BAKU, Azerbaijan, November 16. The next round of nationally determined contributions to be held early next year is the last and most promising chance to achieve climate goals, the Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) Simon Stiell said at the COP29 Parliamentary Meeting organized jointly by the Inter-Parliamentary Union (IPU) and Azerbaijani Parliament, Trend reports.
“These contributions are a significant opportunity that countries cannot miss. With the right preparation, they can be a powerful tool to advance economies and societies, providing sustainability, new opportunities, and improved quality of life supported by affordable and safe clean energy,” Stiell said.
He emphasized that the right technologies are already available.
“Renewable energy is not only the sustainable choice but also the economically most profitable with high returns,” Stiell noted.
To note, the Parliamentary Meeting started its work in Baku within COP29 under the joint organization of the Inter-Parliamentary Union and Azerbaijani Parliament. Sevil Mikayilova, the Vice President of the IPU from Azerbaijan and a member of the Azerbaijani parliament, is taking part in the event.
The two-day event will bring together 92 delegations from 66 countries and international organizations, up to 330 participants, 167 Members of Parliament led by 12 Speakers and Deputy Speakers.
Sessions at the Parliamentary Meeting will discuss the real impacts of climate change, the parliaments' role in making climate commitments a reality and raising mitigation ambition and implementing nationally determined contributions, unpacking the global climate finance architecture and mobilizing resources and streamlining access to climate finance, enhancing resilience in the face of climate change and scaling up adaptation and strengthening local empowerment. The final document will be adopted.
The event will also include several bilateral meetings.
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