The activities of the 29th session of the Conference of the Parties (COP29) continued Saturday, November 16 in Baku, the capital of Azerbaijan. The day includes several events in both the blue and green zones.
The Finance, Investment, and Trade Day at COP29 featured leaders from the business, finance, and philanthropic sectors. These investors, with a combined asset value of $10 trillion, united to accelerate the deployment of private capital into climate markets.
The UAE announced the launch of its initiative to establish the "Global Energy Efficiency Alliance."
COP29 Presidency launched today the "Baku Call for Climate Action for Peace, Relief, and Recovery" in collaboration with the UAE, Egypt, Italy, Germany, Uganda, and the United Kingdom.
The UAE has received numerous accolades during the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) for its outstanding organization and management of COP28, which took place in Dubai last year. The conference resulted in significant achievements, culminating in the historic "UAE Agreement."
The presidencies of COP28 (UAE), COP29 (Azerbaijan), and COP30 (Brazil) have adopted the Baku Initiative for Climate Finance, Investment, and Trade ("BICFIT") for COP29. This initiative aims to foster collaboration across climate finance, investment, and trade, bringing together a range of key stakeholders.
The UAE Pavilion at COP29 featured 8 sessions held on Thursday, focusing on climate finance and ways to accelerate the global transition toward a future with climate neutrality and resilience for all.
Various climate-related events will take place on the fifth day of the 29th Conference of the Parties to the UN Framework Convention on Climate Change (COP29), held in Baku, Azerbaijan.
The Director-General of the International Renewable Energy Agency (IRENA), Francesco La Camera, emphasized the importance of international efforts to achieve a global transition to clean energy.
Despite having gained a bad reputation due to its previous uses in wars, nuclear energy is considered one of the most important sources of clean energy. It garnered attention during the events of the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) at Expo Dubai in the UAE.
The COP presidencies “Troika”, including the UAE (COP28), Azerbaijan (COP29), and Brazil (COP30), continues discussions to assess the “Roadmap to the 1.5°C Goal” as part of COP29 events, currently hosted by Baku.
During his participation in COP29, Dr. Mahmoud Mohieldin, the United Nations Special Envoy for Financing the 2030 Agenda, spoke about the Alterra Climate Finance Fund that the United Arab Emirates announced at COP28.
During the 29th Conference of the Parties to the UN Framework Convention on Climate Change (COP29), the inaugural Climate Finance, Investment, and Trade Thematic Day marked the beginning of discussions focused on achieving an extensive international climate finance agreement. This agreement aims to secure trillions of dollars for climate projects.
The United Nations Environment Programme (UNEP) has alerted participants at the 29th Conference of the Parties to the UN Framework Convention on Climate Change (COP29) about the insufficient progress in adaptation financing necessary to address the challenges posed by the climate crisis.
The capital of Azerbaijan, Baku, is hosting the COP29 conference, which is now in its fourth day and features a variety of climate-related events.
