Preparations for COP29 in Baku almost complete

On Thursday (17 October), Azerbaijani President Ilham Aliyev visited the Baku Olympic Stadium, the main venue for the upcoming COP 29 conference, and announced that preparations are almost complete and on track to be handed over to the UN Framework Convention on Climate Change (UNFCCC).

Azerbaijan was selected to host COP29 after key negotiations with Armenia and support from other Eastern European countries. 80,000 guests, including senior government officials, will arrive in Baku for the major conference. The strategy of the COP29 Presidency is based on two main ideas: raising ambition and enabling action. The former refers to enhancing innovation and the latter to climate finance. 

Azerbaijan has launched a $1 billion Climate Finance Action Fund (CFAF) to advance these goals. This fund will be financed by contributions from fossil fuel-producing countries and companies. Half of the fund will be used for climate projects in vulnerable countries, focusing on clean energy and building climate resilience.

Source: commonspace.eu with Caspiannews and other agencies 

Related articles

Editor's choice
News
Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell underlined that the European Union will make every effort to support the peace process and to remain a committed partner to the Afghan people. "Of course, we will have to take into account the evolving situation, but disengagement is not an option.  We are clear on that: there is no alternative to a negotiated political settlement, through inclusive peace talks.
Editor's choice
News
Dozens participate in new Armenia-Azerbaijan dialogue process as societies prepare for the signing of historic peace agreement

Dozens participate in new Armenia-Azerbaijan dialogue process as societies prepare for the signing of historic peace agreement

The governments of Armenia and Azerbaijan have recently agreed the text of a historic peace agreement that ends years of animosity and warfare. The agreement is expected to be signed soon. LINKS Europe, which has a long history of engagement with the process of peace in the region, recently launched a new Armenia-Azerbaijan dialogue format in the framework of the European Union's EU4Peace initiative. In the last two weeks dozens of Armenians and Azerbaijanis, including academics, students, civil society activists, journalists and other professionals, many of them young, were involved. The work is organised in five thematic groups focusing on peace and security, connectivity, environment, governance and gender and equality and in phase 2 of the project, which has just ended, around fifty participants took part in in-person and online meetings, and more than twenty others were involved indirectly. The Chairpersons of the five thematic groups met in Vilnius, 3-6 July to launch the third phase of the program. The five thematic groups are now working on separate reports, which are expected to be finished in November and presented to the two governments and other stakeholders. The reports will outline a vision, up to 2040.

Popular

Editor's choice
News
Dozens participate in new Armenia-Azerbaijan dialogue process as societies prepare for the signing of historic peace agreement

Dozens participate in new Armenia-Azerbaijan dialogue process as societies prepare for the signing of historic peace agreement

The governments of Armenia and Azerbaijan have recently agreed the text of a historic peace agreement that ends years of animosity and warfare. The agreement is expected to be signed soon. LINKS Europe, which has a long history of engagement with the process of peace in the region, recently launched a new Armenia-Azerbaijan dialogue format in the framework of the European Union's EU4Peace initiative. In the last two weeks dozens of Armenians and Azerbaijanis, including academics, students, civil society activists, journalists and other professionals, many of them young, were involved. The work is organised in five thematic groups focusing on peace and security, connectivity, environment, governance and gender and equality and in phase 2 of the project, which has just ended, around fifty participants took part in in-person and online meetings, and more than twenty others were involved indirectly. The Chairpersons of the five thematic groups met in Vilnius, 3-6 July to launch the third phase of the program. The five thematic groups are now working on separate reports, which are expected to be finished in November and presented to the two governments and other stakeholders. The reports will outline a vision, up to 2040.