Dubai Telegraph - COP29 talks stall from start with fight over agenda

EUR -
AED 4.317791
AFN 77.005164
ALL 96.202449
AMD 448.772549
ANG 2.104994
AOA 1078.125037
ARS 1690.956857
AUD 1.77062
AWG 2.119216
AZN 2.012494
BAM 1.956581
BBD 2.367245
BDT 143.637346
BGN 1.956721
BHD 0.443179
BIF 3487.154045
BMD 1.175709
BND 1.515305
BOB 8.151254
BRL 6.366001
BSD 1.175369
BTN 106.599559
BWP 15.523065
BYN 3.437272
BYR 23043.904009
BZD 2.363844
CAD 1.618781
CDF 2645.345799
CHF 0.935547
CLF 0.027402
CLP 1074.98592
CNY 8.285518
CNH 8.279157
COP 4490.998235
CRC 587.934726
CUC 1.175709
CUP 31.156299
CVE 110.740688
CZK 24.319725
DJF 208.947381
DKK 7.469558
DOP 74.481007
DZD 152.330677
EGP 55.758492
ERN 17.635641
ETB 182.293807
FJD 2.680026
FKP 0.879723
GBP 0.878508
GEL 3.168536
GGP 0.879723
GHS 13.526575
GIP 0.879723
GMD 86.417538
GNF 10216.91415
GTQ 9.003595
GYD 245.900264
HKD 9.149664
HNL 30.814999
HRK 7.533994
HTG 154.001483
HUF 384.613371
IDR 19578.265445
ILS 3.777378
IMP 0.879723
INR 106.727547
IQD 1540.179299
IRR 49509.122688
ISK 148.186181
JEP 0.879723
JMD 187.834991
JOD 0.833569
JPY 182.082704
KES 151.56071
KGS 102.815773
KHR 4707.540683
KMF 493.798125
KPW 1058.138081
KRW 1726.893581
KWD 0.360696
KYD 0.979483
KZT 606.222027
LAK 25471.743824
LBP 104460.550011
LKR 363.425093
LRD 208.39452
LSL 19.763274
LTL 3.471564
LVL 0.711175
LYD 6.372759
MAD 10.795951
MDL 19.839752
MGA 5302.448984
MKD 61.562247
MMK 2468.126608
MNT 4168.907096
MOP 9.422042
MRU 46.734885
MUR 54.023346
MVR 18.105958
MWK 2042.206891
MXN 21.140372
MYR 4.815115
MZN 75.096806
NAD 19.763664
NGN 1707.249917
NIO 43.151482
NOK 11.923439
NPR 170.559094
NZD 2.032008
OMR 0.452067
PAB 1.175369
PEN 3.963909
PGK 5.000585
PHP 69.175805
PKR 329.492369
PLN 4.218075
PYG 7894.151648
QAR 4.280727
RON 5.092467
RSD 117.387541
RUB 93.451775
RWF 1707.130032
SAR 4.411311
SBD 9.593841
SCR 16.471615
SDG 707.180049
SEK 10.913599
SGD 1.515913
SHP 0.882087
SLE 28.275401
SLL 24654.042324
SOS 671.917518
SRD 45.394351
STD 24334.810588
STN 24.925039
SVC 10.284106
SYP 12999.444626
SZL 19.764075
THB 36.999234
TJS 10.807507
TMT 4.114983
TND 3.423079
TOP 2.830826
TRY 50.201733
TTD 7.977185
TWD 36.850726
TZS 2918.68742
UAH 49.680534
UGX 4186.67148
USD 1.175709
UYU 46.058388
UZS 14255.4766
VES 314.431424
VND 30944.671097
VUV 142.410896
WST 3.263161
XAF 656.218988
XAG 0.018381
XAU 0.000273
XCD 3.177413
XCG 2.118246
XDR 0.81758
XOF 656.637422
XPF 119.331742
YER 280.347792
ZAR 19.732136
ZMK 10582.788909
ZMW 27.238875
ZWL 378.577943
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    0.4300

    81.6

    +0.53%

  • NGG

    1.1000

    76.03

    +1.45%

  • CMSC

    0.0000

    23.3

    0%

  • RYCEF

    0.0100

    14.65

    +0.07%

  • GSK

    0.4300

    49.24

    +0.87%

  • RELX

    0.7000

    41.08

    +1.7%

  • BTI

    0.6400

    57.74

    +1.11%

  • CMSD

    0.1150

    23.365

    +0.49%

  • AZN

    1.7300

    91.56

    +1.89%

  • BCE

    0.2161

    23.61

    +0.92%

  • JRI

    -0.0065

    13.56

    -0.05%

  • BCC

    -1.1800

    75.33

    -1.57%

  • VOD

    0.1100

    12.7

    +0.87%

  • RIO

    0.1600

    75.82

    +0.21%

  • BP

    -0.0100

    35.25

    -0.03%

COP29 talks stall from start with fight over agenda
COP29 talks stall from start with fight over agenda / Photo: Alexander NEMENOV - AFP

COP29 talks stall from start with fight over agenda

The COP29 talks opened Monday with calls for global cooperation and fresh warnings about climate disasters -- but proceedings quickly ground to a halt in a fight over the agenda.

Text size:

Donald Trump's re-election is already hanging over the talks in Baku where negotiators are meant to agree new funding for climate action in poorer countries.

As they opened, UN climate chief Simon Stiell told countries: "Now is the time to show that global cooperation is not down for the count."

And he warned rich countries struggling to agree a new funding target to "dispense with any idea that climate finance is charity."

"An ambitious new climate finance goal is entirely in the self-interest of every nation, including the largest and wealthiest."

But the official proceedings in the capital of oil- and gas-rich Azerbaijan stalled almost immediately.

"They're not going to resume until they resolve... the agenda," said Alden Meyer, senior associate at climate change think tank E3G.

The COP29 president "can't put negotiating teams to work" until they adopt it, he added.

- Trillions needed -

Negotiators must increase a $100 billion-a-year target to help developing nations prepare for worsening climate impacts and wean their economies off fossil fuels.

How much will be on offer, who will pay, and who can access the funds are some of the major points of contention.

Developing countries are pushing for trillions of dollars and insist money should be mostly grants rather than loans, but negotiators are tight-lipped over what final figure might emerge.

COP29 President Mukhtar Babayev acknowledged the need was "in the trillions" but said a more "realistic goal" was somewhere in the hundreds of billions.

"These negotiations are complex and difficult," the former executive of Azerbaijan's national oil company said at the opening of the summit.

Developing countries warn that without adequate finance, they will struggle to offer ambitious updates to their climate goals, which countries are required to submit by early next year.

"The global North owes the global South a climate debt," said Tasneem Essop, executive director of Climate Action Network.

"We will not leave this COP if the ambition level on the finance... doesn't match the scale at which finance must be delivered."

- Few G20 leaders -

The small group of developed countries that currently contributes the money wants the donor pool expanded to include other rich nations and top emitters, including China and the Gulf states.

That is firmly rejected by Beijing, with one Chinese official warning Sunday during a closed-door session that the talks should not aim to "renegotiate" existing agreements.

Just a handful of leaders from the Group of 20, whose countries account for nearly 80 percent of global emissions, are attending. US President Joe Biden is staying away.

Afghanistan will however be sending a delegation for the first time since the Taliban took power. They are expected to have observer status.

Diplomats have insisted that the absences, and Trump's win, will not detract from the serious work at hand.

The talks come with fresh warnings that the world is far off track to meet the goals of the Paris agreement.

The UN said Monday that 2024 is on track to break new temperature records, and the Paris climate agreement's goals were now "in great peril".

- Warmest decade -

The period from 2015 to 2024 will also be the warmest decade ever recorded, the UN's World Meteorological Organization said in a new report.

The climate deal commits to keep warming below 2 degrees Celsius compared to pre-industrial levels, preferably below 1.5C.

If the world tops that level this year, it would not be an immediate breach of the Paris deal, which measures temperatures over decades.

But it suggests much greater climate action is needed.

Last month, the UN warned the world is on a path towards a catastrophic 3.1C of warming this century based on current actions.

More than 51,000 people are expected at the talks, which run from November 11 to 22.

For the second year running the talks will be hosted by a country heavily reliant on fossil fuels, after the United Arab Emirates last year.

Azerbaijan has also been accused of stifling dissent by persecuting political opponents, detaining activists and suffocating independent media.

Y.I.Hashem--DT