2024-10-11 04:00:00
DESCRIBED – Azerbaijan‘s presidency at the upcoming United Nations climate conference on Thursday called on countries to find a compromise on this key issue in this year’s negotiations.
« Some progress », « there is a long way to go »…Observers are careful to use euphemisms to describe the progress of negotiations ahead of COP29. One month before the start of the world climate conference to be held in Baku, Azerbaijan, from 11 to 22 November, discussions are at a standstill on the topic that will be at the center of this meeting: money.
Last year in Dubai (United Arab Emirates), countries around the world committed – without a timetable – to achieving the energy transition away from fossil fuels. This year they will meet at another hydrocarbon exporter to talk about finance. Fifteen years ago, industrialized countries considered historically responsible for global warming committed to providing $100 billion per year between 2020 and 2025 to developing countries.
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The goal: to help them decarbonize their economy and adapt to the impacts…
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