November-December . 2024 | @ green

COP29 Presidency launches initiatives to focus and accelerate climate action

The COP29 President-Designate Mukhtar Babayev wrote to all Parties and non-party stakeholders about the package and how global stakeholders may help the Presidency increase ambition and facilitate action .

The Action Agenda addresses the world ’ s most significant climate issues , highlights ignored priorities and unites a wide range of actors . As the Caucuses host COP for the first time , it showcases Azerbaijan ’ s unique climate change efforts .

It is an ambitious endeavour by the COP29 Presidency to drive action across all climate pillars and spans energy , finance , agriculture , cities , human development , and the climate-peace nexus . The Baku Initiative on Climate Finance , Investment , and Trade ( BICFIT ), Baku Initiative on Human Development for Climate Resilience , and Multisectoral Actions Pathways ( MAP ) for Resilient and Healthy Cities all address intersectoral synergies .

Governments and NGOs will agree on principles and methods to increase ambition in their subsequent collective climate crisis actions in the COP29 pledges and declarations . The COP29 Presidency will provide draft texts to all parties and constituents for evaluation and feedback as part of its transparent and inclusive approach . The COP29 Presidency will ultimately finish and disseminate the texts on its website .

COP29 Presidency Initiatives create platforms , collaborations , and programs for action before , during , and after COP29 . The COP29 Presidency ’ s vision centres on finance , a key enabler of climate action . Hence , the Initiatives focus on execution .

The UN Task Force for COP29 and its member agencies , international organisations and multilateral bodies , national governments , and non-State entities collaborated on the COP29 Action Agenda .

Babayev added : “ Azerbaijan is honoured by the global community ’ s confidence in us to host COP29 . We cannot address the

Mukhtar Babayev

Azerbaijan is honoured by the global community ’ s confidence in us to host COP29 . We cannot address the climate catastrophe alone as one country . We aim to encourage every performer and show what is achievable with dedication , and we never discount individual contributions .”

climate catastrophe alone as one country . We aim to encourage every performer and show what is achievable with dedication , and we never discount individual contributions . Please remember that every action matters since every fraction of a degree matters , especially in the face of such a huge obstacle .”

COP29 UN High-Level Climate Champion Nigar Arpadarai said : “ Now is the time for the whole universe of climate stakeholders to sign up , speak up and step up on climate action . Everyone must contribute to achieve our aims . This is your time to impact COP29 .”

COP29 PRESIDENCY INITIATIVES AND RESULTS SUMMARY

The Climate Finance Action Fund ( CFAF ) catalyses the public and private sectors in mitigation , adaptation , and research and development using voluntary contributions from fossil fuel-producing countries and enterprises . For speedy natural catastrophe recovery in developing nations , the Fund will include particular provisions for extremely concessional and grant-based finance .

The Baku Initiative for Climate Finance , Investment , and Trade ( BICFIT ) promotes green diversification investment , policy development , and experience sharing through conversation .

Green energy zones and corridors : A commitment to green energy zones and corridors , encompassing investment , economic growth , infrastructure development , modernisation , and regional collaboration .

Global grid and energy storage : COP29 pledged to raise global energy storage capacity six times over 2022 levels to 1,500 gigawatts by 2030 . In order to add or renovate more than 80 million kilometres of electricity grids by 2040 , endorsers will significantly increase grid spending .

Hydrogen declaration : A declaration for the public and commercial sectors to unlock the global market for [ clean ] hydrogen and its derivatives with guiding principles and priorities to eliminate legislative , technological , finance , and standardisation hurdles .

Truce appeal : An Olympic-style COP Truce to promote peace and climate action . The separate COP29

Peace and Climate Initiative , co-led with partners , aims to deliver tangible results like establishing a centre of excellence hub to match the needs of the most vulnerable with existing resources and enable the operationalisation of various peace and climate initiatives .

Green digital action declaration : Accelerating climate-positive digitalisation and emission reductions in ICT and improving green digital technology accessibility .

The Baku initiative on human development for climate resilience : Catalyses investment in education , skills , health , and well-being , especially for children and youth , establishes COP-to-COP continuity and improves environmental literacy through education standards .

Baku Harmoniya climate initiative for farmers : An aggregator of initiatives , coalitions , and networks that share experiences , discover synergies and gaps , enable finance , and collaborate on agriculture , including by empowering rural communities and women .

Declaration on reducing methane from organic waste : A commitment to 1.5-aligned NDC waste sector commitments with quantitative targets to reduce methane in waste and food systems .

MAP declaration for resilient and healthy cities : A declaration to boost multisectoral collaboration to solve city climate issues and an initiative to coordinate urban climate activities and finance them .

Declaration on enhanced action in tourism : To incorporate sectoral tourism targets in NDCs and promote sustainable practices by decreasing emissions and strengthening resilience . Another project is to improve transparency and support sustainable tourism food systems .

Declaration on water for climate action : A declaration urging stakeholders to integrate waterrelated mitigation and adaptation measures into national climate policies , including NDCs and NAPS , to combat climate change ’ s effects on water basins and waterrelated ecosystems . COP-to-COP continuity and consistency will be improved by the Baku Dialogue on Water for Climate Action .

The Baku Global Climate Transparency Platform ( BTP ): A platform to help developing country Parties prepare and submit Biennial Transparency Reports , promote collaboration and knowledge exchange across the full spectrum of the Enhanced Transparency Framework , and better mobilise capacity-building resources . – @ green