The world gathers for the UN Climate Summit COP29 in Azerbaijan at a critical juncture. At COP28, countries agreed to contribute to ‘deep, rapid and sustained reductions in greenhouse gas emissions in line with 1.5 °C pathways’. At COP29, they must lay out clear plans for achieving this goal.
To get on track for 1.5°C, countries need to use their new Nationally Determined Contributions (NDCs) as an opportunity to significantly accelerate the transition away from fossil fuels. As the priority first step at this COP, countries need to make commitments to No New Coal that will underpin their new NDCs. The science is clear – there is no room for new coal power plants in a 1.5°C world.
To make ambitious commitments to accelerate the coal-to-clean transition that will underpin their new NDCs, developing countries need confidence that finance will be available to implement their plans. This is why PPCA members have been working to develop ideas for solutions to unlock new sources of funding.
The PPCA will be hosting a number of events at COP that will bring together our members and partners in government, business, finance and civil society – to showcase new commitments, share experience and expertise and ensure the finance for a coal to clean transition continues to grow. Events announced so far:
- 15th November, COP29 Solutions Dialogue: Held in the Canadian Pavillion, this event will conclude our Solutions Dialogue series. Spotlighting Latin America and the Asia-Pacific, it will highlight technical and financial support available for emerging economies to phase out coal in line with 1.5°C.
The PPCA is committed to accelerating the transition from coal to clean energy as a way to build stronger, greener economies and more resilient communities. Through our work at COP29, we will champion ambitious actions and foster the international cooperation needed to power the world past coal. Keep an eye on this page for key coal-related announcements at COP29.