Baku breakthrough: COP29 key outcomes
The COP29 UN Climate Change Conference, held in Baku concluded with a landmark agreement to increase public climate finance for developing countries to $300 billion annually by 2035
The United Nations COP29 climate summit has kicked off today in Azerbaijan, with nearly eighty heads of state and governments attending in Baku.
The host country will focus on advancing climate action, promoting active participation of non-party stakeholders, and increase ambitions and momentum for climate change action. The initiatives will aim to push forward efforts in reducing emissions and mitigating climate impacts globally.
The next few days will see presentations from world leaders with their climate priorities and steps to adhere to the 2015 Paris Agreement, signed by 195 countries, including Azerbaijan. As well as this historic accord, the annual event has brought others such as the Kyoto Protocol. This first set legal obligations for developed nations, while the Paris Agreement laid out ambitious goals to limit global temperature rise to 1.5 degrees Celsius.
With countries now under pressure to meet these targets, COP29 is expected to generate a new wave of momentum to implement these commitments and safeguard the planet’s climate stability.
The event runs for two weeks until the 22nd of November.
Negotiations at COP29 in Baku face a critical impasse as sharp divisions over climate finance and fossil fuel commitments threaten progress.
"Come up with the video in its full form," demands the COP29 CEO, Elnur Soltanov, in an exclusive interview with AnewZ. The chief executive has broken his silence on the claims he was using his position to organise potential fossil fuel deals.
The United Nations COP29 climate change conference in Baku seeks $1 trillion annually to help vulnerable nations tackle climate change, as political tensions and Argentina’s withdrawal overshadow talks.
The COP29 UN Climate Change Conference, held in Baku concluded with a landmark agreement to increase public climate finance for developing countries to $300 billion annually by 2035
The agreement, finalised at COP29 in Baku, Azerbaijan, establishes that developed countries will contribute $300 billion annually by 2035 to assist poorer countries in mitigating the effects of climate change.
Delegates at COP29 in Baku push for consensus on climate finance targets, with calls for urgent action to address the global climate crisis as negotiations intensify.
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