Baku, Azerbaijan, March 23. Armenian Foreign
Minister Ararat Mirzoyan’s claims in an interview with the
Brazilian newspaper “Folha” that little attention has been paid to
the needs of the “Global South” and developing countries in
previous COP meetings are unfounded, the Azerbaijani Foreign
Ministry said, Trend reports.
“It seems that the Armenian Foreign Minister is completely
unaware of the climate negotiations that have taken place within
the framework of the COP.
It is known that significant decisions have been made for the
“Global South” in the field of combating climate change at all COPs
so far.
In this regard, the opinion expressed by the Armenian Foreign
Minister are disrespectful not only to the host of COP29, but also
to all previous COPs.
As for COP29, the Baku COP, which is considered a turning point
in global climate diplomacy, is considered one of the most
successful COPs, both in terms of the level of organization and the
results achieved as a result of the negotiations.
According to the Baku Climate Finance Goal decision, the annual
target of $100 billion previously earmarked by developed countries
from public sources to finance climate-related activities in
developing countries, was increased threefold to $300 billion in
Baku. According to that decision, the amount to be obtained from
all sources (both state and non-state) for the same purposes was
set at 1.3 trillion US dollars.
The Baku COP was also remembered for the decision to launch the
carbon markets mechanism (Paris Agreement Credit Facility), which
has been negotiated for nearly 10 years and has not been able to
achieve results at previous COPs. In this context, it will be
possible for the countries of the “Global South” to benefit widely
from climate finance.
COP29 was also significant in terms of the launch of the Loss
and Damage Fund that is attached particular importance by the
“Global South.”
These successes, achieved as a result of the special efforts of
the COP29 presidency, are only part of the accomplishments of the
Baku COP.
Currently, the main priority for the global climate community is
the implementation of the outcomes of the Baku COP and the
preparation for the next COP to be held in Belem.
We hope that the Belem COP will also be another breakthrough in
climate negotiations,” said Azerbaijani MFA.