This year, Azerbaijan has been selected as the Presidency of the 29th Conference of the Parties (COP29), to be hosted in Baku from 11th - 22nd November.
PwC will convene with business, policy and NGO leaders, joining discussions to help advance meaningful action to accelerate the climate transition.
PwC’s 2024 Net Zero Economy Index shows the global decarbonisation rate was only 1.02% in 2023 and the world must now decarbonise at a rate twenty times faster if we are to limit global warming to 1.5°C. Even limiting warming to 2°C – the lowest end of the Paris Agreement’s ambition – requires a step change in progress with an annual decarbonisation rate of 6.9%.
We’re committed to playing our part, to delivering sustained, sustainable outcomes and collaborating to create real value. Let's make our climate actions count.
Please note the Blue Zone is a UNFCCC-managed site open to UN-accredited participants and pass holders. PwC is unable to provide access passes to Blue Zone events.
Location - Blue Zone, Resilience Hub/ Humanitarian Hub | Area E, Pavilion G5a
When - 14 Nov, 17.00-18.00, followed by a networking reception
Please note The Green Zone is open to the public and visitors can register for tickets Events at the Extreme Hangout Main Stage also require registration.
Location - Green Zone, Conference Room | Universe
When - 13 Nov, 12.00-14.00
Location - Green Zone, Conference Room | Universe
When - 14 Nov, 16.00-18.00
Location - Green Zone, Extreme Hangout
When - 15 Nov, 14.00-15.00
Location - Green Zone, Extreme Hangout
When - 15 Nov, 16.00-17.00
Location - Green Zone, Extreme Hangout
When - 16 Nov, 14.00-15.30
The COP29 presidency’s plan highlights two mutually reinforcing pillars to ‘enhance ambition’ and ‘enable action’ in the climate space. What actions would make the biggest difference?
“Solutions to drastically reduce greenhouse gas emissions exist – the challenge is deploying these solutions on a massive scale, and quickly. A big part of the problem is the lack of "investable projects", with promising climate solutions not receiving the investment needed to reach their full potential. By working with governments on policies and matching investors with opportunities to both generate financial returns and reduce emissions, we can spur climate action at a moment when it’s urgently needed.”
"If we don't take bold action, we risk exceeding 1.5°C of warming and the greater the overshoot, the more severe the impact. Despite these warnings, the gap between goals and actions is growing. Without global cooperation, the possibility of keeping warming within safe limits will disappear. To achieve the necessary changes, we must expand the use of renewable energy, manage energy demand better, and increase financial and technical support for a fair transition."
“Given the need for trillions in climate finance around the globe, COP29 discussions must tackle bringing to life a stronger public-private partnership, to scale up future funding and expand finance flows to climate action. Private sector investments will be key to achieving global decarbonization goals and net zero targets, for which more effective incentivization is needed.”
“The COP29 presidency’s focus on the critical role of finance is timely and relevant. The extent of financing needed will require an unprecedented collaboration across the ecosystem- from governments through international organizations and citizens to industry and financial institutions. Innovation and true partnership will be the answer to enable sustainable economic and social development.”
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Last year, our PwC delegation attended the United Nations Climate Change Conference in Dubai, UAE, from 30 November to 12 December 2024.
This video captures some of the key themes, highlights and takeaways from COP28.
To avoid the worst impacts of climate change, business, government and society need to work together to transition to a net zero economy. At PwC, we believe the business community has a role to make that happen. We're committed to leading by example and reaching net zero in line with 2030 targets.
As well as addressing our own nature footprint, we at PwC are helping to build the systems and frameworks that will deliver the trusted information needed to underpin a nature positive transition. We are committed to playing our part in delivering a nature positive world.
Visit our content hub to discover more about fuelling a resilient future through powerful alliances, greener investment and greater use of renewables.
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Partner, Global Sustainability Leader, PwC United Kingdom
Tel: +44 (0)7710 157908