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SHIKSHA CLASSES [COMMITTED TO EXCELLENCE]
June 9, 2025 at 03:12 AM
🔆 Key Outcomes of COP29
📍 New Collective Quantified Goal on Climate Finance (NCQG)
✅ Triple climate finance to $300 billion annually by 2035.
➤ Mobilize $1.3 trillion per year by 2035 from public and private sources.
📍 Carbon Markets and Article 6
✅ Finalized Article 6 rules of the Paris Agreement for international carbon markets.
➤ Facilitates carbon credit trading and financing of climate actions.
📍 Transparency
✅ Enhanced Transparency Framework (ETF) finalized for tracking climate actions.
📍 Adaptation
✅ Baku Adaptation Roadmap launched to implement Article 7 of the Paris Agreement.
➤ Support program established for Least Developed Countries (LDCs) to implement National Adaptation Plans (NAPs).
📍 Indigenous Peoples and Local Communities
✅ Adopted Baku Workplan for knowledge exchange, capacity building, and integrating diverse knowledge into climate policies.
📍 Gender and Climate Change
✅ Enhanced Lima Work Programme on Gender extended for another 10 years.