Global biodiversity summit is underway in Cali, Colombia, with Latin American governments finding common ground on key issues, as finance continues to fall short.
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Mark Joven, who steered negotiations for the Philippines to host the loss and damage fund board, speaks to Eco-Business about the nation’s role in helping to rachet up pledges for the climate-vulnerable, as COP29 nears.
As declining oil output increases reliance on on foreign supply, the region’s oil import bill could exceed US$200 billion by 2050, posing major economic and energy security risks without a faster renewables shift, says the global energy authority.
The term “common but differentiated responsibilities” will both underlie and haunt talks for climate financing for developing nations, and squabbles over who should do what to cut emissions faster. Misgivings have risen over past years.