Hurricane Beryl hit Barbados in July. Scientists say man-made climate change is making extreme weather more common. AP
Hurricane Beryl hit Barbados in July. Scientists say man-made climate change is making extreme weather more common. AP
Hurricane Beryl hit Barbados in July. Scientists say man-made climate change is making extreme weather more common. AP
Hurricane Beryl hit Barbados in July. Scientists say man-made climate change is making extreme weather more common. AP

Countries entrenched on climate finance as Cop29 approaches


John Dennehy
  • English
  • Arabic

Countries remain entrenched on the key issue of climate finance with just months to go before the Cop29 summit starts.

A high-level meeting was held behind closed doors last week in Shamakhi, Azerbaijan, where the summit will take place in November. The talks were bound by confidentiality rules and aimed to find common ground between negotiating blocs.

But several experts close to the talks said that, while the atmosphere was constructive at the retreat held from June 26 to 27, difficult negotiations lay ahead.

The gathering was attended by heads of delegations, including the leaders of all negotiating groups, and followed a fraught last round of talks in Bonn, Germany, where countries remained divided on climate finance.

Cop29 in Baku is set to be dominated by negotiations over a new financial pledge, known as the new collective quantified goal, to replace the annual $100 billion a year for developing countries.

“The fact that this meeting was held is a positive sign from the Azerbaijan presidency, as it shows they are proactively creating spaces for dialogue to untangle the issues which prevented achieving more progress in Bonn,” said Laura Sabogal Reyes, of the E3G think tank.

“This is important to create momentum and the required sense of urgency which will enable the necessary technical and political agreements to land the new collective quantified goal.”

Cop29 President-designate Mukhtar Babayev, second from right, at the closing session of the Shamakhi retreat. Photo: @Cop29_AZ / X
Cop29 President-designate Mukhtar Babayev, second from right, at the closing session of the Shamakhi retreat. Photo: @Cop29_AZ / X

Countries at last year's Cop28 summit in Dubai made a historic decision to “transition away” from fossil fuels in global energy systems.

But the question of how to pay for this – particularly for vulnerable countries on the front lines of climate change – has emerged as a make-or-break issue for Cop29 that is to he held in Azerbaijan's capital Baku from November 11 to 22.

The current funding pledge of $100 billion a year runs until 2025 and needs to be replaced with a new target at Cop29. The pledge was initially agreed in 2009 and it was only announced last year that countries had reached it.

But many developing countries say funds are not there or are too difficult to access. Europe is among those looking for countries such as China to strengthen their climate commitments.

Finance deal key to Cop29 success

Cop29 will be hosted in Azerbaijan in November. Pawan Singh / The National
Cop29 will be hosted in Azerbaijan in November. Pawan Singh / The National

Cop29 President-designate Mukhtar Babayev said in a letter to parties last month that the new goal on finance would be the “centrepiece” of negotiations at the summit and urged developed countries “to continue efforts to meet the $100 billion goal through to 2025 with greater clarity and transparency”.

The Cop29 presidency has appointed ministers Dan Jorgensen of Denmark and Yasmine Fouad of Egypt as ministerial pairs to enhance the talks around the finance goal.

“It’s standard operating procedure for the presidency to convene heads of delegation meetings in the run-up to the Cop, in order to discuss the thorniest issues on the table,” said Simon Evans, deputy editor and senior policy editor at Carbon Brief, a UK-based climate specialist website.

“Unsurprisingly, that means they talked about issues including the new climate finance goal – where positions continue to be entrenched – and Article 6 carbon markets, where there was more progress.

“Ultimately, Cop29 won’t be seen as a success without deals in both of those areas, but it isn’t yet clear what the 'landing zones' for agreed outcomes will look like.”

Ms Reyes said E3G’s understanding of the gathering was that it was “constructive” but it was “hard to know what that means as there was no formal outcome nor synthesis document”.

“Discussions revolved around the technical and political dimensions of the NCQG to chart a clear way forward towards Cop29,” she added.

Vulnerable nations count the cost

Fishing boats damaged by Hurricane Beryl in Barbados. AP
Fishing boats damaged by Hurricane Beryl in Barbados. AP

The Alliance of Small Island States, representing nations on the front lines of climate change, said before the meeting that several Caribbean countries were still reeling from the destruction caused by Hurricane Beryl, which it said broke records as the earliest category five hurricane to hit the region. The deadly hurricane formed in late June.

“Talk without commitment on climate action is cheap for bigger countries, but our small island developing states pay the ultimate price with loss of our lives, livelihoods, and invaluable ecosystems,” the alliance's chairman, Fatumanava-o-Upolu III Dr Pa'olelei Luteru, said before last week’s gathering urging a halt to the expansion of fossil fuel projects.

Scientists say man-made climate change is bringing higher temperatures and making extreme weather more common. “We cannot accept lip service on commitments to cut emissions," he said. "Our international colleagues and partners must understand that every single tonne of emissions they put into our world’s atmosphere comes falling down to crush the most vulnerable people on our planet.”

It is thought trillions of dollars will be needed to tackle climate change and Aosis said the new goal must provide a “minimum allocation” for small island developing states.

Cop29 is only a few months away. Key meetings on the road to Baku to advance progress include the UN General Assembly and New York Climate Week in September; the G20 leaders’ summit in November; and the pre-Cop event in October, before the summit starts in Baku on November 11 to 22. But the clock is ticking.

“The Cop presidency has made significant strides in recent weeks, including organising this retreat and assigning ministerial pairs,” Ms Reyes said.

“However, ensuring a successful Cop29, will require sustained and intensified political commitment from the presidency in the coming months, which we have yet to observe in full measure.”

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
Brief scoreline:

Manchester United 2

Rashford 28', Martial 72'

Watford 1

Doucoure 90'

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

French Touch

Carla Bruni

(Verve)

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Tu%20Jhoothi%20Main%20Makkaar%20
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ELuv%20Ranjan%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ERanbir%20Kapoor%2C%20Shraddha%20Kapoor%2C%20Anubhav%20Singh%20Bassi%20and%20Dimple%20Kapadia%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A

6.30pm: Al Maktoum Challenge Round-3 Group 1 (PA) | US$95,000 | (Dirt) 2,000m
7.05pm: Meydan Classic Listed (TB) ) | $175,000) | (Turf) 1,600m
7.40pm: Handicap (TB) ) | $135,000 ) | (D) 1,600m
8.15pm: Nad Al Sheba Trophy Group 3 (TB) ) | $300,000) | (T) 2,810m
8.50pm: Curlin Handicap Listed (TB)) | $160,000) | (D) 2,000m
9.25pm: Handicap (TB)) | $175,000) | (T) 1,400m
10pm: Handicap (TB) ) | $135,000 ) | (T) 2,000m

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

Stage 3 results

1 Adam Yates (GBR) Mitchelton-Scott 4:42:33

2 Tadej Pocagar (SLO) UAE Team Emirates 0:01:03

3 Alexey Lutsenko (KAZ) Astana 0:01:30

4 David Gaudu (FRA) Groupama-FDJ

5 Rafal Majka (POL) Bora-Hansgrohe         

6 Diego Ulissi (ITA) UAE Team Emirates  0:01:56

General Classification after Stage 3:

1 Adam Yates (GBR) Mitchelton-Scott 12:30:02

2 Tadej Pocagar (SLO) UAE Team Emirates 0:01:07

3  Alexey Lutsenko (KAZ) Astana 0:01:35

4 David Gaudu (FRA) Groupama-FDJ 0:01:40

5  Rafal Majka (POL) Bora-Hansgrohe

6 Wilco Kelderman (NED) Team Sunweb)  0:02:06

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

FIXTURES

All kick-off times 10.45pm UAE ( 4 GMT)

Tuesday
Mairobr v Liverpool
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Feyenoord v Shakhtar Donetsk
Manchester City v Napoli
Monaco v Besiktas
RB Leipzig v Porto
Apoel Nicosia v Borussia Dortmund
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Wednesday
Benfica v Manchester United
CSKA Moscow v Basel
Bayern Munich v Celtic
Anderlecht v Paris Saint-Germain
Qarabag v Atletico Madrid
Chelsea v Roma
Barcelona v Olympiakos
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Updated: November 07, 2024, 10:09 AM