Baku, Azerbaijan, where COP 29 will be held.

This year’s UN Climate Change Conference (COP 29) kicks off on November 11 in Baku, Azerbaijan, with a focus on a cornerstone of global climate action—finance.

What’s on the agenda? Parties will be negotiating a New Collective Quantified Goal (NCQG )—a more ambitious, transparent, and predictable climate finance target that better addresses the needs of developing countries for mitigation, adaptation, and loss and damage. There’s still much to settle, from the scale of funding to questions about responsibility: who contributes, and what exactly will the finance cover?

It’s also the last COP before the February 2025 deadline to update nationally determined contributions (NDCs), building momentum for ambitious national commitments. It is essential that NDCs reflect the outcomes of the global stocktake (GST) adopted at COP 28, notably the landmark decision to transition away from fossil fuels.  

Baku is a critical opportunity to accelerate global adaptation action as parties will be assessing progress of countries’ National Adaptation Plan (NAP) processes and identifying the way forward with a strong focus on implementation and support.  

Negotiators will also revisit Article 6 of the Paris Agreement , aiming to establish stronger rules for global emissions trading.

IISD will be closely monitoring these discussions, offering support to negotiations and delivering daily reports on the decisions shaping global climate action.
 

Need to Know: What we want to see at COP 29

IISD's Earth Negotiations Bulletin Reporting On-Site

For over 30 years, Earth Negotiations Bulletin has provided authoritative, in-depth reporting on United Nations negotiations involving the environment and development. Our reporters will be covering each day of the talks in Baku, explaining what's happening and what it means for climate action.

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