As talks in Baku cross the halfway point, nations are no closer to a goal on cash for climate action

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BAKU, Azerbaijan—Distractions were bigger than deals in the first week of United Nations climate talks, leaving a lot to be done, especially on the main issue of money.

It’s the nature of how negotiations are designed, experts said.“COP works on brinkmanship,” said Avinash Persaud, a special climate adviser at the Inter-American Development Bank.“COP works on the fear of us not reaching agreement in the end, which makes the process appear chaotic from the outside.

In week one, not a lot of progress was made on the issue of how much money rich countries should pay to developed ones move away from dirty fuels, cope with rising seas and temperatures and pay for damage already caused by climate-driven extreme weather.

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Author / Journalist: Seth Borenstein & Sibi Arasu / The Associated Press

Category: BusinessStartups

Markets: PhilippinesArgentinaArmeniaAzerbaijanBrazilCanadaFranceSamoa

Topics: Need That’s President Week Talks United World Baku Nations Climate Countries

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-17 @ 11:11:47 (14 hours ago)

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Language: English

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