BAKU, Azerbaijan, November 21. The Baku Declaration on water resources management will be adopted today, Head of the Water Mandate of the UN Global Compact Director-General Jason Morisson told reporters, Trend reports
“Talking about climate change mitigation, we are not moving fast enough, our ambitions remain insufficiently high, and the results are still not on track. At the same time, we are increasingly aware of the importance of climate change adaptation and the need to build resilience.
At this conference and the next, water and adaptation to climate change will become key topics of discussion, accompanied by a global adaptation agenda. I hope we will continue to build on the Baku Declaration that will be issued today and strengthen this momentum towards the next conference in Brazil next year,” he said.
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 Presidency 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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