The COP climate talks under the United Nations Framework Convention on Climate Change (UNFCCC) are “no longer fit for purpose” and urgently require an overhaul, according to key experts, including former UN Secretary-General Ban Ki-Moon and former UN climate officials.
Speaking at the UN Climate Change Conference (COP29) in Baku, Azerbaijan, UN Climate Change Executive Secretary Simon Stiell highlighted the economic impact of climate change, noting it is slicing up to 5% off GDP in many countries.
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.
