Stepwise Risk Outlook Deep Dive: The Road To COP29 – New Goals, Familiar Obstacles

Today's Deep Dive is 1,257 words and an 8-minute read.

The climate fall of 2024 is ramping up: last week, an estimated 100,000 lawmakers, business leaders and activists gathered in New York to attend events discussing climate issues (making the event twice as big as it was the year before), and next week climate leaders gather in Baku, Azerbaijan for pre-COP meetings to set the agenda for the 29^thmeeting of the Conference of Parties (COP) to the Paris Agreement in the first week of November. Despite heightened attention to climate meetings, many of the summit's agenda items remain mired in political gridlocks, and progress on key items like Article 6 carbon markets and the long-debated loss and damage fund remain uncertain. For businesses, COPs have long been the meeting to watch for a preview of coming climate regulations, efforts, and funding – but participants may have little to show for the week-long meeting this year.