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German official: Azerbaijan can prepare basis for COP30 in Brazil

29 January 2024 20:39

Azerbaijan can prepare basis for COP30 in Brazil.

State Secretary and Special Envoy for International Climate Action at Germany’s Federal Foreign Office Jennifer Morgan has said that the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29) in Azerbaijan will be the venue to discuss and create mechanisms and ways to implement most of the decisions taken at the previous climate conference in Dubai, COP28, Report informs.

Morgan made these remarks at a meeting with a group of journalists in Baku.

She noted that for example, the creation of a financing mechanism and Nationally Determined Contributions (NDCs) to the common cause are the key ones.

“It is necessary to know how the countries define the NDC, making it a full economic plan for the future, the further characteristics and plans for 2025. All these issues will be on the agenda this year,” she said, adding that important discussions about the plans on 1.5C threshold will be made.

Regarding the financial mechanisms, Morgan noted the importance of economic transformation around the world. Besides the countries, the COP presidency must include international financial organisations in dialogue to jointly move in the right direction.

“To achieve the transformation of economic systems, we should transform the financial system from investments into fossil fuels and unsustainable land use towards renewable energy, energy efficiency, better use of land, decarbonisation of industry,” she noted, adding that the key to this is the New Collective Quantified Goal for climate finance.

“I think that this trajectory towards 1.5C threshold is good. Azerbaijan can work with the UAE to expand the progress made at COP28 and prepare the basis for COP30 in Brazil to set targets for each country's nationally determined contribution level,” Morgan added.

Moreover, she said that Germany is interested in cooperation in water resources management with Azerbaijan.

She noted that the problems with water management are common to both countries. Heavy rains or drought in summer have consequences for both Azerbaijan and Germany.

“Germany is ready to share knowledge and experience with such countries as Azerbaijan and jointly try to find solutions, for example, in water resource management and energy,” Morgan said.

Germany knows how to achieve its goals, namely, the policy that should be introduced, an increase in the workforce in new industries, and assistance in moving the workforce from one sphere into another by phasing out fossil fuels.

“We are working on phasing out coal in Germany, so facilitating the transition is a sphere in which we could share experience,” she said.

Meanwhile, she noted that the development of renewable energy in countries with big resources in this sphere, such as Argentina, the US, Azerbaijan, etc., is economically beneficial for the future.

“This can bring new economic opportunities, new jobs and prosperity to the countries,” she said.

Morgan said that there is still a net-zero emissions target. Europe is currently moving forward with the European Green Deal (a plan to achieve zero net greenhouse gas emissions and zero net pollution by passing from fossil to renewable energy sources).

Caliber.Az
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