COP29

COP29's climate finance agreements, while tripling previous pledges, still fall short of the urgent needs of developing countries. The inadequacy of funds for climate action and loss & damage highlights a major global issue.

At COP29 in Baku, India rejected the revised climate finance deal, criticizing the proposed $300 billion annually by 2035 as inadequate. The Global South demands $1.3 trillion for climate adaptation and transformation

COP29 adopted Article 6.2 for carbon trading between governments, marking a significant breakthrough after years of deadlock. However, concerns about transparency and enforcement persist, with India expressing disappointment

At the stalled COP29 climate summit on Monday, the head of the UN's climate agency urged nations to "end the theatrics" over climate pollution and focus on advancing critical climate policies.

At COP29, Brazil introduced its new climate plan, targeting a 59%-67% emissions reduction by 2035. The plan includes shifting to renewable energy, but experts call for more transparency and specific timelines to strengthen its credibility and impact.

On Day 3 of COP29, nations debated new climate finance targets beyond 2025. Brazil announced ambitious emission cuts, while delegates called for more robust financial commitments to support developing countries in mitigating climate impacts

At COP29 in Azerbaijan, leaders aim to make the Loss and Damage Fund effective, focusing on swift aid delivery, Indigenous knowledge integration, and community-led planning to support vulnerable regions facing climate change’s irreversible impacts.

Only 30 countries have energy storage targets, totaling 284 GW by 2030. This leaves a 1,216 GW gap from the 1,500 GW global goal needed to stabilize grids and support renewable energy growth.

The Climate Action Against Disinformation Coalition report highlights how Big Tech enables climate disinformation, with social media platforms profiting from fossil fuel ads. This fuels false narratives, undermining climate action during extreme weather.

The U.N. COP29 summit in Baku focuses on securing up to $1 trillion in climate finance for developing nations as they face increasing extreme weather and demand stronger support.