A rise in temperature beyond the 1.5-degree limit will have irreversible consequences: Climate researchers warn of this in a report on the state of the ice sheets, which was published at the COP29 in Baku. Coastal and mountain regions in particular will not be able to adapt sufficiently.
By Lukas Bayer
The global CO2 budget to comply with the 1.5-degree limit will soon be used up. There are still no signs of a peak in CO2 emissions from the use of fossil fuels, warns a report on the occasion of COP29.
By Lukas Bayer
According to a media report, Exxon CEO Darren Woods has spoken out in favor of the USA remaining in the Paris Agreement. This contradicts the announcements of former and future President Donald Trump.
By Alexandra Endres
Little progress was made at a high-level methane summit between the USA and China as part of COP29. The USA announced a new penalty fee. China referred to older plans without presenting any new initiatives. Some countries have made new pledges for climate financing in the methane sector.
By Nico Beckert
Late on Monday evening, COP29 agreed on new trade rules for greenhouse gas reductions under Article 6.4 of the Paris Agreement. However, this does not mean that the issue is off the table. There is also disagreement about the impact of the agreement.
By Lukas Knigge
At the start of COP29, the heads of state and government are supposed to present their demands and bring momentum to the negotiations. This hardly succeeds on the first day: Criticism meets counter-criticism, but the main opponents have not appeared. Only the UK provides a ray of hope.
By Bernhard Pötter
In the coming years, renewables will have to be expanded twice as fast as before if the international community wants to achieve its goal of tripling capacity by 2030. IRENA has calculated that investments of $31.5 trillion are needed in the energy system.
By Nico Beckert
The Asian Development Bank is increasing its climate-related lending. This is made possible by government guarantees from the USA and Japan.
By
If the US leaves the United Nations Framework Convention on Climate Change, the largest financier of the UN Secretariat will also leave. This would mean further restrictions for climate action work – and China would probably become the central donor.
By Bernhard Pötter
As countries are not in a position to finance the removal of CO2 from the atmosphere to the extent required in the future, PIK and KfW are proposing a new financial institution at COP29. CO2 removal is to be integrated into the existing emissions trading system.
By Alexandra Endres
