presidency to produce a deal ebbed on Thursday morning, as the draft texts were criticised as inadequate and providing no “landing ground” for a compromise.Oscar Soria, a director at the Common Initiative thinktank, said: “The negotiating placeholder ‘X’ for climate finance is a testament of the ineptitude from rich nations and emerging economies that are failing to find a workable solution for everyone.
Ministers and high-ranking officials have embarked on intense shuttle diplomacy as the two weeks of fraught talks enter their final days. Thesummit is scheduled to end on Friday night, but on Thursday morning the various positions of developed and developing countries looked as far apart as ever., published shortly after 7am local time, covered all the main aspects of a possible deal at Cop29.
But instead of clear numbers, the new collective quantified goal text contained two options that were described by insiders as “extreme positions” with little compromise.and the two blocs through which it acts at Cops – the Arab Group and the Like-Minded Developing Countries – are trying to wreck prospects of a deal.
In the “mitigation” text, the “transition away from fossil fuels” is absent. This is unacceptable to many developed and developing countries, which want to build on the hard-won progress made last year rather than have it reversed.Questions are being asked inside the negotiating halls over whether Azerbaijan is exerting enough control over the negotiations, or leaning too far towards the countries that do not want a robust deal.