This Monday, November 11 starts the most important climate summit of the calendar, COP29. Bakucapital of Azerbaijanwelcomes this environmental event with important confirmed absences and the main objective of get the financing necessary to meet the Paris Agreements and limit global temperature below 1.5º C.
Despite the good words of numerous world leaders regarding the need to face climate challenges and consolidate work for the conservation of the planet, political interests, economical and financial The order of priorities has changed compared to previous years. In fact, many of them will delegate their responsibilities in second and even third parties.
There is, for example, the president of the USA: nor the protrusion, Joe Bidennor his successor chosen last week in the presidential elections, donald trumpwhose critical positions regarding environmental challenges are well known. Furthermore, after the withdrawal of John Kerry as leader of the American delegation in recent years, his place will now be taken by the main climate advisor in Washington, John Podesta.
The Russian president has not attended either. Vladimir Putinabsent from numerous international forums since the conflict between Russia and Ukraine since 2014 has intensified with the Russian invasion of Ukrainian territory in 2022. In his place, he has sent his prime minister, Mijail Mishustin. Other notable absences are those of the president of China, Xi Jinpingand of BrazilLuiz Inácio Lula da Silvaalthough both will be in the G20 summit in Rio de Janeiro which starts next week.
As far as the main European leaders are concerned, Ursula von der Leyenthe president of the European Commissionis not present at the summit in question. This is because she is busy with the configuration of her cabinet after renewing the position in the European elections last June.
The French president was also absent, Emmanuel Macronimmersed in a political and social crisis that is not fully clarified, and the German federal chancellor Olaf Scholzto which This same week his coalition government has exploded in his hands due to budgetary disagreements with his former Minister of Finance, Christian Lindner.
Those that are
The one who will travel to Baku will be UN Secretary Generalthe driving body of the Conference of the Parties as the supreme body of the United Nations Framework Convention on Climate Change. The Portuguese Antonio Guterres last Thursday launched a dramatic appeal in line with his latest messages on this topic by stating that “the climate catastrophe is hitting healthwidening inequalities, damaging sustainable development and shaking the foundations of peace.”
Among the hundred heads of State and Government who have also confirmed their presence is the President of the Government, Pedro Sanchezthat has advanced to this monday the meeting of the Council of Ministers to speak tomorrow, Tuesday the 12th, in the COP plenary session.
The complicated situation in Valencia as a consequence of the climate emergency has led Sánchez to cancel his presence at various international events, including the Ibero-American Summit in Ecuador on November 14 and 15. However, he has maintained the trip to Baku because it is the “main multilateral forum where decisions are made at a global level in the fight against climate change” that the head of the Spanish executive linked from the first moment with the DANA which has caused more than 200 deaths, an unknown number of missing people and very serious economic damage.
The British Labor Party has also attended Keir Starmerwho debuted as prime minister of United Kingdom after winning the elections at the beginning of July of this year, facing a complicated political, economic and social situation in his country.
The summit of finance
In any case, international analysts They don’t expect big advances in a “transitional” summit with a view to next year’s summit Brazil and which has already been nicknamed in various media as “the COP of finance“. The main objective will be to achieve consensus to achieve the New Quantified Collective Objective: that is, who, how much and how provides the financing necessary to pay for measures against climate change from 2025.
These funds come from the pockets of “rich” countries, considered “historical responsible“of environmental pollution at a global level, destined for the economies of the most vulnerable countries and the idea is to exceed in Baku the figure of 100 billion dollars annual set from the Paris Agreementalthough that amount has never been achieved until now.
Other concepts that we will have to be aware of are those related to the regulation of carbon markets to buy and sell CO2 emissions rightshe Loss and Damage Fund to support the countries most in need and concrete measures to progressively replace fossil fuels with renewable energies.
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