BAKU, Azerbaijan, November 20. The Middle Corridor holds vast potential for digital development, United Nations Economic Commission for Europe (UNECE) Executive Secretary Tatiana Molcean said at the COP29 High-Level Ministerial Roundtable on Sustainable and Digital Middle Corridor and Beyond today, Trend reports.
"The Middle Corridor, connecting Europe and Asia through the Caspian Sea, is one of the strategic routes with immense potential for sustainable and digital development," she explained.
According to her, targeted efforts will allow the Middle Corridor to become a fully digitized and harmonized route, which will reduce costs and increase transparency for all participants.
Molcean mentioned that, within the Special Program for the Economies of Central Asia (SPECA), the UNECE closely collaborates with regional stakeholders.
"Last year, the SPECA roadmap for the digitalization of the Trans-Caspian Corridor was approved here in Baku at the level of heads of state. By 2027, this roadmap foresees the implementation of real-time data exchange across the entire Trans-Caspian Corridor in accordance with UN digital standards," she added.
To note, the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29), which will run until November 22, opened at the Baku Olympic Stadium on November 11. It is the largest event organized by Azerbaijan to date and the first time in the region that it is being held in Azerbaijan.
The main expectation from COP29 is to agree on a fair and ambitious New Collective Quantitative Goal (NCQG) on climate finance. The COP29 chairmanship has launched 14 initiatives that include linkages between climate action and the Sustainable Development Goals, including green energy corridors, green energy storage, harmony for climate resilience, clean hydrogen, methane reduction in organic waste, action on green digital technologies, and other topics.
In addition to being a top priority that creates the conditions for action, creating climate finance will also help fulfill the 1.5°C pledge by bringing everyone together.
The UN Framework Convention on Climate Change is an agreement signed at the Rio Earth Summit in June 1992 to prevent dangerous human interference in the climate system. The acronym COP (Conference of Parties) stands for “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 Berlin, and its secretariat is located in Bonn.
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