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

EUR -
AED 4.114065
AFN 72.259582
ALL 90.790621
AMD 404.158249
ANG 2.004979
AOA 1027.255243
ARS 1706.277137
AUD 1.593279
AWG 2.019222
AZN 1.908846
BAM 1.955598
BBD 2.254667
BDT 138.445698
BGN 1.95798
BHD 0.422456
BIF 3355.553362
BMD 1.120234
BND 1.430852
BOB 13.181638
BRL 5.562192
BSD 1.119484
BTN 106.219027
BWP 15.421407
BYN 3.28696
BYR 21956.591821
BZD 2.251367
CAD 1.568609
CDF 2594.46299
CHF 0.92428
CLF 0.028335
CLP 1115.204868
CNY 7.480981
CNH 7.472639
COP 3529.197267
CRC 510.847228
CUC 1.120234
CUP 26.866225
CVE 110.25361
CZK 24.330933
DJF 199.339408
DKK 7.473811
DOP 68.662907
DZD 150.487454
EGP 61.701626
ERN 16.803514
ETB 182.080891
FJD 2.506193
FKP 0.837207
GBP 0.83759
GEL 2.901844
GGP 0.837207
GHS 12.979659
GIP 0.837207
GMD 82.897735
GNF 9906.976581
GTQ 8.557116
GYD 234.45578
HKD 8.78527
HNL 30.053895
HRK 7.537165
HTG 146.714844
HUF 366.731529
IDR 20269.350965
ILS 3.478944
IMP 0.837207
INR 106.361208
IQD 1697.024692
IRR 2052689.282929
ISK 136.422562
JEP 0.837207
JMD 177.661647
JOD 0.79429
JPY 175.72038
KES 145.354984
KGS 97.962924
KHR 4573.527541
KMF 492.347215
KPW 1008.210806
KRW 1482.658115
KWD 0.348046
KYD 0.932904
KZT 508.267495
LAK 25190.397759
LBP 100245.344367
LKR 371.711601
LRD 190.860284
LSL 18.546684
LTL 3.307761
LVL 0.677619
LYD 7.169259
MAD 10.995664
MDL 20.205913
MGA 5062.477032
MKD 61.598637
MMK 2352.882903
MNT 4032.906877
MOP 9.043866
MRU 44.738378
MUR 52.830672
MVR 17.319246
MWK 1941.099479
MXN 20.912986
MYR 4.576498
MZN 71.587148
NAD 18.546684
NGN 1492.219693
NIO 41.195744
NOK 10.482469
NPR 169.950444
NZD 1.961367
OMR 0.429016
PAB 1.119384
PEN 3.844503
PGK 5.013482
PHP 71.267107
PKR 309.775499
PLN 4.40251
PYG 6474.331183
QAR 4.080578
RON 5.3545
RSD 117.984237
RUB 89.990404
RWF 1653.929144
SAR 4.202624
SBD 9.045421
SCR 15.663382
SDG 673.825035
SEK 11.125947
SGD 1.430432
SHP 0.837151
SLE 25.709792
SLL 23490.757589
SOS 639.733914
SRD 42.176265
STD 23186.587781
STN 24.497469
SVC 9.794988
SYP 14565.285711
SZL 18.546084
THB 37.830725
TJS 10.315634
TMT 3.932022
TND 3.342755
TOP 2.697255
TRY 55.679905
TTD 7.606214
TWD 36.503734
TZS 2963.693842
UAH 50.679165
UGX 4931.490563
USD 1.120234
UYU 44.895362
UZS 13396.616091
VES 985.569686
VND 28949.654292
VUV 133.227286
WST 3.09712
XAF 655.957
XAG 0.020782
XAU 0.000280356799
XCD 3.02749
XCG 2.017492
XDR 0.792064
XOF 655.957
XPF 119.331742
YER 264.491333
ZAR 18.566461
ZMK 10083.456786
ZMW 22.506675
ZWL 360.71498
SSP 6436.661213
MXV 2.360302
  • BCC

    -0.5500

    77.74

    -0.71%

  • GSK

    -0.4600

    50.75

    -0.91%

  • RIO

    -0.7200

    83.42

    -0.86%

  • AZN

    -1.0800

    171.49

    -0.63%

  • CMSC

    0.0000

    19.6

    0%

  • BCE

    -0.4100

    20.4

    -2.01%

  • BTI

    -0.9900

    59.48

    -1.66%

  • CMSD

    0.1800

    19.78

    +0.91%

  • NGG

    -0.7800

    81.86

    -0.95%

  • RBGPF

    2.6200

    72.77

    +3.6%

  • JRI

    0.0700

    10.75

    +0.65%

  • RELX

    -0.0800

    40.54

    -0.2%

  • BP

    1.2700

    51.32

    +2.47%

  • RYCEF

    -1.7500

    15.26

    -11.47%

  • VOD

    -0.3800

    15.74

    -2.41%

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