2024 United Nations Climate Change Conference (COP29)

COP29

2024 United Nations Climate Change Conference (COP29)

Putting people and nature and at the heart of climate action and finance

At the 2024 United Nations Climate Conference (COP29), referred to as the “Finance COP,” 198 countries will convene to set a new global climate finance target. Countries are expected to demonstrate enhanced ambition for stronger national climate commitments (NDCs) due in early 2025. Achieving these ambitious targets will require bold actions at a sectoral level, including targets on energy, food systems, the land sector including forest, and coastal and ocean management. Success will also require innovative finance options to countries and communities on the frontlines of climate change have access to funding to propel ocean-climate action and blue carbon efforts.

At COP29, Rare will support efforts to marshal financial resources toward building the climate resilience of frontline communities through the protection of nature-based solutions to climate change: mangroves, seagrass beds, and coral reefs; soils and trees. Empowering fishers, farmers, local leaders and local communities with the rights and resources to lead in the preservation of nature is critical to curbing climate change and combating its effects.

Rare’s Priorities for COP29

Channeling new and innovative sources of capital for people-centered and nature-based climate solutions
Elevating the voices of local leaders and frontline communities 
Building on the outcomes of CBD COP16 to support nature and biodiversity in climate solutions, and charting the path from “Cali to Belem” (Cali, Colombia hosted COP16 in October 2024, while Belem, Brazil will host the next climate COP in 2025)
Transforming food systems for climate action

Where to find Rare at COP29

Innovative financing in blue carbon ecosystems. (November 16 – 11:30 am) In partnership with Conservation International, Pew, and the International Partnership for Blue Carbon (IPBC), this event will explore financial mechanisms to protect, restore, and manage coastal blue carbon ecosystems for mitigation and adaptation action, and how finance links to biodiversity outcomes.

Mobilizing finance for locally-led ecosystem-based adaptation (Date) Hosted in partnership with Conservation International, the UN Food and Agriculture Organization, and the Center for International Forestry Research and World Agroforestry this event will explore how the public and private sectors can increase direct access to climate finance for the most climate vulnerable communities and unlock the potential of nature and other locally available solutions to support climate adaptation.

Mangroves in NDCs: Scaling up implementation for climate, people, and nature. (Date) Hosted in partnership with High Level Champions Team, Global Mangrove Alliance

Let’s talk about finance: An open discussion around challenges and opportunities for financing blue carbon projects (November 13/15 TBD – Commonwealth Pavilion) Hosted with the Commonwealth Blue Charter, this event will be a discussion with all participants around the challenges and opportunities around financing blue carbon projects. Projects range from early-stage project development to high-quality implementation, and could cover carbon market projects and other non-carbon market alternatives.

Nature-based financing & blue carbon action

Healthy blue carbon ecosystems like mangroves, seagrass beds, and tidal salt marshes, are some of our best nature-based solutions for climate action and sustainable development. But their benefits aren’t singular to sequestering or storing carbon dioxide. They also enhance coastal resilience, biodiversity, local livelihoods, and food security.

Learn more

Looking Ahead to COP30 in Belem

The next UN Climate Change Conference – COP30 – will be held in Belem, Brazil in 2025. Just a couple hundred kilometers away, communities along Brazil’s Amazon coast are leading the way in protecting mangroves, a vital nature-based solution to climate change. Meet some of the fishers and local leaders with whom Rare has partnered to safeguard mangroves and wildlife, while also meeting the needs of coastal communities. Rare’s Vice President of Brazil Monique Barreto Galvao will be in Baku for COP29. If you would like to connect with her and about COP30, reach out at mgalvao@rare.org.

Stretching nearly 14,000 square kilometers across northern Brazil, mangroves are a life source for more than 80,000 people. Read about the fishers, local leaders, and communities safeguarding life on Brazil’s Amazon coast.

Read The Guardians of the Mangrove

Resex Soure, an extractive reserve in Brazil’s Pará state, was recently added to IUCN‘s Green List as an area “certified as being effectively managed and fairly governed, with long-term positive impacts on people and nature.” Meet Matheus Adams, a Youth Leader in Resex Soure, and hear him describe the relationship communities along the Amazon Coast have with the mangrove forests here

WATCH Matheus’ VIDEO

Mothers of the Mangroves is a four-part video series that explores the fundamental roles many women play as coastal guardians in northern Pará state, nurturing and protecting the ecosystem that supports their lives and livelihoods and helps mitigate our global climate crisis. It is a call to action to conserve this precious resource before it’s too late.

Watch the series

Rare’s Delegation to COP29

Lisa Schinder Murray

Director, Natural Climate Solutions & Blue Innovative Finance

Emily Goodwin

Senior Manager, Climate Policy & Global Development

Monique Barreto Galvao

Vice President, Rare Brazil

2024 United Nations Climate Change Conference (COP29) | Rare