Azerbaijan well-positioned for success at COP29, COP28 official says

Azerbaijan has every chance to achieve success at the upcoming COP29 climate conference, according to Samir Suleymanov, the Director of Climate Finance for COP28.

According to Report, speaking at the Baku Energy Forum, Suleymanov expressed his optimism about the transition of the COP presidency from the United Arab Emirates to Azerbaijan.

"The handover of the COP chairmanship from the UAE to Azerbaijan is a fortunate factor, both in terms of the geography of the event and other indicators," Suleymanov stated. "Both countries share a similar vision on key issues, such as energy efficiency. Therefore, I am very hopeful that by building upon the results already achieved, we can make significant progress."

Suleymanov emphasized that the challenge lies not only in financing measures to prevent climate change, as funds can be attracted in the desired volume. "There must also be those who can implement the tasks set," he added.

"It is necessary to consider the real capabilities of each country so that they can build a decarbonized economy," Suleymanov noted.

The 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP 29) will take place in Baku in November this year. The decision was made at the plenary session of COP28, held in Dubai on December 11, 2023. As part of the event, the capital of Azerbaijan is expected to host around 70,000 to 80,000 foreign guests.