COP29 in Baku: a conference marked by chaos and a lack of ambition for climate financing

COP29 s'recently concluded à Baku, leaving behindère it a poor agreement (according to Luxembourg's Minister of the Environment Serge Wilmes "Better a bad deal than no deal") and a lot of disappointment. This year's theme wasème central le climate finance and implementation of the NCQG (New Collective Quantified Goal), aimed at à set ambitious financial targets to support global development efforts'attenuation, d'adaptation and compensation for climatic loss and damage.

Developed countries have agreed to inject "at least " 300 billion dollars a year in developing countries by à 2035 to support their efforts to combat climate change, leaving developing countries in the lurch.èrement deceived. They were united in calling on developed countries to mobilize $1,300 billion a year to finance the fight against climate change.

Before the end of the negotiations, Juan Carlos Monterrey Gomez, envoy sps special envoy for climate issues, declared in a moving speech:

"Global military spending islèwind à 2,500 billion a year. It's not enough to spend 2,500 billion dollars to kill each other offbut it's unreasonable to spend it 1,000 billion to save lives. (...) Bringing about our own extinction is the most ridiculous thing imaginable. At least the dinosaurs had an asteroid.roïof. What's our excuse? "

In the end, the negotiators agreed on a more flexible call.âche à to raise $1.3 billion a year fromès from a wide range of sources, including private investment, between now and à 2035.

Private investment poses a major problem, however, as Votum Klimaof which CELL is an active member, explained in a press release prior to the COP:

"As private financing through the financial markets has shown its limits, this money will have to êbe put à available in the form of public funds, to prto the economic players benefiting from the system.ème lows fossil fuel dependence. To avoid reinforcing the vicious circle of the debt crisis and the climate crisis that is impacting the most vulnerable economies, this financing will have to take place in the form of donations and not prêts. "

In addition to the inadequate agreement on climate financing, countries have failed to à agree on how toère with the results of the " world review " last yearère, including the key commitment to move away from fossil fuels, should êbe implemented, returning the decision à COP30 to be held next year at Le Brésil.

COP President Azerbaïdjan, a country in which two-thirds of public revenue comes from fossil fuels, has had to face up to the challenges of the global financial crisis. à accusations of conflict of interestdreamts and embezzlement, with one minister describing the dmournful "his façon to host therence.

According to Gareth Redmond-King of the Climate and Energy Intelligence Unit, who attended the event in Baku : "A chaotic presidency à scèchaotic Friday and Saturday, with texts and pléorèand rarely delivereds. (...) The rThe day's meetings werets turbulent times; à at a given momentinn the early evening, groups of countries from the small island states and the least developed countries left a meeting of theunion, frustrthat their arguments concerning the allocation of funds à these countries, which need it most, are ignored. For a moment, the word walk out " a circuls were everywhere, and there were fears of an imminent collapse. However, they had not left that the rs meeting, not the Conference of the Parties. "

It should also be noted that recent COPs have been organized in authoritarian countries economically dependent on fossil fuels, which has greatly restricted access for civil society organizations and mobilizations. We look forward to hearing from young people about this and their overall experience. Youth for Climate Action and Climate Youth Delegates and come back to you with their testimonials.

For CELL, it is essential to continue à mobilize citizens and decision-makers to reinforce these commitments.

To conclude, we would like to give the floor to Nisreen Tamimi, présidente de l'Autorité palestinienne pour la qualité de l'environnement, has warned against an "ecocide " après more than a year of Israeli bombardments à Gaza:

"Protecting the environment is not a side issue, it's not a secondary option, it's a fundamental right that concerns us all as individuals.êtres humains."