Nations at UN climate talks agree on $300 billion a year for poor countries in a compromise deal

COP29 President Mukhtar Babayev speaks during a closing plenary meeting at the COP29 United Nations Climate Change Conference in Baku, Azerbaijan, on Nov. 24, 2024. (REUTERS)
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Updated 24 November 2024
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Nations at UN climate talks agree on $300 billion a year for poor countries in a compromise deal

  • EU, US, others raised their offer after earlier draft rejected
  • Climate talks run into overtime. Talks reach deal on carbon credits

BAKU, Azerbaijan: United Nations climate talks adopted a deal to inject at least $300 billion annually in humanity’s fight against climate change, aimed at helping poor nations cope with the ravages of global warming in tense negotiations in the city where industry first tapped oil.
The $300 billion will go to developing countries who need the cash to wean themselves off the coal, oil and gas that causes the globe to overheat, adapt to future warming and pay for the damage caused by climate change’s extreme weather. It’s not near the full amount of $1.3 trillion that developing countries were asking for, but it’s three times a deal of $100 billion a year from 2009 that is expiring. Some delegations said this deal is headed in the right direction, with hopes that more money flows in the future.
It was not quite the agreement by consensus that these meetings usually operate with and developing nations were livid about being ignored.
COP29 President Mukhtar Babayev gaveled the deal into acceptance before any nation had a chance to speak. When they did they blasted him for being unfair to them, the deal for not being enough and the world’s rich nations for being too stingy.
“It’s a paltry sum,” India negotiator Chandni Raina said, repeatedly saying how India objected to rousing cheers. “I’m sorry to say we cannot accept it.”
She told The Associated Press that she has lost faith in the United Nations system.

After a deal, nations express their discontent
A long line of nations agreed with India and piled on, with Nigeria’s Nkiruka Maduekwe, CEO of the National Council on Climate Change, calling the deal an insult and a joke.
“I think we should rethink this. ... We have a right as countries to choose if we are to take this or not. And I am saying we do not accept this,” she said. “This is 3 a.m. and say ‘this is what we’re going to do,’ I don’t think so.”
The final package pushed through “does not speak or reflect or inspire confidence and trust that we will come out of this grave problem of climate change,” India’s Raina said. “The goal (of getting up to $300 billion by 2035) is too little, too distant. At 2035, it’s too far gone.”
“We absolutely object to the unfair means followed for adoption,” Raina said. “We are extremely hurt by this action by the president and the secretariat.”
Speaking for nearly 50 of the poorest nations of the world, Evans Davie Njewa of Malawi was more mild, expressing what he called reservations with the deal.
And UN Secretary-General Antonio Guterres said in a post on X that he hoped for a “more ambitious outcome.” But he said the agreement “provides a base on which to build.”
Some see deal as relief following tough talks
There were somewhat satisfied parties, with European Union’s Wopke Hoekstra calling it a new era of climate funding, working hard to help the most vulnerable.
But activists in the plenary hall could be heard coughing over Hoekstra’s speech in an attempt to disrupt it.
Eamon Ryan, Ireland’s environment minister, called the agreement “a huge relief.”
“It was not certain. This was tough,” he said. “Because it’s a time of division, of war, of (a) multilateral system having real difficulties, the fact that we could get it through in these difficult circumstances is really important.”
UN Climate Change’s Executive Secretary Simon Stiell called the deal an “insurance policy for humanity,” adding that like insurance, “it only works – if the premiums are paid in full, and on time.”
The deal is seen as a step toward helping countries on the receiving end create more ambitious targets to limit or cut emissions of heat-trapping gases that are due early next year. It’s part of the plan to keep cutting pollution with new targets every five years, which the world agreed to at the UN talks in Paris in 2015.
The Paris agreement set the system of regular ratcheting up climate fighting ambition as away to keep warming under 1.5 degrees Celsius (2.7 degrees Fahrenheit) above pre-industrial levels. The world is already at 1.3 degrees Celsius (2.3 degrees Fahrenheit) and carbon emissions keep rising.
Hopes that more climate cash will follow
Countries also anticipate that this deal will send signals that help drive funding from other sources, like multilateral development banks and private sources. That was always part of the discussion at these talks — rich countries didn’t think it was realistic to only rely on public funding sources — but poor countries worried that if the money came in loans instead of grants, it would send them sliding further backward into debt that they already struggle with.
“The $300 billion goal is not enough, but is an important down payment toward a safer, more equitable future,” said World Resources Institute President Ani Dasgupta. “This deal gets us off the starting block. Now the race is on to raise much more climate finance from a range of public and private sources, putting the whole financial system to work behind developing countries’ transitions.”
And even though it’s far from the needed $1.3 trillion, it’s more than the $250 billion that was on the table in an earlier draft of the text, which outraged many countries and led to a period of frustration and stalling over the final hours of the summit.
Other deals agreed at COP29
The several different texts adopted early Sunday morning included a vague but not specific reference to last year’s Global Stocktake approved in Dubai. Last year there was a battle about first-of-its-kind language on getting rid of the oil, coal and natural gas, but instead it called for a transition away from fossil fuels. The latest talks only referred to the Dubai deal, but did not explicitly repeat the call for a transition away from fossil fuels.
Countries also agreed on the adoption of Article 6, creating markets to trade carbon pollution rights, an idea that was set up as part of the 2015 Paris Agreement to help nations work together to reduce climate-causing pollution. Part of that was a system of carbon credits, allowing nations to put planet-warming gasses in the air if they offset emissions elsewhere. Backers said a UN-backed market could generate up to an additional $250 billion a year in climate financial aid.
Despite its approval, carbon markets remain a contentious plan because many experts say the new rules adopted don’t prevent misuse, don’t work and give big polluters an excuse to continue spewing emissions.
“What they’ve done essentially is undermine the mandate to try to reach 1.5,” said Tamara Gilbertson, climate justice program coordinator with the Indigenous Environmental Network. Greenpeace’s An Lambrechts, called it a “climate scam” with many loopholes.
With this deal wrapped up as crews dismantle the temporary venue, many have eyes on next year’s climate talks in Belem, Brazil.


Iran’s Paris-based opposition head says time for Khamenei to go, after US hits nuclear sites

Updated 22 June 2025
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Iran’s Paris-based opposition head says time for Khamenei to go, after US hits nuclear sites

PARIS: Maryam Rajavi, head of the Paris-based opposition National Council of Resistance of Iran said on Sunday that Iran’s Supreme Leader Ali Khamenei was responsible for the nuclear program that had now “gone up in smoke” and needed to go.
“Now Khamenei must go. The Iranian people welcome the end of the war and seek peace and freedom,” she said in a statement, following unprecedented US strikes that President Donald Trump said had “obliterated” its key nuclear facilities.
“Khamenei is responsible for an unpatriotic project that, in addition to costing countless lives, has cost the Iranian people at least $2 trillion— and now, it has all gone up in smoke.”


Japan spots Chinese ships near disputed isles for record 216 straight days

Updated 22 June 2025
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Japan spots Chinese ships near disputed isles for record 216 straight days

  • The Tokyo-administered islands, known as the Diaoyu in China and Senkaku in Japan, have long been a sore point between the neighbors

TOKYO: Japan spotted Chinese vessels sailing near disputed islets in the East China Sea for a record 216 consecutive days, Tokyo’s coast guard said Sunday.
The Tokyo-administered islands, known as the Diaoyu in China and Senkaku in Japan, have long been a sore point between the neighbors.
On Sunday, Japan said it observed four Chinese coast guard vessels sailing in the “contiguous” zone, referring to a 12-nautical-mile band that extends beyond Japan’s territorial waters.
Last year, Chinese vessels sailed near the Tokyo-administered island chain a record 355 times, including for a period of 215 consecutive days, a Japanese coast guard spokesman told AFP.
Japanese officials regularly protest the presence of the Chinese coast guard and other vessels in the waters surrounding the remote, disputed islands.
Relations between Japan and China were strained by Tokyo’s decision to “nationalize” some of the islands in 2012.
On Friday, Japan’s coast guard and its US and Filipino counterparts staged joint training drills off Japan’s southwest shore — the second time the countries’ coast guards have held training drills together, and the first in Japan.
Territorial disputes with China have pushed Japan to forge deeper ties with the Philippines and the United States.
Earlier this month, Tokyo and Beijing traded barbs over close encounters between their military planes over the Pacific high seas.


UN watchdog says no increase in radiation off sites that the US hit

Updated 22 June 2025
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UN watchdog says no increase in radiation off sites that the US hit

  • The UN nuclear watchdog says there's 'no increase in off-site radiation levels' after US strikes on Iran nuclear sites.

TEL AVIV: The International Atomic Energy Agency said Sunday that there has been “no increase in off-site radiation levels” after US airstrikes on Iranian nuclear sites.
The UN nuclear watchdog sent the message via the social platform X on Sunday.
“The IAEA can confirm that no increase in off-site radiation levels has been reported as of this time,” it said. The “IAEA will provide further assessments on situation in Iran as more information becomes available.”


Surging travel in Europe spikes concerns over tourism’s drawbacks

Updated 22 June 2025
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Surging travel in Europe spikes concerns over tourism’s drawbacks

  • Despite popular backlash against the crowds, some tourism officials believe they can be managed with the right infrastructure in place

MADRID: Suitcases rattle against cobblestones. Selfie-snappers jostle for the same shot. Ice cream shops are everywhere. Europe has been called the world’s museum, but its record numbers of visitors have also made it ground zero for concerns about overtourism.
Last year, 747 million international travelers visited the continent, far outnumbering any other region in the world, according to the UN’s World Tourism Barometer. Southern and Western Europe welcomed more than 70 percent of them.
As the growing tide of travelers strains housing, water and the most Instagrammable hotspots in the region, protests and measures to lessen the effects of overtourism have proliferated.
Here’s a look at the issue in some of Europe’s most visited destinations.
What’s causing overtourism
Among factors driving the record numbers are cheap flights, social media, the ease of travel planning using artificial intelligence and what UN tourism officials call a strong economic outlook for many rich countries that send tourists despite some geopolitical and economic tensions.
Citizens of countries like the US, Japan, China and the UK generate the most international trips, especially to popular destinations, such as Barcelona in Spain and Venice in Italy. They swarm these places seasonally, creating uneven demand for housing and resources such as water.
Despite popular backlash against the crowds, some tourism officials believe they can be managed with the right infrastructure in place.
Italy’s Tourism Minister Daniela Santanchè said she thinks tourism flows at crowded sites such Florence’s Uffizi Galleries that house some of the world’s most famous artworks could be better managed with AI, with tourists able to buy their tickets when they book their travel, even months in advance, to prevent surges.
She pushed back against the idea that Italy — which like all of its Southern European neighbors, welcomed more international visitors in 2024 than its entire population — has a problem with too many tourists, adding that most visits are within just 4 percent of the country’s territory.
“It’s a phenomenon that can absolutely be managed,” Santanchè told The Associated Press in an interview in her office on Friday. “Tourism must be an opportunity, not a threat — even for local communities. That’s why we are focusing on organizing flows.”
Where overtourism is most intense

Countries on the Mediterranean are at the forefront. Olympics-host France, the biggest international destination, last year received 100 million international visitors, while second-place Spain received almost 94 million — nearly double its own population.
Protests have erupted across Spain over the past two years. In Barcelona, the water gun has become a symbol of the city’s anti-tourism movement after marching protests have spritzed unsuspecting tourists while carrying signs saying: “One more tourist, one less resident!”
The pressure on infrastructure has been particularly acute on Spain’s Canary and Balearic Islands, which have a combined population of less than 5 million people. Each archipelago saw upwards of 15 million visitors last year.
Elsewhere in Europe, tourism overcrowding has vexed Italy’s most popular sites including Venice, Rome, Capri and Verona, where Shakespeare’s “Romeo and Juliet” was set. On the popular Amalfi Coast, ride-hailing app Uber offers private helicopter and boat rides in the summer to beat the crowds.
Greece, which saw nearly four times as many tourists as its own population last year, has struggled with the strain on water, housing and energy in the summer months, especially on popular islands such as Santorini, Mykonos and others.
The impact of overtourism
In Spain, anti-tourism activists, academics, and the government say that overtourism is driving up housing costs in city centers and other popular locations due to the proliferation of short-term rentals that cater to visitors.
Others bemoan changes to the very character of city neighborhoods that drew tourists in the first place.
In Barcelona and elsewhere, activists and academics have said that neighborhoods popular with tourists have seen local shops replaced with souvenir vendors, international chains and trendy eateries.
On some of Greece’s most-visited islands, tourism has overlapped with water scarcity as drought grips the Mediterranean country of 10.4 million.
In France, the Louvre, the world’s most-visited museum, shut down this week when its staff went on strike warning that the facility was crumbling beneath the weight of overtourism, stranding thousands of ticketed visitors lined up under the baking sun.
Angelos Varvarousis, a Barcelona- and Athens-based academic and urban planner who studies the industry, said overtourism risks imposing a “monoculture” on many of Europe’s hotspots.
“It is combined with the gradual loss and displacement of other social and economic activities,” Varvarousis said.
What authorities are doing to cope
Spain’s government wants to tackle what officials call the country’s biggest governance challenge: its housing crunch.
Last month, Spain’s government ordered Airbnb to take down almost 66,000 properties it said had violated local rules — while Barcelona announced a plan last year to phase out all of the 10,000 apartments licensed in the city as short-term rentals by 2028. Officials said the measure was to safeguard the housing supply for full-time residents.
Elsewhere, authorities have tried to regulate tourist flows by cracking down on overnight stays or imposing fees for those visiting via cruises.
In Greece, starting July 1, a cruise tax will be levied on island visitors at 20 euros ($23) for popular destinations like Mykonos and 5 euros ($5.70) for less-visited islands like Samos.
The government has also encouraged visitors to seek quieter locations.
To alleviate water problems, water tankers from mainland Greece have helped parched islands, and the islands have also used desalination technology, which separates salts from ocean water to make it drinkable, to boost their drinking water.
Other measures have included staggered visiting hours at the Acropolis.
Meanwhile, Venice brought back an entry fee this year that was piloted last year on day-trippers who will have to pay between 5 and 10 euros (roughly $6 to $12) to enter the city during the peak season.


Transcript of Trump’s speech on US attack on Iranian nuclear sites

Updated 22 June 2025
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Transcript of Trump’s speech on US attack on Iranian nuclear sites

  • ‘There will be either peace, or there will be tragedy for Iran, far greater than we have witnessed over the last eight days’

WASHINGTON: A transcript of President Donald Trump’s speech on US airstrikes on Iran on Saturday as transcribed by The Associated Press:

Thank you very much.

A short time ago, the US military carried out massive, precision strikes on the three key nuclear facilities in the Iranian regime. Fordow, Natanz and Esfahan. Everybody heard those names for years as they built this horribly destructive enterprise.

Our objective was the destruction of Iran’s nuclear enrichment capacity and a stop to the nuclear threat posed by the world’s number one state sponsor of terror.

Tonight, I can report to the world that the strikes were a spectacular military success. Iran’s key nuclear enrichment facilities have been completely and totally obliterated. Iran, the bully of the Middle East, must now make peace. If they do not. Future attacks would be far greater and a lot easier.

For 40 years, Iran has been saying. Death to America, death to Israel. They have been killing our people, blowing off their arms, blowing off their legs, with roadside bombs. That was their specialty. We lost over 1,000 people and hundreds of thousands throughout the Middle East, and around the world have died as a direct result of their hate in particular. So many were killed by their general, Qassim Soleimani. I decided a long time ago that I would not let this happen. It will not continue.

I want to thank and congratulate Prime Minister Bibi Netanyahu. We worked as a team like perhaps no team has ever worked before, and we’ve gone a long way to erasing this horrible threat to Israel. I want to thank the Israeli military for the wonderful job they’ve done. And most importantly, I want to congratulate the great American patriots who flew those magnificent machines tonight, and all of the United States military on an operation the likes of which the world has not seen in many, many decades.

Hopefully, we will no longer need their services in this capacity. I hope that’s so. I also want to congratulate the chairman of the Joint Chiefs of Staff, General Dan ‘Razin’ Caine, spectacular general, and all of the brilliant military minds involved in this attack.

With all of that being said, this cannot continue. There will be either peace, or there will be tragedy for Iran, far greater than we have witnessed over the last eight days. Remember, there are many targets left. Tonight’s was the most difficult of them all, by far, and perhaps the most lethal. But if peace does not come quickly, we will go after those other targets with precision, speed and skill. Most of them can be taken out in a matter of minutes. There’s no military in the world that could have done what we did tonight. Not even close. There has never been a military that could do what took place just a little while ago.

Tomorrow, General Caine, Secretary of Defense Pete Hegseth will have a press conference at 8 a.m. at the Pentagon. And I want to just thank everybody. And, in particular, God. I want to just say, we love you, God, and we love our great military. Protect them. God bless the Middle East. God bless Israel and God bless America. Thank you very much. Thank you.