After a long delay and tough negotiations, COP29 ended early Sunday morning in Baku. A financial target was agreed upon, with the industrialized countries promising a sum of USD 300 billion by 2035. However, in other areas, progress only means preventing regression.
By Bernhard Pötter
After a dramatic day in Baku, COP29 ended with an agreement on a new climate finance target – known as the NCQG. Industrialized countries are to increase their annual payments to developing countries to USD 300 billion by 2035, but emerging countries will also contribute. This was followed by a hail of criticism.
By Lukas Knigge
Expanding the donor base for climate finance to include countries such as Saudi Arabia, China and South Korea is considered one of the biggest points of conflict at COP29. However, several calculations show that new donor countries would not increase the climate finance budget too much. Other sources of climate financing would be more productive.
By Nico Beckert
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
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
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
At COP29, the Arab group of states, Russia and the Vatican are blocking gender issues. Yet women and other marginalized groups are disproportionately bearing the brunt of the consequences of the climate crisis. The blockade could have far-reaching consequences.
By Nico Beckert
The biodiversity conference in Cali called on the climate conference to draw up a joint work program for both conventions. The response from Baku may not come. However, progress on Article 6 also concerns biodiversity.
By Lukas Knigge
Turkey’s President Erdogan announced his country’s bid to host COP31, but is Ankara’s climate plans ambitious enough?
By Marcel Grzanna
