COP29: Look at the eighth day Tags

Azerbaycan’s capital was held in Baku, COP29 (The Framework of Change of the Framework Agreement 29’s Parties Conference) Climate Summit continued with great participation on the eighth day. At the peak of yesterday, there is a total of 66.778 physics delegates, with virtual participation, this number reached 70.753. While the host of the Summit has the largest delegation with Azerbaijan 2229 people, Brazil 1914 and Turkey create the most crowded other delegations with 1862 participants.

New members to COFFIS coalition
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] The United Kingdom announced that the New Zealand and Colombia participated in the International Coalition (COFFIS) on the gradual removal of fossil fuel subsides (COFFIS) in order to gradually remove the fossil fuel subsidies. COFFIS stands out as a 16-member international coalition that aims to gradually remove unproductive fossil fuel incentives and carried out in the Dutch leadership. These countries have been committed to delivering national plans to reduce fossil fuel subsides by preparing national plans to reduce fossil fuel emissions by 2030. [

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The Intergovernmental Climate Change Panel (IPCC President) Jim Skea said that the global temperature rise can reach 3 degrees at the end of this century if existing policies continue. Skea, particularly considering the potential of renewable energy sources in emissions reduction, expressed that wind and solar energy offers low-cost alternatives and reduces approximately 7 percent of global greenhouse gas emissions. Skea also noted that reduction of methane emissions from fossil fuels can provide significant benefits in the short run.

G20’s climate financing message
The message of G20’s climate finance is remarkable that COP29 should be identified concrete target on climate financing for successful results. Simon Stiell, Secretary of the UN Climate Change, stated that the G20 leaders have a call for negotiations in Baku; “Do not leave the peak without a new financial goal”. This message emphasizes the emergency movement of financing mechanisms to provide stronger support to emerging countries in the fight against climate change and highlights as one of the basic expectations in COP29.

A new process will be launched to continue the negotiations
]]On the eighth day, it could not be exhausted on an agreement that supports to move away from fossil fuels. Some countries such as Saudi Arabia have turned out that new emission targets are challenging for emerging countries. However, COP29 President Mukhtar Babayev announced that the negotiations will launch a new process to continue, and the Ministers from Norway to South Africa will provide support in this process.
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The 1.5 degree commitment of the European Union]
] The European Union (EU) expressed that emissions reduction decisions to be taken in COP29 will create an important foundation for the national climate plans (NDCs). The EU Climate Commissioner Hoekstra stated that it provides a strong message in Baku, the emission targets of all countries are mandatory for further transport Home. Hoekstra, referring to EU’s goals, has announced they aimed to significantly reduce emissions by 2035, especially with renewable energy investments and energy efficiency increase. This goal shows that the EU is in a more ambitious NDC plan preparation to adapt to a 1.5 degree of warming limit and highlights the EU’s leadership role in emissions reduction in COP29.

Support from Greenpeace to UK]
Greenpeace UK Senior Political Advisor Rebecca Newsom stressed the importance of this move in terms of the climate diploma of the country by assessing the participation of England to COFFIS positively. Newsom also stated that funds to be obtained from the fossil fuel industry supported by subsidies for years can be used for climate financing for developing countries. On the eighth day of COP29, significant discussions on the gradual reduction of fossil fuels and the provision of climate financing, while more countries need to create common grounds in the way of reaching global emissions targets. [email protected]