COP29 Opens in Azerbaijan With Climate Finance at Top of Agenda

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A focus of the annual climate event, this time in Azerbaijan, will be striking a deal on helping poor countries with the green transition.

Mukhtar Babayev, president of COP29, during the opening ceremony of the climate conference in Baku, Azerbaijan, on Monday, Nov. 11, 2024.

“These numbers may sound big but they are nothing compared to the cost of inaction,” the new COP29 president, Mukhtar Babayev, said as he took over. “COP29 is a moment of truth for the ” which in 2015 set a goal of limiting warming to 1.5 degrees Celsius since pre-industrial times. in human civilization, the European climate service Copernicus announced earlier this month. But the Paris 1.

Dozens of climate activists at the conference — many of them wearing Palestinian keffiyehs — held up banners calling for climate justice and for nations to “stop fueling genocide.” Jacob Johns, a Hopi and Akimel O’odham community organizer, came to the conference with hope for a better world. “There might be funding out there, but to get access to this funding for us here in the Pacific is quite an impediment,” said Hilda Sakiti-Waqa, from the University of the South Pacific in Fiji. “The Pacific really needs a lot of technical help in order to put together these applications.”

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COP29 to Shape the Future of Climate FinanceThis article discusses the importance of COP29 in mobilizing private sector finance to support global climate action and the transition to net zero.
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