Leveraging ESG: Paving the path for global climate finance at COP29

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THE 29th Conference of the Parties (COP29), set for Nov. 11-22, 2024 in Baku, Azerbaijan, is fast approaching. This highly anticipated climate change conference is a must-attend event for a broad spectrum of stakeholders, from government leaders to grassroots organizations.

THE 29th Conference of the Parties , set for Nov. 11-22, 2024 in Baku, Azerbaijan, is fast approaching. This highly anticipated climate change conference is a must-attend event for a broad spectrum of stakeholders, from government leaders to grassroots organizations. Following decisions made at COP28, this year's COP plays a crucial role in advancing climate commitments by accelerating adaptation and mitigation efforts.

, with a broader mandate than aims to 1) mobilize climate funds from multilateral organizations; 2) integrate climate finance with trade and investment; and 3) direct public and private funds toward developing countries. Both offer promising pathways for global cooperation, promoting the adoption of clean technologies, enhancing climate resilience, and fostering technological innovation needed for a just transition.Two years ago, at COP27, the High-Level Expert Group on Climate Finance was tasked with evaluating whether existing climate finance could effectively support the Sustainable Development Goals while keeping global temperature increases well below 2 C, ideally around 1.

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Climate change finance could land at ‘hundreds of billions,’ COP29 leaders sayLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
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