The Fort Worth Press - Climate-threatened nations stage protest at COP29 over contentious deal

USD -
AED 3.672499
AFN 65.000072
ALL 81.600054
AMD 377.015652
ANG 1.79008
AOA 916.999718
ARS 1445.012302
AUD 1.424349
AWG 1.8025
AZN 1.699016
BAM 1.652954
BBD 2.006406
BDT 121.744569
BGN 1.67937
BHD 0.377037
BIF 2951.80061
BMD 1
BND 1.266301
BOB 6.883642
BRL 5.237897
BSD 0.996188
BTN 90.006001
BWP 13.760026
BYN 2.854269
BYR 19600
BZD 2.003533
CAD 1.36639
CDF 2200.000413
CHF 0.776435
CLF 0.021734
CLP 858.140033
CNY 6.938203
CNH 6.939565
COP 3629.58
CRC 494.755791
CUC 1
CUP 26.5
CVE 93.18904
CZK 20.62225
DJF 177.398771
DKK 6.322301
DOP 62.727665
DZD 129.897011
EGP 46.939934
ERN 15
ETB 154.525739
EUR 0.84665
FJD 2.200801
FKP 0.729917
GBP 0.72957
GEL 2.694949
GGP 0.729917
GHS 10.913255
GIP 0.729917
GMD 73.000151
GNF 8739.784147
GTQ 7.640884
GYD 208.410804
HKD 7.812065
HNL 26.319926
HRK 6.379101
HTG 130.669957
HUF 322.320154
IDR 16799.45
ILS 3.085695
IMP 0.729917
INR 90.446496
IQD 1305.009254
IRR 42125.000158
ISK 122.759735
JEP 0.729917
JMD 156.11768
JOD 0.709059
JPY 156.801011
KES 128.949633
KGS 87.450259
KHR 4019.573871
KMF 417.999729
KPW 899.945137
KRW 1456.804971
KWD 0.30742
KYD 0.830199
KZT 499.446421
LAK 21428.148849
LBP 89209.607762
LKR 308.347631
LRD 185.292552
LSL 15.956086
LTL 2.95274
LVL 0.60489
LYD 6.298121
MAD 9.137876
MDL 16.870209
MGA 4415.108054
MKD 52.183079
MMK 2099.936125
MNT 3569.846682
MOP 8.016683
MRU 39.768089
MUR 45.879772
MVR 15.45009
MWK 1727.419478
MXN 17.269205
MYR 3.931996
MZN 63.750101
NAD 15.956086
NGN 1379.590392
NIO 36.662976
NOK 9.64985
NPR 144.009939
NZD 1.661085
OMR 0.384488
PAB 0.996163
PEN 3.353659
PGK 4.26805
PHP 58.996032
PKR 278.611912
PLN 3.57692
PYG 6609.139544
QAR 3.622342
RON 4.313702
RSD 99.398038
RUB 76.703228
RWF 1453.926184
SAR 3.750116
SBD 8.058101
SCR 13.590449
SDG 601.49594
SEK 8.95008
SGD 1.27203
SHP 0.750259
SLE 24.474981
SLL 20969.499267
SOS 568.369098
SRD 38.114502
STD 20697.981008
STN 20.706383
SVC 8.716965
SYP 11059.574895
SZL 15.961664
THB 31.611496
TJS 9.309427
TMT 3.51
TND 2.88065
TOP 2.40776
TRY 43.504989
TTD 6.747746
TWD 31.581499
TZS 2586.540272
UAH 43.111874
UGX 3551.266015
UYU 38.369223
UZS 12195.585756
VES 371.640565
VND 25982
VUV 119.556789
WST 2.72617
XAF 554.38764
XAG 0.011125
XAU 0.000198
XCD 2.70255
XCG 1.79537
XDR 0.68948
XOF 554.38764
XPF 100.793178
YER 238.374999
ZAR 15.97505
ZMK 9001.202765
ZMW 19.550207
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    -2.1000

    82.1

    -2.56%

  • CMSC

    -0.0900

    23.66

    -0.38%

  • NGG

    1.6200

    86.23

    +1.88%

  • RYCEF

    0.2600

    16.93

    +1.54%

  • RIO

    3.8500

    96.37

    +4%

  • CMSD

    -0.1400

    23.94

    -0.58%

  • GSK

    0.8700

    53.34

    +1.63%

  • AZN

    -4.0900

    184.32

    -2.22%

  • BCC

    3.1800

    84.93

    +3.74%

  • BCE

    0.2700

    26.1

    +1.03%

  • BTI

    0.8800

    61.87

    +1.42%

  • VOD

    0.3400

    15.25

    +2.23%

  • RELX

    -5.0200

    30.51

    -16.45%

  • JRI

    -0.0300

    13.12

    -0.23%

  • BP

    1.1200

    38.82

    +2.89%

Climate-threatened nations stage protest at COP29 over contentious deal
Climate-threatened nations stage protest at COP29 over contentious deal / Photo: © AFP

Climate-threatened nations stage protest at COP29 over contentious deal

The world's most climate-imperilled nations stormed out of consultations in protest at the deadlocked UN COP29 conference Saturday, as simmering tensions over a hard-fought finance deal erupted into the open.

Text size:

Diplomats from small island nations threatened by rising seas and impoverished African states angrily filed out of a meeting with summit hosts Azerbaijan over a final deal being thrashed out in a Baku sports stadium.

"We've just walked out. We came here to this COP for a fair deal. We feel that we haven't been heard," said Cedric Schuster, the Samoan chairman of the Alliance of Small Island States (AOSIS).

An unpublished version of the final text circulating in Baku, and seen by AFP, proposes that rich nations raise to $300 billion a year by 2035 their commitment to poorer countries to fight climate change.

COP29 hosts Azerbaijan intended to put a final draft before 198 nations for adoption or rejection on Saturday evening, a full day after the marathon summit officially ended.

But, in a statement, AOSIS said it had "removed" itself from the climate finance discussions, demanding an "inclusive" process.

"If this cannot be the case, it becomes very difficult for us to continue our involvement here at COP29," it said.

Sierra Leone's climate minister Jiwoh Abdulai, whose country is among the world's poorest, said the draft was "effectively a suicide pact for the rest of the world".

An earlier offer from rich nations of $250 billion was slammed as offensively low by developing countries, who have demanded much higher sums to build resilience against climate change and cut emissions.

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, European Union and Japan among their ranks.

At sunset, a final text still proved elusive, as harried diplomats ran to-and-fro in the stadium near the Caspian Sea searching for common ground.

"Hopefully this is the storm before the calm," said US climate envoy John Podesta in the corridors as somebody shouted "shame" in his direction.

Earlier, the EU's climate commissioner Wopke Hoekstra said negotiators were not out of the woods yet.

"We're doing everything we can on each of the axes to build bridges and to make this into a success. But it is iffy whether we will succeed," he said.

- 'Ripped off' -

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 revised offer from rich countries came with conditions in other parts of the broader climate deal under discussion in Azerbaijan.

The EU in particular wants an annual review on global efforts to phase out fossil fuels, which are the main drivers of global warming.

This has run into opposition from Saudi Arabia, which has sought to water down a landmark pledge to transition away from oil, gas and coal made at COP28 last year.

"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.

Wealthy nations counter that it is politically unrealistic to expect more in direct government funding.

The US earlier this month elected former president Donald Trump, a sceptic of both climate change and foreign assistance, and a number of other Western countries have seen right-wing backlashes against the green agenda.

A coalition of more than 300 activist groups accused historic polluters most responsible for climate change of skirting their obligation, and urged developing nations to stand firm.

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.

Even $300 billion would be a step up from the $100 billion now provided by wealthy nations under a commitment set to expire.

A group of developing countries had demanded at least $500 billion, with some saying that increases were less than met the eye due to inflation.

Experts commissioned by the United Nations to assess the needs of developing countries said $250 billion was "too low" and by 2035 rich nations should be providing at least $390 billion.

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.

C.M.Harper--TFWP