BAKU, Azerbaijan, November 11. The 1st session of the 29th Conference of the Parties to the UN Framework Convention on Climate Change has concluded in Baku, Trend reports.
COP29 President, Minister of Ecology and Natural Resources of Azerbaijan Mukhtar Babayev announced the completion of the 1st session of the 29th Conference of the Parties to the UN Framework Convention on Climate Change.
To note, the 29th session of the Conference of the Parties to
the UN Framework Convention on Climate Change (COP29), which will
last until November 22, opened in Baku today.
This event is the largest organized by Azerbaijan to date, and for
the first time, it is held in this region in Azerbaijan.
A top-level event - a summit of world leaders on climate action - will be held within COP29 on November 12-13.
The main expectation from COP29 is to agree on a fair and ambitious New Collective Quantitative Goal (NCQG) on climate finance.
In addition to being a top priority that creates the conditions for action, climate finance will also contribute to the 1.5°C commitment 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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