(MENAFN- Trend News Agency)
BAKU, Azerbaijan, October 15. In preparation
for COP29, which will be held later this year in Baku, Azerbaijan,
the gas Exporting Countries Forum (GECF) conducted a high-level
virtual meeting, Trend reports via GECF.
The meeting provided a platform for GECF Member Countries to
align on key climate issues and outline their participation
strategy for the upcoming UN Climate Change Conference.
Opening the session, Mohamed Hamel, Secretary General of the
GECF, highlighted the crucial role of Natural gas in meeting global
energy demands while advancing climate goals. He emphasized natural
gas as a clean, flexible, and reliable energy source, essential for
both energy security and sustainable development. He also commended
Azerbaijan's leadership in promoting smart, sustainable energy
transitions by integrating natural gas with renewable energy
sources.
Key Discussion Topics:
Mitigation, Adaptation, and Loss & Damage: Participants reviewed
the latest developments in climate action, focusing on strategies
for mitigation, adaptation efforts, and addressing loss and
damage.
Climate Finance – New Collective Quantified Goal (NCQG): Climate
finance remained a central topic, with discussions on the evolving
NCQG, a key priority at COP29, and the need for new financial
commitments to support global climate initiatives.
Paris Agreement Article 6: The forum examined Article 6,
exploring opportunities for cooperative approaches between
countries, carbon markets, and non-market mechanisms.
Technology Mechanism: Delegates addressed the Technology
Mechanism's role, emphasizing the alignment of its work with
climate finance commitments and ensuring impactful outcomes.
Trade & Cross Border Adjustment Mechanism (CBAM): The meeting
also discussed the potential implications of CBAM on non-EU
producers, addressing concerns of trade discrimination and
exploring strategies for fair treatment of GECF member
countries.
The session concluded with a discussion on the GECF's plans for
active participation at COP29, including ministerial meetings, side
events, and a dedicated pavilion. The GECF reaffirmed its
commitment to sustainable energy solutions that balance development
needs with climate action.
This meeting set the stage for the GECF to play a proactive role
in advancing discussions on global energy and climate issues at
COP29.
This November, Azerbaijan will host COP29. This decision was
made at the COP28 plenary meeting held in Dubai on December 11 last
year. Baku will become the center of the world and will receive
about 70–80,000 foreign guests.
The United Nations 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 with the climate system.
COP-the Conference of the Parties-is the highest legislative body
overseeing the implementation of the Framework Convention on
Climate Change. There are 198 countries that are parties to the
Convention. Unless the parties agree otherwise, the COP is held
annually. The first COP event took place in March 1995 in Germany's
Berlin with its secretariat in Bonn.
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