UAE Drives Global Climate Finance Push at COP29
Next few days, lot of Climate actions are going to take place in Azerbaijan. Yes, the COP29 hosting by Azerbaijan have kick-starts from Nov 11. Wide range of Climate Experts and Global ledaers are taking part in this Climate Summit. Meanwhile, The UAE President HH MBZ arrived to Azerbaijan and has taken a proactive stance at the COP29 summit in Baku, Azerbaijan, driving the global climate finance agenda to support the implementation of the UAE Consensus. This initiative, established at COP28, includes commitments to triple renewable energy capacity, double energy efficiency, and end deforestation by the end of the decade. As key highlight of the summit, The UAE Consensus, agreed upon at COP28, aims to limit global warming to 1.5°C. The UAE is now pushing for a New Collective Quantified Goal (NCQG) on climate finance to ensure these targets are met. One of the early victories at COP29 was the approval of UN standards for international carbon markets, allowing countries to trade ca...