(CLO) Tens of thousands of people from around the world will gather tomorrow (November 11) to attend the 2024 United Nations Climate Summit (COP29) in the capital Baku of Azerbaijan.
When signing the United Nations Framework Convention on Climate Change (UNFCCC) in 1992, signatories attempted to distinguish between wealthy nations that were responsible for most of the global warming and poorer nations that were disproportionately affected by it.
In other words, the negotiations were built around the idea that the countries that benefited most from industrialization should bear the greatest responsibility for addressing the global warming it caused.
Addressing this imbalance becomes more difficult as developing economies grow and rich countries have to deal with the many costs of competition, including war.
Ahead of this week's COP29 summit, scientists believe natural disasters are becoming more frequent because our climate is undergoing major changes as emissions from burning fossil fuels continue to rise.
According to a recent United Nations report, 2024 is likely to be the warmest year on record, with global average temperatures expected to rise more than 1.5 degrees Celsius above pre-industrial levels. This increase is unlikely to stop anytime soon.
The United Nations has called for urgent action at COP29. The report also calls on countries to make stronger commitments at COP29 and subsequent conferences, including increasing funding and shifting the nature of adaptation funding from short-term project-based initiatives to strategic and predictive investments.
This will help address long-term resilience, especially for areas vulnerable to climate change.
The UN proposes “enabling elements” that could seek funding from both the public and private sectors, such as the establishment of funds and financing facilities, climate finance planning, climate budgets and adaptation investment plans.
But meeting climate goals is not an easy or willing commitment, even for host countries. An official from Azerbaijan, which is hosting COP29 next week, appeared to offer to facilitate agreements on fossil fuel use. Oil and gas account for nearly half of Azerbaijan’s economy and 90% of its exports.
Last year, leaked documents obtained by the Climate Reporting Center showed that the host of COP28, the United Arab Emirates (UAE), planned to discuss natural gas and other trade deals ahead of the UN climate talks. At the time, COP28 President Sultan Al Jaber, a senior representative of the UAE, denied the allegations.
Ngoc Anh (according to Reuters)
Source: https://www.congluan.vn/hoi-nghi-khi-hau-cop29-se-khai-mac-vao-ngay-mai-khi-nam-2024-sap-lap-ky-luc-ve-nang-nong-post320674.html
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