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    carbon credits

    Protest at COP29

    COP29 Was a Missed Opportunity: Rethinking Our Path to a Just and Sustainable Future

    COP30 must be the summit that moves beyond the transactional nature of past negotiations to embrace ideas that recognize the intrinsic value of nature and the need for global solidarity in protecting it.

    Carlos Adrian Perez
    Dec 17, 2024

    COP29 in Baku, Azerbaijan has come and gone, leaving behind a sense of cautious reflection rather than the transformative shift many had hoped for. While the summit certainly brought some progress, it has left us with the bittersweet feeling that the climate crisis, with its urgent and pervasive impacts, still seems to be an issue addressed by small steps rather than bold, immediate action. In this sense, COP29 could be seen as both a missed opportunity and a call to rethink our approach to climate change.

    A key discussion centered on mobilizing $300 billion annually by 2035 for climate mitigation efforts in vulnerable countries. While this figure might seem substantial, experts argue that at least $1.3 trillion is needed to address the crisis effectively. Even more concerning, however, is the lack of clarity about the sources of this funding; whether public or private, and how it will be allocated. While the commitments made are modest, they underscore a greater issue: the need for a radical shift in how climate finance is understood and structured.

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    Opinion
    cop29
    An activist speaks into a megaphone.

    'Unacceptable': Campaigners Decry Climate Finance Failures as COP29 Enters Final Hours

    "By the end of the UN climate talks, we must see at least a trillion dollars in public finance on the table," said one campaigner.

    Eloise Goldsmith
    Nov 21, 2024

    As the clock winds down at the UN climate summit taking place in Baku, Azerbaijan, green groups are sounding the alarm Thursday following the release of a draft climate finance deal that they say falls short of what's needed to support climate-vulnerable countries and adequately address the planetary crisis.

    "The clock is ticking. COP29 is now down to the wire," said UN Secretary-General António Guterres on Thursday, just a day before the two-week conference is set to conclude.

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    News
    cop29
    Activist holds sign saying, "Pay up," at COP29.

    The Climate Finance Plan Leaders Won’t Consider at COP29? Tax the Rich

    A global 2% annual tax on billionaire wealth could raise $250 billion per year from just the world’s 100 richest families.

    Sam Pizzigati
    Nov 19, 2024

    The world desperately needs to pull the plug on fossil fuels. So agree most of the official delegates from nearly 200 nations who have gathered this month by the Caspian Sea for the 29th annual global “Conference of the Parties” on climate change—COP29 for short—in Azerbaijan’s capital city Baku.

    But not all the estimated 70,000 attendees at this year’s COP are practicing what they should be preaching. Private jet arrivals at Baku’s international airport, news reports note, have just doubled.

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    Opinion
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