BAKU, Azerbaijan Nov 13 \u2013 UN Secretary-General Ant\u00f3nio Guterres declared that securing a climate finance deal at COP29 is critical for developing nations, emphasizing that they \u201cmust not leave Baku empty-handed.\u201d <\/p>\n
Speaking on Tuesday in Baku, Azerbaijan, Guterres stressed the need for significant support to help vulnerable countries adapt to and mitigate climate change impacts.<\/p>\n
\u201cA deal is a must,\u201d he said. \u201cCOP29 must tear down the walls to climate finance. We need a new finance goal that meets the moment. On climate finance, the world must pay up, or humanity will pay the price.\u201d<\/p>\n
Guterres highlighted the risk of a massive adaptation finance gap, warning that without action, the deficit could reach $359 billion annually by 2030, a severe threat to developing nations already facing the devastating effects of climate change. In particular, countries in Africa are pushing for a minimum of $1.3 trillion by 2030 to support adaptation and resilience efforts, underscoring the fact that much of their climate distress stems from emissions by the Global North. Guterres also called for doubling adaptation finance to at least $40 billion by 2025.<\/p>\n
In a powerful call to action, Guterres advocated for innovative funding mechanisms like levies on high-emission industries, including shipping, aviation, and fossil fuels, emphasizing that \u201cpolluters must pay\u201d for their contributions to global warming.<\/p>\n
Kenya\u2019s Prime Cabinet Secretary Musalia Mudavadi who represented President William Ruto at the summit said Kenya has implemented more climate adaptation and resilience initiatives following the Africa Climate Summit held in Nairobi.<\/p>\n
![<\/a><\/p>\nEnvironment Cabinet Secretary, Aden Duale, echoed Guterres\u2019 stance, emphasizing Africa\u2019s $1.3 trillion climate finance demand to build resilience against climate impacts. <\/p>\n<\/a>From Right to Left: Kenya\u2019s Environment Cabinet Secretary Aden Duale, Energy CS Opiyo Wandayi and Environment Principal Secretary Dr. Festus Ng\u2019eno at the COP29 in Baku, Azerbaijan. November 2024.<\/p>\nDuale noted that Africa, though contributing little to emissions, has endured severe droughts, floods, and other climate-induced crises that have claimed lives and eroded infrastructure across the continent.<\/p>\nWith COP29 scheduled through November 22, an initial breakthrough was achieved as countries agreed on carbon credit standards under Article 6.4 of the Paris Agreement, which COP29 President Mukhtar Babayev lauded as a \u201cgame-changing tool\u201d for aiding developing nations through an international carbon market, aimed at channeling resources toward urgent climate actions.<\/p>","protected":false},"excerpt":{"rendered":"BAKU, Azerbaijan Nov 13 \u2013 UN Secretary-General Ant\u00f3nio Guterres declared that securing a climate finance deal at COP29 is critical for developing nations, emphasizing that they \u201cmust not leave Baku empty-handed.\u201d Speaking on Tuesday in Baku, Azerbaijan, Guterres stressed the need for significant support to help vulnerable countries adapt to and mitigate climate change impacts. […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-102093","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/102093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/comments?post=102093"}],"version-history":[{"count":0,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/102093\/revisions"}],"wp:attachment":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/media?parent=102093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/categories?post=102093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/tags?post=102093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.capitalfm.co.ke\/news\/files\/2024\/11\/Mudavadi-1.jpeg\"){kind=link}
![<\/a>From Right to Left: Kenya\u2019s Environment Cabinet Secretary Aden Duale, Energy CS Opiyo Wandayi and Environment Principal Secretary Dr. Festus Ng\u2019eno at the COP29 in Baku, Azerbaijan. November 2024.<\/p>\nDuale noted that Africa, though contributing little to emissions, has endured severe droughts, floods, and other climate-induced crises that have claimed lives and eroded infrastructure across the continent.<\/p>\nWith COP29 scheduled through November 22, an initial breakthrough was achieved as countries agreed on carbon credit standards under Article 6.4 of the Paris Agreement, which COP29 President Mukhtar Babayev lauded as a \u201cgame-changing tool\u201d for aiding developing nations through an international carbon market, aimed at channeling resources toward urgent climate actions.<\/p>","protected":false},"excerpt":{"rendered":"BAKU, Azerbaijan Nov 13 \u2013 UN Secretary-General Ant\u00f3nio Guterres declared that securing a climate finance deal at COP29 is critical for developing nations, emphasizing that they \u201cmust not leave Baku empty-handed.\u201d Speaking on Tuesday in Baku, Azerbaijan, Guterres stressed the need for significant support to help vulnerable countries adapt to and mitigate climate change impacts. […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-102093","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/102093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/comments?post=102093"}],"version-history":[{"count":0,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/102093\/revisions"}],"wp:attachment":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/media?parent=102093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/categories?post=102093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/tags?post=102093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.capitalfm.co.ke\/news\/files\/2024\/11\/Duale-cop.jpeg\"){kind=link}