What's happened
The COP29 climate summit in Baku, Azerbaijan, runs from November 11-22, 2024, focusing on financial commitments to combat climate change. Notably absent are leaders from major economies, raising concerns about the summit's effectiveness. The backdrop includes the recent election of Donald Trump, a climate skeptic, and ongoing global crises.
Why it matters
What the papers say
According to BBC News, COP29 is crucial for securing financial commitments to combat climate change, but the absence of leaders from major economies could undermine its significance. The New York Times highlights the backdrop of extreme weather and the recent election of Donald Trump, emphasizing the urgency of the summit. All Africa notes that COP29 is termed the 'finance COP' due to its focus on scaling up climate finance, which is essential for developing countries. Bloomberg stresses the need for countries to present updated climate action plans, indicating that progress on existing commitments will be a key topic of discussion.
How we got here
COP29 is the 29th annual meeting of the UNFCCC, where nearly 200 countries convene to address climate change. This year's summit is particularly significant due to the urgent need for financial commitments to support developing nations in their climate efforts.
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