Activists attend a protest action at the COP29 United Nations climate change conference, in Baku, Azerbaijan, November 23, 2024. Maxim Shemetov/Reuters
Activists attend a protest action at the COP29 United Nations climate change conference, in Baku, Azerbaijan, November 23, 2024. Maxim Shemetov/Reuters

The UN climate summit ended in bitterness and accusations of betrayal. Now fears are growing for its future

This year’s UN climate summit in Baku, Azerbaijan kicked off with a fulsome celebration of fossil fuels, praised by the country’s president Ilham Aliyev as a “gift of God.” It ended with a climate finance deal developing countries called an insult, a joke and a betrayal.

The question at COP29 was how much wealthy countries, most responsible for the climate crisis, owe poor countries facing the worst impacts. The answer: $300 billion a year by 2035. Rich countries said it was the best they could do. Poorer countries called it “abysmal,” falling far below the $1.3 trillion economists say they need to cope with a crisis they have not caused.

In the wake of a chaotic, bitter summit and heavily criticized final deal, some experts are asking whether the whole COP process is now so lacking in ambition as to be almost worthless.

“The dismal outcomes of COP29 … have raised serious concerns about the integrity of the global climate negotiation process,” said Harjeet Singh, of the Fossil Fuel Treaty Initiative.

Amid geopolitical upheaval, including the election of a climate denier in the US, Baku might be remembered as the beginning of the end of multilateral climate action.

Fossil fuel interests unleashed

COP climate summits are always painstaking and fraught. But they have had major successes, most notably the 2015 Paris climate agreement, under which countries committed to keeping global warming to well under 2 degrees Celsius, and preferably to 1.5.

And yet, nearly a decade later, the world is on track for the hottest year on record and levels of planet-heating pollution are projected to reach an all-time high.

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