BAKU, Azerbaijan, October 11. The International Renewable Energy Agency (IRENA) will launch a new initiative for Central Asia within the framework of COP29, the Director General of the International Renewable Energy Agency Francesco La Camera told Trend on the sidelines of Pre-COP29.
According to him, the launch of this initiative means that IRENA is working with Central Asian countries and Azerbaijan on interconnection and integration of the new system into the energy corridor.
“We are considering possibilities to facilitate financing of projects. All countries will work on improving interconnectivity. We are developing plans for further integration of energy networks and other systems. These are very concrete steps as they present projects to facilitate our work with partners,” the director general of IRENA noted.
He added that the agency is also organizing an investment forum within COP29 for the first time.
The preliminary meeting of the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), i.e., Pre-COP29, which precedes the climate summit itself, started its work in Baku and goes under the motto “Enhance Ambition and Enable Action”.
The 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29) will be held this November in Azerbaijan. The decision was made at the plenary meeting of COP28 held in Dubai on December 11 last year. Within two weeks, Baku will become the center of the world and will host about 70,000–80,000 foreign guests.
The UN 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 in the climate system. The abbreviation COP (Conference of Parties) means “Conference of Parties” and is the highest legislative body overseeing the implementation of the Framework Convention on Climate Change.
A total of 198 countries are parties to the Convention. Unless otherwise decided by the parties, COP is held annually. The first COP event was held in March 1995 in Germany's Berlin with its secretariat in Bonn.