Hello from Baku. Officially, this is the last day of COP29. Realistically, it’s almost certainly not. COPs have been getting progressively longer; the excellent team at Carbon Brief extrapolated the trend line, which suggests COP29 will end in the small hours of Sunday morning. Even that may be optimistic. Chinese negotiators have scheduled their flights home for Tuesday, our colleague Attracta Mooney is reliably informed.
3tn by 2035. There’s huge disagreement, too, over the structure of the goal. Developed countries are pushing for the text to emphasise the importance of mobilising finance from a wide range of sources, including private-sector capital. Developing nations want to ensure that there’s a heavy focus on the provision of public funds by rich-world governments.
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Source: FT - 🏆 113. / 51 Read more »