The 29th UN Climate Change Conference, or COP29, began in Baku, Azerbaijan, on November 11, 2024. This year, known as the “Finance COP,” the main focus is on setting a new financial target to help countries most affected by climate change. Over two weeks, delegates from almost 200 countries, including India, will work to advance the Paris Agreement goals—limiting global warming, boosting climate resilience, and supporting developing nations.
The success of COP29 will depend largely on whether countries can agree on a strong new climate finance goal that meets the needs of developing countries. For India and other Global South countries, access to finance, technology, and energy resources is crucial for achieving climate goals and protecting vulnerable communities. India has been active in shaping the global climate finance system to ensure funding is available for both reducing emissions and adapting to climate impacts.
