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Content from COP29 Azerbaijan... As COP29 negotiators push for a breakthrough on global climate finance, the spotlight is on actionable solutions that drive transparency, accountability, and impact. Jochen Flasbarth, an influential figure at the summit, called for collaboration to address the financing gaps for developing nations while ensuring measurable outcomes. RS Metrics' AssetTracker and ESGSignals products can empower stakeholders with geospatial insights to evaluate climate risks, track emissions, and monitor progress — aligning with the principles of precision and accountability vital for climate finance. #ClimateFinance #COP29 #GeospatialData Explore more at: https://hubs.li/Q02YR6-d0

Content from COP29 Azerbaijan... As COP29 negotiators push for a breakthrough on global climate finance, the spotlight is on actionable solutions that drive transparency, accountability, and impact. Jochen Flasbarth, an influential figure at the summit, called for collaboration to address the financing gaps for developing nations while ensuring measurable outcomes. RS Metrics' AssetTracker and ESGSignals products can empower stakeholders with geospatial insights to evaluate climate risks, track emissions, and monitor progress — aligning with the principles of precision and accountability vital for climate finance. #ClimateFinance #COP29 #GeospatialData Explore more at: https://hubs.li/Q02YRjXN0

We are half-way through COP29 - so far there are new insights about the costs of inaction - if but still significant commitment and negotiation results outstanding. What’s the new insight? There was a new report issued that the annual commitment required for climate action would have to be $1.3 trillion from 2035 annually if countries fail to act now. A lot of countries are holding back on making big commitments at this point. There are some champions among countries and also companies. But more to be seen in the second week You can read more here https://lnkd.in/dec52ZhN #COP29

https://lnkd.in/geJxdWx4 The COP29 agreement is a reminder of the complexities and political challenges of addressing climate change. While it represents progress in some respects, it also highlights the need for more ambitious, equitable, and actionable solutions. The climate crisis demands nothing less than a transformative approach, one that aligns financial commitments with the scale of the challenge. For now, the world watches and waits to see if COP29’s promises will lead to meaningful change—or become just another missed opportunity.

Calling all climate and finance wonks, the "Finance COP" is here. This week, over 32,000 people are descending on Baku, Azerbaijan for #COP29, where the New Collective Quantified Goal (NCQG) on climate finance is topping the agenda. But what exactly is the NCQG, and why does it matter? Benjamin Attia predicts what we can expect (and hope for) in terms of climate progress coming out of COP29: https://lnkd.in/e7rEnXbd

In our recent video, our Early Believer Ambrish highlighted a crucial perspective: the economic advancement of developed nations often comes at the expense of developing countries, which serve as resource producers while developed countries act as resource consumers. This dynamic was further underscored at COP29, where global climate finance commitments once again fell far short of what was demanded and required. 🚨 https://lnkd.in/gBGT6d8u

COP29 Climate Talks in Baku Stalled Amid Finance Disputes and Political Grandstanding The ongoing COP29 climate conference in Baku, Azerbaijan, has hit a critical deadlock, with no significant progress made on transitioning from fossil fuels or agreeing on climate finance targets. This impasse jeopardizes the summit’s ambitions to chart a decisive global pathway toward combating climate change. A Critical Impasse The conference, dubbed the “COP of Finance,” #Baku #Climate #COP29 >>> Read more

The ongoing COP29 Azerbaijan summit is a crucial platform where countries unite to address the pressing issue of climate finance, essential in combating climate change effectively. What is COP? COP, short for "Conference of the Parties," signifies the countries that have ratified the UNFCCC UN (United Nations Framework Convention on Climate Change) treaty, signed by nearly 200 countries in 1992. Each year, the leaders convene to negotiate the best strategies to address the root causes of climate change. COP29, the 29th Conference of the Parties to the UN Framework Convention on Climate Change, is currently taking place in Baku, Azerbaijan, from November 11-22, 2024. This gathering brings together leaders from governments, businesses, and civil society to propose tangible solutions to the critical issue of climate change. The success of the United Nations climate summit heavily hinges on countries' agreements on funding commitments. It is imperative for wealthier nations, development institutions, and the private sector to pledge annual funding to combat climate change. As reported, economists stress that developing countries need a minimum of $1 trillion annually by the end of the decade to effectively confront the challenges posed by climate change. At the core of COP29 is a focus on finance, as trillions of dollars are essential for countries to significantly reduce greenhouse gas emissions and safeguard lives and livelihoods from the escalating impacts of climate change. Kate Abnett, Olesya Astakhova and Virginia Furness Reuters وزارة التغير المناخي والبيئة Ministry of Climate Change and Environment Masdar (Abu Dhabi Future Energy Company)

🌍 Did COP29 end with a good New Collective Quantified Goal decision? The authors of this ODI Global piece reflect on the establishment of the New Collective Quantified Goal (NCQG) for climate finance. What were the key sticking points? Is it likely to foster ambition, clarity, and cooperation? The piece delves into the decisions made, highlighting key takeaways and asking whether the NCQG sets the stage for meaningful progress or leaves gaps that need urgent attention. https://buff.ly/49dIWyA #COP29 #ClimateFinance #SustainableDevelopment #ClimateAction