For Immediate Release:
Commenting at the conclusion of the 11th Technical Expert Dialogue and the 3rd Meeting Under the Ad Hoc Work Programme, COP29 President-Designate Mukhtar Babayev said:
“The COP29 Presidency was honoured to welcome parties to Baku where we moved on from early negotiating positions and worked to narrow down potential options for the New Collective Quantified Goal on Climate Finance. The conclusion of the final meeting of the Ad Hoc Work Programme marks the beginning of the end.
“We have full confidence in the co-chairs of the Ad Hoc Work Programme as they now develop a substantive framework for a draft negotiating text. This substantive framework will serve as the basis for the COP29 Presidency’s final period of intensive political and technical engagements as we prepare to nail down a deal on a new climate finance goal at COP29.
“We are on the right track and have come a long way, but we still risk falling short. Determination and leadership is needed from all Parties to bridge the gaps that still divide us in this critical final phase. Everyone now needs to take ownership of finding an agreement. Sticking to set positions and failing to move towards each other will leave too much ground to be covered at COP29.
“Billions of people are counting on us to deliver climate finance at a scale that is adequate to the urgency and scale of the problem. We will spare no effort to deliver a fair and ambitious new goal in Baku at COP29, and the Parties cannot afford to either.”
