As the June UN Climate Meetings concluded, the COP29 Presidency highlighted the importance of finance at this year’s negotiations, as well as the transparency and trust needed to achieve the climate goals, COP29 official X account said, Report informs.
The COP29 Presidency welcomed the progress made by all parties during the intersessional June UN Climate Meetings held in Bonn, Germany.
“We got off to a positive start with the swift adoption of the agenda, there was clear momentum and will to advance work on Article 6, and we made good progress with an updated input paper for the New Collective Quantified Goal on climate finance,” COP29 official X account said adding:
“But we now need a step change in the pace of our work. We heard strong calls that at COP29 we need to collectively make progress across all pillars of the Paris Agreement with climate finance as a centerpiece.
To that end, Azerbaijan is intensifying its efforts, and we are committed to the integration of political engagement in support of the ongoing substantive discussions.”