2024-08-04 17:16:44
I am confident that Azerbaijan’s presidency of COP29 will be able to achieve good results.
This was stated in a post on the social network “X” by the UN Assistant Secretary-General, Director of the UNDP Bureau for Policy Development and Programme Support Marcos Neto, Day.Az reports.
He noted that COP29 will focus on finance and that a new measurable climate finance target needs to be agreed upon first.
According to him, the “green” transition will cost trillions of dollars, and therefore a system is needed that defines financial ambitions, which should be agreed upon in November in Baku.
“UNDP would like to support the government of Azerbaijan, and the entire international community should help the COP presidency to achieve this result. This is a very important issue, and I am confident that the Azerbaijani presidency will be able to achieve good results,” Neto said.
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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