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COP29 UN Climate Conference Agrees to Triple Public Finance to Developing Countries, Protecting Lives and Livelihoods

The UN Climate Change Conference (COP29) closed today with a new finance goal to help countries to protect their people and economies against climate disasters, and share in the vast benefits of the clean energy boom. With a central focus on climate finance, COP29 brought together nearly 200 countries in Baku, Azerbaijan, and reached a breakthrough agreement that will: Triple public finance to developing countries, from the previous goal of USD 100 billion annually, to USD 300 billion annually by 2035.Secure efforts of all actors to work together to scale up finance to developing countries, from public and private sources,

COP29 achieves full operationalisation of Article 6 of Paris Agreement – Unlocks International Carbon Markets

November: Today, the COP29 Presidency announced the end of the decade-long wait for the conclusion of negotiations on high integrity carbon markets under Article 6 of the Paris Agreement. This was one of the Presidency’s top priorities for the year and it drove Parties towards this milestone achievement through intensive dual-track technical and political negotiations. This strategy broke through years of stalemate and finalises the last outstanding item in the Paris Agreement. Article 6 provides trusted and transparent carbon markets for countries as they collaborate to reach their climate goals. This cross-border cooperation is expected to reduce the cost of

Countries representing nearly 50% of global methane emissions from organic waste pledge to reduce emissions from sector 

The COP29 Presidency launched the Reducing Methane from Organic Waste Declaration, with over 30 states amongst the initial signatories (who combined represent 47% of global methane emissions from organic waste) declaring their commitment to set sectoral targets to reducing methane from organic waste within future NDCs. This includes 7 of the world’s 10 largest organic waste methane emitters. Signatories commit to launching concrete policies and roadmaps to meet these sectoral methane targets.  This declaration, developed with the UNEP-convened Climate and Clean Air Coalition (CCAC), builds on the work of previous COPs by supporting the implementation of the 2021 Global Methane Pledge

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