As the UN Climate Change Conference (COP29) enters its second week, Simon Stiell, the Conference’s Executive Secretary, called on countries to “cut the theatrics” and focus on substantive negotiations to address the pressing climate crisis.
During a press conference on November 18, Stiell highlighted progress and challenges in securing global financial commitments for climate action. He acknowledged progress in carbon markets but stressed that it remains insufficient to meet global emissions reduction targets. “We are a long way from halving global emissions this decade,” he stated, emphasising the urgent need to accelerate efforts in COP29’s final days.
Also read: COP29 Summit in Baku Urges G20 Leaders to Take Bold Action on Climate Crisis
Encouragement from G20 Economies
The UN climate chief acknowledged positive developments from two major G20 economies, the UK and Brazil, which recently submitted their Nationally Determined Contributions (NDCs) to enhance climate action. Stiell pointed out that these efforts are driven by economic interests, asserting that “they are clear – they are doing so because it’s 100% in their economic interest to do so.”
As nearly 200 nations convene in Baku, discussions have focused on how to channel at least $1 trillion annually to developing countries. These nations require financial support to reduce greenhouse gas emissions and adapt to extreme weather impacts. However, rich countries have faced criticism for failing to deliver adequate funding.
Also read: AIM for Climate Secures $29.2 Billion in Funding at COP29
Call for Collaborative Solutions
Stiell expressed concern over negotiation tactics that could hinder collective progress. He warned against a mentality of “you-first-ism,” where groups refuse to compromise until others do. “This is a recipe for going literally nowhere,” he remarked, stressing that parallel efforts from all parties are essential for achieving a robust outcome. Stiell stressed that climate finance is not charity, but a crucial investment in national interests to mitigate climate impacts. “Climate finance is not charity; it is 100% in every nation’s interest to protect their economies and people from rampant climate impacts,” Stiell asserted.
Focus on National Adaptation Plans
Additionally, Stiell emphasized the importance of National Adaptation Plans (NAPs) to help nations prepare for and respond to climate impacts. He urged countries to submit their NAPs by 2025 as part of a broader strategy to tackle climate challenges.
