Three days in COP29 summit, countries still waiting for 'workable' climate finance draft
The Hindu
UN climate talks in Baku struggle with a lengthy draft on climate finance goals, facing challenges in condensing and aligning viewpoints.
An overly lengthy 34-page draft on a new climate finance goal emerged on the third day of the UN climate talks in Azerbaijan's Baku on Wednesday (November 13, 2024), but the text is filled with repetitions and duplications, making it difficult to work with.
It took countries months to condense a 34-page text from Bonn into a 9-page draft by October. Now it’s back to 34 pages, which is a bit frustrating for everyone.
Also read:Developed nations need to triple their contribution to make climate finance credible: Avinash Persaud
While the text includes all the elements everyone wanted, there is growing concern as three days have already passed with little progress.
All negotiating groups have now asked the co-facilitators to condense the document to make it more manageable.
The G77 and China group requested the co-chairs to organise the draft text by themes and not add new ideas to it.
There were three options for structuring the climate finance goal in the draft framework prepared in October by the co-chairs of the Ad Hoc Work Programme on the New Collective Quantified Goal (NCQG).
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