COP29 Carbon Management Ministerial Roundtable

By invitation only in Baku, Azerbaijan

The annual Ministerial on Carbon Management at the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP) is a pivotal event that elevates global ambition toward net-zero emissions. It brings together energy, environment, and foreign affairs ministers to collaborate on advancing carbon management strategies. Following the United Arab Emirates’ hosting at COP28, participants of the Carbon Management Challenge (CMC) and other interested countries are invited to join this important event.

This event focuses on achieving concrete outcomes towards the CMC 1 Gt goal, supporting ambition through (i) coordinating carbon management efforts from major governments across all key regions that meet the needs of the Paris Agreement; (ii) assessing global progress towards the goal; and (iii) developing the CMC’s three key workstreams in implementing and delivering the goal. The roundtable builds off a recent ministerial event “Gt by 2030 – Accelerating Carbon Management” held at the Clean Energy Ministerial (CEM) and Mission Innovation (MI) in Foz do Iguaçu, Brazil on 3 October 2024.

One of the most significant roadblocks to the global deployment of carbon management technologies is the difficulty developing countries face in building institutional capacity. This includes creating effective policy and regulatory frameworks, evaluating capture and storage opportunities from technical and business perspectives, and financing carbon management projects. Given these challenges, capacity building and financing in developing countries are crucial themes in ongoing discussions to enable carbon management deployment.

This event includes Observer organizations. Carbon management serves as a powerful demonstration of multilateral cooperation and effective partnerships, where achieving progress requires creating new relationships and deepening existing ones. The CMC recognizes that strategic engagement is critical for sharing information, managing expectations, and garnering trust and support among relevant stakeholders.