BAKU, Azerbaijan, November 12. The leaders’
summit of the 29th session of the Conference of the Parties to the
UN Framework Convention on Climate Change (COP29) will be held in
Baku today, Trend reports.
The opening ceremony of the leaders’ summit will be broadcast
live.
To note, the 29th session of the Conference of the Parties to
the UN Framework Convention on Climate Change (COP29), which will
last until November 22, opened in Baku today.This event is the largest organized by Azerbaijan to date, and for
the first time, it is held in this region in Azerbaijan.
A top-level event – a summit of world leaders on climate action
– will be held within COP29 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.
In addition to being a top priority that creates the conditions
for action, climate finance will also contribute to the 1.5°C
commitment 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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