COP29: LEADERS GATHER TO FIND COMPREHENSIVE SOLUTIONS FOR CLIMATE CHANGE

WORLD RECAP

- ANSHU JOSHI

This week remained elusive in terms of the new developments in the global affairs. Announcement of Trump's team in the US has generated a hope that he would work to fulfill his promises and would not repeat his mistakes of the last tenure such as his harsh decisions related to sustainable development and climate change containment.

On the other hand, the UN's COP29 climate summit started in Baku this week to discuss climate change and find effective strategies to mitigate this critical global issue.

Why the leaders are still not understanding the related repercussions; and why they are not able to understand the magnitude of this critical issue remain a pertinent question.

World leaders participating in the recent annual UN climate conference in Azerbaijan are aiming to reach an agreement on measures to mitigate the increase in global temperatures.

A significant topic of discussion revolves around securing additional financial resources for developing nations, enabling them to reduce their greenhouse gas emissions and address the escalating effects of climate change.

COP or 'Conference of the Parties' is an initiative that was started in 1995 in Germany with COP1. 'Parties' are basically the governments that have signed the UN Framework Convention of Climate Change (UNFCCC).

The annual COP summits involve the participation of these signatory governments to discuss and find out comprehensive solutions to address the global challenge of climate change.

From COP1 to COP29, the member nations have travelled a long journey to find comprehensive solutions for climate change.

In past few COP conferences, it was experienced that be it about the climate finance, or about contributing stringently towards the net-zero emission target through national policies for climate change containment, there seems to be a divide between the developed and the developing nations.