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The 29th Conference of the Parties to the UN Framework Convention on Climate Change (COP29) is taking place from November 11 to 22. Global leaders and diplomats from across the world will descend on the capital Baku, Azerbaijan for the annual climate summit to discuss how to avoid increasing threats from climate change. This is a very elementary read to know_ What is a carbon credit? What is Article 6?

COP29 will take place in Baku, the capital of Azerbaijan, through Nov. 22. First held in 1995, COP29 aims to bring around 200 states together to negotiate goals to fight climate change and agree on further actions outlined in a final document. Check our Nikkei Asia article for more details and insights. #climatechange #ESG #environment #protection #eco #summit #internationalrelationships

The Global Stocktake is an opportunity to take inventory on progress (or a lack of) towards the success of the Paris Agreement. The first stocktake took place in 2023 at COP28. What was the importance of the stocktake for climate action? And what did African negotiators hope to get out of the discussions? #globalstocktake #ParisAgreement #climateaction #COP28 https://lnkd.in/dksUV32n

"COP29: A Climate of Uncertainty" The 29th Conference of the Parties (COP29) convened in Baku, Azerbaijan, amid growing global concerns about climate change. While the annual summit aims to unite nations in addressing the climate crisis, the outcomes of previous conferences have often fallen short of expectations. A primary focus of COP29 is securing financial commitments from developed nations to help developing countries mitigate and adapt to the effects of climate change. A new framework for climate finance has been proposed, but past experiences have cast doubt on whether these pledges will be fulfilled. The issue of "loss and damage," referring to the irreversible impacts of climate change on vulnerable nations, is also expected to be a central topic of discussion. The success of COP29 hinges on the willingness of nations to set aside their differences and cooperate on a global scale. However, historical patterns of economic inequality, geopolitical tensions, and divergent national interests have often hindered progress in previous climate negotiations. The world watches with anticipation to see if COP29 can deliver a breakthrough or if it will be another missed opportunity to tackle the climate crisis. 

We’re pleased to see progress at COP29 with the finalisation of the rules for international carbon markets under Article 6.4 of the Paris Agreement. This breakthrough allows countries to trade carbon credits. A positive step forward in our collective efforts to tackle climate change. https://lnkd.in/eVkrHByJ #COP29 #ClimateAction #CarbonMarkets #ParisAgreement

With a climate-denialist re-elected as US president and another petrostate host (following Dubai in 2023) – hopes for ambitious outcomes at the 29th UN Climate Change ‘Conference of the Parties’ (COP29) in Baku, Azerbaijan are not high. But this does not mean the summit is insignificant. Time is literally running out for action to keep temperatures within the Paris Agreement’s 1.5°C threshold. As usual, the meeting will see world leaders coming together to discuss how to accelerate action to tackle climate change. It is also likely to see a decision on Australia’s bid to host COP31 with the Pacific in 2026. Professor Jacqueline Peel gives us a round-up of what we can expect to see at COP29.

Reflecting on the recent developments at #COP29, it's evident that the conference has faced significant challenges, from Azerbaijan's tumultuous start to the dominance of #finance and #fossilfuel discussions. Have these issues have overshadowed the core mission of addressing #climatechange effectively? Has the heavy influence of fossil fuel interests and the complex financial negotiations diverted attention from actionable #climate solutions. This raises a critical question: Are we truly focusing on what matters most? As we navigate these complexities, it's imperative to realign our efforts toward tangible climate action. We must ensure that the primary goal—mitigating climate change and safeguarding people and our planet—remains at the forefront of these global discussions. For a more in-depth analysis of COP29's proceedings, I recommend reading Carbon Brief's detailed debrief: https://lnkd.in/grQEyTTH  #decarbonization #gigacornhunter

What’s in store for the start of the UN Climate Change conference #COP29 in Baku? Experts from American University and The Center for Environment, Community, & Equity weigh in on what to expect from this final round of negotiations. https://lnkd.in/efjDVqyz

As we enter the second week of #COP29 in Baku, it's critical to reflect on the progress made during the past week. The negotiations have yielded some progress, particularly with the consensus on the standards for Article 6.4. This advancement will open the international #carbonmarkets to facilitate resource allocation and set a precedent for climate action initiatives. May we all recognize that the responsibility to protect our planet for future generations firmly lies in our hands. Each one of us has a role to play in this global effort. Let's harness the energy and determination we've seen at Baku #ClimateAction Week to push for actions rather than commitments. Together, we realize a sustainable future. 🌍

Nearly 200 countries will gather for the UN climate summit, COP29. Reaching a consensus for a deal among so many can be difficult. Here are some of the major players and negotiating blocs involved in the summit starting November 11 in Baku, Azerbaijan. https://lnkd.in/ds95E3aE