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COP29 Day 1 Summary: 11th November 2024

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The 29th United Nations Climate Change Conference (COP29) commenced on November 11, 2024, in Baku, Azerbaijan, marking a pivotal moment in global climate action. The opening day set the stage for almost two weeks of intensive negotiations and discussions aimed at addressing the escalating climate crisis.

COP29 Summary

Opening Ceremony Highlights

The conference began with an opening ceremony featuring speeches from key figures, including UN Secretary-General António Guterres and COP29 President Mukhtar Babayev. They emphasised the urgency of accelerating climate action and the necessity for collaborative efforts to limit global warming to 1.5°C above pre-industrial levels. The speakers called for enhanced ambition and enabling action, aligning with the conference’s overarching goals.

COP29 Key Themes and Objectives

COP29 is being referred to as the “Finance COP,” with a significant focus on climate finance. Discussions are centred on establishing a New Collective Quantified Goal (NCQG) to mobilise financial resources for developing countries, addressing both mitigation and adaptation needs. This initiative aims to bridge the existing finance gap and support vulnerable nations in their climate resilience efforts.

Another critical agenda item is the finalisation of rules under Article 6 of the Paris Agreement, which pertains to international carbon markets. Establishing transparent and robust mechanisms for carbon trading is seen as essential for cost-effective emission reductions and fostering sustainable development.

Side Events and Stakeholder Engagement

The opening day also featured various side events and forums, providing platforms for stakeholders from civil society, indigenous communities, and the private sector to share insights and best practices. These sessions highlighted innovative solutions and collaborative approaches to tackling climate challenges, emphasising the importance of inclusive participation in the climate dialogue.

As COP29 progresses, the international community anticipates concrete outcomes that will accelerate the transition to a low-carbon, climate-resilient future. The success of the conference hinges on the collective commitment of all parties to implement ambitious climate actions and provide the necessary support to those most affected by climate change.

Catch Up On Previous COP29​ Updates