December 19, 2024
This paper assesses the outcomes of COP29 in Baku, focusing on its achievements and shortcomings in advancing global climate governance. Key milestones included the adoption of the new collective quantified goal (NCQG), the tripling of climate finance commitments to $300 billion annually by 2035, and progress on Article 6 carbon markets to mobilize international cooperation and finance. However, finance remains insufficient to meet the needs of developing countries, and unresolved i ...