GPS News
CLIMATE SCIENCE
G20 climate pledge draws mixed views at COP29
G20 climate pledge draws mixed views at COP29
by AFP Staff Writers
Baku (AFP) Nov 19, 2024

Activists and a key negotiating group at the stalled COP29 climate talks on Tuesday cautiously welcomed a G20 leaders statement backing a finance deal for poorer countries, but some slammed a missing reference to fossil fuels.

The leaders of the world's 20 richest economies were under pressure during their summit in Brazil to break the impasse over climate finance at the deadlocked COP29 talks in Azerbaijan.

A statement issued by G20 leaders in Rio de Janiero overnight reiterated support for a deal to be reached in Baku, where the first week of negotiations ended in bitter stalemate.

"We needed to see a strong signal from the G20, and we got that on finance," said Mohamed Adow, a Kenyan climate activist and founder of the Power Shift Africa group.

Jasper Inventor, from Greenpeace, described the support for a finance deal as "a positive signal".

"This momentum must now be translated into concrete outcomes in Baku," he said.

Rich nations are being urged to significantly raise their pledge of $100 billion a year in finance for poorer countries to take action against climate change.

But efforts to finalise the deal in Baku have been glacial, with rows over how much the deal should entail, who should pay it, and what types of finance should be included.

The chair of the G77 + China, a grouping of developing nations, told AFP that the Rio statement was a "good building block" for the climate talks as G20 leaders acknowledged that the needs were in the "trillions" of dollars.

However, Adonia Ayebare, the group's Ugandan chairman, said that the G77 was "not comfortable" with vague wording saying the money should come from "all sources".

"We have been insisting that this has to be from public sources. Grants, not loans," Ayebare said.

Harjeet Singh, an activist from India, said the G20 "displayed a stark failure in leadership".

"Their rehashed rhetoric offers no solace for the fraught COP29 negotiations, where we continue to see a deadlock on climate finance," he said.

The statement did not explicitly repeat a pledge made last year at COP28 to transition the world away from fossil fuels, a flashpoint issue that has caused tensions in Baku.

G20 leaders made reference to phasing out "inefficient fossil fuel subsidies" but the key language enshrined to much fanfare in the commitment made in late 2023 was absent.

"Silence on the new climate finance goal and mutism on fossil fuel phase out are unacceptable coming from the biggest economies and emitters," said Rebecca Thissen from the Climate Action Network.

Related Links
Climate Science News - Modeling, Mitigation Adaptation

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
CLIMATE SCIENCE
UN chief urges G20 'leadership' on stalled climate talks
Rio De Janeiro (AFP) Nov 17, 2024
UN Secretary-General Antonio Guterres on Sunday called on G20 leaders gathering in Rio de Janeiro to rescue stalled concurrent UN climate talks in Azerbaijan by showing "leadership" on cutting emissions. "A successful outcome at COP29 is still within reach, but it will require leadership and compromise, namely from the G20 countries," Guterres, who will attend the summit of the world's biggest economies starting Monday, told a press conference in Rio. The annual UN talks in Baku are deadlocked a ... read more

CLIMATE SCIENCE
Defiant Lebanese harvest olives in the shadow of war

Denmark's major parties agree carbon tax on livestock

Olive seeds from space mission begin growth in China

Planet expands partnership with Abelio for enhanced digital farming solutions

CLIMATE SCIENCE
MIT physicists predict exotic form of matter with potential for quantum computing

US finalizes up to $6.6 bn funding for chip giant TSMC

China's top chipmaker reports surge in profits

Nvidia surpasses Apple as world's biggest company

CLIMATE SCIENCE
AMSL Aero completes first free flight of Vertiia eVTOL

Electra unveils EL9 ultra short hybrid-electric aircraft design

Flights to Bali resume following volcanic eruption

NASA funds new studies looking at future of sustainable aircraft

CLIMATE SCIENCE
China's Xiaomi posts sales bump as EV deliveries speed up

China expanding advanced EV charging stations to meet growing demand

Bentley pushes back target of all-electric luxury cars to 2035

BMW's profits plunge as China sales slump

CLIMATE SCIENCE
China's Xi urges closer ties in meeting with Mexican president

China's Xi urges APEC unity in face of 'protectionism'

G20 leaders talk climate, wars -- and brace for Trump's return

Strike at French maker Hennessy over measures in China spat

CLIMATE SCIENCE
How forest density affects tree movement and resilience

Biden touts climate legacy in landmark Amazon visit

Biden in historic Amazon trip as Trump return sparks climate fears

EU deforestation ban in chaos as parliament loosens rules

CLIMATE SCIENCE
Sentinel-1C prepared for launch following successful fuelling

Extreme heat disrupts land's carbon absorption abilities

ESA bolsters Greece's Earth observation with new contracts

Distinguishing snow from clouds

CLIMATE SCIENCE
New Technique Enables Mass Production of Metal Nanowires

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.