UN Climate Change Conference 2024 in Baku
The International Climate Initiative at COP29 in Azerbaijan
Since the adoption of the Paris Agreement on climate change, limiting global warming to well below two degrees, and ideally to 1.5 degrees, has been a key objective of international efforts.
Progress is already being made around the world: The development of wind and solar energy is progressing in many countries, more and more cities are focusing on sustainable mobility, and many companies are investing in sustainable technologies such as green hydrogen. However, the global community is not yet on track to meet its climate targets. Extreme weather events, such as heat waves and hurricanes, whose frequency and intensity are influenced by progressive climate change, were also observed last year and continue to increase.
Tackling the climate crisis was therefore a top priority for the German government. At the 29th World Climate Conference, the COP29 in Azerbaijan, it will work to advance international climate actopm through ambitious agreements.
COP29 took place in Baku from 11 to 22 November - and the International Climate Initiative (IKI) was once again present at the conference with a wide range of topics and formats.
The COP29
Financing climate action
A new climate finance target was to be agreed at this year's COP. The USD 100 billion per year that developed countries have pledged for the period 2020-2025 is not enough to finance the global transformation and sufficient resilience. The funding required is in the trillions of dollars, which of course cannot be raised through traditional public climate finance. A completely different climate finance target is therefore needed, both quantitatively and qualitatively, that is 'fit for purpose' and in line with current economic and international developments.
Click here to read about the results of COP29 at the UNFCCC website
Mitigating greenhouse gases in industry
The industrial sector, particularly steel, cement and chemicals, accounts for about a quarter of global CO2 emissions from the energy system. Industrial processes continue to expand and capacities increase, particularly in the Global South. It is therefore crucial to find solutions at the global level to minimise emissions from this growth.
Click here to read how the IKI contributes to the decarbonisation of industries
"Team Germany" at COP29
The German government will be represented at COP29 by several Federal Ministers. The ministries' joint press release on the start of COP29 can be found here.
Further information
IKI priorities
Climate diplomacy
Comments on the start of the IKI Thematic Call 2024
The German government launched the new funding round during the IKI High Level Event at COP29.
The global energy transition is progressing faster than ever before. Almost a third of the world's electricity worldwide now comes from renewable, climate-friendly sources. Nevertheless, we need to take further steps. We must ensure that renewable energies can be reliably integrated into the grid and that even more countries are put in a position to expand and restructure their energy supply climate-neutral. To this end, the World Climate Conference in Baku must set the right course.
The climate crisis and the biodiversity crisis are inextricably linked. Through the International Climate Initiative, we are showing that nature-based solutions have multiple benefits in the fight against biodiversity loss, in climate change adaptation and greenhouse gas reduction. In view of the huge need for investment, this is also economically smart. These projects create new sources of income, thereby sustainably improving the livelihoods of local communities.
The climate crisis is the major security issue of our day and age. Many conflicts are already being negatively affected by the climate crisis: extreme heat, droughts and floods are exacerbating the fight for scarce resources. Climate protection is therefore also conflict prevention. With the International Climate Initiative, we are supporting innovative project ideas that encompass both climate adaptation and peace-promoting measures in order to support our partner countries, especially in African regions that are particularly affected by the climate crisis.
IKI funding
Overview: IKI events at the COP29 (archive)
This calendar provides an overview of IKI side events that took place at COP29. There is no claim to completeness, the organisers are responsible for the information provided.
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Thursday 14 November 2024
Innovative Research and Engagement Strategies for a Just Transition in the Global South
Innovative Research and Engagement Strategies for a Just Transition in the Global South
11/14/2024 - online and on site in Baku Details Innovative Research and Engagement Strategies for a Just Transition in the Global South -
Friday 15 November 2024
Peace and Security in a Changing Climate: From Analysis to Action
The Climate Security Mechanism and the Group of Friends on Climate and Security are convening a COP29 side event on climate, peace and security.
11/15/2024 - On site in Baku Details Peace and Security in a Changing Climate: From Analysis to Action -
Saturday 16 November 2024
Eyes on 1.5°: Innovative Solutions for Financing Hydrogen Infrastructure
Unlocking the Hydrogen Future: Financing the Infrastructure to Connect Global Production and Demand
11/16/2024 - On site in Baku Details Eyes on 1.5°: Innovative Solutions for Financing Hydrogen Infrastructure -
Saturday 16 November 2024
Beyond Blending: Climate finance for clean energy and adaptation businesses in developing countries
UNFCCC Official Side Event on how catalytic capital can bridge gaps in traditional blended finance and unlock transformative climate action.
11/16/2024 - On site in Baku Details Beyond Blending: Climate finance for clean energy and adaptation businesses in developing countries -
Monday 18 November 2024
Innovation through collaboration – building capacities to leverage frontier technologies for transforming climate adaptation
Simulation and use cases to examine opportunities and capacities for the most vulnerable stakeholders to leverage frontier technology for adaptation
Publications
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