(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 21. Time has ripened
to find potential compromise solutions , United
Nations Secretary-General António Guterres said at a COP29 media
briefing today, Trend reports.
"I was just listening to the delegations' statements and
realized that they are still holding onto their initial positions
on issues of climate financing and mitigation. Now is the time to
act from those starting points and find potential compromise
solutions," he also said.
Guterres illuminated the horizon, suggesting that the sands of
time have not yet slipped through the hourglass.
"I'm confident that an agreement can be reached, but after that,
it's not so much about the initial position of each party but about
finding a way to compromise because the core goal of this COP is
financing, but at the same time, we must take into account the
concerns of countries regarding various aspects that are important
for their future," he added.
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.
The main expectation from COP29 is to agree on a fair and
ambitious New Collective Quantitative Goal (NCQG) on climate
finance. The COP29 chairmanship 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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