Baku’s COP29 legacy: a new era in climate finance or too little, too late?
Several delegates stressed the significance of having reached an agreement and making progress in “difficult geopolitical times”.
Like many before it, the 29th edition of the United Nations Conference on Climate Change needed extra time for an overall agreement to be reached.
In the early hours of Sunday, exhausted delegates in Baku finally reached a compromise on the most crucial issue of COP29: a new climate financing framework. The UN Climate Change Executive Secretary Simon Stiell called it an “insurance policy for humanity”, adding that “like any insurance policy, it only works if premiums are paid in full and on time. Promises must be kept to protect billions of lives.”
Baku’s COP29 legacy: a new era in climate finance or too little, too late?
EU admits to loss of control over migration as crackdown efforts intensify
EU STRATEGY UPDATE
This morning, Europe prepares for key discussions on energy policy and security reforms.
Urgent measures reflect ongoing geopolitical challenges.
Trump Calls Pause on US Naval Operations in Strait of Hormuz Amid Talks
STRATEGIC PAUSE
Trump announces a halt to US operations guiding vessels in the Strait of Hormuz this morning.
Iran continues diplomatic negotiations with US officials