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CEEW Leaders’ Dialogue, Edition Two, 16 November 2024, Baku, Azerbaijan

Dialogue Summary

Contributed by Council on Energy, Environment and Water, Plataforma CIPÓ

Posted 16 December 2024

   

The Council on Energy, Environment and Water (CEEW) organised Edition Two of its flagship Leaders' Dialogue alongside COP29, on 16 November 2024, in Baku, Azerbaijan. It was supported by the International Solar Alliance, African Climate Foundation, Plataforma CIPÓ, U.S.-India Business Council, and Wind Independent Power Producers Association (WIPPA). The Dialogue hosted twenty-four experts from thirteen countries spanning all continents (except Antarctica!).

The CEEW Leaders' Dialogue convenes global experts to discuss the macroeconomics and geopolitics of development, sustainability, trade, and competitiveness, covering myriad geographies, industries, and priorities. Edition One was held on the sidelines of COP28 in Dubai in November 2023. Edition Three will be held alongside COP30 in Belem, Brazil.

Edition Two featured a conversation on the world's largest democracy, India, and its unique ambition to become Viksit Bharat (Developed India) by 2047 on a low-carbon pathway amidst multiple global structural shifts. Conversations then delved into the need to craft bespoke national energy transition plans, since no two countries are identical, nor are states, districts, cities, and villages, within countries. Experts also discussed ways to align financing flows with economic, social, and environmental priorities to address the gaps in Financing for Development, including the SDGs, which, for developing countries, is touching USD ~4 trillion per annum.

A discussion on valuing sustainable and resilient water infrastructure covered using our collective knowledge, collaborative tools, and intent to act to finance and build water storage, treatment, and distribution infrastructure, especially in emerging markets and developing economies (EMDEs). Speakers then explored the role of the private sector in investing in climate resilience in EMDEs) to prevent disaster-led erosion of lives, livelihoods, and infrastructure, using mapping, layering, and solving for micro-level climate risks. A panel of multinational industry leaders spoke of the challenges and opportunities for their sectors in prospecting for the fuels of the future.

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