by the Australian Institute of Marine Sciences (AIMS).
Torrential monsoon rains continue to wreak havoc across northern and eastern India, with widespread flooding reported in Uttar Pradesh and West Bengal. Overflowing rivers, submerged streets, and landslides have left residents stranded and local infrastructure overwhelmed.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment