The first day of the United Nations COP29 Climate Summit in Azerbaijan has wrapped up and delegates are once again warning that urgent action is needed.
With 2024 set to be the hottest year on record, climate activists and leaders say fossil fuel companies and major emitters should be held to account as smaller island nations pay the price.
The annual summit sees diplomats from around the world meet to discuss and negotiate collective plans and pledges to deal with climate change. While places with the lowest emissions are often facing the worst impacts of climate change, the increasing severity of natural disasters in Europe and the United States is proving that no country is immune.
Carbon credits are generated by activities that reduce or avoid planet heating emissions and will allow countries, mainly wealthy polluters, to offset emissions by buying credits from nations exceeding their emission targets. Michai Robertson is the finance negotiator for the alliance of small states, he says larger countries can no longer pretend the impacts of climate change are a future risk.
"In January, we're going to inaugurate a president whose relationship to climate change is captured by the words 'hoax' and 'fossil fuels'. He's vowed to dismantle our environmental safeguards and once again withdraw the United States from the Paris Agreement. That's what he has said and we should believe him.”
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