The 29th UN Climate Change Conference (COP29) in Baku, Azerbaijan, wrapped up with landmark decisions to expedite global climate efforts. Highlights included the ambitious goal of tripling annual climate finance to $300 billion by 2035, the establishment of a global carbon market under Article 6 of the Paris Agreement, and strengthened measures under the Enhanced Transparency Framework to ensure accountability.
The conference unveiled the Baku Adaptation Road Map, prioritizing swift implementation of National Adaptation Plans and inclusive strategies involving indigenous communities. Gender equality remained central with the extension of the Lima Work Programme on Gender for another decade. A Youth-led Climate Forum showcased the importance of intergenerational cooperation, while nations committed to revising Nationally Determined Contributions (NDCs) by 2025, focusing on phasing out fossil fuels and advancing the energy transition.
As the world looks to COP30 in Belem, Brazil, the momentum set in Baku is expected to drive bold climate actions and secure progress towards the critical 1.5°C target.