New draft texts from the COP29 presidency landed in Baku on Friday afternoon. For the first time, the quantum of climate financing was quantified and the expanded donor base was also formulated. But, as we all know, the devil is in the detail.
By Nico Beckert
The industrialized countries and the major emerging economies are delighted with the Presidency's first proposal for the final texts of COP29. The poorer countries are up in arms. The deal could reorganize the existing fronts in climate policy.
By Bernhard Pötter
Large-scale climate financing for developing countries is not only a moral obligation for industrialized countries, according to a study by Imperial College London. It could also bring high returns.
By Alexandra Endres
The Dubai strategy could be repeated at COP29: The presidency first delivers weak negotiating texts, only to present the big breakthrough that the frustrated delegations can then agree on after all. There are signs of a similar playbook in Baku.
By Bernhard Pötter
New Zealand is supporting Vanuatu in setting up its own fund for climate damage and loss. This area is severely underfunded worldwide.
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The environmental organization Deutsche Umwelthilfe has filed a new lawsuit against the Mittelplate oil platform in the Wadden Sea in Schleswig-Holstein. It argues that an FFH impact assessment would also have been necessary there.
By Malte Kreutzfeldt
Normally, the debate on reducing emissions, i.e. mitigation, leads a shadowy existence at the COPs – especially at a financial COP like the one in Baku. But in the end and in light of the climate crisis, many countries are pushing for more serious steps. This is highly controversial.
By Bernhard Pötter
Should China also pay into the new climate finance target NCQG? Developed countries insist on this in Baku, but developing countries are not joining the call. Their high levels of debt make them dependent on China.
By Goswami Urmi
The latest Atmosfair index reveals significant efficiency differences between various airlines. German airlines are falling behind because they are not renewing their fleets quickly enough. Overall, the industry has failed to meet its own target.
By Malte Kreutzfeldt
