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    Indonesian diocese leads farmers in boosting progress, environment

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    Finding true peace amid conflicts in religious life

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    Vietnam’s Catholics lead grassroots battle against plastic pollution

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    Catholics build ‘faith bridges’ across generations in Seoul

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    Pope: Proclamation of Christ is mission of every Christian

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    Human Fraternity Fellowship continues legacy of Pope Francis in new generations

    Toririmo manahak sokodung sambayang kumaa do Paado

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    Religion emerges as stronger marker of identity for Singaporeans – IPS study

    Thailand’s bishops launch synodality implementation phase through 2028

    Thailand’s bishops launch synodality implementation phase through 2028

    Pope to Augustinians: “Peace begins with what we say and do”

    Pope to Augustinians: “Peace begins with what we say and do”

    Pope to Christian politicians: ‘Values’ without Christ cannot change the world

    Pope to Christian politicians: ‘Values’ without Christ cannot change the world

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    Pastor: A central but relational ministry

    Lector: A vital but denied ministry

    Lector: A vital but denied ministry

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    Indonesian diocese leads farmers in boosting progress, environment

    Indonesian diocese leads farmers in boosting progress, environment

    Finding true peace amid conflicts in religious life

    Finding true peace amid conflicts in religious life

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    Vietnam’s Catholics lead grassroots battle against plastic pollution

    Catholics build ‘faith bridges’ across generations in Seoul

    Catholics build ‘faith bridges’ across generations in Seoul

    From Rules to Relationship My Theology of the Body Journey

    From Rules to Relationship My Theology of the Body Journey

    What I learnt from hugs and high-fives

    What I learnt from hugs and high-fives

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    Memories linger 80 years after Japan chopped prisoners as logs

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    Women religious in Haiti alleviating the suffering of their people

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    Violence and Bullying Have No Place in Malaysia CFM Demands Swift Action

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    World Day of Social Communications 2025 message by Pope Francis

    World Day of Social Communications 2025 message by Pope Francis

    Banns of Sacerdotal Ordination

    Banns of Sacerdotal Ordination

    Perutusan daripada Presiden Persidangan Uskup-Uskup Katolik Malaysia sempena Hari Malaysia

    Pastoral Letter on Earthquake in Myanmar and Regional Solidarity Appeal

    Chancery Notice

    Chancery Notice

    FABC Pastoral Letter to the local churches in Asia

    FABC Pastoral Letter to the local churches in Asia

    Commotion in Church: Press statement from Archbishop Simon Poh

    Commotion in Church: Press statement from Archbishop Simon Poh

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Climate conference agrees on $1 trillion deal after tensions

Delegates of developed and developing countries concluded a trillion-dollar deal on the climate crisis. The breakthrough came after marathon talks at a climate gathering in Baku, Azerbaijan, overshadowed by mounting tensions with those opposing the agreement.

November 25, 2024
in News, World
COP29 climate summit in Baku

By Stefan J. Bos 

After 11 long days of often tense negotiations, the 29th United Nations Climate Change Conference, known as COP29, concluded with a deal that campaigners said was a “betrayal” of the developing world.

Under the deal, the developing world should receive at least $1.3 trillion a year in funds to help it shift to a low-carbon economy. The money will also help it set up infrastructure to cope with the impacts of extreme weather by 2035.

COP 29 President Mukhtar Babayev seemed pleased with the outcome. “When the world came to Baku, people doubted Azerbaijan could deliver. They doubted that everyone could agree. They were wrong on both counts,” he said.

“With this breakthrough, the Baku Finance Goal will turn billions into trillions over the next decade. We have secured a trebling of the core climate finance target for developing countries each year,” Babayev added.

However, not everyone shares his enthusiasm.

Critics noted that only $300 billion of the promised 1.3 billion dollars will come primarily from grants and low-interest loans from the developed world.

The rest must come from private investors and a range of potential new sources of money, such as possible taxes on fossil fuels and frequent flyers, which have yet to be agreed upon.

That angered India, explained the Indian delegation representative Chandni Raina. “We are disappointed in the outcome, which clearly brings out the unwillingness of the developed country parties to fulfill their responsibilities,” she said.

“I regret to say that this document is nothing more than an optical illusion. This, in our opinion, will not address the enormity of the challenge we all face. Therefore, we oppose the adoption of this document,” Raina stressed.

Some of the world’s poorest and most vulnerable countries fought hard during nearly two weeks of tense negotiations at the COP29 UN summit in Azerbaijan’s capital, Baku, for a bigger share of the money to come directly from developed countries.

They also wanted more available finance to go to the most needy countries instead of being shared with more significant emerging economies.

Questions remain over the deal’s practicalities. During last year’s COP28 summit in Dubai, the United Arab Emirates, there was a call to “transition away” from coal, oil, and gas.

That was seen as groundbreaking because, for the first time, 200 countries, including top oil and gas producers like Saudi Arabia and the United States, seemed to agree to phase down fossil fuels.

However, the latest talks only mentioned the Dubai deal without explicitly repeating the call for a transition away from fossil fuels. – Vatican News

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