Azerbaijan’s BAKU: Climate activists, world leaders, and investors reflected on the worldwide implications of climate change and the pressing need for practical solutions as the 2024 United Nations Climate Change Conference ended in the capital of Azerbaijan on Friday.
This year’s gathering focused on funding systems, specifically on lessening the suffering of vulnerable countries, particularly developing nations, which are most impacted by climate change.
From November 11 to 22, 200 countries’ worth of politicians, academics, and environmentalists gathered for COP29, the 29th Conference of the Parties under the United Nations climate agency UNFCCC.
Given that emissions from fossil fuels continue to be the primary cause of global warming, energy transition emerged as a major subject.
According to the UN, burning coal, oil, and gas is responsible for around 90% of all carbon dioxide emissions and more than 75% of global greenhouse gas emissions.
According to policymakers, reducing dependence on conventional fuels and embracing contemporary energy options may drastically reduce the world’s carbon footprint and get it closer to net-zero goals. According to the University of Exeter’s Global Carbon Budget, total CO2 emissions are expected to increase from 40.6 billion metric tons in 2023 to 41.6 billion in 2024.
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