The Prague Post - Push to salvage climate talks after poor nations bristle at cash

EUR -
AED 4.304085
AFN 73.83498
ALL 95.574182
AMD 435.26821
ANG 2.097701
AOA 1075.874055
ARS 1646.318858
AUD 1.630552
AWG 2.111021
AZN 1.987954
BAM 1.959815
BBD 2.360014
BDT 144.093943
BGN 1.954975
BHD 0.442098
BIF 3486.627888
BMD 1.171976
BND 1.496152
BOB 8.096551
BRL 5.854953
BSD 1.17169
BTN 110.71886
BWP 15.847328
BYN 3.305944
BYR 22970.724909
BZD 2.356617
CAD 1.602894
CDF 2721.917713
CHF 0.924302
CLF 0.026551
CLP 1044.956744
CNY 8.013325
CNH 8.011304
COP 4232.402944
CRC 532.987262
CUC 1.171976
CUP 31.057358
CVE 110.63999
CZK 24.360224
DJF 208.283561
DKK 7.473666
DOP 69.439741
DZD 155.271588
EGP 61.909155
ERN 17.579636
ETB 184.439734
FJD 2.574186
FKP 0.864876
GBP 0.866389
GEL 3.158508
GGP 0.864876
GHS 13.056248
GIP 0.864876
GMD 86.135705
GNF 10287.016351
GTQ 8.952262
GYD 245.142167
HKD 9.183192
HNL 31.198321
HRK 7.535099
HTG 153.493117
HUF 363.749664
IDR 20217.753847
ILS 3.464417
IMP 0.864876
INR 110.922642
IQD 1535.288246
IRR 1542320.100967
ISK 143.203607
JEP 0.864876
JMD 184.618185
JOD 0.830952
JPY 186.986974
KES 151.302977
KGS 102.465373
KHR 4699.623314
KMF 493.401588
KPW 1054.773277
KRW 1725.910743
KWD 0.360465
KYD 0.976492
KZT 537.085623
LAK 25719.007965
LBP 105009.028183
LKR 373.491901
LRD 215.350687
LSL 19.378567
LTL 3.46054
LVL 0.708916
LYD 7.436209
MAD 10.8481
MDL 20.26534
MGA 4862.527923
MKD 61.66135
MMK 2461.19521
MNT 4214.840858
MOP 9.458134
MRU 46.878767
MUR 54.825202
MVR 18.106802
MWK 2040.409615
MXN 20.371575
MYR 4.632237
MZN 74.901378
NAD 19.396421
NGN 1609.415757
NIO 43.029046
NOK 10.917458
NPR 177.150376
NZD 1.989927
OMR 0.450619
PAB 1.171695
PEN 4.120689
PGK 5.091942
PHP 71.719055
PKR 326.658936
PLN 4.248148
PYG 7344.983328
QAR 4.269801
RON 5.096106
RSD 117.42139
RUB 88.264778
RWF 1711.670598
SAR 4.39567
SBD 9.406202
SCR 16.312439
SDG 703.769858
SEK 10.851242
SGD 1.495388
SHP 0.874998
SLE 28.859903
SLL 24575.74122
SOS 669.778957
SRD 43.908085
STD 24257.532036
STN 24.904485
SVC 10.252915
SYP 129.561066
SZL 19.396162
THB 38.091393
TJS 10.990915
TMT 4.107775
TND 3.379685
TOP 2.821837
TRY 52.819817
TTD 7.967253
TWD 36.950076
TZS 3056.070874
UAH 51.638139
UGX 4358.891879
USD 1.171976
UYU 46.244336
UZS 14145.747816
VES 567.961211
VND 30879.217342
VUV 138.557541
WST 3.196931
XAF 657.297848
XAG 0.015929
XAU 0.000254
XCD 3.167323
XCG 2.111708
XDR 0.817709
XOF 655.722321
XPF 119.331742
YER 279.69188
ZAR 19.371706
ZMK 10549.173151
ZMW 22.231446
ZWL 377.375717
  • RBGPF

    0.0000

    64

    0%

  • CMSC

    -0.0300

    22.83

    -0.13%

  • BCE

    -0.0600

    23.5

    -0.26%

  • CMSD

    -0.0600

    23.2

    -0.26%

  • NGG

    0.2200

    87.45

    +0.25%

  • AZN

    -0.8300

    186.68

    -0.44%

  • RIO

    -1.4600

    98.49

    -1.48%

  • BP

    0.3800

    46.35

    +0.82%

  • BTI

    1.1500

    58.47

    +1.97%

  • RELX

    -0.3800

    36.01

    -1.06%

  • GSK

    0.2500

    54.47

    +0.46%

  • BCC

    -1.2500

    82.61

    -1.51%

  • RYCEF

    -0.2000

    15.2

    -1.32%

  • VOD

    -0.0200

    15.49

    -0.13%

  • JRI

    -0.0200

    12.81

    -0.16%

Push to salvage climate talks after poor nations bristle at cash

Push to salvage climate talks after poor nations bristle at cash

Key nations raced Saturday to salvage UN climate talks after the poorest countries pushed back angrily for more than $300 billion a year in help from historic wealthy emitters.

Text size:

More than a day past the scheduled conclusion of two days of COP29 talks, host Azerbaijan urged bleary-eyed delegates to seek consensus to avoid failure.

"I know that none of us want to leave Baku without a good outcome," COP president Mukhtar Babayev told a late-night session, urging all nations to "bridge the remaining divide".

Developing power Brazil pleaded for at least some progress and said it would seek to build on it when it leads COP30 next year in the Amazon gateway of Belem.

"After the difficult experience that we're having here in Baku, we need to reach some outcome that is minimally acceptable in line with the emergency we're facing," Brazil's environment minister Marina Silva told delegates.

A number of nations have accused Azerbaijan, an authoritarian oil and gas exporter, of lacking the experience and will to meet the moment, as the planet again sets record temperatures and faces rising deadly disasters.

Small island nations threatened by rising seas and impoverished African states on Saturday angrily stormed out of a meeting with Azerbaijan, saying their concerns had been ignored.

The European Union, United States and other wealthy countries met directly with poorer nations to work out final details, with both blocs also concerned at efforts led by Saudi Arabia to water down calls from last year's summit to phase out fossil fuels.

"If we don't do it, people at home -- in every home across the world -- would say, why did you not get an agreement? Because I believe we can," Irish climate minister Eamon Ryan told AFP.

A draft of the final text seen by AFP proposes that rich nations raise to $300 billion a year by 2035 their commitment to poorer countries to fight climate change.

It is up from $100 billion now provided by wealthy nations under a commitment set to expire -- and from $250 billion proposed in a draft Friday.

That offer was slammed as offensively low by developing countries, which have demanded at least $500 billion to build resilience against climate change and cut emissions.

Sierra Leone's climate minister Jiwoh Abdulai, whose country is among the world's poorest, called the draft "effectively a suicide pact for the rest of the world".

- Tired and 'disheartened' -

As staff at the cavernous and windowless stadium began closing down, diplomats rushed to meetings with one another, some ready with food and water in preparation for another late night.

Panama's outspoken negotiator, Juan Carlos Monterrey Gomez, voiced anger at offers by rich countries but warned not to repeat the failure of COP15 in Copenhagen in 2009.

"I'm sad, I'm tired, I'm disheartened, I'm hungry, I'm sleep-deprived, but there is a tiny ray of optimism within me because this cannot become a new Copenhagen," he told reporters.

UK Energy Secretary Ed Miliband said the revised offer of $300 billion was "a significant scaling up" of the existing pledge by developed nations, which also count the United States, EU and Japan among their ranks.

Climate activists shouted "shame" as US climate envoy John Podesta walked the halls. "Hopefully this is the storm before the calm," he said.

Wealthy nations say it is politically unrealistic to expect more in direct government funding.

Donald Trump, a sceptic of both climate change and foreign assistance, returns to the White House in January and a number of other Western countries have seen right-wing backlashes against the green agenda.

The draft deal posits a larger overall target of $1.3 trillion per year to cope with rising temperatures and disasters, but most would come from private sources.

- 'Not going backwards' -

Ali Mohamed, the Kenyan chair of the African Group of Negotiators, told AFP: "No deal is better than a bad deal."

"What we are not up for is going backwards or standing still," he said. "We might as well just have stayed at home then."

The US and EU have wanted newly wealthy emerging economies like China -- the world's largest emitter -- to chip in.

China, which remains classified as a developing nation under the UN framework, provides climate assistance but wants to keep doing so on its own voluntary terms.

The EU and other countries have also tussled with Saudi Arabia over including strong language on moving away from fossil fuels, which negotiators say the oil-producing country has resisted.

"We will not allow the most vulnerable, especially the small island states, to be ripped off by the new, few rich fossil fuel emitters," said German Foreign Minister Annalena Baerbock.

E.Cerny--TPP