COP29 chief: Azerbaijan to join new COP-related project

Azerbaijan will participate in a new COP-related project, COP29 President Mukhtar Babayev has announced.

Babayev noted that, according to the decision adopted at COP30, the Azerbaijani COP29 team has also been involved in the process for the new project, Caliber.Az reports per local media.

“The ‘Troyka’ mechanism will be applied once again. This is called the ‘Belem 1.5 Mission’. Within this mission, the teams of Azerbaijan, Brazil and Türkiye-Australia will work together and present the results to Türkiye at COP31,” he emphasised.

The COP29 President recalled that Azerbaijan concluded its COP29 mission in Belem and handed it over to Brazil.

“Brazil continued climate-related efforts at COP30. Of course, based on the highly successful outcomes of the forum held in Baku, the Brazilian side also prepared a broad action plan to build on those achievements and adopted decisions in various areas. In particular, the Baku COP was a complicated and challenging topic in terms of financial issues. The decisions adopted in Baku created conditions for more consistent and implementation-oriented processes at subsequent COPs,” Babayev said.

He noted that after all necessary preparations and procedural matters were agreed upon, COP30 in Brazil became more widely known as an ‘implementation COP’, where the establishment of implementation mechanisms is one of the key priorities.

Mukhtar Babayev also stated that COP29 is one of the most successful COPs in terms of substantive issues, technical preparation and organisational aspects.

He stressed that Türkiye, which will host COP31 next year, has received extensive advisory support from Azerbaijan’s COP29 team: “We are working to ensure that the success achieved in Baku continues at the next stage – in Antalya next year. We are ready to provide active support to the Turkish team.”

In November 2024, Azerbaijan hosted COP29 in Baku, a milestone gathering on the global climate agenda that brought together more than 72,000 participants from nearly 200 countries.

Under Azerbaijan’s presidency, negotiations centred on two core objectives: defining a New Collective Quantified Goal for climate finance and completing the rulebook for carbon markets under Article 6 of the Paris Agreement.

The summit closed with a landmark outcome as developed countries committed to mobilising at least $300 billion annually by 2035 to support developing nations — a threefold increase over the previous $100 billion goal.

Delegates also achieved long-awaited progress on the Paris Agreement’s implementation by securing a decade-long consensus on carbon market mechanisms, injecting fresh momentum into global emissions trading efforts.

By Jeyhun Aghazada