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"[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."

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Is Climate Change an Existential Threat?

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

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

The aid, clinched after two weeks of intense negotiations, is far from the full amount ($1.3T) that developing countries had requested, but is higher than the $100B currently provided. The final agreement forced an extra day of talks after dozens of countries staged a walkout.

New York Times

The Telegraph

The aid, clinched after two weeks of intense negotiations, is far from the full amount ($1.3T) that developing countries had requested, but is higher than the $100B currently provided. The final agreement forced an extra day of talks after dozens of countries staged a walkout.

The agreement, which called for all parties to use public and private sources to approach the $1.3T goal, also includes a "Fund for Loss and Damage," which already has $730M in pledged funding — the largest donors for that fund are Australia and Sweden.

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Cop29

The agreement, which called for all parties to use public and private sources to approach the $1.3T goal, also includes a "Fund for Loss and Damage," which already has $730M in pledged funding — the largest donors for that fund are Australia and Sweden.

They also dealt with carbon trading, introducing state-to-state and corporate mechanisms to fund projects like reforestation and clean energy. The goal is to address issues of unregulated markets, though concerns about quality persist.

They also dealt with carbon trading, introducing state-to-state and corporate mechanisms to fund projects like reforestation and clean energy. The goal is to address issues of unregulated markets, though concerns about quality persist.

While Australia, Ireland, Mexico, the Asian Development Bank, and the EU pledged support for loss and damage, net-zero goals, renewable energy, and coal phase-out, the US, UK, Germany, Sweden, and Canada focused on Climate Investment Funds, deforestation, methane cuts, and glacier impacts.

While Australia, Ireland, Mexico, the Asian Development Bank, and the EU pledged support for loss and damage, net-zero goals, renewable energy, and coal phase-out, the US, UK, Germany, Sweden, and Canada focused on Climate Investment Funds, deforestation, methane cuts, and glacier impacts.

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

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

Washington Post #

New York Times #1286

NBC #8494

These global climate initiatives only pretend to help the poor while resulting in the exact opposite. Carbon credit systems, for example, are designed to monetize natural resources and convert forests and ecosystems into tradable assets, benefitting investors while marginalizing local communities. These schemes often impose surveillance measures, infringe on national sovereignty, and prioritize profit over genuine environmental stewardship.

These global climate initiatives only pretend to help the poor while resulting in the exact opposite. Carbon credit systems, for example, are designed to monetize natural resources and convert forests and ecosystems into tradable assets, benefitting investors while marginalizing local communities. These schemes often impose surveillance measures, infringe on national sovereignty, and prioritize profit over genuine environmental stewardship.

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Debt From Above: The Carbon Credit Coup

Given 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 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.

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

CBS #6800

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

This 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.

This 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.

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Forbes #

Developing Nations, NGOs Reject ‘Disaster’ COP29 Climate Deal

BBC News

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.

Metaculus #

How much global warming by 2100?

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COP29 Agrees on $300B Climate Finance Deal

Sean Gallup/Staff/Getty Images News via Getty Images

COP29 Agrees on $300B Climate Finance Deal

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These global climate initiatives only pretend to help the poor while resulting in the exact opposite. Carbon credit systems, for example, are designed to monetize natural resources and convert forests and ecosystems into tradable assets, benefitting investors while marginalizing local communities. These schemes often impose surveillance measures, infringe on national sovereignty, and prioritize profit over genuine environmental stewardship.

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COP29 Agrees on $300B Climate Finance Deal

COP29 Agrees on $300B Climate Finance Deal

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