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UN Climate Change Conference 2024 in Baku, Azerbaijan (COP29)

TA-10-2024-0035 · P10_TA(2024)0035 · PE762.921

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✦ In short · AI summary of this text, generated 4 Sept 2026

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Parliament's resolution on COP29 urges all Parties to scale up climate action, including ambitious 2035 NDCs, and to agree on a new collective quantified goal on climate finance. It calls for phasing out fossil fuels and subsidies, tripling renewables, and doubling energy efficiency by 2030, while stressing the need for adaptation, loss and damage funding, and protection of human rights. The resolution also addresses biodiversity, water, health, gender, and sectoral emissions, and calls for the EU to lead by example and maintain its climate leadership.

Key points

  1. Welcomes the first global stocktake outcome and urges all Parties to peak emissions by 2025 and reduce GHG emissions by 43% by 2030 and 60% by 2035 relative to 2019, reaching net zero by 2050.
  2. Calls on all Parties to communicate an NDC for 2035 in 2025, with ambitious economy-wide absolute targets aligned with 1.5°C, and to include transparent monitoring mechanisms.
  3. Urges agreement at COP29 on robust rules for Article 6 cooperative mechanisms, ensuring environmental integrity, preventing double counting, and excluding emissions avoidance from credits.
  4. Calls for a post-2025 new collective quantified goal on climate finance based on a broadened contributor base, prioritizing grants, and addressing mitigation, adaptation, and loss and damage.
  5. Urges the phase-out of fossil fuels and subsidies, with the EU aiming to end Russian fossil fuel imports and halt new investments in fossil fuel extraction.
  6. Calls for a European climate adaptation plan, national adaptation plans by 2025, and implementation progress by 2030, with focus on infrastructure, water, and nature-based solutions.
  7. Welcomes the loss and damage fund and urges major emitters to contribute, with funding prioritizing grants and being additional to official development assistance.
  8. Demands that Azerbaijan release political prisoners and respect human rights, and that COP29 host country agreements guarantee full participation and human rights.
  9. Calls for the EU to propose a 2040 climate target and an NDC for 2035, and to implement existing legislation to achieve at least 55% net emission reductions by 2030.
  10. Stresses the need to address interlinked climate, biodiversity, and pollution crises, including through nature-based solutions, water resilience, and a global plastics treaty by 2040.
  11. Calls for gender equality in climate action, including gender parity in delegations and gender-responsive climate finance and adaptation plans.
  12. Emphasizes the role of industry and SMEs in the transition, calling for support, access to finance, and a level playing field, while ensuring social fairness.

Who is affected

  • All Parties to the UNFCCC, including the EU and its Member States, are urged to increase climate ambition and implement policies.
  • Developing countries, particularly least developed countries and small island developing states, are targeted for climate finance and adaptation support.
  • Azerbaijan, as COP29 host, is called on to respect human rights and release political prisoners.
  • Fossil fuel companies and major emitters are urged to contribute to climate finance and phase out fossil fuels.
  • EU industry and SMEs are to be supported in the transition to a net-zero economy.

Figures and deadlines

  • 43% reduction in GHG emissions by 2030 and 60% by 2035 relative to 2019, reaching net zero by 2050.
  • USD 115.9 billion in climate finance provided by developed countries in 2022.
  • Over USD 1 trillion annually needed up to 2030 for climate finance.
  • EUR 123 billion in fossil fuel subsidies in the EU in 2022.
  • More than USD 620 billion spent globally on fossil fuel subsidies in 2023.
  • 75% cut in methane emissions from fossil fuels by 2030 needed to stay below 1.5°C.
  • Tripling renewable energy capacity and doubling energy efficiency improvements by 2030.
  • 1.5°C temperature limit and 2.9°C or 2.5°C warming projections from current NDCs.