LUXEMBOURG — Global talks on how to fund climate action are so tricky that countries may not reach a deal at next month’s United Nations summit, a key negotiator said on Monday.
Irish Environment Minister Eamon Ryan, who last week was appointed to co-lead part of the negotiations at the COP29 summit in Azerbaijan, warned that there’s a “real risk” of failure.
“It’s not certain we will get agreement in Baku,” said Ryan, arriving at an EU meeting in Luxembourg where ministers will discuss the bloc’s COP29 position. “It’s not an easy issue when you come down to discussing the financial future and … multilateral cooperation is not exactly the flavor of the month at the moment. So there’s a real risk we might not get agreement.”
The Azerbaijani COP29 presidency last week chose Ryan to co-lead negotiations on preparing for the impacts of climate change, together with Costa Rica.
