BAKU, Azerbaijan, November 13. The stands of the Trade and Investment House provide information on Azerbaijan's favorable business climate, and investment projects hold various meetings and events, Trend reports via Azerbaijan's Ministry of Economy.
According to the information, with organizational support of the Export and Investment Promotion Agency (AZPROMO), in partnership with the World Trade Organization, the UN Organization for Trade and Development, the International Trade Center, and the International Chamber of Commerce, stands of “Trade and Investment House” were organized in “Blue” and “Green” zones within COP29.
Various events and meetings with the organizational support of the Ministry of Economy are held at the sites where the stands are located, and information on Azerbaijan's business environment, investor support mechanisms, investment projects, etc. is provided.
To note, the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) started in Baku on November 11. 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 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 the parties decide otherwise, the COP is held annually. The first COP event took place in March 1995 in Berlin, and its secretariat is located in Bonn.
The main expectation from COP29 is to agree on a fair and ambitious New Collective Quantitative Goal (NCQG) on climate finance. The COP29 chairmanship has launched 14 initiatives that include linkages between climate action and the Sustainable Development Goals, including green energy corridors, green energy storage, harmony for climate resilience, clean hydrogen, methane reduction in organic waste, action on green digital technologies, and other topics.
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