The central focus of COP29 negotiations is on a bigger target for climate finance – the money rich nations provide poor nations to help with their energy transition and climate resilience.
  • solo@slrpnk.netEnglish
    2·
    8 days ago

    Relevant article that talks about Cop29 in relation to previous ones: What should we expect at COP29?

    Last year at COP28 in Dubai, countries agreed to “transition away” from fossil fuels for the first time ever.

    But the ‘UAE Consensus’ was less a consensus and more of a watered-down pledge, leaving many advocates disappointed as no promises were made to fully phase out oil, gas and coal.

    This outcome was likely shaped by the presence of thousands of fossil fuel lobbyists at the event, which was itself hosted by a petrostate and led by the CEO of a state-owned oil company who openly dismissed the need for a fossil fuel phaseout.