Baku, Azerbaijan – The 29th Conference of the Parties (COP29) concluded in Azerbaijan with a strong $300 billion-a-year climate finance agreement and the operationalization of Article 6, marking a significant step forward in global climate action. In these times of increased need for global collaboration of all stakeholders to tackle the climate crisis, the Digital Innovation Pavilion (DIP) emerged as a transformative platform for fostering innovation and private sector engagement in addressing the climate crisis.
As the world grapples with the challenges of meeting the Paris Agreement goals, the DIP continues to push the boundaries of digital innovation, uniting global leaders, key stakeholders, and technological pioneers to catalyze meaningful change.
As the world grapples with the challenges of meeting the Paris Agreement goals, the DIP continues to push the boundaries of digital innovation, uniting global leaders, key stakeholders, and technological pioneers to catalyze meaningful change.
Key Outcomes
The Digital Innovation Pavilion hosted 43 events and brought together 209 global leaders from renowned organizations such as World Bank, IFC, UNFCCC, Climate Bonds Initiative, HBAR Foundation, ITU, BCG, JPMorgan, Bureau Veritas, and GIZ to tackle critical challenges and opportunities, including:
🎥 Recordings available: dip.earth
- Artificial Intelligence (AI): Exploring its transformative role in climate action.
- Youth Leadership: Empowering the next generation of climate leaders.
- Climate Finance & Carbon Markets: Mobilizing investments and enhancing transparency.
- Blue Economy: Developing innovative solutions for ocean-based mitigation and adaptation.
- Data-Driven Solutions for Cities: Advancing urban climate resilience through technology.
🎥 Recordings available: dip.earth
Groundbreaking Announcements
COP29 served as a launchpad for transformative initiatives unveiled at the DIP, including:
- $100M Ocean Climate Fund: This fund, presented by Stan Stalnaker, aims to channel much-needed blended capital into blue economy projects addressing both mitigation and adaptation challenges. More details are available at oceanclimatefund.com.
- Global 1000 Challenge: Unveiled by XPRIZE and ClimeFi, this global initiative seeks to accelerate climate innovation by rallying a thousand solutions for measurable impact. Learn more at global1000challenge.org.
- Digital Carbon Forwards Issuance: Evercity announced the availability of 50,000 tonnes of digital carbon forwards, powered by Hedera Guardian, setting new standards for transparency and investor confidence. The issuance was supported by industry leaders Wes Geisenberger (Hedera), Anete Garoza (1MTN), and Vaibhav Jain (ClearBlue Markets).
Key Trends Emerging from DIP
- Host Country Engagement: The DIP was honored to collaborate with the UN High-Level Climate Champions team, led by Orkhan Mustafayev, and partner with Azerbaijan’s Innovation and Digital Development Agency under the leadership of Inara Valiyeva and Salar Imamaliyev.
- Global Party Engagement: Reflecting the growing importance of innovation for achieving the Paris Agreement, DIP hosted several high-level government delegations. It also announced collaborations with Mongolia and Uganda, advancing the digitization of national climate finance infrastructures.
- Venture Capital Breakthrough: For the first time, DIP emphasized the critical role of venture capital in bridging early-stage funding gaps. This effort was led by Laura Fox of Streetlife Ventures, highlighting the private sector’s vital contribution to accelerating climate innovation.
A Collaborative Effort
The success of the Digital Innovation Pavilion is owed to the strong partnerships that made it possible. Hosted by Evercity, Climate Chain Coalition, and GloCha Global Challenges Action Network (Miroslav Polzer), the DIP was supported by 17 key partners, including:
This year’s DIP marked a significant step in aligning digital innovation with global climate priorities, demonstrating the power of radical collaboration in advancing sustainable solutions.
- Co-Hosts: The HBAR Foundation (third consecutive year), African Export-Import Bank (Afreximbank), KPMG, and SAP.
- Special Partner: Planet 2050, represented by Lucas Zaehringer.
This year’s DIP marked a significant step in aligning digital innovation with global climate priorities, demonstrating the power of radical collaboration in advancing sustainable solutions.
Looking Ahead
As COP29 sets the stage for future progress, the Digital Innovation Pavilion continues to play a pivotal role in uniting leaders, fostering innovation, and driving private sector action to close the ambition gap. With momentum building, we eagerly anticipate taking these initiatives further at COP30 in Brazil, where the DIP is going to have i.a. A special thematic focus on localization of climate action with the help of emerging technologies.
For more information, visit dip.earth.
For more information, visit dip.earth.
About the DIP
The Digital Innovation Pavilion (DIP) is dedicated to fostering innovation and collaboration in climate technology. Hosted annually within the prestigious Blue Zone, it serves as a dynamic space for thought leaders, innovators, and policymakers to coalesce and advance impactful digital solutions for a sustainable future.
