The 29th session of the Conference of the Parties (CoP29) to the United Nations Framework Convention on Climate Change (UNFCCC) was held in Baku, Azerbaijan, from November 11 to November 22, 2024. This significant global event brought together world leaders, negotiators, business leaders, young people, climate scientists, Indigenous Peoples, and civil society to discuss and advance collective climate action.
One of the key priorities of CoP29 was to secure a new goal on climate finance. The conference aimed to ensure that every country has the means to take stronger climate action, slash greenhouse gas emissions, and build resilient communities. A notable outcome was the agreement to triple public finance to developing countries, increasing it from USD 100 billion annually to USD 300 billion annually by 2035.
Despite the progress made, the conference faced challenges, including tense disagreements over climate finance and walkouts by some parties. The final deal was criticized for not fully addressing the scale, urgency, and inequity of the climate emergency. However, the conference laid the groundwork for future negotiations and highlighted the importance of continued global cooperation to tackle climate change.
