Berliner Boersenzeitung - Climate talks host urges rich nations to break stalemate

This November's COP29 summit in gas-rich Azerbaijan is meant to produce a global agreement on how much rich nations should pay developing countries for climate assistance, but talks have stalled.

While poorer nations are the least responsible for carbon emissions, they suffer the most from a warming planet.

Developing countries need massive investments in energy systems to cut their own carbon footprints and money to strengthen defences against the effects of global warming.

But a diplomatic meeting in Bonn last month ended in stalemate. Countries were unable to advance on an issue that has eroded trust at climate talks for years.

In a letter to the roughly 200 nations that have signed up to UN climate accords, COP29 president Mukhtar Babayev lamented the absence of "necessary progress".

Time was running out, he warned.

"We clearly need a rapid increase in the pace of our work," wrote Babayev, a government minister and former executive at Azerbaijan's national oil company.

"Time lost is lives, livelihoods and the planet lost," he added.

"We call on all parties to increase the pace of their work and move on from their early negotiating positions."

- 'Supercharge' efforts -

Babayev's appeal comes in the hottest year on record and as extreme heatwaves, floods and wildfires batter communities around the globe.

UN climate chief Simon Stiell, whose own homeland of Grenada was devastated by hurricane Beryl earlier this month, urged countries to put the fight against global warming back on the political agenda.

"Rather than just counting the costs of climate carnage, all governments must supercharge efforts to prevent them," said Stiell.

He was speaking during a visit to the island of Carriacou, where his grandmother's house was among many destroyed.

"Standing here, it's impossible not to recognise the vital importance of delivering climate finance," he added.

Wealthy nations have been under pressure to commit to new financing targets that go well beyond the $100 billion a year they promised in 2009.

Developing nations excluding China will need about $2.4 trillion a year in climate investment by 2030, according to an expert assessment commissioned by the UN.

That is nearly 25 times more than the present levels.

But nations are nowhere near agreeing on a dollar aid figure, with talks bogged down over who should pay, what form the money should take, and who should receive it.

- Informal talks -

Under a 1992 climate accord, only a small handful of the wealthiest industrialised nations at the time were obligated to pay climate finance.

Some want the pool of contributors widened, most notably to include China, which is today vastly wealthier than 30 years ago, and the largest emitter of greenhouse gases.

But this has been a non-starter for developing nations, who have accused wealthy countries of trying to shirk their responsibility.

To break the ice, Azerbaijan will host the negotiating teams for an informal two-day retreat starting July 26.

They have named two experienced diplomats -- Dan Jorgensen of Denmark and Yasmine Fouad of Egypt -- to help the parties make headway.

Babayev said the impasse would "not be solved by negotiators alone", calling for political leadership on the sidelines to help move discussions toward consensus.

(A.Lehmann--BBZ)