(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 20. It is a great
honor for me to express gratitude to Azerbaijan for humanitarian
aid provided to Ukraine in this difficult time, the Minister of
Environment and Natural Resources of Ukraine Svitlana Grynchuk said
as she delivered her national statement at the COP29 summit,
Trend reports.
The minister also emphasized that Ukraine continues to work on
its nationally determined contribution to the Paris Agreement and
plans to submit it on time next year. Ukraine will also present its
investment plan, which will include measures for the country's
green recovery.
“The greenhouse gas absorption potential of Ukrainian forests
has decreased by 1.7 million tons of CO2. Nature knows no
boundaries, and this will affect neighboring countries and the
global food chain,” Svitlana Hrynchuk added.
According to her, Ukraine has planned to plant more than 100
million trees within three years as part of the program on greening
and reforestation. At the moment, 17 bog ecosystems are under
threat; their unique biological diversity is protected by the
Ramsar Convention.
“Ukraine is committed to the global climate agenda and has
already committed to achieving zero emissions by 2050. This will
require significant efforts from both the private sector and the
government,” she said.
To note, the 29th session of the Conference of the Parties to
the UN Framework Convention on Climate Change (COP29), which will
run until November 22, opened at the Baku Olympic Stadium on
November 11. It is the largest event organized by Azerbaijan to
date, and the first time in the region that it is being held in
Azerbaijan.
Within COP29, the highest-level event - the summit of world
leaders on climate action - was held on November 12–13.
The main expectation from COP29 is to agree on a fair and
ambitious New Collective Quantitative Goal (NCQG) on climate
finance. The COP29 Presidency has launched 14 initiatives that
include linkages between climate action and the Sustainable
Development Goals, including green energy corridors, green energy
storage, harmony for climate resilience, clean hydrogen, methane
reduction in organic waste, action on green digital technologies,
and other topics.
In addition to being a top priority that creates the conditions
for action, creating climate finance will also help fulfill the
1.5°C pledge by bringing everyone together.
The UN Framework Convention on Climate Change is an agreement
signed at the Rio Earth Summit in June 1992 to prevent dangerous
human interference in the climate system. The acronym COP
(Conference of Parties) stands for“Conference of Parties” and 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
otherwise decided by the parties, 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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