ClimeFi’s Post

What an inspiring initiative! 🌍👏 The Global 1000 #CDR Challenge is a bold step toward scaling permanent carbon removal and addressing our climate crisis head-on. Encouraging the world's largest companies to commit to action creates not just accountability but also innovation and collaboration. 🚀 Big kudos to ClimeFi (formerly CarbonX) and for spearheading this at #COP29 – it’s solutions like these that drive real impact. Let’s hope the leaderboard fills up fast with game-changing commitments. Who else is ready to make bold moves for a sustainable future? 💡🌱 #Global1000CDRChallenge #ClimateAction #CarbonRemoval #Sustainability #COP29 #Innovation

Since we are headed to COP29, what has so far been achieved in previous meetings? Last year was a pivotal one, because it was the year of the global stocktake, and it also resulted into a consensus to "transition away from fossil fuels." What else happened and what came out of COP28? I wrote a post on it: #cop28 #cop29 #climatechange #climateaction #fossilfuels #actonclimate #uaeconsensus https://lnkd.in/dg8xqGs3

In this new article, my colleague Michael Fulton separates the signal from the noise in relation to #COP29 and the significant outcome for carbon markets. Please let us know your views in the comments!

#COP29 has delivered a historic outcome for #carbon markets. After almost ten years in the making, the final building blocks of the market based mechanisms of the Paris Agreement have been agreed upon. In the latest insights piece from Energex Partners, Michael Fulton reflects on this significant milestone achievement and explains why it is important for the next phase of international carbon markets. #COP29 #CarbonTrading #Article6 https://lnkd.in/du8ZEC2H

🔴The COP29 Agenda is Now Live!   We are pleased to announce that the agenda for #COP29, scheduled for 📅November 11–22, 2024, in Baku, Azerbaijan, is now available! Join us as we address essential climate topics, including:   ➡️GCC 2.0: Unveiling our next-generation framework, portal, and registry ➡️ Advancing Article 6.2 Operationalization through Interoperable National Registry Solutions ➡️Contribution Credits – exploring solutions for raising finance to address scope-3 emissions ➡️Digital MRV Systems and Nature-based Solutions – advancing scalable, sustainable impact ➡️Innovations in Carbon Capture and Storage – paving the way for a sustainable future ➡️Learn on Article 6.2 financing for coal phase out   Explore the lineup and mark your calendars for impactful discussions as we work together for a sustainable future.   👉View the Agenda: https://lnkd.in/dFQrxjsx   #Article6 #CarbonMarket #ClimateAction #NetZero #GCCatCOP29 #COP29Azerbaijan #Baku Kishor Rajhansa Amit Thusu Hemant Nandanpawar subhendu Biswas Wojciech Galinski Joseph Prakash Hussam Othmany

As COP29 Azerbaijan came to a close in the early hours of this morning, we examine the role of the UK in the final outcome. While the overall agreement fell short on what was hoped, the UK’s Nationally Determined Contribution (NDC) announcement in week one by PM, Keir Starmer, and Department for Energy Security and Net Zero - of an 81% decrease in economy-wide greenhouse gas emissions by 2035 - has set it on its path to net zero, encouraging other countries to follow suit with ambitious statements.  Our UK Corporate Leaders Group Director, Beverley Cornaby, explores what this means for UK climate leadership. “At a time when global climate leadership was desperately needed and the overarching COP29 outcome - particularly on finance - is disappointingly unambitious, the UK has shown it is back as a global climate leader. As one of just a few parties that came forward early with an enhanced, 1.5-aligned NDC target, the UK has set a high bar for others to follow. However, for the UK to firmly regain its position as a climate leader, it also needs to deploy action, and fast.  “The announcements the UK made during COP29 show how it is ensuring implementation happens via the alliances and initiatives it is leading or part of. This includes launching the Global Clean Power Alliance and signing the Global Energy Storage and Grids Pledge. As well as financial pledges of over £300m new support for poorer countries. “The UK has demonstrated that even if the COP process does not produce an ambitious outcome, it is still possible for strong leadership at a national level to support global goals. Over the coming months, pressure is needed for more of the parties to come forward with ambitious and investable NDCs. As governments will not be able to deliver these alone - with the need for the private sector to be on board - these should set out the critical role of business and unlocking private investment in supporting that implementation.”    #CISLCOP29 #UKAtCOP29 #BusinessLeadership

🎯 Key Outcomes from COP29 in Baku 🎯 As COP29 is nearing its conclusion, here are some key highlights: 🤝💰 𝐍𝐞𝐰 𝐂𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐯𝐞 𝐐𝐮𝐚𝐧𝐭𝐢𝐟𝐢𝐞𝐝 𝐆𝐨𝐚𝐥 (𝐍𝐂𝐐𝐆): Aiming to boost climate finance, this framework focuses on resources for mitigation, adaptation, and loss-and-damage measures, especially for vulnerable nations. ⚡️🌱 𝐅𝐨𝐬𝐬𝐢𝐥 𝐅𝐮𝐞𝐥 𝐒𝐮𝐛𝐬𝐢𝐝𝐲 𝐑𝐞𝐟𝐨𝐫𝐦: Discussions intensified around phasing out fossil fuel subsidies, which reached $1.7 trillion globally in 2022. The goal is to redirect these funds towards renewable energy initiatives. 📈🌏 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐞𝐧𝐢𝐧𝐠 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐂𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭𝐬: As nations prepare to update their Nationally Determined Contributions (NDCs) by February 2025, COP29 has highlighted the urgency of enhanced climate commitments. ✊🌈 𝐂𝐥𝐢𝐦𝐚𝐭𝐞 𝐉𝐮𝐬𝐭𝐢𝐜𝐞 𝐚𝐧𝐝 𝐄𝐪𝐮𝐢𝐭𝐲: The conference emphasized integrating gender and human rights into climate action, ensuring marginalized communities are included in decision-making. While progress has certainly been made, the journey ahead remains challenging. The outcomes of COP29 lay the groundwork for future negotiations and highlight the need for continued collaboration for a sustainable future. #COP29 #ClimateAction #Sustainability #RenewableEnergy

🌍 Honored to represent Türkiye at COP29 in Baku! At this pivotal summit, global leaders are uniting to address urgent climate challenges. Türkiye is stepping up with a strong delegation, including ministers and high-level officials, joining over 80 presidents from around the world in a collective commitment to climate action. Türkiye has already submitted its long-term climate strategy to the UN, marking a significant stride toward sustainability. Our strategy focuses on reducing emissions, advancing renewable energy, and building resilience against climate impacts. Global Carbon Market Agreement: Late last night, negotiators finalized an agreement to initiate a global carbon market operated by the UN, set to become the “gold standard” for carbon credit trading. This mechanism will support large-scale funding for emissions reduction projects in developing countries, helping nations and companies meet their carbon reduction targets. As carbon markets grow, we hope this agreement will accelerate emissions trading initiatives in Türkiye, boosting transparency and impact in our efforts to reduce emissions. Proud to be accredited on behalf of Türkiye and to contribute to these crucial discussions. Together, we can drive meaningful change! 🌱 #Cop29 #ClimateAction #GlobalCarbonMarket #CarbonCredits #UNClimateChange #İklimKanunu #Türkiye

COP29: A Step Forward, But More is Needed COP29 in Baku, Azerbaijan, marked progress in climate negotiations, but significant challenges remain. Key achievements include: Climate Finance:A proposed $250 billion annual goal to support developing nations in addressing climate change. Fossil Fuel Transition: Renewed focus on transitioning to renewable energy sources. Inclusivity and Resilience: Recognizing the importance of involving marginalized groups and building climate-resilient societies. NDCs:Urging countries to submit ambitious climate action plans. To combat climate change, We as individuals can take actions such as: Reduce Emissions:Choose renewable energy, conserve energy, and opt for eco-friendly transportation. Adopt Sustainable Practices: Recycle, reduce plastic use, and compost. Encourage Green Business:Support eco-friendly businesses. Leverage Smart Technology: Use energy-efficient devices. Engage in Community Efforts:Participate in environmental initiatives. COP29 marked a significant step forward in global climate action. While progress was made in areas like climate finance and renewable energy transition, more ambitious efforts are needed to address the climate crisis. The conference highlighted the importance of inclusivity, resilience, and international cooperation to secure a sustainable future for all. #COP29 #ClimateAction #SustainableInfrastructure #GreenCities #UrbanPlanning #ClimateResilience.

https://wp.me/p8cDQ4-dMc COP 29 IN AZERBAIJAN Although Azerbaijan has experience planning huge international gatherings, COP29 will undoubtedly be the largest one yet. Azerbaijan is an oil and gas producing country, but it is currently taking significant strides in the direction of a green economy. Azerbaijan has also made a number of pledges in the past few years, such as hosting and pushing for renewable energy. Among those obligations is COP29. The rising global temperatures are a common concern that needs to be addressed because they impact everyone on the planet.  Maryam Adli, PhD. Kakali Das Rituraj Phukan #Cop29Azerbaijan #Cop29 #Cop29Baku #UNFCCC #UnitedNations #ClimateChange #ClimateCrisis #ClimateJustice #GlobalWarming #Mahabahu #PeoplesSecretariatForClimateJustice