Reporting by Mathew Carr
Nov. 20-21, 2024 — They should not be allowed to get away with it, says Bolivia, Like Minded negotiation group at climate talks in Baku, Azerbaijan:
Go to about 8 minutes if you are short of time.
“Finance is not charity, finance is a legal obligation”
Diego Pacheco — seeking to hold developed countries to account
On whether $200 billion a year is enough:
“Is it a joke?” Pacheco asked.
(The press applaud this …the press deep down [many of which is biased toward rich countries] acknowledges the injustice …. and it is finally coming front and centre in 2024 after more than 30 years of climate negotiations)
Adaptation needs alone is $400 billion a year …which is why $200 billion a year would be a joke, the press was told. “A very big joke indeed.”: Kenya rep Ali Mohamed
Poorer nations are seeking money for mitigation of emissions and loss and damage, for instance.
$800 billion a year, here:
On the final of two Wednesdays of the talks … it’s too early to talk of walking away because it is a bad deal: Mohamed.
$1.3 trillion a year govt to govt is needed (i think) …said …
Adonia Ayebare, Uganda, G77 nations: “I used to be a member of the press. Headline is important.”
After that headline, “we can look at another layer” –finance from rich-ish emerging countries such as China, for example.
Near the end of the press conference the panel is asked by Carbon Brief: Can convergence come by favoring the poorest nations?
Mohamed: Cherry picking is not appropriate. The UNFCCC and Paris Agreement is clear the finance is due (without conditions).
In an exclusive interview I did earlier (yesterday)…EU and Swedish rep Annika Christell, said this, saying they were her personal thoughts rather than a position of the EU bloc or the Swedish nation:
“If a majority of countries transition into a new green economic model, why would countries choose to stay behind?
“If countries want to take full advantage of the opportunities of the transition to a new green economic model in terms of economic competitiveness, social inclusiveness and job growth, they need to take part in it now. “
“We have five years left this critical decade, so every country has to contribute with their highest possible ambition.”
The negotiations were not conducted in an ideal way and as of Tuesday were not real negotiations, said Zaheer Fakir, co-chair of the new collective quantified goal (NCQG) climate finance talks.
Instead of negotiating by looking each other in the eye and sitting across from each other, each party would come to the co chairs and list their requests/demands …and then the co chairs would need to try to sort out a compromise text.
Fakir, also a senior advisor to the outgoing UAE presidency, said he couldn’t really say why the talks were arranged in such a fashion, yet it appears to stem from a trend started at the Glasgow climate talks in 2021.
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