The Fort Worth Press - Hopes set on G20 spurring deadlocked UN climate talks

USD -
AED 3.673042
AFN 65.503991
ALL 82.770403
AMD 381.503986
ANG 1.790055
AOA 917.000367
ARS 1431.358504
AUD 1.505118
AWG 1.8
AZN 1.70397
BAM 1.678705
BBD 2.013364
BDT 122.282772
BGN 1.67999
BHD 0.376283
BIF 2967
BMD 1
BND 1.294944
BOB 6.907739
BRL 5.439604
BSD 0.999601
BTN 89.876145
BWP 13.280747
BYN 2.873917
BYR 19600
BZD 2.010437
CAD 1.38275
CDF 2232.000362
CHF 0.804198
CLF 0.0235
CLP 921.880396
CNY 7.070104
CNH 7.069041
COP 3833.1
CRC 488.298936
CUC 1
CUP 26.5
CVE 95.103894
CZK 20.783504
DJF 177.720393
DKK 6.414904
DOP 64.250393
DZD 129.723093
EGP 47.482076
ERN 15
ETB 155.150392
EUR 0.858704
FJD 2.26045
FKP 0.748861
GBP 0.749625
GEL 2.69504
GGP 0.748861
GHS 11.45039
GIP 0.748861
GMD 73.000355
GNF 8687.503848
GTQ 7.657084
GYD 209.137648
HKD 7.78495
HNL 26.280388
HRK 6.469704
HTG 130.859652
HUF 328.020388
IDR 16689.55
ILS 3.23571
IMP 0.748861
INR 89.958504
IQD 1310
IRR 42112.503816
ISK 127.980386
JEP 0.748861
JMD 159.999657
JOD 0.70904
JPY 155.370385
KES 129.303801
KGS 87.450384
KHR 4005.00035
KMF 422.00035
KPW 899.993191
KRW 1473.803789
KWD 0.30697
KYD 0.833083
KZT 505.531856
LAK 21690.000349
LBP 89550.000349
LKR 308.334728
LRD 176.903772
LSL 16.950381
LTL 2.95274
LVL 0.60489
LYD 5.450381
MAD 9.236504
MDL 17.00842
MGA 4487.000347
MKD 52.906919
MMK 2099.939583
MNT 3546.502114
MOP 8.016033
MRU 39.860379
MUR 46.103741
MVR 15.403739
MWK 1737.000345
MXN 18.174204
MYR 4.111039
MZN 63.910377
NAD 16.950377
NGN 1450.080377
NIO 36.775039
NOK 10.105104
NPR 143.802277
NZD 1.730703
OMR 0.383822
PAB 0.999682
PEN 3.517504
PGK 4.187504
PHP 58.965038
PKR 280.375038
PLN 3.63215
PYG 6875.152888
QAR 3.64105
RON 4.372604
RSD 100.993038
RUB 76.367149
RWF 1451
SAR 3.753173
SBD 8.230592
SCR 13.523679
SDG 601.503676
SEK 9.40005
SGD 1.295404
SHP 0.750259
SLE 23.703667
SLL 20969.498139
SOS 571.503662
SRD 38.629038
STD 20697.981008
STN 21.4
SVC 8.745763
SYP 11058.244165
SZL 16.950369
THB 31.875038
TJS 9.171638
TMT 3.51
TND 2.95125
TOP 2.40776
TRY 42.526038
TTD 6.776446
TWD 31.289038
TZS 2435.000335
UAH 41.959408
UGX 3536.283383
UYU 39.096531
UZS 12005.000334
VES 254.551935
VND 26360
VUV 122.070109
WST 2.790151
XAF 563.019389
XAG 0.017168
XAU 0.000238
XCD 2.70255
XCG 1.801608
XDR 0.70002
XOF 562.503593
XPF 102.875037
YER 238.550363
ZAR 16.926304
ZMK 9001.203584
ZMW 23.111058
ZWL 321.999592
  • RBGPF

    0.0000

    78.35

    0%

  • CMSD

    -0.0700

    23.25

    -0.3%

  • GSK

    -0.1600

    48.41

    -0.33%

  • AZN

    0.1500

    90.18

    +0.17%

  • NGG

    -0.5000

    75.41

    -0.66%

  • SCS

    -0.0900

    16.14

    -0.56%

  • RYCEF

    -0.1600

    14.49

    -1.1%

  • CMSC

    -0.0500

    23.43

    -0.21%

  • RELX

    -0.2200

    40.32

    -0.55%

  • RIO

    -0.6700

    73.06

    -0.92%

  • VOD

    -0.1630

    12.47

    -1.31%

  • BCC

    -1.2100

    73.05

    -1.66%

  • BCE

    0.3300

    23.55

    +1.4%

  • JRI

    0.0400

    13.79

    +0.29%

  • BTI

    -1.0300

    57.01

    -1.81%

  • BP

    -1.4000

    35.83

    -3.91%

Hopes set on G20 spurring deadlocked UN climate talks
Hopes set on G20 spurring deadlocked UN climate talks / Photo: © AFP

Hopes set on G20 spurring deadlocked UN climate talks

Nations return to deadlocked UN climate talks Monday, with hopes that G20 leaders meeting on the other side of the world can rally support behind a deal for poorer countries.

Text size:

Halfway through two weeks of bargaining in a cavernous stadium in Azerbaijan, diplomats are no closer to an agreement that will define the success or failure of COP29.

Government ministers taking over the negotiations in Baku have until Friday to break the impasse over how to provide the developing world with the money it needs to tackle global warming.

Pressure is mounting on G20 leaders to throw their weight behind the stalled process when they meet in Brazil for their annual summit.

"A successful outcome at COP29 is still within reach, but it will require leadership and compromise, namely from the G20 countries," UN Secretary-General Antonio Guterres said Sunday in Rio de Janeiro, where he is attending the G20 summit of the world's biggest economies.

"The spotlight is naturally on the G20. They account for 80 percent of global emissions," Guterres said, calling on the group to "lead by example."

- Hosts under pressure -

The conference opened in the shadow of Donald Trump's re-election in the United States, and efforts to shore up support for the global climate fight took another knock when Argentina's delegation withdrew from the summit.

The nearly 200 nations at COP29 are negotiating a new deal to provide developing countries enough money to cut emissions of heat-trapping gases and build resilience against worsening climate shocks.

This will require $1 trillion a year in outside assistance by the end of the decade, according to independent economists commissioned by the United Nations to assess the needs of developing countries excluding China.

Climate-vulnerable nations want a chunk of this paid by developed countries, but donors say they cannot raise that money alone and the private sector must also be involved.

They also want wealthy emerging economies not obligated to pay climate finance -- most notably China -- to share the burden.

The European Union is the biggest contributor to international climate finance but faces political and budget pressure, and could be left exposed should the US refuse to pay up under Trump.

The haggling in Baku has been glacial, but a meeting between Chinese and European officials was seen as a glimmer of hope in an otherwise gloomy week.

The COP29 host, Azerbaijan, lacks diplomatic experience at a time when observers say crucial leadership is needed to steer what some see as the most complex climate negotiations in years.

Azerbaijan's president, Ilham Aliyev, also came under fire for defending fossil fuels, while his fiery remarks about France's colonial history resulted in Paris's climate envoy cancelling her ticket to Baku.

Besides the finance impasse, a fight is also brewing over whether countries at COP29 should recommit to last year's landmark pledge to move the world away from fossil fuels.

A dispute over whether to include this issue on the formal COP29 agenda delayed the opening of the summit itself by several hours on day one.

"We are extremely disappointed" that efforts to cut emissions were little more than a "blank page" at COP29, Veronika Skolasztika Bagi, speaking on behalf of the EU, said Saturday.

S.Palmer--TFWP