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Whispers of boost in climate finance goal to $300bn
As tension started to build in Baku for the end-game of the COP29 climate summit around midday, reports emerged that developed countries would be willing to raise their offer for the core of the new climate finance goal from $250 billion to $300 billion a year by 2035.
On Friday, the COP29 presidency released a draft text for a deal on the goal, known as the NCQG, with a number of $250bn a year by 2035, which provoked anger and dismay among developing countries, especially the African Group and small island states.
Sources with knowledge of the closed-door discussions told Reuters the European Union, the US, Australia and the UK had indicated they could accept the higher number.
Immediate reactions were not forthcoming from developing countries, who are discussing their strategy. But $300bn a year is only around half of what the G77 group of all developing countries have been seeking in government finance.
It’s also less than the $390 billion by 2035 that Brazilian environment minister Marina Silva proposed in a press conference late on Friday night. That figure is from a report by a UN-commissioned group of top economists.
Power Shift Africa campaigner and economics professor Fadhel Kaboub said $300 billion is “still not good enough”.
COP31 decision delayed, with Australia and Turkiye stalemate
Governments in the UN’s “Western Europe and Others group” have been unable to reach consensus on where to hold the COP31 climate summit in 2026.
Turkiye and Australia are both bidding for it and, despite a meeting between the two countries’ climate ministers last week, neither have backed down. The decision will now be made at the annual climate talks in Bonn in June or at the COP30 talks in November.
Australia wants to co-host the summit alongside at least one Pacific nation, with Adelaide and Sydney the most likely destinations. Turkiye is hoping to host it in the southern tourist hotspot of Antalya.
Australia will have national elections by May at the latest, before the Bonn talks in June. It is possible that the current centre-left government could lose power to a more right-wing government.
Thom Woodroofe, senior international fellow at Australia’s Smart Energy Council, said that “when Australia sets its diplomatic sights on big and important things, it can make them happen”. “Hosting a COP will help to focus Australia’s transition to a decarbonised economy and clean energy export superpower,” he added in a statement.
Bahar Ozay, coordinator of the Sustainable Development Solutions Network in Turkiye, said the country has good air transport links and that hosting COP31 will “create a significant and timely leverage” for the green transition. She added that Turkiye was “not an oil and gas exporter”.
Criticism has been levelled at recent COP host nations for their high levels of fossil fuel production and exports. Australia was the world’s largest exporter of liquified natural gas in 2021, according to BP’s statistical yearbook.
Turkiye wants to host COP31 in its tourism capital Antalya, which will be in its tourist off-season with temperatures of 10-20C (Flickr/ Naval S)
The post COP29 Bulletin Day 12: Reports of $300-billion climate finance offer appeared first on Climate Home News.
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With Love: Living consciously in nature
I fell flat on my backside one afternoon this January and, weirdly, it made me think of you. Okay, I know that takes a bit of unpacking—so let me go back and start at the beginning.
For the last six years, our family has joined with half a dozen others to spend a week or so up at Wangat Lodge, located on a 50-acre subtropical rainforest property around three hours north of Sydney. The accommodation is pretty basic, with no wifi coverage—so time in Wangat really revolves around the bush. You live by the rhythm of the sun and the rain, with the days punctuated by swimming in the river and walking through the forest.
An intrinsic part of Wangat is Dan, the owner and custodian of the place, and the guide on our walks. He talks about time, place, and care with great enthusiasm, but always tenderly and never with sanctimony. “There is no such thing as ‘the same walk’”, is one of Dan’s refrains, because the way he sees it “every day, there is change in the world around you” of plants, animals, water and weather. Dan speaks of Wangat with such evident love, but not covetousness; it is a lightness which includes gentle consciousness that his own obligations arise only because of the historic dispossession of others. He inspires because of how he is.
One of the highlights this year was a river walk with Dan, during which we paddled or waded through most of the route, with only occasional scrambles up the bank. Sometimes the only sensible option is to swim. Among the life around us, we notice large numbers of tadpoles in the water, which is clean enough to drink. Our own tadpoles, the kids in the group, delight in the expedition. I overhear one of the youngest children declaring that she’s having ‘one of the best days ever’. Dan looks content. Part of his mission is to reintroduce children to nature, so that the soles of their feet may learn from the uneven ground, and their muscles from the cool of the water.
These moments are for thankfulness in the life that lives.

It is at the very end of the walk when I overbalance and fall on my arse—and am reminded of the eternal truth that rocks are hard. As I gingerly get up, my youngest daughter looks at me, caught between amusement and concern, and asks me if I’m okay.
I have to think before answering, because yes, physically I’m fine. But I feel too, an underlying sense of discomfort; it is that omnipresent pressure of existential awareness about the scale of suffering and ecological damage now at large in the world, made so much more immediately acute after Bondi; the dissonance that such horrors can somehow exist simultaneously with this small group being alive and happy in this place, on this earth-kissed afternoon.
How is it okay, to be “okay”? What is it to live with conscience in Wangat? Those of us who still have access to time, space, safety and high levels of volition on this planet carry this duality all the time, as our gift and obligation. It is not an easy thing to make sense of; but for me, it speaks to the question of ‘why Greenpeace’? Because the moral and strategic mission-focus of campaigning provides a principled basis for how each of us can bridge that interminable gulf.
The essence of campaigning is to make the world’s state of crisis legible and actionable, by isolating systemic threats to which we can rise and respond credibly, with resources allocated to activity in accordance with strategy. To be part of Greenpeace, whether as an activist, volunteer supporter or staff member, is to find a home for your worries for the world in confidence and faith that together we have the power to do something about it. Together we meet the confusion of the moment with the light of shared purpose and the confidence of direction.
So, it was as I was getting back up again from my tumble and considering my daughter’s question that I thought of you—with gratitude, and with love–-because we cross this bridge all the time, together, everyday; to face the present and the future.
‘Yes, my love’, I say to my daughter, smiling as I get to my feet, “I’m okay”. And I close my eyes and think of a world in which the fires are out, and everywhere, all tadpoles have the conditions of flourishing to be able to grow peacefully into frogs.
Thank you for being a part of Greenpeace.
With love,
David
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