2024-07-23 18:03:36
Azerbaijan and the UN discussed investments in business solutions in line with the goal of achieving “Net zero”.
Azerbaijani Minister of Economy Mikayil Jabbarov wrote about this on social network X, as reported by Day.Az on Tuesday.
The publication notes that a meeting was held with the UN Special Envoy for Climate Action and Finance and Co-Chair of the Glasgow Finance Alliance for Net Zero, Mark Carney.
“We looked at a range of economic issues related to climate change, including investments in Net Zero initiatives, the transition to sustainable practices and joint efforts within the framework of COP29,” the publication says.
Let us recall that in November this year, Azerbaijan will host the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29). The decision to do so was made at the COP28 plenary session held in Dubai on December 11 last year. Over the course of two weeks, Baku, becoming the center of the world, will host about 70-80 thousand foreign guests.
The United Nations Framework Convention on Climate Change is an agreement signed at the Earth Summit in Rio de Janeiro in June 1992 to prevent dangerous human interference with the climate system. The abbreviation COP stands for Conference of Parties, which is the highest legislative body overseeing the implementation of the Framework Convention on Climate Change.
The convention has 198 parties. Unless the parties decide otherwise, the COP is held annually. The first COP event took place in March 1995 in Berlin, and its secretariat is located in Bonn.
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