Climate Summits "No Longer Fit For Purpose", Experts Say

It looks like experts are starting to realize that the litany of global 'climate summits', where participants fly in on private jets to wax poetic about the virtues of attempting to change thousand-year cooling and warming cycles on Earth, could need some reform.

Leading climate experts, including Ban Ki-moon, Mary Robinson, Christiana Figueres, and Johan Rockström, are calling for significant changes to UN climate summits, according to a new report from The Guardian.

They argue future conferences should only be hosted by nations demonstrating strong climate action and advocate for stricter controls on fossil fuel lobbyists. Over 1,700 industry lobbyists attended Cop29, raising concerns about undue influence.  

The group has urged the UN to streamline the annual summits, amplify the voices of developing countries, and increase meeting frequency to better address the climate crisis.

“It is now clear that the Cop is no longer fit for purpose. We need a shift from negotiation to implementation,” they wrote. 

“We need strict eligibility criteria to exclude countries who do not support the phase-out/transition away from fossil energy. Host countries must demonstrate their high level of ambition to uphold the goals of the Paris agreement,” they said. 

climate summits no longer fit for purpose experts say

Cop29, held in Baku, Azerbaijan, is nearing its halfway point amid controversy. Azerbaijan, a major fossil fuel producer with oil and gas comprising half its exports, follows last year’s host, the UAE—a petrostate led by Sultan Al Jaber, who retained his role as head of Adnoc during the conference.

At Cop29 in Baku, controversy surrounds the presence of 1,773 fossil fuel lobbyists, more than any nation except Azerbaijan, Brazil, and Turkey, and far exceeding the 1,033 delegates from the 10 most climate-vulnerable nations.

The Guardian wrote that former U.S. Vice President Al Gore criticized the fossil fuel industry's influence and called for reforms in choosing host countries. Talks center on securing $1 trillion annually by 2030 to help poorer nations address climate challenges, but progress is slow, with disagreements over contributions from developed nations and emerging economies like China.

Campaigners demand polluters pay, while a report suggests innovative funding options, including levies on cryptocurrencies, plastics, and air travel, or a 2% wealth tax, to bridge finance gaps. Negotiations will continue into next week.

Recall, just days ago we wrote about a how a senior COP29 official in Azerbaijan reportedly used his role as heading up the fight on climate change...to secure meetings with potential investors in the country’s oil and gas sectors.

Energy production drives 60% of Azerbaijan's economy. Elnur Soltanov, Azerbaijan’s deputy energy minister and COP29 chief, was covertly recorded discussing investment opportunities in the state-owned SOCAR, according to PJ Media.

"SOCAR Trading is trading oil and gas all over the world, including in Asia. To me, these are the possibilities to explore. But in any case this is something that you need to be talking to SOCAR, and I would be happy to create a contact between yourself and them," he was caught on tape saying. 

He added: "We have a lot of gas fields that are to be developed."

climate summits no longer fit for purpose experts say

The PJ Media report says that SOCAR, Azerbaijan’s state oil company, reportedly responded to a fake investment group, indicating interest in meeting, according to Global Witness.

In the meeting, COP29 head and Azerbaijan's Deputy Energy Minister Elnur Soltanov discussed the event’s goals, stating that COP aims to “solve the climate crisis” by “transitioning away from hydrocarbons.”

Still, he expressed openness to oil and gas investments, pointing to Azerbaijan’s gas expansion plans and new pipeline infrastructure. This marks the second year a petro-state has used its COP presidency to promote fossil fuel interests, raising questions for the UN on oversight.

Authored by Tyler Durden via ZeroHedge November 17th 2024