COP29: Politicians play catch-up as business chases profit from green transition

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It feels, indeed, like a twin track process, with the world of politicians and diplomats trying to play catch-up in a world where global capitalism senses that money, jobs, profit and The Future lie in the world of green transition.

Even as I am going, I am reminded of the coming. I am at Baku airport, the capital of Azerbaijan, leaving for the UK. But the coming, in my mind, is The Second Coming, where the poet WB Yeats wrote: “Things fall apart; the centre cannot hold.”

Moreover, Joe Biden, from the lame duck US administration, didn’t come. Worse perhaps, because it is more unusual, the French, the Germans, the EU President, the Canadians and the Brazilians also did not send their heads of state here. Azerbaijan is as petrostate as petrostate come. But that was only the beginning. He then chose to insult France for – of all th

So there is your fractured diplomatic background against which the UN has somehow to bring together unanimous agreement on that most difficult of subjects: money. n a generation even to get the cause of climate crisis onto the agenda. That may seem incredible, but it is true, and since then, what has happened? Almost nothing.

Yet it has given every other country something to aim at and aim high. And pretty much every other country is represented here, even if their heads of state aren’t coming. Even the Tali

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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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