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COP29 Begins With Climate Finance, Absent Leaders, and Trump Looming Large
The annual UN climate summit has kicked off in Baku, Azerbaijan, with lofty goals, but many global leaders missing.
Brussels’ negotiating position has been affected by the impact of the tragic flooding in Valencia, Spain, in recent weeks, with this signaling the need to devote more resources to climate adaptation. Back in 2016, Trump withdrew the US from the Paris Agreement, which set the target of limiting global warming to 1.5 degrees Celsius; Joe Biden then rejoined the climate compact as soon as he arrived in the White House. Trump has signaled his desire to once again withdraw from the Paris Agreement, and also to exit the UN convention that oversees the COPs, “a move that would result in Washington not even participating at the negotiating tables as an observer,” says Jacopo Bencini, a researcher at the Carbon Markets Hub at the European University Institute in Florence.
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