BAKU, Azerbaijan, November 15. Kyrgyzstan called on COP29 participants to join the regional project Kambarata HPP-1, the Energy Minister of Kyrgyzstan Taalaibek Ibraev said at the COP29 Energy Transition Investment Forum for Central Asia, TurkicWorld reports.
"The joint launch of renewable energy projects will allow achieving more efficient use and management of water resources in Kyrgyzstan and in the region as a whole, ensuring the production of clean energy. These measures will contribute to strengthening energy, environmental, and food security not only in our country but also in other states and regions.
I urge energy ministers, representatives of international communities, and conference participants to join the regional project Kambarata HPP-1, located at the source of Central Asian rivers," Ibraev said.
According to him, the uniqueness of this project is determined by the coordinated consolidation of efforts of all three states - Kyrgyzstan, Kazakhstan, and Uzbekistan - with the support of the World Bank.
"I am confident that only coordinated action within the green agenda will allow everyone to develop and strengthen partnership projects between governments, the private sector, and IFIs," the minister emphasized.
The opening of COP29 took place on November 11 in Baku's Olympic Stadium and will continue until November 22. The event is the largest organized by Azerbaijan to date, and it is the first time the region is held in Azerbaijan.
As part of COP29, the highest-level event, the World Leaders' Summit on Climate Action, was held on November 12-13.
The main expectation from COP29 is to agree on a fair and ambitious New Collective Quantitative Goal (NCQG) on climate finance.
In addition to being a top priority that creates the conditions for action, creating climate finance will also help fulfill the 1.5°C pledge by bringing everyone together.
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 based in Bonn.
