BAKU, Azerbaijan, November 16. We have a clear and well-thought-out plan for the New Collective Quantitative Goal (NCQG) next week to guide the process on all key mandates, COP29 Deputy Lead Negotiator Samir Bejanov said during a press conference on the sidelines of COP29, Trend reports.
“The negotiations are uneven, and this is the normal pace of work. This is the way it usually happens. As I have already stated, as chairmanship, we are striving to achieve a fair and ambitious outcome. We have a clear and thoughtful plan for next week to guide the process across all key mandates. And I take this opportunity to emphasize again that this will be a collective achievement.
We, as chairmen, will do our part. We have been doing it all year long, all month long, creating opportunities and spaces for the parties to engage. However, the parties need to be flexible and constructive. They need to work together in an attitude that we can steer the process towards a successful outcome. I do not doubt that,” he noted.
To note, the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29), which will run until November 22, opened at the Baku Olympic Stadium on November 11. It is the largest event organized by Azerbaijan to date, and the first time in the region that it is being held in Azerbaijan.
Within COP29, the highest level event - the summit of world leaders on climate action – was held 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. 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.
In addition to being a top priority that creates the conditions for action, creating climate finance will also help fulfill the 1.5°C pledge 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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