Excerpt and Photo from devex.com
The COP 29 Azerbaijani presidency is “committed to agreeing” on the New Collective Quantified Goal on Climate Finance, or NCQG, its CEO Elnur Soltanov has said ahead of the upcoming U.N. climate conference.
Soltanov, who is also Azerbaijan’s deputy minister of energy, pledged to finalize a deal on the NCQG in Baku while speaking at the Virtual Island Summit on Sept. 11.
As Azerbaijan is approaching the finish line before hosting the 29th United Nations Climate Change Conference of the Parties in late November, Soltanov laid out Baku’s priorities for small islands developing states in a video message aired at the summit. He also promised to finalize Article 6 of the Paris Agreement, setting out how countries can pursue voluntary cooperation to reach their climate targets “to support the development of high integrity carbon markets.”