Cop29’s challenge: an essential and necessary agreement
At COP29 in Baku, a compromise was reached that, while not definitive, represents an important step in addressing the climate crisis. According to Unimpresa’s honorary president, Paolo Longobardi, this agreement signals hope: “For once, the international community chose dialogue over inaction.”
A global commitment to climate transition
The agreement focuses on two key elements:
- Recognizing that no one can tackle the crisis alone.
- The need for international collaboration for a fair climate transition.
With $300 billion per year to be mobilized by 2035, the goal is to support developing nations, surpassing the $100 billion set in the past. However, Longobardi warns: “It’s not enough. Concrete actions and strict monitoring are needed.”
A sustainable transition: environmental, economic, and social
Ensuring that the transition costs do not fall on the most vulnerable groups or less developed countries is crucial. “Renewable energy must be an opportunity, not a new form of global inequality,” Longobardi emphasizes.
Monitoring progress to avoid delays
The real challenge will be turning promises into concrete actions. The lack of an agreement on a plan to phase out fossil fuels remains an unresolved issue. However, involving institutions like the World Bank and private funds is a positive sign.
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