Cop29 live: UN secretary general calls on G20 leaders to rescue stalled climate talks | Cop29




UN chief urges G20 ’leadership’ on stalled climate talks

There are reports from AFP that the UN secretary general António Guterres yesterday called on the G20 leaders who are gathering in Rio de Janeiro to rescue the stalled concurrent UN climate talks in Azerbaijan by showing “leadership” on cutting emissions.

“A successful outcome at Cop29 is still within reach, but it will require leadership and compromise, namely from the G20 countries,” Guterres, who will attend the summit of the world’s biggest economies starting Monday, told a press conference in Rio.

Brazil’s President Lula greets U.N. General-Secretary Guterres ahead of the G20 summit, in Rio de Janeiro
Brazil’s President Lula greets U.N. General-Secretary Guterres ahead of the G20 summit, in Rio de Janeiro Photograph: Ricardo Stuckert/Brazilian Presidency/Reuters

AFP reports: “The annual UN talks in Baku are deadlocked at the midway point, with nations no closer to agreeing a $1 trillion deal for climate investments in developing nations after a week of negotiations.

The talks are stuck over the final figure, the type of financing, and who should pay, with Western countries wanting China and wealthy Gulf states to join the list of donors. All eyes have turned to Rio in the hope of a breakthrough.

“The spotlight is naturally on the G20. They account for 80 percent of global emissions,” Guterres said, calling on the group to “lead by example.”

Climate was an issue advanced by several of the leaders as they converged on Rio.

US President Joe Biden, making a stopover in the Amazon, talked up $11 billion in bilateral climate financing his administration has allocated this year.

He also - in a reference to President-elect Donald Trump taking over from him in two months - declared that “nobody” could reverse the “clean energy revolution” directed by his government.

European Union chief Ursula von der Leyen and South African President Cyril Ramaphosa in Rio jointly launched a campaign to boost renewable energies in Africa.

“Tripling renewables globally until 2030 would mean a cut of 10 billion tonnes of CO2 emissions,” von der Leyen said at an event put on by the advocacy group Global Citizen.

She said the EU was increasing investment around the world for the building of infrastructure of renewables, “specifically in Africa” through the bloc’s Global Gateway program - designed to rival China’s Belt and Road Initiative.

The European Union is the world’s biggest contributor for climate financing, most of which goes through multilateral funds.

Chinese President Xi Jinping - whose country is the planet’s biggest polluter - made his own plea for the G20 to step up international cooperation against climate change.

The leaders of the world’s biggest economies should coordinate efforts in areas such as “green and low-carbon development, environmental protection, energy transition and climate change response,” he said in a tribune published in Brazil’s Folha de Sao Paulo newspaper.

The G20 should “provide more funding, technology and capacity-building support to Global South countries,” he said.

Brazil is hoping to channel the focus on climate in the two-day G20 summit for it to feature prominently in the meeting’s final declaration.

Marina Silva, Brazil’s environment minister, said it was “fundamental” that the G20 participants “do their homework” and see to it that the COP29 negotiations move forward.

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“foundering”</a>. One respected commentator, Mohamed Adow, director of the Power Shift Africa thinktank, said: “This has been the worst first week of a Cop in my 15 years attending these summits. There’s been limited progress … I sense frustration, especially among the developing country groups here at Cop. The presidency isn’t giving any hope for how the world will strike the right compromises.”</p>","elementId":"860f61f8-deee-4ce7-bd70-ee121905027a"},{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":"<p>This kind of weariness is understandable, especially from people stuck in windowless rooms for 18 hours a day. And the frustration of developing countries is real – climate finance, the subject of this Cop, is a <a href=\"https://www.theguardian.com/environment/2023/dec/27/2023-costliest-climate-disasters-poor-lose-out-global-postcode-lottery\">matter of life and death</a> for them, and rich countries are certainly dragging their heels on coming up with the sums needed.</p>","elementId":"07c8d2d4-78f0-4780-9242-69edb3fbadd5"},{"displayCredit":true,"_type":"model.dotcomrendering.pageElements.ImageBlockElement","role":"inline","media":{"allImages":[{"index":0,"fields":{"height":"5291","width":"7823"},"mediaType":"Image","mimeType":"image/jpeg","url":"https://media.guim.co.uk/990160a2a1317b9ae363235a13fad137c251628a/0_0_7823_5291/7823.jpg"},{"index":1,"fields":{"isMaster":"true","height":"5291","width":"7823"},"mediaType":"Image","mimeType":"image/jpeg","url":"https://media.guim.co.uk/990160a2a1317b9ae363235a13fad137c251628a/0_0_7823_5291/master/7823.jpg"},{"index":2,"fields":{"height":"1353","width":"2000"},"mediaType":"Image","mimeType":"image/jpeg","url":"https://media.guim.co.uk/990160a2a1317b9ae363235a13fad137c251628a/0_0_7823_5291/2000.jpg"},{"index":3,"fields":{"height":"676","width":"1000"},"mediaType":"Image","mimeType":"image/jpeg","url":"https://media.guim.co.uk/990160a2a1317b9ae363235a13fad137c251628a/0_0_7823_5291/1000.jpg"},{"index":4,"fields":{"height":"338","width":"500"},"mediaType":"Image","mimeType":"image/jpeg","url":"https://media.guim.co.uk/990160a2a1317b9ae363235a13fad137c251628a/0_0_7823_5291/500.jpg"},{"index":5,"fields":{"height":"95","width":"140"},"mediaType":"Image","mimeType":"image/jpeg","url":"https://media.guim.co.uk/990160a2a1317b9ae363235a13fad137c251628a/0_0_7823_5291/140.jpg"}]},"elementId":"9a7fe42a-54c4-4017-a5ab-b7991770d420","imageSources":[{"weighting":"inline","srcSet":[{"src":"https://i.guim.co.uk/img/media/990160a2a1317b9ae363235a13fad137c251628a/0_0_7823_5291/master/7823.jpg?width=620&quality=85&auto=format&fit=max&s=8ebf07c57b00aa619396193742e32d60","width":620},{"src":"https://i.guim.co.uk/img/media/990160a2a1317b9ae363235a13fad137c251628a/0_0_7823_5291/master/7823.jpg?width=620&quality=45&auto=format&fit=max&dpr=2&s=9c190eafe31a5a4754dd8c921649d204","width":1240},{"src":"https://i.guim.co.uk/img/media/990160a2a1317b9ae363235a13fad137c251628a/0_0_7823_5291/master/7823.jpg?width=605&quality=85&auto=format&fit=max&s=1af2f956afce8d74f6e78ee727fbb72d","width":605},{"src":"https://i.guim.co.uk/img/media/990160a2a1317b9ae363235a13fad137c251628a/0_0_7823_5291/master/7823.jpg?width=605&quality=45&auto=format&fit=max&dpr=2&s=9e6c849c7d75c9ac089e165f47325595","width":1210},{"src":"https://i.guim.co.uk/img/media/990160a2a1317b9ae363235a13fad137c251628a/0_0_7823_5291/master/7823.jpg?width=445&quality=85&auto=format&fit=max&s=1f3de78cabec6ff8343985ef37c51909","width":445},{"src":"https://i.guim.co.uk/img/media/990160a2a1317b9ae363235a13fad137c251628a/0_0_7823_5291/master/7823.jpg?width=445&quality=45&auto=format&fit=max&dpr=2&s=5712c3df46f9c44a587028bb61f57848","width":890}]},{"weighting":"thumbnail","srcSet":[{"src":"https://i.guim.co.uk/img/media/990160a2a1317b9ae363235a13fad137c251628a/0_0_7823_5291/master/7823.jpg?width=140&quality=85&auto=format&fit=max&s=fbe9593fd6a508af5ad014502e2b42ab","width":140},{"src":"https://i.guim.co.uk/img/media/990160a2a1317b9ae363235a13fad137c251628a/0_0_7823_5291/master/7823.jpg?width=140&quality=45&auto=format&fit=max&dpr=2&s=9bd0da2f8bf046ce3eedb9f0c16f37ca","width":280},{"src":"https://i.guim.co.uk/img/media/990160a2a1317b9ae363235a13fad137c251628a/0_0_7823_5291/master/7823.jpg?width=120&quality=85&auto=format&fit=max&s=41934008c3bc89fad82965461c82b28b","width":120},{"src":"https://i.guim.co.uk/img/media/990160a2a1317b9ae363235a13fad137c251628a/0_0_7823_5291/master/7823.jpg?width=120&quality=45&auto=format&fit=max&dpr=2&s=9c8476ce3957f20cd6826ebfc8ebde2a","width":240}]},{"weighting":"supporting","srcSet":[{"src":"https://i.guim.co.uk/img/media/990160a2a1317b9ae363235a13fad137c251628a/0_0_7823_5291/master/7823.jpg?width=380&quality=85&auto=format&fit=max&s=2d665bd2e303640fabef0ce59e51e383","width":380},{"src":"https://i.guim.co.uk/img/media/990160a2a1317b9ae363235a13fad137c251628a/0_0_7823_5291/master/7823.jpg?width=380&quality=45&auto=format&fit=max&dpr=2&s=bde1a49be8800ba930c762ec7050cc2d","width":760},{"src":"https://i.guim.co.uk/img/media/990160a2a1317b9ae363235a13fad137c251628a/0_0_7823_5291/master/7823.jpg?width=300&quality=85&auto=format&fit=max&s=d5b384efd4b16f15d1af97ae79bf7e31","width":300},{"src":"https://i.guim.co.uk/img/media/990160a2a1317b9ae363235a13fad137c251628a/0_0_7823_5291/master/7823.jpg?width=300&quality=45&auto=format&fit=max&dpr=2&s=015e9c6d85353bb23c54f2005d6bc4a7","width":600},{"src":"https://i.guim.co.uk/img/media/990160a2a1317b9ae363235a13fad137c251628a/0_0_7823_5291/master/7823.jpg?width=620&quality=85&auto=format&fit=max&s=8ebf07c57b00aa619396193742e32d60","width":620},{"src":"https://i.guim.co.uk/img/media/990160a2a1317b9ae363235a13fad137c251628a/0_0_7823_5291/master/7823.jpg?width=620&quality=45&auto=format&fit=max&dpr=2&s=9c190eafe31a5a4754dd8c921649d204","width":1240},{"src":"https://i.guim.co.uk/img/media/990160a2a1317b9ae363235a13fad137c251628a/0_0_7823_5291/master/7823.jpg?width=605&quality=85&auto=format&fit=max&s=1af2f956afce8d74f6e78ee727fbb72d","width":605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participants arrive at the main gate reflected in a puddle on day seven of the UNFCCC COP29 Climate Conference","caption":"Conference participants arrive at the main gate reflected in a puddle on day seven of the UNFCCC COP29 Climate Conference","credit":"Photograph: Sean Gallup/Getty Images"}},{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":"<p>It has been a gruelling week, <a href=\"https://www.theguardian.com/environment/live/2024/nov/11/cop29-live-the-climate-summit-gets-under-way-in-azerbaijan\">beginning last weekend with a tedious row over the agenda</a> as countries led by Saudi Arabia – predictably and reprehensibly – tried to sideline discussions of the <a href=\"https://www.theguardian.com/environment/2023/dec/15/fossil-fuels-how-a-huge-gamble-sealed-cop28-deal\">“transition away from fossil fuels” that was agreed last year</a>, as a way of unpicking that resolution. That led to long nights, even at an early stage.</p>","elementId":"dc0eb1ae-5b99-41ec-a6c4-954f44f13791"},{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":"<p>Added to that, world leaders failed to turn up in the numbers expected, with many of them – Biden, Scholz, Macron, von der Leyen and Trudeau among them – facing troubles at home. The Cop process itself has come under attack, with a group including a former UN secretary-general, a former UN climate chief, and a former UN climate envoy, calling for reform.</p>","elementId":"6274cafe-719e-4fe7-bfa1-8a1716060e6c"},{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":"<p>But to be too gloomy about these talks at this stage would be wrong. There is a deal to be struck here – and as Germany’s respected development minister Jochen Flasbarth warns today, putting it off to next year means trying to run these talks with Donald Trump in the White House.</p>","elementId":"3a868663-739d-4c02-810c-d62d66013e89"},{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":"<p>This is my 18<sup>th</sup> Cop – my first was Cop10 in Buenos Aires in 2004, in the distant days when Argentina was a developing world climate champion. From my perspective, the first week of Cop29 has not seen great movement, but nor has the Cop shown signs of falling apart – unlike the <a href=\"https://www.ft.com/content/8fb70c48-ed9b-11de-ba12-00144feab49a\">infamous Copenhagen Cop15</a>, in 2009 which was already a shambles by the midway point. With negotiations lasting two weeks, progress on breaking down the key obstacles will inevitably be limited, at the halfway mark.</p>","elementId":"4d606d1d-12a3-4805-b83d-81ff29a3d73e"},{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":"<p>The Cop presidency has made some missteps – <a href=\"https://www.theguardian.com/environment/live/2024/nov/15/cop29-live-day-five-begins-with-demands-for-change-to-way-summits-are-run?filterKeyEvents=false\">rolling out the red carpet to oil companies</a>; the Cop chief executive <a href=\"https://www.theguardian.com/environment/2024/nov/08/cop29-ceo-filmed-agreeing-to-facilitate-fossil-fuel-deals-at-climate-summit\">appearing to offer facilitation of fossil fuel deals </a>to an undercover journalist. But it has not allowed the agenda to spiral out of its control, as the Danish prime minister’s office did at at Cop15, which ended in mayhem. (Though also with a useful deal, which many people forget.)</p>","elementId":"48535f20-f27e-42f9-8f45-b14d190a0e49"},{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":"<p>We must all remember, too, that Cop29 is <a href=\"https://www.theguardian.com/environment/2024/nov/08/cop29-climate-talks-what-would-a-good-outcome-look-like\">breaking new ground</a>, so it’s not surprising this is turning out to be tricky. This is the first time there have ever been substantive negotiations on finance at a Cop.</p>","elementId":"31ff9ca2-79cd-4adb-b470-2ced41d6f73b"},{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":"<p>When the totemic target of ensuring $100bn would flow to developing countries each year by 2020 was put on the table, in the last days of Copenhagen, it was done with only brief prior discussion. (The finance announcement took even the UN by surprise – Ban Ki-moon, when I interviewed him just after he had stepped off the plane at Copenhagen, confidently told me that <a href=\"https://www.ft.com/content/3c00c420-e9b0-11de-9f1f-00144feab49a\">developing countries must resign themselves to leaving Cop15 without promises of cash</a>. When the story appeared, he was promptly shot down by the Cop presidency and told to recant – so he claimed to have been misquoted. He wasn’t.)</p>","elementId":"5b6d5e33-a2f4-4939-81e4-40df68ee1188"},{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":"<p>Finance ministers don’t even come to Cops, under normal circumstances, or make only occasional brief appearances – these meetings are usually run by environment ministers or foreign ministries. To get an idea of how constrained other ministries are by the finance department, take the <a href=\"https://www.theguardian.com/environment/2024/sep/17/david-lammy-kew-speech-uk-global-climate-fight\">speech by UK foreign secretary David Lammy this September</a>. Lammy wanted to announce the UK’s return to climate leadership on the global stage, in contrast to his Conservative predecessors. But he was not allowed to confirm the UK’s <a href=\"https://www.theguardian.com/environment/article/2024/jul/26/ed-miliband-labour-honour-pledge-11bn-overseas-climate-aid\">pledge of £11.6bn of climate aid</a>, set out under the previous government – because the UK’s finance minister, Rachel Reeves, would not set out the UK budget until the following month.</p>","elementId":"4add934a-1bd9-4be8-b950-4bd6e3370747"},{"displayCredit":true,"_type":"model.dotcomrendering.pageElements.ImageBlockElement","role":"supporting","media":{"allImages":[{"index":0,"fields":{"height":"5351","width":"8026"},"mediaType":"Image","mimeType":"image/jpeg","url":"https://media.guim.co.uk/185c6310fabe6e3256ef2eb7bf67d292ad9b5f95/0_0_8026_5351/8026.jpg"},{"index":1,"fields":{"isMaster":"true","height":"5351","width":"8026"},"mediaType":"Image","mimeType":"image/jpeg","url":"https://media.guim.co.uk/185c6310fabe6e3256ef2eb7bf67d292ad9b5f95/0_0_8026_5351/master/8026.jpg"},{"index":2,"fields":{"height":"1333","width":"2000"},"mediaType":"Image","mimeType":"image/jpeg","url":"https://media.guim.co.uk/185c6310fabe6e3256ef2eb7bf67d292ad9b5f95/0_0_8026_5351/2000.jpg"},{"index":3,"fields":{"height":"667","width":"1000"},"mediaType":"Image","mimeType":"image/jpeg","url":"https://media.guim.co.uk/185c6310fabe6e3256ef2eb7bf67d292ad9b5f95/0_0_8026_5351/1000.jpg"},{"index":4,"fields":{"height":"333","width":"500"},"mediaType":"Image","mimeType":"image/jpeg","url":"https://media.guim.co.uk/185c6310fabe6e3256ef2eb7bf67d292ad9b5f95/0_0_8026_5351/500.jpg"},{"index":5,"fields":{"height":"93","width":"140"},"mediaType":"Image","mimeType":"image/jpeg","url":"https://media.guim.co.uk/185c6310fabe6e3256ef2eb7bf67d292ad9b5f95/0_0_8026_5351/140.jpg"}]},"elementId":"843afa94-abcf-423a-b342-2a4c6792c242","imageSources":[{"weighting":"inline","srcSet":[{"src":"https://i.guim.co.uk/img/media/185c6310fabe6e3256ef2eb7bf67d292ad9b5f95/0_0_8026_5351/master/8026.jpg?width=620&quality=85&auto=format&fit=max&s=276d7ce2a0487b4110982975142c2202","width":620},{"src":"https://i.guim.co.uk/img/media/185c6310fabe6e3256ef2eb7bf67d292ad9b5f95/0_0_8026_5351/master/8026.jpg?width=620&quality=45&auto=format&fit=max&dpr=2&s=a08dabd718e0064fe0e069ce845ca653","width":1240},{"src":"https://i.guim.co.uk/img/media/185c6310fabe6e3256ef2eb7bf67d292ad9b5f95/0_0_8026_5351/master/8026.jpg?width=605&quality=85&auto=format&fit=max&s=61ffca282f31c0afaa2a194756b3b868","width":605},{"src":"https://i.guim.co.uk/img/media/185c6310fabe6e3256ef2eb7bf67d292ad9b5f95/0_0_8026_5351/master/8026.jpg?width=605&quality=45&auto=format&fit=max&dpr=2&s=2ddb7bac4b5ea9c5e7435fdb565d74bd","width":1210},{"src":"https://i.guim.co.uk/img/media/185c6310fabe6e3256ef2eb7bf67d292ad9b5f95/0_0_8026_5351/master/8026.jpg?width=445&quality=85&auto=format&fit=max&s=0515e00c4685f8b07ef39fe3f3912631","width":445},{"src":"https://i.guim.co.uk/img/media/185c6310fabe6e3256ef2eb7bf67d292ad9b5f95/0_0_8026_5351/master/8026.jpg?width=445&quality=45&auto=format&fit=max&dpr=2&s=14cac312d4e5e92e24bc867f071a5424","width":890}]},{"weighting":"thumbnail","srcSet":[{"src":"https://i.guim.co.uk/img/media/185c6310fabe6e3256ef2eb7bf67d292ad9b5f95/0_0_8026_5351/master/8026.jpg?width=140&quality=85&auto=format&fit=max&s=3bc3ecd425a8a763c13d7373623aa1ed","width":140},{"src":"https://i.guim.co.uk/img/media/185c6310fabe6e3256ef2eb7bf67d292ad9b5f95/0_0_8026_5351/master/8026.jpg?width=140&quality=45&auto=format&fit=max&dpr=2&s=36144f9e2059c4ae553065c1c629c427","width":280},{"src":"https://i.guim.co.uk/img/media/185c6310fabe6e3256ef2eb7bf67d292ad9b5f95/0_0_8026_5351/master/8026.jpg?width=120&quality=85&auto=format&fit=max&s=6939ad3af44757d5dcfbb7b9026c8514","width":120},{"src":"https://i.guim.co.uk/img/media/185c6310fabe6e3256ef2eb7bf67d292ad9b5f95/0_0_8026_5351/master/8026.jpg?width=120&quality=45&auto=format&fit=max&dpr=2&s=2c30208bfdbe067ad3948c3f273e3212","width":240}]},{"weighting":"supporting","srcSet":[{"src":"https://i.guim.co.uk/img/media/185c6310fabe6e3256ef2eb7bf67d292ad9b5f95/0_0_8026_5351/master/8026.jpg?width=380&quality=85&auto=format&fit=max&s=c4ea2174414a373585edea3ccb8dedfd","width":380},{"src":"https://i.guim.co.uk/img/media/185c6310fabe6e3256ef2eb7bf67d292ad9b5f95/0_0_8026_5351/master/8026.jpg?width=380&quality=45&auto=format&fit=max&dpr=2&s=8fa14aa0d729cc2e4376020ed25d8228","width":760},{"src":"https://i.guim.co.uk/img/media/185c6310fabe6e3256ef2eb7bf67d292ad9b5f95/0_0_8026_5351/master/8026.jpg?width=300&quality=85&auto=format&fit=max&s=f2ffcbada23a16ece9f91abfa002329e","width":300},{"src":"https://i.guim.co.uk/img/media/185c6310fabe6e3256ef2eb7bf67d292ad9b5f95/0_0_8026_5351/master/8026.jpg?width=300&quality=45&auto=format&fit=max&dpr=2&s=6a425c242177516fe99f7329b166a07d","width":600},{"src":"https://i.guim.co.uk/img/media/185c6310fabe6e3256ef2eb7bf67d292ad9b5f95/0_0_8026_5351/master/8026.jpg?width=620&quality=85&auto=format&fit=max&s=276d7ce2a0487b4110982975142c2202","width":620},{"src":"https://i.guim.co.uk/img/media/185c6310fabe6e3256ef2eb7bf67d292ad9b5f95/0_0_8026_5351/master/8026.jpg?width=620&quality=45&auto=format&fit=max&dpr=2&s=a08dabd718e0064fe0e069ce845ca653","width":1240},{"src":"https://i.guim.co.uk/img/media/185c6310fabe6e3256ef2eb7bf67d292ad9b5f95/0_0_8026_5351/master/8026.jpg?width=605&quality=85&auto=format&fit=max&s=61ffca282f31c0afaa2a194756b3b868","width":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Foreign Secretary David Lammy, left, and Brazil's Indigenous Peoples Minister Sonia Guajajara, right, attend a session on funding for Indigenous Peoples at the COP29 in Baku.","caption":"Britain's Foreign Secretary David Lammy, left, and Brazil's Indigenous Peoples Minister Sonia Guajajara, right, attend a session on funding for Indigenous Peoples at the COP29 in Baku.","credit":"Photograph: Sergei Grits/AP"}},{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":"<p>That constraint is fairly typical across governments – no other ministries may preempt Treasury decisions. So the involvement of finance in this year’s talks is an added complication for many.</p>","elementId":"aace3450-ebd9-431a-89b2-d05522a2c872"},{"_type":"model.dotcomrendering.pageElements.TextBlockElement","html":"<p>Finding the money to put developing countries on to a green path <a href=\"https://www.theguardian.com/environment/2024/nov/13/barbados-pm-mia-mottley-donald-trump-climate-meeting-invitation\">makes sense for rich countries</a>, and for <a href=\"https://www.theguardian.com/environment/2024/nov/15/china-faces-crucial-decisions-on-climate-policy-during-second-trump-term\">rapidly developing economies such as China</a>, as much as it does the poor. Not only would it prevent climate chaos, help stem climate migration, and <a href=\"https://www.theguardian.com/environment/2024/nov/11/developing-world-needs-private-finance-for-green-transition-says-cop-president\">prevent the reversal of development in stricken countries</a> – it would also open new markets for countries with low-carbon expertise to sell into. A trillion dollars a year is only about 1% of the global economy, and is less than a third of the amount spent globally on energy every year. These talks are not a lost cause. A deal at Cop29 would lift everybody, and it is there to be grasped.</p>","elementId":"9d70dbe9-4582-49dc-9e7e-62783c755bb3"}],"attributes":{"pinned":false,"keyEvent":true,"summary":false},"blockCreatedOn":1731910661000,"blockCreatedOnDisplay":"07.17 CET","blockLastUpdated":1731916350000,"blockLastUpdatedDisplay":"08.52 CET","blockFirstPublished":1731910674000,"blockFirstPublishedDisplay":"07.17 CET","blockFirstPublishedDisplayNoTimezone":"07.17","title":"Second week of talks begin","contributors":[{"name":"Fiona Harvey","imageUrl":"https://i.guim.co.uk/img/uploads/2022/12/08/Fiona_Harvey_old_image.jpg?width=300&quality=85&auto=format&fit=max&s=df55c32c5c88b81691b6867c184b460e","largeImageUrl":"https://i.guim.co.uk/img/uploads/2022/12/08/Fiona_Harvey_old_image.png?width=300&quality=85&auto=format&fit=max&s=3d50d6153c8c1316bf23d95433612349"}],"primaryDateLine":"Mon 18 Nov 2024 12.16 CET","secondaryDateLine":"First published on Mon 18 Nov 2024 07.17 CET"}],"filterKeyEvents":false,"id":"key-events-carousel-mobile","absoluteServerTimes":false,"renderingTarget":"Web"}">

Key events

1.5C limit 'deader than a doornail' say climate experts

Oliver Milman
Oliver Milman

The internationally agreed goal to keep the world’s temperature rise below 1.5C is now “deader than a doornail”, climate scientists have gloomily concluded, writes Oliver Milman, environment reporter for Guardian US.

Three of the five leading research groups monitoring global temperatures consider 2024 on track to be at least 1.5C (2.7F) hotter than pre-industrial times, underlining it as the warmest year on record, beating a mark set just last year. The past 10 consecutive years have already been the hottest 10 years ever recorded.

Tourists shelter from the sun in Athens in June, which was the hottest June on record. Photograph: Petros Giannakouris/AP

Although a single year above 1.5C does not itself spell climate doom or break the 2015 Paris agreement, in which countries agreed to strive to keep the long-term temperature rise below this point, scientists have warned this aspiration has in effect been snuffed out despite the exhortations of leaders currently gathered at a United Nations climate summit in Azerbaijan.

“The goal to avoid exceeding 1.5C is deader than a doornail. It’s almost impossible to avoid at this point because we’ve just waited too long to act,” said Zeke Hausfather, climate research lead at Stripe and a research scientist at Berkeley Earth. “We are speeding past the 1.5C line an accelerating way and that will continue until global emissions stop climbing.”

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Dharna Noor

Ministers from Azerbaijan, Cop29’s host, at a Monday press conference touted their climate-related health, education, and job creation efforts, writes Dharna Noor, Guardian US fossil fuels and climate reporter, in Baku.

Among the initiatives they boasted of were an intergovernmental initiative to boost climate literacy, a ranking of the most sustainable universities, and an intergovernmental effort to take on climate-related health issues.

The press conference came amid rumours that the country was close to releasing its new decarbonisation plan, known as a “nationally determined contribution,” to the UN. No such plan was announced.

Azerbaijan is set to see a massive expansion of planet-heating gas production in the next decade, my colleague Damian Carrington revealed last month.

When asked how the role of fossil fuels in warming the planet will be handled in Azerbaijan’s climate-related school curricula, the country’s minister of science and education deflected. It would be “simple” to say oil and gas causes emissions. But instead, the curricula will focus on the “different types of carbon footprints caused by energy,” he said.

And it will pose the following question to children: “What will be my contribution to the, let’s say, greener world.”

Climate experts have long warned that oil and gas expansion is incompatible with plans to secure a liveable future.

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Hullo! This is Damien Gayle taking the helm on the liveblog now, keeping you up to date with the latest from Cop29 for the rest of the day – with thanks to Bibi for getting things going.

I hope you will stay with us all day, in spite of the somewhat frustrating news so far on progress from the negotiations. Remember, if you have any comments, suggestions or tips for things we could be writing about you can get in touch with me at damien.gayle@theguardian.com.

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Carbon Brief, in their (absolutely essential) morning briefing email, have rounded up the latest on President-elect Donald Trump’s environmental calls, including more detail on Chris Wright, Trump’s pick to lead the US Department of Energy.

In a piece on Reuters, he’s described as a “staunch defender of fossil fuel use”. It continues: “Wright is the founder and CEO of Liberty Energy, an oilfield services firm based in Denver. He is expected to support Trump’s plan to maximise production of oil and gas and to seek ways to boost generation of electricity, demand for which is rising for the first time in decades.” He also “made a media splash in 2019 when he drank fracking fluid on camera to demonstrate it was not dangerous”.

The Washington Post, BBC News and Al Jazeera all describe Wright as a climate change “sceptic”. The Post notes that, in a LinkedIn video last year, Wright said: “There is no climate crisis…the only thing resembling a crisis with respect to climate change is the regressive, opportunity-squelching policies justified in the name of climate change.” Axios notes that Wright has called net-zero emissions pledges “silly” and “hopelessly destructive” because of the costs that come with cleaner energy sources. In an analysis article, Sky News climate reporter Victoria Seabrook says the choice “spells disaster for the fight against climate change”.

Relatedly, Reuters reports that Trump also announced the creation of a National Energy Council to coordinate policies to boost US energy production – and that will be led by his pick for interior secretary, North Dakota governor Doug Burgum. The Independent delves into the comments on climate by many of Trump’s picks. And the Associated Press reports on how Alaska’s political leaders “hope to see Trump undo restrictions on oil drilling”.

Meanwhile, a Reuters “exclusive” reports that Trump’s transition team “is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation”. The newswire adds: “Ending the tax credit could have grave implications for an already stalling US EV transition. And yet representatives of Tesla – by far the nation’s biggest EV maker – have told a Trump-transition committee they support ending the subsidy, said the two sources, speaking on condition of anonymity.” In response, Reuters also reports, current energy secretary Jennifer Granholm told reporters at COP29 that cancelling the tax credit would mean “ceding the territory to other countries, particularly China”.

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Adaptation is 'the difference between life and death' says UN climate chief

Damian Carrington
Damian Carrington

The climate crisis is right here, right now, taking lives and livelihoods across the world, as my story earlier today on supercharged extreme weather lays bare. That makes protecting people even more vital than ever, from flood defences to heatwave plans to resilient water supplies.

Simon Stiell, Executive Secretary of UNFCCC, warns that what Cop does here is “the difference between life and death”. Photograph: Maxim Shemetov/Reuters

The UN climate chief Simon Stiell spelled out in forceful terms today - “the difference between life and death” - why it is critical that Cop29 delivers the funding for this adaptation, as part of the overall finance goal.

“This year, we saw how every bit of preparation – every policy, every plan – is the difference between life and death for millions of people around the world. People, communities, nations want to act, to protect themselves and their loved ones, to strengthen their businesses and economies – but they do not have the means.

And when nations can’t climate-proof their links in global supply chains, every nation in our interconnected global economy pays the price. I mean literally pays the price, in the form of higher inflation, especially in food prices, as savage droughts, wildfires and floods rip through food production. We must flip this script.

[But] there is a stark financial gap we must bridge. Adaptation costs are skyrocketing for everyone, especially developing countries. Their costs could rise to $340 billion per year by 2030.

It’s easy to become slightly anaesthetized by all these numbers, especially at this finance-focused COP. But let’s never allow ourselves to forget: these figures are the difference between safety and life-wrecking disasters for billions of people.

Almost half the human population live in climate vulnerability hotspots, where people are 15 times more likely to die from climate impacts. Personally, I find that fact deeply disturbing, practically offensive in some ways. It certainly keeps me up at night, and I’m guessing it also does so for many of you.

We can no longer rely on small streams of finance. We need torrents of funding. The funding exists. We need to unlock and unblock it.

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This great piece ran late last week on the excellent online environmental reporting site Grist, delving into one of the big issues for the summit:

The question bringing COP29 to a halt: Who’s rich enough to pay for climate change?

Everyone at the COP29 climate summit agrees that the world’s poorest and most climate-vulnerable countries need trillions of dollars to transition to clean energy and cope with climate-fueled disasters. And everyone agrees that rich countries, which are responsible for a disproportionate share of historic carbon pollution, have some responsibility to pay up for this.

But the question nobody can seem to agree on is this: Which countries are rich?

The battle lines were drawn more than three decades ago, in the 1992 agreement that first established COP as the forum for annual U.N. climate talks. That agreement divided the world’s countries into “developed country parties” and “developing country parties.”

The world has changed a great deal since then. China and India have become two of the world’s five largest economies and together make up almost a third of the world’s population. East Asian countries like Singapore and South Korea have become pillars of the global technology and manufacturing sectors — and grown phenomenally richer in the process. Persian Gulf countries like Saudi Arabia and the United Arab Emirates have used money from their massive oil fields to build some of the world’s most eye-popping infrastructure and buy global influence. As a result of all this change, only 13 of the world’s 20 largest economies were considered “developed” at the time the U.N. convention first took effect.

For incumbent developed countries like the United States and Canada, which are facing calls to commit to sending a trillion dollars per year to poor nations, the key question in Baku is how to bring newly flush economies over to the donor side of the table.

It will be fascinating to see what progress can be made on this critical issue this week.

COP29 climate summit in Baku
China's First Vice Premier Xuexiang Ding delivers a statement during the United Nations climate change conference.
Photograph: Maxim Shemetov/Reuters
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A tax on oil and gas companies could raise more than $15 billion, say campaigners

Matthew Taylor

A small tax on just seven of the world’s biggest oil and gas companies would raise $15 billion in the first year alone to help the world’s most climate-vulnerable countries pay for the escalating cost of damage caused by the climate crisis.

New analysis from Greenpeace and Stamp out Poverty shows a minimal tax on companies which have seen their profits spiral in recent years would see the UN’s Loss and Damage fund rise by more than 2000%.

Abdoulaye Diallo, from Greenpeace International’s Stop Drilling Start Paying campaign said: “Who should pay? This is fundamentally an issue of climate justice and it is time to shift the financial burden for the climate crisis from its victims to the polluters behind it.”

A natural gas flare burns near an oil pump jack at the New Harmony Oil Field in Grayville, Illinois, US. Photograph: Bloomberg/Getty Images

She said the analysis revealed the scale of the urgent need for innovative solutions to raise the funds to meet it.

“We reject Big Oil’s assault on people and democracy and call on governments worldwide to adopt the Climate Damages Tax and other mechanisms to extract revenue from the oil and gas industry.”

The ‘Climate Damages Tax’ would see a global tax put on every tonne of carbon emitted by the coal, oil and gas extracted - starting at $5 per tonne and rising each year thereafter.

If it was imposed on ExxonMobil, Shell, Chevron, TotalEnergies, BP, Equinor and ENI it could raise $15 billion in the first year alone, the study shows.

Currently, just $702 million has been pledged to the loss and damage fund, while the combined profits of those fossil fuel companies exceeds $148 billion.

The briefing also highlights the financial costs of some of this year’s worst climate driven weather events, which caused at least $64 bn in damage and represent just a fraction of the global cost of loss and damage over the last year.

David Hillman, Director of Stamp Out Poverty, said: “While oil and gas giants keep raking in grotesque levels of profit from exploiting resources, the damages resulting from the industry’s operations are disproportionately borne by people who did not cause the crisis. A climate damages tax – along with other levies on fossil fuels and high-emitting sectors – will make polluters pay for the cost of climate impacts, as well as supporting workers and affected communities in the transition to clean energy, jobs, and transport.”

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My colleague Fiona Harvey spoke to Jochen Flasbarth, the German development secretary, at Cop over the weekend. He warned that countries must find a deal this week and not delay.

“Postponing the decision here to Belém [the city in northern Brazil where next year’s UN climate summit will be held] is not something advisable,” he told the Guardian. “We have an increasing crisis in the world, war in the world, and countries disappearing from global solidarity like the US, and the departure of the Argentinian delegation. These are clear signals that we will get in difficult times.”

Flasbarth was upbeat on the talks, but others have spoken of “frustration” and a “vacuum”. He said: “I’m quite positive that we can reach an agreement here. We are building up something credible.”

He told Fiona that a Cop focused on finance was always going to be difficult. “Some people are worried because this is economically an issue of distribution, and this is always not easy. But I see some positive signals.”

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Meanwhile in the world beyond Cop (yes, there is such a place), there is plenty of lively weather going on. The Caribbean is dealing with Tropical storm Sara, the 18th named storm of the Atlantic hurricane season and the third this month.

Soldiers patrol to evacuate people residing in vulnerable areas, due to flooding near the Choluteca River, during the aftermath of tropical storm Sara, in Tegucigalpa, Honduras. Photograph: Fredy Rodríguez/Reuters

The Philippines have been hit by the sixth typhoon this month. And in the US in the past week, Louisiana has experienced significant rainfall, causing widespread flash flooding across central and south-east regions of the state. Further heavy rainfall is expected across regions bordering the Gulf of Mexico over the coming days. Rainfall totals for the 24-hour period leading into Tuesday could exceed 100mm in Alabama and southern Mississippi.

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How usual is it to have G20 happening at the same time as Cop? According to Jen Iris Allan, a senior lecturer at Cardiff University who also writes the Regular Earth Negotiations Bulletin, commenting on Bluesky, it’s not normal at all.

Cop29 happening at the same time as the G20 is a rare opportunity. It gets the leaders of the big economies together in a small setting. They could strike a side deal that would really help here.

It will be interesting to see how the two meetings interplay. Some are going back and forth. Marina Silva, Brazil’s environment minister, for example, posted that she had “taken a break from her Cop responsibilities for a few days” so that she could attend G20.

The UN secretary general Antonion Guterres is at G20 too, and will also be heading back to Cop later this week.

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Josh Gabbatiss has just posted a Monday-morning primer on the state of affairs with the climate finance text as the second week of COP29 begins. You can find it on Bluesky here. He points out:

The new climate finance target is the big issue that will define COP29. Government ministers are arriving to thrash out everything from the amount of money raised to who contributes towards it.

He notes that:

We’ve seen a few versions of the text as parties make sure their views are represented while trying to produce something their governments can work with. The number of “options” is lower than it was on Wednesday. But the number of brackets - meaning undecided bits - is higher.

It’s still long: 25 pages. Negotiators started with a 9-page text, which they rejected as “unbalanced” - then lots of stuff got added back in. It will need to be shorter. The EU chief negotiator told journalists last week that a 2-page text could capture “everything we need”.

Protests continue at Cop as the negotiators resume discussions. Photograph: Peter Dejong/AP
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Looks as if Trump WILL keep his promise to Drill baby, drill. On Saturday he appointed Chris Wright, an oil and gas industry executive and a staunch defender of fossil fuel use, to lead the US Department of Energy.

Wright is the founder and CEO of Liberty Energy, an oilfield services firm based in Denver, Colorado. He is expected to support Trump’s plan to maximize production of oil and gas and to seek ways to boost generation of electricity, demand for which is rising for the first time in decades.

Liberty Oilfield Services Inc. CEO Chris Wright (centre) with NYSE Group President Thomas Farley at the New York Stock Exchange a few years ago. Photograph: Lucas Jackson/Reuters
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The Loss and Damage collaboration have published an open letter to the Cop presidency, about the negotiations for a new collective quantified goal on climate finance (NCQG). They explaining their reasoning here.

The letter is, essentially, a plea. They point out that “emissions in developed countries continued to grow, leaving a diminishing slice of the global carbon budget for developing countries to meet their social and development needs, which corresponds to an enormous financial debt owed to developing countries by developed countries.”

“We are counting on you to get us back on track towards creating a world in which all humans, all other species and all ecosystems are thriving on a healthy planet at this COP.”

The letter goes on to say:

We call on you to agree to:

  • An NCQG that ensures that we can keep below the 1.5°C survival limit of the Paris Agreement.

  • An NCQG based on the needs and priorities of developing countries and with public funds provided by developed countries exclusively for all developing countries, one that does not deviate from Article 9 of the Paris Agreement.

  • An NCQG that delivers at least USD 1.3 trillion a year for mitigation, adaptation and Loss and Damage provided as grants and highly concessional finance.

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Adam Morton
Adam Morton

Representatives from two Pacific island countries have sharply criticised Australia over its plans for a massive gas industry expansion in Western Australia, saying it could ultimately result in 125 times more greenhouse gas emissions than their island nations release in a year.

Representatives from Vanuatu and Tuvalu called on Australia to stop approving new fossil fuel developments, including a proposal to extend the life of Woodside’s North West Shelf gas facility until 2070.

Vanuatu’s special envoy for climate change, Ralph Regenvanu, said Australia was “not acting in good faith” when it stood alongside Pacific leaders on the global stage and promoted its climate credentials while continuing to approve coal and gas projects.

The low-lying South Pacific island nation of Tuvalu, home to about 11,000 people, is extremely vulnerable to climate change. Photograph: Kirsty Needham/Reuters

“As the world’s third largest fossil fuel exporter, the Australian government is exporting climate destruction overseas, including to Pacific nations like Vanuatu, who experience the most devastating impacts of the climate crisis, despite contributing the least,” he said. “This is climate injustice.”

Tuvalu’s climate change minister, Maina Talia, said new fossil fuel developments were incompatible with the global commitment to pursue efforts to limit global heating to 1.5C, agreed as part of the Paris climate deal.

The criticism comes as Australia is lobbying to host Cop31 in 2026 in partnership with Pacific countries. They are vying with Turkey for the hosting rights. Pacific leaders have largely supported the bid for what has been described as a proposed “Pacific Cop”, and have argued it should focus on lifting commitments to cut emissions and support the most vulnerable in the region.

You can read the full story here:

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One of the most striking things about attending any Cop summit is the sense of walking through corridors filled with a truly global population, Representatives of different nations take great pride in wearing the traditional clothes of their community, and it makes an immensely powerful and inspiring statement.

Photographer Rafiq Maqbool, from AP, has spent a bit of time taking some striking photographs of a few of the different representatives. We’ll post a few more later.

Saina Ekaterina Savvinova, 53, of Yakutsk, Russia, from the Yakut community. Photograph: Rafiq Maqbool/AP
Ninawa Inu Pereira Nunes, 50, of Feijo, Brazil, from the Huni Kui community. Photograph: Rafiq Maqbool/AP
Flora Vano, 39, of Port Vila, Vanuatu, from the Melenasian community. Photograph: Rafiq Maqbool/AP
Mingma Chhiri, 40, of the Khumbu Pasanglhamu Municipality District, Nepal, from the Sherpa community. Photograph: Rafiq Maqbool/AP
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UN chief urges G20 ’leadership’ on stalled climate talks

There are reports from AFP that the UN secretary general António Guterres yesterday called on the G20 leaders who are gathering in Rio de Janeiro to rescue the stalled concurrent UN climate talks in Azerbaijan by showing “leadership” on cutting emissions.

“A successful outcome at Cop29 is still within reach, but it will require leadership and compromise, namely from the G20 countries,” Guterres, who will attend the summit of the world’s biggest economies starting Monday, told a press conference in Rio.

Brazil’s President Lula greets U.N. General-Secretary Guterres ahead of the G20 summit, in Rio de Janeiro Photograph: Ricardo Stuckert/Brazilian Presidency/Reuters

AFP reports: “The annual UN talks in Baku are deadlocked at the midway point, with nations no closer to agreeing a $1 trillion deal for climate investments in developing nations after a week of negotiations.

The talks are stuck over the final figure, the type of financing, and who should pay, with Western countries wanting China and wealthy Gulf states to join the list of donors. All eyes have turned to Rio in the hope of a breakthrough.

“The spotlight is naturally on the G20. They account for 80 percent of global emissions,” Guterres said, calling on the group to “lead by example.”

Climate was an issue advanced by several of the leaders as they converged on Rio.

US President Joe Biden, making a stopover in the Amazon, talked up $11 billion in bilateral climate financing his administration has allocated this year.

He also - in a reference to President-elect Donald Trump taking over from him in two months - declared that “nobody” could reverse the “clean energy revolution” directed by his government.

European Union chief Ursula von der Leyen and South African President Cyril Ramaphosa in Rio jointly launched a campaign to boost renewable energies in Africa.

“Tripling renewables globally until 2030 would mean a cut of 10 billion tonnes of CO2 emissions,” von der Leyen said at an event put on by the advocacy group Global Citizen.

She said the EU was increasing investment around the world for the building of infrastructure of renewables, “specifically in Africa” through the bloc’s Global Gateway program - designed to rival China’s Belt and Road Initiative.

The European Union is the world’s biggest contributor for climate financing, most of which goes through multilateral funds.

Chinese President Xi Jinping - whose country is the planet’s biggest polluter - made his own plea for the G20 to step up international cooperation against climate change.

The leaders of the world’s biggest economies should coordinate efforts in areas such as “green and low-carbon development, environmental protection, energy transition and climate change response,” he said in a tribune published in Brazil’s Folha de Sao Paulo newspaper.

The G20 should “provide more funding, technology and capacity-building support to Global South countries,” he said.

Brazil is hoping to channel the focus on climate in the two-day G20 summit for it to feature prominently in the meeting’s final declaration.

Marina Silva, Brazil’s environment minister, said it was “fundamental” that the G20 participants “do their homework” and see to it that the COP29 negotiations move forward.

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My colleague Damian Carrington has written about a new assessment of the role of climate change in extreme weather events, which found that it is supercharging heatwaves, floods, storms, droughts and wildfires. The new database of hundreds of studies that analyse the role of global heating in extreme weather was compiled by the website Carbon Brief and shared with the Guardian.

At least 24 previously impossible heatwaves have struck communities across the planet, a new assessment has shown, providing stark evidence of how severely human-caused global heating is supercharging extreme weather.

The impossible heatwaves have taken lives across North America, Europe and Asia, with scientific analyses showing that they would have had virtually zero chance of happening without the extra heat trapped by fossil fuel emissions.

Further studies have assessed how much worse global heating has made the consequences of extreme weather, with shocking results. Millions of people, and many thousands of newborn babies, would not have died prematurely without the extra human-caused heat, according to the estimates.

The analysis comes as residents were evacuated from their homes in New York state due to wildfires, made worse by a prolonged drought over nearly half of the US.

Smoke rises from the Jennings Creek Wildfire as the moon rises over Greenwood Lake on November 13, 2024 in Greenwood Lake, New York. An extended drought has helped fuel the Jennings Creek Wildfire on the New York/New Jersey border, which has grown to 5,000 acres across both states. Photograph: Kena Betancur/Getty Images
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Second week of talks begin

Fiona Harvey
Fiona Harvey

We are now embarking on the second week of talks in Azerbaijan, and critics have been calling Cop29 “stuck”, “logjammed”, “on a knife edge”, and “foundering”. One respected commentator, Mohamed Adow, director of the Power Shift Africa thinktank, said: “This has been the worst first week of a Cop in my 15 years attending these summits. There’s been limited progress … I sense frustration, especially among the developing country groups here at Cop. The presidency isn’t giving any hope for how the world will strike the right compromises.”

This kind of weariness is understandable, especially from people stuck in windowless rooms for 18 hours a day. And the frustration of developing countries is real – climate finance, the subject of this Cop, is a matter of life and death for them, and rich countries are certainly dragging their heels on coming up with the sums needed.

Conference participants arrive at the main gate reflected in a puddle on day seven of the UNFCCC COP29 Climate Conference Photograph: Sean Gallup/Getty Images

It has been a gruelling week, beginning last weekend with a tedious row over the agenda as countries led by Saudi Arabia – predictably and reprehensibly – tried to sideline discussions of the “transition away from fossil fuels” that was agreed last year, as a way of unpicking that resolution. That led to long nights, even at an early stage.

Added to that, world leaders failed to turn up in the numbers expected, with many of them – Biden, Scholz, Macron, von der Leyen and Trudeau among them – facing troubles at home. The Cop process itself has come under attack, with a group including a former UN secretary-general, a former UN climate chief, and a former UN climate envoy, calling for reform.

But to be too gloomy about these talks at this stage would be wrong. There is a deal to be struck here – and as Germany’s respected development minister Jochen Flasbarth warns today, putting it off to next year means trying to run these talks with Donald Trump in the White House.

This is my 18th Cop – my first was Cop10 in Buenos Aires in 2004, in the distant days when Argentina was a developing world climate champion. From my perspective, the first week of Cop29 has not seen great movement, but nor has the Cop shown signs of falling apart – unlike the infamous Copenhagen Cop15, in 2009 which was already a shambles by the midway point. With negotiations lasting two weeks, progress on breaking down the key obstacles will inevitably be limited, at the halfway mark.

The Cop presidency has made some missteps – rolling out the red carpet to oil companies; the Cop chief executive appearing to offer facilitation of fossil fuel deals to an undercover journalist. But it has not allowed the agenda to spiral out of its control, as the Danish prime minister’s office did at at Cop15, which ended in mayhem. (Though also with a useful deal, which many people forget.)

We must all remember, too, that Cop29 is breaking new ground, so it’s not surprising this is turning out to be tricky. This is the first time there have ever been substantive negotiations on finance at a Cop.

When the totemic target of ensuring $100bn would flow to developing countries each year by 2020 was put on the table, in the last days of Copenhagen, it was done with only brief prior discussion. (The finance announcement took even the UN by surprise – Ban Ki-moon, when I interviewed him just after he had stepped off the plane at Copenhagen, confidently told me that developing countries must resign themselves to leaving Cop15 without promises of cash. When the story appeared, he was promptly shot down by the Cop presidency and told to recant – so he claimed to have been misquoted. He wasn’t.)

Finance ministers don’t even come to Cops, under normal circumstances, or make only occasional brief appearances – these meetings are usually run by environment ministers or foreign ministries. To get an idea of how constrained other ministries are by the finance department, take the speech by UK foreign secretary David Lammy this September. Lammy wanted to announce the UK’s return to climate leadership on the global stage, in contrast to his Conservative predecessors. But he was not allowed to confirm the UK’s pledge of £11.6bn of climate aid, set out under the previous government – because the UK’s finance minister, Rachel Reeves, would not set out the UK budget until the following month.

Britain's Foreign Secretary David Lammy, left, and Brazil's Indigenous Peoples Minister Sonia Guajajara, right, attend a session on funding for Indigenous Peoples at the COP29 in Baku. Photograph: Sergei Grits/AP

That constraint is fairly typical across governments – no other ministries may preempt Treasury decisions. So the involvement of finance in this year’s talks is an added complication for many.

Finding the money to put developing countries on to a green path makes sense for rich countries, and for rapidly developing economies such as China, as much as it does the poor. Not only would it prevent climate chaos, help stem climate migration, and prevent the reversal of development in stricken countries – it would also open new markets for countries with low-carbon expertise to sell into. A trillion dollars a year is only about 1% of the global economy, and is less than a third of the amount spent globally on energy every year. These talks are not a lost cause. A deal at Cop29 would lift everybody, and it is there to be grasped.

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Updated at 

Good morning! It’s Monday morning, and the negotiations at Cop29 will resume today after a day of rest for everyone concerned.

I’m Bibi van der Zee, and I’ll be anchoring the liveblog this morning, so please send your thoughts and suggestions along to me at Bibi.vanderzee@theguardian.com. Looking forward to hearing from you.

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