COP29, the United Nations Climate Change Conference, will take place in Baku, Azerbaijan from November 11 to 22, 2024. This crucial event brings together world leaders, negotiators, and stakeholders to address pressing climate issues and advance the implementation of the Paris Agreement. Key priorities include securing new climate finance goals, strengthening climate action, and developing national climate plans to keep global warming within 1.5 degrees Celsius.
Sweden’s Sustainability Goals and Contributions
As an environmental pioneer, Sweden has set ambitious sustainability targets:
- Becoming fossil-free by 2045
- Achieving 100% renewable energy production
- Transitioning to a fossil-free transport sector by 2030
Currently, around 60% of Sweden’s national energy supply comes from renewable sources. Sweden aims to be the world’s first fossil fuel-free welfare nation while expanding its climate solutions globally.
At COP29, Sweden will showcase innovations from its business community that can accelerate the global green transition. Business Sweden leads Sweden’s official pavilion and non-negotiating delegation at the UN’s COP conference, uniting stakeholders from business, academia, and the public sector and positioning itself as a “Climate Matchmaker” to bridge implementation gaps in achieving the Paris Agreement goals.
Sweden’s Key Messages at COP29
- Urgency of climate transition and its opportunities for strengthening business competitiveness.
- Focus on global climate financing, including the New Collective Quantified Goal (NCQG).
- Broadening the donor base to include wealthy developing countries with high emissions.
- Expansion of Sida’s guarantee framework to 26 billion SEK to mobilize private capital.
Swedish Delegation and Leadership
Climate and Environment Minister Romina Pourmokhtari will lead the Swedish negotiating delegation, with Climate Ambassador and Chief Negotiator Mattias Frumerie present from November 10-22. The delegation comprises 32 people, including government officials and experts from various agencies.
EU and Sweden’s Role in Global Climate Transition
Sweden, along with four other member states, has the EU’s toughest ESR commitment. The country is implementing various measures to drive climate action, including:
- Early and broad introduction of ETS2 emissions trading.
- Implementation of the CBAM climate tariff system, Fuel EU Maritime, and Refuel Aviation in 2025 and 2026.
- Ban on the sale of new vehicles with emissions (both CO2 and air pollutants) within the EU from 2035.
- Introduction of the Social Climate Fund to mitigate the effects of the new trading system on vulnerable households and businesses.
Sweden continues to be a strong voice for higher ambition in global climate work, emphasizing the urgency of climate transition and its potential to enhance business competitiveness.
To read the full press release of Sweden’s initiatives (in Swedish), click here.
For more information about COP29, click here.
Credits: Jann Lipka/imagebank.sweden.se
