Moldovan media: Azerbaijan achieves breakthrough in environmental diplomacy at COP29

The 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29) held in Azerbaijan’s capital Baku remains a key topic in global media, continuing to dominate discussions.

An article titled "At COP29, Azerbaijan Made a Breakthrough in Environmental Diplomacy" published in the Russian and Romanian languages on the Moldovan Noi.md website, covers the organisation of the prestigious international conference and the discussed strategic topics, Caliber.Az reports via local media.

The article highlights that the outcome of the complex negotiations, even held during nighttime hours, was the agreement known as the "Breakthrough in Baku".

Under this agreement, developing countries will receive at least $300 billion annually for climate financing until 2035. UN Secretary-General António Guterres praised the professionalism of the event organisers and emphasised the crucial contribution of volunteers to its success.

In his final statement, he highlighted that the agreement reached at COP29 laid the foundation for future actions in the fight against climate change. He noted that COP29 was an important step forward. Today, it is essential for everybody to turn the agreements into success.

The focus is primarily on the agreement regarding the Baku Financial Goal — a new commitment for climate financing to developing countries amounting to $1.3 trillion per year.

By 2035, developed economies will allocate at least $300 billion annually to countries most vulnerable to the global impacts of climate change and environmental damage. According to the article, Azerbaijani President Ilham Aliyev called the agreement reached at COP29 a historic milestone. 

It also highlights that Azerbaijan is showing solidarity with the peoples and regions suffering from environmental issues, which have been further exacerbated by colonialism.

The article also includes statements from heads of state of foreign countries regarding COP29 and its outcomes. 

The final plenary session of the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) took place in Baku on November 23. 

Mukhtar Babayev, COP29 President and Azerbaijan’s Minister of Ecology and Natural Resources, noted the intense efforts over the past two weeks.

He emphasised that no one wanted to leave Baku without achieving substantial progress on key issues and called for focused work to resolve remaining disagreements. 

Babayev highlighted that global attention was on COP29. During COP29, Baku welcomed between 70,000 and 80,000 international visitors, including leaders from governments, businesses, and civil society, all collaborating to develop practical solutions to address the unprecedented global temperatures and extreme weather events impacting people around the world.

The COP29 Presidency of Azerbaijan has announced the agreement of the Baku Finance Goal (BFG), a new commitment to channel $1.3 trillion of climate finance to the developing world each year.

Success on the COP29 Presidency’s top priority for the UN Climate Summit represents a significant uplift from the previous climate finance goal of $100 billion and will unlock a new wave of global investment, a press release on the COP29 website says. 

The core of the new goal is the commitment of developed countries to allocate at least $300 billion annually for climate projects in developing nations. This figure is three times higher than the previous target of $100 billion set earlier.

By Naila Huseynova