What are the world expect from COP29?
The COP29, which will take place between November 11, 22, will bring together leaders, business world and representatives of civil society from all over the world. However, this time carries a different meaning from others. Why? Because this year’s peak will be a critical milestone to determine how financial resources are provided to fight climate change. Countries around the world will not only be committed, but they will talk about where the money to bring these commitments to life. That’s why it’s called “Financial COP” to the peak!
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More welding, more action
[[T]In the country, they set various targets to fight climate crisis and reduce emissions. But the problem is that: these goals are often, how to finance are not certain words. Especially developing countries do not have enough resources to reduce both compliance and emissions. So COP29 will reevaluate the existing commitment of 100 billion dollars per year and a new financial goal will be determined. The world wants to see that at this peak will be really moving. [
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Zarar and the future of Damage Fund
The Damage and Damage Fund, established inCOP28, was created to provide support to countries damaged by climate change. But there is still a big problem: This is not clear how the fund will work! Which country can access this fund in which conditions? How quickly can they get support? It is expected to answer these questions in COP29. Because of climate change, people who lose their home, late resources hope that this fund effectively processes.
Great targets in energy conversion
If another important issue is energy conversion. The world’s renewable energy capacity is tripled up to 2030. But this requires very large investments. So, you need more than 1 trillion dollars per year to achieve this goal! Countries and investors in COP29 will discuss how to find this money and ways to speed up energy conversion.
Away migration for everyone
It is not only an environmental problem to move away from the fuels and fossils; but also a social issue. What are thousands of people working in coal mines? How to support communities who lose their resources? COP29 responds to these questions and is expected to develop policies for fair management of the transition process.
] The world expects concrete steps not only from COP29. Because now everyone knows: We did not have time to lose to solve the climate crisis!
]
More welding, more action
[[T]In the country, they set various targets to fight climate crisis and reduce emissions. But the problem is that: these goals are often, how to finance are not certain words. Especially developing countries do not have enough resources to reduce both compliance and emissions. So COP29 will reevaluate the existing commitment of 100 billion dollars per year and a new financial goal will be determined. The world wants to see that at this peak will be really moving. [
[
Zarar and the future of Damage Fund
The Damage and Damage Fund, established inCOP28, was created to provide support to countries damaged by climate change. But there is still a big problem: This is not clear how the fund will work! Which country can access this fund in which conditions? How quickly can they get support? It is expected to answer these questions in COP29. Because of climate change, people who lose their home, late resources hope that this fund effectively processes.
Great targets in energy conversion
If another important issue is energy conversion. The world’s renewable energy capacity is tripled up to 2030. But this requires very large investments. So, you need more than 1 trillion dollars per year to achieve this goal! Countries and investors in COP29 will discuss how to find this money and ways to speed up energy conversion.
Away migration for everyone
It is not only an environmental problem to move away from the fuels and fossils; but also a social issue. What are thousands of people working in coal mines? How to support communities who lose their resources? COP29 responds to these questions and is expected to develop policies for fair management of the transition process.
] The world expects concrete steps not only from COP29. Because now everyone knows: We did not have time to lose to solve the climate crisis!
Source: News