(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 21. There is
significant potential for joint action on water-related issues
between now and the next conference in Brazil, Head of the Water
Mandate of the UN Global Compact Director-General Jason Morisson
said at the COP29 high-level roundtable themed "Water for Climate:
Integrating Water Solutions into NDCs and NAPs Biodiversity, Water
and Climate Nexus" today, Trend reports.
“Of course, recognizing the value and need for closer
interaction between COPs (Conferences of Parties), it is important
to keep active between the conferences themselves and to strengthen
ties between partners not only at the national and international
level but also at the river basin level. It is at this level that
many companies recognize the need for action on water management
beyond their role in promoting accelerated climate change
mitigation and adaptation measures.
Water-related risks exacerbated by climate change tend to
manifest themselves in water-stressed regions. Here, the
reliability of the water supply is jeopardized, or floods and
catastrophic events disrupt business continuity. Thus, there is a
huge potential for collective action between now and the next
conference in Brazil,” he noted.
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.
MENAFN21112024000187011040ID1108909573
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.