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UN Climate Conference: World discusses climate financing and protection of vulnerable regions

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Baku, Azerbaijan, November 11–22, 2024 – The UN Climate Conference COP29 begins next week, bringing together representatives from more than 190 countries to tackle the climate crisis.

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At COP29, the focus will be on urgent climate protection goals, particularly the aim of limiting global warming to a maximum of 1.5°C.

Other key issues include the equitable distribution of climate action responsibilities and financial support for vulnerable regions such as island nations and developing countries.

Germany is entering the conference with clear goals. The German government has committed to becoming climate neutral by 2045, which requires a significant reduction in emissions and a full transition away from fossil fuels. Expanding renewable energy, transforming the mobility sector, and promoting more sustainable industrial production are key elements of this strategy. However, these goals will require substantial investment and infrastructure adjustments.

Germany is also taking responsibility on the international stage. As one of the largest contributors to the Green Climate Fund, Germany is providing financial support for adaptation and protection measures in particularly vulnerable countries. In addition, Germany is advocating for a global carbon pricing system and increased efforts to reduce methane emissions.

Background Information

The annual UN Climate Conference (Conference of the Parties, COP) has been the central forum for international climate policy since 1995. COP29 in Baku will take place against the backdrop of increasing climate-related extreme events, which are posing significant challenges to societies and economies worldwide.

Previous conferences, especially COP21 in Paris (2015), have produced key agreements such as the Paris Agreement, in which countries committed to limiting global warming to well below 2°C, ideally to 1.5°C. However, the current measures are insufficient to meet this target. Projections show that current climate goals could lead to a temperature rise of around 2.7°C, with severe consequences for the environment and human society.

COP29 will be crucial for reviewing and adjusting global climate commitments. Germany will play a key role in presenting itself as a partner for stronger climate protection and supporting a sustainable global transformation.

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