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
Thomas Schroder’s Post
More Relevant Posts
-
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
To view or add a comment, sign in
-
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
To view or add a comment, sign in
-
We’re pleased to see progress at COP29 with the finalisation of the rules for international carbon markets under Article 6.4 of the Paris Agreement. This breakthrough allows countries to trade carbon credits. A positive step forward in our collective efforts to tackle climate change. https://lnkd.in/eVkrHByJ #COP29 #ClimateAction #CarbonMarkets #ParisAgreement
To view or add a comment, sign in
-
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
To view or add a comment, sign in
-
🌍 Navigating the Future of Global Climate Efforts Amidst Political Shifts As the world prepares for COP29 in Baku, 11-22 Nov 2024, the election of Donald Trump has stirred discussions around the future of global climate action. Despite concerns, leaders of the Paris Agreement remain optimistic about the ongoing momentum towards #decarbonisation. Key insights: 🔹 Trump’s potential withdrawal from the Paris Agreement raises questions about US involvement in global climate finance. 🔹 Major global leaders and financial executives are choosing not to attend COP29, citing geopolitical concerns. 🔹 The strategic focus of the summit remains firm: achieving new climate finance goals is crucial to supporting green transitions in developing countries. 🔹 There’s a resilient economic momentum driving the clean energy transition, which experts believe will continue despite political hurdles. 🌱 The global shift towards sustainable solutions continues to present opportunities for innovation and collaboration. As Christiana Figueres states, clean energy technologies not only outperform fossil fuels but also address their volatility and inefficiency. 📊 The challenge now is to maintain this momentum and ensure that strategic actions are taken to safeguard the planet and future generations. #ClimateAction #Sustainability #COP29 #EnergyTransition #ParisAgreement #UN #Azerbaijan
To view or add a comment, sign in
-
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
To view or add a comment, sign in
-
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.
To view or add a comment, sign in
-
#COP29 | Follow our Road to Baku series over the next few months as we dive into COP29 and why it's being called the Finance COP. ✒ Up first: Climate finance takes centre stage 🌍 💰 'As we approach the COP29 in Baku, Azerbaijan, the global community stands at a critical juncture in the fight against climate change. The geopolitical context adds an extra layer of complexity to the negotiations. The outcome of the U.S. election, scheduled just a week before the conference, could significantly impact the talks and the future of international climate action.' We're launching a series of blogs to explore the key themes and expected outcomes of COP29. Follow our E Co. experts, Remus E., Victoria Verdesoto Phothirath and Juliana Castro Escobar, who'll provide you with insights into the most pressing issues on the global climate agenda, and how they might shape the future of climate action. Read on here: https://lnkd.in/eMB_2uma #climatefinance #GCF #GEF #AdapationFund #MAF #ParisAgreement #UNFCCC #projectdesign #greenfinance #finance #investment #climateaction #sustainabledevelopment #internationaldevelopment #climatechange #technicalconsultancy
To view or add a comment, sign in
-
-
🌍 COP 29 in Focus: Climate Finance, Carbon Trading, and Fossil Fuel Influence At the 2024 UN Climate Conference in Baku global climate action took a turn for the worse. The final agreements on climate finance and carbon trading were disappointing and the influence of fossil fuel interests and geopolitical tensions left critical questions unanswered. Explore what COP 29 means for the future of the Paris Agreement and global sustainability. 🔗 Read the full analysis to stay ahead in the climate conversation. https://lnkd.in/e4ZXukwi #COP29 #ClimateAction #Sustainability #Leadership
To view or add a comment, sign in
-
🌍 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
To view or add a comment, sign in