UN secretary general says more work needed on COP29 finance deal

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United Nations Secretary-General Antonio Guterres speaks at a press conference during the COP29 UN climate change conference in Baku, Azerbaijan, on November 21, 2024. (REUTERS)
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COP29 President Mukhtar Babayev speaks during a closing plenary meeting at the COP29 United Nations Climate Change Conference in Baku, Azerbaijan, on Nov. 24, 2024. (REUTERS)
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Updated 24 November 2024
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UN secretary general says more work needed on COP29 finance deal

  • Final deal commits developed nations to pay at least $300 billion a year by 2035 to help developed countries green their economies and prepare for worse disasters
  • Climate chief Simon Stiell says it was “no time for victory laps”

UNITED NATIONS/BAKU, Azerbaijan: UN Secretary-General Antonio Guterres expressed concern that the climate finance deal agreed early Sunday in Azerbaijan did not go far enough, as he urged nations to view it as a “foundation” on which to build.
“I had hoped for a more ambitious outcome — on both finance and mitigation — to meet the great challenge we face,” Guterres said in a statement, adding that he is appealing “to governments to see this agreement as a foundation — and build on it.”
After two exhaustive weeks of negotiations, the final deal commits developed nations to pay at least $300 billion a year by 2035 to help developed countries green their economies and prepare for worse disasters.
That is up from $100 billion now provided by wealthy countries under a commitment set to expire — and from the $250 billion proposed in an earlier draft Friday.
The deal “must be honored in full and on time,” Guterres said.
“Commitments must quickly become cash. All countries must come together to ensure the top-end of this new goal is met.”
He called on countries to deliver new economy-wide climate action plans “well ahead of COP30 — as promised.”
“The end of the fossil fuel age is an economic inevitability. New national plans must accelerate the shift, and help to ensure it comes with justice,” he said, closing with a message to activists pushing for more to “keep it up.”
“The United Nations is with you. Our fight continues. And we will never give up,” Guterres said.

‘No time for victory laps’

UN climate chief Simon Stiell on Sunday said it was “no time for victory laps” after nations at COP29 in Azerbaijan agreed a bitterly negotiated finance deal.

“No country got everything they wanted, and we leave Baku with a mountain of work still to do. So this is no time for victory laps,” Stiell said in a statement.


China congratulates Tanzania for ‘successful conduct’ of elections

Police in action during last year’s protests in Dar es Salaam. (Reuters)
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China congratulates Tanzania for ‘successful conduct’ of elections

  • “China reiterated its full confidence in Tanzania’s leadership and institutions to manage internal affairs independently,” they added

DAR ES SALAM: China’s top diplomat has warned against foreign interference in Tanzania as he ended a visit where he avoided any mention of the political violence that has soured the East African country’s relations with the West.

Wang Yi is the first foreign minister to pay an official visit to Tanzania since the bloody crackdown on election protesters late last year.

The Tanzanian opposition says at least 2,000 people were killed by security forces following the Oct. 29 legislative and presidential elections which international observers deemed fraudulent.

China, which has invested heavily in Tanzania in recent years, did not comment on the crackdown that sparked a wave of global criticism.

In a statement shared after the visit, Tanzanian authorities said Wang had congratulated the country for the “successful conduct” of the elections.

“China reiterated its full confidence in Tanzania’s leadership and institutions to manage internal affairs independently,” they added.

Meanwhile, a Chinese Foreign Ministry statement said Beijing “opposes any external force interfering in Tanzania’s internal affairs” and stressed its support for the country’s “national sovereignty and security.”

Wang also met Tanzanian leader Samia Suluhu Hassan, who retained the presidency last year with 98 percent of the vote.

He “reaffirmed China’s firm support for Tanzania” during the meeting, a Tanzanian presidency statement said.

The statement pledged to strengthen cooperation and noted a rise in trade between the two countries over the last five years, “thanks to China’s policy of opening its markets to Africa.”

China has beefed up its investments in the country’s low-tax special economic zones, where 343 Chinese-funded projects worth $3.1 billion were registered in 2025 alone, according to the Tanzanian Foreign Ministry. After Tanzania, Wang is expected to continue his African tour in Lesotho.