{"id":135536,"date":"2024-11-21T07:30:36","date_gmt":"2024-11-21T05:30:36","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/till-the-midnight-hour-azerbaijan-promises-late-night-compromise-for-climate-finance-goal\/"},"modified":"2024-11-21T07:30:36","modified_gmt":"2024-11-21T05:30:36","slug":"till-the-midnight-hour-azerbaijan-promises-late-night-compromise-for-climate-finance-goal","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/till-the-midnight-hour-azerbaijan-promises-late-night-compromise-for-climate-finance-goal\/","title":{"rendered":"Till the midnight hour: Azerbaijan promises late night compromise for climate finance goal"},"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\/135536\" \/>\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 presidency plans to release a draft agreement on a bitterly fought new climate finance goal in a bid to break the deadlock over who pays and how much. Azerbaijan is putting together a \u201cclear and robust plan\u201d that will outline the new financial architecture for global climate action, the country\u2019s lead negotiator Yalchin Rafiyev told reports in Baku today.<\/p>\n<p>Key items will be the all-important \u2018new collective quantified goal\u2019 (NCQG) for climate finance from rich countries to the developing world, and a work programme on mitigation outlining how emissions reduction commitments should be implemented. \u201cWe are aiming to release these texts at around midnight,\u201d Rafiyev said, adding further documents would follow in the morning. The round-the-clock nature of the negotiations as the COP29 summit nears its scheduled close on Friday reflects the desire of the Azerbaijan presidency to clinch a deal on its watch.<\/p>\n<p>Denmark, Netherlands and UK: Which European countries rank highest for climate performance?<br \/>\nCOP29: What happened on day nine of the UN climate conference? It is also a recognition that the financial framework needs to be in place before countries can put forward the more ambitious climate plans required by February next year, and then proceed to put them into action at COP30 in Brazil next year. \u201cParties must work now through some of the most complex issues that we still have to address \u2013 confronting different options and finding common ground will be difficult by definition,\u201d Rafiyev said.<\/p>\n<p>How much climate finance, from who and in what form?<br \/>\nThe Azerbaijani deputy foreign minister would not be drawn, however, on details of the plan. He noted in terms of finance what has been made clear during the debates and political posturing on display in Baku since the summit opened on 11 November. The key points to be settled are the donor base and structure of the financing &#8211; the mix of direct grants and financing from development banks and the private sector.<\/p>\n<p>Then there is the \u201cquantum\u201d as it has become known in Baku: the headline figure for how much money developing countries can expect. Earlier talks resulted in rough drafts that ballooned from nine to 35 pages as different blocs demanded their preferred options \u2013 for example developing countries want $1.3 trillion a year \u2013 be bracketed in the document. \u201cAt this stage, we will definitely not have a huge number of options,\u201d Rafiyev said, promising a shorter, more concise text.<\/p>\n<p>Addressing journalists separately, the head of the EU delegation Wopke Hoekstra was similarly tight-lipped about what Brussels wants to see in the text. EU officials have repeatedly made clear that they want to see the donor base expanded from a list of developed countries drawn up over two decades ago, before the massive economic expansion of China in particular, but also other emerging economies.<\/p>\n<p>With Azerbaijan under pressure to deliver, Euronews asked Rafiyev on the sidelines of the event whether, for Baku, a bad deal would be better than no deal. \u201cOf course, if there is a deal, it means it&#8217;s a reflection of the consensus of the parties then it&#8217;s already a good deal,\u201d Rafiyev said. The talks are scheduled to close at 6pm local time on Friday \u2013 but recent experience suggests many hours of extended talks are a real possibility.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/green\/2024\/11\/20\/till-the-midnight-hour-azerbaijan-promises-late-night-compromise-for-climate-finance-goal\">Euronews<\/a><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/till-the-midnight-hour-azerbaijan-promises-late-night-compromise-for-climate-finance-goal\/\">Till the midnight hour: Azerbaijan promises late night compromise for climate finance goal<\/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":[4368,17013,1340,555],"class_list":["post-135536","post","type-post","status-publish","format-standard","hentry","category-news","tag-azerbaijan","tag-climate-finance-goal","tag-compromise","tag-csr-news-en"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/135536","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=135536"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/135536\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=135536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=135536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=135536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}