# Major Climate Conference Begins in Azerbaijan, Missing Key Leaders

- Link: https://www.thailand-business-news.com/environment/174400-major-climate-conference-begins-in-azerbaijan-missing-key-leaders
- Published: 2024-11-12T16:00:10+07:00
- Author: Zaw Win Maung

The United Nations climate change conference, COP29, begins in Baku, Azerbaijan,
amid concerns about the hottest year on record and the urgent need to address climate
change.

 * The COP29 conference in Baku, Azerbaijan will address the critical need for coordinated
   global action to combat climate change amid rising temperatures and geopolitical
   challenges.
 * Key topics of discussion at COP29 include climate finance, carbon emissions markets,
   and the submission of updated national targets for reducing emissions.
 * The reelection of Donald Trump and the absence of key leaders at the conference
   raise concerns about the potential impact on meaningful climate action, while
   some developing countries express frustration with past inaction.

Key topics include setting new goals for climate finance and finalizing plans for
carbon emissions markets. The absence of key leaders, including the U.S., India,
and Japan, due to political changes and military conflicts, raises uncertainty about
the conference’s outcome.

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Developing countries, feeling marginalized, are skeptical about the conference’s
effectiveness despite the pressing need for action.

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The world must agree on a new climate finance goal to replace the previous $100 
billion annual target, which was only met in 2022, two years late. This delay eroded
trust between richer and poorer nations, who now demand more support to transition
to a low-carbon future and address the escalating impacts of climate change.

The post-2025 funding goal, expected to be a key outcome of COP29, may reach $1 
trillion annually, with funds split between emissions cuts, adaptation, and disaster
relief, though a UN report found that developing nations will require $2.4 trillion
per year by 2030.