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At COP29 in Baku, nations reached a $300 billion annual climate finance target by 2035, but many developing countries deemed it insufficient. The summit was overshadowed by Donald Trump's election, which dampened U.S. contributions, and concerns over rising emissions and extreme weather persisted. Additionally, discussions on climate-related trade barriers and the influence of fossil fuel interests highlighted ongoing challenges in global climate negotiations.
At a press conference in Baku, House Republicans, led by Texas representative August Pfluger, expressed strong support for fossil fuels and criticized Biden"s climate policies, suggesting a potential repeal of the Inflation Reduction Act. They argued that the act"s renewable energy provisions contributed to rising inflation, while also hinting at a desire to maintain beneficial aspects of the law for energy costs. The GOP"s stance reflects a broader commitment to fossil fuel dominance, echoing sentiments from Azerbaijani leadership at COP 29.
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climate finance deal reached at cop29 amid rising global tensions
06:57 24.11.2024
house republicans promote fossil fuels at international climate conference in baku
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18:30 18.11.2024
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