Environmental Accounting Services’ Post

NCQG, NDCs, UNFCCC, what does it all mean? As the COP29 Azerbaijan global climate summit kicks off, we've got you covered with our Cop glossary. #cop29 #climatecrisis #greenertogether

Good news on Day 1: #COP29 approves the creation on standards for #carboncredits under article 6.4 of the #ParisAgreement. “Parties reach consensus on standards for the creation of carbon credits under Article 6.4 of the Paris Agreement, in sign of early momentum. COP29 President opens summit with plan to enhance ambition and enable action. COP29 will “test our commitment to the multilateral climate system” upon end of the first decade after the Paris Agreement. COP29 top negotiating priority is a new climate finance goal. Realistic goal for what the public sector can directly provide and mobilise seems to be in the “hundreds of billions”.” #leadonclimate

I know you've read too many #COP29 takes. But please read one last one as I think we know a little bit about this process & are deeply engaged 😀 (w/ Joe Thwaites. https://lnkd.in/ee336Wfy. COP29 was a contentious meeting that left a bitter taste in the mouths of the most vulnerable countries and many others. Rebuilding trust will require all countries to rally more forcibly around the “spirit of the Paris Agreement,” recapturing the common imperatives that brought the world together around a shared climate goal. Despite these dynamics, COP29 delivered three key things: (1) a new climate finance target; (2) beginning the sprint to new climate targets for 2035; (3) additional action to deliver on past promises. Coming out of this difficult meeting, it will be critical that countries continue to rally international support for climate action. 1️⃣ a New Climate Finance Goal was launched: https://lnkd.in/eKvqScek 2️⃣ began the sprint to Gold Standard National Climate Targets for 2035: https://lnkd.in/ehFt2aTa 3️⃣ advanced some Additional Action to Close the Ambition Gap this Decisive Decade ➡️ Going forward, the world will need to Continue Rallying International Climate Action

🌍 COP29 is over and it has delivered critical progress in carbon market frameworks, transitioning Kyoto mechanisms, and $300B climate finance pledge. While challenges remain, these milestones set the stage for transformative climate action. 👉 Read our full analysis here: https://lnkd.in/gYS7tYaU #COP29 #SustainableFutures #ClimateAction #Time4Action #netzero #CarbonMarkets

Hello, Climate Fellows! Did you know that COP29 concluded with transformative climate finance commitments? Nearly 200 nations have agreed to reshape global climate funding to support developing countries in combating climate change and boosting resilience. These landmark agreements under the New Collective Quantified Goal on Climate Finance (NCQG). Building on achievements from COP27’s Loss and Damage Fund and COP28’s energy transition agreements, COP29 also finalized the Paris Agreement Crediting Mechanism. This allows international carbon trading to fully operate, driving climate action forward. Swipe through to explore how these breakthroughs can shape a sustainable and resilient future! #COP29 #ClimateFinance #GlobalGoals #ParisAgreement #ClimateAction #SustainableDevelopment #CCSFUI

COP29 has ended, with a new collective quantified goal that replaces the $100 billion annual target with more ambitious goals: 🟢 $300 billion annually by 2035 for LMICs 🟢 An overall climate financing target to reach “at least $1.3 trillion by 2035” While this is a step forward, it still falls short of the needs and demands of vulnerable nations–those already bearing the brunt of the climate crisis. As the global community continues to work toward scaling climate finance, adaptation tools like #CHART are essential to supporting governments and communities in protecting health in a rapidly changing climate. #COP29 #CHART #ClimateHealth https://lnkd.in/gJjVBwRX

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

COPs has historically been a disappointment for many Pacific Islanders who have sacrificed their time, resource and energy. But they continue to power on each year because if they don’t than who will, if the Pacific is not represented than how will big emitters know the devastating impact that the climate crisis has on our people. I’m blessed to be here reporting at COP29 once again, and before the opening much more is happening on the background. #COP29 #Pacific #ClimateJustice #FinanceCOP Please find below my pre-COP story.

The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change (UNFCCC) will occur from November 11 to 22, 2024, in Baku, Azerbaijan. This crucial climate summit will bring together representatives from 198 countries and the European Union to make critical decisions on global climate issues. COP29 is being dubbed the “Finance COP” because it focuses on negotiating a new climate finance goal to replace the existing $100 billion annual commitment that expires in 2025. This article describes the meetings held beforehand shape the climate COP conference. #ClimateChange #COP29

COP29 in Baku today made a major breakthrough, setting clear standards for carbon credits under Article 6.4 of the Paris Agreement. This is a huge step for global climate action, bringing integrity and demand to the carbon market. For CCUS, this is a game-changer. With these standards in place, CCUS projects can attract more investment, using carbon credits to fuel the scaling we need to reach climate goals. It’s a big win for moving carbon management forward worldwide! #Article6.4 #COP29 #CarbonMarkets #CCUS