Editorial: La Vanguardia

• The COP29 opened in Baku under signs of pessimism due to the continual increase of greenhouse gas emissions.
• Projections suggest that by 2024, global warming could surpass 1.5ºC, breaching the target set by the Paris Agreement.
• The non-presence of leaders from major countries at the summit reveals a lack of political will to combat climate change.
• A main agenda point is to reach an agreement to fund developing countries in their fight against climate change.
• UN Secretary General, António Guterres, criticized the insufficiency of international funds available to tackle the ravages caused by climate change.
• It's unlikely that rich countries will be able to commit to the necessary funds demanded by developing countries to fight climate change.
• The main obstacle is redirecting the vast subsidies that fossil energies still receive towards sustainable energies and assistance to developing countries.

Conclusion: Achieving an ambitious climate financing agreement is key to curb global warming. Trump's victory and his climate denialism must not hinder efforts to decarbonize the world's economy and abide by the Paris Agreement's targets.

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