The Fort Worth Press - Push to salvage climate talks after poor nations bristle at cash

USD -
AED 3.672499
AFN 65.4977
ALL 82.399323
AMD 381.569958
ANG 1.790403
AOA 917.000032
ARS 1450.725296
AUD 1.51565
AWG 1.8025
AZN 1.697242
BAM 1.669284
BBD 2.012811
BDT 122.121182
BGN 1.66599
BHD 0.377034
BIF 2966
BMD 1
BND 1.291462
BOB 6.90544
BRL 5.520401
BSD 0.999326
BTN 90.380561
BWP 13.198884
BYN 2.950951
BYR 19600
BZD 2.009977
CAD 1.378585
CDF 2264.99995
CHF 0.795103
CLF 0.023399
CLP 917.920213
CNY 7.04325
CNH 7.03915
COP 3865.5
CRC 497.913271
CUC 1
CUP 26.5
CVE 94.098022
CZK 20.77295
DJF 177.719969
DKK 6.36319
DOP 62.750278
DZD 129.456051
EGP 47.599602
ERN 15
ETB 155.201063
EUR 0.8516
FJD 2.28425
FKP 0.744905
GBP 0.7478
GEL 2.695032
GGP 0.744905
GHS 11.525009
GIP 0.744905
GMD 73.492558
GNF 8687.496091
GTQ 7.654
GYD 209.082607
HKD 7.77989
HNL 26.209752
HRK 6.416899
HTG 130.89919
HUF 331.269004
IDR 16676.4
ILS 3.229895
IMP 0.744905
INR 90.41655
IQD 1310
IRR 42109.999841
ISK 126.040374
JEP 0.744905
JMD 159.912601
JOD 0.708974
JPY 155.501955
KES 128.899124
KGS 87.45009
KHR 4005.000159
KMF 418.999981
KPW 900.011412
KRW 1478.107829
KWD 0.30678
KYD 0.832814
KZT 514.018213
LAK 21654.99996
LBP 89550.000083
LKR 309.508264
LRD 177.374998
LSL 16.730154
LTL 2.95274
LVL 0.60489
LYD 5.420299
MAD 9.15375
MDL 16.863676
MGA 4525.000085
MKD 52.422033
MMK 2100.219412
MNT 3548.424678
MOP 8.007408
MRU 39.769759
MUR 46.04989
MVR 15.449866
MWK 1737.000036
MXN 18.01155
MYR 4.087032
MZN 63.899252
NAD 16.730175
NGN 1453.169567
NIO 36.730226
NOK 10.20308
NPR 144.605366
NZD 1.734315
OMR 0.384495
PAB 0.999356
PEN 3.3645
PGK 4.247996
PHP 58.734992
PKR 280.297685
PLN 3.58851
PYG 6712.554996
QAR 3.641004
RON 4.337099
RSD 99.975302
RUB 80.499668
RWF 1450
SAR 3.750836
SBD 8.130216
SCR 14.469904
SDG 601.494287
SEK 9.301285
SGD 1.291255
SHP 0.750259
SLE 24.100217
SLL 20969.503664
SOS 571.493685
SRD 38.678009
STD 20697.981008
STN 21.175
SVC 8.744522
SYP 11057.156336
SZL 16.730193
THB 31.498754
TJS 9.223981
TMT 3.5
TND 2.90375
TOP 2.40776
TRY 42.7366
TTD 6.779097
TWD 31.633701
TZS 2468.950949
UAH 42.417363
UGX 3562.360512
UYU 38.934881
UZS 12074.999805
VES 276.231201
VND 26335
VUV 121.327724
WST 2.791029
XAF 559.838353
XAG 0.015107
XAU 0.000231
XCD 2.70255
XCG 1.801112
XDR 0.694475
XOF 559.502368
XPF 101.900605
YER 238.350176
ZAR 16.77279
ZMK 9001.19747
ZMW 22.909741
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    0.4100

    82.01

    +0.5%

  • CMSD

    -0.1000

    23.28

    -0.43%

  • NGG

    1.3900

    77.16

    +1.8%

  • BTI

    -0.1200

    57.17

    -0.21%

  • RELX

    -0.2600

    40.56

    -0.64%

  • RIO

    1.2000

    77.19

    +1.55%

  • CMSC

    -0.0800

    23.26

    -0.34%

  • GSK

    -0.0700

    48.71

    -0.14%

  • AZN

    -1.4900

    89.86

    -1.66%

  • BCE

    -0.1800

    23.15

    -0.78%

  • RYCEF

    -0.0300

    14.77

    -0.2%

  • JRI

    -0.0800

    13.43

    -0.6%

  • VOD

    0.1100

    12.81

    +0.86%

  • BCC

    0.4500

    76.29

    +0.59%

  • BP

    0.7100

    34.47

    +2.06%

Push to salvage climate talks after poor nations bristle at cash

Push to salvage climate talks after poor nations bristle at cash

Key nations raced Saturday to salvage UN climate talks after the poorest countries pushed back angrily for more than $300 billion a year in help from historic wealthy emitters.

Text size:

More than a day past the scheduled conclusion of two days of COP29 talks, host Azerbaijan urged bleary-eyed delegates to seek consensus to avoid failure.

"I know that none of us want to leave Baku without a good outcome," COP president Mukhtar Babayev told a late-night session, urging all nations to "bridge the remaining divide".

Developing power Brazil pleaded for at least some progress and said it would seek to build on it when it leads COP30 next year in the Amazon gateway of Belem.

"After the difficult experience that we're having here in Baku, we need to reach some outcome that is minimally acceptable in line with the emergency we're facing," Brazil's environment minister Marina Silva told delegates.

A number of nations have accused Azerbaijan, an authoritarian oil and gas exporter, of lacking the experience and will to meet the moment, as the planet again sets record temperatures and faces rising deadly disasters.

Small island nations threatened by rising seas and impoverished African states on Saturday angrily stormed out of a meeting with Azerbaijan, saying their concerns had been ignored.

The European Union, United States and other wealthy countries met directly with poorer nations to work out final details, with both blocs also concerned at efforts led by Saudi Arabia to water down calls from last year's summit to phase out fossil fuels.

"If we don't do it, people at home -- in every home across the world -- would say, why did you not get an agreement? Because I believe we can," Irish climate minister Eamon Ryan told AFP.

A draft of the final text seen by AFP proposes that rich nations raise to $300 billion a year by 2035 their commitment to poorer countries to fight climate change.

It is up from $100 billion now provided by wealthy nations under a commitment set to expire -- and from $250 billion proposed in a draft Friday.

That offer was slammed as offensively low by developing countries, which have demanded at least $500 billion to build resilience against climate change and cut emissions.

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

- Tired and 'disheartened' -

As staff at the cavernous and windowless stadium began closing down, diplomats rushed to meetings with one another, some ready with food and water in preparation for another late night.

Panama's outspoken negotiator, Juan Carlos Monterrey Gomez, voiced anger at offers by rich countries but warned not to repeat the failure of COP15 in Copenhagen in 2009.

"I'm sad, I'm tired, I'm disheartened, I'm hungry, I'm sleep-deprived, but there is a tiny ray of optimism within me because this cannot become a new Copenhagen," he told reporters.

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, EU and Japan among their ranks.

Climate activists shouted "shame" as US climate envoy John Podesta walked the halls. "Hopefully this is the storm before the calm," he said.

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

Donald Trump, a sceptic of both climate change and foreign assistance, returns to the White House in January and a number of other Western countries have seen right-wing backlashes against the green agenda.

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.

- 'Not going backwards' -

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 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.

The EU and other countries have also tussled with Saudi Arabia over including strong language on moving away from fossil fuels, which negotiators say the oil-producing country has resisted.

"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.

D.Ford--TFWP