The Global South NGO platform’s first side event held in Bonn
The first side event of the Global South NGO Platform, initiated by Azerbaijan, was held in Bonn, Germany this week.
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.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
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.
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.
The U.S. Embassy in Qatar has advised American citizens to shelter in place amid rising tensions between Israel and Iran, as part of a broader global security alert issued by Washington.
In a televised address on Saturday night, U.S. President Donald J. Trump announced that American forces, in coordination with Israel, had conducted precision strikes on Iran’s Fordow, Natanz, and Isfahan nuclear sites, aiming to dismantle Tehran’s enrichment capabilities.
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.
New research highlights that naturally-regenerating forests, often overlooked in climate policies, could remove carbon up to eight times faster than newly planted trees.
Azerbaijan has been elected Chair of the United Nations Environment Programme’s (UNEP) key decision-making body, marking a first for the country and strengthening its role in global environmental policy.
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