The Japan Times - Climate talks host urges rich nations to break stalemate

EUR -
AED 4.120156
AFN 72.364884
ALL 90.803943
AMD 404.528384
ANG 2.007949
AOA 1029.898611
ARS 1734.077131
AUD 1.621035
AWG 2.022213
AZN 1.906081
BAM 1.955937
BBD 2.253758
BDT 138.979752
BGN 1.960881
BHD 0.42253
BIF 3354.750342
BMD 1.121894
BND 1.432207
BOB 13.298696
BRL 6.180617
BSD 1.118979
BTN 105.025369
BWP 15.374599
BYN 3.350535
BYR 21989.116896
BZD 2.250558
CAD 1.584148
CDF 2570.258612
CHF 0.919678
CLF 0.027618
CLP 1086.958598
CNY 7.486172
CNH 7.481113
COP 3675.536984
CRC 506.835563
CUC 1.121894
CUP 26.855884
CVE 110.270772
CZK 24.341896
DJF 199.263982
DKK 7.475391
DOP 68.084777
DZD 152.624682
EGP 60.451115
ERN 16.828406
ETB 180.792892
FJD 2.526282
FKP 0.835984
GBP 0.834594
GEL 2.90596
GGP 0.835984
GHS 13.075684
GIP 0.835984
GMD 83.020251
GNF 9913.739794
GTQ 8.5506
GYD 234.582278
HKD 8.799058
HNL 30.074574
HRK 7.59411
HTG 146.670291
HUF 362.320075
IDR 20262.354178
ILS 3.543827
IMP 0.835984
INR 104.947573
IQD 1699.668985
IRR 2134162.158274
ISK 137.16221
JEP 0.835984
JMD 177.762473
JOD 0.795385
JPY 177.333286
KES 145.756022
KGS 98.109695
KHR 4566.320402
KMF 492.511066
KPW 1009.704304
KRW 1510.529067
KWD 0.348718
KYD 0.932565
KZT 502.045227
LAK 25242.608639
LBP 100206.73114
LKR 372.066107
LRD 190.233348
LSL 18.477482
LTL 3.31266
LVL 0.678622
LYD 7.190505
MAD 10.932472
MDL 20.170415
MGA 5155.101381
MKD 61.541364
MMK 2355.63634
MNT 4040.44421
MOP 9.037734
MRU 45.421187
MUR 52.76234
MVR 17.288641
MWK 1940.336146
MXN 20.784538
MYR 4.548717
MZN 71.700386
NAD 18.477574
NGN 1510.069344
NIO 41.083519
NOK 10.545145
NPR 168.037795
NZD 1.990812
OMR 0.43133
PAB 1.119079
PEN 3.85047
PGK 5.036742
PHP 70.770227
PKR 310.314733
PLN 4.385572
PYG 6994.490778
QAR 4.090487
RON 5.342349
RSD 117.608052
RUB 92.555869
RWF 1655.516162
SAR 4.218787
SBD 9.084309
SCR 16.429785
SDG 674.81632
SEK 10.994205
SGD 1.434341
SHP 0.834773
SLE 25.747516
SLL 23525.555278
SOS 639.544875
SRD 42.129343
STD 23220.934893
STN 24.501719
SVC 9.791687
SYP 14586.861783
SZL 18.395799
THB 37.502602
TJS 10.272421
TMT 3.937847
TND 3.374093
TOP 2.701251
TRY 56.347225
TTD 7.589533
TWD 36.871595
TZS 2967.406681
UAH 50.976387
UGX 4582.239831
USD 1.121894
UYU 45.123166
UZS 13422.941839
VES 1006.540888
VND 28695.797549
VUV 134.628489
WST 3.11898
XAF 655.957
XAG 0.021165
XAU 0.000272750831
XCD 3.031974
XCG 2.016742
XDR 0.793237
XOF 655.957
XPF 119.331742
YER 265.336214
ZAR 18.376058
ZMK 10098.392022
ZMW 22.743596
ZWL 361.24932
SSP 6446.193262
MXV 2.33655
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

Climate talks host urges rich nations to break stalemate
Climate talks host urges rich nations to break stalemate / Photo: JOHN MACDOUGALL - AFP

Climate talks host urges rich nations to break stalemate

The host of this year's UN climate summit on Wednesday urged governments to start compromising to break a deadlock over how to help poorer countries tackle global warming.

Text size:

This November's COP29 summit in gas-rich Azerbaijan is meant to produce a global agreement on how much rich nations should pay developing countries for climate assistance, but talks have stalled.

While poorer nations are the least responsible for carbon emissions, they suffer the most from a warming planet.

Developing countries need massive investments in energy systems to cut their own carbon footprints and money to strengthen defences against the effects of global warming.

But a diplomatic meeting in Bonn last month ended in stalemate. Countries were unable to advance on an issue that has eroded trust at climate talks for years.

In a letter to the roughly 200 nations that have signed up to UN climate accords, COP29 president Mukhtar Babayev lamented the absence of "necessary progress".

Time was running out, he warned.

"We clearly need a rapid increase in the pace of our work," wrote Babayev, a government minister and former executive at Azerbaijan's national oil company.

"Time lost is lives, livelihoods and the planet lost," he added.

"We call on all parties to increase the pace of their work and move on from their early negotiating positions."

- 'Supercharge' efforts -

Babayev's appeal comes in the hottest year on record and as extreme heatwaves, floods and wildfires batter communities around the globe.

UN climate chief Simon Stiell, whose own homeland of Grenada was devastated by hurricane Beryl earlier this month, urged countries to put the fight against global warming back on the political agenda.

"Rather than just counting the costs of climate carnage, all governments must supercharge efforts to prevent them," said Stiell.

He was speaking during a visit to the island of Carriacou, where his grandmother's house was among many destroyed.

"Standing here, it's impossible not to recognise the vital importance of delivering climate finance," he added.

Wealthy nations have been under pressure to commit to new financing targets that go well beyond the $100 billion a year they promised in 2009.

Developing nations excluding China will need about $2.4 trillion a year in climate investment by 2030, according to an expert assessment commissioned by the UN.

That is nearly 25 times more than the present levels.

But nations are nowhere near agreeing on a dollar aid figure, with talks bogged down over who should pay, what form the money should take, and who should receive it.

- Informal talks -

Under a 1992 climate accord, only a small handful of the wealthiest industrialised nations at the time were obligated to pay climate finance.

Some want the pool of contributors widened, most notably to include China, which is today vastly wealthier than 30 years ago, and the largest emitter of greenhouse gases.

But this has been a non-starter for developing nations, who have accused wealthy countries of trying to shirk their responsibility.

To break the ice, Azerbaijan will host the negotiating teams for an informal two-day retreat starting July 26.

They have named two experienced diplomats -- Dan Jorgensen of Denmark and Yasmine Fouad of Egypt -- to help the parties make headway.

Babayev said the impasse would "not be solved by negotiators alone", calling for political leadership on the sidelines to help move discussions toward consensus.

T.Sato--JT