The World, desperately fighting Climate Change and global warming, held its 200-nation gathering in December 2023 in Dubai; and now COP29 has just concluded in Baku, Azerbaijan the oldest oil exploration town existing since 1840!
The President of Azerbaijan, Ilham Aliyev, opened COP29 on 11 November, embarrassingly referring to the country's oil wealth as "the gift of God" to his people. What could he say? Oil represents 90% of Azerbaijan's exports.
It was billed as a 'finance conference'. The focus of the summit this year was to get the developed world to agree to a new target of funding pegged at $1.3 trillion a year. It was to help the poorer nations to move away from fossil fuels and to repair the climate change havoc wrought on communities around the world.
There's been a history of skirmishing between the rich and poor nations on who will pay for the environmental damage. With much back-and-forth, a deal was finally reached in 2009 at the Climate Conference in Copenhagen when the rich nations agreed to raise $100 billion by 2020.
Expectedly, the developed world reneged from its commitments, and it was only in 2022 that the target was met when funding touched $106 billion. Much of this was disguised low-interest loans, something the poor nations had not bargained for.
Poor compromise
This story is from the December 01, 2024 edition of The Morning Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 01, 2024 edition of The Morning Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
MCD plans implementation of FASTag system at 11 parking sites
IN an effort to streamline parking operations in the city, the MCD is planning to implement the FASTag system at 11 parking points.
GROWING ROOTS OF AN URBAN HOME
Landscape architect Anita Tikoo's Delhi home, with its interwoven gardens spread across multiple levels, demonstrates the potential of small urban spaces to nurture a life connected to nature.
Improve colon health
A healthy colon ensures smooth digestion and overall well-being
Paatal Lok S2 trailer shows the cop goes to Nagaland
The trailer of Jaideep Ahlawat's crime-thriller show Paatal Lok Season 2 was unveiled by the makers on Monday.
Raising the bar pays off for hockey coach Sangwan
A SNUB can either break one down or spur the individual on to scale new heights. Unfortunately, a majority of people end up heartbroken. But a better future awaits those who manage to swallow the bitter pill. Haryana hockey coach Sandeep Sangwan falls under the second category.
Focus on TOPS list as new-look MOC set for 1st significant meet today
NEW Year, new dawn, so it seems for the sports ministry's Mission Olympic Cell that is expected to meet on Tuesday.
FINDING ROOTS OF ENIGMATIC CUMMINS
The Australian captain's on-field success and personality off of it are intertwined and it goes back to his upbringing
Maiden ODI call-up for Bist against Ireland
AFTER nine white ball fixtures in less than a month, three against Australia in the away series and six against West Indies at home, India's regular captain Harmanpreet Kaur and pacer Renuka Singh Thakur have been rested for the three ODIs against Ireland.
HIL: Soorma beat Delhi SG Pipers in penalty shootouts
SOORMA Hockey Club clinched a penalty shootout victory against the Delhi SG Pipers in the Hero Hockey India League 2024-25 at the Birsa Munda Hockey Stadium in Rourkela on Monday.
Saweety 'even more motivated' after Arjuna honour
AWAY from the spotlight, India boxer Saweety Boora, at a time when she was just 21, had gone on to capture a silver medal in her very first World Championships at Jeju City in 2014.
