The year 2024 was once again shaped by numerous devastating extreme weather events worldwide – and authoritative assessments by the UN Environment Programme, the International Energy Agency and other relevant organisations agree that the door to limiting the global average temperature increase to 1.5 degrees Celsius is rapidly closing.
At COP28 in Dubai, the global community concluded the first Global Stocktake under the Paris Agreement with a call to transition away from fossil fuels by 2050, to halt and reverse deforestation and forest degradation by 2030, to triple the globally installed capacity of renewable energies by 2030 and to double the annual rate of energy efficiency improvements. And the countries of the Global South have made it very clear that they need considerable financial support in order to be able to make their contribution to achieving these goals and at the same time better protect themselves against the consequences of climate change. However, COP28 has postponed the financial issue to COP29. The definition of a New Collective Quantified Goal (NCQG) for climate finance is therefore a top priority at COP29. In addition, the conference should more clearly define the expectations for the next round of Nationally Determined Contributions (NDCs).
The Wuppertal Institute and Table.Briefings are following the negotiations – and will discuss the conference outcomes on 28 November 2024 from 12:30 to 2 p.m. CET at the virtual, English-language Wuppertal Lunch "More Money, Less Problems? A Review of COP29".
What did the conference deliver, what expectations were met? These questions will be discussed by a panel with the following participants:
- Wolfgang Obergassel, Co-Head of the Global Climate Governance Research Unit at the Wuppertal Institute
- Carsten Elsner, Researcher in the Global Climate Governance Research Unit at the Wuppertal Institute
- Bernhard Pötter, Editorial Director Climate.Table from Table.Briefings
- Charlene Watson, Senior Research Associate at the ODI Global
- Avantika Goswami, Programme Manager Climate Change at the Centre for Science and Environment
Registration is possible via the link below. Participants will receive an email confirmation with information on participation after registration. Participation in the Wuppertal Lunch is free of charge.