The COP29 presidency is advancing a balanced package of outcomes aimed at enhancing ambition and driving action on global climate goals. A central part of this strategy includes clear next steps for implementing the Global Stocktake, an essential process for measuring progress on climate action and commitments.
In partnership with the International Energy Agency (IEA), the COP29 presidency presented five key opportunities to demonstrate positive advancements in energy targets first identified at COP28. These opportunities are designed to guide countries toward meaningful achievements in energy efficiency, emissions reduction, and renewable energy expansion.
The first priority focuses on the need to scale up energy storage systems and electricity grid capacities. This is seen as a crucial enabler for tripling renewable energy capacity by 2030, ensuring that the benefits of clean energy reach their fullest potential across regions and industries. Secondly, countries are encouraged to accelerate policy implementation to meet the ambitious goal of doubling energy efficiency by 2030, a step that would bring significant emissions reductions and energy savings.
A continued focus on reducing emissions from methane and fossil fuels is also highlighted as a core opportunity. Tackling these emissions is essential for keeping global warming within manageable levels. Additionally, COP29 seeks to address clean energy transitions in developing economies by promoting solutions that boost investment, helping these regions to progress toward sustainable energy sources.
Finally, the presidency calls for the next round of Nationally Determined Contributions (NDCs) to be informed by the outcomes of the Global Stocktake. This alignment is expected to strengthen countries’ climate commitments and ensure that future climate targets are both achievable and impactful.
The COP29 presidency urges support from countries, business leaders, civil society, financial institutions, and international organizations to back these five initiatives. Together, they form a comprehensive pathway toward a just and equitable energy transition, fostering progress for all stakeholders in the global climate effort.
