Bôndy at COP29

Bôndy, present at COP 29

The 29th Conference of the Parties (COP 29) of the United Nations Framework Convention on Climate Change (UNFCCC) took place in Baku, Azerbaijan, from 11 to 22 November 2024, bringing together 197 countries, including Madagascar. In a context of accelerated global warming and extreme events, the conference aims for a strong impact with a new funding objective to support the adaptation, mitigation and management of loss and damage in developing countries. This new target should replace the commitment of $100 billion per year set in 2009 in Copenhagen, by reforming the financial architecture to ensure equitable access to resources. COP29 is expected to end with the signing of nine declarations by the participating countries.

BÔNDY, represented by Lalao Aigrette, Director of the Blue Economy, and Gabriel Tasso, Bôndy's CEO was present at COP 29 in Baku, Azerbaijan. This event is an essential opportunity to accelerate actions against the climate crisis, with a particular focus on financing mechanisms for sustainable solutions. COP 29 focuses on the need to mobilize innovative financial resources to address global environmental challenges. Bôndy spoke as a panelist in several conferences, including one on the theme “Investment: Navigating Climate Challenges and Risks with Sustainable and Innovative Solutions.” Their participation aims to share their expertise in the implementation of climate impact projects, while exploring new avenues for sustainable financing, which is crucial for the ecological transition. Dr. Lalao Aigrette, Blue Economy Director at Bôndy International, proudly represented our commitment at COP29 in Baku, Azerbaijan. She took part in an inspiring discussion around the theme: 'Blue Carbon Beyond Mangroves: Emerging Solutions'. A significant moment to reaffirm our dedication to the blue economy and sustainable solutions

A key moment marked this COP29: the launch of the GZéro coalition, an ongoing alliance bringing together Madagascar, Suriname, Bhutan and Panama. These nations, recognized for their efforts to reduce emissions and preserve biodiversity, share a common goal: to build a sustainable climate future. G Zero brings together countries that have achieved “Carbon Neutrality” or “Negative Carbon” status, such as Madagascar, which sequesters more carbon than it emits. This coalition is committed to implementing concrete actions for the conservation of natural resources, the strengthening of the protection of forests, oceans and biodiversity. It illustrates the determination of the most committed countries to act for a more resilient and sustainable future.

During a panel organized at the Madagascar Pavilion, the Minister Max Andonirina Fontaine highlighted the crucial importance of the “Today and Tomorrow Initiative”, a program led by UNICEF. This ambitious project aims to strengthen essential infrastructures, such as schools, to make them more resilient in the face of natural disasters, including cyclones. Madagascar is among the countries most exposed to the consequences of climate change, which seriously affects health, food security and access to education. The “Today and Tomorrow Initiative” directly addresses these challenges by seeking to reduce the risks associated with natural disasters, protect young generations, and lay the foundations for a stronger and better prepared society in the face of climate hazards.

Bôndy's participation in COP29 illustrates his active and constant commitment to the fight against climate change and the promotion of sustainable solutions. Through interventions on key themes such as innovative financing and the valorization of the blue economy, Bôndy affirms its role as a catalyst in the implementation of impact projects. In addition, landmark initiatives such as the launch of the #GZéro coalition and the “Today and Tomorrow Initiative” reflect a growing global mobilization to build a more resilient and equitable future. These collective commitments reinforce the urgency to act and highlight the importance of international collaborations to respond to global climate challenges.