BAKU: COP29 climate summit host Azerbaijan urged participating countries to bridge their differences and come up with a finance deal on Friday, as negotiations at the two-week conference entered their final hours.
World governments represented at the meeting in the Caspian Sea city of Baku are tasked with agreeing a sweeping plan that would see rich nations pledge to hand over hundreds of billions of dollars to help poorer countries grapple with the worsening impacts of global warming.
Economists have said developing countries need at least $1 trillion annually by the end of the decade, but wealthy nations have so far been resisting. Negotiations have also been clouded by uncertainty over the role of the United States, the world’s top historic greenhouse gas emitter, ahead of climate skeptic President-elect Donald Trump’s return to the White House.
“We encourage parties to continue to collaborate within and across groups with the aim of proposing bridging proposals that will help us to finalize our work here in Baku,” the COP29 presidency said in a note to delegates on Friday morning.
It said a new draft deal would be released at midday in Baku, in the hopes of a deal by the end of the day.
Past COPs have traditionally run over time.
Division and discontent over the negotiations have already spilled into the open, after a fresh deal draft was released by the presidency on Thursday that offered two vastly different options that left no-one happy.
Although the 10-page document was slimmed to less than half the size of the previous versions issued at the summit, it avoided stating the total funds countries would aim to invest each year, leaving the space marked with an “X.”
It also reflected big divisions over issues such as whether funds should be offered as grants or loans, and the degree to which different types of non-public finance should count toward the final annual goal.
“I hope they find the sweet spot with this next iteration,” said Li Shuo, director of the China Climate Hub at the Asia Society, a veteran observer of COP summits. “Anything other than that may require rescheduling flights.”
UN Secretary-General Antonio Guterres returned to Baku from a G20 meeting in Brazil on Thursday, calling for a major push to get a deal and warning that “failure is not an option.”
COP29 host urges collaboration as deal negotiations enter final stage
https://arab.news/mjkz8
COP29 host urges collaboration as deal negotiations enter final stage
- Sweeping plan that would see rich nations pledge to hand over hundreds of billions of dollars to help poorer countries grapple with the worsening impacts of global warming
Bangladesh’s religio-political party open to unity govt
- Opinion polls suggest that Jamaat-e-Islami will finish a close second to the Bangladesh Nationalist Party in the first election it has contested in nearly 17 years
DHAKA: A once-banned Bangladeshi religio-political party, poised for its strongest electoral showing in February’s parliamentary vote, is open to joining a unity government and has held talks with several parties, its chief said.
Opinion polls suggest that Jamaat-e-Islami will finish a close second to the Bangladesh Nationalist Party in the first election it has contested in nearly 17 years as it marks a return to mainstream politics in the predominantly Muslim nation of 175 million.
Jamaat last held power between 2001 and 2006 as a junior coalition partner with the BNP and is open to working with it again.
“We want to see a stable nation for at least five years. If the parties come together, we’ll run the government together,” Jamaat chief Shafiqur Rahman said in an interview at his office in a residential area in Dhaka, days after the party created a buzz by securing a tie-up with a Gen-Z party.
Rahman said anti-corruption must be a shared agenda for any unity government.
The prime minister will come from the party winning the most seats in the Feb. 12 election, he added. If Jamaat wins the most seats, the party will decide whether he himself would be a candidate, Rahman said.
The party’s resurgence follows the ousting of long-time Prime Minister Sheikh Hasina in a youth-led uprising in August 2024.
Rahman said Hasina’s continued stay in India after fleeing Dhaka was a concern, as ties between the two countries have hit their lowest point in decades since her downfall.
Asked about Jamaat’s historical closeness to Pakistan, Rahman said: “We maintain relations in a balanced way with all.”
He said any government that includes Jamaat would “not feel comfortable” with President Mohammed Shahabuddin, who was elected unopposed with the Awami League’s backing in 2023.
