skyline of Baku, COP29

The Carbon Trust at COP29

COP29 is taking place in Baku 11 November – 22 November 2024 and the Carbon Trust will be actively participating in a range of events, as well as closely following the debates, reflecting on the actionable outcomes that it presents. 

Meet our COP29 delegation

Our delegation of experts will be on the ground in Baku participating in various events across the two weeks. Find out more about them below.

 

 

 

13 November 2024

The Carbon Trust partnership with Climate Action’s Innovation Zone 

The Climate Action Innovation Zone at COP29 aims to drive transformative climate action at speed and scale, by facilitating cross-sector collaboration, partnerships, capacity building and problem-solving across the innovation ecosystem of technology and solution providers, investors, governments, cities and change makers.

The Carbon Trust has partnered with Climate Action on the Innovation Zone for COP29. Within the Innovation Zone, the Sustainable Innovation Forum at COP29 will unite 1,000 global climate leaders from all sectors to build cross-sector partnerships, promote impactful business actions, mobilise green finance, and provide access to cutting-edge solutions for rapid global adoption.

On 13 November 17:10, Chris Stephens, Director of Asia and Africa at the Carbon Trust spoke on a panel exploring ‘Liftoff plans for the hard to abate sector’ alongside:

  • Andrew Steer, CEO, Bezos Earth Fund
  • Vanessa Chan, Chief Commercialisation Officer, U.S. Department of Energy
  • Prof. Miranda Barker OBE, Chair of the British Chamber of Commerce Net Zero Taskforce
  • Rana Ghoniem, Chief of the Energy Systems and Industrial Decarbonisation Unit, (UNIDO) 

Find out more about the Innovation Zone here.

 

14 November 2024

The Carbon Trust x CATA x Project Syndicate 

On 14 November at COP29 the Carbon Trust, in partnership with CATA and Project Syndicate, hosted a live-streamed panel on ‘Accelerating the transition to a decarbonised future’ exploring how a successful transition away from coal can help the world achieve its climate goals. Our Director of Asia and Africa, Chris Stephens was joined by Ramesh Subramaniam from the Asian Development Bank (ADB), Woochong Um from The Global Energy Alliance for People and Planet (GEAPP), Senator Sherry Rehman, the Chair of Pakistan's Climate Change Committee, and International journalist Rosanna Lockwood who moderated the session.

COP29’s focus on finance presented an opportunity to explore how the necessary capital can be mobilised to reduce emissions from coal, which remains the single largest source of global greenhouse gas emissions. The panel explored the following topics:

  • What must happen to mobilise the scale of finance needed to accelerate the coal-to-clean transition while addressing the related socioeconomic issues?
  • How can COP29 catalyse the necessary coalitions to demonstrate progress and to keep everyone's eye on the prize?

Thanks to Hi-Impact and Project Syndicate, official media partners of this year’s COP. If you were unable to tune in live, you can watch the recording here.
 

 

15 November 2024

Official UNFCCC Side event

On Friday 15 November, the Carbon Trust, in collaboration with the National Council on Climate Change (NCCC), hosted a high-level panel session exploring ecosystems needed to foster a value-added, climate-resilient, and just transition in emerging markets. The session unlocked the potential of localised value chains to build sustainable, equitable & resilient economies and highlight the role of climate finance.

The Carbon Trust Director of Asia and Africa, Chris Stephens, Associate Director, Bogi Hojgaard and Senior Manager Amanda Luna were joined by Dr. Kabir Yusuf, National Project Coordinator, Special Agro-Industrial Processing Zones Programme, Federal Ministry of Agriculture and Food Security, Nigeria and Mr. Muhammad Shahid Ahmed, Chief of Staff to the Chief Executive Officer, Nigerian Financial Intelligence Unit.

 

Our COP29 insights

Our experts have reflected on the critical importance of significant progress needed in Baku on the road to COP30.

With climate finance top of the agenda at COP, Head of Sustainable Finance, Pietro Rocco and Analyst Camilla Zanetti explore how ‘transition finance’ will play a role in the conversations and debates.

The Carbon Trust’s Net Zero Intelligence Unit (NZIU) asks how COP29 can accelerate climate action.

 


Follow our COP29 engagements on our LinkedIn page.

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