Objectives
This workshop aims to explore expectations for COP29 discussions regarding the carbon market, delving into anticipated outcomes, potential policy shifts, and emerging opportunities for market participants.
Background
The upcoming UN climate summit, COP29, will be held in Baku, Azerbaijan, from November 11 to November 22, 2024, focusing on enhancing climate finance to urgently support vulnerable countries and communities. The expectation is that a New Collective Quantified Goal on Climate Finance (NCQG)will be agreed at this COP. Furthermore, this conference will serve as a critical moment for global leaders to reaffirm and strengthen their national climate commitments while making progress on previous pledges. Progress is also expected for carbon markets. Although countries did not reach a complete consensus on the Article 6 rules during COP28, there were advancements in establishing shared understanding, including the formation of the Supervisory Body for the newly named Paris Agreement Crediting Mechanism (PACM). COP29 will also mark a significant milestone in implementing the Paris Agreement’s enhanced transparency framework, as countries are expected to submit their inaugural biennial transparency reports (BTRs) by the year’s end, providing key insights into their climate actions and commitments.
Speakers
Kuki Soejachmoen, Co-Founder & Executive Director, Indonesia Research Institute for Decarbonization (IRID)
Sarfina Adani, Consultant, Neyen
Agenda
09.00 – 09.30 Registration and coffee
09.30 – 09.35 Welcoming remarks, Sarfina Adani, Neyen
09.35 – 09.50 Introduction and outcomes from COP 28, Sarfina Adani, Neyen
10.00 – 10.30 Road to COP29: What to expect from the upcoming COP, Kuki Soejachmoen, IRID
10.30 – 11.15 Q&A
11.15 – 11.20 Closing and photo session
11.20 – 12.00 Networking session
When and where?
7th November, 09:00 – 12:00 WIB
We-work Noble House Kuningan. Meeting room 29D, access via Floor 30.
Please note, this is an in-person only event.
Who should attend?
This workshop is intended for private sector Project Developers based in Indonesia, government officials, NGOs, and CSOs who are interested in participating in the carbon market or represent local communities with an interest in the Indonesian Carbon Market.