My Tiny Feed

it.euronews.com

SIDS Demand New Climate Finance System at COP29

SIDS at COP29 demand a new climate finance system to address their debt burden and unique vulnerabilities, while activists call for trillions in funding, not just billions.

Read original article in Italian

Italian

United States

Climate ChangeEnergy SecurityFinanceClimateDebtActivismSids

United NationsCdpImfGroup For Climate Finance Of Latin America And The Caribbean

Sherry MaderaJoyelle Trizia ClarkeSandra Guzman

What is Sherry Madera's perspective on mobilizing capital for climate action?: Sherry Madera, CEO of CDP, emphasizes the need for public and private collaboration to mobilize capital for climate action. She highlights the discrepancy between available funds and the amount necessary to tackle the crisis effectively.
What actions did climate activists take at COP29, and what are their key demands?: Climate activists protested inside the COP29 venue for the first time, demanding increased commitments from developed nations to reduce emissions and provide more climate finance. They argue that current funding in billions is insufficient; trillions are required.
What are Joyelle Trizia Clarke's arguments for a special financing regime for SIDS?: Joyelle Trizia Clarke, Minister of Saint Kitts and Nevis, advocates for SIDS to be recognized as a special group with unique vulnerabilities. She stresses the need for special financing mechanisms that don't add to the existing debt burden of these nations.
What is the estimated amount of climate funding needed according to the UN and other sources?: The UN suggests negotiations should aim for \$1.3 trillion in climate finance by 2035, while others believe significantly more is needed (\$40-60 trillion annually). The current funding falls far short of the amount necessary to address the climate crisis.
What is the main demand of Small Island Developing States (SIDS) at COP29 regarding climate finance?: Developing Small Island States (SIDS) at COP29 are demanding a new climate finance system that does not worsen their debt burden. They argue that most adaptation funding comes as debt, adding to their existing financial strain.

Jan 23, 04:13

EU Electricity Generation: 75% Greenhouse Gas-Free in 2024

In 2024, the European Union generated nearly 75% of its electricity from sources without greenhouse gas emissions, with renewable sources like solar (up 22% from 2023) and wind providing over 47%, while nuclear energy contributed nearly 24%, and coal use dropped to under 10%, its lowest level in 40 years.

Jan 23, 04:12

Union of BC Indian Chiefs Reverses Stance on Northern Gateway Pipeline

Grand Chief Stewart Phillip of the Union of BC Indian Chiefs apologized for comments suggesting support for the Northern Gateway pipeline, clarifying that the Union firmly opposes its revival due to environmental concerns and despite potential US tariffs, maintaining a long-standing mandate against such projects.

Jan 23, 04:13

EU's Renewable Energy Hits Record High, Surpassing Fossil Fuels

A new report reveals that 47% of the European Union's electricity now comes from renewable sources like solar and wind, exceeding coal and gas combined, driven by the European Green Deal and the war in Ukraine, contrasting sharply with the U.S.'s fossil fuel focus.

Jan 22, 13:12

Trump Executive Order Seeks to Boost Alaskan Resource Development

President Trump issued an executive order on his first day in office to boost oil and gas drilling, mining, and logging in Alaska, reversing Biden administration policies and facing immediate legal challenges and opposition from environmental groups.