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COP29 continues in Baku: new economic objectives are debated

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COP29 continues in Baku: new economic objectives are debated

On the eighth day of the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) in Baku, the activities of several local and international organizations continue.

Oku.Az“Haber Global” has prepared a plot in this regard.

It is reported that one of the main agenda items of the summit is the determination of new financial assistance targets.

“For the G20 meeting held in Rio de Janeiro (Brazil), world leaders were asked to make the issue of the climate crisis the main topic on the agenda. This issue should become the main topic of discussion at all meetings The volume of economic aid needed has already reached very high levels. Each year, these figures increase with the time lost. Currently, 1.1 trillion dollars are needed per year, ten times more than in previous years,” he highlights. the report.

It was also noted that specific decisions on economic assistance have not yet been made and there are complaints about this at COP29.

“The participants hope that at the end of the summit progress will be made in this regard,” says the author.

In the detailed plot:

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