According to K. Daigle
The 29th UN Climate Action Summit has concluded in Baku. Delegates from nearly 200 countries had to stay in the capital of Azerbaijan for an extra two days to agree on the final document. The summit’s main agenda item — setting a new annual target for global climate finance — forced countries to argue for two weeks. Even after reaching an agreement on $300 billion a year by 2035, many developing countries said the amount was too low.
While Donald Trump has yet to take office, his victory in the November 5 presidential election has cast a shadow over COP29. Trump has vowed to sideline the United States from global efforts to combat climate change and has appointed another climate skeptic as Energy Secretary. The number of climate skeptics is not diminishing, even though this year is set to be the warmest on record and there is evidence that the effects of climate change are worsening faster than expected.
Ultimately, the summit failed to identify steps that would enable countries to deliver on last year’s COP28 pledge to phase out fossil fuels and triple renewable energy capacity this decade. Many negotiators saw that as a failure and a sign that fossil fuel interests were trumping those of climate negotiators.
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