Baku climate meet returns to big question: Who pays?
Late evening on Wednesday, countries approached Zaheer Fakir of the UAE and Fiona Gilbert of Australia, co-chairs appointed by the COP29 UN Climate Conference presidency to resolve technical differences and finalise a draft text for ministerial consideration, to «streamline» a 34-page draft that had been prepared overnight after the developing country bloc G77 and China rejected a seven-page framework that the co-chairs had prepared earlier.
With this all options are back on the table. Developing countries are clear that the new climate finance goal, the successor to the $100 billion plan, must be about rich industrialised countries providing the funding. Developing countries said any text that proposes shifting the burden of providing climate finance to them was unacceptable.
Explaining the reason why the G77 and China rejected the seven-page framework draft, Africa Group Chair Ali Mohamed said: «The attempt to redefine the commitments and obligations under the Convention and the Paris Agreement has been the biggest obstacle to climate finance negotiations this year, and here in Baku.»
Developed countries too had issues with the framework, particularly on inclusion of language that would result in assessing the share of the total that each developed country was responsible for.
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