COP29 chief negotiator discusses climate finance with US business community in Washington

COP29 Chief Negotiator Yalchin Rafiyev has held a meeting with representatives of the business community in Washington to discuss private sector opportunities at the upcoming COP29, according to a post on COP29’s official page on X.

“COP29 Lead Negotiator Yalchin Rafiyev met with business community in Washington DC to discuss opportunities for private sector at COP29. The roundtable hosted by the US Chamber of Commerce focused on the role of private sector to scale up climate finance, active participation of business community in realization of COP29 Action Agenda and importance of continued engagement,” Caliber.Az reports, citing the post.

Notably, the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) is scheduled to take place in Azerbaijan from November 11 to 22. This venue was selected during the COP28 plenary session held in Dubai on December 11, 2023. The event is anticipated to attract around 70,000 to 80,000 international participants over its two-week duration.

The UN Framework Convention on Climate Change (UNFCCC), which was signed at the Earth Summit in Rio de Janeiro in June 1992, aims to avert significant human interference with the climate system.

The COP, or "Conference of the Parties," serves as the primary decision-making body responsible for overseeing the UNFCCC's implementation, which includes 198 member states. Generally, the COP convenes annually unless otherwise decided; the inaugural COP took place in Berlin in March 1995, with its secretariat located in Bonn.

By Khagan Isayev