The world is on track to face its hottest year yet in 2024, surpassing previous records and likely breaching the critical 1.5°C warming threshold compared to pre-industrial levels. This alarming trend, highlighted by the European Union’s Copernicus Climate Change Service (C3S), raises the stakes for the upcoming COP29 summit in Azerbaijan, where global leaders will gather to address climate funding and commitments.
2024’s record heat has fueled an unprecedented wave of extreme weather events worldwide, from destructive wildfires and prolonged droughts to devastating floods. These climate-driven events have disrupted economies, strained resources, and significantly impacted the most vulnerable populations. The need for immediate and large-scale action is evident, and COP29 will focus on increasing financial support for countries adapting to climate impacts.
While the COP29 agenda prioritizes climate financing, recent shifts in global politics—such as Donald Trump’s U.S. presidential election win—have introduced uncertainties. The new U.S. administration’s stance on climate could affect the country’s role in funding and supporting international efforts. Despite these challenges, many nations hope COP29 will deliver robust commitments that will accelerate the global response to the intensifying climate crisis.
The coming discussions in Azerbaijan are expected to shape the next steps in international climate policy, especially regarding funding mechanisms, emissions reductions, and resilience strategies.