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Fight against climate change relies heavily on financing - UNFCCC

Green Economy Materials 10 October 2024 11:01 (UTC +04:00)
Fight against climate change relies heavily on financing - UNFCCC
Humay Aghajanova
Humay Aghajanova
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BAKU, Azerbaijan, October 10. Financing is one of the most important elements in the fight against climate change, the Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) Simon Stiell said at Pre-COP29 in Baku, Trend reports.

He noted that each country should be committed to its obligations.

“COP29 creates an ambitious space for us. We need every country to raise climate change commitments, which are very important. Countries have already started to fulfill their commitments. We appreciate that. I encourage all parties to work together,” he said.

Stiell noted that the goal of COP29 is for all plans to materialize.

“We are ready to do our best in this direction,” he added.

The preliminary meeting of the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), i.e., PreCOP29, which precedes the climate summit itself, has started its work in Baku.

PreCOP29 in Baku is held under the motto “Raising Ambition and Ensuring 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 70-80,000 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.

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