Minister: COP29 highlights Azerbaijan's commitment to mobilize climate action

Azerbaijan is the host of COP29 and the country is honored to host this global event and underscores government's commitment to mobilizing climate action, Samir Sharifov, Minister of Finance and Governor from Azerbaijan at ADB, said during the event themed "Financing Greener Value Chains in the CAREC Region" within the framework of the annual meeting of the ADB, held in the capital of Georgia, according to Report.

"Financing is necessary to achieve our ambitious goals. We must think about global financing and the conference in Baku will contribute to this. Financial resources must be accessible, we are still discussing modalities, mechanisms for providing these resources," the minister said.

He emphasized that it is mainly about the redistribution of resources.

In November this year Azerbaijan will host the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29).