Tuesday, 3 December 2024
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Karin Strohecker

FILE PHOTO: An activist holds a balloon in the form of the globe during a protest action at the COP29 United Nations climate change conference, in Baku, Azerbaijan November 21, 2024.
AnalysisClimate FinanceElectionsEmissionsUnited Nations

Contentious COP29 deal shows climate cooperation fraying at edges

Among the biggest factors clouding the negotiations at COP29 was the return of climate skeptic Donald Trump as president of the U.S.

FILE PHOTO: COP29 President Mukhtar Babayev speaks during a closing plenary meeting at the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan November 24, 2024.
AnalysisBusinessClimate FinanceElectionsEmissionsUnited NationsVoluntary Carbon Markets (VCMs)

Business seeks details in face of mixed COP29 climate messages

If nations deliver clear climate policies next year, COP29 finance and carbon market deals could unlock billions in the business world.

A screen displays Chandni Raina of India as she speaks during a closing plenary meeting at the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan November 24, 2024. REUTERS/Maxim Shemetov
Climate FinanceCoalEmissionsEnvironmentNewsOilWeather

Rich countries raise COP29 climate finance offer to $300B as developing nations fume

Wealthy nations at COP29 agree to raise their climate funding offer to $300 billion annually by 2035 for developing countries.

A view shows a venue of the COP29 United Nations climate change conference, in Baku, Azerbaijan November 20, 2024. REUTERS/Aziz Karimov
BiodiversityClimateEmissionsEnvironmentIndigenousNewsPoliticsUnited Nations

At COP29, more than 50 countries sign UN sustainable tourism declaration

Over 50 nations pledge at COP29 to align tourism with climate goals, addressing its 8.8 per cent emissions impact through reforms.

A man stands next to the logo of the COP29 United Nations climate change conference, in Baku, Azerbaijan November 20, 2024. REUTERS/Maxim Shemetov/File Photo
ClimateClimate FinanceEmissionsEnvironmentNewsPolitics

Climate finance talks face ‘hardest’ stage as COP29 nears end-game

COP29 finance talks heat up as negotiators tackle funding for climate adaptation, clean energy, and emission cuts amid a Friday deadline.

COP29 President Mukhtar Babayev speaks at a press conference, during the United Nations climate change conference COP29 in Baku, Azerbaijan.
BusinessClimateClimate FinanceEmissionsFuelNews

Summit host Azerbaijan warns COP29 cannot succeed without G20 boost

COP29 host in Azerbaijan urges G20 leaders to prioritize climate action as they meet in Brazil.

FILE PHOTO: An employee holds a diesel fuel pump nozzle at a petrol station of Neftmagistral company in Moscow, Russia, September 8, 2023. REUTERS/Maxim Shemetov/File Photo
ClimateEconomyEmissionsFuelNewsOilPolitics

Explainer: A trillion dollar question — fossil fuel subsidies

Governments around the globe are ploughing billions of dollars into fossil fuel subsidies.

Climate activists project a message onto the Embassy of Azerbaijan ahead of COP29 climate talks, in London, Britain, November 7, 2024. REUTERS/Chris J. Ratcliffe/File Photo
ClimateClimate FinanceEmissionsEnvironmentNewsPolitics

At COP29, development lenders set $120 billion climate finance goal for poorer countries

Global banks pledge $120B yearly climate aid by 2030, targeting low-income nations, boosting private sector investment.

FILE PHOTO: A wind turbine is seen at a wind farm in Guazhou, Gansu Province, China September 15, 2013. REUTERS/Carlos Barria
Climate FinanceEnvironmentNewsSustainable Aviation Fuel

ADB increases climate finance after US, Japan give world’s first sovereign guarantees

The Asian Development Bank to boost climate lending by $7.2B as the U.S. and Japan back loans with world first sovereign guarantees.

FILE PHOTO: President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024. REUTERS/Denis Balibouse/File Photo
ClimateClimate FinanceEmissionsEnvironmentIndigenousNewsPolitics

Multilateral development banks are stepping into climate breach: EBRD President

Multilateral development banks are boosting green investments, with the EBRD focusing on climate action amid global trade tensions and U.S. policy uncertainty.

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