China's Wuhan To Host Ministerial Meeting On COP29 By Week's End - Chief Executive Officer
Date
7/22/2024 9:19:12 AM
(MENAFN- Trend News Agency)
SHUSHA, Azerbaijan, July 22. China's Wuhan will
host a ministerial meeting on COP29 by the end of the week, which
will follow the 8th Ministerial Meeting on Climate Action (MoCA)
initiated by China, the EU, and Canada, Chief Executive Officer of
COP29, Elnur Soltanov, said at a panel discussion on "Solidarity
for a Green World - COP29" in Shusha, Trend reports.
According to him, the ministerial meeting on COP29 in Wuhan will
be followed by a meeting of experts in Shamakhi at the end of the
month.
“This is a very important event. It will start in China and
continue at the expert level already in Shamakhi. Then, an
international meeting on COP29 is planned for September, followed
by a meeting of the preparatory committee for the 29th session of
the Conference of the Parties to the UN Framework Convention on
Climate Change,” Soltanov said.
He noted that all negotiations within COP29 are going
successfully, and Azerbaijan expects to keep this accelerated
pace.
Chief Executive Officer of COP29 recalled that during the
climate summit in Baku on November 11–22, the following will be
discussed: climate finance and its new models, the Paris Climate
Agreement Article 6, the work of the current loss and damage fund,
and several transition programs (from fossil fuels to
low-carbon).
“We must target zero emissions by 2050 to limit global warming
to 1.5 degrees. Nowadays, the world consumes 97 million barrels of
oil per day, but this is planned to be reduced to 25–30 million
barrels per day by 2050. Gas consumption is planned to be reduced
from the current 4 trillion cubic meters per year to 1 trillion
cubic meters per year by 2050, and coal consumption from 8 billion
tons per year to 1 billion tons per year. This will make it
possible to achieve NetZero,” Soltanov added.
To note, the oil, gas, and coal production and export sectors
produce the largest emissions into the atmosphere, which provoke
global warming and climate cataclysms.
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