Paris agreement is working, Australian minister tells Cop29, but much deeper cuts needed by 2035

Chris Bowen also pledges A$50m to a fund to help the world's most vulnerable people to repair the damage from climate breakdown

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The Australian climate change minister, Chris Bowen, has declared the landmark Paris agreement is working" as it had brought the world back from the brink of catastrophic 4C warming", but argued countries must set the most ambitious emissions targets possible for 2035 to limit worsening global heating.

Giving Australia's national statement on the conference floor at the Cop29 summit in Azerbaijan, he also pledged A$50m (US$32.5m) towards a global loss and damage fund to help the world's most vulnerable people to repair the damage from climate breakdown. The funding was welcomed by climate campaigners, who said it was the right thing to do".