Last week, Azerbaijan hosted the United Nations Convention on Climate Change, also known as COP29. Its main objectives were to agree on a financial framework for climate change mitigation and adaptation, and to present national plans for meeting the terms of the Paris Agreement. This includes limiting global heating to 1.5C, a limit that we have, though temporarily, already passed.
Though the credibility of these annual gatherings is fading, multi-million dollar agreements are essential to accelerating urgently needed climate mitigation measures. A great many people are already suffering the consequences of climate intertia: millions of climate refugees, embattled sectors of the economy, and the population of the Valencian Community in Spain, to name a few.
