UK Pushes for Accelerated Clean Energy Transition at COP29
Energy Secretary Ed Miliband emphasizes ethical and economic imperatives as nations edge closer to a climate finance agreement in Baku.
- The UK is advocating for a COP29 agreement that prioritizes a faster global shift to clean energy, citing both ethical and economic benefits.
- Energy Secretary Ed Miliband highlighted the UK's commitment to cutting domestic emissions by 81% by 2035 as part of its climate leadership strategy.
- Negotiations in Baku have focused on bridging divides over climate finance, with a proposed target of $250 billion in public funds and $1.3 trillion in total annual support for poorer nations by 2035.
- Developed countries, including the UK, are pushing for oil-rich nations and China to contribute more to climate finance efforts.
- Miliband called the clean energy transition 'unstoppable' and stressed the importance of multilateral collaboration, despite the challenges of the negotiation process.