COP29

Pay up to power forward: finance the transition away from oil, gas and coal.

Join us in advocating for a Fossil Fuel Non-Proliferation Treaty to ensure that COP29 becomes a turning point to protect what we love by accelerating the end of the fossil fuel era and catalyzing a sustainable future for all.

COP29 in Baku, Azerbaijan

Floods, droughts, severe storms, the Amazon rainforest on fire. We are living through the climate emergency. To add to the evidence of our own eyes, the scientific reports released in the lead up to the UN Climate Change Summit in 2024 (COP29) show that the world is off track to confront this crisis - and this is at risk of getting worse with Trump’s return to the White House.

That is why it is more important than ever that people everywhere step up and show the leadership we need to accelerate the transition and to make it fast and fair. We are building unstoppable momentum and it doesn’t matter who is in the White House.

The 2024 United Nations Climate Change Conference, COP29 takes place in Baku, Azerbaijan follows theagainst a background of escalating climate impacts that highlight the severity of the crisis and the urgent need for action at a scale commensurate with the threat. Following the historic COP28 agreement to transition away from fossil fuels, confirmed in September this year in the Pact for the Future. The expectation on all governments is for parties at this year’s negotiations to not only uphold this commitment but also advance it with a concrete, actionable plan for the transition in order to address the root cause of the climate crisis - fossil fuels. 

It is clear that our very survival hinges on a firm, global commitment to end the era of oil, gas and coal. COP29 represents a pivotal moment to move past rhetoric and drive meaningful change by setting in motion a clear plan for a fair and fully funded global transition to clean, safe renewable sources. This includes substantial climate finance commitments under the New Collective Quantified Goal, essential for supporting developing countries in the transition, and stronger Nationally Determined Contributions that reflect plans for a fair and equitable phase out of fossil fuels led by historically high emitters.

A Fossil Fuel Non-Proliferation Treaty is a the legally binding mechanism that would complement the Paris Agreement and bring this vision to life. A Fossil Fuel Treaty would foster and scale up global collaboration to end fossil fuel extraction, wind down existing production, and manage a just transition to renewable energy for all. At COP29, the growing bloc of progressive nations and allies who endorse the proposal for a Fossil Fuel Treaty will convene and rally political will to build support for this bold initiative. They will not allow big polluting wealthy countries and the fossil fuel lobby, who got us to this crisis, to continue blocking progress and holding us into the past. They are coming together to forge a fossil-free future that does not bend to the dirty, extractivist and colonial capital, and that leaves no single individual, community or nation behind. 

Join us in advocating for a Fossil Fuel Non-Proliferation Treaty to ensure that COP29 becomes a turning point to protect what we love by accelerating the end of the fossil fuel era and catalyzing a sustainable future for all.

Letter to World Leaders: Join the bloc of countries seeking to negotiate a Fossil Fuel Non-Proliferation Treaty

Read the letter from the new President of the Fossil Fuel Treaty, Kumi Naidoo, being sent to over 175 world leaders

Events at COP29

View events hosted by or featuring the Fossil Fuel Non-Proliferation Treaty Initiative at COP29 in Baku. View past event recordings. Contact media@fossilfueltreaty.org for speaker requests.

  • Expectations for COP29 and the road to COP30

    The opening of the WWF Pavilion will feature a conversation on key outcomes for COP29 and how to pave the way for COP30, featuring Manuel Pulgar-Vidal, WWF Global Lead for Climate Change, Liliam Chagas, Brazil Deputy Head of Delegation, Rachel Kyte, UK Special Representative for Climate, and Tzeporah Berman, Chair of the Fossil Fuel Non-Proliferation Treaty Initiative.

  • Second Senior Officials Meeting of the nation-states forming the Fossil Fuel Treaty Initiative

    Senior Officials from nation-states backing the Fossil Fuel Non-Proliferation Treaty will discuss the landscape of just transition financing proposals and mechanisms that could be included in a fossil fuel treaty; a work plan, including the support needs to grow the bloc of endorsing countries and better leverage their diplomatic capital; ongoing work on the legal pathways for a fossil fuel treaty; and efficient and effective coordination of our Initiative

  • The push for a financed transition out of fossil fuels: Why we are banking on a Fossil Fuel Non-Proliferation Treaty

    Building on the country endorsements for the Fossil Fuel Non-Proliferation Treaty and in connection with the Bridgetown Initiative we will host an event exploring how public and private finance can be mobilised and reformed to support the transition away from fossil fuels, and to strengthen the development of Just Transition pathways in endorsing countries.

  • Second Ministerial Meeting of the nation-states forming the Fossil Fuel Treaty Initiative

    Ministers from endorsing countries will share a progress update, receive guidance and make decisions on: the landscape of just transition financing proposals and mechanisms that could be included in a fossil fuel treaty; a work plan, including the support needs to grow the bloc of endorsing countries and better leverage the diplomatic capital of endorsing nations; ongoing work on the legal pathways for a fossil fuel treaty; and the efficient and effective coordination of our Initiative.

  • Press Conference: Launch of briefing papers on finance and just transition

    Join us for the launch of briefing papers and a panel discussion featuring the authors of the two briefing papers on debt and finance.

    We will launch the following papers:

    “Urgent action to address energy access, debt and climate finance in the Caribbean region”

    “If it's not Global it's not Just: How a Fossil Fuel Non-Proliferation Treaty can accelerate finance for a global just transition.”

  • Fossil Fuel Non-Proliferation Treaty Drinks Reception

    Join us for a convivial moment with friends and allies from across our network to unwind during the hectic weeks of COP29. We will be offering drinks and light snacks in a relaxed atmosphere where you can network and exchange with Treaty supporters from across the globe.  You must register for this event as spaces are limited.

  • Strategy Breakfast for a Fossil Fuel Non-Proliferation Treaty

    Join us for a breakfast strategy meeting with allies and partners and strategise how we can leverage further support for a Treaty in 2025. This is also an excellent opportunity for networking and meeting allies and we look forward to exchanging ideas and strategies for a successful 2025. You must register for this event.

  • Press Conference: Assessing COP29 outcomes

    As COP29 draws to a close, the Fossil Fuel Non-Proliferation Treaty Initiative hosts experts and campaigners as they share their analysis of the key issues and outcomes and look forward to COP30.

The Fossil Fuel Treaty at COP29

At COP28 last year, the need to transition away from fossil fuels was finally recognized in the climate talks and this commitment was further solidified in the Pact for the Future in New York in September 2024. As escalating climate impacts wreak havoc globally, fueled by the extraction of coal, oil and gas, it is clear that our very survival hinges on a firm commitment to end the era of fossil fuels. It is critical that parties at COP29 move beyond rhetoric and map out an actionable pathway for a fair and financed global transition from fossil fuels, including adequate climate finance under the New Collective Quantified Goal. A Fossil Fuel Non-Proliferation Treaty is the legally binding mechanism needed to complement and help implement the Paris Agreement by fostering global collaboration to end fossil fuel extraction, phase out existing production and ensure an equitable, financed and well managed global transition to sustainable energy.

    • At COP29, countries must uphold and advance the COP28 agreement to “transition away from fossil fuels”. It will take international cooperation to develop and implement a concrete, actionable plan to stop the expansion of fossil fuels globally and facilitate an equitable shift to renewables. 

    • Wealthy, high-emitting nations must lead the charge in transitioning from fossil fuels first and fastest. This means these countries need to set ambitious goals within their Nationally Determined Contributions to end fossil fuel expansion and fossil fuel phase out,  while delivering adequate climate finance and technical support to help developing countries least responsible for historic emissions to transition. 

    • We urge governments to support the calls for a Fossil Fuel Non-Proliferation Treaty to complement the Paris Agreement by addressing the root of the climate crisis- coal, oil and gas- and paving the way for a legally binding roadmap for the global transition and a sustainable future for all.

    • Wealthy countries must pay up at least $5 trillion per year from the Global North to the Global South as annualized reparatory payments against the wider climate debt being incurred. The new climate finance goal should establish at least $1 trillion per year in public grants for economically emerging countries to support cutting emissions, preparing for and adapting to climate impacts, and funding to address loss and damage from extreme weather.The exploitation of coal, oil and gas severely affects ecosystems and entire communities as it generates 86% of carbon emissions over the last decade, the main cause of climate change.

    • The NDC Synthesis report confirms that current progress on NDCs falls significantly short of what’s needed to limit global heating to 1.5°C as the total emissions gap between current NDC projections and what is needed to stay within 1.5°C is approximately 22.7 Gt CO₂, Meanwhile, major fossil fuel-producing countries plan to produce about 110% more fossil fuels in 2030 than would be compatible with limiting global warming to 1.5°C. 

    • At COP28, states were called upon to contribute to global efforts to limit global heating to 1.5C, including transitioning away from fossil fuels. Updated NDCs due in 2025 are the last chance for countries to commit to action to meet the climate target set under the Paris Agreement. 

    • According to IISD, a third of the largest fossil-fuel-producing countries do not mention transition of the fossil fuel sector in their NDCs, while a good number have signaled the continuation or increase of fossil fuel production. 

    • Developed nations fall well short of their fair share of commitments to tackling the climate crisis, and would need to more than double or triple the level of ambition in NDCs to achieve even the lower range of their fair share.

    • 1.5-aligned NDCs demand a plan for a fair phase out of fossil fuels, with the highest emitters halting expansion of fossil fuels and bearing the responsibility to transition first and fastest, while offering finance and technology transfer to support the transition in developing countries.

    • At COP29, parties will negotiate a new climate finance goal, the New Collective Quantified Goal, to fund the transition away from fossil fuels agreed to at COP28. The new climate finance goal must provide for new and additional funds and include dedicated just energy transition funding for a fair fossil fuel phaseout that supports fossil fuel dependent workers and communities.

    • Wealthy countries must pay up at least $5 trillion per year from the Global North to the Global South as annualized reparatory payments against the wider climate debt being incurred. They have the means to mobilize well over this amount for climate action at home and towards the New Collective Quantified Goal (NCQG) by ending fossil fuel subsidies, imposing taxes on polluters and implementing wealth tax on billionaires. 

    • Adequate finance to support the expansion of renewable energy infrastructure and adaptation measures is critical to unlocking ambitious NDCs among developing nations, ahead of 2025 when nations are set to submit updated NDCs. Inadequate finance risks countries falling short of their NDCs, thus undermining global efforts on climate action. 

    • Civil Society Organisations are calling for a new climate finance target of at least $1 trillion per year in grants and grant-equivalent finance for economically emerging countries to support cutting emissions, preparing for and adapting to climate impacts, and funding to address loss and damage from extreme weather. This includes a $300 billion mitigation sub goal to support COP 28 agreements to transition away from fossil fuels, triple renewable energy capacity and double energy efficiency by 2030. This funding is essential for inclusive just transition pathways that do not exacerbate debt for developing nations.

    • Discussions on a new climate finance goal have been bumpy, pitting developed and developing nations against each other, with key points of contention including the scale of funding, its sources, and access mechanisms. Additional concerns raised on climate finance are insufficient progress on equity-based commitments, the need for grant-focused financing, and dedicated loss and damage funding.

    • Global financial systems that prioritize debt repayment over climate obligations are worsening the climate crisis by pressuring heavily indebted developing nations to increase fossil fuel production for debt servicing. This approach perpetuates environmental degradation and economic vulnerability.

    • Many developed nations are stuck in a vicious cycle of debt-disaster as the disproportionate impacts of climate related disasters limit their ability to build resilience against the climate crisis and finance their development, including the shift to renewable energy. 

    • Debt restructuring, renegotiating the terms of existing debt or reducing debt burdens are essential for developing nations to break the cycle, free up much needed resources for adaptation and investment in sustainable energy, and enhance economic stability.

    • Financial institutions like the IMF must pursue alternative instruments that prioritize debt relief, sustainable finance, and investment in renewable energy rather than extending and entrenching reliance on fossil fuel infrastructure

    • The agreement made by governments at COP28, to triple renewable energy capacity and double energy efficiency by 2030, is set to almost triple demand for critical minerals according to IEA on the same timeline.

    • Without proper management, increased demand for these minerals risks a continuation of the harmful legacy of mining activities, perpetuating commodity dependence, exacerbating geopolitical tensions and posing environmental and social challenges with adverse impacts on sustainable development including on livelihoods, the environment, health, human security and human rights, more so among Indigenous Peoples.

    • The renewables revolution should be grounded in equity and justice in order to spur sustainable development, while minimizing harm to the environment, respecting people and enhancing prosperity in resource-rich developing countries. A FossilFuel Treaty would foster a people-centered transition ensuring the rights and interests of resource-rich communities are protected.

    • Carbon Capture and Storage, and other unproven technologies, are false solutions pushed by the fossil fuel industry that haven’t yet passed the test of being effective, scalable, and affordable. All of these alternatives are, in fact, dangerous distractions designed to distract us from the real debate and the real solution to the climate crisis, which is the phase-out of fossil fuels and a rapid and equitable energy transition.

    • Azerbaijan, a major oil and gas producer whose economy is heavily reliant on fossil fuels and that is expanding production is hosting COP29 which stands in stark contrast to the urgent need for countries to phase out fossil fuel production in line with the Paris Agreement's 1.5°C limit. This brings into question the integrity of the COP process as it risks undermining genuine efforts at addressing the climate crisis when those who benefit from fossil fuel extraction are hosting and dominant in negotiations. 

    • Azerbaijani authorities have a longstanding record of severely curtailing freedom of expression and association. The government has been accused of silencing critics, restricting civil society organizations and curbing the activities of environmental activists—groups that are essential in advocating for robust climate action and holding governments accountable.

    • Azerbaijan hosting COP poses serious concerns that freedom of expression and assembly could be restricted, limiting the participation of key stakeholders in the climate dialogue, a situation that would weaken the ability of COP to serve as an inclusive and transparent forum for advancing global climate action.

    • At COP28, a record number of fossil fuel lobbyists had access to the climate talks - at least 2400 according to an analysis by Kick big Polluters Out.

    • Climate change and human rights are fundamentally connected with people already being killed and displaced in the millions each year. The issue is fundamentally tied to other human rights including gender, freedom of expression, the right to health and education and others. 

    • Any COP or any other forum that discusses climate change cannot ignore the issue of human rights. 

    • The world is facing unprecedented social, health, and economic challenges as the impacts of climate change further deepens historical injustices, with the least responsible nations and communities suffering the most. This extends to access to energy, food, clean water, and education. These consequences are not universally distributed – they disproportionately affect those who are the least able to mitigate them, leading to deeper social inequality and deprivation of human rights.

    • Fossil fuels are the lifeblood of powering conflicts and military activity worldwide as militaries are dependent on fossil fuels as an energy source. 

    • The global militaries’ reliance on fossil fuels creates a loop that not only drives emissions but also diverts financial resources from critical climate action. From 2013 to 2021, the wealthiest countries spent an enormous $9.45 trillion on military budgets, compared to just $243.9 billion on international climate finance.

    • The extraction of fossil fuels has systemic negative impacts on human security and marginalised communities ranging from ecological destruction and long-lasting health impacts to forced evictions, displacement and militarisation around extraction sites, disproportionately impacting Indigenous Peoples, land defenders and women.

    • While a fossil fuel phase out is urgently needed to both mitigate the climate crisis and as an important pillar for peace, there does not yet exist a binding international instrument to end the expansion of new coal, oil and gas and to ensure the transition away from fossil fuels. A Fossil Fuel Non-Proliferation Treaty has the potential to be an essential climate tool for peace as it provides an international mechanism to fairly manage the global phase out of fossil fuels, enabling a just rapid transition for all states and communities.

    • Donald Trump’s position on climate change is clear. As former President, he pulled the United States out of the Paris Agreement. He calls climate change a hoax and says he will repeal the Inflation Reduction Act and open up more lands to drilling if he becomes President again.

    • Trump is dangerously behind the times. People are already dying from climate change around the world. Hundreds of people just died in the U.S. alone, when hurricanes Milton and Helene raged through. Climate change is an existential threat, not a hoax, and the main source of the problem is fossil fuels.

    • From a policy perspective, even if he were to repeal the Inflation Reduction Act, there is very little if anything he can do to derail what is already in motion as funding continues to move out the door for states, communities and households to support electrification, renewable energy and other climate friendly solutions.

    • Bringing back the “Drill Baby Drill” call is also out of date.  The International Energy Agency’s Net Zero scenario calls for no new fossil fuel projects if we are to keep warming to the Paris Agreement goal of  1.5C of warming. It’s also clear that the world doesn’t need any more oil, gas or coal to support an energy and low carbon economic transformation. The challenge is one of oversupply.

    • Other countries and jurisdictions are starting to move in the opposite direction. The Power Past Coal Alliance now has 60 national governments, 51 subnational governments and 69 global organizations as members and are hosting global dialogues to continue the wind down of coal. The Beyond Oil and Gas Alliance has 12 national governments and 4 subnational governments as core members that are working to elevate the need for a phase out in international dialogues and create a community of practice to support the transition away from oil and gas. At UN climate negotiations, the need to transition away from fossil fuels was referenced last year in the meeting text and a commitment made to accelerate the adoption of renewable energy. 

    • There are also 14 nations and 115 cities and subnational governments spearheading a global effort to negotiate a Fossil Fuel Non-Proliferation Treaty to end expansion, equitably wind down existing production and accelerate a fair and just move away from oil, gas and coal. This includes the State of California which is a fossil fuel producer and Colombia, a country with crude petroleum and coal briquettes as its top experts. Now Colombia is actively developing transition plans despite how central fossil fuels currently are to their economy. 

    • There is no room or time for the type of misinformation about climate change that Trump attempts to spread. If he should become President, there will need to be heightened international cooperation on the part of countries actively engaged in fossil fuel phase out conversations and planning to continue advancing progress towards a fully funded, fast and fair transition away from the three products killing us - oil, gas and coal.

The momentum for a Fossil Fuel Treaty keeps growing:

The proposed Fossil Fuel Non-Proliferation Treaty is supported by a bloc of 14 Pacific, Caribbean and Southeast Asian countries, including 2 producer countries, 10 Amazonian indigenous nations, over 120 cities and sub-national governments, over 850 parliamentarians from 95 countries and the European Parliament, the World Health Organisation and hundreds of health professionals, 101 Nobel laureates, as well as 3,000 scientists and academics, the Vatican's Cardinal Michael Czerny, Dr. Rowe Williams, 104th Archbishop of Canterbury, and thousands of religious institutions, over 3,000 civil society organisations, the World Health Organisation and hundreds of health professionals. 000 scientists and academics, Cardinal Michael Czerny of the Vatican, Dr Rowan Williams, 104th Archbishop of Canterbury, and thousands of religious institutions, more than 3000 civil society organisations, and nearly 1 million individuals.

Media Briefings and Resources for COP29

Short briefing notes that can help inform governments, cities and other decision-makers about the case for a Fossil Fuel Non-Proliferation Treaty. Want to organise for a member of the Treaty Support Team to join a briefing? Contact campaign@fossilfueltreaty.org

View all research, resources, and publications

 Contact us.
Connect with us for live updates