Would you like to receive notifications on latest updates of the following headlines?

Global showdown in Baku: COP29 summit confronts climate finance and Trump's shadow

POSTED ON November 11, 2024 •   World      BY ROCKETPARROT.com staff
Delegates arrive at COP29 in Baku, Azerbaijan, Nov. 11, 2024, as global leaders gather to discuss critical climate finance issues.

BAKU, Azerbaijan, Nov. 11—Delegates from nearly 200 countries have gathered in Baku for the 29th United Nations Climate Change Conference (COP29), a pivotal summit set against global climate crises and political uncertainty. The summit, running through Nov. 22, is focused on resolving a contentious issue: climate finance. Developing nations, disproportionately affected by climate change despite contributing little to global emissions, demand financial support from wealthier nations to adapt to climate impacts and transition to cleaner energy.

Former U.S. President Donald Trump's reelection casts a long shadow over the talks. Known for his scepticism of climate science and withdrawal from the Paris Agreement, Trump's return to power signals a potential shift in U.S. climate policy. “The shadow of President Trump’s election will be palpable,” said Alice Hill, a former resilience policy director under President Obama.

Adding to the complexity, Baku, a fossil fuel-rich nation, has drawn criticism for hosting the summit while planning to expand natural gas production. Allegations that the host country used the summit for its own economic gains have further marred the conference’s credibility.

High-profile absences and rising tensions

Major emitters such as the U.S., China, and India have opted not to send their heads of state and key European leaders, leaving a leadership vacuum. Meanwhile, Papua New Guinea is boycotting the summit to protest wealthy nations' failure to deliver on past climate pledges. The lack of top-level attendance reflects growing frustrations among vulnerable nations, some demanding climate finance commitments of up to $1 trillion annually—a steep increase from the $100 billion target that wealthier nations only recently met.

Escalating climate impacts demands urgent action.

The urgency is underscored by recent climate disasters, including deadly flooding in Nigeria and heatwaves in Saudi Arabia that claimed hundreds of lives. Scientists warn that the planet is already 1.3°C warmer than preindustrial levels, with current policies leading to a potential 3.1°C rise by century’s end, far exceeding the Paris Agreement’s 1.5°C target. “We’re teetering on a planetary tightrope,” said U.N. Secretary-General António Guterres, urging nations to bridge the emissions gap.

Though COP agreements remain non-binding, they serve as critical signals of global intent. As negotiations progress, the summit may provide a glimpse into the future of international climate diplomacy, especially with Trump's U.S. poised to step back from leadership roles.

READ ALSO
German eye Nigeria's mineral wealth as foreign direct investments surge
BY Abiodun Saheed Omodara April 3, 2025 0

Ongoing initiatives to draw in Foreign Direct Investments (FDIs) seem to be bearing fruit, as certai...

READ ALSO
U.S. shows highest anxiety over AI Job loss amidst technological advancements
BY Abiodun Saheed Omodara April 3, 2025 0

Despite its advanced status, research indicates that the United States of America (USA) has the high...

READ ALSO
Sahel States' 0.5% Levy on Imports threatens Regional Trade and Economic Unity
BY Abiodun Saheed Omodara April 1, 2025 0

Mali, Burkina Faso, and Niger have intensified their separation from the regional economic bloc by i...

READ ALSO
FG sets August deadline for irregular migrants to regularize status
BY Abiodun Saheed Omodara March 26, 2025 0

ABUJA, Nigeria - The Federal Government has revealed its intention to enforce stricter measures agai...

READ ALSO
Nigeria seeks Egyptian expertise in power generation, rural electrification
BY Abiodun Saheed Omodara March 24, 2025 0

ABUJA, Nigeria - The Federal Government has announced its intention to learn about power generation...

READ ALSO
Cataracts and Glaucoma: Key causes of blindness in Plateau- Health Commissioner
BY Abiodun Saheed Omodara March 20, 2025 0

The health commissioner of Plateau, Nicholas Baamlong, has announced that the state has a blindness...

READ ALSO
India reaffirms commitment to strengthening ties with Nigeria
BY Abiodun Saheed Omodara March 20, 2025 0

LAGOS, Nigeria - The High Commission of India has reiterated its commitment to enhancing bilateral r...

READ ALSO
FAO warns of 'Unprecedented' Avian Flu spread, urges immediate global action
BY Abiodun Saheed Omodara March 19, 2025 0

The UN Food and Agriculture Organization (FAO) has reported that the swift spread of the highly cont...

OUR CHANNELS:

Ogun police respond to rising attacks at Sagamu interchange
BY Abiodun Saheed Omodara April 5, 2025 0

There are worries regarding the attacks and killings by hoodlums targeting commuters traveling to Ab...


Rwanda match takes precedence as Super Eagles eye world cup qualification
BY Abiodun Saheed Omodara April 5, 2025 0

Super Eagles Coach, Eric Chelle, has indicated that his team will place greater emphasis on the upco...


LASU celebrates 28th convocation with Over 11,000 graduates, honors distinguished Nigerians
BY Abiodun Saheed Omodara April 3, 2025 0

LAGOS, Nigeria - Lagos State University (LASU) announced on Thursday that it will be graduating no l...


Federal high court orders forfeiture of $20,000 from traveler for customs violation
BY Abiodun Saheed Omodara April 3, 2025 0

LAGOS, Nigeria - A Federal High Court in Lagos has mandated the forfeiture of $20,000 seized by the...


German eye Nigeria's mineral wealth as foreign direct investments surge
BY Abiodun Saheed Omodara April 3, 2025 0

Ongoing initiatives to draw in Foreign Direct Investments (FDIs) seem to be bearing fruit, as certai...


Lagos faces severe traffic chaos as Independence Bridge repairs begin after Sallah holiday
BY Abiodun Saheed Omodara April 3, 2025 0

LAGOS, NIGERIA - Lagos residents faced a challenging situation yesterday as they returned to work fo...


FG signs $174.6M agreement with UNIDO to enhance Nigeria's industry
BY Abiodun Saheed Omodara April 3, 2025 0

The Federal Government and the United Nations Industrial Development Organisation (UNIDO) have enter...


U.S. shows highest anxiety over AI Job loss amidst technological advancements
BY Abiodun Saheed Omodara April 3, 2025 0

Despite its advanced status, research indicates that the United States of America (USA) has the high...


Bayelsa communities threaten to halt oil production over security contract dispute
BY Abiodun Saheed Omodara April 3, 2025 0

BAYELSA, Nigeria - Nigeria’s struggling oil output may be on the brink of another crisis as co...


NITDA Partners Afrovision technologies to bridge job gap for Nigeria’s Tech Talent
BY Abiodun Saheed Omodara April 3, 2025 0

In an effort to tackle the ongoing challenge of job placement for Nigeria’s expanding tech tal...


More Articles

Load more...

Menu