Read more: Cop29 secured a done deal but it needs to be built on
All eyes are on Brazil, the host of Cop30, after developing nations deemed the finance plan agreed at Cop29 to pay for the ravages of climate change to be too little, too late. The climate summit, which will bring together tens of thousands of delegates, will be held from November 10 to 21 next year in the northern city of Belem.
Marina Silva, Brazil's Minister of Environment, said that Cop29 was the finance Cop but Cop30 would be the Cop of Nationally Determined Contributions (NDCs) – plans set out by governments to tackle climate change. Climate activists hope more can be achieved in Brazil than in Baku, Azerbaijan, over the past two weeks.
"To be held in Brazil, a major developing country with huge forest reserves, it’s even more apt to push the frontier even harder for global funding and carbon markets advancement," Prof Lawrence Loh, director of the Centre for Governance and Sustainability at NUS Business School, told The National.
Clare Shakya, global managing director for climate of The Nature Conservancy, a US global conservation organisation, said the Paris Agreement process is still alive, albeit barely, post-Cop29. "Hopefully the ambition evident in fresh NDCs from Brazil and others, coupled with President Lula's recent G20 summit comments, will inject fresh vigour into UN climate at Cop30," she said.
Brazil's President, Luiz Inacio Lula da Silva, went further, inviting participants to make next year the "turnaround Cop". "Cop30 will be our last chance to avoid an irreversible rupture in the climate system," he said.
Civil rights groups are looking to Cop30 to mend the chasm opened by events in Baku. Sergio Chaparro Hernandez, international co-ordinator of Dejusticia (Colombia), said the $300 billion deal at Cop29 falls far short of the ambition the world needs to show to confront the climate crisis.
"We needed those most responsible for the climate crisis to go beyond speeches and commit to resources at the level of trillions," he said. "But this did not happen, which shows the crisis of these multilateral spaces, and the need to give new impetus to climate co-operation at Cop30 and seek to align financial flows."
Claudio Angelo, head of international policy at Observatorio do Clima, said: “Brazil now is given one more daunting task for Cop30: to scale up finance and rebuild the trust among countries.”
From Baku to Brazil
A hard-fought agreement was reached in Baku after developed nations increased their offer from $250 billion to $300 billion, bringing the negotiations at the Cop29 summit to a delayed conclusion.
The compromise agreement urges "all actors" to contribute to the $1.3 trillion annual funding target sought by developing countries. However, the $300 billion core commitment from wealthier nations is smaller and more vague than the specific amount that poorer and more vulnerable countries had pushed for during the two weeks of negotiations in Azerbaijan.
"Cop29’s conclusion may seem to be a mixed bag with the difficulty in aligning the expectations of financing level between developed and developing countries. Even with the apparent discord, Cop29’s outcomes are commendable," said Prof Loh.
Laura Sabogal, a senior policy adviser at E3G, said that the adoption of the New Collective Quantified Goal marks a "critical yet imperfect step forward". "At the same time, its glaring shortcomings cannot be ignored, it reflects a troubling lack of urgency and ambition in addressing the deep inequities at the heart of global climate finance."
Beyond the finance plan, on day one of the Cop29 conference, the presidency had signalled an early win on pushing forward progress on carbon markets after almost a decade of standstill. "This resolution is probably most significant as the world is now ready to implement net zero through proper country-level carbon trading procedures and crediting mechanisms," Prof Loh said.
Known as Article 6 of the 2015 Paris Agreement, carbon markets allow nations to transfer carbon credits earned through emission reductions to help meet their climate targets. For instance, initiatives such as preserving rainforests or other carbon sinks could receive funding from credits from those looking to offset emissions.
Cop29 – in pictures
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2020 Oscars winners: in numbers
- Parasite – 4
- 1917– 3
- Ford v Ferrari – 2
- Joker – 2
- Once Upon a Time ... in Hollywood – 2
- American Factory – 1
- Bombshell – 1
- Hair Love – 1
- Jojo Rabbit – 1
- Judy – 1
- Little Women – 1
- Learning to Skateboard in a Warzone (If You're a Girl) – 1
- Marriage Story – 1
- Rocketman – 1
- The Neighbors' Window – 1
- Toy Story 4 – 1
Williams at Wimbledon
Venus Williams - 5 titles (2000, 2001, 2005, 2007 and 2008)
Serena Williams - 7 titles (2002, 2003, 2009, 2010, 2012, 2015 and 2016)
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
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10 tips for entry-level job seekers
- Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
- Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
- Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
- For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
- Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
- Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
- Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
- Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
- Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
- Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.
Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz
Seven tips from Emirates NBD
1. Never respond to e-mails, calls or messages asking for account, card or internet banking details
2. Never store a card PIN (personal identification number) in your mobile or in your wallet
3. Ensure online shopping websites are secure and verified before providing card details
4. Change passwords periodically as a precautionary measure
5. Never share authentication data such as passwords, card PINs and OTPs (one-time passwords) with third parties
6. Track bank notifications regarding transaction discrepancies
7. Report lost or stolen debit and credit cards immediately
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
UAE currency: the story behind the money in your pockets
Racecard
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Who has been sanctioned?
Daniella Weiss and Nachala
Described as 'the grandmother of the settler movement', she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts.
Harel Libi & Libi Construction and Infrastructure
Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts.
Zohar Sabah
Runs a settler outpost named Zohar’s Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel’s State Attorney’s Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat.
Coco’s Farm and Neria’s Farm
These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for activities that amount to “serious abuse”.
Sukuk explained
Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.