The collaborative actions and commitments made during COP29 will shape the future of global climate action, ensuring a more inclusive and resilient approach that supports the unique needs of developing countries, says Shikhar Jain
Executive Director, CESD
The 29th Conference of the Parties (COP29), hosted in Baku, Azerbaijan, marks a significant turning point in global climate action, with special attention to the needs and priorities of the developing economies. COP29’s framework is structured around two primary pillars — Enhancing Ambition and Enabling Action. Together, these pillars offer a roadmap to set higher climate targets and create enabling provisions, such as financial support and capacity building, necessary for the implementation.
While the COP29 discussions are focusing on the urgent need for ambitious climate goals, achieving these goals requires the Global South’s active participation, backed by accessible climate finance, technology transfer, and capacity-building support. This is critical as mobilizing resources and support mechanisms empowers countries to effectively implement ambitious climate policies.
The Confederation of Indian Industry (CII), through deliberations, engagements and by sharing recommendations that are both actionable and equitable, is committed to building resilience, encouraging adaptation, and driving sustainable development of the Indian Industry. To lay the groundwork for enabling these actions and initiatives by Industry, a few priority areas that addresses Industry’s concerns has been given below:
The climate crisis is affecting countries across the world but it poses distinct challenges for the developing countries, as these regions are more vulnerable to extreme climate impacts and often lack the resources for comprehensive climate adaptation and resilience efforts. Climate finance, adaptation mechanisms, and technology transfers are essential to bridge this gap and empower the developing countries to participate in global climate solutions. By emphasizing on these enablers, COP29 can empower countries to build a sustainable, climate-resilient future that aligns with global climate goals.