What comes next…
The next COP–COP29 will be held in Baku, Azerbaijan in November 2024. The following year, COP30 will be hosted by Brazil. This year’s COP was a step change in aligning the climate and SDG2 agendas. The next year or two will be crucial in consolidating that understanding and related commitments. Advocates and stakeholders on food and climate must continue to engage negotiators to deepen their understanding of the urgency to ensure that the actions they take are good for people and the planet.
Countries must now focus on shaping new national climate commitments and updating their NDCs – to move away from fossil fuel and set ambitious targets on food in line with the Food Declaration. It will also be important to focus on accountability by all stakeholders to deliver on the commitments made and leave no one behind.
Moving forward, financing for climate action for mitigation, adaptation and loss and damage and to achieve the Sustainable Development Goals remains wholly inadequate. It will be critical, with the 7 years left to 2030 and to stay within the 1.5 degree Celsius threshold, to step up actions that yield multiple benefits for people and for the planet. Food systems transformation holds the key to reaching the most vulnerable people, improving nutrition and health, livelihoods and feeding a growing population sustainably and equitably–leaving no one behind.
2024 offers several opportunities for the international community to come together to deliver the urgently needed financing. Italy and Brazil hold the presidencies of the G7 and G20 Summits – both have put food and climate high on their agendas. The World Bank will continue to be at the heart of financing discussions. MDB reform efforts are ongoing, with the implementation of the Evolution Roadmap and the IDA 21 Replenishment process will be crucial to delivering the concessional financing low and lower-middle income countries desperately need. Unsustainable debt continues to hinder development and climate action and debt relief is moving far too slowly. Expanding the fiscal space for low-income countries must be a top priority going into the new year.