Eco-Business reports on the world’s biggest climate conference where negotiators and leaders convene at a critical moment for global transformative action to tackle an existential crisis.
As COP29 president Mukhtar Babayev outlines climate plans for the upcoming negotiations during the Petersberg Climate Dialogue in Berlin, Azerbaijan president Ilham Aliyev said at the same event that it won’t stop investing in oil and gas.
The Dubai climate summit closed with a deal to transition away from fossil fuels for the first time, with world leaders applauding it as "historic". Many including small island states are still upset that the commitment stops short of a complete phase-out.
Countries in the region join larger negotiating blocs in global climate negotiations, but face unique challenges in shedding fossil fuels and facing climate risks.
Over the span of two weeks, a record-breaking number of participants gathered in Dubai for the annual UN climate change meeting. This year's talks were dominated by negotiations over the language on fossil fuels and mobilising finance for a loss and damage fund.