As COP29 reaches its peak, negotiators are working day and night to find concrete solutions to crucial climate challenges. The summit, marked by lively discussions, is taking place in a climate of frustration and impatience. Among the main concerns are the transition from fossil fuels to sustainable energy forms, increased participation from major countries, and the inevitable need for substantial funding to combat climate change. This crucial moment represents a strategic opportunity to fulfill long-term commitments to the planet.
As the COP29 in Baku approaches its conclusion, tension is palpable among negotiators working tirelessly to avoid failure. The summit is marked by frustrations due to the lack of concrete progress, particularly on crucial financial discussions. Some countries, such as the United Kingdom, New Zealand, and Colombia, have joined a coalition aimed at eliminating fossil fuel subsidies, adding a note of hope.
Argentina, after a phase of withdrawal, has decided to remain in the Paris Agreement, thus dispelling concerns following the election of climate skeptic Javier Milei. Debates continue, motivated by analyses highlighting the real consequences of a growing climate crisis. The G20, while reaffirming the transition from fossil fuels, remains below the expectations of some.
Key Issues of COP29
In Baku, the COP29 has gathered thousands of delegates from around the world, among which are many lobbyists from industrial agriculture. Their presence raises questions about the influence they might exert on the discussions. Moreover, as temperatures rise and extreme precipitation events multiply, the real consequences of the climate crisis become increasingly evident, necessitating swift action to reduce greenhouse gas emissions.
A Difficult Consensus to Achieve
It is problematic to reach an agreement on financing efforts to combat climate change. Although economists believe that it is possible to raise adequate funds, the ongoing negotiations about financing demonstrate how complex it remains to establish such a consensus. At this summit, the United Kingdom, New Zealand, and Colombia have taken the initiative to join a coalition seeking to phasing out fossil fuel subsidies, highlighting the need for a decisive shift towards cleaner and more sustainable renewable energies.
The Position of Argentina and International Implications
During the COP29, Argentina temporarily withdrew its representatives, casting doubt on its commitment to the Paris Agreement. However, the Foreign Minister assured that the country would not leave this crucial treaty. Nonetheless, this action deprived some civil society members of their accreditation, illustrating the importance of global cooperation and the complexity of international political dynamics.
