2024-07-02 14:05:57
Supply: Worldwide Info Company Development
A brand new formidable and practical local weather finance goal must be agreed upon at COP29, European Commissioner for Local weather Motion Wopke Hoekstra, who just lately visited Azerbaijan, mentioned in an unique interview with Development, Day.Az studies.
“This mission was an vital step in direction of COP29, and conferences on the technical and political ranges will intensify within the coming weeks and months. With a number of months to go till COP, the date is approaching in a short time, I wished to debate the priorities and aims of COP, preparations for this occasion with COP29 President-designate Mukhtar Babayev and different authorities representatives. I additionally wished to trade views with civil society representatives, as they’re a key a part of the talk,” he mentioned.
Hoekstra famous that at COP29, ministers and leaders should: 1) reaffirm their dedication to the transition away from fossil fuels and start to reveal the steps they’re taking to take action; 2) agree on a brand new formidable and practical local weather finance goal that can present certainty that private and non-private assets will probably be accessible to help this transition; and three) launch a global carbon market in step with the Paris Settlement, with guidelines that guarantee environmental integrity, transparency and accountability.
“The COP will probably be an vital milestone for the presentation of the primary transparency studies from taking part nations and for checking that we’re all on monitor to develop our subsequent emissions targets that can assist us attain web zero emissions by mid-century,” the Commissioner mentioned.
Hoekstra added that Azerbaijan’s local weather ambitions, together with how the nation plans to speed up its local weather targets, had been additionally mentioned throughout conferences in the course of the go to.
“Throughout the conferences, we additionally exchanged views on potential initiatives throughout the COP29 Motion Programme on renewable vitality, hydrogen, methane, storage and networks. It was additionally essential for me to satisfy with International Minister Jeyhun Bayramov. Cooperation on local weather and COP29 is a part of a broader dialogue with Azerbaijan, during which we additionally mentioned human rights, civil society engagement and the peace course of. [c Арменией]”, he added.
Wopke Hoekstra burdened that the European Fee continues its dialogue with all worldwide companions all year long to make sure a profitable COP29.
He famous that worldwide cooperation within the area of local weather is vital.
“Local weather change is aware of no borders and is an pressing disaster. To successfully fight local weather change, we have to assume globally. On this context, the COP is a platform the place the whole worldwide group meets and agrees on the way forward for local weather coverage. COP conferences appeal to a number of public and media consideration, and this course of by no means stops.
As for the EU, we imagine that worldwide cooperation is essential. First, we need to set instance via our personal ambitions. We have now handed laws to scale back emissions by 55 p.c by 2030 and set a binding local weather neutrality goal for 2050. We have now collected intensive expertise, for instance in carbon pricing, and are eager to share this expertise with others. The EU can also be the most important donor of local weather finance – €28.5 billion in 2022. We promote bilateral inexperienced alliances and truthful partnerships on the vitality transition with particular person companions,” the Commissioner defined.
Hoekstra added that an important factor will probably be to guide by instance and be keen to barter with all events to realize targets.
“We proceed to interact in dialogue with all worldwide companions all year long to make sure a profitable consequence. For instance, I used to be on the ministerial assembly in Copenhagen, I’m now in Baku and I’m in frequent discussions with many EU and non-EU nations, worldwide organisations to make sure the success of COP29. On the technical stage, work can also be ongoing. The Fee groups are working tirelessly to advance the negotiations. All voices have to be heard. Combating local weather change have to be a worldwide duty, and local weather change is a menace that all of us face. At COP28, we had been in a position to construct bridges and coalitions with pals from everywhere in the world. We have to create an identical atmosphere in order that nobody is left behind,” he mentioned.
The European Commissioner famous that there’s a essential strategic vitality partnership between the EU and Azerbaijan.
“Efforts to scale back methane emissions and develop the renewable vitality sector are additionally progressing very properly. Azerbaijan joined the World Methane Dedication in February 2024, and SOCAR is about to hitch the Oil and Fuel Methane Partnership 2.0. As Azerbaijan prepares for COP29, I used to be happy to study throughout my go to that the nation will increase the general stage of its home local weather ambition. Because the COP presidency, Azerbaijan is setting an instance for different nations within the area and world wide,” he mentioned.