270Today, the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) kicked off in Baku, Azerbaijan. Representatives from the contracting parties will focus on a series of key issues to deepen and implement global climate actions, providing a clearer action path toward achieving the goals of the Paris Agreement.
As a global leading provider of carbon management solutions, Carbonstop's founder and CEO Lu Hui Yan has been invited to attend this grand event. On November 20, during the China Pavilion session at COP29, Lu Hui Yan will join experts from the field of sustainability, including Jing Li, Director of ESG and Sustainability at Jinko Solar Technology Co., Ltd.; Ming Li, Director of Sustainability at Anta Group; Xuan Wang, Secretary of the ESG Committee of Lenovo China Platform and Head of ESG and Sustainability at Lenovo Group; Martin Lukasczyk, Partner at PES Architects; and Behzad Khodabandeloo, CEO of Exiss, to focus on the topic of "Empowering Green Value Chains and Contributing to New Quality Productivity." They will explore new pathways and innovative strategies for green and low-carbon transitions.
The China Pavilion is an important part of the COP series, aimed at showcasing China's policies, actions, and achievements in addressing climate change, as well as serving as a platform for promoting international exchanges and cooperation. Carbonstop has always been committed to growing together with its clients and collaboratively advancing green and low-carbon transitions. At COP29, Carbonstop will not only bring its professional insights and solutions but also join hands with client companies such as Anta, Xiaomi, and Deli to demonstrate China's determination and actions in tackling climate change. These companies have achieved remarkable success in their respective fields and have made positive efforts in sustainability.
COP29 is hailed as the "Climate Finance COP," where negotiations on the new collective quantified funding goal (NCQG) will take place to support developing countries in transitioning to a climate-resilient future. This agenda item is also the highlight of this COP. Additionally, COP29 will continue discussions on nationally determined contributions (NDCs), loss and damage funds, transitioning away from fossil fuels, and the Article 6 global carbon market mechanism of the Paris Agreement, laying the groundwork for further actions by countries in addressing climate change.
On November 6, 2024, the Ministry of Ecology and Environment of China stated at a press conference that China will strive to ensure the conference reaches positive and balanced outcomes, hoping that developed countries will fulfill their financial obligations to support developing countries and commit to a specific target amount significantly higher than $100 billion as soon as possible. As a global leading provider of carbon management solutions, Carbonstop will continue to leverage its professional advantages to inject more momentum into promoting global green and low-carbon transitions and sustainable development. In the future, Carbonstop will work with partners from all sectors to explore new pathways and innovative strategies for green and low-carbon transitions, contributing to building a community with a shared future for mankind.
