Azerbaijan unveils COP29 agenda amid financial deadlock
The summit aims to determine how much money developing countries need and who should contribute to the fund. With just two months until the event, negotiations remain at a standstill.
COP29 host Azerbaijan unveiled a slew of initiatives for the November summit on Tuesday in an attempt to overcome stalled funding negotiations.
The primary challenge of COP29 is to agree on a new funding goal to help developing countries deal with climate change. However, discussions remain deadlocked.
In response, the COP29 presidency has proposed more than a dozen side initiatives that don’t require party negotiations.
Azerbaijan’s Ecology Minister Mukhtar Babayev, who holds the rotating COP presidency, said that side agendas use "the convening power of COP and the hosts’ respective national capabilities to form coalitions and drive progress."
These voluntary, parallel initiatives are common at COP summits, but they are separate from the lengthy negotiations that lead to binding agreements.
The agenda will "help to enhance ambition by bringing stakeholders together around common principles and goals," Babayev said.
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