C2ES was on the ground at COP29, closely tracking key issues. Explore our resources for COP29 negotiations and key COP events.
C2ES was on the ground at COP29, closely tracking key issues. Explore our resources for COP29 negotiations and key COP events.
November 11-24, 2024
Baku, Azerbaijan
C2ES participated in COP29 to accelerate ambitious climate action through international negotiations and business engagement.
Against the backdrop of record-breaking extreme heat and unprecedented floods, fires, and droughts, COP29 presented a crucial opportunity to accelerate international climate ambition. COP29 achieved some success but left a number of important issues open.
COP29 delivered on its two main deliverables: First, Parties agreed a new collective quantified goal (NCQG) for climate finance, which replaced the previous $100 billion goal that was due to expire in 2025. Parties also finalized outstanding elements of the Paris Agreement’s implementing guidance needed to fully operationalize carbon markets under Article 6 of the Paris Agreement.
COP29 was unable to deliver decisions on how to take forward the global stocktake outcomes that had been agreed at COP28 and only delivered relatively weak signals on greenhouse gas emissions reductions.