Post
#COP29 NEW TEXTS
Drafts landed overnight…
Central fight remains – finance vs fossil fuel
NCQG: "billions" vs "trillions"
MWP: No fossil ref
UAE dialogue: Limited GST follow-up; FF ref not agreed
GGA: Fight over finance refs
Article 6: Deals close
JTWP: Many "options"
https://www.carbonbrief.org/interactive-tracking-negotiating-texts-at-the-cop29-climate-summit/
1/8
#COP29 NEW TEXT: NCQG
Text has progressed significantly…
10pp down from 25
46 brackets from 415
…but core developing vs developed division remains
➡️Opt1
Trillions in developed-country grants
➡️Opt2
Trillions from "all sources…inc domestic"
Billions where developed "take the lead"
2/8
#COP29 NEW TEXT: MWP
➡️Only 3pp with no brackets or options
➡️LMDC/Arab Group seem to have won this fight (for now)
➡️NO REF to stocktake outcomes inc "transitioning away from fossil fuel"
3/8
#COP29 NEW TEXT: UAE DIALOGUE
Four key scope "options" remain:
1) finance only
2) all GST outcomes inc "transitioning away from FF"
3) all with a focus on finance
4) finance for NDCs etc
Would Opt2 be enough for those wanting clear GST follow-up…?
4/8
#COP29 NEW TEXT: ARTICLE 6
On 6.2 + 6.4, texts are unbracketed, no "options"
Rumour circulating last night they'd been agreed – texts appear to confirm
–Registries issue "solved" with dual layer
–No change to auth'n after "first transfer", unless pre-agreed
–Retains bar on inconsistent units
5/8
#COP29 NEW TEXT: GLOBAL GOAL ON ADAPTATION
Key fight seems to be over whether or not to make lots of refs to "means of implementation" ie climate finance…
There's also "options" around asking IPCC to establish an adaptation "task force"
6/8
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