29/11/2024
🌍 Updates from COP29 in Baku! 🌍
A few weeks ago, our team members Alex and Mark attended in Baku! They had a productive week, reconnecting with clients, attending 25th anniversary event, dining with and Climate Door and meeting diverse project developers.
Additionally, our colleague Serena participated in the panel discussion “Navigating Article 6: Opportunities and Challenges in International Carbon Markets”, joined by specialists such as International Policy Advisor and Head of Policy and Markets.
While this year’s COP faced its share of criticisms, particularly regarding the lack of clear commitments to transitioning away from fossil fuels, the need for global climate action was evident:
🌱 An ce for developing nations by 2035, focusing on adaptation, mitigation, and addressing loss and damage -
💰 Mechanisms for operating carbon markets under Article 6 of the Paris Agreement were agreed, creating a centralised system to fund climate projects in low-income regions while incorporating safeguards to protect Indigenous Peoples' rights -
📊 Enhanced transparency measures will improve climate reporting and accountability -
To learn more about this year's COP, click the link in our bio or head to our website!
