COP29 Outcomes – A Call to Action for the World’s Most Vulnerable Nations

By Rabab Fatima
UNITED NATIONS, Dec 5 2024 – The conclusion of the 29th Conference of Parties (COP29) brings with it a blend of urgency, frustration, and a glimmer of hope for the Least Developed Countries (LDCs), Landlocked Developing Countries (LLDCs), and Small Island Developing States (SIDS).

These nations, responsible for only a fraction of global greenhouse gas emissions, suffer disproportionally from the devastating impacts of climate change.

Yet, for these vulnerable countries, the outcomes of COP29 fell short. While there was progress in certain areas, the agreements reached do not match the scale of the challenges. As the UN Secretary-General António Guterres rightly underlined, COP29 provides a foundation, but it demands urgent and ambitious action to build upon it.

Rabab Fatima

Climate Finance: The Lifeline for vulnerable nations

One of the COP29’s pivotal outcome was the agreement to achieve a global climate finance goal of at least USD 300 billion annually by 2035. While this amount does not address the needs of the most vulnerable nations, we must ensure it is delivered in full.

While COP29 left ambiguity in the exact source of these funds, between now and 2035, we should seek to establish aspirational targets for amounts flowing from the established financial instruments under the UNFCCC-such as the Adaptation Fund, the Least Developed Countries Fund, and the Special Climate Change Fund.

We must also closely track the amounts for adaptation, and to the extent possible ensure that these finance flows are from public sources, and grant-based resources or highly concessional means.

While COP29 did not set targets for the most vulnerable nations, systematic reporting will be critical to ensuring that resources reach those who need them most.

The formulation and implementation of National Adaptation Plans (NAPs) are critical for LDCs, LLDCs, and SIDS to respond to escalating climate threats. COP29’s establishment of a support programme for NAP implementation in LDCs is a positive step. However, swift and efficient operationalization is essential.

Loss and Damage: From promises to reality

Progress on the Loss and Damage Fund was a key highlight of COP29. Turning pledges into tangible contributions is now the priority. Stepping up capitalization and rapid and effective operationalization of this Fund are critical to addressing irreversible losses in lives and livelihoods caused by climate change.

Mitigation and Energy Transition

While COP29’s mitigation outcomes were modest, the urgency for emissions reductions cannot be overstated. According to the 2024 UNEP Emissions Gap Report, emissions must fall by 42 percent by 2030 compared to 2019 levels to stay on track for the 1.5°C target.

For LDCs, LLDCs, and SIDS, achieving this requires unprecedented support to ensure access to renewable energy and investments in sustainable energy. A just energy transition is integral not only for climate goals but also for economic growth and achieving the Sustainable Development Goals (SDGs).

A Call to Action

COP29’s results remind us that incremental steps are insufficient. The world’s most vulnerable countries are facing a climate emergency that demands bold and immediate actions. This includes:

• Ensuring timely and adequate climate finance flows to LDCs, LLDCs, and SIDS.
• Enhancing support for adaptation, particularly through public grant and highly concessional means.
• Full and effective operationalization of the Loss and Damage Fund.
• Empowering LDCs and SIDS to fully participate in the Article 6* market mechanisms.
• Supporting sustainable energy transitions aligned with global climate goals.

The survival of LDCs, LLDCs, and SIDS is not just a litmus test for global climate commitments -it is a matter of justice, not charity.

As we look toward COP30 and beyond, let COP29 be a catalyst for greater ambition and unity. The time for half-hearted measures is over; the world must deliver on its promises to secure a just and sustainable future for all.

Rabab Fatima is Under Secretary-General and High Representative for the Least Developed Countries, Landlocked Developing Countries, and Small Island Developing States (UN-OHRLLS).

https://unfccc.int/process-and-meetings/the-paris-agreement/article-64-mechanism

IPS UN Bureau

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