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

EUR -
AED 4.308724
AFN 77.53857
ALL 96.624273
AMD 447.449324
ANG 2.100573
AOA 1075.861168
ARS 1684.86077
AUD 1.766091
AWG 2.111833
AZN 1.988896
BAM 1.954268
BBD 2.36005
BDT 143.197773
BGN 1.953631
BHD 0.441754
BIF 3463.356168
BMD 1.173241
BND 1.513301
BOB 8.096654
BRL 6.357821
BSD 1.171782
BTN 105.96795
BWP 15.525832
BYN 3.454393
BYR 22995.513884
BZD 2.356653
CAD 1.615218
CDF 2628.058653
CHF 0.934175
CLF 0.027299
CLP 1070.938431
CNY 8.276619
CNH 8.270131
COP 4461.223553
CRC 586.140628
CUC 1.173241
CUP 31.090873
CVE 110.17865
CZK 24.273936
DJF 208.666463
DKK 7.469236
DOP 74.491619
DZD 151.490982
EGP 55.654426
ERN 17.598608
ETB 183.089309
FJD 2.665371
FKP 0.877875
GBP 0.878183
GEL 3.177275
GGP 0.877875
GHS 13.451458
GIP 0.877875
GMD 85.646688
GNF 10190.926274
GTQ 8.974966
GYD 245.147872
HKD 9.130451
HNL 30.849822
HRK 7.534556
HTG 153.58832
HUF 384.730253
IDR 19546.304125
ILS 3.784774
IMP 0.877875
INR 106.419599
IQD 1534.996987
IRR 49419.822308
ISK 148.384759
JEP 0.877875
JMD 187.612963
JOD 0.831772
JPY 181.906836
KES 151.641831
KGS 102.599728
KHR 4691.283347
KMF 492.162008
KPW 1055.916087
KRW 1726.335387
KWD 0.359835
KYD 0.976535
KZT 611.12105
LAK 25403.09101
LBP 104931.962394
LKR 362.076232
LRD 206.817912
LSL 19.769406
LTL 3.464274
LVL 0.709681
LYD 6.365012
MAD 10.780151
MDL 19.808476
MGA 5190.931747
MKD 61.501538
MMK 2462.943764
MNT 4160.152767
MOP 9.396136
MRU 46.894248
MUR 53.910621
MVR 18.092247
MWK 2031.907547
MXN 21.128747
MYR 4.798387
MZN 74.982124
NAD 19.769406
NGN 1701.257622
NIO 43.125834
NOK 11.885683
NPR 169.54912
NZD 2.030334
OMR 0.449118
PAB 1.171782
PEN 3.945108
PGK 5.050998
PHP 69.34788
PKR 328.388334
PLN 4.222082
PYG 7870.831447
QAR 4.270553
RON 5.091161
RSD 117.287579
RUB 93.312766
RWF 1705.463389
SAR 4.402231
SBD 9.593296
SCR 17.555092
SDG 705.707555
SEK 10.878268
SGD 1.514266
SHP 0.880234
SLE 28.304461
SLL 24602.271054
SOS 668.4761
SRD 45.226102
STD 24283.709675
STN 24.480605
SVC 10.252965
SYP 12972.146962
SZL 19.762512
THB 36.923643
TJS 10.76856
TMT 4.118074
TND 3.425515
TOP 2.824882
TRY 50.099481
TTD 7.951768
TWD 36.702469
TZS 2903.770373
UAH 49.510497
UGX 4164.736
USD 1.173241
UYU 45.983961
UZS 14116.876116
VES 313.771147
VND 30873.23725
VUV 142.111846
WST 3.256309
XAF 655.443314
XAG 0.018645
XAU 0.00027
XCD 3.170741
XCG 2.111845
XDR 0.815161
XOF 655.443314
XPF 119.331742
YER 279.815677
ZAR 19.775323
ZMK 10560.576536
ZMW 27.038809
ZWL 377.782964
  • SCS

    0.0200

    16.14

    +0.12%

  • CMSD

    -0.1500

    23.25

    -0.65%

  • BCE

    0.3100

    23.71

    +1.31%

  • GSK

    -0.0700

    48.81

    -0.14%

  • NGG

    0.2400

    74.93

    +0.32%

  • BCC

    0.2500

    76.51

    +0.33%

  • CMSC

    -0.1300

    23.3

    -0.56%

  • JRI

    -0.0200

    13.7

    -0.15%

  • RBGPF

    0.0000

    81.17

    0%

  • AZN

    -0.4600

    89.83

    -0.51%

  • BTI

    -1.2700

    57.1

    -2.22%

  • RIO

    -1.0800

    75.66

    -1.43%

  • RYCEF

    -0.2500

    14.6

    -1.71%

  • RELX

    0.1000

    40.38

    +0.25%

  • BP

    -0.2700

    35.26

    -0.77%

  • VOD

    0.0500

    12.59

    +0.4%

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