The presidency of COP29 will publish a draft agreement on climate finance at midnight, announced Wednesday in Baku, the chief negotiator of this COP, Yalchin Refiyev.
»This text will include the new Quantified Collective Goals (NCQG), the Just Transition Work Program, the Mitigation Work Program, the Global Goal on Adaptation and the UAE Dialogue (on climate finance, editor’s note)”, indicated Mr. Refiyev, during a press conference, as part of the work of the 29th session of the climate conference.
“We plan to publish this text around midnight and other texts will be published tomorrow morning,” he said, stressing that these draft texts must be considered as “a whole that contains options to address the main concerns of all groups.
“There are issues where we will need the parties to continue to work together to find common ground and achieve a balanced outcome,” he added.
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These texts are not final and will be open for contribution and discussion, he noted, expressing his willingness to continue listening to the parties’ contributions.
The chief negotiator, who considered that the final text could contain elements not included in these drafts, called on the parties to work on some of the “more complex” issues, to confront different options and to find ground.
“With this draft text, we are taking a crucial step,” he rejoiced, saying he “impatiently” awaits a productive engagement with all parties.
The decisions taken in Baku will be “essential to guide us from the first to the second decade of the Paris Agreement,” he judged.
He also welcomed Australia’s contribution of US$32.5 million to the Loss and Damage Fund and the announcement by the United States to provide US$320 million to the Loss and Damage Fund. green technologies, calling on the parties to “continue this momentum”.
The 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (11-22 November) focuses primarily on climate financing, given the need to enable all countries to reduce greenhouse gas emissions and protect lives and livelihoods from the worsening effects of climate change, particularly for vulnerable communities.
With MAP
