Azerbaijani PM praises climate agreements during COP29 in Baku Despite boycott calls

The agreements reached at the Baku-hosted COP29 climate conference hold exceptional importance for the future of humanity and the global climate agenda, said Azerbaijan’s Prime Minister Ali Asadov. 

Asadov emphasized that this achievement was realized despite a widespread, baseless campaign against Azerbaijan, including calls for boycotting such an important event for the international community, Caliber.Az reports via local media.

Speaking at a meeting of the heads of government of CIS countries in Moscow, Asadov highlighted the significant outcomes of the conference, emphasizing their global implications.

"At COP29, crucial decisions were made, including the allocation of a record $300 billion annually in climate financing for developing countries, alongside the activation of the Loss and Damage Fund," Asadov said.

"These agreements, supported initiatives, and decisions are of unparalleled importance for the future of mankind and the global climate agenda."

He went on to report that COP29 had been attended by 80 heads of state and government, as well as more than 76,000 registered participants.

"As Azerbaijan's presidency demonstrated once again, it was a reflection of strong political will and professionalism, enabling us to host the conference at a high level, achieving significant results and breakthroughs in multilateral negotiations,” Asadov concluded.

To recap, the 29th Conference of the Parties (COP29) to the UN Framework Convention on Climate Change concluded on November 23 in Baku, chaired by Mukhtar Babayev, Azerbaijan’s Minister of Ecology and Natural Resources. Key achievements included finalizing Article 6 of the Paris Agreement, enabling transparent carbon markets projected to save $250 billion annually for reinvestment in climate actions.

The Loss and Damage Fund was operationalized, with over $730 million pledged to support vulnerable nations, and project financing set to begin in 2025.

A new climate finance target of $300 billion annually by 2035 was established, alongside the launch of the Baku Global Climate Transparency Platform to assist developing countries. Additional resolutions addressed gender, adaptation, and mitigation goals.

Babayev praised Azerbaijan’s efforts in hosting the event, while UNFCCC Executive Secretary Simon Stiell highlighted the conference’s landmark achievements, urging sustained global collaboration ahead of COP30 in Brazil.

By Aghakazim Guliyev