The 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) officially began in Baku, Azerbaijan, this Monday. Leaders from around the globe have convened to set a new climate change funding goal, aiming to replace the current target of mobilizing $100 billion annually from developed nations to support developing countries.
In addition to funding, COP29 will address critical issues such as the global carbon trading market and the transition away from fossil fuels towards sustainable energy sources. These discussions are pivotal in shaping the future of global climate policies and economic strategies.
\"COP29 is a moment of truth for the Paris Agreement, the unmissable moment to chart a new path forward for everyone,\" stated Mukhtar Babayev, the COP29 president-designate and Azerbaijan's minister for ecology and natural resources. \"It will test our commitment to the multilateral climate system. We must now demonstrate that we are prepared to meet the goals we have set ourselves.\"
As delegates engage in intense negotiations, the outcomes of COP29 are expected to have significant implications for international climate action and the global effort to combat climate change.
Reference(s):
cgtn.com
