As 2024 comes to a close we look back at the most important climate events, meetings, negotiations and initiatives from the last twelve months. Our research and data, articles and projects reveal a year that has been rich with developments and change in both the climate itself and what we can expect from the future.
Climate finance was front and center, while a leading actor was relegated to a sideline role. In a CMCC webinar, negotiators returning from Baku take stock of key aspects of COP29, such as the complex context of the negotiations, decisions on the New Collective Quantified Goal, the Baku-to-Belem roadmap, news on the carbon market, global cooperation, and adaptation. Throughout, it emerges that bridging scientific insights with policy is more essential than ever to transform commitments into meaningful climate action.
The pivotal role of the transport sector in a changing climate reveals both its challenges and opportunities. With transport representing the largest energy consuming sector in 40% of countries worldwide, the IPCC’s 6th Assessment Report underscores the necessity of systemic changes, from electrification in land transport to innovations in aviation and shipping fuels. AR6 offers a comprehensive roadmap, emphasizing technological advancements, effective policies, and behavioral shifts to steer transportation towards a sustainable path.
Integrated Assessment Models (IAMs) play a pivotal role in shaping climate research and policy. “The main progress lies in democratizing modeling capabilities across different countries, ensuring more pertinent and accurate policy insights,” says Roberto Schaeffer. The need for a shift towards national-level modeling of climate impacts, the complexity of balancing immediate costs with long-term benefits at the policy level, and the representation gap between countries, are at the core of the current discussion around climate modeling.
The Agriculture, Forestry, and Other Land Use (AFOLU) sector is playing a pivotal role in the ongoing climate discussions at COP28, constituting not only a significant contribution to climate change but also possessing substantial potential for its mitigation.
“I’m anxious to see what emerges from the Global Stocktake. Although the report on our progress has already been published, we really need to build on this and raise ambition”. CMCC scientist Lara Aleluia Reis focuses on things such as credibility, accountability and transparency as key issues that will determine the success of COP28 in delivering a more ambitious pathway that brings us closer to the well below 2°C target. How? It all starts with the Global Stocktake.
Positioned as a pivotal theme at COP28, adaptation efforts should aim for a shared and common framework to fortify resilience and reduce vulnerabilities at different scales. Adaptation is crucial in the context of the Global Stocktake, intended to inform Parties to the Paris Agreement on their progress against its goals, including limiting the global temperature rise to 1.5°C. National Adaptation Plans also take center stage in current climate discussions, marking the launchpad for states to decipher local and national vulnerabilities and risks, plan effective adaptation actions, and secure funding. CMCC scientist Marta Ellena shares insights illuminating COP28’s ambition for a sustainable and resilient future.
Land is a critical resource. It is under pressure from human activities and climate change, but it is also part of the solution. According to the IPCC, keeping global warming below 2°C can be possible only by reducing greenhouse gas emissions from all sectors, including land and food. The way we use land impacts climate change and, in turn, climate change deeply affects our land.
Transparency from companies and governments about climate-related information, risks and opportunities is crucial for building a resilient economy, empowering communities and creating an equal and fair society. In the era of climate change, a standardized disclosure framework to understand climate risk is not only helpful to investors, it’s also critical to companies for strategic planning.
The European path to meet the goals for a clean, green, and renewable energy future leads to a growing demand of critical metals supply. A recent agreement proposes a response mechanism to the risks of critical raw materials supply shortage or disruption, working towards a more independent and resilient Europe, while negotiating with strict environmental regulations.
Twenty-five years of hope and political negotiations, of science, data and denial campaigns to delay and even bury it. A look at the first iconic moment for global climate policy making: what remains of the Kyoto Protocol’s heritage and what lies ahead for international environmental agreements.
From overarching great consensus treaties to smaller agreements between countries, the future of international climate agreements has to learn from the failures of the Kyoto Protocol and its inability to stem the flow of greenhouse gas emissions. Ralph Winkler, international environmental cooperation expert, on the contradictions and opportunities of the agreement signed in 1997.
