As the host of COP29, Azerbaijan is successfully handling the challenging responsibilities entrusted to it, Francesco Corvaro, Italy's special envoy for climate action, told Report on the sidelines of Pre-COP29 in Baku, Report informs.
Corvaro emphasized that COP29, set to take place in Baku, will address complex issues. However, he expressed confidence that the parties involved will be able to reach agreements.
"As you know, we have the discussion of the New Collective Quantified Goal (NCQG) on climate finance ahead of us. I believe that the parties can come to a common understanding and agree on the next steps in this direction for the future of climate funds," Corvaro stated.