Insights from the 2024 COP29 Climate Conference

Each year, the UN convenes a Conference of Parties (COP), bringing together public and private sector leaders to catalyze action and deliver climate progress. From November 11 to November 22, the COP Presidency of Azerbaijan hosted COP29 in Baku, with a program focused on advancing the targets set forth in the Paris Agreement and designing an inclusive energy transition.

Every COP represents a critical moment in international progress and cooperation—an opportunity to align and forge collective action around a shared purpose. But each also acts as a reminder that time is running out to combat the worst effects of climate change. The objective of COP29 was focusing on the need to “invest today to save tomorrow.”

In Baku, BCG’s delegation convened clients across industries to explore pathways for green growth, reducing climate risks, and accelerating decarbonization. Our engagements at COP29 reinforced that, while much work remains—especially in delivering government-level cooperation worldwide-public and private sector organizations play a pivotal role in aligning net-zero goals with value creation to drive impactful progress.

Insights from COP29 and Beyond

At BCG, we remain committed to partnering with the most impactful institutions around the globe to drive impact on the issues that will be front and center at COP29. Our expertise includes:

Climate Finance — BCG is committed to helping organizations unlock climate financing and innovation by mobilizing funding across the investment and venture ecosystem.

Sustainable Transformation and Green Growth — We help leaders build more sustainable organizations and deliver greener impact. Our experts help legacy companies drive innovation at the core, ensuring that they are able to deliver financial returns and positive societal impact. We also work closely with emerging businesses to scale innovation and achieve lasting competitive advantage.

The Sustainable Advantage: Insights on Creating Competitive Advantage Through Sustainability

Decarbonization and the Energy Transition — BCG combines a deep expertise in energy, climate, and social impact to bring innovative and inclusive solutions to the energy transition. We work closely with clients to lower their emissions footprint, ensuring that they are ready to build—and operate in—a more sustainable world.

AI, Technology, and Climate Impact — While emerging technologies offer corporations and governments a much-needed edge in the fight against climate change, because of their energy intensity, they must be deployed thoughtfully. Our experts help organizations harness AI, climatech, and other powerful capabilities efficiently and sustainably, without exacerbating the issues they are trying to solve. Used strategically, these tools will help our most important institutions reduce emissions, speed the energy transition, and unlock value.