{"id":135464,"date":"2024-11-18T07:53:00","date_gmt":"2024-11-18T05:53:00","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/half-way-through-the-cop29-climate-summit-and-the-frustration-is-showing\/"},"modified":"2024-11-18T07:53:00","modified_gmt":"2024-11-18T05:53:00","slug":"half-way-through-the-cop29-climate-summit-and-the-frustration-is-showing","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/half-way-through-the-cop29-climate-summit-and-the-frustration-is-showing\/","title":{"rendered":"Half way through the COP29 climate summit and the frustration is showing"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/135464\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>The COP29 climate summit is midway through now and negotiators are trying to hammer out a deal that might be worth hundreds of billions of dollars. Several experts have said one trillion dollars a year or more is needed both to compensate for such damages and to pay for a clean-energy transition that most countries can&#8217;t afford on their own. But the previous goal of $100 billion annually until 2025 was only met two years ago.<\/p>\n<p>Now, the &#8220;new collective quantified goal&#8221; aims for at least ten times that, according to the UN&#8217;s trade and development organisation, or UNCTAD. &#8220;The goal should start from 1.1 trillion for next year. And this is more or less in the same range that has been proposed by other studies too,&#8221; Rebeca Grynspan, UNCTAD&#8217;s Secretary General, told Euronews.<\/p>\n<p>The question now is not only whether states will put their hands in their pockets and stump up the cash, but whether they will act quickly. &#8220;We expect governments to actually be seized with the same level of engagement and intensity as when the global financial crisis hit and we expect action,&#8221; John WH Denton, the Secretary General of the International Chamber of Commerce, said. And even if the money is forthcoming well developed projects to combat climate change have to be in place and ready to implement.<\/p>\n<p>&#8220;Having a goal is not the solution per se. It&#8217;s a means. But what is also very important is a commitment taken by all the countries around the world about their national contribution and what kind of objectives they set for themselves, in terms of level of renewables, getting out of coal, getting out of gas,&#8221; Odile Renaud-Basso, the president of the European Bank for Reconstruction and Development told Euronews. &#8220;So, the national objective each country sets for itself is very important also. Because having money without projects will not deliver anything.&#8221;<\/p>\n<p>Frustration is rising<br \/>\nSo far observers have been disappointed at the slow pace of progress.\u201cThis has been the worst first week of a COP in my 15 years of attending this summit,\u201d said Mohamed Adow, of climate think tank Power Shift Africa. &#8220;There\u2019s no clarity on the climate finance goal, the quality of the finance or how it\u2019s going to be made accessible to vulnerable countries. I sense a lot of frustration, especially among the developing country blocks here,\u201d he said. Panama environment minister Juan Carlos Navarro agreed, telling The Associated Press he is \u201cnot encouraged\u201d by what he\u2019s seeing at COP29 so far.<\/p>\n<p>\u201cWhat I see is a lot of talk and very little action,\u201d he said, noting that Panama is among the group of countries least responsible for warming emissions but most vulnerable to the damage caused by climate change-fuelled disasters.\u201cWe must face these challenges with a true sense of urgency and sincerity,\u201d he said. \u201cWe are dragging our feet as a planet.\u201d Samir Bejanov, the deputy lead negotiator of this year&#8217;s climate talks, said in a news conference that the climate finance talks were moving too slowly. \u201cI want to repeat our strong encouragement to all parties to make as much progress as possible,\u201d he said. \u201cWe need everyone to approach the task with urgency and determination.\u201d<\/p>\n<p>Fossil fuel giants cast a shadow over the summit<br \/>\nOn Friday environmental advocates released reports decrying fossil fuel industry influence at the climate talks called COP29. At the same time, a letter signed by a former United Nations secretary-general and ex-top climate negotiators called for dramatic reform. And the conference&#8217;s chief negotiator said current talks were going too slowly. All that put the focus on process \u2014 not results.<\/p>\n<p>A letter signed by former U.N. chief Ban Ki-Moon, former U.N. climate secretary Christiana Figueres and former Ireland President Mary Robinson called for &#8216;a fundamental overhaul of the COP&#8217;. &#8220;We need a shift from negotiation to implementation,\u201d it said. Two signees \u2014 Figueres and Johan Rockstrom, director of the Potsdam Institute for Climate Impact Research \u2014 said the letter was being badly misinterpreted as criticism of the climate talks. They said the letter was intended to show support for the process, which they said has worked and just needs to shift into a new mode.<\/p>\n<p>Instead of spending so much effort negotiating new deals in annual conferences that can attract 70,000 people, the process should be smaller and more frequent and aimed at putting what was already agreed upon into action, Rockstrom said. \u201cIt&#8217;s about strengthening the COP,&#8221; Rockstrom said. \u201cIt&#8217;s about recognising we\u2019ve accomplished so much that we have what we need. &#8230; We really need to get serious about delivery.&#8221;<\/p>\n<p><a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/my-europe\/2024\/11\/18\/half-way-through-the-cop29-climate-summit-and-the-frustration-is-showing\">Read more&gt;&gt;<\/a><\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/my-europe\/2024\/11\/18\/half-way-through-the-cop29-climate-summit-and-the-frustration-is-showing\">Euronews<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/environmental-news-en\/half-way-through-the-cop29-climate-summit-and-the-frustration-is-showing\/\">Half way through the COP29 climate summit and the frustration is showing<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[575],"class_list":["post-135464","post","type-post","status-publish","format-standard","hentry","category-news","tag-environmental-news-en"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/135464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=135464"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/135464\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=135464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=135464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=135464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}