The international climate negotiation process stands at a critical juncture. At the recent COP29 summit in Azerbaijan, nations struggled to find common ground on financial support and carbon market strategies, all while grappling with the persistent influence of fossil fuel industries.
Industrialized countries did pledge $300 billion to help developing nations adapt to climate change, but scientists say the commitment is still far short of the trillion dollars needed to prevent catastrophic environmental impacts.
So, how can global leaders close the financing gap? And what practical approaches can ensure meaningful progress in climate negotiations amid rapidly changing political landscapes?
This week host Bill Loveless talks with Elliot Diringer about the COP process and what the outcome of this year’s summit means for the global energy transition.
Elliot is a global fellow at the Center on Global Energy Policy, directing the Center’s International Dialogue on Climate and Trade. He served as a senior policy advisor to Special Presidential Envoy for Climate John Kerry and led the establishment of the Energy Transition Accelerator under the Biden administration. Elliot also spent more than 20 years at the Center for Climate and Energy Solutions, serving as the head of the international program. He has attended 26 Conference of the Parties summits, most recently attending COP29 in Azerbaijan.
