Turkish coverage shines light on COP29's ambitious climate goals VIDEO

Turkish TV channel Haber Global provided broad coverage of the opening ceremony of the 29th Conference of the Parties to the UN Framework Convention on Climate Change (COP29) in Baku.

The TV channel featured a story titled "How will the climate crisis be financed?" highlighting the conference’s efforts to advance the global fight against the crisis caused by climate change, Caliber.Az reports referring to local media.

The report emphasized that COP29 would serve as a significant platform to discuss collective measures aimed at overcoming the economic barriers preventing countries from reaching their climate goals.

"Research shows that for developing countries, excluding China, climate finance must increase annually to $2.4 trillion by 2030, with $1 trillion needed for clean energy investments alone," the channel stated.

Haber Global also covered the speech of UN Secretary-General Antonio Guterres, underscoring his call for a new climate finance target.

"The world must pay its climate finance debt or humanity will pay the price. Climate finance is an investment, not a charity. Climate action is an obligation, not a choice," Guterres emphasized.

COP29 is being held from November 11 to 22 at Baku Olympic Stadium, marking Azerbaijan's largest event to date and the first of its kind to be hosted by the country. In preparation for the summit, a "Host Country Agreement" and other key documents were signed between the Azerbaijani government and the UN Framework Convention on Climate Change (UNFCCC) Secretariat.

A key focus of COP29 is the World Leaders’ Summit on Climate Action, which took place on November 12-13.

One of the major goals for COP29 is to reach a fair and ambitious agreement on the New Collective Quantified Goal (NCQG) related to climate finance, seen as essential to driving global climate action.

The COP29 presidency has proposed 14 key initiatives connecting climate action to the Sustainable Development Goals (SDGs). These initiatives include projects related to green energy corridors, energy storage, climate resilience, clean hydrogen, methane reduction from organic waste, and the development of green digital technologies. A central proposal is the creation of a Climate Finance Action Fund.

With a focus on climate finance, these initiatives aim to help countries meet the critical target of limiting global warming to 1.5°C.