(MENAFN- Trend News Agency) TBILISI, Georgia, May 4. COP29, to be held inAzerbaijan in November this year, is expected to bring lots ofopportunities for good cooperation, ADB Executive Director forAustralia, Azerbaijan, Cambodia, Cambodia, China, Georgia, HongKong, Kiribati, Federated States of Micronesia, Nauru, Palau,Solomon Islands, and Tuvalu Rachel Thompson told reporters on thesidelines of the ADB annual meetings in Tbilisi, Trend reports.
“In this part of the world, I represent Georgia and Azerbaijan,and they have been part of our constituency group since they joinedADB. I represent Azerbaijan as a shareholder of ADB. I think COP29is one of the first occasions in many years where the UNFCCC COP isreturning to an ADB developing member country, so it is as theclimate bank for Asia and the Pacific,” Thompson said.
She believes that it is a very important meeting, and thegovernment of Azerbaijan has clearly identified climate finance asa really important priority that is a cause that ADB is also verycommitted to.
“So I think there are going to be lots of opportunities for goodcooperation, and certainly we at ADB are very much looking forwardto cooperating with the government of Azerbaijan to ensure thatCOP29 is a success,” she concluded.
This November, Azerbaijan will host COP29. This decision wasmade at the COP28 plenary meeting held in Dubai on December 11 lastyear. Baku will become the center of the world and will receiveabout 70,000–80,000 foreign guests.
The United Nations Framework Convention on Climate Change is anagreement signed at the Earth Summit in Rio de Janeiro in June 1992to prevent dangerous human interference with the climate system Conference of the Parties-is the highest legislative bodyoverseeing the implementation of the Framework Convention onClimate Change. There are 198 countries that are parties to theConvention. Unless the parties agree otherwise, the COP is heldannually. The first COP event took place in March 1995 in Berlin,and its secretariat is located in Bonn.
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