274. COP29: From Billions to Trillions - G20 Calls for Ambition in Climate Finance

Outrage + Optimism

This week, our hosts talk about what’s been happening - and not happening - in Rio and Baku.

Christiana clarifies the mandate of COPs and advocates for COP processes and presidencies to be separate from national positions and interests while robustly defending multi-lateralism.

The hosts discuss how world leaders meeting in Rio for the G20 meeting have sent a powerful political signal to those meeting in COP29 in Baku: a need for "rapidly and substantially scaling up climate finance from billions to trillions from all sources".

The hosts are joined by Sue Reid, Climate Finance Advisor at Global Optimism who is on the ground in Baku. Together, they discuss what outcomes to expect as negotiators race towards the finish line in the second and final week of COP29.

Sue Reid shares her optimism at leading investors at the pinnacle of the finance food chain calling for the same commitments in climate and nature as leading civil society advocates and developing countries. The hosts and Sue talk about the critical importance of innovative mechanisms to achieve the climate financing needed and the outsized impact of public finance to leverage and enable private finance.

NOTES AND RESOURCES

G20 Rio de Janeiro Leaders Declaration

COP29 gets boost from Rio as G20 leaders back scaling up climate finance from ‘billions to trillions’

GUEST

Sue Reid, Climate Finance Advisor to Christiana Figueres at Global Optimism

Global Optimism Website | LinkedIn

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