Wednesday, November 13, 2024 Global leaders unite at COP29 in Baku for the 12th Caring for Climate Meeting, advancing bold strategies for climate finance and impactful investment solutions. The UN Global Compact, in collaboration with the United Nations Environment Programme (UNEP) and UN Climate Change (UNFCCC), convened the 12th Annual High-Level Meeting of the Caring for Climate initiative today at COP29 in Baku, Azerbaijan. The event brought together senior leaders from the business, finance, and government sectors, along with representatives from civil society and the United Nations, to accelerate action on climate finance and align investments with the urgent demands of the global climate agenda.
This year’s COP29, themed as the “Finance COP,” emphasized the critical need to mobilize and align both private and public financial resources to meet ambitious climate goals. The meeting aimed to transform Nationally Determined Contributions (NDCs) under the Paris Agreement into actionable investment roadmaps, paving the way for effective climate adaptation, mitigation, and resilience strategies. Sanda Ojiambo, CEO and Executive Director of the UN Global Compact, highlighted the private sector’s pivotal role in the climate finance landscape.
Ojiambo stated, “Mobilizing both public and private finance is essential to achieving our climate goals. By bringing together business leaders, governments, and civil society, we are transforming national climate commitments into.
