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🌍 COP29: A Step Forward or Just More Talk? The COP29 UN climate summit in Baku has concluded. Here’s a run down of the key outcomes: 1️⃣ Carbon Trading Framework: A framework for Article 6 of the Paris Agreement was agreed, paving the way for a global carbon removal (CDR) market. This is major news: Countries will be able to create export markets and revenue streams for carbon removal. 2️⃣ Climate Finance: Developed nations committed to $300B annually for developing countries by 2035—far below the $1.3T many had hoped for. 3️⃣ Fossil Fuels: Agreement on phasing out fossil fuels was deferred to COP30 in Brazil, leaving critical decisions unresolved. The Takeaway The Article 6 framework is sending a clear message: There will be a global market for carbon dioxide removal (CDR), finally providing some certainty around global carbon markets and the direction policy makers are going to swing, but some of the execution remains uncertain and this year's COP has ended with a fair share of controversies, forced outcomes and disappointments. #COP29 #ClimateAction #Sustainability #NetZeroFuture

❓ COoPeration or COP out? 🤨 What I'm looking for in this final week of COP29: Thanks for all the conversations on my last post. I think the overall sentiment was one of skepticism over the efficacy of COPs, particularly when they are hosted by Oil&Gas countries. The jury is still out for me... so here are 3 (maybe 4) things I am looking for COP delegates to finalise this week: 1️⃣ Finalising Climate Finance Goals The $1 trillion annual New Collective Quantified Goal (NCQG) remains under negotiation. Will developed and developing nations bridge their differences to establish a clear, actionable framework supporting vulnerable countries? Success here could significantly impact global climate equity and trust. 2️⃣ Stronger Commitments from Major Emitters As the spotlight intensifies, there's hope that countries like the U.S., China, and India will announce enhanced Nationally Determined Contributions (NDCs) or other significant measures to curb emissions. These commitments are critical to closing the gap between current trajectories and the Paris Agreement goals. However, commitments are just that and what we are all truly looking for is proof of reduced emissions from these commitments, however ambitious they might be... 3️⃣ Debates on Fossil Fuels and Phasing Out Growing criticism over oil and gas deals at COP29 puts pressure on negotiators to address fossil fuel subsidies and phase-outs more decisively. Expect heated debates on this issue, which could shape global energy policies and set the tone for future COPs. At COP28 last year we were left underwhelmed by intense weeks of negotiations resulting in a last minute "cop out" of the doctrine changing the term "phasing out" to "phasing down"... will this year be any different? 4️⃣ Update on the Loss and Damage Fund As Climate Change causes more natural disasters, it is estimated that up to 1.2 billion people will be displaced by 2050. The Loss and Damage fund is essential in safeguarding these climate refugees. Sweden has pledged an additional ~$19 million, bringing total commitments to over $720 million. This fund aims to provide critical support to those impacted by the devastating consequences of climate change. The second week of COP29 will be pivotal in determining whether this summit can deliver on its promises or fall short of expectations. Stay tuned! 🌱 #COP29 #ClimateAction #Sustainability #Treefera #ClimateFinance #Collaboration #NetZero

🌍 COP29: Progress Amid Controversy The 29th UN Climate Change Conference (COP29) concluded in Baku, Azerbaijan, with a mix of progress and challenges: ✅ Key Outcomes: ▪️ A $300B/year climate finance deal for developing nations by 2035 is significant but falls short of the $1.3T requested. ▪️New global carbon market rules under Article 6, enable international carbon credit trading. ▪️Renewed focus on phasing out fossil fuels, though timelines remain debated. ❗ Controversies: ▪️Azerbaijan's role as host sparked criticism due to its heavy reliance on fossil fuels and human rights concerns. ▪️The presence of fossil fuel lobbyists—outnumbering some delegations—raised eyebrows about their influence. ▪️While COP29 made strides in climate finance and collaboration, it underscored the complexities of global negotiations. The road ahead is challenging, but every step counts. 💬 What are your thoughts on COP29? Are we moving fast enough to address the climate crisis? Let’s discuss it! #COP29 #ClimateAction #Sustainability #COP29Azerbaijan

It’s been an honor to attend COP29, held in Baku, Azerbaijan, and witness firsthand the evolving Global dynamics. The market trends showcased here reflect the world’s growing focus on sustainable solutions, but they also underscore the challenges we face in achieving true climate justice. As I reflect on this, I can’t ignore the absence of key global players. Nations like the U.S., EU, and others have chosen not to participate this year, and even Papua New Guinea has called COP29 a "total waste of time" due to unmet promises. For small island nations already suffering the worst impacts of climate change, the lack of action is more than frustrating, it's a matter of survival. This year has been dubbed the "finance COP," but without the leadership and unity needed, there’s a risk these goals will remain just words. Another shortcoming; although developing nations have consistently emphasized the need for at least $1.3 trillion annually to address climate adaptation, loss and damage, and the just transition, the latest proposal at COP29 falls significantly short. The New Collective Quantified Goal (NCQG) outlines a figure of $250 billion per year by 2035. This stark reduction not only undermines the scale of funding required but also shifts much of the burden onto private financing, often in the form of loans. The disparity between the stated needs of developing nations and the offered resources left a question mark on global accountability and fairness! #cop29 #climatechange #azerbaijan

As COP29 begins this week, controversies loom over fossil fuel investments 🌍 As the COP29 conference kicks off in Baku, Azerbaijan, the world is watching closely. This year's summit, often called the “Finance COP,” is supposed to push forward critical and much needed climate funding. However, recent revelations raise concerns about fossil fuel priorities within the conference itself. Global Witness, an NGO, uncovered that COP29 CEO Elnur Soltanov, who is also Azerbaijan’s Deputy Minister of Energy, was recorded discussing new investments in “gas fields that are to be developed.” This has sparked fresh worries about fossil fuel interests potentially overshadowing climate goals and is definitely not a good look for COP29 as it heads into the conference. 🤔 At last year’s COP28, UN Secretary-General António Guterres stressed that we cannot achieve the 1.5°C target without phasing out fossil fuels entirely. Yet, the COP29 agenda focuses on collecting climate finance from fossil fuel companies rather than outlining a clear path to phase down their use. Will the conference shift from talk to real climate action, or will fossil fuel investments continue to cloud our climate future? 🌱 Sustainable Futures Group | SFG

OUT NOW 🆕 📣 🗞️ 🔥 ! Our take on the final outcomes of COP29 Azerbaijan: 'Five critical issues still left hanging after an underwhelming UN climate summit in Azerbaijan.' Professor Priti Parikh FICE, Mark Maslin & I discuss some of the key takeaways: 1. 🤑 Where's the money? It's supposed to be the finance COP! 2. 🇨🇳 🇺🇸 🇮🇳 China steps up, US says goodbye and India stays at home 3. ⛽ 🛢️ Saudi Arabia tries to wreck the party 4. 🚮 🌬️ Methane commitments 5. 👧 Universal youth clause As usual, these COPs have the good, the bad and the ugly ... READ: https://lnkd.in/ekdNzh5V #climatechange #fossilfuels #COP29 #netzero #netzerotransition

COP29: Good or Bad?  A Disappointment or a Step Forward? COP29 in Azerbaijan wrapped up with mixed outcomes, sparking debate about whether it marked progress or missed opportunities. Negotiations delivered $300 billion in climate finance for vulnerable nations—a notable sum but far short of the $1.3 trillion experts recommend. Leadership absences and fossil fuel advocacy by Azerbaijan’s president added to the challenges, leaving many frustrated. Yet, there were wins worth celebrating: Global Carbon Credit Market: Delegates agreed on a U.N.-backed framework to enhance carbon credit integrity, paving the way for more effective offsets. Climate Transparency: Eight nations submitted the first Biennial Transparency Reports (BTRs), a milestone for holding countries accountable. High-Emitting Sectors: Focused guidance for industries like steel and cement offered hope for targeted emission reductions. As we look ahead to COP30, the world needs more ambitious funding and leadership. COP29 showed incremental progress is possible—but the fight against climate change demands much more. What’s your take? Let’s discuss. 🌍 #Sustainability #COP29 #Leadership

Feeling deflated by the recent COP29 negotiations? You’re not alone. Here’s our optimistic twist on the latest turn of events, and some actions you can take. As hard as it can be to reach consensus among almost 200 nations, the public response appears to be unanimous: the outcome was underwhelming. COP29 centred around two big fights: fossil fuels and finance. 💵 As the gavel came down, it was clear that while climate finance from wealthy nations to support the resilience of developing countries has increased, it remains insufficient to rise to the challenges ahead. So how to stay positive as the “trillions not billions” protests continue? The past three COPs have taken place in petrostates. The result? Increased global awareness of the role fossil fuels play in climate change, and an unparalleled pragmatic approach towards what it will take to transition the planet to clean energy, both efficiently and fairly. This helps set the stage for Brazil 2025, which promises to be the most impactful COP since Paris. It is not the end for what UN Secretary General António Guterres called in his opening address, “a story of avoidable injustice”. As Tina Stege, the Marshall Islands’ climate envoy, explained as this COP came to a close: “It’s a start”. While we should look confidently to Brazil to surprise the world, we can't wait for or rely on the next COP to make bold decisions: 🔸 What actions are you taking in the run up?  🔸 Do you have a decarbonisation plan in place?  🔸 Is there anything you could do to accelerate the pace?  🔸 For example, is your team climate and carbon literate? Let us know. We'd love to hear what positives are you taking from COP29 below. 👇

🌍 The Global South’s Pyrrhic Victory at COP29 The final session of COP29 in Baku felt more like a fractured truce than a triumph. A late-night compromise pushed through the $300 billion annual climate finance goal for developing nations by 2035—met with a standing ovation, followed by fierce criticism. India led the charge, calling the sum “paltry” and accusing wealthy nations of shirking their responsibility to help the Global South grow sustainably while combating the climate crisis. Many developing nations echoed this frustration, lamenting the rushed process that left little room for dissent. Beyond finance, the summit saw deep divides: 🔹 Energy Transition: Saudi Arabia blocked progress on phasing out fossil fuels, deferring discussions to mid-2025 in Bonn. 🔹 Gender in Climate Policy: A renewal of the gender programme was watered down due to opposition from socially conservative nations. 🔹 Carbon Markets: New rules were finally agreed after a decade of debate but drew sharp criticism for weak scrutiny over emissions reductions. As the world looks ahead to COP30 in Brazil, hope remains that multilateral action can rebound. But for now, the atmosphere feels far from celebratory—a reminder of the growing challenges in uniting the world on climate action. #ClimateFinance #COP29 #ClimateJustice #GlobalSouth #ClimateAction

Not long to go until we’re back with our daily coverage for COP29 🗓️This year’s event takes place in Baku, Azerbaijan from 11-22 November. Last year’s event saw some notable achievements - for the first time ever, the final agreement called on countries to ‘transition away’ from fossil fuels and on the opening day a dedicated loss and damage fund was officially set-up to support those nations most vulnerable to the effects of climate change. However many were critical of the final text for not going far enough, and of the Presidency for declaring a consensus on the final text before all countries were aligned with it. Here’s a heads up on what we’re anticipating this year… 🇦🇿 Controversy surrounding this year’s host country, Azerbaijan, as Oil and Gas make up 92.5% of the country’s GDP per capita. 💰 A strong focus on climate finance, with COP29 being coined the Finance COP. Disappointingly, Nature and Biodiversity and Oceans and Coastal Zones appear to be taking more of a back seat, as those topics are scheduled for the final day before negotiations. 🤔 Attendance from figures such as Ed Miliband, the newly appointed Secretary of State for Energy and Net Zero, but with the US election just five days before COP29, the President is unlikely to be there. We’ll have our ears to the ground the entire time to keep our community up to date with how everything unfolds. Stay tuned... You can check out our full ‘What to expect at COP29’ blog for more detail: https://hubs.la/Q02Sk8FY0 #ForOurPlanet #ClimateAction #ClimateSolutions #Sustainability #GreenerBusiness #COP29 #COP