(22 Nov 2024)
RESTRICTION SUMMARY:
++STARTS AND ENDS ON SOUNDBITE++
ASSOCIATED PRESS
Baku, Azerbaijan – 22 November 2024
1. SOUNDBITE (English) Yalchin Rafiyev, Lead Negotiator for COP29 Azerbaijan:
"Today, we have published a streamlined package of the draft decisions and that includes also a 250 billion dollar goal by the developed countries. We will continue to work with the parties to make the final adjustments to those issues that are still outstanding and we will try to make sure…we are committed to make sure COP has the most ambitious outcome by pushing all the parties to get there."
++ENDS ON SOUNDBITE++
STORYLINE:
A new draft of a deal on cash to curb and adapt to climate change released Friday afternoon at the United Nations climate summit pledged $250 billion by 2035 from wealthy countries to poorer ones. The amount pleases the countries who will be paying, but not those on the receiving end.
The amount is more than double the previous goal of $100 billion a year set 15 years ago, but it’s less than a quarter of the number requested by developing nations struck hardest by extreme weather. But rich nations say the number is about the limit of what they can do, say it’s realistic and a stretch for democracies back home to stomach.
It struck a sour note for developing countries, which see conferences like this one as their biggest hope to pressure rich nations because they can’t attend meetings of the world’s biggest economies.
The proposal came down from the top, the presidency of U.N. climate talks — called COP29 — in Baku, Azerbaijan.
Delegations from numerous countries, analysts and advocates were kept in the dark about the draft until it dropped more than a half a day later than promised, prompting grumblings about how this conference was being run.
COP29 lead negotiator Yalchin Rafiyev, Azerbaijan’s deputy foreign minister, said the presidency hopes to push countries to go higher than $250 billion,
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