BAKU, Azerbaijan, October 10. Pre-COP29 events started in Baku will help make progress on such important issues as the “New Collective Quantitative Objective” on Article 6 of the Paris Agreement on Climate Change and clarify issues of the formation of the international Loss and Damage Response Fund, Green Clinical Fund, COP29 president-designate, Minister of Ecology and Natural Resources of Azerbaijan Mukhtar Babayev said at the opening of Pre-COP29 in Baku, Trend reports.
“Pre-COP29 will help to achieve progress on these critical issues, because we should not leave everything for COP29, and we can reach decisions before the climate summit, where there will be collective approval of actions,” Babayev noted.
According to him, Baku needs to support the consensus reached during COP28, in particular, on the accumulation and use of $1 trillion annually to address climate problems of developing countries, especially island states.
“Climate finance will be among the major issues at the consultations, pre-COP, and during COP29 itself,” the COP29 president remarked.
He stated that Baku will see upcoming discussions on the two-year transparency reports (BTRs) to be submitted by Paris Climate Agreement countries by the end of 2024 and countries' National Climate Commitment Plans (NDCs), to be submitted by February 2025.
“Their implementation will determine real steps to reduce greenhouse and non-pollutant gas emissions,” Babayev pointed out.
He emphasized that the determinations regarding Article 6 of the Paris Climate Agreement will hold significant global relevance.
“We believe that all political differences should be put aside for the sake of a bright climate future. I am sure that this will be supported by all participants of COP29,” Babayev concluded.