COP 29, held in Baku this November, delivered significant messages regarding energy transition, sustainability, and the fight against climate change on both global and national levels. With over 1,800 participants, Turkey stood out as one of the countries with the largest delegations, following the host Azerbaijan and Brazil, which will host the next conference. This high level of participation is noteworthy as it highlights Turkey's increasing interest in international climate efforts. However, beyond participation, it is essential to focus on the messages delivered on the ground and the commitments made.

I had the opportunity to personally attend and closely follow numerous meetings and seminars at the conference. Among the most discussed topics at COP 29 were the insufficient financing for green transition in developing countries and the challenges of phasing out fossil fuels from energy systems. It is estimated that developing countries will need a total of $6-7 trillion in financing by 2030 to transition to low-carbon economies. However, the annual $1.3 trillion funding commitment expected from developed nations fell short, amounting to only $300 billion. This was a significant disappointment for global cooperation. A similar disappointment was observed with the "loss and damage" fund established for countries most affected by climate change and in dire need of financial support. While the fund originally aimed for $500 billion, it has not even reached $1 billion so far. This situation creates serious uncertainty about the pace and feasibility of energy transition in the future.

You may read evaluation note from here.