Seema Javed’s Post

In our recent video, our Early Believer Ambrish highlighted a crucial perspective: the economic advancement of developed nations often comes at the expense of developing countries, which serve as resource producers while developed countries act as resource consumers. This dynamic was further underscored at COP29, where global climate finance commitments once again fell far short of what was demanded and required. 🚨 https://lnkd.in/gBGT6d8u

A slight change of pace with today's story, about #COP29 negotiations over climate change financing. Following another year of record-high global heat and extreme weather events, UN climate chief Simon Stiell has told delegates setting an ambitious new climate finance target is crucial for the well-being of all nations, including the wealthiest and most powerful. And COP29 has also about the importance of finance in helping less developed nations prepare and be compensated for the impacts of climate change - but those talks have been slow. Hear (and read) all about here: https://lnkd.in/gKmnu57f

Content from COP29 Azerbaijan... As COP29 negotiators push for a breakthrough on global climate finance, the spotlight is on actionable solutions that drive transparency, accountability, and impact. Jochen Flasbarth, an influential figure at the summit, called for collaboration to address the financing gaps for developing nations while ensuring measurable outcomes. RS Metrics' AssetTracker and ESGSignals products can empower stakeholders with geospatial insights to evaluate climate risks, track emissions, and monitor progress — aligning with the principles of precision and accountability vital for climate finance. #ClimateFinance #COP29 #GeospatialData Explore more at: https://hubs.li/Q02YR6-d0

Content from COP29 Azerbaijan... As COP29 negotiators push for a breakthrough on global climate finance, the spotlight is on actionable solutions that drive transparency, accountability, and impact. Jochen Flasbarth, an influential figure at the summit, called for collaboration to address the financing gaps for developing nations while ensuring measurable outcomes. RS Metrics' AssetTracker and ESGSignals products can empower stakeholders with geospatial insights to evaluate climate risks, track emissions, and monitor progress — aligning with the principles of precision and accountability vital for climate finance. #ClimateFinance #COP29 #GeospatialData Explore more at: https://hubs.li/Q02YRjXN0

Content from COP29 Azerbaijan... As COP29 negotiators push for a breakthrough on global climate finance, the spotlight is on actionable solutions that drive transparency, accountability, and impact. Jochen Flasbarth, an influential figure at the summit, called for collaboration to address the financing gaps for developing nations while ensuring measurable outcomes. RS Metrics' AssetTracker and ESGSignals products can empower stakeholders with geospatial insights to evaluate climate risks, track emissions, and monitor progress — aligning with the principles of precision and accountability vital for climate finance. #ClimateFinance #COP29 #GeospatialData Explore more at: https://hubs.li/Q02YRjwG0

According to the UNFCCC's Standing Committee on Finance, USD 5.8 trillion to USD 11.5 trillion is required by 2030 to meet the targets set by developing countries in their national climate plans (Nationally Determined Contributions or NDCs). https://lnkd.in/g7hw9Tny

We need to get a climate deal in #Baku at #COP29 including financing for worldwide #climateaction. State secretary Jochen Flasbarth spoke to The Guardian about what is at stake: https://lnkd.in/egXYH7Wu

As COP29 unfolds in Baku, the urgency of addressing climate finance has never been more pronounced. The negotiations are fraught with challenges, and in particular, there is a stark lack of progress on adaptation. No country is willing to pay the increasing climate bill. However, the costs associated with climate change will not diminish if countries bury their heads in the sand. Rather, they will escalate unless critical investments are made now. Adaptation to climate change is not a future concern—it is a present necessity. Read more on this comment piece by Mattias Söderberg, Bertha Iris Argueta Tejeda, Cristina Rumbaitis del Rio & Ana Mulio Alvarez 👇

It was only on the last scheduled day of two weeks of negotiations at the UN Cop29 climate summit that developed countries put a financial commitment on the table for the first time. In reality, this offer took not just two weeks of talks to prepare, but nine years – since article 9 of the Paris agreement in 2015 made it clear that the rich industrialised world would be obliged to supply cash to developing countries to help them tackle the climate crisis. https://lnkd.in/eit-UJTU