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COP29 to make important decisions, especially on climate finance – official

SHUSHA: The important decisions will be made at COP29, especially on climate finance, Turkish Vice President Cevdet Yilmaz said during the informal summit of the Organization of Turkic States (OTS) in the city of Shusha, Trend reports. "We will continue our close cooperation and support on many fronts as part of the preparatory process for this conference, which will make important decisions, especially on climate finance. The hosting of this conference in Azerbaijan is also of great importance in terms of regional cooperation. In this context, we welcome Azerbaijan's proposal to include the initiative of the Organization of Turkic States in the conference or organize a joint parallel event," he said. 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 o f 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. Source: Trend News Agency