Podcasts

Back

COP29 Preview: Carbon Markets, Finance, and Human Mobility

15
November 2024
Rim Berahab, Sabrine Emran, Amal El Ouassif

As COP29 unfolds in Baku, many critical climate issues are discussed and debated. This year’s conference is a pivotal moment for global climate action. Key topics on the agenda include the operationalization of the Loss and Damage Fund, the complexities of Article 6, and the human dimension of climate change, particularly migration and displacement. With a strong focus on finance, COP29 aims to scale up financial commitments and bridge gaps in resources and equity, setting the stage for more effective global climate action.

RELATED CONTENT

  • Re-Thinking the Global Architecture for Climate Financing
    Authors
    Hafez Ghanem
    December 20, 2024
    The agreement reached at COP 29 to provide $300 billion annually in climate financing to developing countries (excluding China) by 2035 marks a significant milestone, tripling the previous target. Yet, the response from developing countries has been overwhelmingly negative. A statement from the group of least developed countries labeled the agreement “a staggering betrayal of the world’s most vulnerable.” Similarly, representatives from major developing countries like India and Nige ...
  • Download PDF
    FROM ONE COP TO THE NEXT: How Has the Climate Finance Commitment Evolved During the Past Decades?
    Authors
    Larabi Jaïdi
    Rim Berahab
    Sabrine Emran
    December 19, 2024
    This paper assesses the outcomes of COP29 in Baku, focusing on its achievements and shortcomings in advancing global climate governance. Key milestones included the adoption of the new collective quantified goal (NCQG), the tripling of climate finance commitments to $300 billion annually by 2035, and progress on Article 6 carbon markets to mobilize international cooperation and finance. However, finance remains insufficient to meet the needs of developing countries, and unresolved i ...
  • Download PDF
    Flooding and Climate Shocks: Their Effect on Local Economies in the Lake Chad Basin
    Authors
    Rida Lyammouri
    Boglarka Bozsogi
    December 6, 2024
    Communities around the Lake Chad Basin (LCB) rely on three major economic activities: farming, fishing, and livestock herding. The floods that began in August 2024 damaged and destroyed hundreds of thousands of hectares of farmland, killed thousands of livestock, and rendered fishing unsafe for fishermen. This climate shock caused families dependent on these activities to lose their primary sources of income. Worse still, these economic activities also serve as the main source of da ...
  • COP29 Preview: Carbon Markets, Finance, and Human Mobility
    Rim Berahab, Sabrine Emran, Amal El Ouassif
    November 15, 2024
    As COP29 unfolds in Baku, many critical climate issues are discussed and debated. This year’s conference is a pivotal moment for global climate action. Key topics on the agenda include th ...
  • Exploring Article 6: The Key to Building a Global Carbon Market
    Authors
    Rim Berahab
    November 14, 2024
    At the COP29 climate summit that began on November 11, 2024, in Baku, Azerbaijan, one of the main focuses is Article 6 of the Paris Agreement. Article 6, introduced at COP21 in 2015 and shaped through years of negotiation, enables countries to meet climate targets collaboratively, either through carbon markets or non-market strategies. This section of the Paris Agreement has the potential to unlock significant climate finance, cut the cost of reducing emissions, and foster cooperati ...
  • حديث الثلاثاء :آليات التمويل المناخي كركيزة لتحقيق الاقتصاد الأخضر
    November 12, 2024
    مع تزايد التحديات البيئية وتفاقم تأثيرات التغير المناخي، بات التمويل المناخي ضرورةً ملحة لدفع التحول نحو اقتصاد منخفض الكربون ومستدام. فكيف يمكن توجيه الاستثمارات لتحقيق هذا الهدف؟ وما هي الأدوات المتاحة لدعم هذا التحول؟ تقدم لنا لوري هايتايان، مديرة معهد حوكمة الموارد الطبيعية للشرق ال...
  • Download PDF
    Debt And Climate: Empowering Debt for Climate Swaps to Finance the Green Transition in Africa
    Authors
    Malancha Chakrabarty
    Karim El Aynaoui
    Youssef El Jai
    Badr Mandri
    Manish K Shrivastava
    September 25, 2024
    This paper was originally published on t20brasil.org   In a global context marked by unprecedented economic and environmental challenges, Africa stands at a crossroads. The rapid rise in public debt, coupled with the climate emergency, imposes a dual constraint on the continent's countries, severely limiting their ability to pursue sustainable development and mitigate the effects of climate change. This critical situation calls for innovative and effective solutions capable of tra ...
  • Transition Finance in Partnership with GIP Africa
    July 25, 2024
    This event is organized by the Green Investment Principles (GIP) Africa Chapter, co-chaired by Bank of Africa and Ninety One, in partnership with the Policy Center for the New South (PCNS). The GIP Africa Chapter, established during COP27 in Egypt, is one of the regional chapters of the...
  • Economic drivers of deforestation in the Brazilian Legal Amazon
    Authors
    Eduardo Amaral Haddad
    Inácio F. Araújo
    Rafael Feltran-Barbieri
    Fernando S. Perobelli
    Ademir Rocha
    Karina S. Sass
    Carlos A. Nobre
    June 27, 2024
    This paper was originally published in nature.com   Deforestation in the Brazilian Legal Amazon remains a challenge due to its detrimental effects on ecosystems and the associated increase in greenhouse gas emissions. Such deforestation can be driven by foreign demand in terms of international exports, as well as domestic demand. However, most efforts to quantify the associations between consumer markets and deforestation mainly consider international exports rather than domestic ...
  • Politics and Climate Change
    Authors
    Otaviano Canuto
    June 27, 2024
    The earth’s average surface temperature in May 2024 was higher than any other May on record, marking the twelfth consecutive such record-breaking month. According to the European Union’s Copernicus Climate Change Service, May’s temperature was 1.52 degrees Celsius above the pre-industrial average, while temperatures over the past twelve months have averaged 1.63°C above (Figure 1). Global sea surface temperatures have also set records over the past fourteen months.   Consider the e ...