Financing: Why Negotiators Must Tread Carefully in Solving the Global Plastic Treaty’s FundingDilemma

Financing: Why Negotiators Must Tread Carefully in Solving the Global Plastic Treaty’s FundingDilemma

With two weeks of talks on global climate finance scheduled to end on Friday in Baku, Azerbaijan, many developing countries are left frustrated at what they believed was a lack of progress in the first week. Poorer countries want at least $1tn a year to help them cut greenhouse gas emissions and cope with the impacts of extreme weather.
Plastics Ban Treaty Crossroads: Can INC-5 Deliver?

Plastics Ban Treaty Crossroads: Can INC-5 Deliver?

Policymakers are not holding back their feelings that, more than any other issue, the production of plastic has divided INC participants. Some argue that no government will attack the profitable hyper-consumption paradigm fueled by the pivot from petroleum as fuel to petroleum as a source for raw materials for plastic product manufacturing (plastics is the solid form of petroleum), and a lot of compromise will have to be made to come out with a treaty.
UN Chief Urges More Funding for Climate Loss and Damage

UN Chief Urges More Funding for Climate Loss and Damage

UN Secretary-General António Guterres, speaking at COP29 in Baku, highlighted that the initial $700 million for the Loss and Damage Fund—a victory for developing nations, multilateralism, and climate justice—equates to the annual earnings of the world’s ten highest-paid footballers.