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COP29 climate talks: What is needed for a deal by Friday’s deadline?

The talks, which began on Nov. 11, are due to end on Friday at 2pm but COP summits have a history of running long,

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Marathon COP29 climate talks enter their final stretch on Wednesday when the Azerbaijani hosts are due to publish an update on negotiations so far as the summit seeks to agree a new goal on issues including climate finance.

The talks, which began on Nov. 11, are due to end on Friday afternoon but COP summits have a history of running long, Reuters reported.

Below is a breakdown of the known sticking points and what happens next:

DRAFT TEXTS

Officials spent the first week trying to agree to deals across a range of different issues including finance, carbon markets, the future of fossil fuels and efforts to mitigate the rise in global temperatures.

Now, the outstanding items have been handed over to ministers so they can use their political clout to try to get agreements across the line.

The next steps are about trying to whittle down draft texts containing a huge range of wording options into a final document that can be adopted by consensus at the end of the summit.

Draft texts will be published periodically by the Azerbaijani presidency as they zero in on an acceptable deal.

CLIMATE FINANCE GOAL

The primary aim of COP29 is to agree a new target for how much money should be provided to developing countries to help them adapt to climate-fuelled weather disasters and transition to cleaner energy systems.

A previous goal to provide $100 billion per year expires in 2025. The new goal needs to be $1 trillion annually by the end of the decade, according to experts.

The focus in the negotiating rooms has been on defining the structure of a new target, including what counts as climate finance and who needs to pay in. Only once that is agreed are parties expected to start talking about the size of the target.

Issues to iron out include whether countries such as China should be counted among the richer core donors, and the degree to which countries should provide finance in the form of grants or loans.

A text has been scheduled for publication on Wednesday evening.

FOSSIL FUELS

Countries have so far struggled to agree on the right way to follow up on a deal at last year's summit to transition from fossil fuels.

European states want to see that commitment referenced throughout any deal at Baku to reinforce the importance of following through with firm action. Others, including the Arab Group of states, argue it does not need to be.

If past COPs are anything to go by, the moment any deal text is published, delegates will be searching for the phrase "fossil fuels" to see if there is any sign of backsliding.

CARBON MARKETS

Talks in Baku began with an early deal on some of the quality standards that would govern a global market for carbon credits, but there is still much to be agreed on, including how to track trades and disclosure rules.

If fully agreed, market watchers expect a U.N.-backed global market could fund billions of dollars of projects that reduce greenhouse gas emissions from projects such as reforestation.

Scrutiny of the details is intense amid concern that without watertight regulation carbon credits may not deliver the benefits they claim.

FINAL HOURS

COPs rarely finish on time. COP28 in Dubai closed almost a full day after the initial deadline; COP27 in Egypt overran by around 36 hours.

In the final hours, delegations consult intensively in private with the presidency on the proposed deal, often through the night, in search of something that can be adopted by consensus.

Once finalised, every country is called to the main hall to begin an hours-long process of formal approval.

Climate Change

EU pledges €15 million to WFP to help mitigate climate crisis impact on Afghans

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The United Nations World Food Programme (WFP) has welcomed a €15 million (US$15.8 million) contribution from the European Union (EU) for its climate related activities in Afghanistan.

According to a statement issued by the EU on Thursday, this contribution will help local communities prepare for natural disasters and face the devastating effects of climate change, and support farmers for more productive and sustainable agriculture.

So far this year, more than 160,000 people have been affected by flooding in Afghanistan. Floods have destroyed almost 20,000 homes, and thousands of hectares of agricultural land.

“The European Union is committed to assisting the people of Afghanistan in adapting to climate change, which is severely threatening food security and livelihoods notably of rural communities, said the EU Chargée d’Affaires to in Afghanistan, Veronika Boskovic Pohar.

“Climate-related shocks also exacerbate host communities’ capacity to support internally displaced people and returnees from neighboring countries, and they discourage farmers in poppy-cultivating areas from sustainably shifting to licit crops.

“This latest contribution increases the European Union’s steady support to WFP’s resilience programme in Afghanistan to a total EUR 85.1 million since 2022”, she said.

Harald Mannhardt, WFP Deputy Country Director in Afghanistan, said: “This latest funding from the European Union comes at a critical moment as WFP earlier this year was forced to halt projects across the country due to a massive funding shortfall.”

Afghanistan is currently ranked seventh on the Notre Dame Global Adaptation Index of countries most vulnerable and least prepared to adapt to climate change.

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Malaysia records six months of rain in just five days

One of the worst hit areas was Kelantan which recorded 1,442mm of rain between November 26 and 30

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Six months worth of Malaysia’s average annual rainfall fell within five days across the east coast of the country last week, Prime Minister Datuk Seri Anwar Ibrahim said early Tuesday. 

One of the worst hit areas was Kelantan which recorded 1,442mm of rain between November 26 and 30.

Ibrahim said the high rainfall led to flooding that forced a large number of people in Kelantan and Terengganu to be evacuated.

The recorded rainfall at Irrigation and Drainage Department stations in Tanah Merah and Tumpat, exceeded 1,167mm in just five days.

“According to the Malaysian Meteorological Department (MetMalaysia), the reading (in Kelantan) was at 1,442mm, an extraordinarily high level of rainfall. In Terengganu, MetMalaysia’s Besut station recorded 1,761mm of rain during the same period.

“Overall, the (average) rainfall was 1,349mm, far beyond our expectations,” Anwar told the Dewan Rakyat (Parliament) on Tuesday. 

He also said the government is preparing for the forecast monsoon surge as announced by MetMalaysia, expected to start after Dec 8.

By Tuesday, some residents in the town of Tumpat were returning to submerged homes and shops as deadly floodwaters eased in some areas.

People who returned to their homes found many had collapsed, with parts of walls, roofs and broken furniture lying scattered in pools of water.

Muhamad Alim, a 56-year-old shopkeeper whose food store was inundated, recalled fast-rising waters in his home and his grandchildren crying as the flood surged on Saturday night.

"Electricity was cut off, and there was no water supply. So, we were stuck, sitting there as if we were in the middle of the sea, surrounded by water," he told Reuters.

"You could hear the sound of water rushing cutting through the silence of the night."

Six people have died in Malaysia and more than 150,000 were evacuated during the height of the floods last week, government data showed.

In Thailand, the death toll is 25, and more than 300,000 households were still affected, the interior ministry said.

The number of people in temporary shelters in Malaysia fell to just under 95,000 on Tuesday morning, though the authorities remain on guard for a second wave of floods this week.

Malaysia's Meteorological Department expects a wind convergence to begin on Tuesday, potentially bringing heavy showers, with a monsoon surge to follow on Dec. 8.

In Thailand, the Meteorological Department warned people in the south of the country to beware of heavy to very heavy rains and possible flash flooding and overflows from Dec. 3-5.

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Climate Change

Malaysia and Thailand brace for second wave of heavy rain and possible flooding

Authorities say these have been the worst floods in decades, resulting in the death of at least 27 people across the two countries. 

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Malaysia and Thailand are facing a second wave of heavy rain and potential flooding this week, authorities said Monday following days of torrential rain that caused massive flooding in northern Malaysia and southern Thailand. 

Authorities say these have been the worst floods in decades, resulting in the death of at least 27 people across the two countries. 

Malaysia alone was forced to evacuate over 150,000 people on Sunday and rivers burst their banks and water levels steadily increased. 

By Monday, authorities said the immediate situation had improved in some areas and water levels had eased but weather experts warned that more rain and possible floods were forecast again for Wednesday. 

The northeastern state of Kelantan, which has been the worst hit, was also expected to face a fresh deluge from Wednesday, December 4.

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