Thursday, November 14, 2024

COP29 Summit Live Updates: COP29 to kick off in Baku today with focus on climate finance goals

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China produces the most energy from climate-warming fossil fuels and also from renewable energy sources. It accounts for about 30% of the world’s annual carbon emissions, making China the biggest greenhouse gas polluter, according to a Reuters report.

The world’s second largest emitter, and largest historic emitter, comes to COP29 following an election that will put Donald Trump back in power in 2025.

The 27-country EU has not yet offered its position on some of the most divisive issues for COP29.

Britain’s Labour Party government, elected in July, plans to emphasise its climate commitment at COP29, after Energy Minister Ed Miliband described Britain as being “back in the business of climate leadership”.

Calling themselves “the troika,” the host countries of COP28, COP29 and COP30, last year said they were collaborating to ensure continuity in organising the annual U.N. climate talks.

As fast-developing and populous nations, Brazil, South Africa, India and China can have an outsized impact on the world’s ability to tackle climate change.

  • AFRICAN GROUP OF NEGOTIATORS

African countries will be pushing at COP29 for more climate finance and getting the Paris Agreement’s Article 6 on carbon market rules into force by early next year.

  • ALLIANCE OF SMALL ISLAND STATES

A powerful group of countries disproportionately affected by climate impacts, notably sea level rise, the AOSIS bloc is focused on securing trillions of dollars in climate financing and advancing global efforts to phase out fossil fuel use.



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