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COP29, held in Baku, Azerbaijan, was a critical juncture for climate justice and global action. The conference unfolded amidst growing evidence of climate impacts, mounting calls for accountability, and urgent demands for equitable solutions. It highlighted the need to bridge the gap between global commitments and the realities faced by vulnerable nations, particularly in areas such as climate finance, loss and damage, and fossil fuel dependence.
While the fund’s operationalisation was hailed as a milestone, initial contributions of $200 million fell far short of the $300 billion estimated to be needed annually by 2030. The complexity of disbursement mechanisms also raised concerns about whether the fund would deliver timely and equitable support.
The conference also showcased innovations in climate action. Several countries and private entities announced groundbreaking initiatives, such as the expansion of renewable energy projects and large-scale reforestation efforts.
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