Climate Action Against Disinformation’s Post

#COP29 concluded in Baku this weekend with a deal. What happened and what needs to happen next? 👉 The main objective of COP29 was to deliver a new finance goal to support developing countries to reduce their emissions and adapt to the climate crisis, and to pave the way to countries’ new climate pledges expected next year. 👉 It did (eventually) close with a deal on the New Collective Quantified Goal, but this figure remains insufficient to meet the needs of those countries most vulnerable to climate change. 👉 Last year, we celebrated the historic pledge from countries at COP28 to ‘transition away’ from fossil fuels. But this time, the plan to turn this ambition into action was pushed back to next year’s summit in Brazil. 👉 Despite the frustrations shared at the end of the COP on these two critical priorities, COP29 saw some progress. After nearly a decade of negotiations, COP29 reached agreement on carbon trading under Article 6 of the Paris Agreement. Mexico, Latin America’s second-largest emitter, announced it will set a target to reach net zero by 2050. 25 countries and the EU announced plans to include a pledge for ‘no new unabated coal power’ in their next climate plans (NDCs). More than 30 countries representing nearly 50% of global methane emissions signed up to a new declaration to set targets in future NDCs on reducing methane from organic waste.    Read our full analysis here 👇