Describe the major outcomes of the 29th session of the Conference of Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC).

The Conference of parties - 29 (COP-29) was held in Baku, Azerbaijan recently in accordance with UNFCCC. Major outcomes: (1) Climate finance: New Collective Quantified Goals NCQG tripled climate funds $100 Billion → $ 300 Billion by developed countries per year by 2035. (2) Carbon trading mechanism: Centralised bidder [new] mechanisms for Art 6.2 (Carbon bilateral carbon trading) and Art. 6.4 of Paris Agreement (Carbon offset trading, carbon emission trading) (3) Methane Reduction: Global target that methane reduction is in line with 20% reduction target by 2030 of Global.

Methane pledge. Methane reduction is organic waste. (5) Local Communities and indigenous People: Facilitative Collective Group FCG and Local Communities Indigenous Peoples platform LICPP to bridge traditional knowledge and modern science in climate tables. (6) Gender and Climate Change: Extension of Lima Working Group for next 10 years. Global Action plan for gender based climate justice for COP30 LDC (7) Focus on Least Developed Countries and Small Island Nations SIDS: India's stance → Opposition to inadequate climate finance. Demand for $1.3 Trillion climate funds $100 Billion per year → Advocated for LDCs and SIDS. COP29 was a unique summit that necessitated the implementation of common but differentiated responsibility.

— Ankita Anil Patil · AIR 140