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COP29 Day 2 Summary: 12th November 2024
On Day 2 of COP29 in Baku, Azerbaijan, global leaders continued discussions on urgent climate action, focusing on financing, emission reduction targets, and sustainable development. The day was marked by key announcements, including ambitious new targets and debates over the future role of fossil fuels, with some comments sparking controversy.
Azerbaijan's Stance on Fossil Fuels
Azerbaijani President Ilham Aliyev addressed the conference, emphasising the nation’s commitment to renewable energy projects. He also defended Azerbaijan’s oil and gas sectors, highlighting their role in the country’s economy. Aliyev went on to criticise international media for labelling Azerbaijan as a “petrostate,” noting that the nation accounts for less than 1% of global oil and gas production.
UK's Enhanced Emission Reduction Target
UK Prime Minister Keir Starmer announced a new climate target, committing to a 81% reduction in greenhouse gas emissions by 2035 from 1990 levels. This target aligns with recommendations from the UK’s Climate Change Committee. Starmer emphasised that achieving this goal would not require lifestyle changes for the general public, but would present significant economic opportunities through investment and job creation in the clean energy sector.
UN Secretary-General's Call for Action
UN Secretary-General António Guterres delivered a compelling address, urging nations to fulfil their financial commitments to combat climate change. He warned of severe human and environmental consequences if decisive action is not taken and called for a unified global response to address the climate crisis.
Focus on Climate Finance and Emission Reductions
The day’s discussions centred on enhancing Nationally Determined Contributions (NDCs) and supporting National Adaptation Plans (NAPs) to bolster countries’ resilience and reduce carbon footprints. Sessions also addressed the importance of climate finance, with leaders emphasising the need for substantial funding to aid vulnerable nations in adaptation, mitigation, and transition efforts.
Overall, Day 2 of COP29 was marked by ambitious commitments, collaborative dialogues, and a strong emphasis on climate finance as essential to achieving global climate goals.
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