Una May Gordon expects positive results from COP29 financing talks

The International Institute for Environment and Development expects good outcomes from the financing negotiations at the upcoming COP29 conference in Baku, Una May Gordon, a representative of the institute, told Report on the sidelines of Pre-COP29 in Baku.

She noted that today's ministerial climate meeting within the Pre-COP29 is an important event.

"This is not a negotiating platform, in the sense that we don't have prepared speeches. The platform is designed to build trust between parties," Gordon said.

Gordon noted that as a result of COP29, she expects an increase in climate financing, particularly in the Loss and Damage Fund.