COP29: UN Climate Change Conference 2024 (Baku)

This resolution outlines the European Parliament's position and calls for action regarding the UN Climate Change Conference (COP29) in Baku, Azerbaijan. It emphasizes the urgent need to limit global warming to 1.5°C and calls for increased ambition from all countries in reducing greenhouse gas emissions.

The resolution affects all parties to the UN Framework Convention on Climate Change, with a particular focus on major emitters and G20 countries. It also highlights the impact on developing countries, which are disproportionately vulnerable to climate change and require significant financial support.

Key changes and obligations include a call for all parties to submit more ambitious climate action plans by 2025, a push for clear rules on international carbon trading, and a demand for developed countries to increase climate finance for developing nations. It also stresses the need to phase out fossil fuel subsidies and transition to renewable energy.

The resolution addresses the operationalization of the loss and damage fund for vulnerable countries, urging its full implementation by early 2025. It also calls for greater transparency and accountability in climate finance and decision-making processes, particularly concerning the influence of fossil fuel lobbyists.