BAKU, Azerbaijan, November 12. Nationally Determined Contributions (NDC) pose a critical tool in climate action, said German Minister of State for Europe and Climate Affairs Anna Lührmann at a panel session "Connecting the Dots: Implementable and Investment-Ready NDCs" within COP29 in Baku today, TurkicWorld reports.
"We already see what inaction leads to. If you just look around, you will notice that Brazil is experiencing the worst drought in history, and Spain has recently lost many lives due to floods. It is clear that we cannot afford to remain on the sidelines," she explained.
According to her, in the fight against climate change, it is essential to clearly and loudly convey the idea that action is a sound economic policy and NDCs are not a barrier, but rather an opportunity for economic development, including attracting finance and investments.
For countries to meet their ambitious NDC commitments, it is necessary to integrate them into the real economy and make them attractive to investors, the minister noted.
"We have already begun working on providing new economic data and real-world implementation experiences that demonstrate the short-term and long-term economic benefits of ambitious climate action. Thus, this is the first step in changing the narrative, and then, of course, it's necessary for steps to be taken from all sides to fulfill the ambitious commitments related to NDCs," added Lührmann.
To note, the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29) has started in Baku. The decision was made at the plenary session of COP28 held in Dubai on December 11 last year.
The UN Framework Convention on Climate Change is an agreement signed at the Rio Earth Summit in June 1992 to prevent dangerous human interference in the climate system. The acronym COP (Conference of Parties) stands for "Conference of Parties" and is the highest legislative body overseeing the implementation of the Framework Convention on Climate Change.
A total of 198 countries are parties to the Convention. Unless otherwise decided by the parties, COP is held annually. The first COP event was held in March 1995 in Berlin, and its secretariat is located in Bonn.
