Lably
Skip to content

2024 United Nations Climate Change Conference

Yearly conference held for climate change treaty negotiations

  • 12 min read
  • 10 chapters

Related on Lably

Through Developing country, Sustainable energy and Carbon offsets and credits

The conference concluded with an agreement on plans for finance to mitigate the effects of climate change and help developing nations transition to more sustainable energy sources. Rules and a UN registry were agreed to facilitate and record international trading of carbon credits.

The choice of Azerbaijan as the location for the conference was controversial because it is a major oil and gas producer and authoritarian state with extensive corruption, with several "official partners" of COP29 being businesses directly owned by President of Azerbaijan Ilham Aliyev, or tied to the Aliyev family's businesses. Most G7 leaders chose not to attend the conference.

Background

Azerbaijan signed the Paris Agreement—an agreement within the United Nations Framework Convention on Climate Change (UNFCCC)—on 22 April 2016. It was ratified on 9 January 2017, and entered into force on 8 February 2017.

In January 2024, Mukhtar Babayev, a longtime official of Azeri state-owned oil company SOCAR and Minister of Ecology and Natural Resources, was appointed as president of the COP29. Azerbaijan reportedly paid New York-based PR firm Teneo US$4.7 million to manage public relations for the event.

Sign in to keep reading

9 more chapters are free with a Lably account.

More in Earth science