The annual United Nations Climate Change Conference has started in Baku, amid concerns over U.S president-elect Donald Trump’s commitment to environmental issues.
CGTN’s Radhika Bajaj reports from Azerbaijan.
CGTN’s Radhika Bajaj reports from Azerbaijan.
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00:00Well, everyone is definitely talking about the next
00:04President of the United States Donald Trump. So that is certainly
00:08Been the chatter all around but in terms of the agenda
00:13Climate finance very much in focus at the opening press conference today the UN climate chiefs time and style
00:19Mentioning that climate change is impacting each individual on this planet and some communities are harder hit than the others
00:27Also the president from Azerbaijan minister Babaev once again bringing climate finance into focus saying that that
00:35Climate targets do climate finance targets rather do need to be upped up and the target this year
00:41That's the ask of for scientists is the one trillion dollars a year
00:45But if we get real the last time this target was set was in 2009
00:50It was set at hundred billion dollars and seldom have rich countries actually been able to match that figure
00:57To date so there are many questioning a for 1 trillion dollars will be a possibility
01:02Given the fact that are already very wide divisions on this topic
01:05The other a big piece of the agenda would be the loss and damage fund who should contribute how much should they contribute?
01:12there is also talk of finalizing international rules and regulations for
01:17Carbon credits something something that can help developing countries quite a bit and another important piece on the agenda is
01:25Updated a nationally determined targets by all countries the NBC's
01:31Amidst all of this today John Podesta
01:34Joe Biden's climate envoy was at COP 29 in Bach when he's of course been fielding questions about
01:41what
01:42Position the negotiators in the u.s. Are going to take given that Donald Trump has been a very vocal
01:48Denier of the climate crisis and already reports coming in that he's going to pull out again of the Paris agreement
01:55I know mr. Podesta today said that people of course should have faith in the fact that while
02:02You know fossil fuels may still continue to be in full use in the u.s.
02:07They're phasing out may be slowed down with Donald Trump coming in and it may not be stopped altogether
02:13Which is the fear he also said that the results of the u.s. Elections of course have bitterly
02:19Disappointed those people in the u.s. Who have worked very hard towards moving
02:24To greener technologies and have been championing the cause of developing countries as well tomorrow
02:31Of course global leaders will descend in Baku or for a two-day climate summit
02:36It will be interesting to see how this finance top as it's being called is going to pan out and if any real
02:42Figures are actually going to be assigned on given what's happening in view