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COP29 needs to focus on addressing financing issues - IBON International

Green Economy Materials 11 November 2024 11:25 (UTC +04:00)
COP29 needs to focus on addressing financing issues - IBON International
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, November 11. COP29 must be a conference focused on addressing financing issues that respond to the urgent needs of Global South countries, IBON International's Climate Justice Policy Officer Jax Bongon said at a panel discussion on the "Global Campaign to Demand Climate Justice," Trend reports.

“COP29 must be a conference focused on financing, one that answers the urgent needs of Global South countries. In these regions, people are fighting for their lives in the face of rising sea levels, flooding, super-typhoons, heatwaves, and droughts,” Bongon said.

To note, the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29) has kicked off in Baku. The decision was made at the plenary meeting of COP28 held in Dubai on December 11 last year.

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, which 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 the parties have decided otherwise, 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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