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Midway through COP29, real economy actors hone in on stronger national climate plans and an ambitious finance outcome

By Climate Champions | November 17, 2024

Week one of COP29 saw continued climate action and leadership from businesses, investors, cities, states, regions and civil society. As the daily Top of the COP newsletter demonstrates, progress and momentum continues to build across sectors and geographies, with non-State actors calling for high ambition COP outcomes, including a fair climate finance deal and strong investable national climate and adaptation plans from all countries.

In an updated edition of the report Whole-of-Society rallies to support strong National Climate Plans, the Champions presented the insights and tangible support offered by non-State actors for the design and implementation of high-ambition, investable, implementable Nationally Determined Contributions (NDCs) to attract investment and spur further action.

The report summarizes real economy actors and civil society leaders’ insights on the importance of national climate plans to signal a clear direction of travel, attract investment and spark faster climate action, bringing economic, social, and environmental benefits to all.

Follow Week Two COP29 real economy developments day-by-day through Top of the COP.

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COP29 makes progress towards mobilizing increased climate finance

The 29th UN Climate Change Conference (COP29) brought together businesses, private finance and subnational actors from around the world, marking significant progress in the collective effort to combat climate change. COP29 also saw steps forward for climate finance, the operationalization of carbon markets, as well as progress on the Mitigation Work Program and the global goal on adaptation.

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Accelerating the Mangrove Breakthrough at COP29: Global action and investments for scaling mangrove conservation

The launch of the NDC Task Force and strengthened partnerships took centre stage at COP29 to accelerate mangrove conservation and climate resilience worldwide

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COP29: Yearbook of Global Climate Action highlights significant strides by cities, businesses, and civil society as non-State actors call on government to accelerate the pace at Baku

Launched in the lead-up to COP 29 (taking place from 11-22 November in Baku, Azerbaijan), the 2024 Yearbook is the eighth of the series published by UNFCCC, which provides an overview of the progress, trends and challenges of real-world climate action taken by non-Party stakeholders, to inspire further actions and raise ambition.

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Financing the future: Vera Songwe’s vision for a climate and growth agenda at COP29

Distinguished economist and finance expert Vera Songwe has been instrumental in shaping discussions on Africa’s economic future, and the global climate finance agenda at large. On the eve of COP 29 in Baku, Songwe discusses the role of climate finance, green industrialization, and the need for global cooperation to combat the climate crisis.