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COP 29 took place on 11 to 22 November 2024.

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COP 29 took place on 11 to 22 November 2024.

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Using a mindmap, summarise several points that were discussed and include ONE key outcome of the COP.

Provide your references.

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COP 27: Sharm El-Sheikh Climate Conference 

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COP 27: Sharm El-Sheikh Climate Conference 

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2024 United Nations Climate Change Conference

Held in Baku, Azerbaijan

https://en.wikipedia.org/wiki/2024_United_Nations_Climate_Change_Conference

https://www.wri.org/insights/cop29-outcomes-next-steps

https://www.carbonbrief.org/cop29-key-outcomes-agreed-at-the-un-climate-talks-in-baku/https://unfccc.int/sites/default/files/resource/A6.4-STAN-METH-001.pdf

https://www.wri.org/paris-rulebook/carbon-markets-and-other-cooperative-implementation

https://www.wri.org/insights/global-goal-on-adaptation-explained

https://www.ccacoalition.org/news/lowering-organic-waste-methane-initiative-supports-global-methane-pledge-cop29-declaration-reducing-methane-organic-waste

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Countries agree to phase down coal as an energy source (not completely)

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Inefficient fuel subsidies by the government will be phased out

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Countries representing 75% of global GDP launched the Breakthrough Agenda to accelerate decarbonization in the most critical sectors

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the target goal of ending sales of new carbon-emitting cars and vans by 2040 and replacing with zero-emission vehicles.

https://www.un.org/en/climatechange/cop26

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Aims to make clean technologies and sustainable solutions affordable and accelerate decarbonisation

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halt and reverse forest loss and degradation

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more financial support from private financial institution and central banks to support net zero emission goals

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role of indigenous people as experts and stewards of nature were recognized in this COP, governments are urged to actively engage indigenous community in climate action.

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reduction of methane emissions by 30% over 2020 - 2030

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many countires pledged net zero emission by 2050 after COP 26

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A new climate loss and damage fund will be established to support the rebuilding of nations worst hit by climate change impacts

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JETP is a climate finance agreement to fund energy transition for developing countries undergoing rapid economic growth

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little progress to COP 26’s pledge to halt deforestation, only Indonesia reduced deforestation in 2021 where Norway has agreed in September 2022 to pay Indonesia for the carbon emissions reduced through their forests and peatlands protection and restoration.

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95% of countries have promised to reduce methane emissions since the methane reduction pledge started in COP 26

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Developed nations agreeing to help channel “at least” $300bn a year into developing countries by 2035, as part of a broader $1.3 trillion climate finance goal to support their efforts to deal with climate change

https://www.carbonbrief.org/cop29-key-outcomes-agreed-at-the-un-climate-talks-in-baku/

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COP29 outcome called on all actors to work toward enabling $1.3 trillion in finance for developing countries by 2035, encompassing the $300 billion as well as finance from other sources, such as significant private sector flows

Addressing finance quality and access

(ensuing even the poorest vulnerable countries are reached by the distribution of funds)

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Aiming to support developing countries in mitigating and adapting to climate change impacts, including both public and private financial flows

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Thirty countries — representing nearly 50% of all methane emissions from organic waste signed the COP29 Declaration on Reducing Methane from Organic Waste.

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The climate finance agreement which was reached in Baku sets an important albeit modest, foundation which would help develop countries transition to a low-carbon future, together with goals on scaling up renewable energy, cutting transport emissions and protecting forests and protect their citizens from climate impact

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Moving forward with a set of standards adopted by the PACM Supervisory Body, involving carbon removals, methodologies for crediting, and social and environmental safeguards.

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For Internationally Traded Mitigation Outcomes ITMO trades, once a carbon credit has been traded, authorization cannot be changed by the issuing country without prior agreement

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A goal for countries to enhance their adaptative capacity, strengthen resilience an reduce vulnerability to climate change was established

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Countries agreed to launch the Baku Adaptation Roadmap, which aims to foster implementation of the framework for global climate resilience. Delegates also agreed to include the Global Goal on Adaptation GGA as a standing agenda item for future meetings.

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National Adaptation Plans NAPs made considerable progress during the negotiations however countries failed to reach agreement on key issues

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Countries were unable to agree on key issues of the Warsaw International Mechanism for Loss and Damage WIM

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More than 100 countries agreed to increase global energy storage sixfold.