Andrea Maibaum’s Post

Climate negotiations in Baku this November are set to attract less attention from businesses and world leaders compared to COP28 in Dubai last year, however there are still some very important agenda items on the table including climate finance and Article 6. For anyone wishing to discuss more about COP29 and what it means, do reach out!

Developed nations have agreed to help channel “at least” $300bn a year into developing countries by 2035 to support their efforts to deal with climate change. However, the new climate-finance goal – agreed along with a range of other issues at the COP29 summit in Baku, Azerbaijan – has left developing countries bitterly disappointed. They were united in calling for developed countries to raise $1.3tn a year in climate finance. In the end, negotiators agreed on a looser call to raise $1.3tn each year from a wide range of sources, including private investment, by 2035. https://lnkd.in/ehwcBMXq

Day 4 at COP29 in Baku, Azerbaijan, and the mood seems testy. It’s a good reminder why many COP veterans wish for lower profile, and less political, climate conferences. That’s not likely any time soon, not as long as climate politics trump (pun intended) climate policy. Today’s highlight was Argentina’s withdrawal from COP29. The country is now ruled by an outspoken climate denier, Javier Milei, who just hours after the COP dust-up met with Donald Trump at Mar-a-Lago. He was the first foreign leader to meet with Trump since the election, which quickly sparked chatter they’d conspire to withdraw both their countries from the Paris agreement. And speaking of Paris, France’a chief negotiator also pulled out of Baku, after the host country accused France of colonial atrocities. The climate talks continue Friday but they’re already looking wounded. A decade ago, Paris reflected a rare moment of global unity. Today, Baku seems to reflect a world divided anew. #COP29 #climate #UN #climatechange

A week out from COP29 in Baku, there's lots to talk about. Myself and Charlie Morrow are covering the conversations for Cognito so you don't have to. Drop me a note if you want to receive our newsletters pre, during and post conference. This week's headlines: All eyes were on Trump's decisive re-election to the White House. This raised questions about the implications on global climate transition efforts and the nature of the conversations at COP. A Republican win will inevitably lead to a US retreat from international climate diplomacy and backpedalling on policies. Sentiment is split between pessimism over potential setbacks in climate progress in the coming years and optimism that collaboration can drive continued efforts toward sustainable targets Beyond the US...the UK's recent budget statement showed a lacklustre commitment to climate action. Disappointment felt at COP16 in Columbia last weekend, which ended in “disarray and indecision.” Meanwhile deadly floods in Spain further demonstrate the pressing need for action and investment at COP29. A senior official in Azerbaijan's COP29 team reportedly used his role to facilitate further fossil fuel investment, deepening host country concerns this week. Former UN individuals have called this "completely unacceptable." Ursula von der Leyen, the European Commission president, Emmanuel Macron, Joe Biden, and other influential officials announced their decision to miss COP29. This adds to the list of big names who won't be present. Despite these headwinds, there is hope. These developments have created a renewed urgency to reach significant agreements during negotiations in Azerbaijan. As Christiana Figueres put it this week..."The result from this election will be seen as a major blow to global climate action, but it cannot and will not halt the changes underway to decarbonise the economy and meet the goals of the Paris Agreement” #COP #COP29 #ClimateCommunications #ESG #ClimateFinance #Sustainability #TransitionFinance #Communications

🌍As we enter into the final negotiations in the coming days at COP29 Azerbaijan we're asking leaders for an ambitious and inclusive New Collective Quantified Goal. 💸Climate finance is a critical enabler of climate action and will be particularly relevant at #COP29 because the New Collective Quantified Goal on climate finance (NCQG) is set to be agreed. 🗼The NCQG is a key element of the Paris Agreement, designed to set a new financial target to support developing countries in their climate actions post-2025, replacing the previous goal of US $100 billion a year. 🤝The NCQG must be robust and inclusive, and COP29 negotiations should agree clear commitments on the quantity, scope, instruments and source of finance, including from the private sector. Read our COP29 Asks: https://lnkd.in/eXz4N45H #COP29Baku #CISLCOP29 #CambridgeForOurPlanet Lindsay Hooper Eliot Whittington Beverley Cornaby Laura Cochrane-Davies Jessica Attard Viola A. M. Isabelle Cross Katherine Quinn Aoife Blanchard Tsvetelina Kuzmanova James Cole Adele Williams University of Cambridge

#Trump is back in power... This will have dramatic consequences, not only within the USA, but worldwide. One of the first victims of his upcoming 2nd term will be #climatepolicy. In a few days, #COP29 will begin. Appropriately enough, in "the oldest known oil-producing region in the world". We asked Dorothy Guerrero to write an analysis of the upcoming negotiations in Baku, #Azerbaijan for the Productive Transformation Working Group of transform! europe. here is the link: https://lnkd.in/e7-csW-Q - What will be at the center of the international negotiations this year? - What will the global climate justice movement push for? - What should left-wing actors pay attention to and last but not least, - What should we, left-wing actors in the EU, do? We are very grateful to the author for providing us with this up-to-date analysis! 🙏

BLOG | #COP29 COP29 concluded with significant yet contentious outcomes that highlight the complexities of global #climatediplomacy. Among the key achievements was the finalization of Article 6 of the #ParisAgreement, a landmark framework governing international #carbonmarkets. While heralded by some as a breakthrough for international cooperation, critics caution against the potential pitfalls of these markets, particularly in their current form. These developments, alongside ongoing debates over #climatefinance and fossil fuel transition, underscore the urgent need for bold, equitable, and enforceable climate action. More here 👇 #ClimateAction #Baku #SDGs

I wasn’t in Baku to cover COP29, but I was able to get some feedback from veteran climate campaigners who were there and witnessed how industrialized nations, despite the fact that they have a historical responsibility to provide climate financing for the Global South, were reluctant to do so. Their reasons: budget constraints, global economic slowdown, the Russia-Ukraine war and their insistence that large developing economies like China should also contribute to climate finance.   After two weeks of bitter negotiations, COP 29 closed with rich nations pledging a $300 billion per year climate finance which is woefully inadequate. The developing nations had proposed $1.3 trillion annual assistance from the developed countries.   One of my frequent interviewees, my ‘suking analyst’ so to speak, Red Constantino told me this: "What I witnessed was the usual - fossil fuel lobbyists, some masquerading as government officials, throwing monkey wrenches at the process and spreading disinformation, with the Baku presidency enabling another race to the bottom. Worse, so-called leaders of the West scurrying around so timidly, small in their ambition and credibility. It was the leaders of small island developing states and least developed countries who stood straight throughout, tired, exhausted, but determined to see a just outcome." Although Red is willing to be quoted, this wasn’t in my story (I’m only allotted 700 words max for my news analysis), but Red’s first-hand account has provided the context that I needed as I write this story: #cop29 #climatefinance #Asianews #GlobalSouth

What to think of COP29 in Baku (compared with e.g. COP26 in Glasgow)? Well- I asked ChatGTP- and I received the following: What a difference 3 Years can make! Sent by Copilot: COP29 in Baku: The Good, The Bad, and The Ugly The 29th Conference of the Parties (COP29) in Baku, Azerbaijan, concluded with a mix of achievements, disappointments, and controversies. Here’s a breakdown of the outcomes: The Good Climate Finance Commitment: One of the most significant outcomes was the pledge by developed nations to contribute at least $300 billion annually to climate finance by 20351. This funding aims to support developing countries in their efforts to combat climate change and adapt to its impacts. Carbon Market Rules: COP29 finalized the rules for a global carbon market under Article 6 of the Paris Agreement. This framework will facilitate the trading of carbon credits, incentivizing countries to reduce emissions and invest in climate-friendly projects. Gender and Climate Change: The extension of programs focused on gender and climate change was another positive step, ensuring that climate policies are inclusive and equitable. The Bad Insufficient Funding: Despite the $300 billion pledge, many developing nations expressed disappointment, arguing that the amount falls short of the $1.3 trillion they had sought2. They believe this funding is insufficient to address the complexities of the climate crisis effectively. Delayed Action: The commitment to reach the $300 billion goal by 2035 was seen as too far in the future, delaying immediate action needed to tackle urgent climate challenges3. The Ugly Contentious Negotiations: The negotiations were marked by intense disputes and accusations, with some countries feeling sidelined in the decision-making process. Reports of walkouts and last-minute deals highlighted the deep divisions between developed and developing nations. Conflict of Interest: Azerbaijan, the host  country, faced criticism for potential conflicts of interest due to its heavy reliance on fossil fuels. This raised concerns about the impartiality of the COP29 presidency and its ability to lead effective climate negotiations. In summary, COP29 in Baku made some progress, particularly in climate finance and carbon market rules, but it also exposed significant gaps and challenges in global climate diplomacy. The outcomes underscore the need for more ambitious and inclusive efforts to address the climate crisis.

Sao - thank you Benar News- Sera Sefeti for allowing me to update and share our Pacific climate diplomacy here in BAKU. In awe and grateful for our Pacific journalists covering our stories and perspectives at COP spaces. Vinaka https://lnkd.in/g27YE9UG Trump win, 1.5 C warming breach weigh on UN COP climate finance talks Pacific nations want clear commitments at COP29 on loss and damage funds for climate adaptation from high-emitters. Sera Sefeti 2024.11.10 Baku, Azerbaijan Share on Facebook Pacific delegates fear the implications of a Trump presidency and breach of the 1.5 degree Celsius warming target will overshadow negotiations on climate finance at the U.N.’s annual COP talks starting in Azerbaijan this week. At the COP29 summit – dubbed the “finance COP” – Pacific nations will seek not just more monetary commitment from high-emitting nations but also for the funds to be paid and distributed to those countries facing the worst climate impacts. With the U.S. as one of the world’s largest emitters, it is feared Trump’s past withdrawal from the Paris Agreement could foreshadow diminished American involvement in climate commitments. “We have our work cut-out for us. We are wary that we have the Trump administration coming through and may not be favorable to some of the climate funding that America has proposed,” Samoan academic and COP veteran Salā George Carter told BenarNews. “We will continue to look for other ways to work with the U.S., if not with the government then maybe with businesses.” This year, for the first time, a COP President’s Scientific Council has been formed to be actively involved in the negotiations. Carter is the sole Pacific representative. Past COP funding promises of U.S.$100 billion annually from developed countries to support vulnerable nations “has never been achieved in any of the years,” he said. About 40,000 delegates will attend COP29 from all the U.N. member states including political leaders, diplomats, scientists, officials, civil society organizations, journalists, activists, Indigenous groups and many more. All nations are party to the 1992 United Nations Framework Convention on Climate Change (UNFCCC) and most signed up to the 2015 Paris Climate Agreement and the 1.5 degree target. Pacific Islands Forum Secretary General Baron Waqa in a statement on Monday said “the priorities of the Pacific Islands countries, include keeping the 1.5 degree goal alive.” “The outcomes of COP 29 must deliver on what is non-negotiable - our survival,” he said. ANU College of Asia & the Pacific ANU Institute for Climate, Energy & Disaster Solutions