EU bloc among countries putting pressure on COP29 hosts Azerbaijan to prioritise end to use of polluting fuels
Oil-rich nations are making a concerted effort to slow progress on a landmark UN climate agreement to end the use of fossil fuels, according to western nations taking part in global climate change talks. Negotiators from five western countries told the Financial Times that they were applying pressure to Azerbaijan as the host country for the upcoming UN COP29 summit to prioritise fossil fuel phaseout discussions, in an attempt to counter a “pushback” from the petrostates and their allies.
” At this year’s COP29, to be held in November, countries are due to agree on a new global goal for climate finance, with nations clashing about how much this should be, who pays and its structure. At the weekend, African governments called for more than £1tn a year in climate finance. Oil and natural gas brings in about 90 per cent of Azerbaijan’s export revenues, and finances about 60 per cent of its budget, according to International Energy Agency figures.
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