Climate finance - most challenging aspect of Paris Agreement Greenpeace International says

Greenpeace International organisation has held a press conference focused on expectations for the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) launched in Azerbaijan's capital Baku on November 11, particularly amid the US presidential election. 

The event participants called for the fulfillment of commitments under the Paris Agreement, Caliber.Az reports via local media.

"Climate finance is the most challenging aspect of the Paris Agreement, and at COP29, these commitments must be honored," Executive Director of Greenpeace Southeast Asia Yeb Saño.

He emphasised that experts estimate the required level of climate finance has already reached $5 trillion per year. 

Greenpeace’s representative in China, Yuan Yin, stated that China remains committed to fulfilling its climate obligations and is ready to collaborate with the global community to achieve shared goals. 

“We have no other way to meet our climate targets except through cooperation with the entire world community,” she emphasised. 

Executive Director of Greenpeace Brazil Carolina Pasquali highlighted that her country is actively working towards advancing climate initiatives.

The 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) officially started in Azerbaijan on November 11.

The decision to host COP29 in Azerbaijan, a country with extensive experience in organizing international events, was made during the plenary session of COP28 in Dubai on December 11, 2023.

The conference will run from November 11 to November 22, with Baku, Azerbaijan's capital, welcoming approximately 70,000 international guests.

The opening day of COP29 will be November 11, with the High-Level Segment of the Climate Action Summit taking place on November 12-13. During this segment, around 80 heads of state and government from countries party to the United Nations Framework Convention on Climate Change (UNFCCC) will deliver speeches. The addresses by world leaders will continue on November 13.

It is important to note that the Conference of the Parties (COP) to the UNFCCC has been held annually since 1995. The primary purpose of the event is to assess global progress in the fight against climate change. Since the mid-1990s, the conference has addressed key agreements such as the Kyoto Protocol, which established binding commitments for developed countries to limit greenhouse gas emissions. From 2011 to 2015, the conference also focused on the Paris Agreement, a pivotal international accord adopted in 2015 in France to combat climate change. To date, 195 countries, including Azerbaijan, have signed the Paris Agreement.

By Naila Huseynova