Countries at the United Nations climate summit amped up the pressure on themselves Friday by entering the last scheduled day of talks with no visible progress on their chief goals.
From the start, COP29 has been about climate finance — money that wealthy nations are obliged to pay to developing countries to cover damages resulting from extreme weather and to help those nations adapt to a warming planet. Experts put the figure at $1 trillion or more, but draft texts that emerged Thursday after nearly two weeks of talks angered the developing world by essentially leaving blank the financial commitment.
The talks often run into overtime as wealthier nations are pressed to pay for impacts caused largely by their emissions from centuries of burning fossil fuels. The late finish also adds pressure on Azerbaijan, the oil-rich nation presiding over this year’s COP, or Conference of Parties.
In a statement late Thursday, the presidency struck an optimistic tone, saying the outlines of a financial package “are starting to take shape” and promised new draft texts on Friday.
As negotiators, observers and civil society organization representatives waited for a new draft text to be released on Friday, many said they were frustrated and disappointed with the talks so far.
“This is the worst COP in recent memory,” said Mohamed Adow of the think tank Power Shift Africa. “The way this COP is going, developing countries are actually being forced and held hostage to accept a deal that isn’t going to add up to get the job done to help put the world on a safe pathway,” he said.
“No deal is better than a bad deal,” said Harjeet Singh of the climate advocacy group, Fossil Fuel Non Proliferation Treaty.
On Thursday, COP29 President Mukhtar Babayev convened a Qurultay — a traditional Azerbaijani meeting — where negotiators spoke to hear all sides. He promised to find “a way forward regarding future iterations” of the deal.
Panama’s Juan Carlos Monterrey Gomez said the “lack of commitment transparency feels like a slap in the face to the most vulnerable.”
“It is just utter disrespect to those countries that are bearing the brunt of this crisis,” he said. “Developed countries must stop playing games with our lives and put a serious quantified financial proposal on the table.”
Other areas that are being negotiated include commitments to slash planet-warming fossil fuels and how to adapt to climate change. But they’ve seen little movement.
European nations and the United States criticized the package of proposals for not being strong enough in reiterating last year’s call for a transition away from fossil fuels.
Days earlier, the 20 largest economies met in Brazil and didn’t mention the call for transitioning away from fossil fuels. UN Secretary General Antonio Guterres, who was at that meeting, said official language is one thing, but reality is another.
“There will be no way” the world can limit global warming to 1.5 degrees Celsius “if there is not a phase out of fossil fuels,” Guterres said at a Thursday news conference. (AP)