The COP29 conference was headquartered at Baku Stadium in Azerbaijan between 11-22 November 2024. There were ultimately around 56,000 attendees at COP29. This is the second highest in history, but a substantial reduction on the number of attendees at COP28 in Dubai, where 83,000 were present.
In this paper we cover key themes, including:
- The New Collective Quantified Goal (NCQG) set up by the UNFCCC.
- The updated NDCs.
- Article 6 – conclusion on high integrity carbon markets.
- The Loss and Damage Fund.
- Other intiatives such as Water for Action, the declaration on reducing methane from organic waste, and more.
- Thematic forums and summits, including the Sustainable Innovation Forum, Agri-Food Systems Summit and Hydrogen Transition Summit.
We also examine implications for investors including the key backdrops of COP29, emerging investment opportunities, long term considerations and prospective future investment solutions.
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