COP29 Summit: Key Climate Challenges and Global Stakes in Azerbaijan

The 29th United Nations Climate Change Conference (COP29) is underway in Baku, focusing on climate finance for developing countries and addressing the global climate crisis. Despite reductions in emissions by major historical emitters like the EU, US, and UK, global CO2 emissions have risen, with China contributing significantly. The world has surpassed 1.5°C of warming, and 2024 is projected to be the hottest year on record. While renewable energy use is increasing, fossil fuels remain dominant. The IPCC outlines scenarios predicting temperature rises based on emission levels, with the most severe scenario projecting a 4.4°C increase by 2100.