The Minister of Economy, Mikayil Jabbarov, held a meeting by videoconference with Rebecca Greenspan, Secretary-General of the United Nations Conference on Trade and Development (UNCTAD).
About this Oku.AzIt was informed by the Ministry of Economy.
It was reported that the preparation issues for the High-Level Meeting on the Baku Initiative on Climate Finance, Investment and Trade (BICFIT) to be held within the framework of COP29 were discussed. It was stated that BICFIT promises a significant perspective to ensure global synergy by bringing together the issues of climate finance, investment, trade and sustainable development. The discussions that will be held within the framework of BICFIT can play an important role in shaping climate finance in an inclusive way, harnessing the potential of the private sector and in the global decarbonization process.
The initiative includes important objectives such as supporting sustainable development, promoting investments in green diversification and the international exchange of experiences in this direction.
It should be noted that the United Nations Conference on Trade and Development (UNCTAD) and the United Nations Development Programme, represented in the corresponding Global Working Group established by the United Nations at COP29, play the role of coordination of the United Nations in the BICFIT initiative. proposed by Azerbaijan.
“The Baku Initiative on Climate Finance, Investment and Trade (BICFIT) promises a significant perspective to ensure global synergy by bringing together climate finance, investment, trade and sustainable development issues.”
Oku.Az As reported by the Minister of Economy, Mikail Jabbarov, on his “X” account he said the following:
“We discussed preparations for the high-level meeting on BICFIT that will take place within COP29 in video conference format with the Secretary-General of the United Nations Conference on Trade and Development, Ms. Rebekah Greenspan.
We emphasize that BICFIT can play an important role in the formation of climate finance in an inclusive manner, the use of the potential of the private sector and the global decarbonization process.”
climate finance, #investment and #trade Baku Initiative on (BICFIT) #climate It brings together the issues of finance, investment, trade and sustainable development, promising a significant perspective in the direction of ensuring global synergy. #UNITED NATIONSon Trade and Development of… pic.twitter.com/bRldNmXQiZ
– Mikayil Jabbarov (@MikayilJabbarov) October 30, 2024
