With 2024 poised to become the warmest year on record—surpassing 1.5°C above pre-industrial levels—the impacts of climate change are more apparent than ever. Catastrophic events such as flooding in Libya and Spain, massive wildfires in Canada and Greece, and severe droughts in the Amazon highlight the accelerating crisis. Against this backdrop, COP 29 emerged as a pivotal moment to address the urgent need for sustainable solutions.
What COP 29 Achieved: Progress Towards Climate Resilience
Held in Baku, Azerbaijan, from November 11 to 22, COP 29 brought together nearly 70,000 participants in-person and virtually. One of the landmark outcomes was the commitment to triple climate financing for developing countries by 2035, a vital step towards climate justice and the protection of vulnerable communities.
Key achievements from COP 29 include:
- Activation of the Loss and Damage Fund, now backed by the financial resources necessary to support countries facing irreversible climate disasters.
- Strengthened commitments to fund energy transitions and climate adaptation, ensuring progress on Nationally Determined Contributions (NDCs), crucial for limiting global warming.
However, challenges remain. COP 29 highlighted tensions between developed and developing nations over financing levels and shared responsibility. Additionally, the scale of financial commitments still falls short of the trillions required to support global climate efforts.
More information in the United Nations Climate Change (UNFCCC)
Innovation and Technology: Essential for a Low-Carbon Future
Beyond financial pledges, the path to a low-carbon economy demands unprecedented collaboration, innovation, and a fundamental shift in political and social priorities. As COP 29 concluded, attention turned to COP 30, set to take place in Brazil, where the focus will be on bridging gaps in funding and accelerating actions to tackle the climate crisis.
The Role of Industrial Refrigeration in Building a Sustainable Future
For the refrigeration industry, the most valuable issues discussed at the COP 29 are the reduction of greenhouse gas emissions and the development of environmentally sustainable models.
Gradhoc has been actively working to develop the best cooling management system by combining technology and experience. It is an investment in the medium and long term that will allow all kinds of industries to achieve greater rates of energy efficiency, which means saving significant sums of money during the life cycle of the equipment used. In addition, a real environmental commitment enhances corporate reputation, which, in turn, increases both sales and the chances of receiving public and private investment. Finally, the subsidies available to polluting industries will be decreasing, jeopardizing the competitiveness of those business that fail to align their financial objectives with the ecological ones.
On the other hand, the food sector needs a refrigeration industry that be technologically advanced, as well as committed to the environment, to maximize its efficiency, thus avoiding deforestation, optimizing energy consumption, etc.
Gradhoc, through its software, helps to achieve the environmental objectives settled to secure our future in our planet.
