Key occasions
Local weather talks enter extra time
Patrick Greenfield
We’re into extra time at Cop29 in Baku and we’re nonetheless ready for indicators of compromise. It might be a really lengthy Saturday within the Azeri capital, the place a plenary is at present scheduled to happen at 10am native time.
The growing world reacted with anger to a draft $250bn local weather finance goal yesterday, dismissing it as a “joke” and much beneath the quantity that’s wanted. Behind the scenes, a diplomatic effort is underway to extend the providing from wealthy nations to ensure the deal survives.
The Guardian understands that the UN secretary normal is ringing spherical capitals to push for a better determine. The EU is amongst these open to $300bn however Japan, Switzerland and New Zealand don’t need to increase the provide, it’s understood. Let’s see who budges, if anybody.
Amongst donor nations, there’s nervousness about what Donald Trump’s return to the US presidency will imply for local weather finance, and they don’t need to overcommit to a determine they can not ship. This, mixed with the potential of proper wing governments in France, Germany, Canada and elsewhere, implies that issues are within the steadiness in Baku.
Welcome to the Guardian’s dwell protection of the Cop29 local weather convention, I’m Ajit Niranjan. After a fortnight of negotiations, talks overran effectively previous the Friday night deadline as nations negotiated over what ought to seem within the agreed textual content.
The important thing query is over local weather finance: how a lot cash ought to be supplied to poorer nations by wealthier ones, and what kind it ought to take.
We might be bringing you all the most recent developments as they occur. You may also get in contact with us at cop29@theguardian.com.
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