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COP29 Concludes in Baku Amid Controversies, Focuses on Climate Finance and Loss & Damage
The 2024 United Nations Climate Change Conference, also known as COP29, concluded on November 22, 2024, in Baku, Azerbaijan. This 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (UNFCCC) brought together delegates from nearly 200 countries to address critical climate issues.
Key discussions at COP29 included setting a new climate finance goal to replace the former $100 billion target, fully activating the Loss and Damage fund, and supporting vulnerable communities. The conference also focused on updated Nationally Determined Contributions (NDCs) from countries and finalizing guidelines for carbon markets under Article 6 of the Paris Agreement[1][2].
The choice of Azerbaijan as the host country was controversial due to its status as a major oil and gas producer and concerns over corruption and authoritarian governance. The conference's official partners included businesses tied to the ruling Aliyev family, further raising ethical concerns[1].
COP29 President Mukhtar Babayev, a former official of the state-owned oil company SOCAR, emphasized the need to cap global warming at 1.5°C, as current data suggests existing climate pledges may allow for a 2.9°C increase[1].
The conference operated within two main zones: the Blue Zone for official negotiations and the Green Zone, a public area featuring corporate exhibitors showcasing climate-related products and services. The event welcomed around 80,000 attendees, including senior government officials, at the Baku Olympic Stadium venue[1][3].
Despite the challenges and controversies, COP29 aimed to strengthen ambitions and ensure action on climate change, with leaders emphasizing the urgent need for deep, rapid, and sustained emission reductions to keep temperatures under control and stay below 1.5°C[3].
Key discussions at COP29 included setting a new climate finance goal to replace the former $100 billion target, fully activating the Loss and Damage fund, and supporting vulnerable communities. The conference also focused on updated Nationally Determined Contributions (NDCs) from countries and finalizing guidelines for carbon markets under Article 6 of the Paris Agreement[1][2].
The choice of Azerbaijan as the host country was controversial due to its status as a major oil and gas producer and concerns over corruption and authoritarian governance. The conference's official partners included businesses tied to the ruling Aliyev family, further raising ethical concerns[1].
COP29 President Mukhtar Babayev, a former official of the state-owned oil company SOCAR, emphasized the need to cap global warming at 1.5°C, as current data suggests existing climate pledges may allow for a 2.9°C increase[1].
The conference operated within two main zones: the Blue Zone for official negotiations and the Green Zone, a public area featuring corporate exhibitors showcasing climate-related products and services. The event welcomed around 80,000 attendees, including senior government officials, at the Baku Olympic Stadium venue[1][3].
Despite the challenges and controversies, COP29 aimed to strengthen ambitions and ensure action on climate change, with leaders emphasizing the urgent need for deep, rapid, and sustained emission reductions to keep temperatures under control and stay below 1.5°C[3].
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By QP - DailyThe 2024 United Nations Climate Change Conference, also known as COP29, concluded on November 22, 2024, in Baku, Azerbaijan. This 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (UNFCCC) brought together delegates from nearly 200 countries to address critical climate issues.
Key discussions at COP29 included setting a new climate finance goal to replace the former $100 billion target, fully activating the Loss and Damage fund, and supporting vulnerable communities. The conference also focused on updated Nationally Determined Contributions (NDCs) from countries and finalizing guidelines for carbon markets under Article 6 of the Paris Agreement[1][2].
The choice of Azerbaijan as the host country was controversial due to its status as a major oil and gas producer and concerns over corruption and authoritarian governance. The conference's official partners included businesses tied to the ruling Aliyev family, further raising ethical concerns[1].
COP29 President Mukhtar Babayev, a former official of the state-owned oil company SOCAR, emphasized the need to cap global warming at 1.5°C, as current data suggests existing climate pledges may allow for a 2.9°C increase[1].
The conference operated within two main zones: the Blue Zone for official negotiations and the Green Zone, a public area featuring corporate exhibitors showcasing climate-related products and services. The event welcomed around 80,000 attendees, including senior government officials, at the Baku Olympic Stadium venue[1][3].
Despite the challenges and controversies, COP29 aimed to strengthen ambitions and ensure action on climate change, with leaders emphasizing the urgent need for deep, rapid, and sustained emission reductions to keep temperatures under control and stay below 1.5°C[3].
Key discussions at COP29 included setting a new climate finance goal to replace the former $100 billion target, fully activating the Loss and Damage fund, and supporting vulnerable communities. The conference also focused on updated Nationally Determined Contributions (NDCs) from countries and finalizing guidelines for carbon markets under Article 6 of the Paris Agreement[1][2].
The choice of Azerbaijan as the host country was controversial due to its status as a major oil and gas producer and concerns over corruption and authoritarian governance. The conference's official partners included businesses tied to the ruling Aliyev family, further raising ethical concerns[1].
COP29 President Mukhtar Babayev, a former official of the state-owned oil company SOCAR, emphasized the need to cap global warming at 1.5°C, as current data suggests existing climate pledges may allow for a 2.9°C increase[1].
The conference operated within two main zones: the Blue Zone for official negotiations and the Green Zone, a public area featuring corporate exhibitors showcasing climate-related products and services. The event welcomed around 80,000 attendees, including senior government officials, at the Baku Olympic Stadium venue[1][3].
Despite the challenges and controversies, COP29 aimed to strengthen ambitions and ensure action on climate change, with leaders emphasizing the urgent need for deep, rapid, and sustained emission reductions to keep temperatures under control and stay below 1.5°C[3].