The oceans are boiling, the clock of doom is five seconds from midnight, and “renewables are cheap”, but somehow everybody wants to sit on their hands.
“Everybody is holding back until they know who gets elected,” said Mohamed Adow, a campaigner and head of research group Power Shift Africa…The months of lead-up sessions to COP29, which is being hosted this year in Azerbaijan, have been painfully slow even by the plodding standards of global climate diplomacy, participants say.
With just two months to go, there still isn’t an agreed definition of “climate finance” let alone how much should be paid, which countries should receive it and how, and who should be on the hook for it…
Divisions between rich and poor countries over who should pay for the damaging costs of climate change have always been fraught. But the EU’s reluctance to talk numbers could be partly explained by anxiety over the U.S. election, said Linda Kalcher, executive director of Strategic Perspectives, a European think tank. Some developing countries are demanding north of $1 trillion annually, a 10-fold increase on existing pledges.
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