They're here to finance climate action. But COP29 is more about bickering

Charles III

Donald Trump

Elon Musk

Joe Biden

Nancy Pelosi

Xi Jinping

Rishi Sunak

Kamala Harris

Justin Trudeau

Narendra Modi

Bill Gates

Pope Francis

Janet Yellen

Emmanuel Macron

Olaf Scholz

Angela Merkel

Yuval Noah Harari

António Guterres

Alexandria Ocasio-Cortez

Barack Obama

Kofi Annan

Michael Mann

James Inhofe

Greta Thunberg

David Attenborough

Giorgia Meloni

Patrick Michaels

Jane Goodall

Bjorn Lomborg

Freeman Dyson

Metaculus

"[C]limate change is just a very, very expensive form of tax."

"I believe in climate change caused by human beings. What I'm skeptical about is the glib notion that it means the end of the world as we know it."

"The clock is no longer just ticking, it is banging."

"There is no long-term prosperity without action on climate change."

"The time for seeking global solutions [to climate change] is running out."

"The climate crisis is the existential threat. That's not hyperbole; it's a fact."

"[W]e are killing our planet."

Climate change is "above all, an existential crisis."

"Climate change is one of the greatest challenges mankind faces."

"If we don't take action, the collapse of our civilisations and the extinction of much of the natural world is on the horizon."

"Humanity is on thin ice — and that ice is melting fast."

"We haven't yet exceeded the bounds of viable human civilisation, but we're getting close."

Is Climate Change an Existential Threat?

On Sunday, wealthy countries at the UN Climate Change Conference (COP29) in Baku, Azerbaijan, agreed to provide at least $300B annually in climate aid to developing countries by 2035.

UN News

The Washington Post

On Sunday, wealthy countries at the UN Climate Change Conference (COP29) in Baku, Azerbaijan, agreed to provide at least $300B annually in climate aid to developing countries by 2035.

The aid, clinched after two weeks of intense negotiations, isn't near the full amount of $1.3T that developing countries had requested to cope with the effects of climate change.

nytimes

The aid, clinched after two weeks of intense negotiations, isn't near the full amount of $1.3T that developing countries had requested to cope with the effects of climate change.

The agreement also called for all parties to work together using public and private sources to get closer "to the amount of USD 1.3 trillion per year by 2035."

Unfccc

The agreement also called for all parties to work together using public and private sources to get closer "to the amount of USD 1.3 trillion per year by 2035."

Previously, wealthy nations agreed to provide $100B annually in climate finance by 2020 to developing nations most vulnerable to climate disasters. That pledge was only met in 2022.

Reuters

Previously, wealthy nations agreed to provide $100B annually in climate finance by 2020 to developing nations most vulnerable to climate disasters. That pledge was only met in 2022.

Major world leaders, including US Pres. Joe Biden and Chinese Pres. Xi Jinping, were notably absent from the conference, while representatives from Taliban-ruled Afghanistan attended for the first time.

Major world leaders, including US Pres. Joe Biden and Chinese Pres. Xi Jinping, were notably absent from the conference, while representatives from Taliban-ruled Afghanistan attended for the first time.

The summit, attended by thousands of delegates from 200 countries and fossil fuel industry leaders, occurred against the backdrop of 2024 being on track to become the hottest year on record.

Guardian

The summit, attended by thousands of delegates from 200 countries and fossil fuel industry leaders, occurred against the backdrop of 2024 being on track to become the hottest year on record.

NBC #8494

A draft agreement proposed $250 billion annually by 2035 from wealthy nations to developing countries, falling significantly short of the $1 trillion requested by developing nations.

Major world leaders, including Presidents Biden and Xi Jinping, were notably absent from the conference, while representatives from Taliban-ruled Afghanistan attended for the first time.

The conference occurred against the backdrop of 2024 being on track to become the hottest year on record, according to the World Meteorological Organization.

Approximately 50,000 people from 200 countries participated in the conference, which aimed to establish a critical deal on climate finance.

The U.S. Energy Secretary Jennifer Granholm emphasized that despite potential political changes, about 400,000 people have been hired due to climate-related bills, making it difficult to reverse progress.

Developing nations argue that $1.3 trillion annually is necessary to address climate adaptation, damage recovery, and clean energy transition. The current proposal severely undermines the ability of vulnerable countries to combat climate change impacts they didn't cause, while wealthy nations avoid their legal obligations.

Negotiators work through the night at UN climate talks to try to reach a cash deal for poor nations

Global Climate Finance Deal Stalls at COP29 Summit

Climate change

Weather

Fossil fuel

Finance

Given the developed countries' current economic constraints and domestic challenges, the $300B a year COP29 climate deal represents a realistic commitment. The amount already triples previous commitments and reflects the maximum feasible contribution while balancing other national priorities. It's an important down payment toward a safer, more equitable future.

Given the developed countries' current economic constraints and domestic challenges, the $300B a year COP29 climate deal represents a realistic commitment. The amount already triples previous commitments and reflects the maximum feasible contribution while balancing other national priorities. It's an important down payment toward a safer, more equitable future.

Fox 59

Ap Heres What To Know About The New Funding Deal That Countries Agreed To At Un Climate Talks

CBS News

Compromise deal reached at COP29 climate talks for $300 billion a year to poor nations

The agreement is woefully insufficient and falls short of the $1.3T needed to address climate adaptation, damage recovery, and clean energy transition. The current proposal severely undermines the ability of the poorest and most vulnerable nations to combat climate change impacts they didn't cause, while wealthy nations avoid their legal obligations.

The agreement is woefully insufficient and falls short of the $1.3T needed to address climate adaptation, damage recovery, and clean energy transition. The current proposal severely undermines the ability of the poorest and most vulnerable nations to combat climate change impacts they didn't cause, while wealthy nations avoid their legal obligations.

Forbes

Developing Nations, NGOs Reject ‘Disaster’ COP29 Climate Deal

BBC News

Climate deal too little too late, poorer nations say

There's a 50% chance that there will be at least 2.95°C of global warming by 2100, according to the Metaculus prediction community.

There's a 50% chance that there will be at least 2.95°C of global warming by 2100, according to the Metaculus prediction community.

How much global warming by 2100?

Sean Gallup/Staff/Getty Images News via Getty Images

COP29 Agrees on $300B Climate Finance Deal

Sean Gallup/Staff/Getty Images News via Getty Images

COP29 Agrees on $300B Climate Finance Deal

COP29 Agrees on $300B Climate Finance Deal

GlobalCOP29 Agrees on $300B Climate Finance Deal Stalls at COP29 Summit

The Spin

Metaculus Prediction

The Controversies

Trump

Michaels

Harris

Sunak

Francis

Biden

Macron

Thunberg

Merkel

Attenborough

Guterres

Mann

Articles on this story

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COP29 Agrees on $300B Climate Finance Deal

GlobalCOP29 Agrees on $300B Climate Finance Deal Stalls at COP29 Summit

The Spin

Metaculus Prediction

The Controversies

Trump

Michaels

Harris

Sunak

Francis

Biden

Macron

Thunberg

Merkel

Attenborough

Guterres

Mann

Articles on this story

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