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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.

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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.

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COP29 Agrees International Carbon Market Standards

The recent endorsement of global carbon market standards under Article 6.4 during COP29 in Baku marks a significant development in climate finance and carbon emissions trading, especially beneficial for developing countries like Kenya. This standard allows countries to trade carbon emission reductions, aiming to accelerate the implementation of climate action plans through financial support and accessible carbon markets.

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