BAKU, Azerbaijan, September 18. Azerbaijan has introduced 14 global initiatives for the upcoming COP29, Co-chair of the Global Initiative Group of the COP29 Action Program, Elmar Mamedov said during the 12th Caspian Energy Forum in Baku, Trend reports.
“Azerbaijan has proposed 14 global initiatives within COP29. In preparing these initiatives, we considered five fundamental principles. First, we aimed to find a balance between key areas of the climate agenda, including financing. The second principle involves analyzing the balance between raising ambitions and pragmatism,” he stated.
According to him, the third principle is based on balancing economic, social, and environmental goals of sustainable development.
“The fourth principle indicates that our initiatives address not only global but also regional issues. The fifth principle ensures harmony between people and nature,” Mamedov emphasized.
This November, Azerbaijan will host COP29. This decision was made at the COP28 plenary meeting held in Dubai on December 11 last year. Baku will become the center of the world and will receive about 70–80,000 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. COP—the Conference of the Parties—is the highest legislative body overseeing the implementation of the Framework Convention on Climate Change. There are 198 countries that are parties to the Convention. Unless the parties agree otherwise, the COP is held annually. The first COP event took place in March 1995 in Germany's Berlin, with its secretariat in Bonn.