Analysis: COP29 Outcomes: Reversal of Hard-Won Gains Creates an Opportunity for the Private Sector to Step up and Lead
Nearly 200 countries and over 555,000 participants met in Baku, Azerbaijan for the 29th Conference of Parties of UNFCCC (COP29) to decide on the next steps in tackling climate change.
The discussions revolved around reducing emissions, increasing national climate ambitions, UN carbon markets rules, moving away from fossil fuels and crucially agreeing on how much money developing countries will get to tackle and prepare for climate change in what is known as the ‘New Collective Quantified Goal on Climate Finance’ or simply ‘NCQG’.
Photo courtesy of mad mags.
Source: SEforALL (link opens in a new window)
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