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Friday 06 December 2024

*NEW RESEARCH* COP29: Money, markets, and momentum

COP29: Money, markets, and momentum report coverCOP29 (the UN’s 29th Climate Change Conference) came to a close in Baku, Azerbaijan recently, marking two weeks of pledges, declarations, announcements, and commitments on various climate-related measures among a global community of nearly 200 countries.

Although it wasn’t the only thing debated at this “finance COP”, by far the most headline-grabbing discussions and decisions this year centred around the New Collective Quantified Goal—the deal whereby industrialised countries would increase payments to developing nations designed to help them cope with the damage caused by climate events, and also to transition their economies to greener energy sources and manufacturing methods.

There were discussions and declarations more directly relating to tech though, too. 2024’s proceedings saw COP’s first Digitalisation Day, which included discussions dedicated to the role of technology in both fighting climate change, and also the increasing energy appetite, and hence emissions contribution, of AI.

However, the spectre of the incoming Trump administration hung heavy over proceedings. The President-elect has already declared his intention to withdraw the US from the Paris Agreement and promised on the campaign trail to “drill, baby, drill”, setting us up for an ‘interesting’ year in terms of emissions reduction policies and practice ahead of COP30’s review of net zero progress in Brazil 2025.

Read our new report COP29: Money, markets, and momentum - Tech preps the groundwork for 2025 for analysis of the climate-related commitments agreed at COP29, where technology can play a part in emissions-reduction, and a lookahead to the preparations for next year’s COP.

SustainabilityViews subscribers can download COP29: Money, markets, and momentum - Tech preps the groundwork for 2025 now. If you are not yet a subscriber, or are unsure if your company has a subscription, please contact Belinda Tewson to find out how you can access the research.

Posted by Craig Wentworth at '09:35' - Tagged: carbon markets   COP   COP29   emissions reduction   digitalisation   carbon trading  

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