COP29: 1.3 trillion US dollars
A new draft agreement on financing climate programs, unveiled at the 29th session of the UN Conference on Climate Change (COP29), proposes allocating at least $1.3 trillion (€1.23 trillion) annually for climate protection measures and adaptation to the impact of climate change, according to a 34-page document released on Wednesday. The draft, developed with input from developing nations, aims to address the needs of the world's poorest countries, though several contentious issues remain unresolved, AFP reported.
The draft agreement prioritizes financial support for the least economically developed nations—predominantly African countries—which are seeking at least $220 billion in annual funding. Small island states, grappling with rising sea levels, are pushing for $39 billion to address climate-related vulnerabilities.
The initial draft, prepared by Egypt and Australia, faced significant backlash from developing countries on November 12. Critics argued that the document favored the interests of wealthy, industrialized nations, failing to adequately address the needs of vulnerable economies.
In response, the new proposal outlines three options for mobilizing financial resources. The first option, backed by developing countries, calls for climate finance to be exclusively funded by industrialized nations. The second option, supported by wealthy states, suggests broadening the pool of donor countries to include affluent emerging economies, such as China. A third, compromise-based option offers a balanced approach but does not yet resolve the disagreements between the parties.
Delegates at COP29 will now engage in intensive negotiations to finalize the agreement, with discussions expected to continue until November 22. The outcome is anticipated to be a critical step in aligning global financial flows with climate mitigation and adaptation goals.
Politics
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U.S. Secretary of State Antony Blinken on Wednesday issued a statement on escalating crackdown on Azerbaijani civil society and media, urging authorities in Baku to release all those unjustly detained, cease its crackdown, and fulfill the commitments, TURAN's Washington correspondent reports.
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A charter flight operated by Enter Air departed from Yerevan to Baku on Wednesday evening, according to Armenian media citing data from Flightradar24. At Yerevan’s Zvartnots Airport, Sputnik Armenia reported that this was a charter flight.
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On Wednesday, a group of famous footballers arrived in Baku. Lionel Messi, Luis Suárez, Sergio Busquets, and Jordi Alba visited several public and cultural sites in the capital and took part in a meeting with football fans at the Crystal Hall.
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On Wednesday, the trial of activist and veteran of the First Karabakh War, Rza Safarsoy, accused of illegal possession of firearms, concluded at the Khazar District Court. The prosecutor recommended a sentence of 3 years in prison for him. The defense requested Safarsoy's acquittal, arguing that his guilt had not been proven during the trial.
Сирия близка как распаду, а карта Ближнего Востока пишется заново - беседа со Станиславом Тарасовым
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