King Carl Gustaf is on a state visit to Singapore and thinks it's worrying that no agreement has been reached in the climate negotiations at COP29 in Baku.
It's moving slowly forward in these issues, but it's moving far too slowly, he says to TT.
The biggest obstacle in this year's climate negotiations is about how much money the world's rich countries are willing to invest annually to support developing countries. The goal is a new sum, but when a first draft was presented on Thursday morning, none existed. This indicates a large gap between the countries.
Developing countries say they need around 1,400 billion dollars – and the rich countries say they are willing to pay a few hundred billion.
Independent experts have estimated that at least 1,000 billion dollars are needed to transition from fossil fuels to cleaner energy sources like solar and wind, adapt to the effects of climate change, and compensate for damages caused by extreme weather.
They're having a hard time agreeing, but they can't give up. It's about coming back and reworking these issues. Move the positions a little at a time, says King Carl Gustaf.
A new version of the draft is expected to be presented late Thursday evening or Friday morning.
