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.


Spain cancels contract for missiles built by Israeli subsidiary

Updated 5 sec ago
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Spain cancels contract for missiles built by Israeli subsidiary

MADRID: Spain has canceled a deal for anti-tank missile systems that were to be manufactured in Madrid by a subsidiary of an Israeli company, in a bid to move away from Israeli military technology, the Defense Ministry said on Tuesday.

The decision will affect the license for 168 SPIKE LR2 anti-tank missile systems with an estimated value of 285 million euros ($325 million). The systems would have been developed in Spain by Pap Tecnos, a Madrid-based subsidiary of Israel’s Rafael Advanced Defense Systems, according to local press.

“The goal is clear ... a total disconnection from Israeli technology,” government spokesperson Pilar Alegria said, adding the government is studying “the effects of the cancelation.”

Israel’s Defense Ministry referred questions on the decision to Rafael, which said it wasn’t aware of the cancelation. Pap Tecnos, located on the outskirts of Madrid, did not comment.

Spain approved the deal on Oct. 3, 2023, four days before an insurgent assault led by Hamas on southern Israel that sparked a devastating war in Gaza. 

Authorities argued at the time that the systems used by the Spanish forces were obsolete and should be replaced with up-to-date versions like those used by allied armies.

Spain’s leftist government says it stopped exporting arms to Israel as of Oct. 2, 2023, but there were reports that some shipments slipped through.

The US late last year opened an investigation into whether NATO ally Spain denied port entry to at least three cargo vessels reportedly transporting US weapons to Israel.

Spain formally recognized a Palestinian state in May 2024 in a coordinated effort with Norway and Ireland. 

A month later, Spain became the first European country to ask the top UN court, the International Court of Justice, permission to join a case mounted by South Africa that accuses Israel of genocide in Gaza. 


Macron to visit Meloni after rivalry creates tension on Ukraine, trade

Updated 03 June 2025
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Macron to visit Meloni after rivalry creates tension on Ukraine, trade

  • Macron is a fervent pro-European who has had a long rapport with Donald Trump
  • Meloni is a nationalist with a strong transatlantic tilt who seems more ideologically aligned with the US president

PARIS/ROME: French President Emmanuel Macron will visit Italian Prime Minister Giorgia Meloni on Tuesday, seeking to improve relations amid tensions between the two European leaders over Ukraine, trade and relations with the United States.

Macron is a fervent pro-European who has had a long rapport with Donald Trump, while Meloni is a nationalist with a strong transatlantic tilt who seems more ideologically aligned with the US president. They have advocated different — even competing — approaches to the new Trump era.

Meloni, whose country has a large trade surplus with the US, has sought to keep Europe aligned with the US, using the slogan “Make the West great again” in a meeting with Trump in Washington in April. Macron has pushed for the EU to take a more independent approach.

On the Russian war in Ukraine, Meloni has been skeptical about Macron’s “coalition of the willing” and a Franco-British plan put forward earlier this year to send peacekeeping troops to Ukraine in the event of a peace agreement. Sending troops would be deeply unpopular in Italy.

Hostility flared publicly in recent weeks, with officials close to Macron and Meloni privately or openly criticizing their respective initiatives over Ukraine or trade.

Meloni was criticized in Italy for not traveling to Kyiv with Macron and the German, British and Polish leaders on May 10 and then for missing a call with Trump and Ukrainian President Volodymyr Zelensky at a summit in Albania a few days later.

After Meloni explained her absence by saying the meetings were about sending troops to Ukraine, her government was furious that Macron said publicly that the meetings were about a ceasefire and seemed to equate her justification with “Russian disinformation.”

French and Italian officials said Macron had taken the initiative to hold Tuesday’s meeting and sought to play down talk of a rift, saying the meeting and a working dinner would be an opportunity for Macron to show “respect” and “friendship.”

“The president is available to all of our European partners, whatever the political persuasion may be,” an Elysee official told reporters.

The Elysee said the two would discuss security guarantees for Ukraine, the Mercosur trade deal and US tariffs, as well as industrial cooperation between the two countries, including Franco-Italian carmaker Stellantis, which appointed a new Italian chief executive last month.

Italian officials said the meeting was meant to “lay the foundations for a further strengthening of relations” and added that talks would also address the situation in the Middle East and Libya.

Both Italy and France are worried Russia might boost its presence in eastern Libya, to keep a foothold in the Mediterranean after Moscow’s ally President Bashar Assad was ousted in Syria in December.

“This Macron-Meloni meeting isn’t about rekindling Franco-Italian friendship. It’s about necessity, not nostalgia,” said Francesco Galietti of Rome-based consultancy Policy Sonar, saying the two capitals should find common ground on Libya “fast.”


French prosecutors treating Tunisian’s murder as suspected terrorism

Updated 03 June 2025
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French prosecutors treating Tunisian’s murder as suspected terrorism

  • Hichem Miraoui was shot 5 times by his white neighbor last week, in what police believe was a racist killing
  • It follows mounting concerns over hate crimes against Muslims in the country

LONDON: Prosecutors in France investigating the murder of a Tunisian man are treating the case as a suspected racist attack, The Times reported on Tuesday.

Hichem Miraoui, a 46-year-old hairdresser who had lived in France for 14 years, was shot five times on Saturday by his white neighbor, a 53-year-old named as Christophe B.

The involvement of counterterrorism prosecutors instead of criminal prosecutors in the alleged far-right killing is a first in France.

It follows mounting concerns over hate crimes against Muslims in the country after Malian man Aboubakar Cisse, 22, was stabbed to death outside a mosque in April.

In last week’s killing in the southern town of Puget-sur-Argens, a 25-year-old Turkish man was also shot but survived. The killer fled the scene by car but his partner alerted police, who arrested him.

Christophe B, a sports shooting enthusiast who carried gun permits, had earlier posted videos on social media declaring that he planned to kill foreigners.

He urged his compatriots to do the same, and in one video praised the late founder of France’s National Front, Jean-Marie Le Pen.

Interior Minister Bruno Retailleau described the killing of Miraoui as a “racist act.” However, the minister was previously criticized for what anti-racism groups described as an inadequate response to Cisse’s murder.

Counterterrorism authorities were also questioned for failing to treat the Malian national’s killing as terrorism, with the investigation into the case being carried out by criminal prosecutors.

Retailleau on Tuesday visited the Tunisian Embassy in Paris to express solidarity with the community.

The Tunisian diaspora in France numbers more than 1 million people. More than 6 million Muslims reside in the country, about 10 percent of the population.

“Racism in France and elsewhere is a poison, and we see clearly that it is a poison which kills. Every racist act is an anti-French act,” Retailleau said.

Official government data shows that racist, xenophobic and anti-religious crimes rose by 11 percent in the country last year.

However, such crimes in France are also “vastly underreported” because “victims often don’t trust the police or the authorities,” said Jean-Marie Burguburu, chairman of the National Consultative Human Rights Commission.


Police probe missing Briton case in Malaysia

Updated 03 June 2025
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Police probe missing Briton case in Malaysia

  • Johnson-Doyle was last seen on May 27 in the bustling Bangsar district
  • Police have asked for the public “not to speculate” about Johnson-Doyle’s disappearance

KUALA LUMPUR: The disappearance of a British man last week in Malaysia’s capital is being investigated from “all angles,” police said Tuesday.

A missing person’s report was filed, identifying the man as 25-year-old Jordan Johnson-Doyle, Kuala Lumpur police said.

Johnson-Doyle was last seen on May 27 in the bustling Bangsar district, known for its nightlife, trendy bars and cafes, according to local media reports.

“A detailed investigation, from all angles, is underway,” Brickfields district police chief Ku Mashariman Ku Mahmood told AFP.

“Those with any information are urged to contact their nearest police station,” Ku Mashariman added in a statement.

Johnson-Doyle’s mother Leanne Burnett, 44, told the Free Malaysia Today news website that her husband had traveled to Kuala Lumpur, adding “we are distraught and pray that he’s well somewhere.”

She said his family was “seeking the help of anyone who saw him at his last-known location to come forward and inform the police.”

Burnett said she was traveling to Malaysia with another son to help with the search.

Police have asked for the public “not to speculate” about Johnson-Doyle’s disappearance.

The British High Commission in Kuala Lumpur confirmed Tuesday that it would assist Johnson-Doyle’s family without naming them.

“We are supporting the family of a British man reported missing in Malaysia,” it said in a statement.

Local reports said Johnson-Doyle, a software engineer, was on a solo backpacking tour around Southeast Asia when he disappeared.


Modi’s soaring Indian aviation ambitions face many headwinds

Updated 03 June 2025
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Modi’s soaring Indian aviation ambitions face many headwinds

  • India’s rapid pace of aviation growth risks losing steam if plane shortages, infrastructure challenges and taxation issues are not addressed
  • Hostilities with neighbor Pakistan also causing Indian airlines to take large, expensive detours around Pakistani airspace, requiring more fuel

NEW DELHI: Prime Minister Narendra Modi’s high-profile attendance at a global airlines conference this week underscores how much India is banking on a boom in aviation to support wider development goals, but headwinds to its ambitions are gathering force.

Undeterred by the uncertainty gripping the aviation sector globally due to trade tensions and shaky consumer confidence, India’s biggest airlines are plowing ahead with orders for new planes, following record deals two years ago.

However, the rapid pace of growth risks losing steam if plane shortages, infrastructure challenges and taxation issues are not addressed, industry officials warned at the International Air Transport Association’s annual meeting.

Hostilities with neighbor Pakistan are also causing Indian airlines to take large, expensive detours around Pakistani airspace, requiring more fuel and passenger care.

Carriers have asked the Indian government to waive some fees and provide tax exemptions, people familiar with the matter have told Reuters, but it is not clear if it will provide any help, despite its high-flying rhetoric.

New Delhi says it wants India to be a job-creating global aviation hub along the lines of Dubai, which currently handles much of India’s international traffic.

“In the coming years, the aviation sector is expected to be at the center of massive transformation and innovation, and India is ready to embrace these possibilities,” Modi told global aviation leaders on Monday.

But the transformation will require billions of dollars of investment in airports and industry supply chains, and a revamp of regulations, industry officials said.

The numbers look promising.

IATA forecasts passenger traffic in India will triple over the next 20 years and the country has set a target of increasing the number of airports to as many as 400 by 2047, up from 157 in 2024.

“We are fast emerging as a strategic connector country ... India is a natural connector of the skies and aviation as well,” India’s Civil Aviation minister Ram Mohan Naidu told global airline CEOs in New Delhi.

Already the world’s third-largest aviation market by seats after the US and China, there is significant potential for India to grow.

The world’s most populous nation, India accounts for around 17.8 percent of people but only 4.2 percent of global air passengers, according to IATA.

A record 174 million Indian domestic and international passengers flew in 2024, compared to 730 million in China, IATA data shows.

“The outlook is potentially a very positive one for both the Indian economy and air transport industry. However, such outcomes are not guaranteed,” IATA said in a report on the Indian market.

Industry executives and analysts said more work lies ahead in scaling aviation-related infrastructure, updating rules, lowering taxes and making life easier for airlines.

“Even the regulators will agree that they need to update their regulation, because there is a reason why India is not punching above its weight. In fact, it is punching very much below its weight,” Association of Asia Pacific Airlines Director General Subhas Menon said.

Dubai-based Emirates, for example, says capacity restrictions on foreign airlines need to be relaxed for the industry to reach its full growth potential.

“For every seat we offer, particularly in the peaks, we’ve got three to 10 people trying to get it,” Emirates President Tim Clark told reporters.

Among other problems, India lacks enough domestic maintenance, repair and overhaul facilities to care for its fleet, making it overly dependent on foreign shops at a time of stiff competition for repair slots, particularly for engines.

Global airlines have aircraft sitting on the ground because there aren’t enough facilities available for servicing them, IATA Director General Willie Walsh said.

“I think airframe maintenance is a huge opportunity for India because you require labor and you require skills. And that’s something that I know India is investing in,” Walsh said, in response to a Reuters question at a press conference.

Airline growth globally is being tempered by extended delays to deliveries of new, more fuel-efficient planes due to supply chain issues.

India’s largest airline IndiGo has been leasing aircraft to allow it to expand internationally while it waits for new planes. This week it partnered with Air France-KLM , Virgin Atlantic and Delta to extend the reach of IndiGo tickets using those airlines’ networks.