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
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
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
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
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
Teresa Ribera has been confirmed as the European Union's new Commissioner for Competition in the hearings of the EU Parliament. She is likely to advance the decarbonization of industry and leave her mark on UN climate conferences.
By Lukas Knigge
The UN and Brazil want to combat disinformation campaigns that delay and derail climate action. Six countries have joined their initiative so far. A joint fund will initially support anti-disinformation measures with 10 to 15 million US dollars.
By Alexandra Endres
