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Financing Climate Crisis Takes Center Stage at COP29 in Baku

Financing Climate Crisis Takes Center Stage at COP29 in Baku

Update: 2024-11-18
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The 2024 United Nations Climate Change Conference, also known as COP29, is currently underway in Baku, Azerbaijan, from November 11 to 22, 2024. This year's conference focuses on financing the response to the climate crisis, with discussions centered on securing and prioritizing climate funding globally[1][3].

Key highlights include:

- **Financing the Climate Crisis**: Trillions of dollars are needed for climate action, including tackling root causes and preparing for impacts on communities, health, and national economies[1].
- **Health and Climate**: Although there is no dedicated negotiating topic on health, it will be discussed in various events, including Development Day on November 18 and Urbanisation Day on November 20[1].
- **Pre-COP29 Negotiations**: Progress was made on the New Collective Quantified Goal (NCQG) and adaptation indicators at the Bonn Climate Change Conference in June 2024. However, issues surrounding carbon credit systems and emission avoidance under Article 6 of the Paris Agreement remain unresolved[3].
- **Venue and Logistics**: The conference is being held at the Baku Olympic Stadium, with a dedicated transportation plan to manage the influx of visitors. The event is expected to welcome around 80,000 attendees[2][3].
- **International Participation**: The conference includes 198 Parties (197 countries plus the European Union), with near universal membership. However, Papua New Guinea has announced a boycott, criticizing the summit as a "total waste of time"[3].
- **Organizing Committee**: The committee, chaired by Samir Nuriyev, comprises 56 members, including ministers and heads of state authorities. The committee was expanded after criticism over its initial lack of diversity[3].

As COP29 continues, it remains a critical platform for global leaders to address the pressing issues of climate change and secure commitments for future action.
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Financing Climate Crisis Takes Center Stage at COP29 in Baku

Financing Climate Crisis Takes Center Stage at COP29 in Baku

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