COP29 takes place from 11 to 22 November 2024 in Baku (Azerbaijan). A Parliament delegation will attend the gathering between 18 and 22 November. COP29 aims to provide an overview of current progress on its climate goals, as well as financial support for global climate action while countries are in the process of developing new climate commitments under the Paris Agreement, which have to be communicated in early 2025.

In a draft proposal MEPs want all countries to agree on a new post-2025 collective goal on climate finance. They want COP29 to send an “unambiguous signal” as a follow-up to the COP28 commitment to transition away from fossil fuels. They encourage all countries to phase out all direct and indirect fossil fuels subsidies as soon as possible and reallocate these resources towards climate action.

copyright: Jon Le-Bon/AdobeStock