BAKU, Azerbaijan, November 18. Japan supports the Baku Platform for Global Climate Transparency, the country's Environment Minister Keiichiro Asao said during the COP29 ministerial roundtable on global climate transparency today, Trend reports.
"The world may undergo many changes, which is why parties must ensure transparency and demonstrate their efforts. By the end of this year, parties are required to submit their biennial transparency reports (BTR), which describe their greenhouse gas (GHG) inventories, progress on mitigation and adaptation, as well as the status of financing and support.
This, along with specific Nationally Determined Contributions (NDCs) and the global stocktake, will ensure the implementation of the three key components of the Paris Agreement.
The BTR process doesn't end with the submission of the report. Through subsequent technical reviews and facilitative dialogues, all parties can learn from each other and improve their climate policies. It may be difficult to prepare a perfect BTR from the outset, but it is important to submit it as early as possible and improve its quality every two years to enhance transparency.
Recognizing the importance of increasing transparency, Japan supports the Baku Platform for Global BTR in Azerbaijan," he added.
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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