illuminem summarizes for you the essential news of the day. Read the full piece on POLITICO or enjoy below:

🗞️ Driving the news: German Chancellor Olaf Scholz has withdrawn from COP29 in Azerbaijan following the collapse of his three-party coalition government, triggering early elections in Germany
• Scholz joins a growing list of world leaders, including U.S. President Joe Biden, Canada’s Justin Trudeau, and France’s Emmanuel Macron, who will not attend the summit

🔭 The context: COP29, a key climate summit, aims to advance financial commitments to help developing nations tackle climate challenges
• However, global attendance is low, as political crises in Germany, ongoing EU hearings, and Trump’s recent re-election in the U.S.—with plans to withdraw from the Paris Agreement—have reshaped participation

🌍 Why it matters for the planet: Reduced leadership presence at COP29 could weaken international commitments to finance climate adaptation and mitigation in vulnerable countries, hindering progress toward equitable climate resilience

⏭️ What's next: Germany is now headed for early elections, with implications for future climate policy, while COP29 negotiators face challenges in securing strong agreements without major leaders present. Trump’s U.S. climate policy shift may also influence other countries' stances

💬 One quote: “The chancellor will not travel to the COP29” – German government spokesperson after the coalition’s collapse

📈 One stat: Leaders from at least seven major countries have opted out of attending COP29

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