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COP29 host Azerbaijan hits out at West in defence of oil and gas

United Nations SecretaryGeneral Antonio Guterres told world leaders at the COP29 summit on Tuesday to pay up to prevent climateled humanitarian catastrophes, and stated time was running out to limit a. harmful increase in worldwide temperature levels.

Nearly 200 countries have actually collected at the yearly U.N. environment. summit in Baku, focused this year on raising hundreds of. billions of dollars to money an international transition to cleaner. energy sources and limit the climate damage brought on by carbon. emissions.

However on the day of the summit created to unite. world leaders and produce political momentum for the marathon. negotiations, a lot of the leading players were not present to. hear Guterres' message. After success for Donald Trump, an environment change denier, in the. U.S. governmental election, President Joe Biden will not go to. Chinese President Xi Jinping has sent out a deputy and European. Commission President Ursula von der Leyen is not going to. since of political advancements in Brussels.

On environment finance, the world needs to pay up, or humankind will. pay the cost, Guterres stated in a speech. The sound you hear. is the ticking clock. We are in the last countdown to limit. worldwide temperature rise to 1.5 degrees Celsius and time is not. on our side.

This year is set to be the hottest on record. Scientists state evidence reveals international warming and its effects are. unfolding faster than anticipated and the world might already have. struck 1.5 degree Celsius (2.7 F) of warming above the average. pre-industrial temperature - an important limit beyond which. it is at danger of irreparable and extreme environment change. As COP29 started, unusual east coast U.S. wildfires that set off. air quality warnings for New York continued to grow. In Spain,. survivors are coming to terms with the worst floods in the. country's modern-day history and the Spanish government has. revealed billions of euros for restoration.

' ECONOMY KILLER'. The summit opened on Monday with a technical deal viewed as. important to releasing a U.N.-backed worldwide carbon market that. would fund billions of dollars of tasks that reduce. greenhouse gas emissions.

That success was spoiled by a row over the top priorities. - a procedural tug-of-war that pitched European and small island. countries against the Arab group of nations on how prominent the. future of fossil fuels ought to be on the agenda.

The opening procedures were postponed by a minimum of 5 hours,. ending in an eventual compromise hesitantly accepted by the EU. and other aligned nations.

At a press conference on Tuesday, COP29 officials sought to. refocus attention on the top's main goal - concurring a deal. for up to $1 trillion in yearly environment finance for establishing. nations.

Enabling every nation to take strong environment action is. 100% in all countries' interests, even the biggest and. wealthiest. Why? Since the climate crisis is fast becoming an. economy killer, stated Simon Stiell, head of the UNFCCC climate. body that facilitates the top.

Unless all countries can slash emissions deeply, every. nation and every family will be hammered even harder than. they presently are. We'll be residing in an irreversible inflationary. headache.

(source: Reuters)