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.
U.S. negotiators Steve Witkoff and Jared Kushner have arrived in Moscow for peace talks on the Russia-Ukraine conflict, two people familiar wi...
An Iranian tanker was hit by U.S. forces on Saturday near Iran's key oil export hub, Kharg Island, in the Gulf...
Spanish authorities are preparing a new site in Ceuta to accommodate hundreds of migrants who remain on the str...
U.S. negotiators Steve Witkoff and Jared Kushner will visit Russia then Ukraine over the weekend, Russian state news agency TASS has reported, citing an unnamed source. Ukrainian President Volodymyr Zelenskyy has also said American envoys will visit the capitals of both countries.
U.S. negotiators Steve Witkoff and Jared Kushner have arrived in Moscow for peace talks on the Russia-Ukraine conflict, two people familiar with the matter said. They were met by Russian Presidential Envoy Kirill Dmitriev.
U.S. efforts to squeeze Iran’s economy through an oil blockade and sanctions are becoming increasingly difficult for Tehran to withstand, according to three senior Iranian sources. Washington is escalating pressure in hopes of securing concessions in future negotiations.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 4th of September, covering the latest developments.
Two people have been rescued alive from a tunnel in Nepal, nine days after catastrophic floods devastated the country, as rescuers continue searching for survivors.
Vast flocks of storks passed through Türkiye and the Bosporus this week as part of their annual autumn migration from European breeding grounds toward Africa and the Middle East.
China's coastal areas and southern regions are preparing for days of intense precipitation, with tens of thousands of people evacuated as Typhoon Narra tracks inland and another storm churns toward the country's eastern seaboard.
A wildfire in Croatia driven by strong winds descended on the tourist town of Omis overnight, engulfing houses, forcing about 1,000 people to evacuate to safety and injuring dozens, fire brigade and health officials said on Friday.
Rhossi, a rare Kemp’s ridley sea turtle that washed up near death on a Welsh beach in 2023, has returned to Texas after more than two years of rehabilitation in the UK.
Glacier coverage in Kyrgyzstan’s Issyk-Kul Basin has shrunk by 33.7 per cent over the past 70–90 years, according to an updated glacier inventory by Kyrgyzhydromet. The agency says the pace of glacier retreat has accelerated sharply in recent years.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment