The Business Times
business-time-50

As COP29 planning begins, reforms needed to fulfil Paris ambition

The climate summit will be Azerbaijan’s largest-ever event – but also requires huge changes

google-preferred-sourceAdd BT as a preferred source
    • A coal-based thermal power plant in Tuticorin, India. Though developing countries still need hundreds of billions more in finance to help them make the transition away from fossil fuels, the COP28 text has been criticised for saying little about climate finance.
    • A coal-based thermal power plant in Tuticorin, India. Though developing countries still need hundreds of billions more in finance to help them make the transition away from fossil fuels, the COP28 text has been criticised for saying little about climate finance. PHOTO: BLOOMBERG

    Andrew Hammond

    Published Fri, Apr 26, 2024 · 05:00 AM

    PLANNING for this year’s global climate conference, COP29, has begun in earnest – and organisers expect it to be fossil fuel giant Azerbaijan’s largest-ever event in terms of attendance and scale.

    However, huge reforms are also needed if the summit is to deliver an effective global climate deal.

    One thing that COP29 president-designate Mukhtar Babayev and the new organising committee should consider is the summit’s ballooning attendance.

    COPClimate change

    TRENDING NOW

    (From left) Dushan county’s ambitious Shuisi Building project and an unfinished, full-scale replica of the Titanic in Daying county.

    Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind

    David Rubenstein, co-founder and co-chairman of The Carlyle Group, warns against “just trying to do deals for the purpose of doing deals, as opposed to getting high rates of return”.

    Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein

    DPM Gan Kim Yong says MAS will remove the 5 per cent cap on physical investment precious metals under the tax incentive schemes for funds.

    Singapore to establish over-the-counter gold clearing system, central bank vaulting by end-2026

    “Findings suggest that roles are being reconfigured, rather than phased out, as demand for AI-related jobs rose,” the PwC report noted.

    Singapore public sector commands highest AI salary premium as job postings surge: PwC study

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More