This year’s COP29 in Baku, Azerbaijan, is poised to shift global climate action into high gear by focusing on finance. With priority on the New Collective Quantified Goal for climate finance beyond 2025, COP29 aims to secure commitments that ensure emerging and developing nations can adapt and mitigate effectively. Parliamentary roles will be essential, establishing legislation that drives public-private investments in renewable energy, resilience, and adaptation. The conference will also operationalize the Loss and Damage Fund, crucial for supporting vulnerable communities facing climate impacts.