The UN climate negotiations were a major disappointment

Climate Change: What have we Learned about the COP 2015 Conference of the Parties? The U.S. Department of Environment and Climate Change

We are leaving with less money than the countries that need it the most. It is a start, but it is clear that these funds must come with fewer obstacles so that they reach those who need them the most.

Some delegates expressed their irritation from other countries. Jiwoh Abdulai, the Sierra Leoneese minister of environment and climate change, said in a reply that he was extremely disappointed in the outcome. There is a lack of goodwill associated with the $300 billion a year core goal.

The US elections that took place just days before the UN summit cast a cloud over the negotiations. Donald Trump bragged about liquid gold, oil and gas in his victory speech. Trump, who has called climate change a “hoax” and has said he’ll pull the US out of the Paris agreement, announced his pick to lead the US Department of Energy during the course of the conference: fracking company CEO Chris Wright.

Any way you look at it, the summit (called the Conference of the Parties, or COP) that fizzed out over the weekend was exasperating, particularly for delegates from parts of the world hit first and hardest by climate change.

Tina Stege, the Marshall Islands climate envoy said in a statement that they came in good faith, with the safety of their communities and well-being of the world at heart. “Yet, we have seen the very worst of political opportunism here at this COP, playing games with the lives of the world’s most vulnerable people.”

Climate financing was a hot topic at the COP this year. The United Nations holds international climate talks annually, which led to the adoption of the Paris agreement in 2015 — an international treaty to stop global temperatures from continuing to rise. It’ll take a global effort to make that happen, one that wealthy nations have more resources to mount.

The Fossil Engagement Director, Harjeet Singh, stated that Trump’s push for ramping up fossil fuel production, disregard for international agreements, and refusal to provide climate finance will deepen the crisis, endangering lives and livelihoods.

The COP’s “current structure simply cannot deliver the change at exponential speed and scale, which is essential to ensure a safe climate landing for humanity,” the letter says.

There is a reason why we are all here. It is to save lives,” Stege said. “We have to work hard to rebuild trust in this vital process.”

Climate finance road map for Brazil and the 30th congress of the COP29 climate agreement in Baku, Azerbaijan, is urgent

Sarah Colenbrander says that the $300 billion a year pledge won’t convince them that they will get to more than $1 trillion a year to respond to the climate emergency.

“The finance outcome for Baku was deeply disappointing,” says Dipak Dasgupta, an economist at The Energy and Resources think-tank in New Delhi, and a lead author on climate finance for reports assembled by the Intergovernmental Panel on Climate Change.

A last-minute deal that rescued the COP29 climate talks in Baku, Azerbaijan, is a “fragile consensus”, researchers who study climate finance have told Nature.

But delegates from some of the largest developing countries, including India, Indonesia and Nigeria were furious. Some alleged that they had been pressured into a deal, so that the COP meeting did not end in failure. The meeting also did not agree how much of the $300 billion is to be in grants versus loans, nor how much will come from private or public-sector sources.

While snatching thisCOP back from the flames deserves momentary celebration, it also exposes old wounds between wealthier and poorer nations, according to the head of climate at The Nature Conservancy.

The agreed amount also does not reflect a scenario in which the United States retracts its global climate funding if an incoming Trump administration pulls out of international climate agreements.

A finance road map document will be prepared for the 30th Congress of the Conference of Parties (COP) in Brazil. This would show how countries will achieve the higher climate finance target.

“The Baku to Belém road map is there for good reason and good practical science is urgent,” Dasgupta says.” It needs a lot of care, and not a lot of destruction.