Overview

• The United Arab Emirates, Azerbaijan, and Brazil have announced a 'troika' partnership to push for more ambitious global climate goals.
• The collaboration aims to keep the global temperature increase within 1.5 degrees Celsius, a target set by the 2015 Paris Agreement.
• The troika's immediate focus is on setting a new global target for climate finance for developing countries at the COP29 summit in Azerbaijan.
• Nearly 200 countries are expected to submit updated national CO2-cutting pledges by the COP30 summit in 2025, seen as a crucial opportunity to meet the 1.5C target.
• The announcement comes amid concerns that global greenhouse gas emissions continue to rise, with little progress on key issues like financial support for developing countries.