��������Ƶ

BAKU: The UN’s climate chief called on leaders of the world’s biggest economies on Saturday to send a signal of support for global climate finance efforts when they meet in Rio de Janeiro next week. The plea, made in a letter to G20 leaders from UN Framework Convention on Climate Change Executive Secretary Simon Stiell, comes as negotiators at the COP29 conference in Baku struggle in their negotiations for a deal intended to scale up money to address the worsening impacts of global warming.
“Next week’s summit must send crystal clear global signals,” Stiell said in the letter.
He said the signal should support an increase in grants and loans, along with debt relief, so vulnerable countries “are not hamstrung by debt servicing costs that make bolder climate actions all but impossible.”
Business leaders echoed Stiell’s plea, saying they were concerned about the “lack of progress and focus in Baku.”
“We call on governments, led by the G20, to meet the moment and deliver the policies for an accelerated shift from fossil fuels to a clean energy future, to unlock the essential private sector investment needed,” said a coalition of business groups, including the We Mean Business Coalition, United Nations Global Compact and the Brazilian Council for Sustainable Development, in a separate letter.
Success at this year’s UN climate summit hinges on whether countries can agree on a new finance target for richer countries, development lenders and the private sector to deliver each year. Developing countries need at least $1 trillion annually by the end of the decade to cope with climate change, economists told the UN talks.
But negotiators have made slow progress midway through the two-week conference. A draft text of the deal, which earlier this week was 33-pages long and comprised of dozens of wide-ranging options, had been pared down to 25 pages as of Saturday.
Sweden’s climate envoy, Mattias Frumerie, said the finance negotiations had not yet cracked the toughest issues: how big the target should be, or which countries should pay.
“The divisions we saw coming into the meeting are still there, which leaves quite a lot of work for ministers next week,” he said.
European negotiators have said large oil-producing nations including ��������Ƶ are also blocking discussions on how to take forward last year’s COP28 summit deal to transition the world away from fossil fuels.
��������Ƶ’s government did not immediately respond to a request for comment. Progress on this issue has been dire so far, one European negotiator said.
Uganda’s energy minister, Ruth Nankabirwa, said her country’s priority was to leave COP29 with a deal on affordable financing for clean energy projects.
“When you look around and you don’t have the money, then we keep wondering whether we will ever walk the journey of a real energy transition,” she said.

NEOM: Defending champions Brazil and UAE are through to the final of the NEOM Beach Soccer Cup 2024, after winning their last matches of the group stages against Japan and ��������Ƶ on Friday.

In group A, the UAE team succeeded in overcoming the Saudi side with a 6-5 result, raising their score to 9 points, while the Green Falcons finished with 2 points in last place.

In the same group, the German team achieved their first victory in the tournament, after defeating the English side 6-3, to rise to second place with 3 points, ahead of the Three Lions, who are in third place on goal difference.

Meanwhile, in group B, the South American side beat Spain comfortably 9-1, while Japan beat China 9-0. With these results, the Brazilian team topped the group with 9 points and reached the final for the third year in a row, followed by Spain with 6 points, Japan with 3 points, while the Chinese team came last in the group without any points.

The UAE team will play the final on Saturday night, against the Brazilian team, while the Spanish team will face the German side for third and fourth place.

The match for fifth and sixth place will bring together Japan and England, and the Saudi team will face the Chinese side in the contest for seventh and eighth place.

UAE defender Waleed Abdullah spoke to Arab News after the match against the hosts, ��������Ƶ.

“It is difficult to predict what will happen in the match,” he said. “The Brazilian team is very strong and ranked first in the world, and we have all respect for them. We will enter the match with high focus and do our best. In the end, it is an opportunity to face the world champion, and this is not the first time we compete with them.”

In the women’s group, a late goal from Brazilian striker Dani Barboza led to the team overcoming Ukraine 5-4 to reach the final against Spain, who put in a great performance and finished with a 4-1 victory over England.