The Nature Conservancy’s Post

It’s the first day of #COP29 in Baku. The negotiations over the next 2 weeks are critical. Here are a few of the areas we’ll be watching closely - ⭐ There will be a heavy focus on international climate finance – discussions around both the expected figures needed as well as sources of potential financing globally. ⭐ National climate plans will also be an important focus. Countries that signed the Paris Agreement are required to submit a new round of NDCs (national determined contributions) early next year. ⭐ From a geopolitical perspective, all eyes will be on the US and the implications of the election + what this means for its evolving role as a global climate leader. ⭐ From a UK standpoint, it’ll also be interesting to look out for news coverage around Keir Starmer’s appearance. The government were elected on a mandate for stronger climate ambitions, but this is likely to be put to the test over the next few weeks. Following the news cycle can feel like an almost impossible challenge to keep up with evolving negotiations and announcements. Over the next few days, I’ll aim to share our favourite + most helpful media roundups. Today, I’ve found The Guardian Live Feed useful and I’d like to give a shout out to edie and their COP29 jargon buster. From making sense of the blue zone, the green zone and who on earth High-Level Climate Champions are, they’ve got it covered:

Yesterday the #BonnClimateConference ended on terms that reflect well on this year's progress in the international spheres of #climateaction.🌏 It sets an interesting path to #COP29, which includes an anticipated focus on the Nationally Determined Contributions (#NDCs), an enhanced planning of financial support through the New Collective Quantified Goal on Climate Finance, and forward-looking planning on adaptation practices. Other positive aspects of the conference are that countries are required to prepare materials before #COP29 starts and stronger cooperation is gradually more emphasized, both of which make the discussions at the conference in November much more efficient.🌱 Check out more detailed information on the Bonn updates at https://lnkd.in/d6YQAAwx

🌍 Climate change is affecting the life of every living being and our strive for needs neglects this. On the other hand, the United Nations Framework Convention on Climate Change (UNFCCC) organises the annual Conference of the Parties (COP), which brings together nearly 200 countries to negotiate and implement 🌍 global climate policies. The 29th UN Climate Change Conference (COP29) held in Baku, Azerbaijan, offered hope and reminders of the work required to combat climate change effectively. Here are some key takeaways: 1️⃣ Climate Finance: A pledge to triple funding for developing nations marked a significant step, but gaps remain in how this will be implemented. 2️⃣ Carbon Markets: After years of negotiations, agreements under Article 6 of the Paris Agreement have made carbon trading mechanisms operational, promising financial flows to support climate actions in vulnerable regions. 3️⃣ Adaptation Goals: The “Baku Adaptation Road Map” was introduced, yet consensus on measurable indicators and sufficient funding remains elusive. 4️⃣ Energy Transition: While some nations reaffirmed their commitment to renewable energy, disagreements on phasing out fossil fuels delayed progress. 5️⃣ Transparency: Advances in climate reporting frameworks were celebrated, emphasizing accountability and evidence-based policymaking. This year's theme, “In Solidarity for a Greener World,” underscored the need for collaborative, global action. However, challenges particularly around fossil fuel discussions and just transition financing highlight the complexities of aligning global priorities. As global citizens, we must hold leaders accountable and advocate for ambitious, actionable climate solutions. Let’s stay informed, engaged, and united in driving the change the world desperately needs. 🌱✨ #COP29 #ClimateAction #Sustainability #TogetherForOurPlanet

This morning's mitigation talks #COP29 is focusing on developing nations' voluntary contributions to climate finance. Efforts to transition from fossil fuels are on the verge of failure A disagreement between developed and developing countries led to a postponement of emissions-cutting negotiations at #COP29. Let's hope for some positive news later today. #cop29 #climatemitigation #climatefinance #climatefunding

Mukhtar Babayev, the Minister of Ecology and Natural Resources of Azerbaijan and President of COP29, is focused on transparency by countries receiving funds in climate finance discussions. While that is a noble goal, it should never overshadow the fundamental need to swiftly address the inequities perpetuated by wealthier nations' reliance on fossil fuels.  It seems a bit cart-before-horse to wring our hands over how frontline countries facing devastating climate impacts intend to report on the use of funds they have yet to receive because wealthier nations are dithering on their promises of support. As COP29 approaches, it's imperative for wealthier countries to acknowledge their responsibility and take meaningful action to support more vulnerable nations. This support should encompass substantial financial assistance, technology transfer, and capacity building to facilitate the transition to a low-carbon economy.  https://lnkd.in/gp2HC_ZN

While the world holds its breath as the US presidential elections unfold, are you possibly a bit fuzzy about what's on the agenda in the upcoming COP29 climate talks in the next two weeks (November 11-22) in Baku, Azerbaijan, and why it matters, a lot? The Singapore Straits Times does a good job in this article giving the cliff notes version of why COP29 matters, from global climate finance, carbon markets, climate mitigation and adaptation, to the all-important nexus between climate and nature/biodiversity. Route17, KINETIK Australia-Indonesia Partnership for Climate, Renewable Energy and Infrastructure, Harald Walkate, Jewel Topsfield, Tom Coulter, Aarohi Vashishtha, David Nellor. #cop29 #climatefinance #carbonmarkets #mitigation #adaptation #climateandnature #biodiversity

#COP29 #SlowAndSteady #EUstance So the European Union now says that "wealthier high emitting nations" should *voluntarily* contribute to climate change financing. So, short of agreeing to a legislative duty to do so, at least this is a positive step towards making some progress in getting climate change financing based on the ability to pay principle. The pace of talks is still slow, and one hopes that the real goal is not obfuscated by the ongoing hostilities between member countries. Fingers 🤞 remain firmly crossed!! #GoGreen #ClimateChangeFinance Ganesh Raju FENFEO SIVASUBRAMANIAM Ajay Mundada Kedar Soman Epic Energy Limited Pranav Chhatre Abdussalam usmani Harshal Gunde EU softens stand on major sticking point in Baku climate talks https://lnkd.in/dgwc2943 Download Economic Times App to stay updated with Business News - https://lnkd.in/gvCmf-8E

🚨 There is a lot of messy politics right now. A lot. Yes i know, a lot. 🌬 But our climate doesn't care. 🌳 Nor does nature. 🌏 Nor do the poorest women & men, young & old, our communities who rely on a livable climate & the resilience of nature to thrive. 💶 #COP29 must deliver an ambitious new climate finance goal and ensure that this time, those funds reach the countries and communities on the frontline of the climate emergency See The Nature Conservancy's outlook on this next set of negotiations in the most incredible autumn of all 3 Rio conventions COPs. ➡ TNC statement ahead of UN Climate Change Conference COP29 Looking forward to driving ambition with the excellent TNC team at COP this year John Verdieck, Ximena Apéstegui, Kristin Dreiling, Beatriz Granziera, Ginya Truitt Nakata, Melissa Garvey, Kevin Bender, José Otavio Passos, Ying Li, Joth Singh, Rebecca Humphries, Kevin Juma, Luz Angélica G., Lucy Almond, Ben Jack, Patricia da Matta, Michael Becker, Tom Jennings and all our brilliant partners!

COP29 is arguably the most important COP since Paris. Why? The new collective quantified goals- a decade defining framework on global climate financing that sets the platform for enabling the billions and trillions. As of now, the second draft of the NCQG is under debate with all eyes on this week of discussions. Check out this explainer on NCQGs over here: https://lnkd.in/euhCPCCE Osborne Clarke #COP29 #NCQG

Post- #COP29, the sobering truth is that global climate finance commitments still fall far short of what’s needed. As a nation on the frontlines of the climate impact, the Philippines cannot afford to wait. Let us amplify our voices globally for equitable financing and lead by example with bold policies and sustainable practices at home. The private sector holds immense power to drive change through clean energy investments, reforestation efforts, and collaboration with government initiatives. It’s time to move beyond promises and deliver real, scalable solutions for a sustainable future. Read my latest insights here: