{"id":4652,"date":"2024-12-16T15:03:24","date_gmt":"2024-12-16T15:03:24","guid":{"rendered":"https:\/\/thewitnessexet.wpengine.com\/?p=4652"},"modified":"2025-01-18T14:24:22","modified_gmt":"2025-01-18T14:24:22","slug":"implications-of-cop29-who-should-pay","status":"publish","type":"post","link":"https:\/\/thewitnessexeter.co.uk\/?p=4652","title":{"rendered":"Implications of COP29, who should pay?"},"content":{"rendered":"<div class='booster-block booster-read-block'>\n                <div class=\"twp-read-time\">\n                \t<i class=\"booster-icon twp-clock\"><\/i> <span>Read Time:<\/span>2 Minute, 51 Second                <\/div>\n\n            <\/div>\n<p>The\u00a0COP29\u00a0conference held in\u00a0Azerbaijan\u00a0proved divisive,\u00a0and\u00a0highlighted the unwillingness of developed countries to commit to helping\u00a0poor nations mitigate the effects of climate change.\u00a0There was a walkout of envoys from the most\u00a0vulnerable\u00a0nations,\u00a0and\u00a0wealthy nations repeatedly refused to commit to\u00a0figures\u00a0leading\u00a0the conference close to failure.\u00a0\u00a0<\/p>\n\n\n\n<p>Endangered countries felt they were being systematically ignored by\u00a0rich\u00a0countries who owed their wealth to fossil fuel\u00a0consumption,\u00a0and\u00a0were provided with\u00a0a\u00a0deal pledging a fraction of the money they needed.\u00a0The deal, which promised\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/features\/2024-11-24\/cop29-deal-inside-the-frantic-maneuvers-that-saved-climate-talks-at-a-cost\" target=\"_blank\" rel=\"noreferrer noopener\">$300 billion<\/a>\u00a0in yearly support,\u00a0was described an \u201c<a href=\"https:\/\/www.bbc.co.uk\/news\/articles\/cp35rrvv2dpo\" target=\"_blank\" rel=\"noreferrer noopener\">optical illusion\u201d<\/a>\u00a0by\u00a0India\u2019s representative\u00a0Chandni Raina, a view echoed by many at the conference.\u00a0While\u00a0this\u00a0was three times more than the\u00a0previous\u00a0annual pledge, it is only a small\u00a0portion\u00a0of the\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/features\/2024-11-24\/cop29-deal-inside-the-frantic-maneuvers-that-saved-climate-talks-at-a-cost\" target=\"_blank\" rel=\"noreferrer noopener\">$1 trillion<\/a>\u00a0that\u00a0developing countries were asking for\u00a0initially\u00a0and\u00a0it\u00a0won\u2019t\u00a0be adjusted for inflation.\u00a0\u00a0\u00a0<\/p>\n\n\n\n<p>Vulnerable countries&nbsp;wanted the money to support a move to clean energy&nbsp;and to build up resilience to the impacts of global warming.&nbsp;Developing countries&nbsp;are disproportionately affected by global warming,&nbsp;<a href=\"https:\/\/interactive.carbonbrief.org\/q-a-should-developed-nations-pay-for-loss-and-damage-from-climate-change\/index.html\" target=\"_blank\" rel=\"noreferrer noopener\">with people in low income countries with low carbon emissions&nbsp;being&nbsp;more exposed to climate emergencies<\/a>.&nbsp;The severe impacts&nbsp;of such emergencies,&nbsp;often combined with&nbsp;<a href=\"https:\/\/interactive.carbonbrief.org\/q-a-should-developed-nations-pay-for-loss-and-damage-from-climate-change\/index.html\" target=\"_blank\" rel=\"noreferrer noopener\">poor governance and a lack of investment<\/a>,&nbsp;creates humanitarian crises. Small island&nbsp;developing states will suffer the greatest economic losses from climate change with more than&nbsp;<a href=\"https:\/\/interactive.carbonbrief.org\/q-a-should-developed-nations-pay-for-loss-and-damage-from-climate-change\/index.html\" target=\"_blank\" rel=\"noreferrer noopener\">100m of shoreline retreat predicted by 2100<\/a>.&nbsp;These countries who contribute&nbsp;very little&nbsp;to global emissions, are the&nbsp;real&nbsp;victims of&nbsp;global warming&nbsp;and&nbsp;they&nbsp;don\u2019t&nbsp;have the funds to&nbsp;appropriately respond.&nbsp;&nbsp;<\/p>\n\n\n\n<p>It is short sighted&nbsp;for&nbsp;wealthier nations&nbsp;to refuse to pay, as to prevent global temperature&nbsp;rising, everyone needs to cut emissions,&nbsp;and emerging&nbsp;countries&nbsp;have had a&nbsp;<a href=\"https:\/\/www.bbc.co.uk\/news\/articles\/cp35rrvv2dpo\" target=\"_blank\" rel=\"noreferrer noopener\">75% increase in the past decade.<\/a>&nbsp;There needs to be a worldwide focus on moving these countries away from fossil fuels as a matter of urgency.&nbsp;&nbsp;<\/p>\n\n\n\n<p>There is also an argument to be&nbsp;made that wealthier nations have a historic responsibility&nbsp;to help.&nbsp;Wealthy countries,&nbsp;like the US,&nbsp;have contributed&nbsp;the most to global warming through rapid industrialisation,&nbsp;effectively causing&nbsp;the impacts on the Global South,&nbsp;and so should have to pay.&nbsp;However, playing the blame game&nbsp;isn\u2019t&nbsp;an efficient solution to a worldwide crisis like this. There should&nbsp;not only&nbsp;be a moral imperative&nbsp;for wealthier countries to step forward and aid nations, but also an element of self-interest: we all&nbsp;need to&nbsp;cooperate to prevent climate change.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Ultimately while we are taking steps forward to support developing nations,\u00a0we are not\u00a0doing\u00a0enough,\u00a0and we desperately need COP reform to make any significant progress.\u00a0\u00a0With the role of the US in climate conversations being questioned with the re-election of Trump, there is much uncertainty.\u00a0Now, more than ever, the world\u00a0must\u00a0stay united to take on climate change, but whether this is possible\u00a0in our current polarised climate, we are yet to see.\u00a0<\/p>\n\n\n\n<p>Image: <a href=\"https:\/\/unsplash.com\/photos\/a-group-of-people-holding-a-sign-that-says-the-climate-is-changing-why-aren-1AaRGN_vyq0\">&#8216;A group of people holding a sign that says the climate is changing why aren&#8217;t 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