COP29 Key Take Aways, Negotiations, Side Events and Coverage

CGIAR 26/11/2024

As the curtains close on COP29 in Baku, we reflect on two weeks of intense negotiations, side events, and discussions. The conference, branded as the “Finance COP,” set the stage for critical conversations about global climate goals, adaptation, and finance— at CGIAR we viewed these through the lens of food systems and agriculture.

This year, CGIAR played a significant role in advancing these conversations. At the Food and Agriculture Pavilion, we hosted over 44 events, highlighting efforts to drive adaptation and reduce emissions across food, land, and water systems. These events, along with CGIAR’s leadership in 8 official UNFCCC events, including a key session on Food and Agriculture Day, showcased our commitment to putting science and innovation at the forefront of climate solutions. Beyond the Pavilion, CGIAR colleagues participated in numerous side events, amplifying our mission and insights.

Our team also worked diligently to provide impactful knowledge products throughout the conference. From the launch of 9 Issue Briefs to inform COP29 to daily reflections and updates, we ensured that the critical intersections of food systems, finance, and equity were well-represented in global discussions

Key Takeaways from COP29

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• - The adoption of the New Collective Quantified Goal (NCQG) set at USD 300 billion annually 2035, alongside the agreement for all parties to work together to scale up finance to developing countries to USD 1.3 trillion per year by 2035.
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• - The adoption of Article 6, which outlines the final framework for how carbon markets will function under the Paris Agreement, making the carbon crediting mechanism fully operational. The text also includes a clear mandate in Article 6.4 for the UN Carbon market to align with science.
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• - The adoption of the new Global Goal of Adaption (GGA) text without intervention. The text launched the Baku Adaptation Roadmap and shifted the discussion of National Adaptation Plans (NAPs) to Bonn in June 2025.
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• - The extension of the Lima Work Programme on Gender and Climate Change for another decade, reaffirming the importance of gender equality and advancing gender mainstreaming throughout the convention.
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• - The adoption of a 4-page text for the Sharm-el-Sheikh Joint Work on Implementation of Climate Action on Agriculture and Food Security (SJWA).
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• - The Loss and Damage Fund is now operational. Pledges made during COP29 brought its total up from $674 to $759 million. Parties agreed that loss and damage would not beincluded under the NCQG finance and further discussions were deferred to future climate negotiations in June 2025.
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• - The summit closed without agreement on the just transition work programme (JTWP).

See

https://www.cgiar.org/news-events/news/cop29-key-take-aways-negotiations-side-events-and-coverage/