274. COP29: From Billions to Trillions - G20 Calls for Ambition in Climate Finance
Outrage + Optimism
Persephonica
4.7 • 1K Ratings
🗓️ 21 November 2024
⏱️ 39 minutes
🧾️ Download transcript
Summary
This week, our hosts talk about what’s been happening - and not happening - in Rio and Baku.
Christiana clarifies the mandate of COPs and advocates for COP processes and presidencies to be separate from national positions and interests while robustly defending multi-lateralism.
The hosts discuss how world leaders meeting in Rio for the G20 meeting have sent a powerful political signal to those meeting in COP29 in Baku: a need for "rapidly and substantially scaling up climate finance from billions to trillions from all sources".
The hosts are joined by Sue Reid, Climate Finance Advisor at Global Optimism who is on the ground in Baku. Together, they discuss what outcomes to expect as negotiators race towards the finish line in the second and final week of COP29.
Sue Reid shares her optimism at leading investors at the pinnacle of the finance food chain calling for the same commitments in climate and nature as leading civil society advocates and developing countries. The hosts and Sue talk about the critical importance of innovative mechanisms to achieve the climate financing needed and the outsized impact of public finance to leverage and enable private finance.
NOTES AND RESOURCES
G20 Rio de Janeiro Leaders Declaration
GUEST
Sue Reid, Climate Finance Advisor to Christiana Figueres at Global Optimism
Global Optimism Website | LinkedIn
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Transcript
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| 0:00.0 | Hello and welcome to outrage and optimism. I'm Tom Rivikarnik. |
| 0:15.2 | I'm Christiana Pirares. And I'm Paul Dickinson. This week we talk about Rio and Baku, |
| 0:20.4 | what's happening, what's not happening, and what it all needs. |
| 0:23.5 | Thanks for being here. Hi, friends. It's been a couple of weeks since I've seen you. I've been on the ground in Baku, sadly without either of you. But you have perhaps... |
| 0:52.0 | Making incredible podcasts with the most famous and interesting people in the whole world. |
| 0:58.0 | Amazing job you did, Tom. |
| 0:59.4 | Top marks, five stars. |
| 1:01.1 | And Ed Miliband's very sorry that he forgot you in his introduction to that. |
| 1:04.4 | But he got reminded. |
| 1:05.5 | So the audience spontaneously shouted Paul and he was compelled. |
| 1:08.9 | So thank you, audience. |
| 1:09.9 | And thank you, Ed. |
| 1:11.2 | That was Nigel who did that. Good for Nigel. Bless us. Good for Nigel. Well, Ed looked genuinely |
| 1:17.3 | sorry. But they were good episodes, I thought. And the COP was an interesting experience for a week. I'm now |
| 1:22.3 | home. And what we want to do today is to talk to you listeners about what's been happening in Baku, |
| 1:28.0 | where COP 29 continues to go on. |
| 1:30.5 | We're recording this on Tuesday, the 19th of November. |
| 1:32.8 | But also over the weekend, the world leaders of the G20 have been meeting in Rio. |
| 1:38.8 | And the communique that came out from there talks also quite a bit about what should happen in Baku and the interplay |
| 1:46.1 | of these two events is quite interesting. So we're going to get into both of those things, |
| 1:50.2 | as well as the substantive outcome from Baku and where we might get to on finance. But before we do |
| 1:55.9 | that, Christiana, I've been keeping an eye on the regular press and I learn from it that you |
... |
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