In his remarks, Mukhtar Babayev highlighted the key outcomes of Azerbaijan’s COP29 Presidency - the adoption of the "Baku Finance Goal", which sets a new target of mobilizing at least $1.3 trillion per year in climate finance for developing countries by 2035, as well as the decision to ensure the full operationalization of the Loss and Damage Fund.
Minister of Ecology and Natural Resources Mukhtar Babayev underscored that national climate strategies for emissions reduction and climate adaptation could help foster deeper regional partnerships. “They can demonstrate how collaboration and the setting of priorities can guide our efforts,” Babayev said. “This includes monitoring shared and regional glaciers and forecasting their response to future climate changes. The COP29 Presidency welcomes the proposal to establish regional training centers, describing them as valuable platforms for partnership,” he added.
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