COP29 To Discuss Prospects For Implementing Int'l Extended Producer Responsibility Strategy
Date
6/28/2024 5:21:11 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, June 28. The problems and
prospects for implementing the international Extended Producer
Responsibility (EPR) strategy will be discussed during COP29 in
Baku in November, the Director of Public Affairs in the Eurasia
region of Coca-Cola Company Elshad Farzaliyev said during the forum
"Green World Solidarity: Waste to Value for a Sustainable Future,"
Trend reports.
He mentioned that this strategy refers to adding all
environmental costs associated with the production of a product
throughout its life cycle to the market price of that product.
According to him, the strategy is applied in the field of waste
management and leads to the fact that manufacturers take into
account high environmental standards already at the stage of
product design.
"Companies in Azerbaijan attach great importance to the
implementation of this strategy. The activity in this regard will
increase as Azerbaijan has made and will make new environmental
commitments by creating a green economy," Farzaliyev
emphasized.
To note, the 29th session of the Conference of the Parties to
the UN Framework Convention on Climate Change (COP29) will be held
in Azerbaijan this November. The decision was made at the plenary
meeting of COP28 held in Dubai on December 11 last year. Within two
weeks, Baku, having become the center of the world, will host about
70,000–80,000 foreign guests.
The UN Framework Convention on Climate Change is an agreement
signed at the Earth Summit in Rio de Janeiro in June 1992 to
prevent dangerous human interference in the climate system. The
acronym COP (Conference of Parties) stands for Conference of
Parties, which 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
the parties have decided otherwise, 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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