{"id":62332,"date":"2025-01-17T15:15:40","date_gmt":"2025-01-17T15:15:40","guid":{"rendered":"https:\/\/sgkplanet.com\/?p=62332"},"modified":"2025-01-17T15:15:40","modified_gmt":"2025-01-17T15:15:40","slug":"summary-and-conclusions-of-cop29-baku-azerbaijan-2024","status":"publish","type":"post","link":"https:\/\/sgkplanet.com\/en\/summary-and-conclusions-of-cop29-baku-azerbaijan-2024\/","title":{"rendered":"Summary and conclusions of COP29 Baku, Azerbaijan 2024"},"content":{"rendered":"

Relevant data on COP29<\/strong><\/p>\n

Event duration <\/strong>: November 11-22, 2024<\/p>\n

Name <\/strong>: COP29 or 29th Conference of the Parties.<\/p>\n

This year\u2019s main themes: Climate finance <\/strong>and carbon markets<\/strong>. These focused on the funding available and creating effective mechanisms for carbon markets.<\/p>\n

The notable absentees: German <\/strong>Chancellor Olaf Scholz, Indian <\/strong>Prime Minister Narendra Modi, US President <\/strong>Joe Biden, Chinese <\/strong>President Xi Jinping, French President <\/strong>Emmanuel Macron and Brazilian President <\/strong>Lula da Silva, among others.<\/p>\n

Location: <\/strong>Baku, Azerbaijan<\/p>\n

President<\/strong> from <\/strong>Azerbaijan <\/strong>: Ilham Aliyev<\/p>\n

Economy of Azerbaijan. <\/strong>The country It is a major producer of crude oil and natural gas. Oil and gas account for two-thirds of its GDP. The hydrocarbon sector accounts for more than 90% of its exports. It has one of the highest energy self-sufficiency rates in the world.<\/p>\n

Population <\/strong>: 10.11 million inhabitants (2023). World Bank<\/p>\n

Motto: \u201c<\/strong>In solidarity for a green world\u201d<\/p>\n

Logo:<\/strong><\/p>\n

\"\"<\/strong><\/p>\n

COP29 Summary<\/strong><\/p>\n

COP29, which is focused on climate finance and carbon markets, started with a bad omen, a consequence of what happened at COP-16 Biodiversity, Cali, Colombia, held just ten days before the start of COP29.<\/p>\n

On the last night of COP16 Biodiversity, an agreement could not be reached with the most polluting and deforesting countries regarding funding for nature conservation. After long sessions, the delegates began to leave without waiting for the end. You could say that they came to the theatre, saw the play, ate and left without paying <\/strong>. But this is no joke, but rather a great sword of Damocles that threatens the biological diversity of the planet like never before.<\/p>\n

At SGK-PLANET <\/strong>we already warned a week before the start of COP29 that something similar could happen, especially since COP29 is the so-called financing summit<\/strong>.<\/p>\n

As expected, our prediction came true, although in the COP29 scenario this is more serious than in COP26-Biodiversity, because these summits are about climate change on the planet <\/strong>, which threatens all living and non-living beings on Earth. (in Venezuela the last glacier, located in the Andes, melted during this year 2024).<\/p>\n

An inexcusable statement<\/strong><\/p>\n

COP29 was chaired by Muxtar Babayev, Azerbaijan’s Minister of Ecology and Natural Resources, who has held that position since 2018. Babayev studied at Moscow State University and was a member of the National Assembly of the Republic of Azerbaijan (2010-2018).<\/p>\n

Azerbaijani President Ilham Aliyev in his opening speech stated:<\/p>\n

\u201cOil and gas are a gift from God, just like the sun, the wind and minerals\u2026 \u201cAll natural resources, whether oil, gas, wind, sun, gold, silver, copper, they are all natural resources. Countries should not be blamed for having them, or for bringing them to market, because the market needs them.\u201d<\/strong><\/p>\n

Criticism of this statement was not long in coming<\/strong><\/p>\n

Among them we highlight the opinion of Romain Loualalen, global policy leader of the campaign group Oil Change International, reproduced by France Press <\/a>:<\/p>\n

\u201cUsing a climate conference to promote continued production and use of fossil fuels is\u2026 provocative and deeply disrespectful to countries on the front lines of climate impacts <\/strong>, \u201d express.<\/p>\n

At SGK-PLANET, <\/strong>we believe:<\/p>\n

This is something to behold, because instead of inspiring the parties to accelerate the fight against climate change, mainly caused by fossil fuel emissions, the president of Azerbaijan found nothing better to do than to praise the hydrocarbon business.<\/p>\n

In addition, he put on the same scale: oil, gas, wind, sun, gold, silver, copper.<\/p>\n

Moreover, 2024 was the third consecutive year in which an oil-producing country hosted one of these conferences. COP27 took <\/strong>place in Sharm el-Sheikh, Egypt. COP28 <\/strong>in Dubai, United Arab Emirates. COP29 <\/strong>, as we know, was organized in Azerbaijan.<\/p>\n

Given these inconsistencies, we should not be surprised that 2024 once again marked a record for global warming,<\/strong> as we pointed out in the SGK-PLANET Climate Critique<\/strong> section.<\/p>\n

The absence of large countries at COP29 was also criticized .<\/strong><\/p>\n

\u201cThose responsible for this are not here,\u201d Belarusian President Aleksandr Lukashenko said. \u201cHow effective are our actions at this meeting when the President of France, which was the country responsible for Paris, is not even here and considers it irrelevant? There is nothing to be proud of,\u201d he claimed.<\/p>\n

The controversial issue of financing<\/strong><\/p>\n

What is climate finance?<\/p>\n

\u201cAccording to the United Nations Framework Convention on Climate Change (UNFCCC), climate finance is local, national or transnational financing from public, private and alternative sources that seeks to support climate change mitigation and adaptation actions.<\/p>\n

Another definition is that of the UNFCCC’s Standing Committee on Climate Finance (CPF), according to which climate finance aims to reduce emissions and improve greenhouse gas sinks, as well as reduce vulnerability and maintain and increase the resilience of human and ecological systems to the negative impacts of climate change.” Iberdrola<\/a><\/p>\n

\u201cThe parties agreed on a \u201cNew Collective Quantified Goal\u201d for climate finance to support developing countries in two parts:<\/p>\n