Tobias Graf’s Post

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Vice President at Allianz Global Investors #gerneperdu

Both the COP 29 annual meeting dedicated to climate action, and its biodiversity counterpart COP 16, take place in the coming weeks. In a year when politics and the impacts of climate change have sometimes conflicted, accelerating global coordination and finance is increasingly urgent. Expectations for both meetings are low, but the potential is huge. Key takeaways: - COP 29 and its biodiversity counterpart COP 16 come at a time when new global temperature records have reinforced the urgency of climate action. - COP 29 is being billed as the “finance” COP, but expectations of meaningful progress appear modest. - Clarification on financing the transition, climate pressures on health, and the role of technology will be key topics. - The conference will set the tone for the next wave of sovereigns’ climate action plans. By Matt Christensen, Global Head of Sustainable and Impact Investing at Allianz Global Investors #AchievingSustainability #Sustainability #COP29 #COP16

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