BS EDIT: A tough climate: COP29's challenges and road ahead

By Business StandardPublished On Nov 12, 2024

Limited progress at COP29

COP29 in Baku faces challenges with key global players sidelined, risking the conference being more symbolic than transformative in addressing climate action

Azerbaijan’s fossil-fuel dependence

Azerbaijan's reliance on fossil fuels raises concerns about COP29’s effectiveness, as it may struggle to set a strong example for climate solutions

A sideline role for climate players

With India and the US unlikely to engage at COP29, concerns grow over the lack of participation from major emitters, weakening the conference's impact on climate action

The UAE consensus

COP28 in Dubai marked a milestone with the "UAE consensus" on transitioning away from fossil-fuel energy systems

COP29 aims to build on this, but the global funding gap remains a major roadblock

A continued struggle for funding

COP29's focus on climate finance faces challenges as the $100 billion annual goal remains unmet, and new financial mechanisms fail, leaving developing nations vulnerable

NDCs and voluntary pledges

COP29's revised NDCs may lack impact as voluntary pledges with no penalties highlight the gap between political will and real progress on climate goals