Dubai Telegraph - Trump stalks global climate talks as COP29 draws near

EUR -
AED 3.865039
AFN 71.961868
ALL 97.885367
AMD 409.705534
ANG 1.898038
AOA 960.733931
ARS 1055.061215
AUD 1.613881
AWG 1.894109
AZN 1.787029
BAM 1.951539
BBD 2.126437
BDT 125.855234
BGN 1.956342
BHD 0.396578
BIF 3110.579445
BMD 1.052283
BND 1.414399
BOB 7.293078
BRL 6.086683
BSD 1.053191
BTN 88.848028
BWP 14.387453
BYN 3.446543
BYR 20624.740218
BZD 2.122845
CAD 1.469502
CDF 3014.78969
CHF 0.929776
CLF 0.037101
CLP 1023.776253
CNY 7.619996
CNH 7.625593
COP 4626.455438
CRC 534.824751
CUC 1.052283
CUP 27.885491
CVE 110.024795
CZK 25.350861
DJF 187.538784
DKK 7.458788
DOP 63.520417
DZD 140.573397
EGP 52.274979
ERN 15.78424
ETB 131.306162
FJD 2.388363
FKP 0.830585
GBP 0.832524
GEL 2.883571
GGP 0.830585
GHS 16.7185
GIP 0.830585
GMD 74.71233
GNF 9078.051459
GTQ 8.13025
GYD 220.338958
HKD 8.189863
HNL 26.613518
HRK 7.506205
HTG 138.346648
HUF 411.186809
IDR 16734.714279
ILS 3.929639
IMP 0.830585
INR 88.911049
IQD 1379.588093
IRR 44293.214291
ISK 145.520299
JEP 0.830585
JMD 166.933965
JOD 0.746386
JPY 162.676061
KES 136.007134
KGS 91.02957
KHR 4249.68174
KMF 491.94202
KPW 947.053999
KRW 1471.222726
KWD 0.323672
KYD 0.877684
KZT 523.167824
LAK 23125.51255
LBP 94319.785398
LKR 306.411046
LRD 190.622024
LSL 19.101997
LTL 3.107117
LVL 0.636515
LYD 5.138732
MAD 10.521031
MDL 19.167154
MGA 4930.189594
MKD 61.546561
MMK 3417.773046
MNT 3575.656436
MOP 8.443666
MRU 41.866002
MUR 48.839087
MVR 16.268296
MWK 1826.195708
MXN 21.380416
MYR 4.698412
MZN 67.293799
NAD 19.101997
NGN 1768.455747
NIO 38.755022
NOK 11.613586
NPR 142.154623
NZD 1.792324
OMR 0.40513
PAB 1.053101
PEN 3.996674
PGK 4.239684
PHP 62.126243
PKR 292.773138
PLN 4.342422
PYG 8247.914831
QAR 3.840515
RON 4.977085
RSD 117.020141
RUB 106.281009
RWF 1452.315514
SAR 3.95054
SBD 8.79238
SCR 14.332083
SDG 632.944958
SEK 11.610939
SGD 1.413951
SHP 0.830585
SLE 23.75528
SLL 22065.84631
SOS 601.88026
SRD 37.282669
STD 21780.126598
SVC 9.214882
SYP 2643.891613
SZL 19.091139
THB 36.458458
TJS 11.216013
TMT 3.682989
TND 3.324243
TOP 2.464553
TRY 36.27081
TTD 7.130433
TWD 34.270209
TZS 2791.031424
UAH 43.426878
UGX 3886.514989
USD 1.052283
UYU 45.021709
UZS 13526.469111
VES 48.861031
VND 26751.65603
VUV 124.929112
WST 2.937543
XAF 654.521833
XAG 0.033884
XAU 0.000395
XCD 2.843846
XDR 0.801343
XOF 654.521833
XPF 119.331742
YER 262.991742
ZAR 19.064031
ZMK 9471.810193
ZMW 29.146091
ZWL 338.834589
  • RBGPF

    59.6900

    59.69

    +100%

  • RYCEF

    -0.0800

    6.61

    -1.21%

  • SCS

    -0.0200

    13.07

    -0.15%

  • BCC

    -0.7700

    137.41

    -0.56%

  • CMSD

    -0.0836

    24.26

    -0.34%

  • JRI

    -0.0300

    13.23

    -0.23%

  • BCE

    -0.3100

    27

    -1.15%

  • CMSC

    -0.0450

    24.52

    -0.18%

  • RIO

    -0.0400

    62.39

    -0.06%

  • NGG

    -0.3100

    63.27

    -0.49%

  • RELX

    -0.1800

    45.11

    -0.4%

  • GSK

    -0.1100

    33.35

    -0.33%

  • BTI

    0.1500

    37.08

    +0.4%

  • AZN

    -0.6000

    63.2

    -0.95%

  • VOD

    0.0200

    8.94

    +0.22%

  • BP

    -0.0100

    29.08

    -0.03%

Trump stalks global climate talks as COP29 draws near
Trump stalks global climate talks as COP29 draws near / Photo: SAUL LOEB - AFP

Trump stalks global climate talks as COP29 draws near

The prospect of Donald Trump returning as president is hanging over crucial UN-sponsored climate negotiations, with countries "holding back" their positions until they know who sits in the White House.

Text size:

Veteran observers of climate diplomacy say uncertainty over the election outcome is stalking this November's COP29 summit, which starts just six days after voters decide between Trump and Kamala Harris.

The election lands awkwardly as governments try to build global consensus in coming months not just around climate but stronger protections for the environment and a treaty to address plastic pollution.

As president, Trump withdrew the United States from the Paris agreement on global warming -- Joe Biden later rejoined the accord -- and there are concerns over what his re-election might mean for climate action.

This year's negotiations hope to increase money for poorer countries to handle climate change, but some governments have not proposed a concrete dollar figure, wary of committing too soon.

"Everybody is holding back until they know who gets elected," said Mohamed Adow, a campaigner and head of research group Power Shift Africa.

This apparent wait-and-see approach has frustrated those seeking a new long-term commitment at COP29 from rich nations to pay the trillions of dollars needed for clean energy and climate adaptation in developing countries.

Ali Mohamed, chair of the African Group of Negotiators, accused developed countries of navel gazing and displaying "a lack of seriousness" at the bargaining table.

"The climate change situation really doesn't care about who is at the helm of the US, whether it is a Republican or a Democrat," he told AFP.

"Elections will come and go, but the problem is still there."

- Hedging bets -

The months of lead-up sessions to COP29, which is being hosted this year in Azerbaijan, have been painfully slow even by the plodding standards of global climate diplomacy, participants say.

With just two months to go, there still isn't an agreed definition of "climate finance" let alone how much should be paid, which countries should receive it and how, and who should be on the hook for it.

Wealthy donors historically obligated to pay, like the United States, European Union and Canada, have not put forward a figure, instead pushing for China and other big emerging economies to also chip in.

"Governments are holding back, and they're trying to hedge their bets. Many of them don't have a strong enough motive to move," said Tom Evans, policy advisor at E3G, a think tank.

The US election was "hanging over everyone, and it's hard to look past that sometimes".

Mohamed, who is Kenya's special climate envoy, described the latest round of discussions in Baku this month as "very disappointing".

"From the developed world, there's too much 'in-looking' and passing the buck," he said.

- Shaky ground -

Divisions between rich and poor countries over who should pay for the damaging costs of climate change have always been fraught.

But the EU's reluctance to talk numbers could be partly explained by anxiety over the US election, said Linda Kalcher, executive director of Strategic Perspectives, a European think tank.

Some developing countries are demanding north of $1 trillion annually, a 10-fold increase on existing pledges.

If elected, Trump could slash funding for the climate and Ukraine, leaving the EU –- which saw swings to the right in elections this year -- footing the bill.

"It's really a very shaky, and not necessarily fertile, political setting to talk about higher climate finance numbers, and I think especially the anticipation of the US election brings even bigger uncertainty," Kalcher told AFP.

"The moment they put a number in there, they will have higher pressure to actually stick to that number."

The United States has historically underpaid on climate finance and observers said a Trump victory would not stop a deal being reached.

But donors would nonetheless feel "pretty exposed" committing more cash if they couldn't count on Washington's support to pay its share and push China to do the same, Evans said.

"They (China) will not be under that pressure in a Trump scenario and similarly, other major emitters I think will feel a slight easing off of attention," he said.

Political leaders would be more pressed than usual at COP29 to make up for lost time, said Li Shuo, a Washington-based expert on climate diplomacy at the Asia Society Policy Institute.

He told AFP any progress until then would be incremental, at best.

"The real decisions... will only start to emerge after the US election."

A.Murugan--DT