The 29th Conference of the Parties on Climate (COP29), held in Baku (Azerbaijan), concluded in great confusion.
The barely obtained agreement allows to keep up appearances, promising 300 billion dollars annually in aid to the poorest and most affected countries by climate change by 2035.
The debates highlighted a weakening of climate diplomacy, undermined by erosive effects similar to the ones eroding other multilateralism tools.
In this context, the North-South clash is based on an equation that is becoming increasingly difficult to solve.
The small group of developed countries has countered the magnitude of the effort required in an unfavorable economic and political situation.
A year after the Climate Conference in Dubai, the objective of an ecological transition away from fossil fuels remains in a state of inaction.
The rules regulating carbon markets were adopted after nearly nine years of negotiations, yet without adequate control tools and necessary transparency.
Conclusion: The mixed results from Baku suggest that the next meeting scheduled for 2025 in Belem, Brazil, could be a make-or-break moment for the climate.