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Cop29, Guterres: ‘Money for the climate is an investment’

At the UN summit in Baku, the Secretary General of the United Nations reminds us that “time is running out”. The president of Azerbaijan: “Gas and oil are a gift from God”. But Sanchez brings the drama of Valencia to the stage

A climate conference in one of the main oil and gas producing countries in the world. It happened last year in Dubai and the same situation is repeated now, at COP29 in Baku. The president of Azerbaijan takes the issue head-on and in his speech to the plenary assembly he speaks of gas and oil as “a gift from God”. He recalls how Europe asked for more gas after the Russian invasion of Ukraine and invites the United States to look in the mirror.

Spain and the United Kingdom for clean energy

On the same stage, however, the Spanish Prime Minister Sanchez brings the still open wounds of Valencia, that is, the consequences of the use of fossil fuels. Above all, remember how switching to clean energy does not mean returning to the stone age but, on the contrary, means progress and growth of the economy. UK Prime Minister Keir Starmer is also on the same line and, with the expected step backwards by the US, is running for a role of climate leadership.

Guterres: “Time is running out”

A role that passes through the ability to mobilize money for developing countries. The negotiations of this conference focus on this, as the UN secretary general reminds us: “Climate finance – explains Guterres – is not charity but an investment. Time is running out.”

World

The 29th United Nations climate conference has opened in Azerbaijan. The event is held in a context of important absences, such as those of Biden and Macron, and under the shadow of the uncertain future position of the United States on climate agreements

COP29 BAKU

  • The 29th United Nations climate conference opened in Baku, Azerbaijan. The main challenge is to find a compromise on the amounts of financial aid for the poorest countries vulnerable to climate change

THE SHADOW OF TRUMP’S RE-ELECTION

  • Climate talks opened under the long shadow cast by the re-election of Donald Trump, who has promised to backtrack on commitments to reduce US carbon emissions, the world’s leading power and second largest producer of greenhouse gases, which may soon abandon the 2015 Paris climate agreement

THE ABSENT/1

  • Many were absent, starting with US President Joe Biden and the President of the European Commission Ursula von der Leyen. As well as many leaders who traditionally showed up at the beginning of the COP talks to give weight to the work

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