Upcoming COP29 set to prioritize climate finance goal
5 months, 1 week ago

Upcoming COP29 set to prioritize climate finance goal

China Daily  

Azerbaijan, the host of the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change, more commonly known as COP29, has vowed to make every effort to ensure a fair and ambitious climate finance goal for developed nations. The 2015 Paris Agreement aims to keep the global temperature rise this century well below 2 C and to pursue efforts to limit the increase even further to 1.5 C. "Our plan to deliver this vision is based on two parallel and mutually reinforcing pillars of enhancing ambition and enabling action, with climate finance as our top priority," he added. Noting a "deep relationship that spans centuries" between Azerbaijan and China, Babayev said his country will work closely with China to advance the climate finance issue at COP29. He also expressed gratitude toward China for urging developed countries to accelerate the implementation of their climate finance commitments to developing nations at the G20 meetings this spring. "We will continue to work very closely with China as we move forward along these shared climate finance priorities," Babayev said.

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