International News
COP29: Climate Summit Faces Deadlock Over Vague Funding Proposals For Vulnerable Nations
As the 29th United Nations Climate Change Summit (COP29) nears its conclusion, tensions are rising over a newly published funding proposal aimed at assisting developing nations in addressing climate-induced crises.
The proposal, released by the United Nations Framework Convention on Climate Change (UNFCCC) on Thursday, has sparked widespread debate among delegations, activists, and observers at the summit.
The document, spanning ten pages, outlines funding options to support developing countries in implementing their Nationally Determined Contributions (NDCs) under the 2015 Paris Agreement.
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However, it fails to specify how much wealthier nations are required to contribute annually—a key sticking point that has drawn criticism from the Global South and climate advocates.
Ambiguity in Funding Commitments
Critics argue that the absence of concrete figures undermines the credibility of the proposed framework.
Mohamed Adow, Founder and Director of Power Shift Africa, described the proposal as “a blank piece of paper,” highlighting the lack of clarity on financial commitments.
“This is the ‘finance COP.’ We came here to talk about money. The way you measure money is with numbers. We need a cheque, but all we have right now is a blank piece of paper,” Adow remarked during an interview.
The Global South, led by African delegations, is demanding at least $1.3 trillion annually by the end of the decade to adapt to climate change impacts and transition to sustainable energy systems.
Yet, developed nations have yet to commit to a specific annual figure, raising concerns over the summit’s ability to deliver tangible outcomes.
Key Provisions and Concerns
The new text acknowledges the disproportionate impact of climate change on developing nations and the financial barriers they face, including high costs of capital and limited fiscal space.
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It proposes the establishment of a New Collective Quantified Goal (NCQG) for climate finance, suggesting a framework of “at least USD [X] trillion annually” from 2025 to 2035.
However, the absence of defined numbers has led to frustration among negotiators.
David Tong, Global Industry Campaign Manager at Oil Change International, emphasized the critical role of finance in achieving meaningful progress.
“Without finance, there is no phase-out [of fossil fuels], no energy transition, no adaptation. The ambitious options are simply missing,” Tong stated during a press briefing.
Rising Frustration from the Global South
Delegates from the Global South have expressed dissatisfaction with what they perceive as weak commitments from developed nations.
Many fear that without concrete financial pledges, the summit’s outcomes may fall short of expectations.
“This summit is about delivering justice to those who suffer most from climate impacts. Wealthy nations must step up and provide the necessary funding,” said an African negotiator, speaking on condition of anonymity.
A Critical Juncture
With less than 48 hours remaining in the summit, the stakes are high. The COP29 negotiations in Baku, dubbed the “finance COP,” are expected to set a precedent for addressing the financial needs of vulnerable nations.
Delegates are calling on world leaders to finalize an ambitious NCQG target and bridge the growing divide between developed and developing nations.
International News
Deadly Fire Engulfs Kenyan Girls’ School Dorm, 16 Confirmed Dead
A devastating fire has swept through a girls’ boarding school in central Kenya, leaving at least 16 students dead and dozens more injured in one of the country’s worst school tragedies in recent years.
The incident occurred in the early hours of Thursday at Utumishi Girls Academy, located in Nakuru County, roughly 120 kilometres north of Nairobi. Authorities said the fire broke out around 1:00 a.m. while about 220 students were asleep inside the dormitory.
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Emergency responders, including the Kenyan Red Cross and local security agencies, rushed to the scene and evacuated survivors.
At least 73 students have been hospitalised with varying degrees of burns and smoke inhalation, while rescue operations and search efforts continued into the morning.
Police sources said the cause of the fire remains unknown, and investigations have been launched to determine what triggered the deadly blaze.
The affected dormitory has since been cordoned off as forensic teams examine the scene.
Parents gathered anxiously outside the school as authorities worked to account for all students. Officials have urged calm, assuring that full details will be released once investigations are completed.
The tragedy adds to a troubling history of school dormitory fires in Kenya, where boarding schools remain common.
In previous years, similar incidents have raised serious concerns about safety standards and emergency preparedness in educational institutions.
Government officials are expected to revisit school safety regulations following the latest disaster.
International News
New US Strike on Iran Sends Oil Prices Soaring as Middle East Tensions Escalate
Global oil prices climbed sharply on Thursday following reports of a new United States military strike on Iran, raising fresh concerns over stability in the Middle East and possible disruptions to global energy supplies.
Brent crude rose significantly in early trading, while West Texas Intermediate also recorded gains as investors reacted to renewed hostilities and uncertainty around the fragile ceasefire in the region.
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According to reports, the latest US action included targeted strikes on Iranian positions following a series of drone and maritime incidents in and around the Strait of Hormuz.
The US military described its operations as “measured and defensive,” aimed at preventing further escalation and protecting strategic interests in the region.
The developments triggered immediate reactions across global financial markets, with Asian stocks mostly declining amid fears that prolonged conflict could disrupt oil shipments through the Strait of Hormuz — a critical route for nearly a fifth of global crude supply.
Market analysts warn that sustained instability could push energy prices even higher, fueling inflationary pressures worldwide and potentially forcing central banks to maintain tighter monetary policies.
In Asia, major indices recorded losses, while tech-driven gains in select markets were overshadowed by broader investor caution. Safe-haven assets strengthened slightly as traders moved away from riskier positions.
Economists say the situation remains highly volatile, with conflicting signals from Washington and Tehran adding to uncertainty.
Any further escalation, they caution, could send oil prices even higher and deepen global economic pressure.
For now, investors are closely watching diplomatic developments and military activity in the region, as the world braces for possible further shocks to energy markets.
International News
U.S. Issues Highest-Level Travel Warning for Uganda Over Deadly Ebola Outbreak
The United States has issued its strongest travel advisory against Uganda, warning citizens to completely avoid travel to the country due to an ongoing outbreak of Ebola virus disease.
In the updated alert, the United States Department of State upgraded Uganda’s travel status to Level 4, the highest risk classification, which is widely understood as a “Do Not Travel” warning.
The decision was based on serious health threats and the rapid spread of the virus in affected areas.
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Authorities also warned of the risk of cross-border transmission, noting that continued movement across neighbouring countries could worsen the situation despite ongoing containment efforts.
Previously, the Centers for Disease Control and Prevention had placed Uganda under a lower-level health advisory, advising travellers to take standard precautions.
However, a surge in infections and deteriorating conditions led to the tightening of restrictions.
Meanwhile, Ugandan authorities have stepped up emergency response measures, including stricter border surveillance, movement restrictions in affected zones, and reductions in public transportation and market activities in high-risk areas.
Health agencies remain on high alert as the outbreak continues to raise concern over possible regional spread across East Africa.





