In a week's time, world leaders, CEOs, and climate experts will gather in Baku for the annual United Nations Climate Change conference - COP29. Amid increasingly concerning reports that greenhouse gases are accumulating at an unprecedented rate, the focus in Azerbaijan will be on what needs to happen next and who will bear the costs of saving the planet. Many believe that the disparity between the global north and south, especially regarding climate financing, will be the central issue at this COP.

As world leaders prepare for crucial discussions, the focus will be on addressing the inequities in climate finance that exist between developed and developing nations. This growing divide poses significant challenges in the collective effort to combat climate change and achieve sustainability.

In this edition of The Agenda, host Juliet Mann provides a preview of the discussions expected at COP29. She is joined by prominent figures such as Nigar Arpadarai, the UN Climate Change High-level Champion, Niklas Hagelberg from the UN Environmental Programme, and Wu Changhua, Chair of the Governing Council of the Asia Pacific Water Forum, who will share their insights.

The conference will highlight how developing countries typically suffer the most from climate change impacts while being the least responsible for emissions. This raises questions about fairness and accountability in financing measures aimed at fostering sustainability and resilience in these vulnerable regions.

Additionally, the focus on financial mechanisms is expected to stimulate dialogue on new funding sources that can help developing countries invest in green technologies and sustainable practices. Inadequate funding and support have hindered progress, making it increasingly urgent to create solutions.

The anticipated discussions at COP29 aim not only to address immediate pricing mechanisms but also to develop long-term strategies that can ensure sustained funding goes to the most affected areas. The upcoming summit will be instrumental in shaping these future commitments.

While these discussions unfold, visual narratives surrounding the effects of climate change will also play a crucial role in shaping public perception and mobilizing voices for action. Effective storytelling around climate impacts can foster a greater sense of urgency and responsibility.

As countries gather for this pivotal conference, the realities of climate change will continue to intersect with socioeconomic factors, influencing global governance and public policies. COP29 presents an opportunity for nations to navigate these complexities together.

Ultimately, the ongoing dialogue around who will bear the costs of climate change will be pivotal in determining the future direction of climate initiatives. The outcomes of COP29 will not only influence negotiations but potentially reshape global priorities.