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Why no one is turning up to this year’s climate summit

London | Climate-sceptic Donald Trump’s US election victory has cast a pall over this year’s COP summit in Baku, Azerbaijan, which was already threatened by entrenched global discord and a widespread no-show from political and corporate leaders.

The big goal of the COP29 summit, which begins on Monday, is to land a deal between the almost 200 participating countries on how much money richer countries and investors need to give poorer countries to deal with climate change. Demands of $US1 trillion ($1.5 trillion) a year, or more, are on the table.

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Hans van Leeuwen is The Australian Financial Review’s former Europe correspondent. He is now International Economy editor for The Telegraph UK.

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    Original URL: https://www.afr.com/world/europe/business-leaders-snub-cop-talks-as-trump-casts-pall-20241110-p5kpbb