Cop29 Begins In Baku, Spotlight On Climate Finance And Global Goals

by THEFUTURE.TEAM

November 12, 2024

The UN Climate Conference COP29 has commenced in Baku, with leaders from nearly 200 nations gathering to evaluate progress and renew commitments under the Paris Agreement. This year, financial strategies to support developing nations in addressing climate change are expected to take centre stage.

Key Focus Areas

Discussions will focus on limiting global warming to 1.5°C and ensuring financial support for climate action. Wealthier nations, including the US, Japan, and EU members, pledged $100 billion in annual aid to developing nations, though this target, set to expire, has only occasionally been met. Developing countries seek up to $1 trillion in annual support, but industrialized nations aim to share costs with other major emitters like China and Gulf countries.

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Financial Negotiations

The conference is expected to yield new funding targets, sourced from state budgets and international institutions, along with possible mechanisms like fossil fuel taxes. Developed countries have so far favoured loans over direct aid, but the pressure is mounting for increased grants and alternative funding options.

Challenges Ahead

The potential impact of Donald Trump’s return to the White House has raised concerns, with sources indicating a possible US withdrawal from the Paris Agreement and renewed support for fossil fuel development. These factors could complicate negotiations on carbon reductions and clean energy transitions.

Continued Investments

Last year’s COP28 in Dubai marked an important step with countries agreeing to transition away from fossil fuels in energy systems. Clean energy investments have surged to nearly $2 trillion in 2023, yet fossil fuel investments also persist, particularly in coal, with over 50 GW of new coal plants approved in 2023 alone.

As talks unfold, leaders face pressure to secure greater financial commitments and accelerate the shift toward sustainable energy sources.

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Only 1% Of Cyprus Farms Use Precision Farming Technologies

by THEFUTURE.TEAM

July 24, 2026

Cyprus remains one of the European Union’s least digitised agricultural economies, with just 1% of farms using precision farming technologies in 2023, according to Eurostat.

The findings come as the EU continues to encourage the adoption of digital tools aimed at improving agricultural productivity, efficiency and sustainability.

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Internet Access Expands, But Digital Uptake Lags

Internet access has improved across the bloc, although adoption remains uneven. Eurostat found that 43% of EU farms had internet access in 2023, with northern and central European countries leading the way.

Denmark, Germany, Slovakia, Latvia, the Czech Republic and Austria all reported internet access rates above 90%.

Greater connectivity, however, has not translated into widespread digital adoption. Farm management information systems, which help farmers manage day-to-day operations, were used by only about 11% of EU farms. France was a notable exception, with around 60% of farms using the technology.

Precision Farming Concentrated In Larger Operations

Robotics adoption also remained relatively limited, with only about 7% of EU farms using robotic technologies. Overall, around 18% of farms with utilised agricultural area employed at least one precision farming technology or practice in 2023.

These included robotics for plant protection, band spraying, variable-rate application, precision crop monitoring and soil analysis. Despite representing fewer than one in five farms, these holdings accounted for around 44% of the EU’s utilised agricultural area.

The figures suggest that precision farming remains concentrated among larger agricultural businesses, where investment in digital technologies is typically easier to support.

Cyprus Lags Behind EU Leaders

Luxembourg, Finland and Estonia recorded the highest shares of utilised agricultural area managed by farms using precision farming technologies, each exceeding 75%.

At the other end of the ranking, Cyprus recorded just 1%, while Greece and Romania reported between 10% and 15%. The results indicate that Cyprus remains at an early stage of digital adoption in agriculture, even as precision farming becomes more widespread across parts of the European Union.

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