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Global renewable energy capacity surged by 585 GW in 2024, marking a record growth rate of 15.1%, yet still falling short of the 11.2 terawatts needed by 2030. Solar and wind dominated the expansion, with solar capacity alone increasing by 32.2%, driven primarily by China and India.IRENA emphasized the urgency for annual additions exceeding 1,120 GW to meet climate goals, while UN Secretary-General Antonio Guterres highlighted the economic and environmental benefits of this transition.
Wealthy nations agreed to a $300 billion funding proposal to assist developing countries in transitioning away from polluting fuels, but the deal faced significant criticism for being insufficient. Many poorer nations, including the LDCs and small island states, expressed disappointment over their lack of consultation and the perceived inadequacy of the financial support. The agreement also included provisions for emerging economies like China to contribute, reflecting a complex dynamic between rich and developing nations amid ongoing climate challenges.
Countries face significant data gaps in climate services, hindering effective responses to climate change, particularly in Asia and Africa. While over 80% of nations recognize the importance of climate services in adaptation strategies, only a fraction of climate adaptation funding supports these essential services. The UN emphasizes the need for investments in early warning systems to mitigate the impacts of extreme weather events, with a target to provide comprehensive early warning systems by 2027.
The UN's Emissions Gap Report warns that without immediate and significant cuts to greenhouse gas emissions, the world is on track for a catastrophic 3.1°C temperature rise by 2100. Nations must collectively commit to reducing emissions by 42% by 2030 and 57% by 2035 to have any hope of meeting the Paris Agreement's 1.5°C target. Urgent global cooperation and ambitious national plans are essential to avert climate disaster, as current efforts remain insufficient.
G20 nations have diluted a crucial climate finance report from leading economists, despite UN calls for urgent action. The report highlights myths hindering climate progress and urges G20 governments to adopt green strategies, yet faced significant revisions after government pushback. With emissions at a record high, the UN warns that immediate and substantial cuts are essential to meet global climate goals.
At the Brics summit in Kazan, leaders from diverse nations, including autocrats, gathered to promote a "fairer" world order, yet produced a final declaration filled with vague promises and no concrete actions, particularly regarding Russia's war in Ukraine. Despite the lack of progress on key issues like de-dollarization and a new payment system, Putin celebrated the event as a propaganda success, with the UN Secretary-General participating without reproach. The summit's rhetoric highlighted a desire for a multipolar world while ignoring the democratic failures of its leaders.
Russian President Vladimir Putin is hosting a Brics summit in Kazan, where discussions will include the ongoing war in Ukraine, with significant attendance from global leaders, including Chinese President Xi Jinping. While Western nations continue to pledge military aid to Ukraine, Brics members largely refrain from condemning Russia's actions, with some, like Iran, actively supporting Moscow. Ukrainian President Zelensky urges his troops to maintain their positions in the Kursk region, emphasizing the strategic importance of their operations.
António Guterres
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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18:19 24.10.2024
brics summit in russia focuses on financial cooperation and the ukraine war
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15:40 23.10.2024
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