Rezeq Asali, IMBA’s Post

#COP29: Less ambition than hoped for, but renewed commitment to push forward with scaled subnational action While a historic finance deal—the first in 15 years—was announced, it falls far short of addressing the scale of the climate crisis. For vulnerable nations, many of which are located in Africa, the stakes are high, and critical questions remain: 1️⃣ Who funds it? 2️⃣ Who benefits? 3️⃣ How will it reach those who need it most? Our latest article unpacks key takeaways from COP29 and highlights why Africa’s subnational governments are essential in the global fight against climate change. Discover how ICLEI Africa is leading by example, supporting and collaborating with these governments on their sustainability journeys.  From locally-led adaptation to bold African leadership, the continent continues to demonstrate resilience and ingenuity in overcoming systemic barriers. We delve into five key takeaways from COP29: 💰Finance 🌱Adaptation 📑Capacity building 💡Just transitions ⚖️Operationalisation of Loss and Damage Fund Read more here 🔗 https://lnkd.in/dwky9HdW 💬 Join the conversation: How can we ensure Africa’s climate priorities are heard and acted upon? Share your thoughts in the comments. #ClimateAction #COP29 #AfricaLeads #ClimateFinance #urban #resilience #lossanddamage #justtransitions Kobie Brand Dr Meggan Spires Kate Leigh Strachan, PhD Michael Boulle Nelson de Lamare Manuel de Araujo Araujo Mohamed Sefiani ICLEI

🌍 Azerbaijan: A Global Leader, Enabler, and Player in Climate Finance 🌍 Proud to be part of the historic COP29 Azerbaijan in Baku, where Azerbaijan has truly stepped up as a driving force for climate action. The Baku Finance Goal, a breakthrough achievement of Azerbaijan's COP29 presidency, will mobilize $1.3 trillion in climate finance for developing countries by 2035. This includes a new core finance goal of $300 billion, setting a powerful precedent for global collaboration and investment in a sustainable future. 🌱💰 As President Aliyev and UN Secretary-General Guterres emphasized, this moment marks a pivotal step forward in our collective fight against climate change. Azerbaijan is not just hosting COP29; we are leading the way. #COP29 #ClimateFinance #Azerbaijan #ClimateAction #Sustainability #GlobalLeadership #ClimateGoals

Wrapping up the UN Climate Change Conference (COP29 Azerbaijan) in Baku, which provided crucial updates on climate finance: 🔹Africa needs $1.3 trillion annually to tackle climate challenges, yet COP29 commitments raised funding from $100 billion to just $300 billion by 2035. 🔹With 17 of the 20 most climate-vulnerable countries located in #Africa, the urgency is undeniable. 🔹#Article6 advancements in global carbon markets create an opportunity to mobilize private capital. Public funding alone can’t meet the challenge. Private capital, backed by innovative investment models like patient capital, is key to bridging the gap and driving climate resilience. At Satgana, we’re investing in scalable solutions to build a sustainable future for Africa and beyond. Together, we can make an impact. 🌱 #COP29 #ClimateFinance #Satgana

🌍 [Webinar] Fair Climate Transition: Africa at COP29: What’s at Stake and How to Obtain It 🌍 As the ‘Finance COP’ in Azerbaijan approaches, it is imperative that Africa asserts its needs on the global stage. In the face of escalating public debt and a rising cost of living, Africa is navigating a complex path towards sustainability. This webinar will address the pressing need for significant investments in green energy and infrastructure, predominantly from wealthier nations. 💡 What barriers must be overcome to unlock climate finance for Africa? 💡 How can a unified African approach at #COP29 ensure outcomes that drive both economic growth and green ambitions? 💡 Can Africa leverage its position to demand the funding it needs, even as many nations face their own domestic priorities? Don’t miss this opportunity to engage with key stakeholders! 🗓️ Date: 21th October 🕑 Time: 14:30 UTC Register Here: https://lnkd.in/erGdq_VK Speakers to be announced in the coming days ! #COP29 #AfricaClimateAction #ClimateFinance #Sustainability #GreenGrowth

The Conference of the Parties (COP) is an annual global summit uniting nations to tackle climate change and accelerate a sustainable future. As COP28 set momentum for resilience and carbon reduction, COP29 Azerbaijan will focus on four critical pillars: loss, damage, adaptation, and mitigation. These initiatives support climate-vulnerable countries through new infrastructure, net-zero transitions, and recovery funding when needed. GroundUp is proud to be a part of Ahya | احیا as they advance climate solutions in line with COP29's agenda. #GroundUp #COP29 #COP29Azerbaijan #Ahya #Baku2024 #Sustainability #ESGEmissions #AccelerateToNetZero #Carbonreduction #GreenEarth #Technology #AI

COP29: Africa's Climate Moment As we count down to COP29 in Baku, Azerbaijan, let's shine the spotlight on Africa's climate priorities! COP29 presents a pivotal opportunity for African nations to champion climate action, resilience, and sustainable development. Key focus areas for Africa include: *Climate Finance*: Mobilizing funds to support climate-resilient infrastructure, agriculture, and energy projects. *Adaptation and Resilience*: Enhancing climate information systems, early warning systems, and disaster risk reduction. *Energy Transition*: Accelerating Africa's renewable energy revolution, phasing out fossil fuels, and promoting energy access. *Loss and Damage*: Addressing the devastating impacts of climate change on African communities, ecosystems, and economies. *Climate Governance*: Strengthening national and regional institutions to drive climate policy, coordination, and implementation. As Africa's voice grows louder in global climate discussions, let's: Amplify African climate stories and solutions. Foster inclusive, collaborative climate governance. Drive ambitious climate action and implementation. Join me in advocating for Africa's climate interests at COP29! #COP29 #AfricaClimate #ClimateAction #SustainableDevelopment #ClimateJustice United Nations UNFCCC UN African Union African Development Bank Group AGNES Africa Share your thoughts on Africa's climate priorities! What actions do you think are crucial for COP29?

The Conference of the Parties (COP) is an annual global summit uniting nations to tackle climate change and accelerate a sustainable future. As COP28 set momentum for resilience and carbon reduction, COP29 Azerbaijan will focus on four critical pillars: loss, damage, adaptation, and mitigation. These initiatives support climate-vulnerable countries through new infrastructure, net-zero transitions, and recovery funding when needed. GroundUp is proud to be a part of Ahya | احیا as they advance climate solutions in line with COP29's agenda. #GroundUp #COP29 #COP29Azerbaijan #Ahya #Baku2024 #Sustainability #ESGEmissions #AccelerateToNetZero #Carbonreduction #GreenEarth #Technology #AI

At #COP29 in Baku, Azerbaijan, African nations have taken a bold stand, making a resounding demand for $1.3 trillion in annual climate finance. This demand reflects not just decades of unmet commitments and the continent’s disproportionate climate burden, but also its immense potential to lead in global climate solutions. Africa’s negotiators have rallied around these demands, insisting on accountability and immediate action from wealthier nations. With hashtags like #GlobalNorthPayUp and #StandUpForClimateFinancing trending worldwide, it’s clear the global community is watching closely. Will the global community rise to the occasion and honour its commitments? The stakes couldn’t be higher—for Africa and the planet. Swipe through to explore the key themes shaping Africa’s climate finance strategy. #COP29 #ClimateJustice #AfricaRising #Sustainability #AfriTradePulse UN Climate Change, African Development Bank Group, African Union, The World Bank Group, Green Climate Fund, ARISE IIP, African Export-Import Bank (Afreximbank), International Renewable Energy Agency (IRENA), Lord Alok Sharma KCMG, Patricia Espinosa Cantellano, Simon Stiell, Vanessa Nakate, Power Shift Africa, Ali Mohamed

#𝐂𝐎𝐏4 𝐁𝐮𝐞𝐧𝐨𝐬 𝐀𝐢𝐫𝐞𝐬 - 𝐒𝐮𝐩𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐢𝐧𝐠 𝐍𝐚𝐭𝐢𝐨𝐧𝐬 🌍 𝘏𝘰𝘸 𝘥𝘰 𝘸𝘦 𝘦𝘯𝘴𝘶𝘳𝘦 𝘳𝘰𝘣𝘶𝘴𝘵 𝘴𝘶𝘱𝘱𝘰𝘳𝘵 𝘧𝘰𝘳 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘪𝘯𝘨 𝘤𝘰𝘶𝘯𝘵𝘳𝘪𝘦𝘴 𝘪𝘯 #C𝘭𝘪𝘮𝘢𝘵𝘦A𝘤𝘵𝘪𝘰𝘯? 💡 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭: #COP4 led to the 𝐁𝐮𝐞𝐧𝐨𝐬 𝐀𝐢𝐫𝐞𝐬 𝐏𝐥𝐚𝐧 𝐨𝐟 𝐀𝐜𝐭𝐢𝐨𝐧, a commitment to aid developing nations through technology transfer and financial support. Over 20 years later, however, many are asking: Is this support meeting the needs? Will #COP29 finally deliver on the promises of #ClimateFinance and #TechnologyTransfer? COP29 Azerbaijan #COP29Azerbaijan #BuenosAiresCOP #ClimateFinance #COP29Countdown UNFCCC UN I Green Climate Fund I The World Bank I African Development Bank Group I Asian Development Bank (ADB) Alliance of Bioversity International and CIAT

As we join the UN Climate Change (UNFCCC) in Baku for COP29 Azerbaijan, we stand alongside 198 nations in advancing "Investing in a liveable planet for all." This year's theme underscores the critical need for climate finance to support resilient, sustainable solutions that foster a brighter future for all. We look forward to key partnerships - geared towards making climate finance more accessible and impactful. Through Tawazun, we're pioneering pathways for MENAP's enterprises to access VCM's and providing our region’s project developers access to climate finance. We are also deeply honored to receive the Middle East and Africa Goes Green Award, by the Ministry of Climate Change Egypt at the Arab League pavilion. UN Climate Change | COP29 Azerbaijan #AcceleratetoNetZero #COP29 #UNFCCC #ClimateAction #Baku2024