Baku: As pressure builds on G20 leaders to achieve a breakthrough, the UN climate chief urged nations at the stalled COP29 summit to “cut the theatrics” on Monday. The world is no closer to a financing agreement for developing nations that will decide whether COP29 is successful or not as the UN climate negotiations plod into their second week in Azerbaijan. “Bluffing, brinkmanship, and premeditated playbooks burn up precious time and run down the goodwill needed,” according to Simon Stiell, the UN climate chief.
He addressed delegates gathered in a large football stadium in Baku, the capital of Azerbaijan, saying, “Let’s cut the theatrics and get down to business.” Mukhtar Babayev, the president of COP29 and a former oil executive who is now the minister of ecology, called on nations to “refocus and pick up the pace.”
The stalemate on how to raise $1 trillion annually to help developing nations deal with global warming must be resolved by Friday, when government ministers are at the bargaining table.
As time runs out, G20 leaders are under increasing pressure to support the stalled process in Baku during their annual summit in Brazil on Monday and Tuesday.
In Rio de Janeiro, where he is attending the G20 meeting of the world’s largest economies, UN Secretary-General Antonio Guterres declared on Sunday that a successful resolution at COP29 is still possible but will take leadership and compromise, specifically from the G20 countries.
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