From conflict to cooperation
AS we approach the 29th Conference of Parties to be held in Baku, Azerbaijan, the most important discussions will pivot around enhancing the Nationally Determined Contributions and the New Collective Quantified Goal. Both will require high-level political commitment with adequate financial cash flows and investments in policy and action to keep the people and planet safe. COP29, labelled as the COP of action and ambition, will be judged by how it uses the COP presidency to align enhanced NDCs with the vison of the Global Stocktake (GST) at COP28. The business-as-usual approach is not likely to achieve desired outcomes. The GST on energy at COP28 made clear the need for transitioning away from fossil fuels to renewable energy requiring member states to:
• transition away from fossil fuel in energy systems, in a just, orderly and equitable manner, accelerating action in this critical decade, in keeping with the science, and with developed countries taking the lead;
• increase global energy capacity threefold by 2030 and enhance the worldwide annual average rate of energy efficiency improvements twofold;
• eliminate inefficient fossil fuel subsidies that fail to tackle energy poverty or facilitate equitable transitions as swiftly as possible.
COP29 will mark the beginning of this journey spread over the next nine to 12 months when countries will be asked to submit enhanced NDCs aligned with the 1.5 degrees Celsius, including actionable energy transition targets and strategies, underpinned by robust implementation........
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