Uzbekistan’s foreign exchange transactions surge 24% in first half of 2025
The total value of foreign currency transactions between banks and individuals in Uzbekistan reached 14.5 billion U.S. dollars in the first six months...
The Council of the European Union approved key conclusions that will guide its negotiations at the summit
The European Union is gearing up for the 29th United Nations Climate Change Conference (COP29) with a strong commitment to combat climate change. The Council of the European Union has approved key conclusions that will guide its negotiations at the summit, which will take place in Baku, Azerbaijan, from November 11 to 22, 2024.
The EU aims to secure an ambitious and balanced outcome at COP29, centered on limiting global warming to 1.5°C, boosting resilience, and agreeing on a new collective quantified goal (NCQG) for climate finance. These goals will be driven by the latest scientific evidence and a consensus among EU member states.
"Ambitious yet Balanced"
Hungarian Minister of State for Environmental Affairs and the Circular Economy, Anikó Raisz, emphasized the EU's leadership role in global climate efforts. "This ambitious yet balanced text, grounded in consensus among EU countries, will serve as the EU’s roadmap to Baku," she said. The EU is calling for global solidarity, especially with vulnerable countries and communities that bear the brunt of climate change.
Climate Finance and Global Cooperation
A central focus for the EU is reaching agreement on a new climate finance goal. The Council highlighted the need for a broad, transformative approach that includes both public and private investment, acknowledging that public funds alone will not be enough to meet the financial demands of the green transition. The new goal will reflect evolving economic realities and rising global emissions since the 1990s.
Strengthening National Climate Commitments
The EU is also pushing for greater ambition in the next round of nationally determined contributions (NDCs), which are set to be submitted by 2025. The Council has called on all nations, particularly major economies, to submit more aggressive climate action plans that include economy-wide reduction targets covering all greenhouse gases.
Mitigation, Adaptation, and a Just Transition
The Council’s conclusions stressed the need to scale up both mitigation and adaptation efforts in this critical decade. It called for the integration of climate resilience into existing policies and urged a transition away from fossil fuels in a just and equitable manner, in line with the goal of achieving net-zero emissions by 2050.
Looking back on the outcomes of last year's COP28, the EU underscored the importance of building on the global stocktake and continuing to track progress through dialogues like the UAE’s, to ensure that collective efforts align with the Paris Agreement.
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.
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.
Germany's export slump since 2021 is largely driven by deep-rooted competitiveness issues, the Bundesbank warned in its latest report, calling for urgent structural reforms.
Israeli researchers have unveiled an artificial intelligence tool that can determine a person’s true biological age from tiny DNA samples with remarkable precision.
Two Harry Potter actresses, Emma Watson and Zoe Wanamaker, have each received a six-month driving ban after separate speeding offences, both sentenced on the same day at a Buckinghamshire court.
China is battling an unprecedented power surge, as temperatures push electricity demand beyond 1.5 billion kilowatts. Officials warn the real test is still to come, with risks of power rationing looming.
Monsoon rains in northern India has pushed the death toll past 100, claiming the lives of 104 people in in Himachal Pradesh, injuring 189, and left 35 missing, according to officials.
The Brazilian government has responded to growing concerns over accommodation for participants of the upcoming UN Climate Change Conference, COP30, set to take place this November in the heart of the Amazon rainforest, in the city of Belém.
The International Air Transport Association on Wednesday stepped up criticism of the European Union's sustainable aviation fuel mandate as a costly initiative that is not helping the environment as regional supplies there remain low.
Brazil has announced the launch of a special electronic visa (e-visa) to facilitate international access for participants attending the 30th United Nations Climate Change Conference (COP30), scheduled to be held in Belém from 6th to 21st November 2025.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment