Cop29 will be held from November 11 to 22 in Azerbaijan. Reuters
Cop29 will be held from November 11 to 22 in Azerbaijan. Reuters
Cop29 will be held from November 11 to 22 in Azerbaijan. Reuters
Cop29 will be held from November 11 to 22 in Azerbaijan. Reuters

What is Cop29 and why is it important?


John Dennehy
  • English
  • Arabic

Tens of thousands of people representing governments around the world, companies, and environmental and human rights groups are gathering in Azerbaijan to discuss ways to address the threat of climate change.

The UN’s annual climate summit, called the 29th Conference of the Parties, or Cop29, will be held in the capital Baku from November 11 to 22.

The “parties” are the group of close to 200 countries that have signed the UN Framework Convention on Climate Change (UNFCCC).

Cop first took place in 1995 and it has been held annually since, attracting world leaders, dignitaries and activists from the front lines of climate change.

The task is urgent with this year “virtually certain” to be the warmest year on record, the EU’s climate change monitoring service said, and with the key goal of limiting the average global temperature increase to not more than 1.5°C above pre-industrial levels in danger.

It also comes days after the election of climate-sceptic Donald Trump as US President and amid international fallout sparked by the wars in Gaza, Lebanon, Ukraine, Sudan and elsewhere.

  • Cop29 graphic
    Cop29 graphic
  • Cop29 graphic
    Cop29 graphic
  • Cop29 graphic
    Cop29 graphic
  • Cop29 graphic
    Cop29 graphic

What are the main issues at Cop29?

Countries agreed in Dubai last year to “transition away” from fossil fuels. But the question of how they will not only reduce fossil fuel use but also pay for this transition remains up in the air.

This is particularly the case for less-developed states that are at greatest risk from climate change, despite having done little to cause the problem.

The world at Cop29 will try to agree to a new financial plan to replace a promised $100 billion for developing countries – known as the new collective quantified goal. This is why Cop29 is being described as the “finance Cop”.

Trillions are said to be needed but countries remain far apart on how much is required and who should contribute.

Apart from finance, talks are also expected on carbon markets, the loss and damage fund and other issues such as water, pollution, adaptation and technology.

Carbon markets, in particular, can be difficult to agree on. Countries or companies can turn to carbon markets to compensate for their emissions by buying carbon credits from those that remove or reduce emissions.

Carbon credits can also be earned by preserving mangroves, forests or other carbon sinks. But these markets have been seen as controversial in cases and criticised by some as “greenwashing”.

Talks at Cop29 would seek to establish rules around transparency for carbon trading.

  • Azerbaijan's capital Baku will host the UN Cop29 climate summit in November. All photos: Pawan Singh / The National
    Azerbaijan's capital Baku will host the UN Cop29 climate summit in November. All photos: Pawan Singh / The National
  • Baku Stadium is the venue for the crucial talks
    Baku Stadium is the venue for the crucial talks
  • Ilham Aliyev, president of Azerbaijan, during the Shusha Global Media Forum. Mr Aliyev said the country wanted to have a good outcome
    Ilham Aliyev, president of Azerbaijan, during the Shusha Global Media Forum. Mr Aliyev said the country wanted to have a good outcome
  • Cop29 signs have started to appear in Baku
    Cop29 signs have started to appear in Baku
  • Hikmet Hajiyev, foreign policy adviser to Azerbaijan’s president, said Armenia – which was recently at war with Azerbaijan – was invited to Cop29
    Hikmet Hajiyev, foreign policy adviser to Azerbaijan’s president, said Armenia – which was recently at war with Azerbaijan – was invited to Cop29
  • Azerbaijan is boosting renewable energy, such as at this Masdar operated solar farm called Garadagh
    Azerbaijan is boosting renewable energy, such as at this Masdar operated solar farm called Garadagh
  • But Baku has a long fossil fuel history, with oil derricks seen here and the stadium in the background
    But Baku has a long fossil fuel history, with oil derricks seen here and the stadium in the background
  • The spectacular oil rush was driven by entrepreneurs such as two of Sweden’s Nobel brothers. The Nobels installed oil pipelines and built the world’s first oil tanker. Seen here is a statue of Alfred Nobel at the Nobel museum in Baku
    The spectacular oil rush was driven by entrepreneurs such as two of Sweden’s Nobel brothers. The Nobels installed oil pipelines and built the world’s first oil tanker. Seen here is a statue of Alfred Nobel at the Nobel museum in Baku
  • Azerbaijan has a rich cultural history to showcase for those attending Cop29
    Azerbaijan has a rich cultural history to showcase for those attending Cop29
  • Baku's old city sits alongside newer buildings as the country develops using its oil wealth
    Baku's old city sits alongside newer buildings as the country develops using its oil wealth
  • Traditional-style construction in Baku
    Traditional-style construction in Baku
  • Stunning architecture in Baku's old city
    Stunning architecture in Baku's old city
  • Crafts for sale in Baku old city
    Crafts for sale in Baku old city
  • Up to 50,000 people are expected in Baku for Cop29
    Up to 50,000 people are expected in Baku for Cop29

Why are the talks being held in Azerbaijan?

The hosting of Cop is rotated among the five UN regions, with the Eastern Europe bloc taking its turn this year. Azerbaijan was only selected as host during Cop28 after months of political wrangling dominated by the Ukraine war.

Russia vetoed an EU host and Azerbaijan was only selected after Armenia lifted its objection. This came despite Baku’s seizure of the disputed enclave Nagorno-Karabakh last year, which escalated tensions and forced the displacement of more than 100,000 Armenians.

Armenia has claimed it wants this to be a Cop of peace, but a peace deal has yet to be signed between the two foes.

Who is attending the summit?

Cop29 is expected to be significantly smaller than last year in the UAE.

Organisers have said up to 50,000 are expected – fewer compared to more than 80,000 at Cop28.

Many major world leaders are also expected to skip the summit including US President Joe Biden; Chinese President Xi Jinping; and Brazilian President Luiz Inacio Lula da Silva. European Commission President Ursula von der Leyen is also not attending but more than 100 leaders are still expected.

The election of Mr Trump, who has pledged to again pull the US out of the Paris agreement, is also set to complicate talks at Cop29.

The G20 summit in Brazil – also hosts of Cop30 – takes place during the closing days of Cop29 and this could also affect the outcome.

Dr Sultan Al Jaber, Cop28 President, having guided the talks to a historic deal last year, will pass the baton to Cop29 President-designate, Mukhtar Babayev on Monday. Pawan Singh / The National
Dr Sultan Al Jaber, Cop28 President, having guided the talks to a historic deal last year, will pass the baton to Cop29 President-designate, Mukhtar Babayev on Monday. Pawan Singh / The National

When does the UAE hand over the presidency?

Host countries assume the presidency on the first day of the summit and hold the post for a year.

Dr Sultan Al Jaber, Cop28 President, having guided the talks to a historic deal last year, passes the baton to Cop29 President-designate, Mukhtar Babayev on Monday.

Mr Babayev is the country’s ecology and natural resources minister and held previous roles at the country’s state-owned energy company.

The handover marks a year since the UAE took up the role to help shape global climate action.

Razan Al Mubarak, UN Climate Change High-Level Champion for Cop28, on Thursday said the UAE has demonstrated its leadership at Cop28 to unite the global community.

“Climate and nature are inherently linked, and Cop28 was a landmark moment for reinforcing this relationship at the global level,” she said in remarks carried by state news agency, Wam, on Thursday.

Can fossil fuel-rich Azerbaijan unite the world?

It is the second year in a row that the talks have been held in a fossil fuel-rich country.

Azerbaijan has a long history with the industry and once produced half the world’s oil.

Its economy is highly reliant on fossil fuels and the country now supplies plenty of gas to Europe. Fossil fuel infrastructure is highly visible there. But burning fossil fuels is the main driver of climate change. And Azerbaijan isn’t immune.

“Climate change affects everyone differently,” Mr Babayev said in a letter to the parties in September.

“We face extreme heat, water scarcity, and declining water levels in the Caspian Sea that have a direct impact on our lives and livelihoods,” he said.

“But we are also a source of solutions and opportunities, such as our abundant wind and solar potential, which can play an important role in the renewable energy landscape, supporting transition to low-emissions and climate resilient development not only at the national, but also at the regional and global level, and we are determined to lead by example.”

When will we find out if any agreement is reached?

Negotiations take place in private at Cops, hidden away from the public in what is known as the “Blue Zone”. The Blue Zone is managed by the UNFCCC, in contrast to the Green Zone that is managed by the host country.

These talks can go into the night and overrun formal working hours. It is impossible to say what type of agreement will be forged – if any – and when this might become clear.

Cop29 is also expected to result in declarations to drive climate action across several areas but these are separate to the main negotiated agreement between the parties.

“It is the most difficult question I have,” said Mr Babayev in July, regarding trying to bridge gaps between countries on finance.

“It is a process of negotiations [and it is] very difficult now to say what will be decided in November in Baku.”

The effects of climate change on the Middle East region - in pictures

  • Flooding in the Al Barsha area of Dubai. Chris Whiteoak / The National
    Flooding in the Al Barsha area of Dubai. Chris Whiteoak / The National
  • Vehicles being recovered near Al Maktoum airport in Dubai. Antonie Robertson / The National
    Vehicles being recovered near Al Maktoum airport in Dubai. Antonie Robertson / The National
  • Flooding in the Al Barsha area of Dubai. Chris Whiteoak / The National
    Flooding in the Al Barsha area of Dubai. Chris Whiteoak / The National
  • Flooding along Sheikh Zayed Road in Dubai. Antonie Robertson / The National
    Flooding along Sheikh Zayed Road in Dubai. Antonie Robertson / The National
  • Flooding along Sheikh Zayed Road in Dubai. Antonie Robertson / The National
    Flooding along Sheikh Zayed Road in Dubai. Antonie Robertson / The National
  • Cars move through floodwater in Al Qudra, Dubai. Chris Whiteoak / The National
    Cars move through floodwater in Al Qudra, Dubai. Chris Whiteoak / The National
  • Flooding on Dubai's Al Khail Road. Chris Whiteoak / The National
    Flooding on Dubai's Al Khail Road. Chris Whiteoak / The National
  • People abandon their cars on Sheikh Zayed Road due to heavy rain. Antonie Robertson/The National
    People abandon their cars on Sheikh Zayed Road due to heavy rain. Antonie Robertson/The National
  • Flooding on Al Khail Road. Chris Whiteoak / The National
    Flooding on Al Khail Road. Chris Whiteoak / The National
  • Flooding in Oman. Photo: Royal Oman Police
    Flooding in Oman. Photo: Royal Oman Police
  • A damaged car in Derna, Libya. Reuters
    A damaged car in Derna, Libya. Reuters
  • A destroyed vehicle in Derna. AFP
    A destroyed vehicle in Derna. AFP
  • Abdul Salam Ibrahim Al-Qadi walks on rubble in front of his house, searching for his missing father and brother, in Derna. Reuters
    Abdul Salam Ibrahim Al-Qadi walks on rubble in front of his house, searching for his missing father and brother, in Derna. Reuters
  • An aerial view of the destruction in Derna. Reuters
    An aerial view of the destruction in Derna. Reuters
  • Flood-affected people taking refuge in a makeshift camp after heavy monsoon rains in Jaffarabad district of Balochistan province. AFP
    Flood-affected people taking refuge in a makeshift camp after heavy monsoon rains in Jaffarabad district of Balochistan province. AFP
  • Internally displaced flood-affected people shift husk for their animals in a flood-hit area following heavy rains in Dera Allah Yar in Balochistan. AFP
    Internally displaced flood-affected people shift husk for their animals in a flood-hit area following heavy rains in Dera Allah Yar in Balochistan. AFP
  • The aftermath of flooding in Egypt's southern city of Aswan, 920 kilometres south of the capital. AFP
    The aftermath of flooding in Egypt's southern city of Aswan, 920 kilometres south of the capital. AFP
  • The Nile River from the top of Famine Stela, or Rock of Starvation, Egypt. Reuters
    The Nile River from the top of Famine Stela, or Rock of Starvation, Egypt. Reuters
  • Volunteers search for people in need following heavy rainfall in east Mosul, Iraq, in March 2020. Reuters
    Volunteers search for people in need following heavy rainfall in east Mosul, Iraq, in March 2020. Reuters
  • People clean up after floods in Duhok, Iraq, on March 19. Reuters
    People clean up after floods in Duhok, Iraq, on March 19. Reuters
Tips on buying property during a pandemic

Islay Robinson, group chief executive of mortgage broker Enness Global, offers his advice on buying property in today's market.

While many have been quick to call a market collapse, this simply isn’t what we’re seeing on the ground. Many pockets of the global property market, including London and the UAE, continue to be compelling locations to invest in real estate.

While an air of uncertainty remains, the outlook is far better than anyone could have predicted. However, it is still important to consider the wider threat posed by Covid-19 when buying bricks and mortar. 

Anything with outside space, gardens and private entrances is a must and these property features will see your investment keep its value should the pandemic drag on. In contrast, flats and particularly high-rise developments are falling in popularity and investors should avoid them at all costs.

Attractive investment property can be hard to find amid strong demand and heightened buyer activity. When you do find one, be prepared to move hard and fast to secure it. If you have your finances in order, this shouldn’t be an issue.

Lenders continue to lend and rates remain at an all-time low, so utilise this. There is no point in tying up cash when you can keep this liquidity to maximise other opportunities. 

Keep your head and, as always when investing, take the long-term view. External factors such as coronavirus or Brexit will present challenges in the short-term, but the long-term outlook remains strong. 

Finally, keep an eye on your currency. Whenever currency fluctuations favour foreign buyers, you can bet that demand will increase, as they act to secure what is essentially a discounted property.

Know before you go
  • Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
  • If you’re driving, make sure your insurance covers Oman.
  • By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
  • Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
  • Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.

 

Profile

Co-founders of the company: Vilhelm Hedberg and Ravi Bhusari

Launch year: In 2016 ekar launched and signed an agreement with Etihad Airways in Abu Dhabi. In January 2017 ekar launched in Dubai in a partnership with the RTA.

Number of employees: Over 50

Financing stage: Series B currently being finalised

Investors: Series A - Audacia Capital 

Sector of operation: Transport

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%3Cp%3EDirector%3A%20Moe%20Alatawi%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Ra%E2%80%99ed%20Alshammari%2C%20Adwa%20Fahd%2C%20Muhand%20Alsaleh%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A
Disability on screen

Empire — neuromuscular disease myasthenia gravis; bipolar disorder; post-traumatic stress disorder (PTSD)

Rosewood and Transparent — heart issues

24: Legacy — PTSD;

Superstore and NCIS: New Orleans — wheelchair-bound

Taken and This Is Us — cancer

Trial & Error — cognitive disorder prosopagnosia (facial blindness and dyslexia)

Grey’s Anatomy — prosthetic leg

Scorpion — obsessive compulsive disorder and anxiety

Switched at Birth — deafness

One Mississippi, Wentworth and Transparent — double mastectomy

Dragons — double amputee

The specs: Aston Martin DB11 V8 vs Ferrari GTC4Lusso T

Price, base: Dh840,000; Dh120,000

Engine: 4.0L V8 twin-turbo; 3.9L V8 turbo

Transmission: Eight-speed automatic; seven-speed automatic

Power: 509hp @ 6,000rpm; 601hp @ 7,500rpm

Torque: 695Nm @ 2,000rpm; 760Nm @ 3,000rpm

Fuel economy, combined: 9.9L / 100km; 11.6L / 100km

Updated: November 11, 2024, 8:16 AM