Bank Of Baku

Azerbaijani President: Significant progress has been made in COP29 negotiation process

Azerbaijani President: Significant progress has been made in COP29 negotiation process
# 14 November 2024 18:18 (UTC +04:00)

"Significant progress has been made in the COP29 negotiation process," said Ilham Aliyev, President of the Republic of Azerbaijan, as he met with Alain Berset, Secretary General of the Council of Europe, APA reports. 

The head of state stated that significant progress has been made in the COP29 negotiation process. Specifically, on Article 6 of the Paris Agreement, which has been under discussion for over 10 years, the first results have been achieved, and negotiations in this area will continue. The President also highlighted that statements from international financial institutions about a new financial target are viewed as positive signals.

He expressed hope that a new financial target will be established at COP29, stressing that developing countries, in particular, have high expectations on this matter.

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