Georgian PM Kobakhidze Urges Increased Climate Finance at COP29, Commends Azerbaijan’s Role in Hosting Summit
Reuters
Georgian Prime Minister Irakli Kobakhidze delivered a national statement emphasizing the importance of the collective quantified goal on climate finance for the success of the summit.
He expressed gratitude to Azerbaijan for hosting the historic event—the first COP to be held in the South Caucasus region—and acknowledged the leadership of President Ilham Aliyev and COP29 President-designate Mukhtar Babayev.
Kobakhidze underscored the urgent need to address climate change, highlighting its severe consequences, particularly for vulnerable nations like Georgia.
He pointed to the melting glaciers and rising sea levels as examples of climate change's destructive impacts, which threaten global economies and livelihoods.
The Prime Minister also emphasized the importance of human rights in climate action, noting Georgia's constitutional commitment to the right to a clean environment and its leadership in the Council of Europe on human rights and environmental protection.
In his speech, the Prime Minister reaffirmed Georgia’s commitment to the Paris Agreement, pledging to halve its greenhouse gas emissions by 2030 and to submit its third-generation nationally determined contributions (NDCs) by 2025 to stay within the global warming limit of 1.5°C.
He stressed that global cooperation and bold actions are essential for achieving these ambitious goals.
Furthermore, Kobakhidze urged the international community to significantly increase the climate finance target, currently set at $100 billion, to support developing countries in their climate mitigation and adaptation efforts.
He emphasized that ensuring adequate financial resources aligned with the Paris Agreement's objectives is crucial for advancing global sustainability.
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