As countries, companies, and civil society gathered in Baku for COP29, the focus was on advancing collective efforts to meet the 1. The global community reached a pivotal agreement at COP28 to transition away from fossil fuels by , marking the beginning of the end of the fossil fuel era.
This year, all eyes are on countries to continue to make good on this pledge:. Countries are expected to enhance pledges for the NCQG in , offering crucial support for vulnerable states tackling the impacts of climate change.
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Expect in-depth dialogues on how countries plan to meet the Nationally Determined Contributions NDCs and enhance ambition to limit global warming, while emphasizing transparency, and accountability. South Pole's carbon market and climate policy experts will be present on the ground, hosting and joining important discussions to help translate commitments into meaningful action and progress β fast.
They discussed key developments, conclusions for global carbon markets, and the landscape for action in Net zero needs a high integrity, functioning carbon market and South Pole has been carefully preparing for the next phase of carbon market growth. What does it take to get the first Asian carbon project under Article 6 authorised?
Our experts share their top takeaways from COP28, key conclusions for carbon markets and the landscape for private sector action in Events at COP What can we expect from COP29? Focus on climate financing. Pushing the implementation of the Paris Agreement. Accelerating Article 6. Article 6. However, COP29 offers a chance to confirm consensus around a quick operationalisation. This will impact its helpfulness in scaling climate action quickly.
