BAKU, Azerbaijan, October 2. Azerbaijan, under
the leadership of President Ilham Aliyev, hosted one of the most
successful COPs—COP29 last November, strengthening bridges between
the Global South and the Global North for achieving common goals
and ensuring that the voices of developing countries, in
particular, were heard, Parliament Speaker Sahiba Gafarova said,
Trend reports.
She made the remark during her speech on “Strengthening Disaster
Resilience and Response” at the 11th Summit of the Speakers of
Parliaments of the Group of Twenty (G20) countries (P20), held in
Cape Town, South Africa.
Gafarova also briefed on the important outcomes of COP29,
officially called the “Baku Climate Solidarity Pact” by the UN,
which includes important issues such as the adoption of the New
Collective Quantitative Target (known as the Baku Financial
Target), the full operationalization of the sixth article of the
Paris Agreement on International Carbon Markets, the adoption of a
decision ensuring the full operation of the Loss and Damage Fund,
the establishment of the Baku Adaptation Roadmap, and the Baku
High-Level Dialogue on Adaptation.
Additionally, Gafarova also brought to attention that the
Azerbaijani parliament, in collaboration with the
Inter-Parliamentary Union, convened a parliamentary assembly
focused on synergizing legislative initiatives to combat climate
change in alignment with the objectives of COP29.
To note, in 2024, the United Nations Climate Change Conference
was convened in Baku, Azerbaijan, from November 11 to 22, known as
COP29. The conference’s objectives were to improve climate action,
establish a new objective for climate finance to assist developing
countries, decrease greenhouse gas emissions, and assist
communities in adapting to the effects of climate change. The
agreement for developed countries to provide a minimum of $300
billion annually to developing nations by 2035 to support climate
action was a significant result.
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