Baku. TurkicWorld:
The COP29 Presidency team participated in a multilateral conference on carbon markets, TurkicWorld reports.
"The discussions focused on the operationalization of Article 6 of the Paris Climate Agreement (2015) on the development of carbon trading (credits). The needs and challenges of Africa concerning carbon market development and climate solutions are at the center of the activities and efforts of the COP29 chairmanship," the information notes.
To note, the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29) will be held in Azerbaijan in November this year. The decision was made at the plenary meeting of COP28 held in Dubai on December 11 last year. Within two weeks, Baku, having become the center of the world, will host about 70,000–80,000 foreign guests.
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, which 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 the parties have decided otherwise, COP is held annually. The first COP event was held in March 1995 in Berlin, and its secretariat is located in Bonn.
