Initiative | Launched by | Aim and other details |
Reducing Methane from Organic Waste Declaration | UNEP-convened Climate and Clean Air Coalition (CCAC) | - Aim: Set sectoral targets to reduce methane from organic waste and launch policies and roadmaps for these targets.
- It supports the implementation of the 2021 Global Methane Pledge (GMP), launched at COP26.
- Signatories: 35 countries (excluding India), representing 47% of global methane emissions from organic waste.
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Global Energy Storage and Grids Pledge | COP29 Presidency | - Aim: Sets targets for 2030:
- Deploying 1,500 GW of energy storage in the power sector globally (more than six times the level of 2022).
- Global grid deployment goal of adding or refurbishing 25 million kilometres of grids.
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Green Energy Pledge: Green Energy Zones and Corridors | COP29 Presidency in partnership with UNIDO, UNECE and UNESCAP | - Aim: Promoting green energy zones for tackling climate change, promoting economic growth and energy security, and improving the quality of life for local communities.
- Green energy zones act as centralized hubs, which combine high-quality variable renewable energy resources, renewable energy infrastructure and storage.
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Hydrogen Declaration | COP29 Presidency | - Aim: To accelerate the production and use of clean hydrogen to decarbonize various sectors and achieve climate goals.
- It is a non-legally binding document and does not require any changes to be made to the participating countries’ national law.
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Baku Harmoniya Climate Initiative for Farmers | COP29 Presidency in partnership with Food and Agriculture Organization (FAO) | - Aim: To acknowledge the fundamental role of farmers as agents of climate action.
- It will be hosted by FAO as part of the Food and Agriculture for Sustainable Transformation (FAST) Partnership.
- FAST is a multi-stakeholder platform established at COP27 (2022) that works to strengthen the quantity and quality of climate finance in agrifood systems for the most vulnerable.
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Climate Finance Action Fund (CFAF) | Azerbaijan | - Aim: Support climate projects in developing countries, meeting next generation of NDCs to keep 1.5 degree C within reach, and addressing the consequences of natural disasters.
- It will be capitalised with contributions from fossil fuel producing countries and companies across oil, gas and coal.
- To become operational at the conclusion of the initial fundraising round ($1 billion), and when 10 contributing countries committed as shareholders.
- Headquarter: Baku, Azerbaijan.
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Baku Initiative for Climate Finance, Investment and Trade (BICFIT) Dialogue | COP29 Presidency, co-facilitated by UN Trade and Development (UNCTAD) and UN Development Program (UNDP) | - Aim: Advance national ambitions and actions through the synergistic utilization of climate finance, investment, and trade in accordance with the UNFCCC and the Paris Agreement.
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Global Matchmaking Platform (GMP) | UN Industrial Development Organization (UNIDO) and the Climate Club | - Aim: To accelerate the decarbonization of heavy-emitting industries in emerging and developing economies by connecting them with technical and financial solutions.
- Function: Connects industries with technical and financial solutions
- Role: Single-point gateway for countries to raise decarbonization requests.
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Declaration on Green Digital Action | COP29 Presidency with the Climate Technology Centre & Network, Technology Mechanism, and International Telecommunication | - Aim: Harnessing digital technologies to accelerate climate action, promote sustainable development, and bridge the digital divide.
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Continuity Coalition for Climate and Health | COP 29 Presidency with the UAE, Egypt, UK, Brazil, and World Health Organisation (WHO) | - Aim: To advance the implementation of health commitments from previous COPs and strengthen the integration of health into climate action.
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Baku Dialogue on Water for Climate Action | COP29 Presidency in partnership with UNEP, UNECE, and WMO | - Aim: To build collaboration between COPs on water and its interplay with climate change, biodiversity loss, pollution and desertification.
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Other Initiatives - COP29 Declaration on Enhanced Climate Action in Tourism: Aims to mobilize the tourism sector to reduce its carbon footprint, enhance climate resilience, and promote sustainable practices.
- Global Energy Efficiency Alliance: Launched by UAE to double global energy efficiency rates by 2030 and contribute to significant emission reductions.
- Hydro4NetZero-LAC initiative: Aims to develop and modernise sustainable hydropower infrastructure increasing the energy systems’ flexibility and resilience.
- Global Alliance for Pumped Storage (GAPS): Launched with the support of over 30 governments and international agencies.
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