(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 25. Azerbaijan has
showcased its increasing global significance by effectively hosting
the 29th session of the conference of the Parties to the UN
Framework convention on Climate Change (COP29), the political
analyst Azer Garayev said in an interview with Trend .
"Climate change is one of the most serious global challenges of
the 21st century, affecting not only ecosystems but also the world
economy, social justice, and international security. He stressed
that combating climate change requires not only scientific research
but also strong political will and international cooperation.
COP29 served as a platform for making crucial decisions.
Azerbaijan's role in hosting the event in Baku underscored its
position in the fight against climate change and showcased the
country as a reliable and modern global partner. The event was not
only a space for making essential decisions for the future of the
planet but also a platform where Azerbaijan delivered its message
to the world," he said.
The political analyst pointed out that one of the major
takeaways from COP29 was the substantial uptick in global financial
backing for tackling climate change.
"World leaders at the summit approved an annual allocation of
$300 billion to support developing countries, a substantial rise
from the previous $100 billion.
This funding will be used to assist countries vulnerable to
climate change, support the transition to renewable energy, and
prevent natural disasters.
The fund will primarily target regions like Africa, Southeast
Asia, and Latin America. The financing will also provide small
island nations with access to technological and infrastructural
solutions to combat climate change. Additionally, the funding will
support the development of green technologies and innovative
solutions for reducing carbon emissions," he added.
Garayev also shed light on a few other pivotal calls made during
the COP29.
"Article 6 of the Paris Agreement was fully approved at COP29,
alongside the historic establishment of a comprehensive fund to
address losses and damages in developing countries, including small
island nations, least-developed countries, and African states. A
key decision was also made in line with Article 13 of the Paris
Agreement to create biennial transparency reports and provide
financial and technical support for capacity-building in developing
nations. In addition, several significant documents were adopted,
such as the 'Gender Equality and the Fight against Climate Change,'
the 'Global Adaptation Goal,' and the 'Sharm El-Sheikh Mitigation
Ambitions and Implementation Work Program,'” the political analyst
said.
Garayev illuminated that COP29 was not merely a mirror
reflecting Azerbaijan's vibrant commitment to tackling the tempest
of global environmental challenges but also a stage where its
remarkable orchestration of events danced gracefully in the
spotlight.
"The successful conclusion of the event has enhanced
Azerbaijan's international standing, further proving that the
country is an essential host for such important global gatherings.
The high level of organization, participation of more than 70,000
guests, and the critical decisions made during and leading up to
COP29 contradict the smear campaigns by certain Western media and
political groups that sought to undermine Azerbaijan's image.
Baku has solidified its reputation as an ideal hub for
international events, with the country's proven organizational
expertise further cementing this position. The successful hosting
of COP29 reaffirmed that Azerbaijan is the right choice for such
high-profile gatherings. Beyond its geographical advantages and
cultural heritage, Azerbaijan has demonstrated a strong commitment
to actively addressing global challenges. Despite attempts to
tarnish its image through slanderous campaigns, the event showcased
the growing strength of Azerbaijan's global standing.
COP29 further elevated Azerbaijan's international profile,
highlighting Baku's crucial role not only in combating climate
change but also in fostering global cooperation. By successfully
hosting the event, Baku sent a powerful message to the
international community: Azerbaijan is a mighty and
forward-thinking partner in tackling the world's most pressing
issues," Garayev concluded.
To note, the 29th session of the Conference of the Parties to
the UN Framework Convention on Climate Change (COP29) occurred from
November 11 through November 23 in Baku, the capital of Azerbaijan.
It encompassed connections between climate action and the
Sustainable Development Goals, such as green energy corridors,
green energy storage, climate resilience, clean hydrogen, methane
reduction in organic waste, initiatives on green digital
technologies, and more subjects.
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