Finance Stands Among Issues Facing COP29 - UK MP

(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 15. Finance stands among the issues facing COP29 (the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change, to be held in Azerbaijan), UK MP Alok Sharma said, Trend reports.

He made the remark at the panel session themed "From Good Words to Good Deeds: What Goals Can be Set for COP29" within the XI Global Baku Forum.

"Countries are making commitments in this direction, but the impact of climate change on us is increasing. In fact, countries must unite and act. We have the technology, but we lack the funds.

We must involve the private sector in this process. Finance is one of the issues facing COP29. Each COP is a certain fundament,” he added.

To note, the XI Global Baku Forum is attended by representatives of many countries and prestigious international organizations: more than 350 guests from more than 70 countries.

The forum, which will last until March 16, will host global discussions on the outcomes of COP28 and preparations for COP29, will consider the factors that pose threats to the new world order, as well as security issues and prospects for peace, building resilience in a fractured world, its impact on the global world, discuss ways to address the challenges facing humanity, and will touch on conflicts and mega-threats shaking the world, including climate, food, and nuclear security. At the same time, there will be discussions on the role of military and economic alliances in global governance, regional perspectives, the European Union and its relations with its neighbors, youth policy, ways to build resilience to global challenges, inequality, natural resource scarcity and migration issues, artificial intelligence, and new security paradigms in the age of drones and cyberweapons.

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