#COP29BAKU--Fish Market Climate Conference---WLP/AI-RESEARCH CAP.

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#COP29Baku Fish Market 11/13/24/1920EST: Bangladesh Yunus insults Global North for #climate inaction, "haggling over funds was inappropriate," Global South eats sardines while North bluefin tuna. "Funding disparity" is robbery #COP29Azerbaijan AI-Cap: https://shorturl.at/Qjby1

(Image credit: Fortune)

bangladesh yunus and cop29 criticism

(Begin Perplexity-AI)

Muhammad Yunus, the interim leader of Bangladesh, has strongly criticized the ongoing climate negotiations at COP29, particularly regarding the financial disputes over aid for less affluent nations. Here are the key points of his criticism:

Humiliating Negotiations

Yunus described the climate negotiations at COP29 as "humiliating" for poorer countries

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. He likened the talks to a "fish market" where countries are haggling for the best deals, which he considers a fundamentally flawed approach

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Responsibility of Wealthy Nations

Yunus insists that wealthier countries should be held accountable for the environmental issues they have contributed to creating

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. He argues that countries responsible for warming up the planet should simply provide the necessary funds to deal with the climate crisis, rather than engaging in negotiations

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Questioning the Need for Negotiations

The Bangladeshi leader questioned the very premise of these negotiations, stating, "Why should there be a negotiation? You are causing the problem, then you solve it"

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. He emphasized that this is not a request for generosity, but a demand based on the responsibility of rich nations for causing the climate crisis

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Impact on Bangladesh

Bangladesh is particularly vulnerable to climate change, with scientific reports indicating that up to 17% of its territory could be submerged due to rising sea levels

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. The country also faces increasingly severe cyclonic storms, making climate action a critical issue for its population

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Call for Action

Yunus stressed that "everyone's home is on fire," urging wealthy nations to recognize that they too are at risk and need to act for both their own and the planet's benefit

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. He plans to focus on renewable energy initiatives and safeguarding Bangladesh's population from the impacts of climate change during his tenure as interim leader

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In conclusion, Muhammad Yunus's criticism of COP29 highlights the frustration of developing nations in the face of climate negotiations, emphasizing the need for immediate action and financial support from countries that have historically contributed most to global warming.

What specific financial disputes did Yunus criticize at COP29

Muhammad Yunus, the interim leader of Bangladesh, criticized several aspects of the financial negotiations at COP29:

1. Humiliating process: Yunus described the struggle for climate finance as "humiliating" for developing nations. He stated, "I think that's very humiliating for nations, to come and ask for money to fix... (the) problem that others caused for them"
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2. Negotiation approach: He likened the talks to a "fish market," implying that the haggling over funds was inappropriate for such a serious issue
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3. Responsibility of wealthy nations: Yunus argued that rich countries and major emitters should simply pay for the problems they caused, rather than forcing vulnerable nations to negotiate for aid
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4. Funding disparity: The discussions revolve around developing countries seeking at least $1.3 trillion annually, which is over 10 times what current donors like the US, EU, and Japan pay
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5. Private sector reliance: Yunus criticized the donor countries' preference for promising private sector mobilization instead of public funds, which NGOs describe as "wishful thinking"
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6. Grants vs. loans: He emphasized that for developing countries already burdened with debt, the aid must be in the form of grants rather than loans
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7. Lack of urgency: Yunus highlighted the frustration that while the world can find money for wars and pandemics, there's a lack of similar urgency for addressing climate change, which he called "the most profound crisis of our time"
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These criticisms reflect the broader frustration of developing countries at COP29, particularly those most vulnerable to climate change impacts, regarding the slow progress and inadequate commitments on climate finance from wealthier nations.

(End Perplexity-AI)

#COP29Baku 11/13/24/1900EST: UN chief Antonio Guterres pulls no punches, takes no prisoners, calls out Global North deserters from conference, vows to not use Third World human shields in #climate action crossfire. #COP29Azerbaijan AI-Cap:" https://shorturl.at/papBy

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