The Prime Minister of Pakistan Shehbaz Sharif delivered a powerful call for urgent international climate finance, at the climate summit in Baku.
The Prime Minister of Pakistan Shehbaz Sharif delivered a powerful call for urgent international climate finance, at the climate summit in Baku.
He stressed that developing nations will need an estimated $6.8 trillion by 2030 to meet their climate commitments.
The Prime Minister's remarks highlighted the immense financial challenges facing countries like Pakistan, which, despite significant progress with its national adaptation plan and carbon market framework, cannot achieve its climate goals without substantial global support.
"While Pakistan has made strides in combating climate change," Prime Minister Sharif said, "we cannot do it alone. The scale of the challenge is far too great, and the financial resources needed to meet our climate targets are beyond our reach without international assistance."
Sharif urged COP29, under Azerbaijan's leadership, to transform into a “finance COP,” one that prioritizes restoring trust in the climate finance process and significantly scales up funding for developing nations.
He emphasized that climate finance must be grant-based and should not add to the already heavy debt burdens of developing countries, which are already grappling with the impacts of climate change.
"Developing countries are on the frontlines of climate change. We need the world to honor its promises and provide the resources necessary to build resilience and ensure a sustainable future," Prime Minister Sharif asserted.
Azerbaijan’s leadership as COP29 President was praised during high-level meetings in Mexico, where the two countries discussed climate diplomacy and the expansion of bilateral ties.
A delegation led by Yalchin Rafiyev, Deputy Minister of Foreign Affairs of the Republic of Azerbaijan and Chief Negotiator of COP29, participated in Climate Week in Panama, held from May 19–21, 2025, in Panama City.
With a global outlook and local context, Baku Climate Action Week (BCAW) will convene key stakeholders—from policy and finance to science, culture, and civil society—to help lay the foundations for a successful COP30. This will be the second time Azerbaijan has hosted BCAW.
Azerbaijan's Foreign Ministry has established the Climate Diplomacy Department to strengthen Baku's diplomatic role in the Baku-Belém Roadmap, aiming to foster international cooperation for a significant increase of financial resources to support developing countries.
At the Antalya Diplomacy Forum, COP29 President Mukhtar Babayev highlighted Azerbaijan’s climate leadership, unveiling the Baku to Belem Roadmap. The initiative aims to scale climate finance to $1.3 trillion by 2035, with global cooperation to support developing nations.
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U.S. Treasury Secretary Bessent said on Sunday that he expects President Donald Trump and Chinese President Xi Jinping to speak soon in an effort to resolve a growing dispute over critical minerals.
As Germany considers providing long-range Taurus missiles to Ukraine, military experts warn the move could enable Kyiv to strike targets deep inside Russian territory, including Moscow — a shift that could escalate tensions and draw NATO closer to direct confrontation.
Ukraine has carried out one of its largest drone strikes of the war, reportedly hitting more than 40 Russian military aircraft at multiple air bases, a Ukrainian security official told Reuters on Sunday.
Ukrainian President Volodymyr Zelenskyy said on Sunday that Ukraine will attend a meeting in Istanbul on Monday, following a proposal from Russia.
Flash floods in central Nigeria have killed at least 151 people, with authorities warning the toll may rise further as search and rescue operations continue in the flood-ravaged town of Mokwa, Niger State.
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