BAKU: The UN’s climate chief called on leaders of the world’s biggest economies on Saturday to send a signal of support for global climate finance efforts when they meet in Rio de Janeiro next week. The plea, made in a letter to G20 leaders from UN Framework Convention on Climate Change Executive Secretary Simon Stiell, comes as negotiators at the COP29 conference in Baku struggle in their negotiations for a deal intended to scale up money to address the worsening impacts of global warming.
“Next week’s summit must send crystal clear global signals,” Stiell said in the letter.
He said the signal should support an increase in grants and loans, along with debt relief, so vulnerable countries “are not hamstrung by debt servicing costs that make bolder climate actions all but impossible.”
Business leaders echoed Stiell’s plea, saying they were concerned about the “lack of progress and focus in Baku.”
“We call on governments, led by the G20, to meet the moment and deliver the policies for an accelerated shift from fossil fuels to a clean energy future, to unlock the essential private sector investment needed,” said a coalition of business groups, including the We Mean Business Coalition, United Nations Global Compact and the Brazilian Council for Sustainable Development, in a separate letter.
Success at this year’s UN climate summit hinges on whether countries can agree on a new finance target for richer countries, development lenders and the private sector to deliver each year. Developing countries need at least $1 trillion annually by the end of the decade to cope with climate change, economists told the UN talks.
But negotiators have made slow progress midway through the two-week conference. A draft text of the deal, which earlier this week was 33-pages long and comprised of dozens of wide-ranging options, had been pared down to 25 pages as of Saturday.
Sweden’s climate envoy, Mattias Frumerie, said the finance negotiations had not yet cracked the toughest issues: how big the target should be, or which countries should pay.
“The divisions we saw coming into the meeting are still there, which leaves quite a lot of work for ministers next week,” he said.
European negotiators have said large oil-producing nations including Saudi Arabia are also blocking discussions on how to take forward last year’s COP28 summit deal to transition the world away from fossil fuels.
Saudi Arabia’s government did not immediately respond to a request for comment. Progress on this issue has been dire so far, one European negotiator said.
Uganda’s energy minister, Ruth Nankabirwa, said her country’s priority was to leave COP29 with a deal on affordable financing for clean energy projects.
“When you look around and you don’t have the money, then we keep wondering whether we will ever walk the journey of a real energy transition,” she said.
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UN climate chief asks G20 leaders for boost as finance talks lag
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UN climate chief asks G20 leaders for boost as finance talks lag
- Negotiators at the COP29 conference in Baku struggle in their negotiations for a deal intended to scale up money to address the worsening impacts of global warming
Philippine volcano eruption sends ash 2.5 kilometers into sky
- Kanlaon Volcano, one of 24 active volcanoes in the archipelago nation, has had several major eruptions in the past century
- A 1996 blast killed three hikers who were near the summit at the time
MANILA: A volcano erupted in the central Philippines on Thursday evening, sending a billowing plume of ash about 2,500 meters (1.5 miles) into the nighttime sky.
The two-minute eruption began at 7:04 p.m. (1104 GMT), state volcanology agency director Teresito Bacolcol said, saying “there might be a bigger explosive eruption in the next few days.”
Kanlaon Volcano, one of 24 active volcanoes in the archipelago nation, has had several major eruptions in the past century — including a 1996 blast that killed three hikers who were near the summit at the time.
“This is the second moderate eruption in a week,” Bacolcol said in a phone interview, adding his agency would monitor the volcano for 24 hours before deciding if it should raise the alert level from two to three on its five-point scale.
“This event generated a plume that rose 2,500 meters above the crater before drifting southwest. Incandescent ballistics were observed to have rained around the crater,” the volcanology center said in a statement released minutes later.
John De Asis, a rescuer in the nearby town of La Castellana, said that ash had begun to descend on local neighborhoods.
“Tonight, we heard a sudden, loud boom, then after a few minutes, people started reporting that there was ashfall in their areas,” he said, noting that rescue personnel were handing out facemasks.
Bacolcol said it was possible that “gas pressure had built up at the vent” of the volcano. He said recent low sulfur dioxide emissions suggested a potential blockage that would have caused pressure to build.
The volcano, which straddles Negros Oriental and Occidental provinces, currently has a four-kilometer exclusion zone in place.
The Philippines is on the seismically active region of the Pacific known as the “Ring of Fire,” where more than half the world’s volcanoes are located.
The most powerful volcanic explosion in the Philippines in recent years was the 1991 eruption of Pinatubo, about 100 kilometers (62 miles) from Manila, which killed more than 800 people.
The two-minute eruption began at 7:04 p.m. (1104 GMT), state volcanology agency director Teresito Bacolcol said, saying “there might be a bigger explosive eruption in the next few days.”
Kanlaon Volcano, one of 24 active volcanoes in the archipelago nation, has had several major eruptions in the past century — including a 1996 blast that killed three hikers who were near the summit at the time.
“This is the second moderate eruption in a week,” Bacolcol said in a phone interview, adding his agency would monitor the volcano for 24 hours before deciding if it should raise the alert level from two to three on its five-point scale.
“This event generated a plume that rose 2,500 meters above the crater before drifting southwest. Incandescent ballistics were observed to have rained around the crater,” the volcanology center said in a statement released minutes later.
John De Asis, a rescuer in the nearby town of La Castellana, said that ash had begun to descend on local neighborhoods.
“Tonight, we heard a sudden, loud boom, then after a few minutes, people started reporting that there was ashfall in their areas,” he said, noting that rescue personnel were handing out facemasks.
Bacolcol said it was possible that “gas pressure had built up at the vent” of the volcano. He said recent low sulfur dioxide emissions suggested a potential blockage that would have caused pressure to build.
The volcano, which straddles Negros Oriental and Occidental provinces, currently has a four-kilometer exclusion zone in place.
The Philippines is on the seismically active region of the Pacific known as the “Ring of Fire,” where more than half the world’s volcanoes are located.
The most powerful volcanic explosion in the Philippines in recent years was the 1991 eruption of Pinatubo, about 100 kilometers (62 miles) from Manila, which killed more than 800 people.
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