Uploaded November 2024 | Updated September 2026, 2 hours ago
This week marks the start of the annual UN climate conference, known as COP29, in Baku, Azerbaijan. COP29 is being dubbed the “finance COP” because one of the main focuses of this year’s conference will be to set a new goal for global climate finance and to lay out a plan for achieving it. The last time countries set a climate finance goal was 2009, at COP15 in Copenhagen, where wealthy nations committed to provide $100 billion annually to help developing nations deal with climate change. 15 years after the $100 billion target was established, we now know a lot more about the effects of climate change and how much it costs to address. Estimates vary on how much funding is now needed, but suffice to say that it’s a lot higher than we thought it was back in 2009. So, where will this funding come from? And what’s a reasonable new goal for countries to work toward in the years ahead? Joining me today to talk through these and other questions is Tim Juliani, WWF’s director of US corporate climate engagement. Tim is a veteran of previous climate COPs and he’ll tell us what he’s keeping an eye on heading into Baku.
Links for more info:
Tim Juliani bio: worldwildlife.org/experts/tim-juliani
WWF’s COP29 Expectations Paper: wwfint.awsassets.panda.org/downloads/cop29_expectations_24oct24.pdf
Tim Juliani’s Substack, “Yet Another Climate Substack”: timjuliani.substack.com
Chapters:
0:00 Program note
1:07 Intro
3:00 COP29 context in global process
4:59 COP15 in Copenhagen story
7:02 Definition of NDCs and stocktake
7:43 COP29 is the “finance COP”
10:17 Climate finance challenges
14:04 Finance goals at COP29
16:55 Role of companies
24:53 Goals for NDCs at COP29
28:07 Closing call to action
29:46 Outro
This week marks the start of the annual UN climate conference, known as COP29, in Baku, Azerbaijan. COP29 is being dubbed the “finance COP” because one of the main focuses of this year’s conference will be to set a new goal for global climate finance and to lay out a plan for achieving it. The last time countries set a climate finance goal was 2009, at COP15 in Copenhagen, where wealthy nations committed to provide $100 billion annually to help developing nations deal with climate change. 15 years after the $100 billion target was established, we now know a lot more about the effects of climate change and how much it costs to address. Estimates vary on how much funding is now needed, but suffice to say that it’s a lot higher than we thought it was back in 2009. So, where will this funding come from? And what’s a reasonable new goal for countries to work toward in the years ahead? Joining me today to talk through these and other questions is Tim Juliani, WWF’s director of US corporate climate engagement. Tim is a veteran of previous climate COPs and he’ll tell us what he’s keeping an eye on heading into Baku.
Links for more info:
Tim Juliani bio: worldwildlife.org/experts/tim-juliani
WWF’s COP29 Expectations Paper: wwfint.awsassets.panda.org/downloads/cop29_expectations_24oct24.pdf
Tim Juliani’s Substack, “Yet Another Climate Substack”: timjuliani.substack.com
Chapters:
0:00 Program note
1:07 Intro
3:00 COP29 context in global process
4:59 COP15 in Copenhagen story
7:02 Definition of NDCs and stocktake
7:43 COP29 is the “finance COP”
10:17 Climate finance challenges
14:04 Finance goals at COP29
16:55 Role of companies
24:53 Goals for NDCs at COP29
28:07 Closing call to action
29:46 Outro
