Zürcher Nachrichten - Stark warning on emissions as leaders split on climate goals at COP29

EUR -
AED 3.834305
AFN 70.98687
ALL 97.554921
AMD 407.276164
ANG 1.881775
AOA 952.057564
ARS 1050.919957
AUD 1.616743
AWG 1.879062
AZN 1.774051
BAM 1.948628
BBD 2.108141
BDT 124.770808
BGN 1.954431
BHD 0.393522
BIF 3023.20119
BMD 1.043923
BND 1.407049
BOB 7.241626
BRL 6.05308
BSD 1.044157
BTN 88.028118
BWP 14.264051
BYN 3.416925
BYR 20460.892032
BZD 2.104694
CAD 1.475304
CDF 2996.059619
CHF 0.927849
CLF 0.036932
CLP 1019.08511
CNY 7.557742
CNH 7.587447
COP 4577.34165
CRC 532.141566
CUC 1.043923
CUP 27.663961
CVE 110.081958
CZK 25.302818
DJF 185.526257
DKK 7.459389
DOP 63.05541
DZD 139.534968
EGP 51.795229
ERN 15.658846
ETB 128.871943
FJD 2.383433
FKP 0.823986
GBP 0.833312
GEL 2.850171
GGP 0.823986
GHS 16.381352
GIP 0.823986
GMD 74.118765
GNF 9009.056258
GTQ 8.062328
GYD 218.454396
HKD 8.124775
HNL 26.332988
HRK 7.446574
HTG 137.045633
HUF 409.823057
IDR 16578.124592
ILS 3.803586
IMP 0.823986
INR 88.008299
IQD 1368.061174
IRR 43936.102444
ISK 145.073671
JEP 0.823986
JMD 165.710139
JOD 0.740559
JPY 161.116967
KES 135.188684
KGS 90.601454
KHR 4227.888832
KMF 489.547318
KPW 939.530361
KRW 1469.525299
KWD 0.321299
KYD 0.870131
KZT 521.371204
LAK 22929.769842
LBP 93483.310037
LKR 303.831812
LRD 187.723485
LSL 18.832063
LTL 3.082433
LVL 0.631459
LYD 5.110026
MAD 10.474199
MDL 19.087484
MGA 4884.515948
MKD 61.49218
MMK 3390.621387
MNT 3547.250512
MOP 8.367625
MRU 41.668174
MUR 48.771754
MVR 16.128446
MWK 1812.250306
MXN 21.567712
MYR 4.662682
MZN 66.703187
NAD 18.832419
NGN 1757.05801
NIO 38.374893
NOK 11.640541
NPR 140.845347
NZD 1.797933
OMR 0.401896
PAB 1.044177
PEN 3.964829
PGK 4.144439
PHP 61.595113
PKR 290.158659
PLN 4.309318
PYG 8135.060637
QAR 3.800511
RON 4.977005
RSD 116.964264
RUB 108.588838
RWF 1431.218519
SAR 3.920319
SBD 8.759131
SCR 14.201375
SDG 627.91969
SEK 11.562251
SGD 1.409792
SHP 0.823986
SLE 23.684764
SLL 21890.549611
SOS 596.60465
SRD 37.052985
STD 21607.099729
SVC 9.136376
SYP 2622.887865
SZL 18.832093
THB 36.264319
TJS 11.130563
TMT 3.66417
TND 3.310798
TOP 2.444973
TRY 36.131874
TTD 7.092035
TWD 33.783959
TZS 2766.396264
UAH 43.331029
UGX 3868.761844
USD 1.043923
UYU 44.506204
UZS 13393.532701
VES 48.623811
VND 26536.524258
VUV 123.936644
WST 2.914206
XAF 653.564217
XAG 0.034693
XAU 0.0004
XCD 2.821254
XDR 0.798661
XOF 655.068644
XPF 119.331742
YER 260.902418
ZAR 18.930709
ZMK 9396.565061
ZMW 28.79214
ZWL 336.1428
  • RBGPF

    0.8100

    61

    +1.33%

  • RYCEF

    -0.0300

    6.77

    -0.44%

  • SCS

    0.4500

    13.72

    +3.28%

  • NGG

    0.1500

    63.26

    +0.24%

  • GSK

    0.1900

    34.15

    +0.56%

  • RIO

    0.6300

    62.98

    +1%

  • BCC

    8.7200

    152.5

    +5.72%

  • BTI

    -0.0500

    37.33

    -0.13%

  • CMSC

    0.0578

    24.73

    +0.23%

  • CMSD

    0.1200

    24.58

    +0.49%

  • RELX

    -0.1800

    46.57

    -0.39%

  • BCE

    0.2500

    27.02

    +0.93%

  • JRI

    0.1600

    13.37

    +1.2%

  • BP

    -0.4000

    29.32

    -1.36%

  • AZN

    0.7700

    66.4

    +1.16%

  • VOD

    0.1800

    8.91

    +2.02%

Stark warning on emissions as leaders split on climate goals at COP29
Stark warning on emissions as leaders split on climate goals at COP29 / Photo: Alexander NEMENOV - AFP

Stark warning on emissions as leaders split on climate goals at COP29

Global leaders offered competing views on how to tackle climate change at UN-led talks Wednesday as a new report warned the world must reach carbon neutrality much sooner than planned.

Text size:

Planet-warming carbon dioxide emissions from oil, gas and coal rose to a new record high this year, according to preliminary research from an international network of scientists at the Global Carbon Project.

The report came as leaders gathered in Azerbaijan for COP29 climate talks aimed at reaching a deal on boosting funding to help poorer nations adapt to climate shocks and transition to cleaner energy.

The research found that to keep the Paris agreement's ambitious goal of limiting warming to 1.5 degrees Celsius in sight, the world would now need to reach net-zero CO2 emissions by the late 2030s -- instead of 2050.

The warning also follows concerns about the future of the fight against climate change following the election of Donald Trump.

Trump, who has vowed to again pull the United States out of the Paris agreement, named his head of the Environmental Protection Agency Tuesday with a mandate to slash pollution regulations.

Some leaders in Baku defended fossil fuels during two days of speeches while others from countries plagued by climate disasters warned that they were running out of time.

- 'Slower' path -

Italian Prime Minister Giorgia Meloni called for a "realistic global outlook" on Wednesday, saying that world population growth will boost energy consumption demand.

"It is equally a priority that decarbonisation takes into consideration our production and social system's sustainability," she said.

"We must protect nature, with man at its core. An approach that is too ideological and not pragmatic on this matter risks taking us off the road to success," the far-right leader said.

"Currently there is no single alternative to fossil fuel supply."

Greek Prime Minister Kyriakos Mitsotakis called for a "smart" Green Deal, the European Union's ambitious climate plan which aims to make the bloc carbon-neutral by 2050.

"We cannot drive ourselves into industrial oblivion," the conservative leader said.

"We need to ask hard questions about a path that goes very fast, at the expense of our competitiveness, and a path that goes somewhat slower, but allows our industry to adapt and to thrive," he said.

Their views contrasted with leaders from countries beset by climate catastrophes and rising sea levels.

"Tuvalu sincerely hopes that this COP's concluding decisions will deliver a clear signal that the world is promptly phasing out fossil fuel," said the Pacific island's Prime Minister Feleti Penitala Teo.

"For Tuvalu and similarly placed countries, there is simply no time to waste," he said.

- Money fight -

As leaders spoke, negotiators released a fresh draft of a deal with a raft of options to raise funding for poorer countries, while leaving unresolved sticking points that have long delayed an agreement.

Most developing countries favour an annual commitment from wealthy countries of at least $1.3 trillion, according to the latest draft of the long-sought climate finance pact.

This figure is more than 10 times the $100 billion annually that a small pool of developed countries -- among them the US, the EU and Japan -- currently pay.

Some donors are reluctant to promise large new amounts of public money from their budgets at a time when they face economic and political pressure at home.

The prime minister of the hurricane-vulnerable Bahamas, Philip Davis, said small island nations have spent 18 times more on debt repayment than they have received in climate finance.

"The world has found the ability to finance wars, the ability to mobilise against pandemics," Davis said.

"Yet when it comes to addressing the most profound crisis of our time, the very survival of nations, where is that same ability?"

A.Weber--NZN