Media coverage

“The NCQG commitments fall far short of the financing needed. Developed countries have refused to cooperate and instead have been spouting nonsense about the urgency of the situation. The so-called roadmap by the COP29 Presidency to reach $1.3 trillion per year by 2035 is still vague and there is no clear path to get there,” Thomas Houlie said.

COP29 in Baku has concluded but its outcome is disappointing, writes Bill Hare on The Guardian. "Its decisions on finance – agreeing that the developed world would provide US$300bn a year by 2035 – comes nowhere close to what’s needed."

The Paris Agreement requires countries to to set targets and report on progress reducing national levels of greenhouse gases, but it doesn't impose such requirements for emissions generated from fossil fuels they drill, mine and ship elsewhere. That has allowed countries like the United States, Norway, Australia and others to say they are making progress toward international climate goals while also producing and exporting fossil fuels at breakneck pace, Bill Hare told Reuters.

Just like last year’s initial proposal, which was soundly rejected, this plan is “empty” on what climate analysts call “mitigation” or efforts to reduce emissions from or completely get off coal, oil and natural gas, Bill Hare told PBS.

On Friday 22 Nov at COP29, Bill Hare told AP "no one's ever totally happy with the text. But the differences are so big they’ll have to be bridged before you have any chance of agreement here.”

"The timelines for these disasters are getting shorter," Jattansingh said. "You have a cycle of rebuilding, reconstruction, long-term recovery and so on — all for another event to happen."

“Colombia is doing the right thing in a way by saying we need to move away from fossil fuels,” said Bill Hare. But the whole ecosystem of the international financial community is not backing Colombia up, he said

“We’re beginning to see some of those negative feedback loops where the climate crisis itself is impacting on the energy system and making it harder to reduce emissions,” Neil Grant told Vox.

"We know that peaking is the start of the journey," says Neil Grant. "But peaking emissions would be a real sign of human agency. If we could say: look, we can turn the corner, that would highlight to me that we do have power and so it would be a hopeful thing for me."

A Trump administration that rolls back the climate policies in the Inflation Reduction Act, and carries out the conservative blueprint Project 2025, would add 0.04°C to warming projections, Sofia Gonzales-Zuniga said. That’s not much, but it could be more if other nations use it as an excuse to do less, she said.