On November 11, COP29 begins in Baku, Azerbaijan. Over the following two weeks, countries will negotiate a critical new climate finance goal, as well as their individual plans and commitments to address the climate crisis and keep global heating below 1.5C per the Paris Agreement. 350.org has two key demands for COP29, widely dubbed the “finance” COP: 1. Countries pledge at least $1 trillion in grants to the new climate finance goal, or New Collective Quantified Goal (NCQG). The financial, climate and social needs of the Global South should inform where this money comes from and how it’s delivered and spent. 2. Countries make ambitious national commitments, or Nationally Determined Contributions (NDCs), that are in line with fairly tripling renewable energy capacity and phasing out fossil fuels by 2030. Climate action depends on fair, equitable finance. That’s why our delegation of climate advocates, activists and policy analysts will be on-site to follow the negotiations and keep a finger on the pulse of the “finance” COP. Meet the team on the ground below, and reach out to [email protected] for media inquiries including additional sources for background, quotes and analysis.
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