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
The Gap between East and West Germany

The Gap between East and West Germany

There is still a wide gap between East and West Germany, writes Marcel Furstenau on the website of the German broadcaster, Deutsche Welle. There is still a wide gap, even amongst young people who have only ever lived in a unified country. The new commissioner for eastern Germany, Elisabeth Kaiser, attempts to explain why. Elisabeth Kaiser is from Gera, in the eastern state of Thuringia. When the federal commissioner for eastern Germany was born in 1987, Germany was still divided. Two years later, the  Berlin Wall fell, and on October 3, 1990, the communist GDR  became history. "I did not consciously experience the period of reunification, but the stories of my parents and grandparents have shaped me," Kaiser wrote in an annual report presented in Berlin just in time for the 35th anniversary of German Unity Day. For the 38-year-old member of the centre-left Social Democratic Party (SPD) this is a first, as she has only been in office since May 2025, when the new federal government was formed.

Popular

Editor's choice
News
The Gap between East and West Germany

The Gap between East and West Germany

There is still a wide gap between East and West Germany, writes Marcel Furstenau on the website of the German broadcaster, Deutsche Welle. There is still a wide gap, even amongst young people who have only ever lived in a unified country. The new commissioner for eastern Germany, Elisabeth Kaiser, attempts to explain why. Elisabeth Kaiser is from Gera, in the eastern state of Thuringia. When the federal commissioner for eastern Germany was born in 1987, Germany was still divided. Two years later, the  Berlin Wall fell, and on October 3, 1990, the communist GDR  became history. "I did not consciously experience the period of reunification, but the stories of my parents and grandparents have shaped me," Kaiser wrote in an annual report presented in Berlin just in time for the 35th anniversary of German Unity Day. For the 38-year-old member of the centre-left Social Democratic Party (SPD) this is a first, as she has only been in office since May 2025, when the new federal government was formed.