Roland Kulke’s Post

#COP29 has come to an end. The results on financing issues in particular fall well short of the expectations of developing countries and can be considered a disappointing outcome. Nevertheless, there was an agreement on #Article6 of the Paris Climate Agreement after 9 years of negotiations. In order not to further delay the implementation of a UN-backed mechanism to establish and link carbon markets across the world, compromises were also made here. It remains to be seen how the operationalization will be implemented by the UN supervisory body and whether this will result in a relevant lever for long-term reduction of global greenhouse gas emissions.

BLOG | #COP29 COP29 concluded with significant yet contentious outcomes that highlight the complexities of global #climatediplomacy. Among the key achievements was the finalization of Article 6 of the #ParisAgreement, a landmark framework governing international #carbonmarkets. While heralded by some as a breakthrough for international cooperation, critics caution against the potential pitfalls of these markets, particularly in their current form. These developments, alongside ongoing debates over #climatefinance and fossil fuel transition, underscore the urgent need for bold, equitable, and enforceable climate action. More here 👇 #ClimateAction #Baku #SDGs

Climate negotiations in Baku this November are set to attract less attention from businesses and world leaders compared to COP28 in Dubai last year, however there are still some very important agenda items on the table including climate finance and Article 6. For anyone wishing to discuss more about COP29 and what it means, do reach out!

🗣️"The UN climate talks have delivered more collective agreements in the last two decades than any other multilateral process. They have mobilised billions, driven new policy-making and new government targets around the world, unlocked a swathe of investment and business action. But carbon emissions continue to go up, and we need to do more." CISL Chief Systems Change Officer, Eliot Whittington, unpacks the #COP29 outcomes in our latest blog - which some describe as an important breakthrough while others call a betrayal of promises - in a year of intense political upheaval with a rise of nationalism. What is certain is that we need to be doing more globally and collaboratively. 📖Read the blog here: https://lnkd.in/eSRFt7-u #CISLCOP29 #COP29Baku

Insights from Carbon Brief on unilateral trade-related climate measures at COP29: Response measures In summary, at COP29 in Baku, countries agreed on a four-year work plan (2026-2030) to discuss the impacts of carbon-cutting policies, known as "response measures." This plan includes addressing the "cross-border impacts" of climate measures, such as the EU's carbon border adjustment mechanism (CBAM). It marks a significant step as trade-related climate measures now have a formal space in UN climate talks. Negotiations were challenging, with debates over the balance of positive and negative impacts. Ultimately, the term "cross-border impacts" was chosen over "unilateral measures". Check it out at: https://lnkd.in/eH3PSQyt

As climate change threatens the world with unprecedented environmental and social risks, Transparency International and the Anti-Corruption Data Collective caution that corporate interests may be undermining global climate action. Their latest report, ‘COP Co-Opted? How Corruption and Undue Influence Threaten Multilateral Climate Action’, exposes the potential for corporate and fossil fuel interests to influence the upcoming COP29 climate summit in Baku, Azerbaijan. Read more: https://lnkd.in/g38tXkES #FossilFuel #COP29 #AntiCorruption #Transperancy #Azerbaijan

Developed nations have agreed to help channel “at least” $300bn a year into developing countries by 2035 to support their efforts to deal with climate change. However, the new climate-finance goal – agreed along with a range of other issues at the COP29 summit in Baku, Azerbaijan – has left developing countries bitterly disappointed. They were united in calling for developed countries to raise $1.3tn a year in climate finance. In the end, negotiators agreed on a looser call to raise $1.3tn each year from a wide range of sources, including private investment, by 2035. https://lnkd.in/ehwcBMXq

As #COP29 comes to an end in Baku, we must already start to look ahead to COP30 to revive trust and confidence in the COP process and that we can collectively turn the tide on the climate crisis...

As COP29 comes towards it end in Baku, increasing concerns about its effectiveness have surfaced. Despite some progress, notably in climate finance mechanisms and global solidarity levies aimed at supporting developing countries, leading climate policy experts argue that the process is becoming unfit for purpose. Influential figures, including Ban Ki-moon and Christiana Figueres, emphasize the need for reforms, such as hosting future COPs only in countries that demonstrate genuine support for climate action. The overwhelming presence of fossil fuel lobbyists further diminishes the conference's focus on the just transition needed to address the climate crisis. While proposals like the introduction of new levies and a push for fiscal justice show promise, the slow movement on key financial agreements indicates that significant changes are needed to ensure COP truly advances from negotiation to implementation. #ClimateAction #COP29 #SustainableFuture #ClimateJustice https://lnkd.in/e6mBvCvJ

Sao - thank you Benar News- Sera Sefeti for allowing me to update and share our Pacific climate diplomacy here in BAKU. In awe and grateful for our Pacific journalists covering our stories and perspectives at COP spaces. Vinaka https://lnkd.in/g27YE9UG Trump win, 1.5 C warming breach weigh on UN COP climate finance talks Pacific nations want clear commitments at COP29 on loss and damage funds for climate adaptation from high-emitters. Sera Sefeti 2024.11.10 Baku, Azerbaijan Share on Facebook Pacific delegates fear the implications of a Trump presidency and breach of the 1.5 degree Celsius warming target will overshadow negotiations on climate finance at the U.N.’s annual COP talks starting in Azerbaijan this week. At the COP29 summit – dubbed the “finance COP” – Pacific nations will seek not just more monetary commitment from high-emitting nations but also for the funds to be paid and distributed to those countries facing the worst climate impacts. With the U.S. as one of the world’s largest emitters, it is feared Trump’s past withdrawal from the Paris Agreement could foreshadow diminished American involvement in climate commitments. “We have our work cut-out for us. We are wary that we have the Trump administration coming through and may not be favorable to some of the climate funding that America has proposed,” Samoan academic and COP veteran Salā George Carter told BenarNews. “We will continue to look for other ways to work with the U.S., if not with the government then maybe with businesses.” This year, for the first time, a COP President’s Scientific Council has been formed to be actively involved in the negotiations. Carter is the sole Pacific representative. Past COP funding promises of U.S.$100 billion annually from developed countries to support vulnerable nations “has never been achieved in any of the years,” he said. About 40,000 delegates will attend COP29 from all the U.N. member states including political leaders, diplomats, scientists, officials, civil society organizations, journalists, activists, Indigenous groups and many more. All nations are party to the 1992 United Nations Framework Convention on Climate Change (UNFCCC) and most signed up to the 2015 Paris Climate Agreement and the 1.5 degree target. Pacific Islands Forum Secretary General Baron Waqa in a statement on Monday said “the priorities of the Pacific Islands countries, include keeping the 1.5 degree goal alive.” “The outcomes of COP 29 must deliver on what is non-negotiable - our survival,” he said. ANU College of Asia & the Pacific ANU Institute for Climate, Energy & Disaster Solutions