an agreement “not up to the challenges”, judges France

She doesn't mince her words. Despite “several advances”including the tripling of funding for poor countries threatened by climate change, the Baku conference was marked “by real disorganization and a lack of leadership from the presidency” Azerbaijani, said the minister in a statement sent to AFP. She had also canceled her trip to Baku against a backdrop of diplomatic tensions between France and Azerbaijan.

For poor countries, an “unambitious” agreement

COP29 ended Sunday, November 24, 2024 in the early morning in Azerbaijan. “The text on finance was adopted in a climate of confusion and contested by several countries”regretted the Minister of Ecological Transition, Agnès Pannier-Runacher, judging the agreement “not up to the challenge”.

The 29^e United Nations conference on climate change adopted several decisions, the main of which set the obligation for rich countries to finance at least 300 billion dollars per year by 2035 to support the energy transition and adaptation to climate change developing countries.

But the representative of the 45 poorest countries on the planet, who hoped for much more, denounced an agreement “not ambitious”.

“Historic agreement on the carbon market”

Nevertheless, recalled Agnès Pannier-Runacher, “this commitment is in addition to that on tripling renewable energies by 2030 and tripling nuclear capacities by 2050, made in Dubai last year. Added to this is an overall climate financing objective, from all sources, of 1,300 billion dollars, necessary to accelerate the transition to a world without fossil fuels..

Among the “advanced” noted by the minister also appears “a historic agreement, after nine years of negotiations, on a voluntary carbon market framework, with a desire to guarantee environmental integrity”which “could allow real development of international carbon credit markets”.

“On mitigation, a very negative message”

“On the other hand, on mitigation, no text has been adopted, which sends a very negative message and marks a real failure for this COP29”she added.

“Our hopes now point towards COP30 which will be chaired by Brazil”she said.

Agnès Pannier-Runacher finally assured that France remained “strongly committed to solidarity with developing countries, with 7.2 billion euros in climate financing in 2023, including 2.8 billion for adaptation, or nearly 10% of global finance for adaptation ».