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    • Opinion
    • The Road to COP 29

    COP 29 presidency ‘committed’ to agree on climate finance goal, CEO says

    Azerbaijan’s COP presidency outlines its commitment to clinching a new climate finance goal and prioritizing developing countries and island states during the upcoming U.N. climate conference.

    By Stéphanie Fillion // 16 September 2024

    The COP 29 Azerbaijani presidency is “committed to agreeing” on the New Collective Quantified Goal on Climate Finance, or NCQG, its CEO Elnur Soltanov has said ahead of the upcoming U.N. climate conference.

    Soltanov, who is also Azerbaijan’s deputy minister of energy, pledged to finalize a deal on the NCQG in Baku while speaking at the Virtual Island Summit on Sept. 11. 

    As Azerbaijan is approaching the finish line before hosting the 29th United Nations Climate Change Conference of the Parties in late November, Soltanov laid out Baku’s priorities for small islands developing states in a video message aired at the summit. He also promised to finalize Article 6 of the Paris Agreement, setting out how countries can pursue voluntary cooperation to reach their climate targets “to support the development of high integrity carbon markets.” 

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    Read more:

    ► What climate finance is flowing to the most vulnerable countries? (Pro)

    ► Latest global climate finance goal talks ‘still stuck’ on dollar amount

    ► Azerbaijan’s gamble to rebrand a green Nagorno-Karabakh at COP 29

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    The views in this opinion piece do not necessarily reflect Devex's editorial views.

    About the author

    • Stéphanie Fillion

      Stéphanie Fillion

      Stéphanie Fillion is a New York-based reporter specializing in foreign affairs and human rights and a United Nations resident correspondent. Her work has been featured in outlets such as Forbes Magazine, Foreign Policy, CNN, among others. She has a master's degree in Journalism, Politics, and Global Affairs from Columbia University and a Bachelor of Arts in Political Science from McGill University. In recent years, her U.N. coverage received two U.N. Correspondent Association awards as well as a Gracie award from the Alliance for Women in Media.

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