Baku: Azerbaijan’s presidency at the COP will achieve good results, said Marcos Athias Neto, UN Assistant Secretary-General, UNDP Assistant Administrator, and Director of Bureau for Policy and Programme Support, posted on X, a social media platform.
“COP29 is the finance top. It’s the COP that has to agree on a new way quantifiable climate finance goal”. Neto noted.
He added that the green transition is going to cost trillions of dollars.
“For this reason, we need a system that determines financial ambitions, which should be agreed in Baku in November. As the UNDP, we would like to support the government of Azerbaijan and the entire international community should help the COP presidency to achieve the goal. This is a very important issue, I am sure that Azerbaijan’s presidency will be able to achieve good results”, Neto added.
COP29 climate will start in Baku, Azerbaijan, in November 2024.
In Solidarity for a Green World, “Being elected by unanimous decision as the host country for COP29 is really a big honour for us. We consider it as a sign of respect from the international community to Azerbaijan and what we are doing, in particular, in the area of green energy”, said Ilham Aliyev
President of the Republic of Azerbaijan to make COP29 a success.
Azerbaijan during the COP29 Presidency will listening to ideas on climate crisis, and engage with a broad range of international stakeholders. “It is working to ensure everyone’s voices are heard and perspectives are considered and included so that we deliver inclusive outcomes based on shared solutions. We are optimistic that together we can make real progress”, said officials.
Also, during COP29 Presidency, Azerbaijan climate action plan includes two pillars. The first pillar — to “enhance ambition” — combines key elements to ensure all parties commit to ambitious national plans and transparency. The second pillar — to “enable action” — reflects the critical role of finance, a key tool to turn ambition into action and reduce emissions, adapt to climate change and address loss and damage.
Regarding Azerbaijan’s Green Energy Transition Initiatives, officials stated “Azerbaijan is committed to developing its renewable energy potential, which is an important part of the country’s plan to reduce greenhouse gas emissions by 40% by 2050.
Additionally, Azerbaijan intends to increase renewable power capacity to 30% by 2030 and diversify its existing energy system to become a leader in green energy. Azerbaijan is committed to leading by example and will update its national targets in its next 1.5-aligned Nationally Determined Contribution.
