COP29: Turning Words into Action in Climate Fight

The annual U.N. climate summit, COP29, began with discussions on finance and trade amidst an urgent call for action on climate-related issues. Leaders emphasized the need for commitment to the Paris Agreement, highlighting the importance of global cooperation and establishing an ambitious climate finance goal.

The United Nations climate summit, COP29, convened on Monday with a focus on finance and trade discussions spurred by recent climate catastrophes. Developing nations, emboldened by these events, are pressing for increased climate funding.

COP29 President Mukhtar Babayev stated the urgency, warning that climate change effects are already prevalent. He called on delegates to demonstrate leadership, reiterating that COP29 is a crucial moment to reinvigorate the Paris Agreement's commitments.

UNFCCC Climate Chief Simon Stiell urged nations to set a new global climate finance goal, arguing it's in self-interest for all countries, rich and poor. He emphasized reforming the global financial system to create fiscal flexibility necessary for climate action.

(With inputs from agencies.)