UN Cop 29 Presidency Sets Out Ambitious Agenda for Climate Summit
Key Ideas
- President-designate Mukhtar Babayev outlines 14 initiatives for Cop 29, focusing on methane reduction and clean hydrogen market barriers.
- The presidency aims to harmonise international frameworks for hydrogen business models and build on the declaration of intent from Cop 28.
- Plans include setting priorities for Cop 30 in Brazil, tackling methane emissions from organic waste, and scaling up energy storage and power grid infrastructure.
- A climate fund will be established to address climate change consequences, support renewable energy producers, and focus on green industrial projects, with Baku hosting Cop 29 in November.
The president-designate of the UN Cop 29 climate summit, Mukhtar Babayev from Azerbaijan, has unveiled an ambitious agenda for the conference. The agenda includes a strong emphasis on methane reduction and addressing barriers to the clean hydrogen market. Babayev highlighted the urgent need for aligning international frameworks to facilitate viable business models for hydrogen. The presidency plans to continue the work initiated at Cop 28 by advancing the mutual recognition of hydrogen certification schemes. Additionally, there are intentions to prioritize actions ahead of Cop 30 in Brazil and focus on mitigating methane emissions from organic waste. The presidency also aims to increase global energy storage capacity and enhance power grid infrastructure. A notable initiative is the establishment of a climate fund, supported by fossil fuel producing countries and companies, to provide assistance for developing countries in dealing with climate change impacts. The fund will prioritize renewable energy projects and green industrial initiatives, with an emphasis on food and agriculture sectors. Cop 29 is scheduled to be held in Baku, Azerbaijan, marking the first time a Cop will take place in the Caucasus region. Alongside discussions on climate action, other programs will address water management, sustainable tourism, and the relationship between conflict and climate change.
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