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At COP29, an agreement was reached to increase the climate finance commitment to 170 billion dollars

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At COP29, an agreement was reached to increase the climate finance commitment to 170 billion dollars

The Minister of Foreign Affairs of the Republic of Azerbaijan, Jeyhun Bayramov, met with the Minister of International Development of the Kingdom of Norway, Anne Beate Twinreim, who is visiting our country to participate in the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29).

About this Oku.AzThis was reported by the Ministry of Foreign Affairs of Azerbaijan.

The meeting discussed the prospects for cooperation between Azerbaijan and Norway, issues arising from our country’s presidency at COP29, as well as the regional situation.

Minister Jeyhun Bayramov reported on our COP29 presidency, the negotiation process and highlighted the importance of agreeing on the agenda of the session on the first day of COP29 as a result of our country’s efforts to promote the climate action agenda in terms discussion of important topics. . In the negotiation process, attention was drawn to the fact that so far, Article 6.4 of the Paris Agreement, as well as agreements have been reached by multilateral financial institutions to increase the climate finance obligation from 75 billion to 170 billion US dollars. per year. base.

During the meeting, information was also provided about the situation in the region during the past Armenian-Azerbaijani conflict and the post-conflict period, as well as our country’s peace efforts. At the same time, attention was drawn to the mine threat created by Armenia.

Exchange of views on other topics of mutual interest during the meeting

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