🌍 Latest News from COP29: Major Agreements Reached! 🌿
19 Nov 2024
The COP29 climate summit in Baku, Azerbaijan, has delivered significant progress on global climate action:
1️⃣ Global Carbon Market Framework: A groundbreaking agreement was finalized under Article 6.4 of the Paris Agreement, establishing a UN-supervised global carbon market. This enables countries and companies to trade carbon credits, fostering international collaboration to reduce emissions.
2️⃣ Non-Market Approaches Adopted: COP29 approved a work program under Article 6.8, focusing on cooperative climate actions beyond market mechanisms.
3️⃣ Climate Finance Discussions Continue: Negotiations are advancing on a new global finance goal to support developing nations in mitigating and adapting to climate impacts, with commitments likely reaching hundreds of billions of dollars annually.
These outcomes represent critical steps toward enhanced accountability, transparency, and support for vulnerable nations in the fight against climate change.
#ClimateAction #COP29 #Sustainability #COP29Azerbaijan ##GlobalCollaboration
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I think they should be reached if the previous ones are already met
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Why do we always have to set new goals and come up with new agreements without clear roadmaps, and accountability mechanisms? This is why the implementation always falls short!!
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If all what is discussed and all what has been agreed upon is followed for sure we will have a better planet
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@kelvin_thuranira_kaberia True! But our leaders are not willing to walk their talks!