UNFCCC Executive Secretary Simon Stiell speaks in the early hours at the conclusion of the UNFCCC COP29 Climate Conference on November 24, 2024 in Baku, Azerbaijan., what is supposed to be a critical year for funding mitigation efforts has instead turned out to be an especially frustrating one., with the goal of reaching a critical deal on climate finance. The conference was set to end Friday but negotiations over funding extended into the weekend.
"We can choose to be proactive about climate, and the time for being proactive is rapidly shrinking," said Ruth Townend, a senior research fellow at the London-based think tank Chatham House who attended the conference. "Or we can choose to be reactive, which is much more expensive, much harder and has a higher human cost."
Even companies that stand to benefit from Trump's pledge to loosen restrictions on oil and gas exploration have expressed concern. Darren Woods, chief executive of Exxon, said he hoped the Trump administration would take a "common sense approach" to reducing emissions and remain in the Paris Agreement.
"Who created this pollution that we have? It's 120 years of industrial revolution," Saudi Arabia's climate envoy, Adel Al-Jubeir, said.
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