welcome to a special place Please ask me anything session with me, Stuti Mishra, independent Asia climate correspondent.
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The United Nations’ 29th annual Climate Summit (Cop 29) opens on Monday in Baku, Azerbaijan, bringing together world leaders, activists and experts to address urgent climate challenges.
A major focus this year is climate finance, with discussions centering on how to mobilize the trillions of dollars needed to reduce emissions and support countries already suffering severe climate impacts. Leaders of the most affected countries are proposing a new fiscal target, a new collective quantitative goal (NCQG), to replace the $100 billion pledged under the Paris Agreement.
Despite rich countries’ responsibility to finance global climate action as part of a deal to limit warming to 1.5°C, finance remains a divisive issue. Disagreements persist over how much funding is needed, who should contribute, what counts as funding, and which areas should be prioritized. The original $100 billion goal was only reached in 2022. 2 years late – Now pales in comparison to the mounting costs of climate change.
Donald Trump’s re-election in the United States is further complicated by raising questions about U.S. involvement, given his past withdrawal from the Paris Agreement and rollbacks on environmental policy.
Other key topics at the summit include how to continue the transition from fossil fuels to renewable energy and finalize international carbon market regulations.
So what does Cop29 mean for the future of climate action? Will countries make real progress on climate finance? And how might Trump’s return to power affect the outcome? Does it have a gender?
If you have any questions about Cop29, submit them now. Or join us live on November 23rd at 8am for our Ask Me Anything event. I’ll be here to answer as many questions as I can, from financial interests to the potential impact of U.S. politics on global climate action.
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