COP29 Day 10
DAY 10 Cities, transport
Climate Finance
A draft document was released detailing climate finance for developing countries.
The document left out the following:
- Who pays?
- How much do they pay?
A very draft document indeed.
Two options have been offered:
- Finance starts going from developed to developing countries in 2025 for a 10 year agreement. Developing countries are invited to volunteer to add to a climate fund. Developing countries can also pay via private sources. This replaces the $100-billion-a-year goal.
- Money comes from a wide range of sources to give to the developing countries, public and private. The word innovative is used to describe the sources suggesting that it could be taxes on planes for example.
The world’s poorest countries LDCs and Small island developing states (SIDS) would like an annual minimum of $220bn and $39bn but this has not been agreed yet.
There are no sub goals for cutting emissions.
There is no option to rule out finance from fossil fuel organisations.
EU would like everyone who can to tribute to climate finance and want to include China and the Arab states as donors.
Developed countries are continually asking developing countries to be realistic in their demand for money for climate finance.
Every G20 country has a net zero target:
- By 2045, Germany
- By 2050, Argentina, Australia, Brazil, Canada, France, Italy, Japan, Mexico, South Africa, South Korea, UK, US
- By 2053, Turkiye
- By 2060 China, Indonesia, Russia,Saudi Arabia
- By 2070, India
Climate Change Heros.
Bhutan
- Bhutan is already a carbon-negative country, thanks to its extensive forest cover and commitment to sustainable development. It has pledged to remain carbon-neutral (or better) indefinitely.
Suriname
- Suriname is another nation that has declared itself carbon-negative and plans to maintain this status. Its abundant rainforests and low emissions profile make this feasible.
Maldives
- The Maldives has committed to achieving net zero by 2030, given its vulnerability to climate change as a low-lying island nation. This commitment requires significant international support and investment in renewable energy and sustainability.
Barbados
- Barbados has set a target of 2030 to transition entirely to renewable energy and achieve net-zero emissions.
15 minute cities.
However, this rather idyllic view has not gone down well in Oxford, UK.
Oxford City Council has removed mention of ‘15-minute cities’ from its local plan, claiming the concept has become ‘too toxic and incendiary’
It has, however, taken off in Paris
Electric Buses are being trialled in Guernsey.
An island 4 miles by 12 miles, nothing is very far in Guernsey. It is quite hilly though but that is no excuse for having twice the number of cars as there are people.
