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
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
The International Rescue Committee calls on governments to focus climate finance more on "underserved populations" in conflict areas and provide more funding for resilience and prevention.
By Alexandra Endres
The Asian Development Bank is increasing its climate-related lending. This is made possible by government guarantees from the USA and Japan.
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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
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
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
Right at the start of the conference, the delegation gets caught up in a dispute over the details of the agenda. On the surface, it is about trade barriers and the question of how finances and CO2 reduction should be negotiated. But below the surface, this is also a showdown.
By Bernhard Pötter
