Page 4 - Latest Updates on Climate Change
Host nation Azerbaijan defends oil, gas sector at COP29 amid West criticism
Azerbaijan's oil and gas revenues accounted for 35 per cent of its economy in 2023, down from 50 per cent two years earlier. The government says these revenues will decline to 22 per cent by 2028
 "Host nation Azerbaijan defends oil, gas sector at COP29 amid West criticism")
COP29: Experts call for $1 trn annual investment to fight climate change
Avinash Persaud, Special Advisor on Climate Change to the President, Inter-American Development Bank from Inter-American Development Bank, highlighted enormous financial need for climate adaptation
 "COP29: Experts call for $1 trn annual investment to fight climate change")
Targets unchanged a year after deal on tripling renewables by 2030: Report
The report by global energy think tank Ember showed only eight countries have updated their renewable targets in the last 12 months
 "Targets unchanged a year after deal on tripling renewables by 2030: Report")
COP29 adopts establishment of carbon market under Paris Agreement Article 6
Article 6 of the Paris Agreement facilitates international collaboration to lower carbon emissions
 "COP29 adopts establishment of carbon market under Paris Agreement Article 6")
Greta Thunberg protests against Azerbaijan hosting global climate summit
Thunberg described Azerbaijan as a repressive, occupying state, which has committed ethnic cleansing, and which is continuing cracking down on Azerbaijani civil society
 "Greta Thunberg protests against Azerbaijan hosting global climate summit")
World already on cusp of 1.5 degree celsius temp rise, finds new research
The UK-based scientists behind the new approach, who published it Monday in the journal Nature Geoscience, say it simplifies the tracking of climate change and is easier to use
 "World already on cusp of 1.5 degree celsius temp rise, finds new research")
COP29: Work will continue despite Trump's return, says US climate envoy
Trump has promised to again remove the United States, the world's biggest historic greenhouse gas emitter, from international climate cooperation
 "COP29: Work will continue despite Trump's return, says US climate envoy")
Afghanistan attends UN climate talks for first time since Taliban's return
In March this year, northern Afghanistan was hit by heavy rains resulting in flash floods, killing over 300 people.
 "Afghanistan attends UN climate talks for first time since Taliban's return")
COP29 in Baku: Climate finance takes centre stage in global talks
India's strong data system can also speak for other nations who have less means and capabilities - financial or intellectual to record them, understand macroeconomic, monetary and financial aspects
 "COP29 in Baku: Climate finance takes centre stage in global talks")
A tough climate: COP29 meeting is not expected to yield much progress
COP29 intends to build on that consensus by putting funding by the Global North front and centre. But the prospects of convincing developed countries to loosen the purse-strings appear bleak
 "A tough climate: COP29 meeting is not expected to yield much progress")
India to push for accountability, fair financing, green credit at COP29
The 29th session of the climate change conference of parties (COP29) is being held from November 11-22 in Baku, the capital of Azerbaijan
 "India to push for accountability, fair financing, green credit at COP29")
COP29 kicks off; host asks nations to resolve differences on finance goal
COP29 President Mukhtar Babayev said current policies are leading the world towards 3 degrees Celsius of warming, which would be catastrophic for billions of people
UN climate talks to focus on money to help poor nations cut pollution
Curbing and coping with climate change's worsening heat, floods, droughts and storms will cost trillions of dollars
 "UN climate talks to focus on money to help poor nations cut pollution")
China's energy dominance gets boost from Trump's return to White House
China is responsible for nearly a third of the world's carbon footprint, about 2.5 times the US figure
 "China's energy dominance gets boost from Trump's return to White House")
Climate promises hang fire as big economies don't warm up to COP29
Indian minister likely to skip summit, which begins today; Trump's shadow looms over climate finance commitments
 "Climate promises hang fire as big economies don't warm up to COP29")
Multilateral banks crucial to financing fight against global warming
Financing related to climate change is especially important for developing countries, which don't have the same resources or access to credit that rich countries do
 "Multilateral banks crucial to financing fight against global warming")
COP29: India to focus on climate finance, protecting vulnerable communities
This year's negotiations are anticipated to tackle the New Collective Quantified Goal (NCQG) for climate finance, a critical benchmark that could reach trillions of dollars annually
 "COP29: India to focus on climate finance, protecting vulnerable communities")
2024 likely to be hottest yr on record again, says European climate agency
It also comes days before the next UN climate conference, called COP29, is set to begin in Azerbaijan
 "2024 likely to be hottest yr on record again, says European climate agency")
Northern Arc secures $65 mn commitment from global firms for climate fund
Located in Gujarat International Finance Tec-City (GIFT City), the climate fund will extend debt financing to growth-stage companies operating in different sectors
 "Northern Arc secures $65 mn commitment from global firms for climate fund")
Japan's Mount Fuji still without its iconic snowcap for 1st time in 130 yrs
Usually, the 3,776-metre-high mountain has sprinkles of snow falling on its summit starting October 2, about a month after the summertime hiking season there ends
 "Japan's Mount Fuji still without its iconic snowcap for 1st time in 130 yrs")
