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A general view during the Opening Ceremony of the United Nations climate change conference COP29 in Baku, Azerbaijan November 12, 2024. REUTERS/Maxim Shemetov
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Explainer: Why are countries fighting over climate finance at COP29?

COP29 aims to secure trillions for global climate projects, focusing on funding from wealthy nations and private sectors as past pledges expire.

People arrive for the COP29 U.N. Climate Summit, Wednesday, Nov. 13, 2024, in Baku, Azerbaijan. (AP Photo/Peter Dejong)
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At UN climate talks, nations big and small get chance to bear witness to climate change

World leaders at COP29 call for climate finance, with wealthier nations urged to aid poorer countries in climate resilience.

FILE PHOTO: A drone view shows forest fire devastation amid smoke in the Amazon, in Labrea, Amazonas state, Brazil September 6, 2024. REUTERS/Bruno Kelly/File Photo
Climate FinanceCoalEmissionsNatural GasNewsOilReports

Global CO2 emissions to hit record high in 2024, report says

Global CO2 emissions will hit a record 41.6 billion tons in 2024, worsening climate impacts despite renewable energy progress.

FILE PHOTO: New cars, among them new China-built electric vehicles of the company BYD, are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. REUTERS/Yves Herman/File Photo
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Global EV sales up 35% in October, Europe ekes out a gain

Global EV sales rose 35 per cent in October, led by China’s 54 per cent jump; Europe saw modest gains as the market...

Grossi wants nuclear energy to get climate financing (AFP)
Climate FinanceElectricityEmissionsNewsNuclear PowerSmall Modular ReactorsUnited Nations

Climate cash should also go to nuclear, says UN atomic chief

IAEA chief Grossi urges climate funds for nuclear energy, emphasizing its potential to aid global decarbonization responsibly.

New UN rules would give local communities more power to object to carbon credit projects (AFP)
AnalysisClimate FinanceEmissionsEmissions MarketsRegulationsTradeUnited NationsVoluntary Carbon Markets (VCMs)

UN carbon market inches closer after COP29 agreement

The UN-backed carbon market moves closer, with COP29 nations setting new standards to ensure transparency and project credibility.

Bhutan relies heavily on hydropower for energy generation (AFP)
ClimateClimate FinanceEmissionsEmissions MarketsNewsPoliticsUnited NationsVoluntary Carbon Markets (VCMs)

‘Carbon-neutral’ countries demand credit at COP29

Small nations like Bhutan and Panama, which absorb more carbon than they emit, demand recognition at COP29 for their sacrifices.

The world remains off track to meet a global goal of capping warming to 1.5 degrees Celsius, the threshold scientists say must be respected to avert disastrous climate impacts (AFP)
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Nations to submit boosted climate plans at COP29: what’s at stake?

With COP29 underway, major emitters face pressure to enhance climate goals for the 1.5°C target, but most remain uncommitted.

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
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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.

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