The Playbook for Climate Finance
We can’t tackle climate change through UN COP27 without more funding—here are 5 ways to get it.
When it comes to the climate crisis, every action matters.
This follows COP29, which brought nearly 200 countries together to coordinate global climate action from November 11-22, 2024 in Baku, Azerbaijan.
This guide covers background info about climate COPs, summarizes what happened at COP29 and shares lessons to apply for upcoming COP30.
COP, standing for the Conference of the Parties, is an annual high-level meeting organized by the United Nations Framework Convention on Climate Change (UNFCCC).
Also known as UN climate change conventions, COPs are important because they bring together delegates from nearly every country on Earth to negotiate global goals for tackling climate change, present their individual countries’ plans for contributing to those goals and report on their progress.
The climate COP meets in a different city every year to demonstrate the importance of collaboration between the world’s nations. COP29 was the 29th climate COP and took place in Baku, Azerbaijan. COP30 will take place this year in Belém, Brazil.
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With slow negotiations and difficult consensus-building, COP29 did not see the major wins for climate progress that we had hoped for.
In the conference’s final moments, countries committed to mobilizing US $300 billion per year in climate finance by 2035. That amount is far below the $1 trillion figure widely viewed as the minimum annual commitment to ensure accelerating advancements in climate mitigation and adaptation while safeguarding vulnerable populations.
Nevertheless, there were bright spots, including an agreement that promises to unleash the power of well-regulated carbon markets. There were also positive developments outside the formal negotiations, like refreshed commitments from Brazil and other countries.
Hear from TNC Climate Experts
Watch the full interview here with TNC’s Global Managing Director Clare Shakya and Climate Policy Advisor Ximena Apéstegui—as they discuss the power of nature in climate finance and the innovative strategies available to harness public and private investment at a planet-sized scale.
We're advocating for a swifter transition to renewable energy sources, greater use of natural climate solutions, and more investment from both the public and private sectors, especially to help those countries that have been most affected by the impacts of climate change.
We're also working to ensure there is increased inclusivity and equity in climate policy processes since the leadership of marginalized groups, like Indigenous Peoples and Local Communities (IPLCs), are essential to protecting cultural and biological diversity.
Every action matters. Every ounce of carbon, every fraction of a degree, every day matters. Our leaders’ climate actions matter and your climate actions matter too.
Our FAQs about climate and guide to talking about climate change will help you feel more comfortable raising these topics at the dinner table with your friends and family.
Want to have an age-appropriate conversation about climate change with kids? Nature Lab has a variety of lessons, videos and other resources to educate K-12 students on climate issues and solutions.
Share this page on your social channels so others know what they can do, too. Here are hashtags to join the conversation: #COP29 #NatureNow
Measure your own carbon footprint and learn how the climate has changed since your own “carbon birth year.”
If you're in the U.S., speak out for climate action now at all levels of government. Pledge to stand with The Nature Conservancy as we call on U.S. leaders to put nature and climate solutions on the policy agenda.
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Educate yourself and share the knowledge. If you feel ready to take a deep dive, scroll down to the next section for some resources we've put together on key topics that will be discussed at COP29.
Real-world solutions to the most complex challenges facing people and nature today.