BAKU, Azerbaijan (AP) — With time running down, negotiators at the United Nations annual climate talks on Wednesday returned to the puzzle of finding an agreement to bring far more money for vulnerable nations to adapt than wealthier countries have shown they’re willing to pay.
Pressure was building to drive a deal by the time COP29, as this year’s summit is known, concludes this week. COP29 President Mukhtar Babayev asked negotiators to clear away the technical part of talks by Wednesday afternoon so they can focus on substance.
That substance is daunting. Vulnerable nations are seeking $1.3 trillion to deal with damage from climate change and to adapt to that change, including building out their own clean-energy systems. Experts agree that at least $1 trillion is called for, but both figures are far more than the developed world has so far offered.
Half the world away in Rio, Brazil, where the Group of 20 summit was wrapping up on Tuesday, the United Nations Secretary-General Antonio Guterres told the group of the world’s largest economies that “the success of COP29 is largely in your hands.”
“That goal, the financial goal, in its different layers, must meet the needs of developing countries, beginning with a significant increase in concessional public funds,” he said.
And the president of Brazil, Luiz Inácio Lula da Silva, said developed nations should consider moving their 2050 emission goals forward to 2040 or 2045.
“The G20 is responsible for 80% of greenhouse effect emissions,” he said. “Even if we are not walking the same speed, we can all take one more step.”
Negotiators are fighting over three big parts of the issue: How big the numbers are, how much is grants or loans, and who pays. The “how big” question is the toughest to negotiate and will likely be resolved only after the first two are solved, COP29 lead negotiator Yalchin Rafiyev told The Associated Press in an interview Tuesday.
“There are interlinkages of the elements. That’s why having one of them agreed could unlock the other one,” Rafiyev said.
“All presidencies must at this point show that they have what it takes to move from administration to leadership,” German climate envoy Jennifer Morgan said. “They must set the expectation for ambitious outcomes across the board. … It is now up to the presidency to ensure that we move at full speed towards a green future.”
The current goal of $100 billion annually was set in 2009. Rich potential donor nations have so far been reluctant to offer a starting figure to replace that. Rafiyev said the conference presidency has sought to pressure them, telling them that the figure should be “fair and ambitious, corresponding to the needs and priorities of the world.”