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.
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.
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.
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.
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.
COP29, Currently hosted by Baku, saw a range of events, including dialogue sessions and interactive workshops addressing critical environmental challenges.
Scientists revealed, Wednesday, that global carbon dioxide emissions, including those from burning fossil fuels, are on track to reach a record level this year, further deviating the world from its path to avoid more destructive extreme climate phenomena.
President of the UAE, Sheikh Mohammed bin Zayed Al Nahyan, stressed on Tuesday that climate change is a serious global challenge, but it can be confronted and reduced.
Azerbaijan took on the responsibility of the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29), amidst the presence of 198 parties, for a full year until handing it over to Brazil at the end of 2025. However, the implementation of the "new collective quantitative target" (NCQG) appears to be the most notable challenge facing the Azerbaijani presidency.
Theo James, British actor and newly appointed Goodwill Ambassador for UNHCR, the UN Refugee Agency, has called for the inclusion of refugees in climate policy on the world stage.
