- Germany battles to secure stricken 'Russian shadow fleet' oil tanker
- Malala Yousafzai 'overwhelmed and happy' to be back in Pakistan
- 'Education apartheid': schooling in crisis in Pakistan
- Smart glasses enter new era with sleeker designs, lower prices
- Supreme Court looks poised to uphold TikTok ban
- 2024 hottest recorded year, crossed global warming limit
- Germany reports foot-and-mouth disease in water buffalo
- US hikes reward for Maduro arrest after 'illegitimate' swearing-in
- Robots set to move beyond factory as AI advances
- Pro-Russian disinformation makes its Bluesky debut
- UK gas reserves 'concerningly low', warns biggest supplier
- 2024 warmest year on record for mainland US: agency
- Meta policy reversal puts question mark on future of fact-checking
- Meta policy reversal puts question mark on furure of fact-checking
- Strong US jobs report sends stocks sliding, dollar rising
- US hiring beats expectations in December to cap solid year
- UK gas reserves 'concerningly low': Biggest supplier
- Global stocks mostly fall before US jobs data
- Ubisoft: the 'Assassin's Creed' maker targeted by suitors
- Stock markets drift lower as US jobs data looms
- Pakistan flight departs for Paris after EU ban lifted
- Nobel laureate Malala Yousafzai to visit native Pakistan for girls' summit
- AI comes down from the cloud as chips get smarter
- Tajikistan bets on giant dam to solve electricity crisis
- Uruguay bucks 2024 global warming trend
- Last 2 years crossed 1.5C global warming limit: EU monitor
- Japan 'poop master' gives back to nature
- US Supreme Court to hear TikTok ban case
- US Fed's December rate cut should be its last for now: official
- Paris Hilton among celebrities to lose homes in LA fires
- Airbus boosts plane deliveries in 2024
- Ubisoft reviews restructuring options, postpones new Assassin's Creed
- Lamborghini sets new sales record amidst hybrid push
- Lebanon army chief Aoun becomes president after two-year vacancy
- US emissions stagnated in 2024, challenging climate goals: study
- Lebanon army chief short of required majority in first round of president vote
- Global stock markets mixed tracking US rates outlook
- Lebanon meets to finally elect president after two-year vacancy
- Celebrities flee Los Angeles fires, lose houses as Hollywood events scrapped
- Japan startup hopeful ahead of second moon launch
- Ukraine allies to hold last defence meet before Trump takes office
- Myanmar military adopts anti-junta fighters' drone tactics
- CES tech looks to help world's aging population
- Rubber tappers forge sustainable future in Amazon
- US astronauts upbeat seven months into eight-day mission
- Extreme weather, suburban sprawl fuel LA's wildfires
- Political chess or true beliefs? Zuckerberg's surprise Trump pivot
- US Fed officials concerned over 'stalled' disinflation, tariffs: minutes
- Celebrities flee Los Angeles fires as Hollywood events scrapped
- Several US Fed officials concerned over 'stalled' disinflation: minutes
NGG | -3.3% | 56.13 | $ | |
BTI | -2.34% | 35.9 | $ | |
BP | 0.54% | 31.29 | $ | |
CMSC | -0.79% | 22.92 | $ | |
GSK | -1.99% | 33.09 | $ | |
CMSD | -0.65% | 23.25 | $ | |
RIO | 0.36% | 58.84 | $ | |
RBGPF | 100% | 60.49 | $ | |
BCC | -1.31% | 115.88 | $ | |
RYCEF | -0.42% | 7.07 | $ | |
BCE | -2.92% | 22.96 | $ | |
JRI | -1.16% | 12.08 | $ | |
VOD | -1.99% | 8.05 | $ | |
RELX | -0.86% | 46.37 | $ | |
SCS | -3.01% | 10.97 | $ | |
AZN | 0.64% | 67.01 | $ |
Leaders urge climate action -- and defend fossil fuels -- at COP29
Leaders of nations beset by climate disasters appealed Tuesday at the COP29 summit for greater urgency in fighting global warming, while others defended fossil fuels and their right to exploit them.
More than 75 leaders are expected to speak over two days in Baku, but the heads of many top polluting nations are giving the crunch UN climate talks in the Azerbaijan capital a miss.
The conference comes at the end of what scientists say is almost certainly the hottest year on record, with warming driven mainly by burning coal, oil and gas.
In his opening address as host, Azerbaijani President Ilham Aliyev said his country and other oil and gas producers were not to blame.
"Quote me that I said that this is a gift of God, and I want to repeat it today," Aliyev told delegates in a stadium near the Caspian Sea.
"Oil, gas, wind, sun, gold, silver, copper, all... are natural resources and countries should not be blamed for having them and should not be blamed for bringing these resources to the market, because the market needs them."
Hungarian Prime Minister Viktor Orban also defended fossil fuels and said industry should not suffer in the fight against climate change.
"We must continue advancing the green transition while also maintaining our use of natural gas, oil and nuclear energy," he said.
Alex Rafalowicz from the Fossil Fuel Non-Proliferation Treaty Initiative said countries were not at fault for having natural resources "but they are responsible for the threat they pose to humanity by extracting them from the ground".
- 'Hurtling towards catastrophe' -
Few leaders from G20 nations -- which account for nearly 80 percent of global emissions -- are expected in Baku with US President Joe Biden, China's Xi Jinping and Indian premier Narendra Modi among those absent.
But UK Prime Minister Keir Starmer, one of the higher profile leaders attending, vowed Britain would aim to cut its emissions 81 percent from 1990 levels by 2035.
The updated climate goals are intended to show British "leadership on the climate challenge," he said.
The impact of Donald Trump's election victory was still being digested in Baku, where Washington's delegation sought to reassure that US efforts on global warming would not end.
UN climate chief Simon Stiell sought to reassure the talks that recent "political events" would not derail global climate diplomacy.
"Our process is strong. It's robust, and it will endure."
The meeting's top priority is landing a hard-fought deal to boost funding for climate action in developing countries.
These nations -- from low-lying islands to fractured states at war -- are least responsible for climate change but most at risk from rising seas, calamitous disasters and economic shocks.
"The reality is that these extreme weather events that the world is facing daily suggests that humanity, and the planet, are hurtling towards catastrophe," said Mia Mottley, prime minister of Barbados.
Some are pushing for the existing pledge of $100 billion a year to be raised tenfold at COP29 to cover the future cost of shifting to clean energy and adapting to climate shocks.
Nations have haggled over this for years, with disagreements over how much should be paid, and who should pay it.
Adonia Ayebare, the Ugandan chair of a bloc that groups over 100 mostly developing countries and China, said they had already rejected a draft deal on the table at Baku.
- Appeal for help -
Developing countries warn that without adequate finance, they will struggle to offer ambitious updates to their climate goals, which countries are required to submit by early next year.
Leaders from climate-vulnerable countries including the Maldives warned: "We need the finance COP to deliver."
"We see funds flowing freely to wage war, but scrutinised when it's for climate adaptation," said Mohamed Muizzu, president of the archipelago.
Mottley said hundreds of billions of dollars could be raised for climate action by taxing fossil fuel extraction, aviation and shipping.
"We need to consider levies," she said.
UN Secretary General Antonio Guterres on Tuesday said developing nations "must not leave Baku empty-handed".
"A deal is a must," he said.
P.Kolisnyk--CPN