Evidence suggests that both the extent of change and the associated income losses are likely to be higher than expected
To hit $2.6 trillion - approaching the annual economic output of France - the world needs to close an annual gap of $278 billion, after just $66 billion was invested in 2022, the UN said
Unusually for a UN climate summit, COP29 was mainly about climate finance, and yet the finance mandarins were missing
India has gained traction from its negotiator's astringent rejection of the deal and advocacy for the Global South
Policymakers are missing a key point - there are few new and scaled-up technology solutions to mitigate climate change
UN Climate Change chief Simon Stiell lauded the passage and said that carbon markets would enable flow of $250 billion in annual financing
The agreement, clinched roughly a decade after international talks on forming the market began, hinged on how to ensure credibility in the system so it can reliably lead to reductions in greenhouse
The final version not only keeps the role of public financing ambiguous but also tries to put the burden of making contributions on developing countries
UN climate chief Simon Stiell on Thursday issued a strong call for global unity and ambition to secure a groundbreaking finance goal to support climate action in the developing world, saying, "Failure is not an option." As negotiators raced against time to resolve outstanding issues related to the critical objective of COP29, Stiell said a major push was needed to bring discussions to the finishing line. "It might jeopardise both near-term action, and ambition in the preparation of the new national climate action plans, with potential devastating impacts as irreversible tipping points are getting closer, he said. On draft climate finance text released earlier in the morning, the UN climate chief said that despite areas of convergence, significant differences remain. A surge in finance is essential: To ensure all parties can deliver new national plans aligned with 1.5 degrees as they must, he said. Stiell warned that delays at COP29 could complicate the road to COP30 in Brazil nex
A new draft text released early Thursday which will form the basis of any deal reached at United Nations climate talks on money for developing countries to transition to clean energy and adapt to climate change left out a crucial sticking point: how much wealthy nations will pay. Negotiators at the talks known as COP29 in Baku, Azerbaijan, are trying to close the gap between the $1.3 trillion the developing world says is needed in climate finance and the few hundred billion that richer nations have been prepared to pay. But the draft text "presents two extreme ends of the aisle without much in between", said Li Shuo, Asia Society Policy Institute Director. Other than capturing the ground standing of both sides, this text hardly does anything more. Rob Moore, Associate Director at European think tank E3G said that negotiators need to make a huge amount of progress over the next few days and the road to agreement will need to see rapid and candid engagement, with numbers on the ...
India remained in the top 10 on a list of 63 countries assessed for efforts to combat climate change, despite dropping two spots compared to an year ago, thanks to its low per-capita emissions and rapid deployment of renewables, a report said on Wednesday. The Climate Change Performance Index (CCPI 2025) -- published by think tanks Germanwatch, New Climate Institute, and Climate Action Network International -- tracks the progress of the world's largest emitters in terms of emissions, renewables, and climate policy. The 63 countries, along with the European Union, assessed in the CCPI are responsible for 90 per cent of global emissions. India ranks 10th in this year's CCPI, remaining among the highest performers. The CCPI report, however, noted that significant changes in India's climate policy are unlikely. The growth-oriented approach to climate action is expected to continue or intensify, driven by rising energy demand from industry and the growing population, it said. The repor
The talks, which began on Nov. 11, are due to end on Friday at 1400 GMT, but COP summits have a history of running long
G20 leaders call for ceasefire in Gaza and Lebanon, peace in Ukraine
Extreme heat ruined the pineapples on Esther Penunia's small farm in the Philippines this year, more disappointment than catastrophe since Penunia doesn't depend on the farm for a living. But Penunia worries about the millions of small farmers in her part of the world who do depend on rice paddies, coconut groves and vegetable patches that are all threatened by climate change. That's why she's hoping that countries at this year's United Nations climate summit will dedicate some of the money for fighting climate change to agriculture and the family farmers who feed most of the people in many parts of the world. You don't help small farmers, where will you get your food from?" wondered Penunia, secretary general of the Asian Farmers Association. "Who will farm for you? Who will catch the fish, who will get the honey, who will plant your vegetables? Many countries, especially in the Global South, need money to help pay for the months of recovery when typhoons wreck fields, to insure .
India emphasised that this ambitious, action-oriented approach depends on bold commitments from parties responsible for leading economy-wide emission reductions
A new NDC, which forms the basis of climate finance, must be submitted by next February, according to the UN Framework Convention on Climate Change (UNFCCC)
At COP29 in Baku, India has expressed frustration with developed countries for not seriously discussing how to support climate action in developing nations, saying it is impossible to tackle climate change without financial and technological help. Delivering a statement in the closing plenary of the subsidiary bodies' meeting on the Mitigation Work Programme (MWP) on Saturday, India said that developed countries, which have historically contributed the most to greenhouse gas emissions and have more resources and the ability to act on climate change, have repeatedly delayed climate action and continuously shifted goalposts. "We have seen no progress in matters that are critical for developing countries (during the last week). Our part of the world is facing some of the worst impacts of climate change, with far lower capacity to recover from those impacts or to adapt to the changes to the climatic system for which we are not responsible, India's deputy lead negotiator, Neelesh Sah, ...
Hundreds of activists formed a human chain outside one of the main plenary halls at the United Nations climate summit on what is traditionally their biggest protest day during the two-week talks. The demonstration in Baku, Azerbaijan will be echoed at sites around the world in a global day of action for climate justice that's become an annual event. Activists waved flags, snapped their fingers, and hummed and mumbled chants in a silent protest, with many covering their mouths with the word Silenced. Demonstrators held up signs calling for more money to be pledged for climate finance, which involves cash for transitioning to clean energy and adapting to climate change. It comes as negotiators at the venue try to hammer out a deal for exactly that but progress has been slow and observers say the direction of any agreement is still unclear. Tired but inspired, activists vow to keep fighting' Lidy Nacpil said protestors like her are not surprised about how negotiations are going. Bu
Terming bolder climate action as self-preservation for every G20 economy, UN climate chief Simon Stiell on Saturday urged the grouping's leaders headed to Rio de Janeiro to carry out rapid cuts in emissions to prevent climate-driven economic carnage. Prime Minister Narendra Modi, Chinese President Xi Jinping and US President Joe Biden will be among the leaders attending the G20 Summit on November 18 and 19. In an address at the COP29 here in Azerbaijan's capital, Stiell, the Executive Secretary, United Nations Framework Convention on Climate Change (UNFCCC), said that G20 was created to tackle problems that no one country, or group of countries, can tackle alone. On that basis, the global climate crisis should be the priority in Rio next week, he added. Climate impacts are already ripping shreds out of every G20 economy, wrecking lives, pummelling supply chains and food prices, and fanning inflation, Stiell said. Bolder climate action is basic self-preservation for every G20 econo
Delegates struggled for hours on the opening day to agree an agenda and the mood has been soured by doubts about the United States' future role under a Donald Trump presidency, diplomatic spats