(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 12. The
International Forum on Sustainable Development and Climate
Innovation has kicked off in Baku, thanks to the British Chamber of
Commerce in Azerbaijan (BCCA) and a host of supporters, including
the UK Embassy, the Great Challenge Fund, the UN Office in
Azerbaijan, and John Patterson Events Company, the source in BCCA
told Trend .
Key topics of the event include:
The latest business innovations in carbon capture, energy
transfer, Net Zero in construction and residential buildings, green
hydrogen, and digital development. ESG (Environmental, Social and
Governance) in transport and urban transport systems. The Smart
Cities Index.
Speakers include UN Resident Coordinator in Azerbaijan Vladanka
Andreeva, Deputy Chair of Climate Risk and Resilience at Howden
Group Antony Hobley, Head of the BCCA John Patterson, UN Climate
Change High-Level Champion for COP29 Azerbaijan Nigar Arpadarai,
and others.
Andreeva said that the world needs cutting-edge financial tools
to address climate challenges.
"If we don't protect the environment now, we will neither
protect nor build our future. The world currently needs the latest
innovations and financial tools to address pressing climate issues
and achieve the global goal of Net Zero greenhouse gas emissions,"
she noted.
Andreeva drove home the point that cutting emissions in vital
economic sectors like industry, transport, and construction is the
name of the game.
"The UN supports collective efforts and projects aimed at
solving these challenges. Climate change affects everyone, which is
why we need global dialogue and the search for innovative
solutions," she added.
The forum is part of a series of climate dialogues ahead of the
29th session of the Conference of the Parties to the UN Framework
Convention on Climate Change, which will take place in Baku from
November 11 to 22.
Besides, Hobley pointed out that COP29 will open great
opportunities for successful business operations amid the new
climate realities.
He tipped his hat to the COP29 presidency team for their hard
work in getting the ball rolling on negotiations ahead of the
November climate summit in Baku.
"Climate change impacts the overall development of the economy,
investor earnings, and business operations, which is why climate
solutions are of global importance," Hobley noted.
According to him, finance tackles a host of challenges, not the
least of which is the looming specter of climate change, and it's
crucial to pull out all the stops and rally as much market funding
as we can to pave the way for effective climate financing.
"Climate change is increasing risks, including credit risks,
which is why banks are actively involved in all climate
negotiations," he emphasized.
Hobley expressed his satisfaction with the British Chamber of
Commerce in Azerbaijan (BCCA) for organizing events in Baku for the
business community, which is directly involved in implementing COP
decisions.
Will be updated
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