Three days in, the mood at COP29 is gloomy. US President-elect Donald Trump looms over most conversations, but no one is sure what his second term in office will mean for global climate action — maybe a major setback, maybe a kick in the pants for other countries’ efforts. The parade of world leaders on Tuesday felt depopulated, with at least as much time in the onstage program dedicated to cultural performances as to speeches. One of the only interesting statements came from Belarusian President Alexander Lukashenko — not exactly known as a champion of multilateralism — who complained that since the Paris Agreement, global climate action “has only gotten worse.” Azerbaijan President Ilham Aliyev used his platform to make clear that fossil fuels are “a gift of the god.” The bathrooms are kind of gross, and the venue, in the ground floor of Baku’s soccer stadium, has no windows. The key issue of climate finance is far from a resolution. Ali Mohamed, Kenya’s climate envoy, told a scrum of reporters this morning that the proposal currently being discussed, which would spread responsibility for raising climate funds from a core group of rich countries to a broader pool of governments, development banks, and private investors, is unacceptable. A patchwork like that may be the only path to reaching $1.3 trillion as the fundraising target, which Mohamed said is still the hard goal for developing countries. But he has good reason to be concerned: COP can’t dictate terms to Wall Street, and the US, soon to be under Trump, remains the largest shareholder in the World Bank — which means any plan sketched out in Baku will have little enforcement behind it. But a lot can and will change in the next week and a half. And hey, there’s a good place for baklava near the press center, the public transit is working well, and the historic center of Baku is charming. So I’m not giving up yet — and I’ll get a better view of what’s in store when I interview White House climate adviser Ali Zaidi at our (sold out!) Goals House event tonight. |