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COP29

baku at sunset

Back from the enabling COP: Negotiators analyze outcomes from Baku

Climate finance was front and center, while a leading actor was relegated to a sideline role. In a CMCC webinar, negotiators returning from Baku take stock of key aspects of COP29, such as the complex context of the negotiations, decisions on the New Collective Quantified Goal, the Baku-to-Belem roadmap, news on the carbon market, global cooperation, and adaptation. Throughout, it emerges that bridging scientific insights with policy is more essential than ever to transform commitments into meaningful climate action.

case circondate dall'acqua sotto il cielo nuvoloso

COP29 Spotlight | Loss and Damage funding has to be at core of new climate finance regime

The focus of the ongoing COP is to decide on a new finance regime. Major polluters will be asked to massively increase their financial contributions to developing nations. Researchers from IIASA and CMCC show that Loss and Damage needs of vulnerable countries range between roughly 130 and 940 billion Dollars in 2025 alone. On top of money for mitigation and adaptation.

COP29 Spotlight | Agriculture, forestry, and other land use

At COP29 the critical role of agriculture, forestry, and other land use (AFOLU) as both a catalyst and a provider of potential solutions to rising emissions is of significant importance. “COP29 must lay the groundwork for COP30 by prioritizing sustainable land-use strategies and ensuring stronger commitments to reducing emissions from land use,” says CMCC researcher and member of the Italian delegation to COP29 Matteo Bellotta.

land-based carbon removal

COP29 Spotlight | Land-based carbon removal and the climate crisis

Removing carbon from the atmosphere will play a crucial role in the ability of countries to reach their climate goals. “Alongside the role of carbon capture technologies, enhancing the carbon sink potential land sector is the solution to offsetting residual un-abatable emissions and therefore achieving net-zero targets,” says Maria Vincenza Chiriacò, CMCC researcher and member of the Italian delegation to COP29 – where Parties to the Paris Agreement are working towards establishing clear and rigorous rules for a UN backed-global carbon market.

COP29 Spotlight | A collective financial goal for a just transition

Mitigation and adaptation finance are critical elements in climate negotiations aimed at building a more resilient future. “COP29 has already been called ‘the Finance COP’ due to the importance of the New Collective Quantified Goal on Climate Finance (NCQG), which will replace the previous USD 100 billion goal,” says Marta Ellena, CMCC researcher and member of the Italian delegation to COP29. Frontier climate research, such as that conducted at CMCC, can support international and local climate financing mechanisms by quantifying needs, evaluating and devising effective policies, and ensuring accountability and transparency of financial flows.

a giraffe in Nairobi National Park Gate, Nairobi, Kenya

COP29 Spotlight | The critical role of National Adaptation Plans for Least Developed Countries

As the world’s leaders, scientists, and policy experts gather for COP29 in Baku, discussions around National Adaptation Plans for the most vulnerable nations, particularly least developed countries, are poised to take center stage. With climate change disproportionately impacting these regions, scientific insight from CMCC researcher Caterina Guidi highlights that adaptation is not just a policy goal but an urgent necessity for survival and sustainable development.

COP29 Spotlight | Loss and Damage: At the forefront of climate impacts

“We need to pull together and scale up resources within and beyond the UNFCCC and the Paris Agreement, and ensure that these resources reach those most in need,” say CMCC experts in the buildup to COP29. Following the creation of the Loss and Damage Fund, economic and adaptation experts have focused on estimating the amount of financial resources needed to support vulnerable regions whilst promoting a just allocation that reflects the unequal distribution of climate impacts. After the official operationalization of the Fund and the first round of commitments, pledges have reached over 700 million USD in 2024.